Dany44 (OP)
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May 18, 2018, 12:39:12 PM |
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Sure, let's stay optimistic ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Dany44 (OP)
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May 18, 2018, 02:11:21 PM |
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05/18/18 IOTA, DASH Biggest Losers of Day As Bitcoin Price Sinks Under $8,000 Cryptocurrency market suffered losses, the greatest losers are IOTA and DASH; BTC dips below $8,000The top 20 cryptos are within the red area today. The losers of the day are IOTA and Dash as they have declined by 7.62 percent and 7.12 percent consequently. The others demonstrate negative tendencies as well. As for the fundamental background, it remains neutral. There are some interesting news, that may attract investors’ attention. South Korean Customs Service is going to apply a Blockchain system to check all kind of shipments. This software is under testing currently. In order to develop the system, South Korean Customer Service has employed companies from Singapore and Vietnam. Another important news comes from Bitfinex. They have announced that users will be required to provide their tax information. The received data will be transferred to British Virgin Islands. The problem here is that this statistics may become available for clients’ country’s tax authorities later. BTC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh5.googleusercontent.com%2FCvAFOa_qacxYYzi41RSEF0khRF5Hry6KQelnpiE8Y8HuxaasXf0DI3C-aUKtOpD2oqg1PkRk81xtdQFkqcwMNhige76HCjKW1Dob-oTDAy-3B3gEazZCYNyNXbI9C0_V2Xrbpc52EFq1s49RMg&t=665&c=GLP99biCTh5szQ) Bitcoin established new local lows on the Hourly chart yesterday. However, bears were unable to develop their progress as a correction started from the support area at $7,941. BTC price has tested this area twice and jump off it, aiming the closes resistance area at $8,128. BTC/USD stays here currently and tests this level from below. Bitcoin price is far below the Ichimoku cloud meaning bears are domination the market. We have drawn a local descending trend line, which prevents Bitcoin from moving higher in the moment of writing. The currency pair has lost 1.98 percent in the past 24 hours. The possible scenarios for the currency pair are the following: 1. Bitcoin will break through the resistance area at $8,128 and continue to grow towards the next resistance area at $8,366. However, bulls will have to enter the Ichimoku cloud in order to reach the next goals. 2. BTC/USD will jump off the current resistance area at $8,128. The currency pair will likely to decline towards the next support area at $7,941. 3. The currency pair will stay close to the current level without significant changes. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh3.googleusercontent.com%2FmbfHEY8n75_nD9EhqjSDXCfkKVKlZ8IEXaP9hTF23yqauf4xOZPgWukeyvForbwbU2bnRQtg_E2X8YHYqycmDnvW2xz7EkWNcLrU3uXOGpEmqmphIRFL7eK0Yg8S7uK-OHEIaKYqCDAc9hHd7A&t=665&c=6oponTHfiQL1vQ) Bitcoin has almost left the Ichimoku cloud on the daily chart but there is no momentum meaning it will test the indicator again. The situation remains unclear as there are no signs of any tendency currently. LTC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh3.googleusercontent.com%2F6F5KvPVAavU5MP10LEAdK8ol7TSPYx1o8F9sqfgF7Oep3JCODaR6CCqkq3RiCuZciPi0RduTJy8bA3rhFo9mv39xjJfM2OJDKZM6NZjI3K-YoplWgFXf0nrBnjJqLhGJOPm9krE7XjXD5DoySw&t=665&c=Q4AWNYRLFLLXiw) The currency pair declined yesterday and reached new lows. Litecoin jumped off the support area at $129.41 and went towards the next resistance, which resides at $134.34. However, LTC/USD failed to reach it. Litecoin is still trying to move higher, but it seems like bears are on guard currently preventing bulls from driving the currency pair higher. Litecoin has lost 3.87% in the past 24 hours. LTC price is far below the Ichimoku cloud meaning bears are controlling the market. The possible scenarios for LTC/USD are the following: 1. LTC price will reach the next resistance area at $134.34 and to test it. There is a high probability that Litecoin will meet the descending local trend line (red) there. If successful, bulls will be able to drive LTC/USD even higher, above those lines. 2. Litecoin will move towards the closest support area at $129.41 in order to test it. If successful, bears will push the currency pair even lower. 3. There will be no significant changes and LTC price will stay close to the current levels. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh6.googleusercontent.com%2F4d68BIOoofrU1iGmEhTdSl3i57zlhiDb8EuqV6FNQVCVfe2zAYTk7ajmSR2yM9NFoleWlm5dNCOFG6xNZWt8B860JLvWSQNuCragwo-LaKPCruU6sVzi1AADxVkmlke-JA62AJf0WtEYxhdMQA&t=665&c=oUBT6VT4G1tqyQ) Litecoin has left the Ichimoku cloud on the Daily chart but there is no momentum and the currency pair seems to test the lower border of the Ichimoku cloud in the nearest future. ETH/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh4.googleusercontent.com%2FPmY8Xqlv7S3DwhCm1i4mAL9_-WiBOCZd_O34MAMCl62KA0snJiYqGh9QdmYk7hp6nFIwA8NbHCDHBsGEu9ChgHyQfAunNYG2wzEyRvNSOrlCZzzSd1-LjwxKQJxX8r_9ZApIIoYrcghHmgzx1w&t=665&c=mZBDNebQWwZ6xw) The currency pair declined yesterday and reached the support area at $663.14. Ethereum jumped off this level and started to grow today. TETH price is somewhere in the middle between two levels currently. We have drawn a local descending trend line (red), which prevents ETH/USD from moving higher. Ethereum price is below the Ichimoku cloud meaning bears are in control of the market. Ethereum has lost 2.72 percent in the last 24 hours. The possible scenarios for ETH/USD are the following: 1. The currency pair will reach the local descending trend line and test it. If successful, buyers will be able to develop the progress and to reach the next resistance area at $695.52. 2. Ethereum will reverse towards the closest support area at $663.14. The bears will try to cross the level and to push ETH/USD lower. 3. There will be no significant changes in the next several hours. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh6.googleusercontent.com%2FldOJs_NkC4zcETIk65U_80HI3unoai296Q5SyYh7MAwWAt9ETDAeXgt7aXO4qzClVsqSlyKFLQac9UVN2VAdWWRDFr_oHXNJNN6PLg3l1SfrgYileAwjrXbLeiZsI56XWpSJCIEeXz7pXOwfrw&t=665&c=RSQSOVLDJet9kw) Ethereum still fluctuates above the Ichimoku clouds as bulls control the situation. There is no midterm trend currently as the price stays within a narrow horizontal channel. ZEC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh3.googleusercontent.com%2Fwmls_xw66HUbTipL7LEPwmGiQrsKpEdtezutAj0s96J_xlGWepG_XdhiOgFQV8j3umUWUl1-aa2XCQ-aT1xlWb9XNnwZp1DWYULIXZXAPnzXFDQYcWDkIUbpIwXfZZ_ss47RVnjjn-N2KTIsmQ&t=665&c=eVBZcMHX9LnIaw) The currency pair reached the support area at $306.71 during the Asian session. Zcash jumped off it later and moved higher. The currency pair has broken through the next resistance area at $325.54 and managed to develop its progress. Bulls seem to drive ZEC/USD towards the next resistance area at $366.51, but there is an obstacle on their way as the price is still below the lower border of the Ichimoku cloud. Zcash declined 1.90 percent in the last 24 hours. The possible scenarios for ZEC/USD are the following: 1. Zcash will cross the Ichimoku could and reach the next resistance area at $366.51. There is the local ascending trend line close to that area and ZEC/USD is able to reach it in this case. If the price jump over this line, Zcash will restore the uptrend on the hourly chart. 2. ZEC/USD will jump off the lower border of the Ichimoku cloud and move towards the closest support area at $325.54. 3. ZEC price will stay close to the current levels without significant changes. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh5.googleusercontent.com%2FUVJYJjQnqtgy6yYsPMea-8kRsOBsFxCNhTgeoduqXVUl1UnX2zSunmUe9fggAk8LiGwuvYKTfEaGC3KfNqLYmes2oAhlvz1mRSlUabQ08KmRq2nqbjZAoz3_lSL33F6zV28oslFe3iqMkHMTsQ&t=665&c=76zIhsGVKsbY9w) Zcash jumped off the support area and the higher border of the Ichimoku cloud on the daily chart. However, the midterm situation still remains unclear. Check more details on IOT/USD, XRP/USD and DASH/USD pairs HERE
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Dany44 (OP)
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May 21, 2018, 01:54:28 PM |
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05/21/18 Cardano, Neo Lead, BTC, BCH in Green, Zcash Losing Positions ADA/USD and NEO/USD are the winners of the day. Zcash is losing its positionCrypto traders seem to be optimistic in the beginning of a new week as the majority top 20 coins is within the green area on Monday except Zcash, which loses momentum currently. Fundamental background is neutral as there is no important news, which is able to increase volatility or establish any tendency. BTC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage1_21.05.jpg&t=665&c=kRqlZ3eB3JPIsQ) The currency pair took off the red local descending trend line on Friday and went upwards. Bitcoin has broken through the Ichimoku cloud and managed to move even higher. We have drawn a green ascending trend line which support the uptrend currently. BTC/USD has double tested the resistance area at $8,526 but still fluctuates below this level. BTC price is far from the Ichimoku cloud meaning bulls are controlling the market. Bitcoin added 2.49 percent in the past 24 hours. The possible scenarios for the currency pair are the following: 1. BTC/USD will test the resistance area at $8,526 again and if successful, bulls will drive the currency pair even higher above this level. The next resistance area lies at $8,715 area. 2. Bitcoin will decline towards the green ascending trend line. If bears are successful, BTC/USD will develop its downside progress towards the support area at $8,369. Otherwise, BTC price will jump off this trend line and move towards the resistance area at $8,526. 3. The currency pair will stay here, fluctuating around the current resistance area at $8,526. