Bitcoin Ready to Resume Uptrend, Ethereum, Ripple, EOS, NEM Grow Slightly: Price Analysis, August 2



Bitcoin and altcoins consolidate and are ready to resume their uptrends

Hello everybody. This is Andrew Strogoff and we are starting off again. The crypto market finally tries to reverse its tendency from negative to positive. All the major cryptos (or almost all of them) attempt to change the situation. Those attempts are “shy” but they mean cryptocurrencies are ready to resume their uptrends.

As for the news, I have some interesting ones for you. The first one comes from Morgan Stanley, famous US bank, which hires former Credit Suisse banker to run digital assets department. This news is a good signal for the cryptocurrency market as it shows the growing adoption of coins and tokens.

The latest survey shows that cryptocurrencies become more and more popular. You can book a hotel or pay for a video game, for example, using coins. Latest reports show that one-third of employees are ready to receive salary in cryptocurrencies.

Bitcoin (BTC/USD) ready to fly?

You might know that I’ve been bullish the whole July. I believe that the cryptos are going to grow in the nearest future to establish new highs. And if we look at Bitcoin’s chart, we can see that it is looking promising currently as BTC price slightly goes upwards, meaning the beginning of the correction.



Bitcoin has tested the support area at $7,565 on Wednesday and retreated from there. BTC price went towards the next resistance area at $7,734 later and almost reached my Wednesday’s targets. I could say that everything is going according to my plans, but there is one thing that makes me a bit nervous.

I see the bearish flag on the four-hour BTC/USD chart. If this pattern is vital, BTC price is likely to develop its decline towards the next support area at $7,341 at least.

As for my targets, I set them at the resistance area at $7,949. I believe BTC price is going to reach them (in the case of the bullish scenario) within a couple of days.

Ethereum (ETH/USD), no significant changes

Ethereum stays close to the support area at $417.28 and there were no significant fluctuations on Tuesday. Ripple has made positive changes for nearly one percent in the past 24 hours. However, I think that it looks very promising currently. Why?



The main reasons for my bullish expectations are the fact that Ethereum has reached its lows and has met the strong support at $417.28. I think that ETH/USD is likely to start a correction from there. Moreover, I expect the currency pair to start the uptrend from those levels targeting the resistance at $453.24 at least.

Ripple (XRP/USD), an attempt to start the uptrend

Ripple has made almost three percent in the past 24 hours. The currency pair seems to end its bearish tendency as we had clear growth yesterday. My plans for Ripple are still actual and I have some confirmation of further growth.



Ripple has tested the support area at $0.4232 and went upwards later. The currency pair reached the resistance area at $0.4495 but failed to jump over it. XRP/USD started its local correction to that upside momentum later. As I have previously written, I have a confirmation signal there meaning I see a bullish flag on the four-hour chart. My target for the next couple of days is set at the resistance area at $0.4744.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 2

Bitcoin, Ethereum, Ripple, EOS, NEM Suffer Losses, Uptrend Delayed: Price analysis, August 1



Bitcoin and altcoins fall as bulls lose power

Hello, dear readers. This is Andrew Strogoff again and I have some bad news for buyers! Bears have breached bulls’ lines and pushed the market lower. I am far from thinking that the downtrend will last for long but currently it has some room to develop.

As for the news, I have found nothing bad, that may affect the market negatively. This means that the decline may be the result of technical correction. However, I have some interesting releases for you to read.

The first news comes from the Block.one EOS team. They have released their Demux software allowing databases to receive direct updates from the main network. The main idea of this software is to make it easier to create decentralized applications.

Another great news comes from the US. Madonna, famous pop star starts a new fundraising campaign that involves Ripple. Her aim is to help Malawian orphans.

Bitcoin (BTC/USD) looking for support

The situation has changed significantly on Tuesday as BTC/USD declined. The currency pair has lost more than six percent in the past 24 hours. Now buyers are trying to give support to Bitcoin, but bears are too strong and it is not easy to do it.



Bitcoin has broken through several support areas on Tuesday including $7,949, $7,734 and $7,565. BTC/USD fluctuates below $7,565 currently. The currency pair stays below $8,000 which is not good for buyers as they were unable to develop their success or to hold positions.

Anyway, I think that bears still have some power to push the currency pair lower. I believe Bitcoin will fall towards $7,341 before starting its correction towards my target. By the way, I have re-established my target lower. Now it is at $7,734.

Ethereum (ETH/USD) bears push it lower

Ethereum has lost more than seven percent in the past 24 hours. The news is bad as bulls now face hard times. The good news is that this downtrend has no fundamental reason, meaning it won’t last long. I think that we will have an upside correction in the nearest future at least.



Ethereum has broken through several support areas including $453.24 and $431.42. It fluctuates close to the next support area at $417.28. ETH/USD is close to its monthly lows and I think that currency pair has almost no room for further developing of the downtrend.

My trading idea for today is the following– the currency pair is likely to start growing targeting the resistance area at $453.24.

Ripple (XRP/USD) suffered losses, correction on the way

Ripple suffered losses on Tuesday but they were non-significant. The currency pair has lost less than three percent. XRP/USD is close to the monthly lows meaning we are close to the correction.



Ripple is close to the support area at $0.4232. The currency pair has almost reached monthly lows and I think that bulls are likely to counterattack in the nearest future. I have changed my targets and laced them closer to the current price. I believe that the cryptos will reach higher targets but I’m a realist and we have to get closer targets first.

I hope the currency pair will reach $0.4744 in the nearest future. This is my closest target for the next couple of days. As for bearish pressure, I don’t think that sellers have power to push Ripple below monthly lows.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 1

Bitcoin Flat, Ethereum, Ripple, EOS Suffer Losses: Price Analysis, July 31



Bitcoin is flat, altcoins fall, but the situation still remains bullish

Hello, dear readers. This is Andrew Strogoff. Bitcoin and altcoins still fail to reach my targets. BTC/USD remains in flat while the altcoins suffer some losses. As you may understand, there are no important events currently that allows the crypto industry to make no steps.

As for the news, I have some interesting releases for you. They are not influencers, but I think you may be interested in these events. Social media stars use cryptocurrencies. Are you surprised? So was I when I read about Kim Kardashian’s first Bitcoin experience. To tell you the truth, she was not using a digital wallet or something like that. Kardashian played poker and had two physical coins on the table. However, I think that even such an appearance is a good promo for the most popular cryptocurrency.

Bitcoin price (BTC/USD) makes no gain

Bitcoin has lost almost nothing in the past 24 hours making no gains as well. The result is -0.67 percent, which indicates on a tight range. The currency pair has broken through the ascending trend line meaning the uptrend is paused currently.



I think that BTC/USD still looks upwards. Why? Because it is not falling and stays close to $8,193 meaning the currency pair is ready to resume the uptrend in the nearest future. However, currently, to reach my targets, Bitcoin needs to jump over the resistance area at $8,193 and the next at $8,560.

I’m still bullish on BTC/USD, but I think it is time to be patient and wait for opportunities. Bitcoin, by the way, looks far better than its altcoin competitors.

