Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar.
The price formed a strong support near the $136 level before climbing above $138.
This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142.

Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH could continue to move higher towards the $145 resistance as long as it is above $138.
Ethereum Price Analysis
After a brief consolidation, ETH price formed a strong support near the $135 and $136 levels against the US Dollar. The ETH/USD pair slowly moved higher and broke a few important resistances near the $138 level. There was even a close above the $138 level and the 100 hourly simple moving average. This is a positive sign and has opened the doors for more gains above the $142 and $144 levels. More importantly, bitcoin price already climbed higher, challenging the $4,050 resistance, and it may continue to rise in the near term.
Therefore, it could help ETH, XRP, and other cryptocurrencies. During the recent upside, this week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD. There was a break above the 50% Fib retracement level of the last decline from the $142 swing high to $135 low. The price traded close to the $140 level and later corrected lower. It traded below the 23.6% Fib retracement level of the recent wave from the $135 low to $140 high.
However, the $138 level and the 100 hourly SMA acted as a strong support. Besides, the 50% Fib retracement level of the recent wave from the $135 low to $140 high acted as a support. The current price action suggests that the price is well supported above $138 and it may continue to rise. An immediate resistance is at $140, above which the price could break the $142 level.

Looking at the chart, ETH price is trading in a positive zone above the $138 level. If buyers remain in action, the price may even challenge the $145 resistance level. On the downside, if there is a break below the $138 support, the price may revisit the $136 support. The main support is near the $135 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently gaining traction in the bullish zone.
Hourly RSI – The RSI for ETH/USD climbed above the 50 level and it is currently near the 55 level.
Major Support Level – $138
Major Resistance Level – $142
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Bitcoin (BTC) Price Hesitates But Further Gains Seem Likely

Bitcoin price formed a strong support near the $3,940 level and climbed higher against the US Dollar.
The price managed to clear the $3,965 and $3,980 resistance levels to move into a positive zone.
Yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The current price action is positive, but buyers need to gain strength above the $4,000 resistance.

Bitcoin price started a slow and steady rise against the US Dollar. BTC is showing positive signs and it seems like there could be an upside extension above the $4,000 and $4,040 levels.
Bitcoin Price Analysis
Recently, we saw a downside correction in bitcoin price below the $4,000 support against the US Dollar. The BTC/USD pair declined below the $3,980 and $3,960 levels. However, the $3,940 level acted as a strong support along with the 100 hourly simple moving average. Later, a solid support base was formed above $3,940 and the price slowly moved higher. It broke the $3,960 resistance and the 50% Fib retracement level of the last slide from the $4,041 high to $3,935 swing low.
More importantly, yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair. The pair climbed above the $3,980 level to move into a positive zone. It traded above the $4,000 level and formed a high at $4,017 before correcting lower. There was a push below the 50% Fib retracement level of the last wave from the $3,836 low to $4,014 high. However, the price seems to be following an ascending channel with support at $3,965.
Besides, the 61.8% Fib retracement level of the last wave from the $3,836 low to $4,014 high is also near $3,965. Finally, the 100 hourly SMA is also positioned near the $3,960 support area. Therefore, the price could climb higher as long as it is above $3,960. An initial resistance is at $4,020, above which the price may test the $4,040 resistance.

Looking at the chart, bitcoin price is slowly gaining bullish momentum above the $3,980 level. However, BTC buyers need to gain strength above $4,020 and $4,040 to sustain the recent trend. Conversely, if there is a downside break below $3,960, the price could decline towards the 3,940 support. Any further losses might call for a sharp dip towards the $3,875 support in the near term.
Technical indicators:
Hourly MACD – The MACD is about to move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD moved above the 50 level and it is moving higher towards 60.
Major Support Levels – $3,960 followed by $3,940.
Major Resistance Levels – $4,000, $4,020 and $4,040.
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Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support.
Litecoin (LTC) price moved below the $60 support and it could extend the downside correction.
Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support.
Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220.
Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area.