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage2_21.05.jpg&t=665&c=DysObFo5gPP4Kg) As for the daily timeframe, BTC/USD jumps into the Ichimoku cloud again meaning the situation remains unclear. Nor bulls neither bears are ready to take control over the market. LTC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage3_21.05.jpg&t=665&c=q3MsGkCd5ZBXHw) Litecoin has added its modest 0.77 percent in the past 24 hours. However, as for the situation in general, LTC/USD seems to be more optimistic than on Friday as LTC price is above the red descending trend line and moves along the green ascending trend line. Currently, LTC/USD tests this line and has an opportunity to move below it towards the Ichimoku cloud. The possible scenarios for LTC/USD are the following: 1. Litecoin will develop its downside progress and reach the Ichimoku cloud. LTC price will likely break it through as the indicator is thin here. LTC/USD will reach the next support area at $134.36 in this case and will test this level. 2. The currency pair will return above the green ascending trend line and go even higher towards the closest resistance area at $138,35 to test it. 3. Litecoin will stay here without significant changes. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage4__21.05.jpg&t=665&c=mTljKTHf5f8DCg) The currency pair is below the Ichimoku cloud on the daily timeframe. However, LTC price tests the lower border of the indicator. Nor bulls neither bears are in control over the market currently. ETH/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage5_21.05.jpg&t=665&c=uvvk-JThKXdKUw) Ethereum follows the other allies as the price moves along the green ascending trend line. The cryptocurrency has added 0.61 percent in the past 24 hours. ETH/USD jumped off the red descending trend line on Friday and shows bullish moods since. The currency pair is far above the Ichimoku cloud meaning buyers are controlling the market. The possible scenarios for the currency pair are the following: 1. ETH/USD will develop its local downside tendency towards the higher border of the Ichimoku cloud to test it. Bears will have an opportunity to test the closest support area at $696.07 if successful. 2. Ethereum will reverse and jump over the green ascending trend line on the Hourly chart. Buyers will drive the currency pair even higher towards the closest resistance area at $731.22 in this case. 3. There will be no significant changes and the currency pair will stay close to the current levels. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage6_21.05.jpg&t=665&c=CDMDhNPUy6Fgkw) As for the daily chart, there are no significant events to discuss here. However, ETH price remains above the Ichimoku cloud meaning buyers are dominating the market. XRP/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage7_21.05.jpg&t=665&c=9iDujdMEriY1yA) Ripple has added nearly two percent in the past 24 hours and seems to be optimistic in the beginning of a new week XRP/USD jumped over the red descending trend line on Friday and started to move along a new ascending trend line aspiring to develop an upside tendency. XRP price is far above the Ichimoku cloud meaning buyers are controlling the market. The possible scenarios for XRP/USD are the following: 1. The currency pair will break through the green ascending trend line and move towards the higher border of the Ichimoku cloud. Once bears are successful in crossing it, they will be given a chance to develop their progress targeting the closest support area at $0.6631. 2. XRP/USD will jump off the green ascending trend line and go higher. The closest resistance area is close to the price’s current position and it will likely be crossed with no difficulties. The next target will be at the next resistance area at $0.7094. 3. Ripple will stay close to the current levels with no significant changes. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fimage8__21.05.jpg&t=665&c=qEvEbuLkN_Wylw) As for the daily chart, XRP/USD goes under the Ichimoku cloud, but there is no clear med term tendency currently. Check more details on ZEC/USD, ADA/USD and NEO/USD pairs HERE
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Dany44 (OP)
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May 22, 2018, 01:52:25 PM |
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05/22/18 Bitcoin, Ethereum, Ripple, Litecoin Bearish, Lisk Smashed Down![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Fstyles%2F912x570%2Fpublic%2F2018-05%2Fphoto_2018-05-22_15-49-04.jpg%3Fitok%3DGqZfyW6L&t=665&c=HfCV8xnFddRYHA) “The main four” feels negative today as BTC/USD, ETH/USD, XRP/USD and LTC/USD lose nearly 2-4%The currency pairs are red as top 20 cryptos have bearish moods today. The main loser for today is Lisk, which has lost nearly eight percent in the past 24 hours. The fundamental background is neutral as there is no events to influence the quotes significantly. However, general bearish moods may be explained by the investors disappointment with the results of Consensus 2018 Conference. BTC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly_0.jpg&t=665&c=x9vRYmy93tUgPA) Bitcoin has lost nearly three percent in the past 24 hours. The currency pair, in general, seems to hold its downside tendency despite the fact that it demonstrates signs of a deep correction currently. We have redrawn the red descending midterm trend line as the situation changes all the time. Let’s have a look at the situation within the Fibo retracement formation. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly%25201.jpg&t=665&c=1St4LOnunlV7Xg) BTC price jumped off $8,559 area (resistance) and moved lower, breaking through several Fibo and support levels. The ascending green trendline was crossed without any difficulties meaning bulls had no power to hold this upside tendency. BTC/USD continues to fall as it has broken through the next support area at $8,380 and approached the closest support area at $8,184. The possible scenarios for Bitcoin are the following: 1. BTC price will develop its downside progress and reach the support area at $8,184. It coincides with the Fibonacci retracement 0.618 level. If sellers successfully test this support, Bitcoin price will likely to fall even deeper towards the next retracement level (0.786). 2. Bitcoin will start to grow from the current level or from the closest support area at $8,184 targeting the closest 0.5 retracement level. If buyers are successful, they will have a chance to drive the currency pair even higher, towards the next 0.382 retracement level at least. The next resistance target is at the $8,380 area. 3. There will be no significant changes in price and BTC/USD will stay close to the current levels. ETH/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth%2520hourly.jpg&t=665&c=1ioFryd3iD6PbA) Ethereum still holds bearish moods in the midterm. ETH/USD has lost nearly four percent in the past 24 hours. ETH price is above the midterm red descending trend line, but is not far from it. ETH/USD seems to have a deeper correction to the global midterm downside tendency. Ethereum price will fall even deeper this correction will be confirmed. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth%2520hourly%25201.jpg&t=665&c=V9WS8-pWvQ0oRQ) Let’s have a closer look at what is happening within the Fibonacci retracement indicator. ETH price is close to 0.5 retracement level currently. It has broken through several retracements and important levels including the green ascending trend line as buyers had no power to hold the uptrend. Ethereum price has also crossed two levels- $715.92 and $696.74. ETH/USD fluctuates close to the 0.5 retracement level in the moment of writing. The possible scenarios for ETH/USD are the following: 1. Ethereum will jump off the 0.5 retracement level and run towards the closest retracement support at 0.618. If successful, sellers will have an opportunity to push ETH/USD even deeper towards the closest support area at $677.06. In the event that they are able to break through this level, sellers will likely to push the currency pair towards $660.85 support area, which coincides with one retracement level. 2. ETH price will jump over 0.5 retracement level and run towards the next closest resistance area at $696.74. If successful there, bulls will have an opportunity to drive ETH/USD further upside towards 0.236 retracement area. 3. The currency pair will fluctuate close to the current levels without significant changes. XRP/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp%2520hourly_0.jpg&t=665&c=G-IZk0Gih6QgyA) The currency pair has lost nearly three percent in the past 24 hours. It seems that XRP/USD has ended its midterm downside tendency as it fluctuates with no clear direction currently. Ripple has left the red descending trend line and the green ascending one. XRP price seems to stay within a horizontal channel in the moment of writing. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp%2520hourly%25201.jpg&t=665&c=qoXRyT9kdYXFLw) Let’s see closer what is happening inside the Fibonacci retracement. XRP price is close to 0.618 retracement in the moment of writing and seems to jump off this level. The closest support area is at $0.6608. Ripple has broken the support area at $0.6914 and several retracement levels since it has ended is upside correction to the bigger midterm downtrend. The possible scenarios for XRP/USD are the following: 1. The currency pair will run towards the closest support area at $0.6608, which coincides with 0.768 Fibonacci retracement level and test those areas. If successful, bears will be able to push XRP/USD even lower, towards the next retracement level at least. The next closest support is at $0.6428. 2. Ripple will run towards the 0.618 retracement level again. This one will be tested and if successful, bulls will have an opportunity to drive XRP/USD even higher towards 0.5 and 0.382 retracements. The closest resistance level lies at $0.6914 and coincides with 0.236 retracement area. 3. There will be no significant price changes in the nearest future and the currency pair will stay close to the current levels. Check more details on LTC/USD and LSK/USD pairs HERE
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Dany44 (OP)
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May 23, 2018, 01:55:13 PM |
