Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12. Dubbed as “Bull Flag,” the structure emerges as a brief sideways/downward trend following a strong price move higher. As a result, Bull Flags tend to look like downward sloping channels, represented… Continue reading Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high
Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat. After a mixed weekend that saw both a run on $48,000 and a major rejection at that level, Bitcoin is already back, having made up all of its losses. With conditions broadly favorable for continued… Continue reading BTC eyes $50K breakout despite most ‘greed’ since all-time highs: 5 things to watch in Bitcoin this week
The price of Bitcoin (BTC) dropped to as low as $9,100 on May 15 following a strong rejection at $9,900. In the short-term, traders still anticipate another upsurge to the $10,000 area, or at least to the $9,800 resistance level. Crypto market daily price chart. Source: Coin360 Bitcoin at a critical point that may decide… Continue reading Classic Trendline Breakout Sets Bitcoin for $10K Retest, Traders Say
BOSAGORA – a next-generation blockchain – is making waves in the cryptosphere due to both its innovative solution and the impressive growth of its native token BOA which experienced a staggering 279% value increase in Q4, 2019. In early Q1, 2020, BOA is already outperforming its success metrics for 2019. BOSAGORA is a blockchain that… Continue reading The Breakout Blockchain of 2020: BOSAGORA
Bitcoin has been able to find some stability within the low-$9,000 region, which has allowed major altcoins to incur some decent momentum today, with XRP, Ethereum, and other major cryptos all visiting key resistance regions. This rebound has led XRP to push against the $0.25 level, which has long been a strong resistance level for… Continue reading XRP is About to See a Breakout Rally as Bulls Test Key Resistance
Ripple found support near the $0.2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0.2500 resistance to open the doors for more upsides. Ripple price is showing positive signs above $0.2500 and $0.2520 against the US dollar. The price bounced back nicely after testing an important support area near $0.2450-$0.2460.… Continue reading This Technical Breakout Suggests Ripple (XRP) Could Rally To New 2020 High
Bitcoin price has been trapped within a powerful downtrend that’s cut the leading cryptocurrency by market cap’s value by nearly 50% over the course of the last few months. Coinciding with the downtrend, Bitcoin’s Relative Strength Index has been confined below a decreasing trendline that the cryptocurrency has now broken out of, suggesting that a… Continue reading Bitcoin Price RSI Breakout Could Target $9K Short-Term
Resistance levels: $9,007, $9,480, $10,001 Support levels: $8,608, $8,233, $7,812 BTC/USD Medium-term Trend: Bullish On the medium-term outlook, BTC/USD price is increasing. Last week, BTC price was consolidating within the range of $7,812 and $8,233 levels. On May 26, the coin made a breakout towards the upside on the 4-hour chart with the formation of… Continue reading Serious Bull/Bear Battle: Bitcoin Awaiting Breakout to $9k Or Decline to $8,200
I want to have a closer look at bitcoin technical analysis and the levels that are important to keep an eye on over the next few weeks. Bitcoin is up 45% since I posted an article back in February about how I think the tide is turning. Prices have been mirroring the 200-day moving average… Continue reading Bitcoin Price Analysis – Are We Heading for a Breakout or a Fadeout?
Ripple (XRP) is closer than ever to its biggest breakout in months. The daily chart for XRP/USD shows the price trading close to the trend line resistance having already tested it today. Ripple (XRP) started the day by shooting off against Bitcoin (BTC) but was soon stopped at the trend line resistance and is now… Continue reading Ripple (XRP) Closer Than Ever To Its Biggest Breakout In Months
Supply zones: $0.32, $0.34, $0.36 Demand zones: $0.30, $0.28, $0.26 XRP/USD Medium-term Trend: Ranging On the medium-term outlook, XRP/USD is on the ranging trend. On February 25, the bears took over the XRP market by forcefully pushed the XRP price from the high of $0.34 towards $0.32 price level. The bearish pressure broke down the… Continue reading XRP Price Update: Currency is Gathering Momentum for Bullish Breakout
Ripple (XRP) has done really well in the past few days when the rest of the market had succumbed to sell pressure. It did a lot better than Bitcoin (BTC) and has still declined less than 1% while most cryptocurrencies are down more than 2%. This confirms our view that Ripple (XRP) is poised for… Continue reading Ripple (XRP) Bulls In Control Before The Biggest Breakout In Months
Market Wrap The crypto market tedium continues as the weekend rolls into Sunday. There has been no movement whatsoever for most cryptocurrencies over the past 24 hours and pretty much the past seven days. Total market capitalization is still cemented at $130 billion. Bitcoin hasn’t even made it to its resistance at $3,900 which could… Continue reading Crypto Market Wrap: The Tedium Continues, When Can We Expect a Breakout?
Ripple (XRP) is on the verge of a major breakout that could see the price rise or fall hard in the days ahead. The reason behind this uncertainty is that while XRP/BTC remains bullish, the rest of the market does not show enough signs for a sustained bullish momentum. In other words, even if other… Continue reading Why Ripple (XRP) Is On The Verge Of A Major Breakout
A Bearish trend has hit the markets over the last few days, overpowering the Bullish trend that had been put up by the various Altcoins. This has seen most coins turn red on the technical analysis charts. For Ripple, Stellar and Binance Coin, there was a sharp nosedive over the last few days. This same… Continue reading Crypto Market Analysis: XRP, Stellar (XLM) and Binance Coin (BNB), Bullish Breakout Imminent
XLM/USD Price Medium-term Trend: Bearish Resistance levels: $0.10, $0.12, $0.13 Support level: $0.09, $0.07, $0.05, The XLM price is bearish on the medium term. The coin bottomed at the support level of $0.10 on December 7. The bulls resisted further downward movement, XLM price was pushed up, broke above the resistance level of $0.12 (the… Continue reading Stellar Lumens Price Analysis: XLM Is On The Verge Of a Bullish Breakout
Willy Woo, an early Bitcoin investor, and popular cryptocurrency personality have reaffirmed his stance on where Bitcoin is headed in the nearest further. The investor has joined a few other analysts to reveal that although the bearish market may be in total control at the moment, Bitcoin is gathering enough momentum to enable it to… Continue reading Willy Woo: ‘Bitcoin is balancing, I’m curious to see where everyone is at on the eve of the next breakout’
Stellar (XLM) is on the verge of its most awaited breakout against Bitcoin (BTC). The past few months had us believe that XLM/BTC had already broken out of the symmetrical triangle but that proved wrong. However, the price has been trading above its long term trend lien and has not breached it even once. Now,… Continue reading Stellar (XLM)’s Most Awaited Breakout Is Only Weeks Away Now
Nigel Green, the CEO and Founder of deVere Group has spoken out about Bitcoins capacity to embark on a global level breakout, one that will see Bitcoin hit a new all time high and continue to climb, exceeding international expectations and making a lot of people very rich in the process. Green believes this is… Continue reading Is Bitcoin Really On The Brink Of A Mass Breakout?