Ethereum Gearing For Lift-Off to $150: Rally Isn’t Over Yet
Ethereum is currently trading nicely above the $135 support area against the US Dollar. ETH price is likely to break the $142 and $144 resistance levels for a move towards $150.
Here’s Why Bitcoin’s Bullish Monthly Close Isn’t Enough to Thwart a Massive Selloff
Wednesday April 01, 2020
Following Bitcoin’s bout of consolidation within the mid-$6,000 region, the benchmark cryptocurrency has seen a slight decline that has led it down towards the support that has been established around $6,000. This decline today...
The post Here’s Why Bitcoin’s Bullish Monthly Close Isn’t Enough to Thwart a Massive Selloff appeared first on 12bitplay - Bitcoin Play.
Ethereum is trading in a positive zone above the $135 support against the US Dollar.
The price is currently consolidating gains below the $144 resistance area.
There is a key bullish trend line forming with support near $135 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is also consolidating gains above the $6,500 support area.
Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable
Tuesday April 07, 2020
Ripple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price struggled to gain strength above $0.2025 and it is currently correcting gains. Ripple price is...
The post Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable appeared first on 12bitplay - Bitcoin Play.
Ethereum Price Remains Supported
Yesterday, we saw a decent upward move in Ethereum above the $130 resistance against the US Dollar. ETH price even climbed above the key $135 resistance and the 100 hourly simple moving average.
It gained pace above the $140 level, but the bulls struggled to remain in action near $144 and $145. A swing high is formed near $144 and the price is currently consolidating gains.
Ethereum is trading below the 23.6% Fib retracement level of the recent increase from the $121 swing low to $144 high. On the downside, an initial support is near the $135 level. More importantly, there is a key bullish trend line forming with support near $135 on the hourly chart of ETH/USD.
Below the trend line support, the next support is near the $132 level. It is close to the 50% Fib retracement level of the recent increase from the $121 swing low to $144 high.
Any further losses may perhaps lead the price towards the $130 support level. If the bears gain momentum below $130, the price is likely to accelerate lower towards the $125 level.
On the upside, there are a few key hurdles forming near the $142 and $144 levels. There is also a connecting bearish trend line forming on the same chart with resistance near $140.
If the bulls gain strength above the trend line, there are chances of more upsides above the $142 and $144 resistance levels in the near term. In the mentioned case, the price is likely to continue higher towards the main $150 resistance area. Any further gains could lead the price towards the $158 level.
Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently correcting lower towards the 50 level.
Major Support Level – $135
Major Resistance Level – $144
Is Litecoin Leading the Crypto Market Back Toward 2015 Prices?
Wednesday April 01, 2020
Litecoin is known for often being among the first altcoins to begin to see growth or decline after a period of sideways trading. Following the recent crash that shocked the crypto market, Litecoin has...
The post Is Litecoin Leading the Crypto Market Back Toward 2015 Prices? appeared first on 12bitplay - Bitcoin Play.