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05/23/18 Bulls Frustrated as Bitcoin, Ethereum, Ripple, Litecoin in Red, Bytecoin Day’s Loser “The majors” suffer significant losses, Bytecoin is the loser of WednesdaySellers seem to regain initiative as “the majors” suffer significant losses. Bitcoin has lost nearly five percent in the past 24 hours. The loser of today is Bytecoin, as the cryptocurrency has lost more than 17 percent in the past 24 hours. The fundamental background is neutral, however, some events may push the currencies further downside. One of the most important news for today is the launch of “ Operation Crypto Sweep” in US and Canada, which aims to prevent ICO frauds. The main tool of this operation is education meaning governments are going to provide citizens with information about scams, which may lead investors to losses. The similar operation is launched in China as well. Beijing was the first to ban ICOs. The local IFCERT (National Internet Financial Risk Analysis Technology Platform) is looking for scams and has uncovered more than 400 ICO frauds already. As for neutral news, the whole crypto community celebrates a so-called “ Bitcoin Pizza Day.” This is a historical date for all BTC users as on May 22, 2010 programmer Laszlo Hanyecz bought two pizzas using Bitcoins. BTC/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly_1_23.05.jpg&t=665&c=0dRAhck1prvjEQ) The general picture on the hourly chart demonstrates that sellers still have control of the situation. BTC price is close to the midterm descending trend line. BTC/USD is likely to develop its downside progress in the midterm as there are no signs of a global reverse. The currency pair establishes new local lows. The correction towards the higher border of the Fibonacci retracement seems to be ended. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly_2_23.05.jpg&t=665&c=6BRTQUjWCbzGKw) Let’s have a closer look at what is going on within the Fibonacci retracement indicator. Bitcoin price has chosen a bearish scenario and declined below the one retracement level. Bitcoin has lost nearly five percent in the past 24 hours. The currency pair is below the midterm descending trend line meaning sellers have full control over the market. The possible scenarios for BTC/USD are the following: 1. Bullish scenario (nearly 60 percent probability). The currency pair will run upwards to test the descending midterm trend line and higher, towards one retracement level, which coincides with the support area at $7,948. If successful, bulls will be able to drive BTC/USD even higher towards the next 0.786 retracement level and the closest resistance area at $8.137. 2. Bearish scenario (nearly 30 percent probability). The currency pair will resume declining from current level or after testing the red midterm descending trend line. The closest target is the support area at $7,816. The next will be 1.618 retracement level. However, we will have another support area at $7,739 on the way. 3. Neutral scenario (nearly 10% of probability). There will be no significant changes in price today and BTC price will stay close to the current levels. The first bullish scenario means a deeper correction that is likely to happen as Bitcoin has suffered significant losses in the past 24 hours. ETH/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth%2520hourly3_23.05.jpg&t=665&c=DMR5gs4FvLfBYw) Ethereum has lost over ten percent in the past 24 hours. The currency pair holds bearish moods in midterm as ETH price is below the midterm descending trend line (red). There was an upside correction, but ETH/USD seems to resume its downtrend as the currency pair establishes new local lows. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth%2520hourly%25204_23.05.jpg&t=665&c=0NFCSbWb7ZuDRg) Let’s have a closer look at the situation within the Fibonacci retracement indicator. The currency pair has chosen the bearish scenario on Tuesday and ETH price declined below the red descending midterm trend line and below the one retracement level. ETH/USD has tested the trend line from below but failed to break it through and jumped off it. The possible scenarios for ETH/USD are the following: 1. Bullish scenario (nearly 60% probability). The currency pair will go towards the closest one retracement level to test it. If successful, buyers will be able to drive ETH/USD towards the descending midterm trend line, which is not far from the closest resistance area at $641.43. The next resistance level will be at $664.59. 2. Bearish scenario (nearly 30% probability). The currency pair will resume its decline from current levels or the 1.618 retracement level. The closest support to break is $615.51. 3. Neutral scenario (nearly 10% probability). The currency pair will stay here without significant price changes. The bullish scenario means a deeper correction to the general downside tendency that may be seen on the hourly chart. We think that this general downside tendency is likely to progress in the nearest future. XRP/USD![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp%2520hourly5_23.05.jpg&t=665&c=WP4ji089JxXy8Q) Ripple seems to resume its downside tendency as the currency pair is close to the red midterm descending trend line. XRP/USD has lost nearly nine percent in the past 24 hours. The currency pair has ended its upside correction as it touched $0.7022 resistance area and is likely to develop its downside progress in the nearest future. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp%2520hourly%25206_23.05.jpg&t=665&c=v_Uy6MbT1Z3CxA) Let’s have a closer look at what is going on within the Fibonacci retracement. The currency pair has broken through one retracement level, which coincides with $0.6504 support area. It is currently testing the red midterm descending trend line from above as well as the support area at $0.6073. We are close to the 1.618 retracement level as well. The possible scenarios for XRP/USD are the following: 1. Bullish scenario (nearly 60% probability). The currency pair will jump over 1.618 retracement level and move higher towards the next resistance, which is at $0.6504. Here lies the initial point one of the Fibo retracement. 2. Bearish scenario (nearly 30% probability). The currency pair will resume its downside tendency from the current level and will test the closest support area at $0.6073 as well as the red descending trend line. 3. Neutral scenario (nearly 10% probability). Ripple will stay here without significant price changes. The bullish scenario means a deeper correction to the global midterm downside tendency which is still actual. Check more details on LTC/USD and BCN/USD pairs HERE
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Dany44 (OP)
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May 24, 2018, 03:05:29 PM |
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05/24/18 Bitcoin, Ethereum, Ripple Are Red Again, Zcash Day’s Loser Bitcoin shows no mercy for buyers and hodlers. Other cryptos follow the same scenarioNearly six percent down! This is the result of Bitcoin’s fluctuations in the past 24 hours. Ethereum’s losses were even bigger as Buterin’s brainchild declined by nearly nine percent. What is going on with the crypto market and why both traders and investors are unable to change the situation currently? We think that there are three main reasons for that. The first one is a generally negative mood as cryptocurrencies resemble a snowball now, rolling down a mountain. It becomes bigger and bigger and market players seem to be frustrated as they see no starting point to support coins. The second reason is as easy as ABC. The South Korean government wants to “get its hands” on traders’ pockets as they want to receive information about those who conduct transactions. The fight between exchanges and the South Korean government is still on and nobody knows who is going to be a winner. Anyway, we don’t think that regulators will retreat. This fact provokes fears among market players and gives bears support. Finally, the next thing we want your attention to be attracted to is the Consensus 2018 Conference, which results were disappointing. If we take a look at historical data, Consensus helped Bitcoin to add nearly 70 percent during the conference and additional 138 percent two months after the event last year. However, this year the situation was different as Bitcoin went down during the event and seemed to develop this negative tendency several days after the doors of Consensus 2018 were shut down. Bitcoin (BTC/USD) price analysis 24.05The currency pair still develops its negative midterm tendency as BTC price is below the red descending trend line. Bulls seem to be smashed down. Buyers attempted to start a correction yesterday, but it was limited by $7,739 resistance area. BTC/USD has crossed 1.618 retracement level later and established local lows. Total losses in the past 24 hours are 6.04 percent. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly_1.jpg&t=665&c=EioPxjjg3Z6Bgg) Let’s take a closer look at what is happening down there. Bitcoin has reached resistance area at $7,739 on Wednesday, but buyers failed to develop this upside correction as BTC price jumped off this area and resumed its downside tendency. BTC/USD has established new local lows at support area $7,475. Later BTC/USD developed its downside progress and the price reached new local lows. The possible scenarios for the currency pair are the following: 1. Bullish correction. BTC/USD will run towards the closest resistance area at $7,475 to test it. If successful, buyers will have an opportunity to develop Bitcoin’s correction targeting 1.618 retracement level. 2. Bearish scenario. Bitcoin will reach $7,475 and reverse there or will start to decline from current levels towards new local lows. Ethereum (ETH/USD) Price Analysis 24.05![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth%2520hourly1.jpg&t=665&c=HjAqVhwMzWR3gg) The currency pair started a correction on Wednesday and almost reached the closest resistance area at $615.51. However, buyers were unable to drive ETH/USD higher as bears regained control over the market. Sellers pushed Ethereum lower towards 2.618 retracement level and managed to jump over it as ETH/USD fluctuates below this line in the moment of writing. The possible scenarios for ETH/USD are the following: 1. Bearish scenario. ETH price seems to end testing 2.618 retracement level from below and is able to resume its downside tendency in the nearest future. Targets are below the long spike that we had several hours ago. 2. Bullish scenario seems to be unreal at the moment as the market is still under pressure. However, we could give around 10 to 20 percent that ETH/USD would be able to start growing from the current levels. Ripple (XRP/USD) Price Analysis 24.05![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp%2520hourly2.jpg&t=665&c=e8SjaL9_uBwZGg) XRP/USD had a bullish correction yesterday but buyers were unable to drive the currency pair over 1.618 retracement level. XRP price declined later towards the red midterm descending trend line, but failed to cross it as well, showing nor bulls neither bears had the power to change the situation. It is a kind of horizontal channel now that you can use by catching its borders. XRP price is currently close to the resistance area at $0.6073. What are the possible scenarios for XRP/USD in the next several hours? 1. Bullish correction. The currency pair will break through the resistance area at $0.6073 and move towards the closest 1.618 retracement level. If successful, buyers may develop the correction even higher, targeting one retracement level. 2. Bearish scenario. XRP/USD will test 1.618 retracement level and reverse downwards there or start off declining from the current levels targeting 2.618 retracement level. Check more detailed charts and analysis on ADA/USD and ZEC/USD pairs HERE
