Ripple Price In Consolidation Above $0.20: Symmetrical Triangle Bullish and Bearish Scenarios

May 19th, 2020

Ripple holds above $0.20 amid the strengthening bearish grip. XRP/USD could dive to $0.1750 and $0.1500 if the triangle support is broken. Ripple is settling in for consolidation above $0.20. This follows a negative price action from the seller congestion zone at $0.21. The support has been instrumental to the stability in the last couple…

Ethereum Price Analysis: ETH/USD On The Journey Of Breaking Barriers, All Eyes On $220

May 18th, 2020

Ethereum sustains gains within an ascending channel after a recent breakdown to $175 support. The ongoing bullish pressure has encountered resistance at the 61.8% Fibo which must be broken for gains towards $220. Ethereum has embarked on the grand journey of breaking key barriers. Following the freefall to the support at $175 two weeks ago,…

BitMEX CEO Shares a Bullish Tell from the Bitcoin Futures Market? Analyst Points

May 18th, 2020

The futures traders biases are flipping long on Bitcoin [BTC] with conviction at the moment. The funding rate and BTC basis across major crypto exchanges is positive. Arthur Hayes, the CEO of BitMEX derivatives exchanges tweeted on the state of contango in the futures markets as September contracts trades above $10,000. He tweeted, A gunslinger…

Facebook’s Crypto Project, Libra, Adds Singapore Govt. Backed Firm, Temasek

May 15th, 2020

Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm…

Ethereum Price Loses Steam At $200: A Massive Selloff In The Offing as ETH Longs Surge On Bitfinex

May 14th, 2020

Ethereum retreats slightly from the intraday high at $201 to seek a high support. Applied technical indicators send positive signals but low volume hampers price action. Ethereum price followed in Bitcoin’s footsteps stepping above $200. Bitcoin surged to highs close to $9,400 but Ethereum bullish momentum fizzled out at $201. The recovery is happening after…

Cybervein Price Analysis: CVTUSD On Verge Of A Falling Triangle Breakout

May 13th, 2020

Crybervein consolidates above under $0.25 after recovery from last week’s low at $0.01942. The formation of a falling triangle pattern suggests that a breakout is in the offing. Cybervein (CVT) is showing incredible strength against the US dollar. Towards the end of April, the digital asset rallied to $0.0320. However, the bullish momentum remained unsupported,…

Bitcoin VS. Altcoins: Spot Volume and Social Media Sentiments Eclipses the Latter

May 12th, 2020

The spot volume and social media sentiments on Bitcoin are witnessing All-Time High average levels surpassing the interest in altcoins altogether. Bitcoin halving was celebrated yesterday with much vigor across the entire industry. There was considerable volatility in price as well. Mati Greenspan, leading financial and crypto analyst and founder of Quantum Economics, tweeted on the…

Why Bitcoin Halving Can be Good News for the Forks – Bcash and BSV?

May 11th, 2020

Bitcoin [BTC] halving is less than 15 hours away, the run-up to the event in the last couple of weeks have been quite exciting. Reportedly, more than 30% of the BTC mining ecosystem presently employs the S9 miners. Currently, the percentage of total mining hash-rate of BCH and BSV is around 1% of the total…

Top Cryptocurrency Gainers and Bullish Threshold for Ethereum

May 9th, 2020

The rise in Bitcoin [BTC] dominance is now beginning to show signs of reversal with strong rise in a few mid-cap altcoins. The top gainers in the top 50 altcoins with double digit gains have been NEO, IOTA, BAT, Zcash, Ox, and Augur. Moreover, popular crypto trader, Benjamin Blunts (alias) is beginning to see bullish…

Is Ethereum Price Heading To $220 Following Triangle Pattern Breakout?

May 8th, 2020

Ethereum breaks out of triangle resistance but hits a snag at $216. ETH/USD could settle in consolidation around $212 ahead of another attack on the resistance at $220. Ethereum bulls have been keen on sustaining gains above $200 since the breakout in the previous month. ETH/USD hit highs around $227 but immediately plunged to $195….