Ethereum (ETH/USD) prepare for uptrend

Ethereum still has troubles to resume the uptrend. The currency pair has lost nearly three percent in the past 24 hours meaning the upside tendency is delayed. The currency pair looks neutral at the moment. It is testing the support area close to the local lows.



Well, I personally think that the situation here is far from being tragic. Ethereum is close to its lows, but those lows make a serious support for the currency pair and some extraordinary events are needed to allow ETH/USD to break it through.

I still have the same targets for Ethereum at $500.36. I’m even persuaded that ETH/USD has even better perspectives in future. However, now it is time to wait as Ethereum is flatting within the range, limited by the support area at $453.24 and the resistance $473.39.

Ripple (XRP/USD) close to its local lows, price analysis, July 31

Ripple has lost more than three percent in the past 24 hours. The currency pair is neutral and is close to its local lows. This is the moment of truth for the Ripple as this support is supposed to be very strong. However, if bears break it through, they will be able to push XRP/USD lower.



I still believe in Ripple, as I believe in other cryptos and mostly in Bitcoin. I think that they look promising, but time is needed. Ripple is close to its local lows as I have already mentioned and the currency pair is likely to jump off this area. I don’t think that bears will be able to jump over those lows.

My targets are still above. I think that Ripple is able to reach $0.5088 level in the nearest future. Not on Tuesday, that’s for sure, but for this week, I think it is a reachable target.

Take a look at EOS (EOS/USD) Price Analysis, July 31

Bitcoin, Ethereum, Ripple, EOS, NEM Flat, But Pairs Preparing to Reach Targets: Price Analysis, July 30



Bitcoin and altcoins are flat, no direction is clearly seen

Hello, this is Andrew Strogoff again and today we are going to look at what is happening on the crypto market. This weekend that has ended already, had no interesting events at all. Fluctuations were weak, had no clear direction.

My targets still remain the same as the price is still far from them, but it doesn’t mean they won’t be reached. Moreover, I expect the currency pairs to be there this week. Anyway, I hope for significant fluctuations in the next couple of days.

As for news, the fundamental background is calm. There is nothing important to shake the markets. However, some events and news may be interesting for you. The Poloniex exchange risks its reputation and business at all as the famous trading place neglects users complaints. Many clients say that this exchange freezes their accounts. The US regulatory authority steps in.

US lawmakers see the importance of cryptocurrency regulating and are one step closer to realize their plans. The US is one of the countries that adopt Blockchains and cryptocurrencies but want this market to be strictly regulated to avoid frauds.

Bitcoin (BTC/USD) low volatility

Bitcoin had no clear direction during the weekend and fluctuated along the ascending trend line. We have still the uptrend as BTC price is above this trend line. I think that bulls are going to take control in the nearest future.



Let’s get a closer look at the four-hour chart. BTC price has several times tested the resistance area at $8,193 but still remains below this level. However, I think that buyers will break through it in the nearest future. Currently, I expect BTC/USD to reach my target which is at $8,824 resistance area.

Before this happens, Bitcoin will have to break through the $8,560 resistance area. This may happen anytime once volatility rises and bulls take control of the market.

However, this flat may last longer if the ascending trend line will be broken. BTC price is likely to move towards the support area at $7,949 in this case.

Ethereum (ETH/USD) prepares for the uptrend

Ethereum develops its consolidation as there is no clear tendency currently. The currency pair decreases volatility on falling volumes, but this may be a sign of future significant fluctuations and huge trend. I still think that bulls will take control over Ethereum and drive it to my targets at least.



Ethereum stays within the range, limited by the resistance area at $473.39 and the support at $453.24. The currency pair had no significant fluctuations during the weekend. It forms a kind of a triangle currently. I still expect ETH/USD to resume the uptrend and to reach my targets which is at $500.36. I personally think that bulls have such an opportunity to regain control.

While the market is floating between the two levels, you can also try to open long trades at the support area selling the currency pair when it is close to the resistance.

Ripple (XRP/USD) preparing for a boost

Ripple has made almost no gains and no losses in the past 24 hours. Fluctuations during the weekend were flat, no tendency is currently seen. However, I think that the uptrend is on the way. Bulls just need some more fuel to resume it.



Ripple stays below the resistance area at $0.4744. It is testing the support area at $0.4495 in the moment of writing. The currency pair is likely to jump off this level and to resume the uptrend in the nearest future, I think.

I expect XRP/USD to reach my targets this week. The currency pair is likely to touch the resistance area at $0.5088 according to my trading idea. However, Ripple will need to break through the closest resistance at $0.4744 first.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 30

Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26



Bitcoin and altcoins corrected on Wednesday, ready for another upside burst

Hi there. Andrew Strogoff is with you again and we are going to dive into the crypto analysis right now. As you may see, there was almost nothing interesting on Wednesday as the currency pairs that I review here are in correction. However, this correction is almost done and I believe that we are on the eve of another bullish run in the nearest future.

What is going on in the crypto world? Nothing to change the price significantly, but some events are worth your attention. Google integrates Ethereum into their cloud platform. The community is excited about this news as it gives more perspectives to the Ethereum platform as well.

Another interesting news comes from the US. 2020 US presidential candidate started to accept donations in cryptos meaning Bitcoin and “friends” have wider adoption currently and may have larger support in future especially if Andrew Young becomes US President.

Bitcoin (BTC/USD) refueling stage is almost over, new upside burst is on the way, price analysis, July 26

Bitcoin has lost almost two percent in the past 24 hours. The currency pair is in its correction phase currently but nearly ends. I believe that BTC/USD is going to resume the uptrend in the nearest future.



Bitcoin has almost reached the resistance area at $8,560 on Wednesday but retreated from there as bulls were unable to run the currency pair higher. Moreover, BTC/USD has started a correction and reached the support area at $8,193. Bears are unable to develop this correction and I think the uptrend is likely to resume on Thursday.

My targets are the same as I think Bitcoin is likely to develop the uptrend targeting the resistance area at $8,824. This is my target for the next couple of days. However, BTC/USD needs to break through the resistance area at $8,560 first.

I think many of you are wondering whether the downtrend is possible? The probability of this scenario is low, I suppose. The uptrend seems to be strong.

Ethereum (ETH/USD) correction stops as bulls are ready for an assault, price analysis, July 26

Ethereum has lost a little in the past 24 hours, but the uptrend is still actual. There was a correction on Wednesday but it almost over and the currency pair is ready to resume the uptrend. Anyway, I believe that bulls are going to double their efforts in the nearest future to break bears resistance.



Ethereum has reached the support area at $473.39 on Wednesday within the correction framework but failed to move lower and I see a good sign here. Bulls have build a wall at this level, which supported the currency pair from further decline.

What my targets are? I think that ETH/USD is going to reach the resistance area at $500.36. The currency pair is able to move even higher, but let’s be realistic. We have to test July’s highs first before the price will be able to go higher.

Ripple (XRP/USD) is ready to resume the uptrend, price analysis, July 26

Ripple corrected on Tuesday and consolidated on Wednesday with almost no gains no losses. I think that the currency pair is ready to resume the uptrend in the nearest future. Bears seem to be unable to change the situation in their favor.



We have reached the support area at $0.4495 again on Tuesday, but bulls counterattacked and gained momentum. XRP price is above this support area currently. My targets are well above at $0.5088. I believe that we are going to have the uptrend resumed in the nearest future.