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Dany44 (OP)
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May 25, 2018, 01:24:13 PM |
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Bears Tired as Bitcoin, Ethereum, Ripple in Green: Price Analysis, May 25 Cryptos breathe fresh air as Bitcoin and altcoins are in green FridaySellers seem to lose their momentum as all the “majors” from the top 20 feel much better today. It is still not a complete reversal as negative moods prevail the markets. However, we can see a deeper correction and even a horizontal consolidation is possible. What is going on within the crypto industry currently? The “majors” are still under the pressure as bulls are hesitating. However, bears seem to be “tired” meaning there is no clear direction currently. The disappointment from Consensus 2018 conference goes away gradually as we have several important meeting on the way including BlockShow Europe, which is to take place in Berlin (Germany) on May 28, 2018 as well as Blockspot Conference Latin America, which will take place in Sao Paolo on the same day. Technically, bears are still building their downtrend Great Wall and bulls seem to be unable to break it currently. Ethereum has added nearly four percent in the past 24 hours. Ripple was more modest as this crypto grew by nearly two percent. The first coin had almost no price changes in the past 24 hours. Bitcoin (BTC/USD) Price analysis, May 25![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_hourly_2.jpg&t=665&c=EQK8Whp4Kbvp7g) Bitcoin still holds negative moods in general and BTC price is below the red descending trend line on the hourly chart. BTC/USD went on correction yesterday and reached this trend line. However, buyers are still unable to make a difference. We think that this negative tendency is likely to prevail in general in the next several days. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_hourly_1_0.jpg&t=665&c=vV3Gpa2MHLUuGw) Let’s have a closer look at what is happening on the hourly chart within the Fibonacci retracement graphic tool. BTC price is still below the red descending mid-term trend line. BTC/USD reached the trend line yesterday within a correction, but bulls were unable to change the situation significantly as Bitcoin goes down for the last several hours. BTC/USD has reached the closest resistance area at $7,565, which coincides with 1.618 retracement level but failed to develop its upside progress. The possible scenarios for BTC/USD are the following: 1. Orange scenario (bearish). BTC price will develop its current downside tendency without any correction. Bitcoin will likely establish new hourly local lows in this case. 2. Red scenario. (bullish correction). The currency pair is going to reach the red descending midterm trend line and jump off it. 3. Green scenario (deeper bullish correction). Bitcoin will follow the red scenario first. If buyers are successful in breaking through the red descending midterm trend line, they will be able to develop upside progress targeting 1.618 retracement level, which coincides with $7,565 resistance area. Ethereum (ETH/USD) Price Analysis, May 25![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_hourly.jpg&t=665&c=7ltavyhX5gHRQg) The currency pair is still below the red midterm descending trend line meaning sellers still control the situation. However, bulls are trying to counter-attack and to develop a correction at least. Will sellers’ Great Wall prevent bulls from going higher? ETH/USD has negative moods generally and this scenario seems to be impossible in short and midterm currently. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_hourly_1.jpg&t=665&c=oSCKImPdRtNDVw) Let’s see what is happening within the Fibonacci retracement tool. Ethereum is testing the closest resistance area at $596.06. It had a correction on Thursday according to our expectations, but buyers were unable to go higher stopped by the red midterm descending trend line. The possible scenarios for the currency pair are the following: 1. Green scenario (deeper bullish correction). The currency pair will cross the current resistance area at $596.06 and move higher towards the red descending trend line. If successful, buyers will be able to break through this trend line and to target the closest resistance area at $626.66, which coincides with 1.618 retracement level. 2. Red scenario (bearish). The currency pair will jump off the resistance area at $596.06 and move towards the closest support area at $566.90 coinciding with 2.618 retracement level. If they test this area successfully, sellers will be able to break it though targeting new local lows, established on Wednesday. 3. Orange scenario (neutral). The currency pair will follow the red scenario until the support area at $566.90 but instead of breaking it though, ETH/USD will jump off this horizontal line targeting the resistance area at $596.06. Ripple (XRP/USD) Price Analysis, May 25![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly.jpg&t=665&c=nykB42LlXh_lOg) Ripple is one of the few currencies that is currently above the red descending midterm trend line. XRP/USD had a correction started on Wednesday, but it was not a deep one as the currency pair still has negative moods. Midterm tendency is still downside. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_1.jpg&t=665&c=jrvHsMCtlOh35g) Let’s have a closer look at what is happening within the Fibonacci retracement graphic tool. XRP price has reached the closest resistance area at $0.6216 in the past few hours and seems to jump off it as buyers are still unable to break it through. The next possible target for XRP/USD is the closest support area at $0.5914. The possible scenarios for XRP/USD are the following: 1. Red scenario (bearish). The currency pair will fall to the closest support area at $0.5914 and break through this level aiming the next 2.618 retracement level. 2. Orange scenario (neutral). XRP/USD will follow the red scenario first, but then will jump off the closest support area at $0.5914 and move towards the closest resistance area at $0.6216, which coincides with 1.618 retracement area. Ripple will jump off those lines targeting the support area at $0.5914. 3. Green scenario (bullish correction). XRP price will follow red and orange scenarios first but will break through 1.618 retracement level, which coincides with $0.6216 targeting one retracement level coinciding with $0.6515 resistance area. Take a look at Litecoin (LTC/USD) and IOTA (MIOTA/USD) Price Analysis, May 25
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Dany44 (OP)
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May 28, 2018, 02:26:36 PM Last edit: May 28, 2018, 02:57:03 PM by Dany44 |
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Bitcoin, Ethereum, Ripple, EOS Start This New Week in Red: Price Analysis, May 28 Red again: cryptos start this week in negative area, establishing new local lowsThe cryptocurrency market is still unable to stand up after a shocking knockout. There were some positive attempts on Friday, but the price stood neutral during the weekend and started to decline on Monday. There is still no news to awake cryptos as they continue to slide down their trend lines like snakes. We have two conferences on the way- Blockchain & Bitcoin Conference Australia as well as Bitcoin meetup. The last to take place in San Francisco, US. Those events may cause some positive changes, but it is still too early to analyze them. Regardless this general negative scenario that is unfolding now in the crypto market, there is some positive news coming from different regions regarding the expansion of cryptocurrencies into the real economy. Bitcoin is now accepted by Stormy Daniels’ adult website and may be used to pay utility bills in the Czech Republic. As for Ripple, this crypto is now available for Stock app users. Bitcoin (BTC/USD) Price Analysis, May 28![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly_28.05.jpg&t=665&c=_I1BhuxAd2cf7g) Bitcoin is still unable to get off the ground as BTC price continues to slide down the trend line establishing new lows. There are no significant losses in the past 24 hours as BTC/USD falls less than two percent. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly%25201_28.05.jpg&t=665&c=qHhfJ3kuK8jPOQ) The currency pair managed to cross the descending trend line on Friday and followed the green scenario. BTC/USD reached 1.618 retracement level, which coincides with $7,565 resistance area. However, later Bitcoin resumed declining and reached the descending trend line. The possible scenarios for BTC/USD are the following: 1. Red scenario (bearish). The currency pair will break through the support area at $7,199 and move below it developing downside tendency. 2. Orange scenario (neutral). BTC/USD will jump off the current support area at $7,199 and move upwards targeting the closest resistance area at $7,565, which coincides with 1.618 retracement level. 3. Green scenario (bullish correction). The currency pair will go towards $7,565 resistance area and break it through aiming the next resistance area at $7,949. We think that neutral scenario has more chances to develop. However, bullish correction towards $7,949 is also possible. Ethereum (ETH/USD) Price Analysis, May 28![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_28.05.jpg&t=665&c=2gCGt3BUH2v8YA) ETH/USD has lost over eight percent in the past 24 hours. It is still below the descending trend line meaning bears dominate the market. There is even not a single sign for future reverse as ETH price is unable to cross this midterm trend line. