XRP Price Is Ready To Break Out, But You Should Watch Out For $3.13
The XRP price is drawing attention this week as traders watch for signs of a potential upward move. Market analyst Egrag Crypto says the token is pressing hard against a falling wedge pattern and could be close to breaking out. According to the analyst, the lines are converging on the current price, and this could be the stage where momentum shifts quickly. XRP Price Pushes Toward Breakout From Falling Wedge Egrag Crypto says XRP is standing on the edge of what he calls a “significant structural breakout.” For weeks, the token has been moving inside a falling wedge, a formation that often....
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In this morning's bitcoin price watch piece, we highlighted the levels that we were looking to keep an eye on during the European session today. We hoped that based on the action we had seen throughout the Asian evening session on Monday, we might get a continuation to the upside and be able to enter on a break of in term resistance towards 250 flat. As it happened, we did get the break, but the momentum was unable to carry it through to our target. As a result, we are now looking at the same levels we had slated this morning as the ones to watch this evening. With this said, we are going....
Here's a look at what we are focusing on in the bitcoin price this evening. This morning, in the first of our twice daily bitcoin price watch pieces, we noted that the week so far had given us plenty to go at, and that this meant we were net up on the markets heading into the final session. We also noted that if we didn’t have too rough a trading day today, we could close the week out for a nice gain. Action has now matured throughout the session and things didn’t go quite as we’d hoped. Not terribly, and we still end the week net up on the markets, but not great. We highlighted a very....
Here's a look at what we are focusing on in the bitcoin price this evening. OK, that’s another day done in the bitcoin price, and we’re sort of in a similar position right now as we were earlier this morning. That is, price hasn’t really moved that much throughout the session, and as such, we haven’t been able to get in or out of the markets in any intraday positions according to the rules of our strategy. Our key focus this morning was the 1000 flat level, and our expectations for price moving in and around this level. We predicted that a break would precede a pretty decent run, but that....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
Bitcoin price is gearing up for a strong break of the $600 level, determining if longer-term gains are in the cards. Bitcoin Price Key Highlights Bitcoin price staged such a strong rally on Friday that it’s ready to attempt a break past the latest highs at $600. If this area holds as resistance, bitcoin price could retreat towards support at $550. On the other hand, a move past $600 could put it on track to test the record highs at $1,200. Technical Indicators Signals The 100 SMA is still above the 200 SMA somewhat after nearly making a downward crossover late last week. This signals that....