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After Friday’s pullback, failure to revisit the yesterday’s highs would leave the majors under pressure.
Ethereum Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA....
Now when the price is still at the lows, we also have to be aware of a bearish continuation within wave (3) which can push the price even down to 0.50 area or lower.
Following a mixed session on Thursday, the majors would need to revisit Thursday’s highs to avoid a pullback.
The Royal Monetary Authority (RMA), Bhutan’s central bank, is partnering with Ripple to launch its central bank digital currency (CBDC). The RMA intends to improve its financial inclusion among...
XRP rebounded today as the coin battles to reclaim $1. Against BTC, it found support at the 100-day MA around 2100 SAT.
Following Wednesday’s rebound, the majors would need to avoid the day’s pivot levels to support another bullish day ahead.
It was another bearish day for the majors on Tuesday. Failure to move through the today’s pivot levels would likely deliver heavier losses, however.
Following Monday’s sell-off, it’s been a bearish start to the day. Failure to move through the day’s pivot levels would leave support levels in play.
During the marketwide pullback, XRP fell below $1 as the important 200-days MA resistance comes into play.
Ripple price started a strong decline from the $1.12 resistance against the US dollar. The price is now trading below $1.05 and the 55 simple moving average (4-hours). There was a break below a key...
Following Sunday’s pullback, the majors will need to move through the day’s pivot levels to support a bullish start to the week. Failure to do so would leave support levels in play.
Following another day in the deep red, the major will need to move through the day’s pivot levels to restore confidence and avoid heavier losses.
Ethereum Ethereum is up by a small 1.2% over the past week of trading as the cryptocurrency currently sits at around $3450. The coin reached support at $3205 (.5 Fib) last Friday and started to...
Following Thursday’s losses, the majors will need to move through the day’s pivot levels to avoid a larger pullback on the day.
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