XRP Price Targets $3.61 In Short Term As ‘Cup’ Turns Hot
The XRP price is still trending low after the recent market crash, which has put it below the $2.2 level. This has seen the breakdown of multiple support levels, leaving only the $2 support level to hold up for the bulls to hold. At the same time, there have been several formations on the XRP […]
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Earlier on this morning we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be keeping an eye on in the bitcoin price throughout the Friday European session, and suggested a couple of potential targets and stop losses for the day's action. Now we have seen the bitcoin price mature throughout Friday, what are the levels we are keeping an eye on as we head into the weekend, and how will we be looking to take a position on the breaking of any of these levels heading forward? Take a quick look at the chart. As the chart shows,....
We’ve had a number of positive fundamental developments in the bitcoin space over the last couple of weeks – specifically relating to financial institutions pitching a stake in blockchain technology. The bitcoin price has reflected this, with these developments translating to some considerable volatility. Of course, we like volatility whether it’s upside or downside – from a short term perspective at least. Longer term we’d prefer our holdings to appreciate in value, but if we get a bit of downside short to medium term, our intraday strategy is set up to allow us to draw a profit from the....
Bitcoin price formed a head and shoulders pattern on its short-term chart, suggesting that a drop to the $380 area might take place again. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the upside. This means that bitcoin price could still test the previous highs at the $420-245 area. However, RSI is pointing down so price might follow suit, moving down to the area of interest around $410. A break below this level could confirm that further losses are in the cards. The chart formation is around $30 tall so the resulting breakdown could be of the....
On-chain data shows the Bitcoin short-term holder behavior has continued to display divergence from the price in recent weeks. Bitcoin Short-Term Holder SOPR Continues To Move Mostly Sideways As pointed out by an analyst in a CryptoQuant post, while the price has gone down recently, short-term holders have instead made more profits. The relevant indicator […]
Cardano (ADA) has seen the bulls finally reclaim control after a long stretch in the bear territory. This is a welcome change for the digital asset which remains one of the largest cryptocurrencies and widely used networks. However, after properly cementing its position in this bullish level for the short term, the question still remains on how the digital asset is looking towards the long term. ADA Bullish For The Short Term The price of Cardano (ADA) successfully broke above $1.2, which puts it on a bullish path for the short term. The indicators for this include the fact that the....