Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis
The total crypto market cap is currently correcting higher towards the $268.0-$270.0B resistance.
Bitcoin price is also approaching towards a major resistance near the $10,200 and $10,250 levels.
EOS price recovered more than 5% and it is now trading near the $3.650 resistance.
Ethereum Classic price rallied close to 20% and broke the $7.00 resistance area.
BCH price is back above $305, but it is facing many hurdles on the upside near $320.
Tron (TRX) price is up around 8% and is approaching the $0.0185 resistance area.
These 3 Technical Factors Suggest Ethereum Will Soon Jump Higher, Pass $300
Sunday February 23, 2020
Like most other cryptocurrencies, Ethereum hasn’t had the best past few days. The second-largest cryptocurrency fell off a cliff on Wednesday, plunging from a price just shy of $290 to a price as low...
The post These 3 Technical Factors Suggest Ethereum Will Soon Jump Higher, Pass $300 appeared first on 12bitplay - Bitcoin Play.
Bitcoin (BTC) and the crypto market cap is correcting losses. Ethereum classic (ETC), ICX, tron and IOTA are surging, while BNB, Ethereum, BCH, ripple, litecoin and EOS are facing hurdles.
Bitcoin Cash Price Analysis
After a downside break below the $300 support, BCH price tested the $290 level against the US Dollar. The BCH/USD pair found support and recently started an upside correction. The pair is now trading nicely above the $300 and $305 levels. However, there are many key resistances on the upside near the $315 and $320 levels.
On the downside, the $300 level might act as a short term support, below which the price is likely to resume its decline in the near term.
Ethereum Classic, EOS, Tron (TRX) Price Analysis
There was a sharp increase in Ethereum classic price in the past few sessions from the $5.00 support area. ETC price rallied close to 20% and it broke many important resistances near the $6.50 and $7.00 levels. If there is a downside correction, the same resistances near $7.00 and $6.50 may now act as supports.
Tron price is currently recovering after setting a new monthly low near $0.0165. TRX price is up more than 8% and it is now trading near the $0.0180 level. However, there are many important resistances on the upside near the $0.0185 and $0.0192 levels.
EOS price remained well bid above the $3.350 level and it recently started a decent recovery. The price gained around 5% and it is now trading near the $3.650 resistance. If there are more gains, the price could test the $3.800 resistance in the near term. On the downside, the main supports are $3.500 and $3.350.
Crucial Indicator: Bitcoin’s Parabolic Bull Run to $50,000+ Will Begin Very Shortly
Friday February 21, 2020
Since Bitcoin traders got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more and more and more....
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Looking at the total cryptocurrency market cap 4-hours chart, there was an upside correction initiated from the $250.0B swing low. The market cap recovered above the $260.0B level, but there is a strong resistance waiting on the upside near the $268.0B and $270.0B levels. There is also a crucial bearish trend line forming near $268.0B on the same chart. Therefore, upsides are likely to remain capped in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and IOTA in the near term.
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Top Analyst: Foul Play Pumped the Crypto Market by $66 Billion
Thursday February 20, 2020
Jacob Canfield, a crypto market analyst known for accurately predicting bitcoin’s 2020 price rally, has alleged that there was market manipulation in the trading of altcoins this year. In a video published last week,...
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