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_1_28.05.jpg&t=665&c=MEdQ5kqwalvZfA) Let’s have a closer look at what is happening on the hourly chart within the Fibo retracement. ETH price jumped off 3.618 retracement level several hours ago and seems to start a bullish correction now. ETH/USD followed orange scenario and reached $596.08 resistance area. However, later the price declined towards the support area at $566.90. The possible scenarios for ETH/USD are the following: 1. Red scenario (bearish). The currency pair will go towards 3.618 retracement level and break it through. 2. Orange scenario (neutral). Ethereum will go towards the descending trend line and the closest resistance area at $566.90. Once this area reached, ETH/USD will reverse downwards. 3. Green scenario (bullish correction). The currency pair will reach 2.618 retracement level and red descending trend line, break the through and go higher aiming at the closest resistance area at $596.08. The neutral scenario has better chances to develop. Ripple (XRP/USD) Price Analysis, May 28![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_28.05.jpg&t=665&c=A5hkWpReP6KyJw) Ripple has lost nearly six percent in the past 24 hours. The currency pair is above the descending trend line, but bulls still seem to be unable to change the situation significantly as XRP price continues to slide down. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_1_28.05.jpg&t=665&c=rD16Mn_4F0Y-gg) Let’s have a closer look at the situation on the hourly chart. Ripple followed the orange scenario during the weekend but started this new week with a serious decline. XRP/USD managed to fall towards 2.618 retracement and established a new local low. Possible scenarios for Ripple are the following: 1. Red scenario (bearish). Ripple will develop its downside progress targeting new local lows. 2. Orange scenario (neutral). XRP price will run towards the closest resistance area at $0.5914. XRP/USD is likely to reverse afterwards. 3. Green scenario (bullish correction). XRP/USD will reach the closest resistance area at $0.5914 and cross it targeting the next 1.618 retracement area, which coincides with $0.6216 resistance area. The neutral scenario seems to have better chances on Monday. Take a look at EOS (EOS/USD) and Zcash (ZEC/USD) Price Analysis, May 28
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arthotdog
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May 28, 2018, 02:55:19 PM |
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Icon is looking good atm. Could see a bit of a rise as it is retesting break out zone. TA below https://t.me/CryptoInMinutesWhat do you reckon? What altcoin do you mean is looking good ATM yesterday? Maybe your basis is Just delayed thats why you think altcoins not affected,checking the altcoins now they are almost dead,and striving to live.. I am hoping that this will stop this weekends because if not,our folio is dead
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deonyx
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May 28, 2018, 03:16:03 PM |
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Bitcoin is not a respecter of no man's words as BTC has totally denied all technical analysis and heading towards whichever direction that it chooses to follow.
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rumexx
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May 28, 2018, 04:38:58 PM |
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Good daily report with an incisive analysis for each day. I will be working with this site( https://cryptocomes.com/pricewise) to do my analysis and forecast. Thanks for such information.
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Dany44 (OP)
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May 29, 2018, 07:40:31 AM |
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Good daily report with an incisive analysis for each day. I will be working with this site( https://cryptocomes.com/pricewise) to do my analysis and forecast. Thanks for such information. you're welcome!
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Dany44 (OP)
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May 29, 2018, 03:04:36 PM |
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Bitcoin, Ethereum, Ripple Still Falling, Cardano Surprisingly Grows: Price Analysis, May 29 Bitcoin and other major cryptocurrencies are still looking for support while Cardano surprisingly risesThere is two news today– both bad and good. The bad one is that Bitcoin, Ethereum, Ripple are still going down without any sign of a reversal. The good one is that they have slowed down their downside tendencies. However, no one can say for how long. Psychologically, the crypto industry is still bearish. There is no a single event to help bulls to break this negative tendency. Bears continue to dig themselves deeper into the ground, establishing new lows almost every day. As for crypto news, there are some interesting events to mention. The South Korean Bithumb exchange has banned traders from 11 Non-Cooperative Countries and Territories including Iraq, Iran, Bosnia and Herzegovina, Tunisia, Trinidad and Tobago, Vanuatu, Yemen and others. The other interesting event for the cryptocurrency community is that six companies in Japan have opened crypto exchanges on the Tokyo Stock Exchange. The fundamental outlook, however, is still negative. Hodlers and buyers are still waiting for some good news to come. Bitcoin (BTC/USD) Price Analysis, May 29![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly_2.jpg&t=665&c=YOtDQToC5LGYPw) Bitcoin is still going along the red midterm descending trend line and shows no sign of recovery. The currency pair established new lows on Monday meaning sellers still have control over the market. BTC/USD seem to aim at $6,510 in midterm. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc%2520hourly%25201_0.jpg&t=665&c=5LABp8m-W-9l0g) Let’s have a closer look at what is going on the hourly chart. BTC price has jumped below the $7,199 support area and is trading there currently. Bitcoin has chosen the red scenario (bearish) on Monday. BTC/USD slides down along the red midterm descending trend line. Possible paths for Bitcoin are the following: 1. Red scenario (bearish). BTC/USD will continue to fall without any significant correction or after a correction towards the closest resistance area at $7,199. The closest targets for BTC/USD are 2.618 retracement level and the support area at $6,943. 2. Orange scenario (neutral). Bitcoin will jump over the closest resistance area at $7,199 and move higher targeting the next resistance area at $7,565, which coincides with 1.618 retracement level. Once those targets are reached, BTC/USD will reverse towards $7,199. 3. Green scenario (bullish correction). There are still chances that buyers will be able to make a kind of a correction. BTC price will reach $7,565 and move higher targeting the $7,949 resistance area, which coincides with one retracement level. Ethereum (ETH/USD) Price Analysis, May 29![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh4.googleusercontent.com%2FHgUIJG6FlfUVzECvk0ikl4nQEtZK5fFmn-R6hQjb79XJCyLr7sc9ai_uewLvpF7M9Xen0zs_y0RZRcHJ7UsvfxrBwNviCfSp4YLwyjtTX3msn1sd2vdHm0JU03tHPvXVqIolUBPU&t=665&c=XfYfaNAsYBnZIg) Ethereum has lost nearly two percent in the past 24 hours, meaning the currency pair slows down its downside tendency. There is a possibility of a bullish correction. However, ETH price still stays below the descending trend line and we have a general downside tendency. Midterm outlooks still negative. The price is able to reach $453.24 support area at least. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh3.googleusercontent.com%2FxiFOdeJFeCm2BSsGJymavJcArJaENf5ahUkkRZNR3JYSEbTh977sFvfYWOkkeV0qNXxtPHgyQeN2P90nvTjfXKlT7nFHu3VT9_1yftnGh8PWu3rc1EUL-jMkIVKW9VBVY3jreexI&t=665&c=b4gmb5AV0ouS1w) Let’s have a closer look at ETH/USD’s hourly chart situation. The currency pair has reached the support area at 3.618 retracement level and has fallen back from there. It seems that Ethereum goes towards the closest resistance area at $566.90, which coincides with 2.618 retracement level. The possible scenarios for ETH/USD are the following: 1. Red scenario (bearish). The currency pair will fall from the current levels or from $566.90 towards 3.618 retracement level and then lower, towards 4.236 retracement level, which coincides with $473.39 support area. 2. Orange scenario (neutral). This one is similar to a red variation, but ETH price will not break through 3.618 retracement level and jump off it. 3. Green scenario (bullish correction). ETH price will follow the orange scenario until $566.90 resistance area and then will break it through targeting $596.08 resistance area. Ripple (XRP/USD) Price Analysis, May 29Ripple has left the midterm descending trend line, but we have drawn another short-term one as the currency pair still follows a downside tendency. XRP/USD has lost over two percent in the past 24 hours. Ripple’s downtrend slows down, but it is still in place meaning bears control the market. Midterm outlook still negative. The currency pair is able to reach $0.5000. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Flh5.googleusercontent.com%2FEwbmZgNFRdkg8dPxbaMU1p75IBb3cyLPbOvLTmI3ukquhFHw4SDpa0_Yq17kstJtvoxjpKRsVSHlginRtinf7GltDWYUPNRn7mBlXwK_2qG0RRhLrssC5SFamID5VjkOTCURSL-Y&t=665&c=zJY97YFwHzKU0A) Let’s have a closer look at the hourly chart situation. XRP/USD has reached new lows on Monday and touched $0.5444 support area. The currency pair jumps off this level later and crossed 2.618 retracement level as a part of the bullish correction. The possible scenarios for XRP/USD are the following: 1. Red scenario (bearish). The currency pair will jump off $0.5914 resistance area and move lower aiming at 2.618 retracement level. The second target for the bears lies at $0.5444 support area. 2. Orange scenario (neutral). XRP/USD will rise towards $0.6216 and reverse towards the current support area at $0.5914. 3. Green scenario (bullish correction). The currency pair will move towards $0.6216 and cross this resistance area aiming the next one, which lies at $0.6515. Take a look at EOS (EOS/USD) and Cardano (ADA/USD) Price Analysis, May 29
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bummm
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May 29, 2018, 06:48:46 PM |
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Curious. It is always interesting to read somebody's predictions and compare them with your own. I suppose that this year, Bitcoin can climb the 25K hill.