However, the price has to break through the closest resistance at $0.4744 before reaching my target. Can bears revert the situation? I am far from thinking this. Bulls are strong currently and are able to gain new aims.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 26

Bitcoin, Ethereum, Ripple, EOS, NEM Have New Targets On The Way Up, Price Analysis, July 25



Bitcoin and altcoins resume their upside tendencies, new tops on the way

Hello, my dear readers and subscribers! This is Andrew Strogoff again and we are going to make another interesting trip to the world of cryptos. The whole board of the top 20 is on its bullish run and my targets are very close to the current prices.

The crypto industry has positive moods in the moment of writing and I think traders and investors will preserve it for a while at least. I suppose that investors are sick and tired of plating the second role and now they have control over the market.

As for the news, I have some interesting data for you. First, I would like to introduce the opinion of Brian Kelly, famous CEO of BKCM. He thinks that Bitcoin is far from its midterm tops and is going to develop this upside tendency in the nearest future.

Another interesting news comes from McAfee. This famous ICO promoter decided to launch his own MacAfeeMarketCap.com website, which is going to compete with another famous website in this industry.

Bitcoin (BTC/USD) carries the whole crypto market upwards, price analysis, July 25

Let me start with Bitcoin. BTC/USD has added almost six percent in the past 24 hours and I am far from thinking that this cryptocurrency is going to sing Jim Morrison’s famous “The End.” However, I think that BTC/USD needs to visit a gas station before developing its uptrend.



The currency pair has reached my targets on Tuesday and went even higher as BTC/USD reached $8,000 and overcame this level. Bitcoin is currently above $8,300. The currency pair failed to reach $8,560 resistance area.

I think that BTC/USD is going to start a downside correction currently to reach the support area at $8,193 first before going higher. My targets are set at $8,824. However, Bitcoin may be even more active in the next 24 hours and hit higher aims.

Ethereum (ETH/USD) still on the way to my targets, price analysis, July 25

Ethereum makes new gains and ETH price is going towards my targets finally. The correction was a bit deeper but I have indicated on the hammer bullish pattern yesterday and those who bought after it, could have profits as well.



Anyway, this downside correction is done finally and Ethereum is close to $500 again. The currency pair has broken through the resistance area at $473.39 on Tuesday. I have not changed my targets as ETH price still heads towards $500.36. I think that this aim is going to be reached on Wednesday-Thursday.

Are there other scenarios? I’m far from thinking that Ethereum is going to decline and start a downtrend. However, the price may correct towards the closest support area at $473.39 before reaching my target.

Ripple (XRP/USD) the rocket flies to my targets, July 25

Ripple is another gainer of Wednesday as the currency pair added almost four percent in the past 24 hours. As you may see, XRP/USD goes straight to my target and I think it is going to reach it in the next 24-48 hours. The uptrend is confirmed as the downside correction has ended already.



Ripple has reached its lows on Monday-Tuesday but then the currency pair went upwards and is currently trading above the support area at $0.4495. I think that XRP/USD has enough fuel to develop this upside progress and to reach the closest resistance area at $0.4744 at least on Wednesday.

My targets are even higher as I think Ripple will touch the resistance area at $0.5088 in the nearest future. The downside corrections are also possible, but I am far from thinking that they are going to be deep.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 25

Bitcoin Gains Momentum As Investors Run From Ethereum, Ripple, EOS, NEM, Other Altcoins: Price Analysis, July 24



Bitcoin develops its uptrend as a reserve crypto while other cryptos are in deeper correction

Hello to all my readers. This is Andrew Strogoff again and we are going to take off with our cryptocurrency analysis. Unfortunately, we still have to wait for the targets to be reached. I established them on Friday, but Ethereum, Ripple, EOS and NEM still avoid to meet them.

However, Bitcoin seems to take force. This let me say reserve cryptocurrency goes higher and higher establishing new heights. I think the main reason is the runaway of investors from altcoins into Bitcoin.

As for the news, there are a couple of events I would like to share with you. The first one is the ban of mining that is going to be launched in Xinjiang Uyghur autonomous Chinese province on September. China is known for its banning of crypto-related activities. However, the government states that the Blockchain technology is promising.

The US Chamber of Commerce recommends the SEC to hold ICO’s by the throat meaning some more serious measures are required to regulate this industry.

Bitcoin (BTC/USD) the lonely hero in this cryptocurrency industry, price analysis, July 24

Bitcoin is the only currency pair that develops its uptrend from the top 20 currently. I think that this is due to the runaway from the altcoins as there is a huge money inflow into BTC/USD. I think that the currency pair is likely to develop its uptrend in the nearest future and may take the altcoins aboard.



My targets were reached again, but I think that BTC/USD aims for higher targets currently. The currency pair has tested the resistance area at $7,734 and went higher. It aims at the next resistance area at $7,949, where my green rocket is.

Why do I think Bitcoin looks promising currently? The first reason is that BTC/USD is the lonely gainer. The currency pair benefits from altcoins deeper corrections as investors are running away from other cryptos. Moreover, there are no reasons for the market to fall.

Ethereum (ETH/USD) still needs some more fuel to fly, price analysis, July 24

The currency pair developed its deeper than expected correction on Monday frustrating my expectations. I saw ETH/USD rising after testing the support area at $453.24. However, ETH price went upwards and retreated from the resistance area at $473.39



What are my next thoughts on the currency pair? I think Ethereum is going to resume its uptrend in the nearest future. This kind of range fluctuations between the two levels in coming to the end already. I also think that ETH/USD is likely to reach the next resistance area at $500.36 in the next couple of days.

What do I see currently on the four-hour chart? There is a kind of bullish hammer candlestick pattern, which I suppose is a signal indicating the price may grow in the nearest future. However, the price resides slightly below $453.24 level and needs to go above before developing upside progress.

Ripple (XRP/USD) has a deeper than expected correction, price analysis, July 24

Ripple goes in the opposite side from my targets but I still believe XRP/USD is going to reverse in the nearest future to reach the goals I have set on Friday. The currency pair develops a deeper than expected correction, but I think it is near its end.



As far as you can see, the currency pair is close to its local lows meaning we can see a reverse soon. I am far from thinking that the crypto market is going to develop downtrend as there are no reasons for it. New Chinese bans have almost no impact on price as market participants have an immunity to it already.

As for targets, I still think that the currency pair is going to reach $0.5088 in the nearest future. However, this task is a bit hard currently as Ripple needs to break through several resistance areas, which are on the way to my target.

Take a look at EOS (EOS/USD) Price Analysis, July 24

Bitcoin, Ethereum, Ripple Correction Over, Bulls Ready for Run: Price Analysis, July 23



Bitcoin and other cryptos seem to be preparing for bull run

Hey everybody. This is Andrew Strogoff and we are going to make a brief review of what is happening with the crypto market today. The whole top 20 is green, but the gains are small. There was a correction as I have expected on Friday, but it was even deeper than predicted. Currently, cryptocurrencies seem to be preparing for a bullish run.

