Cryptocurrencies

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Technical Analysis – ETHUSD rebounds, surpassing 23.6% Fibonacci

Posted on June 10, 2019 at 1:30 pm GMT

ETHUSD has reversed back up after finding support at the 225 level, achieved earlier today. Momentum indicators are pointing to a positive bias in the 4-hour chart with the MACD just above trigger line and the stochastic oscillator is approaching the 80 level as the %K line is heading above the %D line. In the event of an upside reversal, the 253 resistance level could act as a barrier before being able to re-challenge the 270 obstacle. A break above [..]

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Technical Analysis – BTCUSD slips sharply; could weaken further in short-term

Posted on June 4, 2019 at 9:47 am GMT

BTCUSD started the day sharply on the downside, moving closer to the bottom of the Ichimoku cloud and further below the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart. The technical indicators are confirming the latest tweak as the MACD is strengthening its bearish momentum and the RSI is approaching the oversold zone. In case of further bearish action, immediate support could come from the 7590 barrier and the 38.2% Fibonacci of 7500. If there is a close below the latter the bitcoin could find another obstacle between the 7145 support level and [..]

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Technical Analysis – BTCUSD drops below 1-year low; indicators turn lower

Posted on May 28, 2019 at 11:19 am GMT

BTCUSD is declining after the sharp buying interest towards the one-year high of 8920.80 on Monday. Looking at momentum indicators, the RSI is lacking direction slightly below the threshold of 70, suggesting that the market could return lower in the near term. The MACD also supports this view in the positive territory and is currently embraced by its red signal line. In case of further bearish action, immediate support is coming from the 8360 barrier, taken from the peaks on May 16. If there [..]

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Technical Analysis – ETHUSD lacks direction in near term; positive profile in medium term

Posted on May 21, 2019 at 1:04 pm GMT

ETHUSD has been on the sidelines over the last week as the price struggle near the 20-simple moving average (SMA). Technically, the price could lose some ground in the short-term as the RSI is changing direction to the downside and is moving towards its 50 neutral mark, while the stochastics are creating a bearish cross within %K and %D lines. A rebound on the 20-day SMA should drive the price towards the 263.60 resistance level. Higher up, the eight-month high of 279.20 could attract attention. [..]

Technical Analysis – BTCUSD pares some gains after reaching 11-month high

Posted on May 16, 2019 at 6:56 am GMT

BTCUSD skyrocketed to a fresh eleven-month high of 8360 earlier today, but it quickly pared some of the gains, returning lower near the 20-simple moving average (SMA) in the 4-hour chart. The price is capped by the red Tenkan-sen line, suggesting a possible bearish correction while the technical indicators are also pointing down. The stochastic oscillator bounced off the overbought territory and the MACD slipped beneath its trigger line and is losing momentum. In case of further bearish action, immediate [..]

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Bitcoin goes ballistic; are the good days back? – Cryptocurrency News

Posted on May 15, 2019 at 3:18 pm GMT

Bitcoin prices have exploded higher lately, gaining over 50% this month, echoing the exponential moves back in its ‘heydays’. The latest buying frenzy seems owed to a combination of Chinese capital flight, growing retail adoption, and increasing institutional interest. In the big picture, sentiment around cryptos seems to be changing for the better. Digital currencies are back in vogue, with Bitcoin seeing an explosive rise once again, albeit without a clear catalyst. A combination of factors seems to have been [..]

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Technical Analysis – ETHUSD bounces back above SMAs; bullish in medium-term

Posted on May 7, 2019 at 8:48 am GMT

ETHUSD has come under renewed buying interest over the last five days, rising back above the 20- and 40-simple moving averages (SMAs) in the daily chart. The positive bias in the near term is also supported by the RSI, which has been hovering above the 50-neutral level in the past few days, while the stochastic oscillator entered the overbought zone. If prices continue to head higher, resistance should come from the 184.00 barrier and the five-month high of 186.00. A [..]

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Technical Analysis – BTCUSD surpasses Ichimoku cloud; indicators signal bullish bias

Posted on May 2, 2019 at 1:12 pm GMT

BTCUSD is hovering above the Ichimoku cloud and the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, which are ready to post a bullish cross in the next few sessions. The price found strong support near the 23.6% Fibonacci retracement level of the upward rally from 3313 to 5600, around 5062. The technical indicators suggest that the bearish correction may came to an end in the short term. The stochastic is edging higher entering the overbought zone, while the [..]

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Technical Analysis – ETHUSD hovers inside Ichimoku cloud; indicators signal bullish bias

Posted on April 17, 2019 at 1:22 pm GMT

ETHUSD has been trading inside the Ichimoku cloud and between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Over the last week the price has been moving sideways after the drop beneath the 168.30 barrier. The MACD oscillator is heading upwards, above the trigger line and the RSI entered the positive zone, pointing upwards. Resistance could occur around the 168.30 hurdle, which coincides with the 40-SMA. A break above this area could increase the bullish sentiment, retesting the 23.6% [..]

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Technical Analysis – BTCUSD dives beneath SMAs, but finds support at 23.6% Fibonacci

Posted on April 12, 2019 at 8:57 am GMT

BTCUSD returned near the 23.6% Fibonacci retracement level of the upleg from 3313 to 5440 around 4940 but failed to drop below it over the last few sessions. The price found strong resistance near the five-month high of 5440, slipping below the 20- and 40-simple moving averages (SMAs), however, the technical indicators suggest that bearish correction may came to an end. The stochastic is edging higher after the dive in oversold zone, while the RSI is flattening in the negative zone. In case [..]

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