Bitcoin Price Decline Eyes $400
Bitcoin price decline continued all day, and pattern analysis shows $400 (Bitstamp) is a likely target during the coming 24 hours. Price has remained below the 1-hour 20-period moving average (green) and 200-period moving average (red) since yesterday’s drop-off and all the timeframes below 1-week are now bearish. Two technical factors mitigate the possibility of strong decline: 1) price remains above $400 2) price is still above the long-term ascending support line (grey) just below $400 The current chart pattern corresponds to a price pattern seen at the start of April 2015 – exactly a....
Related News
Since bitcoin’s significant price rise, altcoins have been brushed off to the side as bitcoin’s dominance climbed to 87.4 percent. Altcoin interest has waned as each alternative digital asset has lost market capitalization over the past two months. There are various reasons. All Eyes Focused on Bitcoin. Let’s face it: all eyes are on bitcoin’s price....
Kusama (KSM) looks bullish on a lower timeframe. Kusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe. Kusama (KSM) price aims to break above 50 EMA in the 4H timeframe. Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Aave (AAVE)....
QNT price holds strong above 50 and 200 EMA on a higher timeframe. QNT rallies as price eyes $160 despite the crypto experiencing a bloodbath across the market. The price faces resistance at $144 in the weekly timeframe. Quant (QNT) price has recently shown bullish strength against tether (USDT) as price trends higher above expectations. The price of Quant (QNT) has shown its strength despite Bitcoin (BTC) pulling most altcoins down after a rally from $19,000 to a region of $20,400, with the price rejected instantly from that region. (Data from Binance) Related Reading: TA: Ethereum....
RSR price holds above daily 50 EMA as price eyes $0.01 Price continues to look bullish, holding above key support areas RSR price breaks out of daily asymmetric triangle with high buy orders. Reserve Right (RSR) token price has had a rough time in recent weeks breaking out of its range but could rally to $0.01 as price broke out with more buy orders against tether (USDT). Despite the crypto market facing so much uncertainty as to where the market is headed, the price of the Reserve Right (RSR) token has shown a tremendous amount of strength as the price cracks double-digit gains. (Data....
Ethereum price extended its decline below $2,420 and $2,300. ETH is now attempting to recover from $2,150 but faces many hurdles near $2,365. Ethereum failed to stay above $2,350 and started a fresh decline. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,400 zone. Ethereum Price Eyes Another Decline Ethereum price failed to remain stable above $2,500 and extended losses, like....