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Dany44 (OP)
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May 30, 2018, 02:31:40 PM |
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Crypto Markets in Green, Bitcoin, Altcoins in Correction Mood: Price Analysis, May 30 Bitcoin and other major cryptocurrencies are in correction on Wednesday. Bytecoin is day’s leaderCrypto market is in green on Wednesday. All coins from the top 20 are in correction having positive moods. Is it a complete reverse or just a bullish correction on the eve of an even greater decline? We don’t think that the crypto industry has changed its mind and reversed with no significant reason. It seems to be a correction as market players are bored of this downside tendency already. They wanted some air to breathe. However, there is one important event that is to be mentioned. South Korea is ready to reverse ICO’s ban. This event is important for the whole industry and is one of the reasons for the current correction. As for other news, there are no important ones to affect the markets significantly. However, we would like you to pay attention to the following aspects. First, Chinese security Giant 360 has found vulnerabilities in EOS system that lead to possibilities of execution of arbitrary code on any EOS node. This event had almost no impact on EOS as the cryptocurrency added nearly 10 percent on Tuesday-Wednesday. Bitcoin (BTC/USD) Price Analysis, May 30![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_2.jpg&t=665&c=1nv-0N4uBT9QVw)
Bitcoin has started a bullish correction finally. BTC price is above the midterm descending trend line. The goals at $6,510 are still actual, but they may be reached after a correction only. However, fundamental factors like ICO’s ban reverse in South Korea may break midterm downside scenario. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_hourly_1_1.jpg&t=665&c=Cieuoh2WQLrnDg) Let’s have a closer look at BTC/USD within Fibonacci formation. The currency pair follows the orange scenario in the moment of writing. BTC price has crossed $7,199 area on Tuesday and reached the resistance area at $7,565, which coincides with 1.618 retracement level. What are the possible ways for Bitcoin in the next 24 hours? 1. Orange scenario. BTC price will jump off the current resistance area at $7,565 and move towards the support area at $7,199. If sellers will be able to break this support area out, there is a possibility of red scenario below $7,199. 2. Green scenario (deeper bullish correction). Bitcoin will cross $7,565 resistance area and move higher targeting one retracement level, which coincides with the next resistance area at $7,949. We think that Bitcoin is likely to develop its correction on Wednesday. Ethereum (ETH/USD) Price Analysis, May 30![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_hourly_4.jpg&t=665&c=6roQ_MzrianeDg) Ethereum added over seven percent in the past 24 hours as the currency pair has started a bullish correction finally. ETH/USD has crossed the midterm descending trend line and fluctuates above it. The currency pair is still in the downtrend, but this bullish correction may be deeper depending on levels that ETH price will approach and cross. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_hourly_1_1.jpg&t=665&c=383Z0m1te1cP3A) Let’s get down to Fibonacci and see what perspectives ETH/USD has in the nearest future (in the next 24 hours, to be more exact). The currency pair jumped off 3.618 retracement level on Monday-Tuesday and moved towards 2.618 retracement level, which coincides with $566.90 resistance area. What are the possible ways for ETH/USD in the next 24 hours? 1. Red scenario (bearish). The currency pair will end the correction close to the current level and reverses downwards targeting the red midterm descending trend line and 3.618 retracement level (which is the closest support area currently). 2. Orange scenario (neutral). Ethereum will move towards the closest resistance area at $596.08 and reverse there to reach 2.618 retracement area. This is a neutral scenario as the price will stay within the current range. 3. Green scenario (bullish correction). Ethereum will reach $596.08 resistance area, cross it and run higher, towards 1.618 retracement level, which coincides with $626.66 resistance area. Ripple (XRP/USD) Price Analysis, May 30![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_0.jpg&t=665&c=2mfBA5idLKml0w) Ripple has added more than eight percent in the past 24 hours meaning the crypto is in a deeper correction currently. XRP/USD has successfully tested another local descending trend line and fluctuates above in the moment of writing. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_1_1.jpg&t=665&c=5Wa1qfKruxLwHg) Let’s see what is going on the hourly chart within the Fibonacci retracement indicator. XRP price has crossed $0.5914 resistance area and even tested it from the above. Bulls were able to hold their lines and to move XRP/USD even higher towards $0.6216, which coincides with 1.618 retracement level. That we see now is the attempt to test this level again. Let’s look through the possible ways for XRP/USD: 1. Red scenario (bearish). XRP/USD will move towards $0.5914 and cross this area targeting 2.618 retracement level. The red scenario is also possible via Orange one (meaning XRP/USD will reach $0.6216 again, jump off it and then fall below $0.5914). 2. Orange scenario (neutral). Ripple will retest $0.6216 resistance area and reverse downwards targeting $0.5914 support area. 3. Green scenario (bullish correction). XRP/USD will break through $0.6216 resistance area targeting $0.6515 resistance area, which coincides with one retracement level. Take a look at EOS (EOS/USD) and Bytecoin (BCN/USD) Price Analysis, May 30
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Dany44 (OP)
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June 01, 2018, 02:44:40 PM |
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Bitcoin, Ethereum, Ripple in Green, IOTA Day’s Leader: Price Analysis, June 1 EOS loses a little, IOTA grows, cryptocurrencies across the board are being in greenAll the major cryptos from the top 20 are in a positive mood on Friday, but in general, there is no clear tendency currently as fluctuations are neutral. Cryptocurrencies seem to stop or to pause (which sounds better here) their downtrend for a while. However, what we see now on the charts looks like a correction and not a reversal. The fundamental background is neutral in the moment of writing as there are no news to affect the industry significantly. However, some interesting facts we have gathered here. Despite the fact that almost all cryptos are green, EOS looks weak as Qihoo 360 has found security problems that lead to some losses. However, EOS still holds its positions generally as the system will transfer to mainnet on June 2, 2018. As for the general picture, cryptocurrencies still need some good news to start the uptrend. They remain neutral and seem to be in correction to the previous downtrend. Bitcoin (BTC/USD) Price Analysis, June 1![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_hourly_4.jpg&t=665&c=nm44fnAOR4Bx5A) The currency pair started a correction this week and added around one percent on Friday. BTC/USD has jumped over the descending trend line and moved higher meaning bulls have finally found their support point. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_hourly_1_4.jpg&t=665&c=sihP2vHfHKRcyQ) Let’s have a closer look at the current situation within the Fibo retracement graphic tool. The currency pair still tests 1.618 retracement level, which coincides with the $7,565 resistance area. It stays within a horizontal channel with no clear direction. However, we have lower lows meaning the currency pair forms a kind of an ascending triangle, which is able to burst upwards. The possible ways for BTC/USD are the following: 1. Red scenario (bearish). The currency pair will move towards the closest support area at $7,199 to test it. If successful, sellers will be able to push BTC/USD even lower. 2. Orange scenario (neutral). BTC/USD will move towards the closest support at $7,199 to test this line. However, bears will be unable to penetrate through this area and will retreat as BTC price will go upwards targeting the closest resistance area at $7,565. 3. Green scenario (bullish). Bitcoin will jump over $7,565 and run higher targeting one retracement level, which coincides with the $7,949 resistance area. Ethereum (ETH/USD) Price Analysis, June 1![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_hourly_5.jpg&t=665&c=rwihl9WRjSTQoQ) Ethereum has added nearly two percent in the past 24 hours. However, the situation currently is still far from being positive as ETH price has difficulties to grow. ETH/USD is above the descending trend line currently meaning buyers have a chance to change the game. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_hourly_1_2.jpg&t=665&c=YF1wZ_vjLLqNyg) Let’s zoom a bit to the Fibo retracement tool. ETH price shows low volatility today. It is close to the support area at $566.90. ETH/USD has broken through the descending trend line on Wednesday. Ethereum makes attempts to run higher since but still needs more power. What are the possible ways for ETH/USD? 1. Red scenario (bearish). ETH/USD will break through the current support area at $566.90 and move lower targeting the next support area at 3.618 retracement level. 2. Orange scenario (neutral). Ethereum will jump off the current support area at $566.90 and move higher towards the next resistance area at $596.08. ETH/USD will reverse there to move lower (flat fluctuations). 3. Green scenario (bullish). The currency pair will reach $596.08 resistance area and move higher towards $626.66 resistance area, which coincides with 1.618 retracement level. Ripple (XRP/USD) Price Analysis, June 1![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_3.jpg&t=665&c=1I_9a8aUZMJL_g) The currency pair added nearly one percent in the past 24 hours. The volatility is low and there are no drivers currently to affect XRP price significantly. However, XRP price is above two descending trend lines (midterm and short-term) meaning chances for the price to rise are higher. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_hourly_1_2.jpg&t=665&c=aTgArw5TPgfueA) Ripple has reached the resistance area at $0.6216, which coincides with 1.618 retracement level. There were several tests, but bulls were unable to cross this line. The price jumped off $0.6216 again and moves towards the closest support area at $0.5914 in the moment of writing. What are the possible ways for ETH/USD? 1. Red scenario (bearish). Ripple will reach the closest support area at $0.5914 and cross it targeting the next support at 2.618 retracement level. 2. Orange scenario (neutral). The currency pair will jump off the closest support area at $0.5914 and mover higher towards 1.618 retracement level, which coincides with $0.6216 resistance area. There, XRP price will reverse again to run lower (meaning flat channel trading). 3. Green scenario (bullish). The currency pair will reach the closest support area at $0.5914 (or start from the current levels) and then will reverse upwards targeting $0.6216 and the next resistance area at $0.6515. Take a look at EOS (EOS/USD) and IOTA (IOTA/USD) Price Analysis, June 1 HERE
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Dany44 (OP)
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June 04, 2018, 01:48:45 PM |
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Bitcoin, Ethereum, EOS Uncertain, NEO Day’s Loser: Price Analysis, June 4 Bitcoin, Ethereum and EOS look uncertain while NEO loses nearly five percentBitcoin and its rivals seem to change their tendencies as they continue to establish new higher highs and higher lows. This positive mood means that corrections go on as there are no significant fundamental drivers to change the situation. Market participants seem to be tired of those midterm downtrends and make cautious attempts to buy cryptos expecting that those corrections will give support for buyers and they will be able to develop progress. As for news, there are some interesting facts related to EOS and other cryptocurrencies. The debates between EOS and Qihoo continue as Daniel Larimer, EOS developer, accused Qihoo 360 security in a malicious move against the cryptocurrency, which lead to EOS downtrend. Qihoo 360 founder and CEO Zhou Hongyi denies any malicious intentions underlying that bugs were fixed even before the report. Another interesting event that is worth our attention is the announcement of the world’s largest venture capital fund by Binance exchange. The main target of this unit is to provide investments to startups and other Blockchain funds. Bitcoin (BTC/USD) Price Analysis, June 4![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_04.06.jpg&t=665&c=qLTj7n28GFmh5g) The currency pair has lost nearly two percent in the past 24 hours but this time there is nothing to worry about. As we can see, BTC/USD goes along the short-term ascending trend line jumping over one resistance area after another. Technically and fundamentally, this is a correction still as there are no positive drivers to change the tendency. However, those who have bought earlier, already gained some profits. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc1_04.06.jpg&t=665&c=88zFIu-jzbZxSg) Let’s have a closer look at BTC/USD. The currency pair has jumped over the resistance area at $7,565 during the weekend and managed to test another resistance area at $7,734. BTC price declined towards the ascending trend line later. BTC/USD is testing this trend line, which coincides with $7,565 support area and 1.618 retracement level currently. The probable ways for Bitcoin are the following: 1. Red scenario (bearish). The currency pair will break through the trend line and move lower targeting two closest support areas at $7,341 and $7,199. 2. Orange scenario (neutral). The currency pair will stay between support area at $7,565 and resistance are at $7,734. This horizontal channel may be larger including the next resistance area at $7,949. 3. Green scenario (bullish). The currency pair will move upwards directly breaking through resistance areas at $7,734 and $7,949. Ethereum (ETH/USD) Price Analysis, June 4![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_04.06.jpg&t=665&c=-JXshTlPQUEmEA) Ethereum seems to have recovered in general as it goes along is short-term ascending trend line meaning bulls have finally found support and try to drive ETH/USD higher. However, the currency pair having lost nearly two percent in the past 24 hours as bears make attempts to counter-attack. This upside run is nothing more than a correction still as fundamentally there are no reasons for Ethereum to change its trend. Anyway, traders can benefit from this correction. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_1_04.06.jpg&t=665&c=B0WHWGVk8HuQGg) Let’s have a closer look at the hourly chart. ETH price tries to break through the green ascending trend line and tests the closest support area at $596.08. ETH/USD ran higher during the weekend and established new local highs at $626.66, which coincides with 1.618 retracement level, but then buyers retreated allowing sellers to start a local bearish correction. The possible ways for ETH/USD are the following: 1. Red scenario (bearish). The currency pair will break through the trend line and the closest support area at $596.08 and move lower targeting the next support area at $566.90, which coincides with 2.618 retracement level. 2. Orange scenario (neutral). ETH price will reach the closest resistance area at $626.66 and jump off it moving towards the green ascending trend line. Horizontal channel for the neutral scenario is limited by support area at $596.08 and resistance area at $626.66. 3. Green scenario (bullish). ETH/USD will cross $626.66 resistance area and run higher targeting $662.39 resistance area. Ripple (XRP/USD) Price Analysis, June 4![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_04.06.jpg&t=665&c=xrGjOZne6gOt2g) The currency pair seems to restore as XRP price reached the end of Fibonacci retracement on the weekend. However, later, XRP/USD jumped off this resistance area at $0.7013 and moved lower targeting the green ascending trend line. Ripple added less than one percent in the past 24 hours due to the local bearish correction that we can see on the Hourly chart currently. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_1_04.06.jpg&t=665&c=EooZ7ouUJiKG3g) Let’s have a closer look at the hourly chart. Ripple followed the other allied currencies and managed to establish new local highs. We have drawn this local red ascending trend line, which is under bombardment in the moment of writing as XRP/USD is trying to breach it. The possible ways for the currency pair are the following: 1. Red scenario (bearish). Ripple will break through the ascending trend line and the closest support area at $0.6515 and develop its downside progress targeting $0.6216 support area, which coincides with one retracement level. 2. Orange scenario (neutral). The currency pair will move towards 0.618 retracement level and then decline to the current support area at $0.6515. 3. Green scenario (bullish). XRP/USD will cross all Fibonacci retracement level and reach $0.7013 resistance area at least. Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 4
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FalcoonRed
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June 04, 2018, 02:20:25 PM |
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btc and altcoin are red but ethereum even more red, i do not understand with ethereum.