As for the news, there is still nothing to influence prices significantly. However, I want you to pay attention to some interesting facts. You probably know that India has recently banned cryptocurrencies. The local cryptocurrency community has turned to the court in order to solve the issue. Hearings were planned for summer, but they were postponed according to the latest news.

Another interesting event comes from Italy. One of the universities in this country is going to issue degrees on Ethereum Blockchain. This news is important for the community as this is one of the first steps to adopt the technology in this country.

Bitcoin (BTC/USD) ready to develop the uptrend, price analysis, July 23

Bitcoin has small gains on Monday as the currency pair has added around three percent. However, I think that the most interesting is on the way as BTC/USD is close to my targets again. The currency pair has reached them on Friday already but retreated. I think that Bitcoin is ready to develop the uptrend.



Bitcoin has reached the resistance area at $7,734 on Friday, but as I have already mentioned, bulls were unable to develop their progress. BTC price retreated to the support area at $7,341 and then went upwards to $7,565.

I think that the main scenario for today is bullish. My idea is the following: BTC/USD is going to reach the resistance area at $7,734 on Monday and will continue to grow even higher. Bitcoin looks very promising at the moment and bulls seem to gain momentum again.

Ethereum (ETH/USD) same targets different day, price analysis, July 23

Ethereum makes small gains on Monday but I think that the show is just beginning. There was a correction during the weekend according to my expectations, but it was even a bit deeper as it supposed to be. However, I think that bears enjoyed it enough as the current situation indicates the probability of further growth.



I still have the same targets on the four-hour chart as I think that ETH price will reach my green rocket before going higher. Ethereum has reached the support area at $453.24 as I predicted, but the correction was even a bit deeper. However, the currency pair is currently above this level and I think Ethereum is going to run higher in the nearest future.

My target is at the resistance area at $500.36. The currency pair will have to break through the closest resistance at $473.39 in order to get it. However, I have even better plans for Ethereum once the currency pair reaches my main target.

Take a look at Ripple (XRP/USD)price analysis, July 23 here

Bitcoin Small Gains While Ethereum, Ripple, EOS, NEM Lose Momentum: Price Analysis, July 20



Bitcoin up, other cryptos down, those are the results of Thursday’s price fluctuations

Hello, everybody. This is Andrew Strogoff and we are going to take off again. Bitcoin is a single crypto from this five to make small gains in the past 24 hours. The others develop their corrections, which are even deeper than I thought previously.

However, as I can see now, the market is still bullish and once investors gain volumes, they will be able to make another bullish run towards new targets.

As for the news, there is still nothing to fuel trends, but I think I can share with you some interesting ideas. First, EOS has a confirmation of 2,822 transactions per second which is much higher than at Bitcoin and Ethereum networks. This figure surpasses even Ripple network results. It is to mention that transactions speed has reached 2,000 operations per second just a couple of days ago.

Another interesting news comes from WEX exchange. They have started to perform a repair works and suspended all withdrawals. The most interesting thing there is that WEX has higher cryptocurrency rates than other exchanges. BTC’s price, for example, was around $9,200 there but went downwards and reached $8,700.

Bitcoin (BTC/USD) crypto reserve currency feels well and targets new high, price analysis, July 20

I personally love to call Bitcoin a reserve crypto in this industry as it reminds me of USD in the world of fiat money. The majority of transactions is conducted in BTC and at the moment I see that investors are running from altcoins and fuel Bitcoin price.



Bitcoin has reached the support area at $7,341 on Thursday but failed to develop this correction and moved higher. I think that there are two reasons for that. The first one means that bulls have ended a correction and have started off for new tops. The second is that investors are running away from the altcoins via BTC/USD.

Anyway, I think that BTC/USD looks promising currently and I have some targets above current levels. As you can see, BTC price is above the ascending trend line meaning bulls have control over the market. My trading idea for the next couple of days looks the following: BTC/USD is likely to break through the resistance area at $7,565 and move higher targeting the next resistance at $7,734 where the green rocket is.

If any alternative scenario possible? I think yes, as we don’t know whether investors are running from altcoins or from the whole board of cryptocurrencies. We will see it soon.

Ethereum (ETH/USD) deeper correction is developing, price analysis, July 20

Ethereum loses momentum as we had a negative tendency in the past 24 hours. I’m far from thinking that this upside tendency that we have seen at the beginning of the week is done, but the correction seems to be deeper than predicted.



Ethereum has reached my targets at the beginning of this week, but then reversed and moved lower. The currency pair has reached the support area at $473.39 and seems to break through it. I think that the currency pair is able to reach another support area at $453.24 before going higher. However, this reverse may happen even before touching this level.

In my personal opinion, Ethereum has targets higher at $500.36 at least. However, ETH price will reach them in a couple of days. I am almost persuaded that this bullish holiday will go on. However, currently, it is hard to be 100 percent sure in this.

Ripple (XRP/USD) bears gain momentum, but bulls are still on guards, price analysis, July 20

Ripple develops its bearish correction as well. The currency pair reached my targets at the beginning of this week, but reversed later and moved lower. I’m far from thinking that this is the end for the bullish trend, however, I have an idea, that XRP price is likely to move a bit lower before taking off.



As far as you can see, I have set lower targets as compared to my previous review. It does not mean that I have changed my opinion, but I think we have to reach those targets first before going higher. I see no signals currently and I think it is time to pay more attention to the level.

My main trading idea is the following: I think Ripple is going to reach the support area at $0.4495 before going higher. I recommend, by the way, to pay attention to the situation when XRP price reaches this level. Any reversal price action signal like a hammer or engulfing (or even doji) will be good signs for bulls.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 20

EOS Achieves 2822 Transactions Per Sec (TPS), Surpassing BTC, ETH, XRP

Just recently the EOS Blockchain has broken a record of 2,000 TPS, reaching over 2,800 and now it is about to achieve a new all-time high. 3,000 operations per second level is about to be taken soon, some believe.

If we compare the current scalability of EOS with the speed of BTC and ETH, then these two currencies are way behind. BTC is capable of just seven transactions per second and ETH– 15. XRP can do way more, 1,500 TPS, but it still cannot compare with EOS and its 2,822 TPS.

Read more

Bitcoin, Ethereum, Ripple, EOS, NEM Correction Needed Before Further Bullish Trend: Price Analysis, July 19



Bitcoin and altcoin bulls need more power, bears turn to take control

Hello, everybody! This is Andrew Strogoff and welcome to the trip to the world of cryptos and analysis. Today’s review is a weekly one and we are going to look through the daily charts and midterm tendencies.

The current situation on the cryptomarket is bullish I think as investors cling to Bitcoin and altcoins adding to their price and capitalization. Bitcoin and its rivals have started to grow last week and they look promising.

I would like to suggest a couple of news to you as I think they are interesting. The crypto market spreads its influence as more companies pay attention to Blockchain technology. Mastercard, for example, wins patent to conduct crypto transactions on bank cards.

Billionaire investor Marc Lasry sees big perspectives in Bitcoin and predicts that the price of the cryptocurrency is able to reach $40,000 in the nearest future.

Bitcoin (BTC/USD) the currency pair is ready for further growth, but correction comes first, price analysis, July 19

Bitcoin looks pretty good on the hourly chart. BTC price, as you may see is above the descending trend line and I am almost sure that BTC/USD is likely to develop its growth. Bulls look very strong. Bitcoin has started to grow last week but it is time for the currency to start a correction.



