XRP Price Range-Bound Below $1.50, Break Or Breakdown Ahead?
XRP price started a decent increase above $1.420. The price is now consolidating gains and might aim for more gains above the $1.50 zone. XRP price started a decent upward move above the $1.40 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There is a declining channel forming with support at $1.350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.50. XRP Price Faces Hurdles XRP price started a recovery wave above $1.380 and $1.40, like Bitcoin and Ethereum. The price gained....
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In our intraday technical analysis piece we published yesterday afternoon, shortly before the European session drew to a close, we pointed out couple of key levels to watch in the bitcoin price and suggested that a break of any of these levels would offer us a medium-term bias and signal entry in the direction of the break. Action is now matured overnight, and we did see a break - somewhat unexpectedly - to the upside. This said, what are we looking at now in the bitcoin price? Take a quick look at the chart. As the chart shows, having reached floors of around 237 early Tuesday morning,....
Dogecoin Price Key Highlights. Dogecoin price continued to consolidate and setting up for a huge move in the near term. 0-64.0 Satoshis is a key support area, which is a monster pivot zone for both buyers and sellers moving ahead. Dogecoin price consolidating in a tiny range for this long is a warning sign, and could ignite a solid move ahead. The Dogecoin price does this often as it trades in a small range for some time and then trades or we can say spikes in one direction to surprise traders. This past week the price traded in a tiny range, but there was still no break. We were waiting....
Dogecoin Price Key Highlights. Dogecoin price continued to trade in a tiny range and inside two trend lines on the hourly chart. The upper trend line on the hourly chart is acting as a monster barrier for buyers for more gains. However, as long as the price is above the 50 Satoshis, there are chances of more upsides moving ahead. Dogecoin price continued trade inside a range, and it looks like it is setting for a break in the near term. Break ahead? The Dogecoin price is forming an interesting pattern, which is setting up for a break in the short term. As highlighted in the previous week's....
Bitcoin has produced a range-bound movement recently, with prices oscillating between $83,000 and 86,000. Interestingly, popular crypto analyst Burak Kesmeci has identified the important price levels for any short-term action. Related Reading: Bitcoin Consolidates In Tight Range – Breakout Or Breakdown Next? Support At 82,800, Resistance At 92,000 – But Where Is Bitcoin Headed? In […]
In our bitcoin price intraday technical analysis piece this morning, we highlighted the range bound action we saw in the BTCUSD throughout Thursday night, and suggested that the levels to keep an eye on would be in term support and resistance that defined the range. We outlined three possible scenarios. The first, one in which price broke through in term resistance, giving as a medium-term bullish bias with an intraday upside target of 253.73. The second, a downside break of in term support, and the offering of a medium-term bearish bias towards 243. Finally, a continuation of the range....