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Dany44 (OP)
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June 05, 2018, 02:12:58 PM |
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Bitcoin, Ethereum, EOS, Ripple, NEO Return to Downtrend: Price Analysis, June 5 Bitcoin, Ethereum and EOS lose momentum, the top 15 cryptos are in red todayCrypto coins seem to return to their downtrends again as almost all the top 20 cryptocurrencies have lost some positions in the past 24 hours. There is no evident reason for them to fall and those downside tendencies may be part of local downward corrections. As for interesting news, Vitalik Buterin, Ethereum’s founder has revealed that his project is able to process 100 mln transactions per second. He explained that sharding along with Plasma (second layer) will allow the Ethereum network to solve scalability problems. Another interesting thing to pay attention to is that Ripple has announced plans to donate $50 mln to conduct research works and to accelerate cryptocurrencies’ adoption. Bitcoin (BTC/USD) Price Analysis, June 5![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_05.06.jpg&t=665&c=2dcGg7VitC_Bxw) Bitcoin seems to return to the downside tendency as BTC price has lost almost two percent in the past 24 hours. BTC/USD managed to establish a temporary upside tendency during the weekend, which was a part of an upside correction. However, on Monday BTC/USD started to decline. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_1_05.06.jpg&t=665&c=EHixaMjBdlGbPw) Let’s have a closer look at what is going on the hourly chart. Bitcoin has broken through the red ascending trend line and moved lower meaning it has stopped its local uptrend (part of an upside correction). However, BTC/USD jumped off $7,341 support area, which prevents the currency pair from further downside tendency. The possible ways for BTC/USD are the following: 1. Red scenario (bearish). The currency pair will break through the closest support area at $7,341 and move lower targeting the next support area at $7,199. 2. Orange scenario (neutral). BTC/USD will stay within the current range between the resistance area at $7,565 and the support area at $7,341 jumping off both levels. 3. Green scenario (bullish). Bitcoin will cross the closest resistance area at $7,565 and move higher, targeting the next resistance area at $7,734. Ethereum (ETH/USD) Price Analysis, June 5![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth%2520%25281%2529.jpg&t=665&c=m7smdvzBrbGS1Q) Ethereum followed the other allies and went downwards on Monday after the weekend’s rally, which was a part of an upside correction to the midterm downtrend. ETH/USD has lost more than two percent in the past 24 hours and is able to develop this negative tendency in the nearest future. If the upside correction is done, ETH/USD will likely to develop its downside progress. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_1.jpg&t=665&c=iZx2Tbtc82uB4A) Let’s have a closer look at what is happening on the hourly chart. ETH/USD has reached $626.66 resistance area during the weekend but was unable to cross it. The currency pair has started a short-term downside correction on Monday, which looks like the downtrend in the moment of writing as ETH/USD has broken through the green ascending trend line. Ethereum was stopped at $566.90 support area, which coincides with 2.618 retracement level. What are the possible ways for ETH/USD? 1. Red scenario (bearish). The currency pair will break through $566.90 and move lower targeting $540.69 support area. 2. Orange scenario (neutral). ETH/USD will test the closest resistance area at $596.08 and jump off it targeting the closest support area at $566.90. The currency pair will stay within this range with no significant fluctuations. 3. Green scenario (bullish). Ethereum will break through the resistance area at $596.08 and move higher targeting the next resistance area at $626.66, which coincides with 1.618 retracement level. Ripple (XRP/USD) Price Analysis, June 5![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp.jpg&t=665&c=Omkmlwe7_kKx7g) Ripple moved downwards on Monday meaning this upside correction, which was developing during the weekend has come to an end. The currency pair has lost more than one percent in the past 24 hours but bulls still make attempts to reverse the price. XRP/USD failed to leave the Fibonacci retracement during the weekend meaning buyers are still unable to change the situation in their favor. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_1.jpg&t=665&c=wjT2AicekzGBcQ) Let’s see closer what’s happening on the hourly chart within the Fibonacci tool. Ripple has breached the green ascending trend line and moved lower. XRP/USD is currently above the support area at $0.6515, which coincides with one retracement level. The following ways for Ripple are the following: 1. Red scenario (bearish). The currency pair will move towards the closest support area at $0.6515 and cross it targeting the next support area at $0.6216. 2. Orange scenario (neutral). XRP/USD is going to fluctuate within the range, limited by the resistance 0.786 retracement level and the support area at $0.6515. 3. Green scenario (bullish). Ripple will cross 0.786 retracement level and several other retracement levels targeting $0.7013 resistance area. Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 5
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Dany44 (OP)
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June 06, 2018, 01:26:21 PM Last edit: September 10, 2018, 10:26:11 AM by Dany44 |
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Bitcoin, Ethereum, EOS Return to Upside Correction: Price Analysis, June 6 Holy Top 20 is in green Wednesday, technical factors rule the marketsThe Holy Top 20 is green Wednesday (except Lisk naturally, which has shown the negative dynamics in the past 24 hours), which means that cryptocurrencies have returned to their correction paths. Is there something important to make investors and traders change their bearish moods? Obviously, nothing to pay attention to. This correction is a technical aspect that has no fundamental basis currently. However, nobody is able to predict whether there will be no reasons for growth tomorrow. Anyway, those who have already bought cryptos in the beginning of their corrections are happy now as cryptocurrencies have deeper corrections than initially expected. As for news, there is nothing to affect the industry, but we would like to mention Steve Wozniak’s interview, in which he stated that Bitcoin will become the global crypto in 10 years. Bitcoin (BTC/USD) Price Analysis, June 6![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc.jpg&t=665&c=dqQNdyLflEwVOg) Bitcoin continues its correction to the downtrend, which generally looks like wide flat fluctuations. BTC/USD has added almost two percent in the past 24 hours. However, Bitcoin remains under the green ascending trend line, meaning the correction momentum is lost already. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fbtc_1.jpg&t=665&c=5TEp33SANqHP9g) Let’s get closer to the current situation. BTC/USD has reached the support area at $7,341 on Tuesday, but jumped off this level later and managed even to cross the closest resistance area at $7,565. The currency pair has tested the green ascending trend line from below, but buyers were unable to drive Bitcoin higher. The possible ways for BTC/USD are the following: 1. Red scenario (bearish). The currency pair will break through the closest support area at $7,565 and move lower targeting the next support area at $7,341. 2. Orange scenario (neutral). Bitcoin will stay within the range, limited by the resistance area at $7,734 and the support area at $7,565 without significant price changes. 3. Green scenario (bullish). BTC/USD will move towards the closest resistance area at $7,734 and break it through targeting the next resistance area at $7,949. This scenario includes also the probability for Bitcoin to jump over the green ascending trend line. Ethereum (ETH/USD) Price Analysis, June 6![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth.jpg&t=665&c=4fekcMfbKl9o7A) Ethereum has added almost two percent in the past 24 hours but ETH price is still below the green ascending trend line. The situation looks like ETH/USD is in correction in general, but the latest fluctuations show that the currency pair is in a large flat with no clear direction. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Feth_1_0.jpg&t=665&c=lBYw0b2hbEkrzg) Let’s see closer what is happening inside the Fibonacci retracement. ETH/USD has reached 2.618 retracement level on Tuesday but failed to hold it as ETH price went upwards. Ethereum has crossed the closest resistance area at $596.09 later. The currency pair stays above this level currently, below the ascending trend line. What are the possible ways for Ethereum? 1. Red scenario (bearish). The currency pair will break through the closest support area at $596.08 and run lower targeting the next support area at $566.90. 2. Orange scenario (neutral). ETH/USD Will stay within the current horizontal range, limited by the resistance area at $626.66 and the support area at $596.08 without any significant changes. 3. Green scenario (bullish). The currency pair will break through $626.66 resistance area targeting the next one at $662.39. This scenario includes also situation when ETH/USD jumps over the ascending trend line. Ripple (XRP/USD) Price Analysis, June 6![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_0.jpg&t=665&c=29j-3HqAuypA6g) Ripple looks better than allies as the currency pair develops its upside correction. It is close to the boundary of Fibonacci retracement tool and may breach it in the nearest future. However, XRP/USD still stays below the green ascending trend line. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptocomes.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2Fxrp_1_0.jpg&t=665&c=b-SGq36TbUUl2Q) Let’s have a closer look at what’s happening on the hourly chart. The currency pair had a deep downside correction on Monday and Tuesday but managed to cross $0.6515 and several retracement levels. XRP/USD failed to jump over the green ascending trend line, but was close to it. Ripple seem to establish a bullish flag currently meaning the currency pair will be able to develop its upside tendency. What are the possible ways for XRP/USD? 1. Red scenario (bearish). The currency pair will cross 0.786 retracement level and the support area at $0.6515, which coincides with one retracement level targeting the next support area at $0.6216. 2. Orange scenario (neutral). The currency pair will stay between 0.5 and 0.786 retracement levels without significant price changes. 3. Green scenario (bullish). XRP/USD will develop its upside tendency targeting the upper boundary of the Fibonacci retracement, which coincides with the resistance area at $0.7013. Take a look at EOS (EOS/USD) and NEO (NEO/USD) Price Analysis, June 6
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