As far as you can see, the currency pair has broken $6,757 resistance area and is trading above $7,000 at the moment of writing. I think that this upside tendency is likely to develop in the nearest future, but I also suppose that further growth is impossible without a downside correction.

My main scenario looks the following. Bitcoin will decline towards the support area at $6,757 first. This is my target for the next week. Why do I have such an idea? If you pay attention to the marked area, you can see a clear Shooting Star candlestick pattern. What does it mean? It is a price action signal for a decline.

I also think that this temporary downside tendency will be broken at $6,757 as this is a strong level, which was tested from below several time before being broken. The next target is higher, but this is a matter of a couple of weeks I think.

Ethereum (ETH/USD) this rocket needs more fuel to fly, price analysis, July 19

ETH/USD started its upside tendency last week and I think the currency pair is going to develop it in the midterm. However, I also think that the fuel is needed for that as buyers are out of power currently. The currency pair looks very promising currently but ETH/USD is likely to go downwards first.



Ethereum has reached new local highs on the daily chart and failed to establish new lows. I see a good sign here as investors seem to be ready to change the situation. ETH/USD touched the resistance area at $495.89 on Tuesday but then retreated below it.

I think that this is logical and natural according to the technical analysis. The first target for the next week is the support area at $427.24. This support is strong as it resisted a couple of bearish attacks already. The next target for midterm lies above the current price at $569.72.

Ripple (XRP/USD) the fuse is lit, price analysis, July 19

Ripple, one of my favorite ones feels good as the currency pair started its growth last week and developed this upside tendency currently. Ripple looks very promising as other altcoins. However, this rocket needs fuel.



Let’s pay attention to the daily chart. What do you see there? I see a clear correction on the way. This is why I have drawn this orange line towards the support area at $0.4372. The currency pair has tested the resistance area at $0.4908 but failed to move higher. This indicates on the inability of bulls to develop the uptrend without the downside correction.

What is going to happen next? I see the following situation. XRP/USD is going to jump off the support area at $0.4372 and resume its uptrend. The rocket is likely to break through the resistance area at $0.4908 and fly higher to the sky.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 19

Bitcoin, Ethereum, Ripple, EOS, NEM Appetites Rising, Investors Rushing Into Coins: Price Analysis, July 18



Bitcoin and altcoin buyers smashed bears, coins make significant gains

Hey, mates. This is Andrew Strogoff again and today we are going to discuss Bitcoin and several altcoins. As you can see, the situation on the crypto market looks promising as many new investors have jumped into this leaving bullish train, which picks up speed and is almost ready to take investors to the moon.

I have thoroughly read the news but I found nothing that could be a reason for such a huge momentum. I think that the main reason for this growth is that investors are bored of this downtrend and want some money that they can make on the uptrend only. Anyway, I have prepared some interesting events for you to take a look through.

The first thing I want to share with you is the future appointment of new Goldman Sachs CEO David Solomon who is known for his positive attitude towards cryptos. Could this news be the reason for the current growth? I don’t think so, but what is clear is that this event may be the fuel for coins growth in the nearest future.

The other great news comes from China. This country is famous for its negative attitude towards cryptos but they are interested in Blockchain technologies. Beijing has registered six times more Blockchain companies in 2018 as compared to 2017. And now let’s get down to technical analysis, so fasten your seat belts as we are going to rock.

Bitcoin (BTC/USD) huge price gains, but still have some fuel to skyrocket, price analysis, July 18

Do you remember the last time Bitcoin added more than 10 percent in just 24 hours? I don’t but in fact, this is a good sign for the main crypto and the whole industry as the others will follow BTC/USD in this huge uptrend. The currency pair has done great work on Tuesday and reached my targets. Moreover, Bitcoin went even higher, bringing more profits to investors. Is that all? I don’t think so. I believe that the show will go on in the nearest future.



Well, mates, let’s see what’s going on the four-hour chart currently. I have put a green rocket there as I think that Bitcoin looks very promising. BTC/USD had no problems to surpass $7,000 on Tuesday and seems to have enough fuel to develop this progress in the nearest future.

As for my closest targets, I think Bitcoin is going to reach $7,734 in the nearest future. Why this level? I think that the volatility is going to decrease. Moreover, I suppose that BTC/USD is going to make a sort of a correction or better a consolidation before resuming its uptrend. There are no patterns currently but I don’t think they are needed in this situation. News that Bitcoin is alive, will bring more buyers than any of those technical tricks could do.

Ethereum (ETH/USD) Buterin’s brainchild is fit again, price analysis, July 18

Ethereum looks modest as compared to Bitcoin as it added less in the past 24 hours. However, I’m pleased with this growth. Look at this green flag on the four-hour chart. This was my target for Wednesday and we are there! However, I don’t think that bulls are going to hide now as they look like titans currently.



Do you see this green rocket on the four-hour chart? Oh yes, this is my new target for Wednesday-Thursday. I think we are going there currently, but I want you to be patient as ETH price may test $500.36 again before flying higher.

I see no clear patterns currently but I don’t think we need them. Bulls are playing their muscles and it seems that nothing can stop them now. My next target is at $540,69, but if the price goes even higher, I would be happier.

Ripple (XRP/USD) another great day for the promising coin, price analysis, July 18

Ripple makes new local highs and makes me happy again as my targets were reached on Wednesday. However, I think that this is not the end and XRP/USD is going to surprise us again. This small green flag is just an interim target for the currency pair.



XRP price stopped above the $0.5088 level. Ripple makes more than seven percent in the past 24 hours as bulls continue to build a strong support to the currency pair. Ripple skyrocketed already but still has fuel to do it again. I’m far from thinking that XRP/USD will develop its uptrend without a break but I think Ripple is very promising currently.

As for my targets, let’s look at the four chart to see them. There are no patterns currently and I think XRP price is going to retest this $0.5088 level from above to satisfy bears needs. However, I suppose XRP/USD is going to fly higher and reach $0.5444 in the nearest future.

The bears are smashed currently and have no control over the market. The only thing they can do currently is just to watch the train leaving their station.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 18

Bitcoin, Ethereum, Ripple, EOS, NEM Bulls Take Control, Significant Gains Across Board: Price Analysis, July 17



Bitcoin price, altcoins go up, bulls take control of the market again

Bitcoin price and the prices of altcoins developed their upside progress Monday. The currency pairs have had significant gains in the past 24 hours. A bullish mood is returning to the market which may result in higher prices.

In the news, the Shanghai Stock Exchange looks to introduce distributed ledger technology to improve the  security of trading operations. This will include registration procedures and other important factors.

Coinsuper crypto exchange made a significant step forward as this platform is among the most popular exchanges now. However, some experts accuse the exchange in fake trading volumes.

Bitcoin (BTC/USD) price analysis, July 17

More than five percent added in the past 24 hours. Bitcoin looks very bullish currently as the currency pair is close to July’s tops. We think that BTC/USD is likely to develop this positive tendency and establish new highs in the nearest future.



