Crypto Market Facing Uphill Task: EOS, Bitcoin Cash, TRX, ADA Price Analysis
The total crypto market cap found support near $121.0B and later recovered above $124.0B.
EOS price corrected lower sharply and traded below the $3.80 and $3.60 support levels.
Bitcoin cash price is currently trading nicely above the $132 and $130 supports.
Tron (TRX) price is under pressure below the $0.0250 and $0.0248 resistance levels.
Cardano (ADA) price is currently holding the $0.0420 support area, with a positive angle.
Crypto Analyst: Bitcoin Bull Rally is Over if Trendline Breaks
Friday August 23, 2019
Bitcoin has been on a bull run since the start of 2019, after bottoming in December 2019. Momentum picked up with a $1,000 candle in April and the crypto asset was off to the...
The post Crypto Analyst: Bitcoin Bull Rally is Over if Trendline Breaks appeared first on 12bitplay - Bitcoin Play.
The crypto market recovery is facing a lot of hurdles on the upsides. Gains in bitcoin (BTC), Ethereum (ETH), EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to face resistance.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $145 and $140 support levels against the US Dollar. The BCH/USD pair declined sharply and broke key supports near the $140 and $138 levels. However, the $130-132 zone acted as a support and later the price corrected higher.
It is currently up around 3.5% and it could retest the $140 resistance level. If there is an upside break above the $140 resistance, the price may perhaps revisit the $145 level. On the downside, the key supports are near $135 and $132.
EOS, Tron (TRX) and ADA Price Analysis
EOS price trimmed most of the last week’s gains from well above the $4.00 level. The price traded below the $3.85 and $3.80 support levels to start a bearish wave. The price even broke the $3.60 support level. At the moment, the price is trading above the $3.50 support and it seems like it could correct higher towards the $3.65 and $3.70 resistance levels.
Tron price remained in a bearish zone below the $0.0250 resistance level. There were mostly bearish moves in TRX and the price declined below the $0.0250 and $0.0248 support levels. It must stay above the $0.0240 level to avoid further losses in the near term.
Cardano price declined recently, but the $0.0400 support area acted as a barrier for buyers. ADA price is currently trading above the $0.0420 level and it seems like the price may rise towards the $0.0450 level in the coming sessions.
Bitcoin (BTC) Price Target Additional Weakness, Upsides Remain Capped
Thursday August 22, 2019
Bitcoin price declined heavily in the past few sessions below $10,000 against the US Dollar. The price is currently correcting higher after it tested the $9,750 support area. There is a declining channel forming...
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Looking at the total cryptocurrency market cap hourly chart, there was a sharp decline from well above the $138.0B level. The market cap broke the key $128.0B support to enter a bearish zone. It traded towards the $120.0B support level and later started an upside correction. However, there are many resistances on the upside near the $128.0B and $130.0B level. The main supports are at $124.0B and $122.0B. Therefore, if bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins correct higher, they are likely to face a lot of hurdles.
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BiboxEurope Adds Another Milestone: Credit Card Insta-Buy
Tuesday August 20, 2019
In less than a month of its launch, BiboxEurope – the European arm of AI-enhanced digital asset exchange platform Bibox has added another feather to its cap by announcing the launch of its Insta-Buy...
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