TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

Bitcoin price is hovering above a resistance turned support area visible on the short-term time frames, still deciding whether to make a bounce or a break. Bitcoin Price Key Highlights. Bitcoin price is still treading sideways, moving above a resistance turned support level at $602. Price has formed lower highs on the 15-minute chart, suggesting that bullish pressure is weakening and that bears are trying to push for a move lower. For now, the area of interest is holding quite well since it lines up with the 100 SMA dynamic support. Technical Indicators Signals. The 100 SMA just recently....

Ethereum price dived yesterday towards $9.60 against the US Dollar, but found support, and it looks like ETH/USD may attempt to trade higher. Key Highlights. ETH price corrected lower further against the US Dollar, but found support near $9.60. There is a connecting bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $10.05. The price remains supported on the downside, as an earlier resistance is now acting as a barrier for sellers near $9.60. Ethereum Price Resistance. There was a downside extension yesterday in....

Key Highlights. Litecoin price surged sharply higher Intraday and broke an important bearish trend line on the 4-hours chart (price feed from Bitfinex). The price managed to settle successfully above the $3.30-40 resistance area and rocketed higher. Buying dips may be a good idea moving ahead after the much needed bullish break. Litecoin price climbed sharply during the past couple of sessions and broke all shackles. Now, can we look to buy dips? Resistance Turned Support. Litecoin price after forming a base near $3.20-10 traded higher and even managed to clear a couple of important....

Ethereum classic price traded down further versus Bitcoin. ETC broke a major support area and now may decline further. Key Highlights. Ethereum classic price struggle to recover continued against the Bitcoin, and as it traded down further. There was an expanding triangle pattern formed on the hourly chart of ETC/BTC (data feed via Simplefx), which was broken during the recent downside break. The price is now well below the 0.00200BTC support, which may now act as a resistance. Ethereum Classic Price Support Break. Ethereum classic price was seen consolidating above the 0.00198BTC support....

Ethereum price has rallied to $2,800, which is the next significant important resistance level. Ethereum’s price has risen by 30 percent from hitting a low of $2,160 barely a week ago. Ethereum Price Targets $3k In the last five days, ETH has closed in the green, reaching the important resistance level of $2,805. (20-day moving average line). Price is currently stabilizing slightly below this critical level, in preparation for a new effort to break above if the bullish sentiment persists. If successful, ETH would be well on its way to reaching $3,000 in no time. On the other hand,....