Bitcoin has reached our targets on Monday as BTC price had a significant momentum. BTC/USD has jumped over a couple of resistance levels including $6,510 and $6,701. This upside momentum is likely to continue on Tuesday.

As for the main scenario, we think that Bitcoin will develop its growth targeting the next resistance at $6,943. There are no signals currently, but the currency pair is above the support at $6,701 and still looks bullish.

However, if bulls will be unable to develop their progress, bears may start a correction targeting the support area at $6,510.

Ethereum (ETH/USD) price analysis, July 17

Ethereum has added more than seven percent in the past 24 hours. The bullish flag is done currently but it helped traders to make the right decision we hope. The currency pair is close to its July’s highs and we think ETH/USD is likely to develop this positive trend in the nearest future.



Ethereum has jumped over a couple of resistance areas including $453.24 and $473.39 and currently is above the last one. ETH/USD looks bullish and we think it is going to reach July’s highs within Tuesday-Wednesday.

The main scenario for today is bullish as well. Ethereum is likely to reach the next resistance area at $500.36. Buyers seem to dominate the market and are likely to develop their progress. However, if sellers take short-term control over the market, they will be able to start a correction towards the support area at $453.24.

Ripple (XRP/USD) price analysis, July 17

Ripple has reached the targets we have set on Monday. The currency pair added almost eight percent in the past 24 hours and looks very strong. Buyers have taken control over the market and drive XRP/USD higher targeting July’s highs.



Let’s have a closer look at the currency pair and the current situation. XRP/USD has passed two resistance areas at $0.4495 and $0.4744 already. Ripple is trading above the last one at the moment of writing. However, we think that XRP/USD looks very promising and is able to reach new tops.

The main scenario for Tuesday-Wednesday is growth towards the next resistance at $0.5088. We think that this target will be reached in the nearest future. There are no patterns currently, but XRP/USD looks very promising currently.

As for the alternative one, Ripple may decline towards the support area at $0.4495. However, sellers will have to jump over the closest support at $0.4744 in this case.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 17

Bitcoin, Ethereum, Ripple, EOS, NEM in Green, New Targets in Focus: Price Analysis, July 16



Bitcoin and altcoins develop their upside correction, new targets in focus

Bitcoin and the altcoins remained calm during the weekend as the volatility was low, cryptocurrencies still go towards their goals but without huge fluctuations.

Interesting news comes from the Bitcoin community where half of its Lightning Network capacity was reached by just one person. But overall the news background has been calm over the weekend as there were no events that are able to provoke significant volatility growth.

As most of the cryptos went slightly upwards, one of the second-tier coins has shown huge growth. KickCoin (KICK) shot up 21 percent as somebody is buying this coin big way. The company is hiring all over the globe now, with open positions including EOS developers (KICK is an ERC20 token so currently, it’s working on Ethereum).  Reportedly KickCoin may be listed on a large crypto exchange soon.

Bitcoin (BTC/USD) price analysis, July 16

Bitcoin has added less than two percent in the past 24 hours but looks bullish. BTC price went upwards during the weekend and continues its upside correction. BTC/USD failed to reach June lows and seems to target new tops.



The currency pair has tested $6,071 support area on Friday but retreated from there and went upwards later according to our forecasts. BTC/USD has successfully tested the resistance area at $6,329 and went above this level. The currency pair remains above in the moment of writing targeting the next resistance.

What is the main scenario for today? We stick to the same targets that we have established on Friday. BTC price can reach the next resistance area at $6,510 on Monday-Tuesday. However, if bears take control of the market, they will be able to break through the support area at $6,329 targeting the next support at $6,071. This scenario is less probable.

Ethereum (ETH/USD) price analysis, July 16

Ethereum has added almost three percent in the past 24 hours as the currency pair stopped to decline and started its bullish correction. ETH/USD failed to reach June lows and went upwards instead meaning bears are losing control over the market.



Ethereum tested $431.42 support area several times but failed to break through it. The currency pair went upwards during the weekend and reached our targets at $453.24. The currency pair is currently fluctuating close to this resistance.

We can see a bullish flag pattern forming on the four-hour chart. If it works, the currency pair will be able to jump over the resistance area at $453.42 and move higher, targeting new resistance at $473.39. This is the main scenario for today.

If buyers fail to drive the currency pair higher, we think ETH/USD will retreat towards the closest support area at $431.42 at least.

Ripple (XRP/USD) price analysis, July 16

Ripple has added less than two percent in the past 24 hours. The currency pair reached June lows on Friday but failed to establish new ones and reversed. The currency pair seems to develop its bullish correction in the moment of writing.



Ripple has tested the support area at $0.4232 but retreated from there. The currency pair went upwards and reached the first resistance area at $0.4495 during the weekend. XRP/USD stays close to this level in the moment of writing.

We can see a bullish flag pattern on the four-hour chart which forms below the resistance area at $0.4495. It may result in further growth towards the next resistance at $0.4744. This scenario is the most probable for Monday-Tuesday.

However, if bears regain control over the market, they will be able to push the currency pair lower targeting the support area at $0.4232.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 16

Bitcoin, Ethereum, Ripple, EOS, NEM at Bearish Targets, U-Turn Nears: Price Analysis, July 13



Bitcoin and its rivals almost reached their lows, but U-turn is close

The cryptos from the top 20 developed their bearish tendencies and reached our targets that we have set previously. However, sellers are unable to push currencies lower and we can see that the major cryptos are ready for U-turn.

The majority of coins have almost reached their June lows, where huge support lies. However, sellers have no power to develop their progress as the prices retreated from there, staring a correction.

As for the interesting news, there are a couple of things we want to mention. The first one comes from China. The Yuan is no longer the major player in the cryptocurrency market as its volumes declined from 90 to one percent. However, this does not mean that Chinese traders and investors are no longer important players on the cryptomarket. They choose other ways to buy and sell cryptocurrencies.

Another interesting fact comes from the Bancor exchange, which is operational again after a pause, related to a hacker attack. They have already reached a $2.5 mln per day volume. However, the local coin still fails to reverse its tendency and remains red.

Bitcoin (BTC/USD) price analysis, July 13

The currency pair went downwards according to the bearish scenario but failed to reach June lows and makes a U-turn currently. Bitcoin losses for the last 24 hours are non-significant and BTC/USD shows signs of a correction.



Bitcoin has successfully broken through the support area at $6,329 in the past couple of days and moved lower. The currency pair reached $6,071 support area but BTC price retreated from there showing that bulls have prepared a very strong defensive line there.

There are no signals from price action neither from graphic patterns currently but we think that Bitcoin is going to start an upside correction at least which is able to become an uptrend in the future. The closest target for the growth is at $6,329. We think that BTC/USD aims at $6,510 in the next couple of days.

There is an alternative scenario as well, which is less probable at the moment. Bitcoin will test the support area at $6,071 and if successful, bears will push it lower.

Ethereum (ETH/USD) price analysis, July 13

Bears were trying to develop their progress in the past couple of days but had not enough power to do it. ETH price remained almost unchanged in the past 24 hours meaning the bulls have built a strong support line there.



Ethereum reached the support area at $417.28 but retreated from there. ETH price returned above the $31.42 line. The bearish flag worked, but we think that ETH/USD is going to start a correction in the nearest future.