The crypto market cap is currently at a risk of a downside break. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA could decline heavily if sellers gain control.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed to clear the $165 resistance against the US Dollar. The BCH/USD pair corrected lower and broke the $160 support recently. The current price action suggests that the price may move further lower towards the $155 support level.
The main support is near the $150 level, where buyers are likely to emerge. On the upside, an initial resistance is at $160 and $162, above which the price is likely to clear the $165 resistance in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price climbed to a new monthly high recently and traded above the $60 level. Later, LTC price started a downside correction and traded below. It seems like there could be more downside and the price may test the $58 or $56 support level. On the upside, the key resistances are $60 and $62.
Tron price remained under a lot of pressure and it recently failed to hold the $0.0230 support level. TRX price is now trading well below $0.0230 and it could continue to move down towards the $0.0220 support level.
Cardano price gained bullish momentum this week and broke the $0.0500 and $0.0510 resistance levels. ADA price is currently up more than 3% and it seems like it could surpass the $0.0520 and $0.0525 resistance levels to move further into the positive zone.

Looking at the total cryptocurrency market cap hourly chart, there were a couple of rejections near the $136.0B and $137.0B levels. The market cap moved down recently and it is currently trading near a crucial support at $133.2B. If there is a downside break, the market cap could decline towards the $132.0B or $130.0B support levels. In the mentioned scenario, there are chances of a downside extension towards the key $125.0B support. On the other hand, an upside break above $135.0B may spark bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins.
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Bitcoin (BTC) Price Watch: Market Presents Last Chance To Buyers

Bitcoin price struggled to climb above the $3,990 and $4,000 resistance levels against the US Dollar.
The price declined again and retested the key $3,940 support area and the 100 hourly SMA.
There is a short term bearish trend line in place with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Buyers might have the last chance for an upside break above the $4,000 resistance.

Bitcoin price is holding an important support near $3,940 against the US Dollar. BTC is likely to make the next move either above $4,000 or below the $3,900 support level.
Bitcoin Price Analysis
Yesterday, we saw the start of a downside correction in bitcoin price from the $4,041 high against the US Dollar. The BTC/USD pair corrected lower and traded below the $4,020 and $4,000 support levels. There was a break below the 23.6% Fib retracement level of the last wave from the $3,846 low to $4,041 high. Besides, there was a close below the $4,000 support and the price tested the $3,940 support area.
More importantly, the 50% Fib retracement level of the last wave from the $3,846 low to $4,041 high acted as a strong support. Sellers made two attempts to clear the $3,940 support, but they failed to gain strength. Similarly, buyers pushed the price above the $3,980 level, but they struggled to keep the price in a positive zone. The price was recently rejected near the $3,980 level. It is currently moving lower and it could retest the $3,940 support area.
It seems like buyers might have the last chance for an upside break above the $4,000 resistance. There is also a short term bearish trend line in place with resistance at $3,980 on the hourly chart of the BTC/USD pair. Therefore, buyers need to clear the trend line and the $4,000 resistance for a fresh upward move. If they fail, there could be a strong decline below the $3,940 support area. Besides, a close below the $3,940 support and the 100 hourly SMA could push the price towards the $3,900 or $3,880 support.

Looking at the chart, bitcoin price is clearly approaching the next break either above the $4,000 resistance or below the $3,940 support. As long as the price is above the 100 hourly SMA, there are chances of an upside break above $4,000. The next key resistance is at $4,040, followed by $4,100.
Technical indicators:
Hourly MACD – The MACD is slowly moving into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD recently tested the 40 level and it is currently moving towards 50.
Major Support Levels – $3,940 followed by $3,900.
Major Resistance Levels – $3,980, $4,000 and $4,040.
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Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area.
Bitcoin cash price started a downside correction after testing the $165 resistance.
EOS price is slowly moving lower towards the $3.70 support level.
Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances.
Tron (TRX) is currently flat near the $0.0230 support level.

