Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis
The total crypto market cap gained momentum and broke the $118.0B resistance level.
EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance.
Bitcoin cash price is up more than 5% and it could soon test the $130 level.
Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels.
Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels.
This Technical Pattern Indicates Bitcoin Could Soon Surge Past $11K
Wednesday February 12, 2020
Bitcoin price revered losses and climbed to a new 2020 high at $10,406 against the US Dollar. BTC is now eyeing another bullish wave above $10,500 in the near term. Bitcoin is gaining bullish...
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The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins are also placed nicely above key supports.
Bitcoin Cash Price Analysis
Bitcoin cash price formed a decent support near the $120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $124 and $125 resistance levels. The pair is now trading above the $128 level and it seems like it could soon test the $130 level.
Above $130, the next key resistance is near the $135 level, where sellers might appear. On the downside, the previous resistance near the $125 level may act as a support if there is a downside correction.
EOS, Tron (TRX) and ADA Price Analysis
EOS price traded with a lot of bullish moves in the past few days above the $2.55 resistance. The price recently broke the $2.80 and $2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $3.00 resistance. On the downside, an initial support is at $2.90, below which the price could test the $2.85 level.
Tron price settled below the $0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $0.0240 support, but it is facing a strong resistance near the $0.0250 and $0.0255 levels.
Cardano price is up more than 4% and it settled above the $0.0400 resistance level. ADA price recently broke the $0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $0.0450 resistance in the near term.
This Simple Pattern Suggests the Recent Crypto Rally is Far from Over
Monday February 10, 2020
The aggregated crypto market has been caught within a firm uptrend throughout 2020, with all pullbacks being fleeting and followed by further upside. This momentum has largely stemmed from Bitcoin’s recent bullishness, and in...
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Looking at the total cryptocurrency market cap hourly chart, there was a decent support formed near the $115.0B and $116.0B levels. The market cap started a strong upward move and broke the $118.0B and $120.0B resistance levels. It traded close to the $124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins could find buyers.
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White House Moves Towards Intense Crypto Crackdown, What Will it Mean for Investors?
Tuesday February 11, 2020
Ever since US President Donald Trump shared his thoughts on Bitcoin in a blistering tweet from last July, crypto investors have been nervously anticipating news regarding when the government would start a formal crackdown...
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