We can see a bullish hammer on the four-hour chart and this is a strong signal. We think that ETH/USD is going to develop its upside tendency targeting the next resistance area at $453.24 at least. If bulls are successful, they will be able to develop their progress even higher.

A bearish scenario is less probable. However, let’s see what the sellers can do. Their first target is at the $417.28 support line. The next one lies lower at June lows.

Ripple (XRP/USD) price analysis, July 13

Ripple reached June lows and makes a U-turn there. The currency pair has lost less than one percent in the past 24 hours as its downside tendency slows down significantly. We think that bulls are now in the game and they are going to develop this upside correction in the nearest future.



Ripple has reached the support area at $0.4232, but bullish defensive lines were strong and the price retreated from there. Bulls are taking control over the market and drive the currency pair towards the resistance area at $0.4495.

There is no price action nor pattern signals, but it is almost clear that the buyers are going to test the resistance at $0.4495 in the nearest future and will target the next resistance at $0.4744 at least.

As for the alternative scenario, bears will be able to retest the support area at $0.4232 and push the currency pair lower. However, this one is less probable.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 13

BTC min price on Thursday was $6,377, wasnt it?

Bitcoin Cash, Litecoin, Neo, IOTA, QTUM Flat, But Changes Near: Price Analysis, July 12



For top 20 cryptocurrencies, the next step is around the corner

The crypto market “was sleeping” on Wednesday as nothing serious happened. Most of the major cryptocurrencies remained flat as buyers and sellers have found a balance. However, this situation is likely to change in the nearest future.

There are no events to affect coin prices currently, but we are going to mention a couple of interesting news here. The Korean Blockchain Association has tested local exchanges and stated that 12 major trading places have a high-security level. It is important to mention, that the majority of those exchanges were subject to hacker attacks in the past.

McAfee’s war against HitBTC still rages on. He has lost the first round as his verbal calls remained almost unnoticed by the crypto community. Famous coins and ICOs’ oracles decided to make another round of war, but this time, McAfee and collected all the information from the victims of this exchange in order to start a  legal procedure.

Bitcoin Cash (BCH/USD)

Bitcoin Cash has broken its uptrend on Tuesday-Wednesday and declined. The currency pair added almost nothing in the past 24 hours as we have a very narrow flat situation on the chart. It is hard to say whether bulls or bears are going to take control over the market.



The currency pair has broken through the green ascending trend line and successfully tested the support area at $720.1. It stays below this level in the moment of writing. The currency pair is close to June’s lows but it is hard to say currently whether BCH/USD is going to reach them or reverse from the current position.

We give a chance for both scenarios on Thursday as there are no signals or even hints on future price fluctuations currently. We think that bears still have power and control over the market and are able to push Bitcoin Cash to June’s lows. Perhaps, this scenario is vital.

However, bulls prevent them from smashing the price currently. Buyers also have a chance to reverse the situation in their favor.

Litecoin (LTC/USD)

Litecoin fluctuated in a wider range on Wednesday. Litecoin added half a percent in the past 24 hours, but the situation remains neutral. Neither sellers nor buyers control the market currently.



Litecoin has successfully tested the ascending trend line on Tuesday and has broken through the support area at $78.62 later. The currency pair currently stays below this level. There is a kind of bearish flag pattern on the four hour chart.

If the flag works, we think that Litecoin will be able to test June’s lows in the nearest future. The target for the currency pair lies at the support area of $73.28. This is the first and nearest target for LTC/USD.

The alternative scenario for the currency pair is growth towards the resistance area at $84.44. However, we think that this one is less probable in the nearest future.

NEO (NEO/USD)

NEO stopped declining on Thursday. The currency pair is flat currently. NEO/USD has lost almost two percent in the past 24 hours. However, the situation remains neutral as bulls and bears have found balance.



NEO has broken through the ascending trend line and declined towards the support area at $32.31. The currency pair attempted several times to test this level, but bulls still hold their positions. There are no signals currently.

As for the scenarios, there are two of them. Bears are able to push NEO/USD lower targeting June lows at the support area at $27.78. This bearish scenario has 50 percent probability currently. The other way for NEO/USD to break through the resistance area at $36.45 and move higher, targeting the next resistance at $40.30.

Take a look at IOTA (IOTA/USD) and QTUM (QTUM/USD) Price Analysis, July 12

Bitcoin, Ethereum, Ripple, EOS, NEM Drop As Facebook Euphoria Disappears: Price Analysis, July 11



Bears again gain control over the market

Bears ruin bullish hopes as the price declined on Tuesday and went downwards. It seems like all top 20 altcoins test their June lows. Facebook euphoria disappeared and sellers regain control over the market.

There is some interesting and important news that we would like to mention. The first one comes from Bancor exchange. Famous trading platform was hacked. Around $24 mln in crypto was stolen. This news may cause the wave of sales in the crypto market.

Another interesting thing to pay attention to is the report, issued by crypto experts. They note that Bitcoin and other cryptos may become the next step of money evolution. Experts underline also that cryptocurrencies may become new mainstream payment method within the next ten years.

Bitcoin (BTC/USD) price analysis, July 11

Bitcoin loses more than five percent in the past 24 hours. The currency pair has broken the uptrend and targets its month lows. Sellers are controlling the market currently and are able to push BTC/USD even lower as we can see some upcoming bearish signals on the chart.



As for the current situation, Bitcoin successfully tested the ascending trend line from the above and went downwards. BTC/USD passed the closest support area at $6,510 and went even lower. Bitcoin reached the next support area at $6,329 on Wednesday.

We think that BTC/USD is likely to develop its downtrend in the nearest future as bulls have lost their control over the market. The currency pair forms a bearish flag currently, which means that the next target may be set at $6,071.

However, is bulls make an attempt to counterattack, they will be able to change the situation in their favor and reach the resistance area at $6,510 at least.

Ethereum (ETH/USD) price analysis, July 11

Ethereum went downwards on Tuesday as the currency pair has lost nearly seven percent in the past 24 hours. This is a bad news for buyers as Ethereum targets June’s lows currently. The uptrend was broken and we can see that Ethereum still has some potential to develop its downtrend.



The currency pair has made a breakout of the green ascending trend line without any troubles showing that sellers control the market currently. ETH/USD has broken through a couple of supports at $473.39 and $453.24 and $431.42.

We think that Ethereum is able to develop its downtrend in the nearest future. The currency pair is likely to make a breakout of the closest support at $431.42 and move lower, targeting the next support at $417.28 at least. There is a bearish flag on the chart, which is a signal for bears to develop their progress.

Is Ethereum able to go upwards? In case of good news or bulls regaining control. However, this scenario is less probable.

Ripple (XRP/USD) price analysis, July 11

Ripple follow the other major cryptocurrencies on its way downwards. The currency pair has lost more than four percent in the past 24 hours but shows some signs of further downtrend to develop. XRP/USD targets June’s lows and is able to reach them in the nearest future.



Ripple went downwards on Tuesday and crossed a couple of support areas at $0.4744 and $0.4495. The currency pair fluctuates below $0.4495in the moment of writing and we think that XRP/USD is able to reach the next support in the nearest future.

We have a bearish flag on the chart, which confirms our bearish thoughts. The currency pair is able to test the closest support area at $0.4232 in the nearest future. If bears are successful, they will be able to push XRP/USD even lower.

AS for the alternative, the less probable scenario is growth towards the closest resistance area at $0.4744.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 11

NEO, Bitcoin Cash, Litecoin, IOTA, QTUM: Day’s Big Losers: Price Analysis, July 10



Bitcoin Cash and other cryptos look frustrating at the moment, but bullish moods still prevail

The crypto market seems to take a pause on Monday as the currencies from the top 20 suffered losses. However, we think that this is nothing more than a simple deeper correction. Cryptocurrencies still look bullish and may resume their uptrends in the nearest future.

As for the interesting news, there is almost nothing to pay attention to except the new attempts to regulate coins, coming from Kenya. The local parliament still examines the industry. Some experts think that they can either ban cryptos entirely or give them a green light as some other African countries have done already.

Bitcoin Cash (BCH/USD) price analysis, July 10

Bitcoin Cash develops its correction on Tuesday as the price loses more than two percent in the past 24 hours. Bulls seem to take a rest for a while but they are still holding their positions giving no room for bears to reverse the trend.



The currency pair reached the resistance area at $783.70 during the weekend but retreated from there. BCH/USD reached the ascending trend line later and even jumped over it, touching the support area at $720.1. However, it seems that this is the end of bearish activities as Bitcoin Cash meets huge support there.

As for the plans for the nearest future, the first target lies at the resistance area at $783.70. However, bulls need to return above the ascending trend line first. If they reach the resistance at $783.70 and test it successfully, buyers will be able to develop the growth towards the next resistance at $828.60.

Bearish targets lie lower. If sellers are able to successfully test the current support area at $720.10, they will develop their progress towards the next support at $665.80 to test June’s lows.

Litecoin (LTC/USD) price analysis, July 10

Litecoin stopped to develop its upside progress during the weekend and started a correction. The currency pair still has potential but bears hold their position preventing buyers from getting higher. However, we think that LTC/USD is able to resume its growth in the nearest future.



Litecoin reached the resistance at $84.44 during the weekend but failed to break it out. LTC price retreated from that level and went towards the ascending trend line. LTC/USD crossed the trend line on Tuesday and reached the support area at $78.62.

Targets for today are the following. We think that the most probable scenario for Litecoin is to resume the uptrend and to reach the resistance area at $84.44 in the nearest future. This is the closest target. If buyers are able to progress, they will likely to reach the next resistance at $88.45

The less probable scenario for Litecoin is downside tendency. The price may break out the support area at $78.62 targeting the next support at $73.28.

QTUM (QTUM/USD) price analysis, July 10

QTUM follows the other cryptos and feels bad on Tuesday, but we think that the currency pair still looks promising and is able to change the tendency in the nearest future. The currency pair has lost more than six percent in the past 24 hours.



QTUM tested the resistance area at $9.23 on weekend but bears were stronger than bulls and prevented them from progressing higher. However, QTUM price stopped at $8.26 currently. QTUM has reached the ascending trend line.

As for the possible ways, we think that QTUM is bullish and the currency pair is going to resume its uptrend line the nearest future. QTUM/USD is going to reach the closest resistance area at $9.23 at least. If bulls successfully test it, the currency pair will progress higher.

Bears seem to unable to push it lower, but if they have enough power, they will run the currency pair towards the next support area at $7.47.

Take a look at IOTA (IOTA/USD) and NEO (NEO/USD) Price Analysis, July 10

Bitcoin, Ethereum, Ripple, EOS, NEM Go for New Highs, Bulls Becoming Stronger: Price Analysis, July 9



Bitcoin and altcoins develop their bullish trends, major cryptocurrencies still look promising

Bitcoin and other major cryptos continue to rally as they have reached new highs on weekend. General market moods remain positive and cryptos from the top 20 seem to be ready to make new tops. Psychologically, bulls are winning currently as bears have no chances to reverse the situation.

As for the news, there are no drivers in the moment of writing, but we want our readers to pay attention to some interesting facts. European’s ETF giant launches ETN. This is an Exchange trading note, which is similar to Exchange trading fund, but have some specifics. Crypto community, by the way, expects Bitcoin ETF’s in the nearest future.

Another great news comes from Switzerland where local stock exchange owner SIX launches their own crypto exchange. This company promises to traders to give them a full set of opportunities in order to provide clients with high-quality service.

Bitcoin (BTC/USD) price analysis, July 9

BTC/USD had almost nor gains neither losses in the past 24 hours as the currency pair declined for less than one percent. However, in general, the situation is promising as the main cryptocurrency established new highs during the weekend.



Let’s get down to the four hours’ chart to see what’s going on with the cryptocurrency. Bitcoin has tested the supper area at $6,510 during the weekend but failed to develop its decline. We have updated the ascending trend line according to the recent price changes.

Bitcoin went upwards later and BTC price jumped over the resistance area at $6,701. BTC/USD stays above this level currently, but still unable to make any further upside steps. We think that the currency pair is going to grow today again as we have a clear bullish flag pattern on the chart.

The next target for Bitcoin growth lies at $6,943. BTC price is likely to reach this area within one-two days approximately. However, if bulls are more active, they will be able to develop their progress and to reach even higher tops.

As for the alternative scenario, if sellers gain temporary control over the market, they will be able to press the currency pair down towards the support area at $6,510.

Ethereum (ETH/USD) price analysis, July 9

Ethereum makes smooth losses in the past 24 hours, but the currency pair still looks very promising as it established new highs during the weekend. We have adjusted the ascending trend line in order to make it more appropriate to the current situation.



What can we see on the four-hour chart? The first thing that is clear is that ETH price goes along the green ascending trend line. This fact indicates the probability of further upside tendency. ETH price reached the trend line on the weekend but jumped over the resistance area at $473.39 and went higher later.

Currently, we have some kind of a flag pattern on the chart, but it is not a classic pattern analysis flag that we used to trade. However, psychologically, this one is a consolidation after a bullish momentum and may lead to another significant price burst in the nearest future.

As for targets for this growth, we think that Ethereum is likely to reach $540.69 in the nearest future. However, the closest target is the resistance area at $500.36.

Is there any alternative scenario? If bulls are unable to drive ETH/USD higher than bears will push it lower. We think that Ethereum will run lower in this case, targeting the support area at $543.29.

Ripple (XRP/USD) price analysis, July 9

Ripple looks less promising than other majors as the crypto failed to establish new highs during the weekend. The currency pair has lost more than two percent in the past 24 hours. The currency pair has broken through the ascending trend line and moved lower. It is hard to say currently whether Ripple is going to resume its uptrend in the nearest future.



The situation on the four-hour chart is neutral as there is no tendency currently. Ripple failed to jump over the resistance area at $0.5088 during the weekend. The currency pair tested the support area at $0.4744 instead.

We have set upper targets for Ripple at $0.5444, but currently, we cannot say that XRP/USD is able to reach them in the nearest future as the uptrend was broken. The lower targets are set at the support area at $0.4495, but Ripple will have to breakout the closest support area at $0.4744 in order to reach it.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, July 9