The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX) remain supported on dips.
Bitcoin Cash Price Analysis
Bitcoin cash price climbed higher recently and settled above the $150 and $160 resistances against the US Dollar. The BCH/USD pair tested the $165 resistance and later started a downside correction. The price tested the $162 level and it seems like it could test the $160 support in the near term.
If there is a downside break below the $160 support, the price may decline towards the $150 swing support. On the upside, the $165 level is a strong resistance, above which the price may test the $170 level.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price failed to stay above the $3.80 pivot level and corrected lower recently. It traded below the $3.78 level and tested the $3.75 support. If there are additional downside, the price could revisit the key $3.70 support level before another increase.
Stellar price was one of the best performers as it gained traction above the $0.1110 resistance level. XLM price broke the $0.1120 and $0.1140 resistance levels to move into a positive zone. It is currently up around 4% and it may continue to climb towards the $0.1160 and $0.1180 levels.
Tron price extended range moves below the $0.0240 resistance level. TRX price recovered recently and moved above the $0.0230 level. At the moment, it is trading in a tight range, with an immediate resistance at $0.0232. The main resistances are near the $0.0235 and $0.0240 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $137.0B swing high. The market cap declined below the $135.0B support level. However, the $132.0B support and the 100 hourly simple moving average acted as strong supports. Besides, there is a key connecting bullish trend line in place with current support at $133.0B on the same chart.
If there is a downside break below $133.0B and $132.0B, the crypto market could gain bearish momentum. On the upside, a break above the $135.0B and $137.0B resistance levels is must for a fresh upward move in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term.
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Ripple Price Analysis: XRP At Risk In Short Term Before Fresh Increase

Ripple price carved a short term top near the $0.3200 level and declined recently against the US dollar.
The price failed to stay above the $0.3160 support and moved into a bearish zone.
Yesterday’s highlighted key bullish trend line was breached with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair traded below $0.3140 and it is now at a risk of more losses towards $0.3080 or $0.3060.

Ripple price failed to capitalize on recent gains against the US Dollar and bitcoin. XRP/USD broke the key $0.3160 support and it could extend the current correction towards the $0.3080 level.
Ripple Price Analysis
Yesterday, we discussed the importance of the $0.3200 resistance for ripple price against the US Dollar. The XRP/USD pair made a couple of attempts to clear the $0.3200 barrier, but it failed. Finally, there was a downside reaction and the price declined below the $0.3160 support. It traded below the 50% Fib retracement level of the last wave from the $0.3060 low to $0.3201 high. Furthermore, there was also a close below the $0.3160 support and the 100 hourly simple moving average.
More importantly, yesterday’s highlighted key bullish trend line was breached with support at $0.3150 on the hourly chart of the XRP/USD pair. The pair tested the next key support near $0.3110 and the 61.8% Fib retracement level of the last wave from the $0.3060 low to $0.3201 high. It is currently consolidating losses below $0.3150 and the 100 hourly SMA.
On the downside, an immediate support is near the $0.3110 level, below which the price is likely to slide towards $0.3080. An intermediate support is near $0.3094 and the 76.4% Fib retracement level of the last wave from the $0.3060 low to $0.3201 high. The main support on the downside is near the $0.3060 level, where buyers are likely to appear. On the upside, a convincing break above the $0.3160 level and the 100 hourly SMA may reduce the current bearish pressure.

Looking at the chart, ripple price is slowly moving into a bearish zone below $0.3160. However, the current wave can still be considered as a correction as long as the price stays above the $0.3060 support. On the upside, the main hurdle for buyers is near the $0.3200 level. A clear break above the $0.3200 barrier is must for upside continuation.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD recovered recently from 40 and tested the 50 level.
Major Support Levels – $0.3110, $0.3080 and $0.3060.
Major Resistance Levels – $0.3160, $0.3180 and $0.3200.
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Ethereum Price Analysis: ETH Turned Vulnerable Below $140

ETH price failed to climb above the $140-141 resistance area and declined against the US Dollar.
The price even broke the $137 support level and traded to a new weekly low near $135.
This is a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may extend the current downside correction if it fails to surpass the $140 resistance area.

Ethereum price is slowly moving into a bearish zone against the US Dollar and bitcoin. ETH is now at a risk of a bearish reaction if it fails to climb above the $140 hurdle.
Ethereum Price Analysis
Yesterday, we saw the start of a downside correction in ETH price from the $144 swing high against the US Dollar. The ETH/USD pair declined below the $140 support level and traded close to the $137 level. Later, there was an upside correction, but the price failed to clear the $140-141 resistance area. The price also failed to climb above the 61.8% Fib retracement level of the last slide from the $144 swing high to $137 swing low. As a result, there was a fresh drop and the price even broke the $137 support level.
A new weekly low was formed near the $135 level and the price is currently correcting higher. It moved above the $137 level and the 100 hourly simple moving average. There was a break above the 50% Fib retracement level of the recent decline from the $141 high to $135 swing low. However, there is a strong resistance formed near the $140 and $141 levels. There is also a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD.
An immediate resistance is just below $140 and near the 61.8% Fib retracement level of the recent decline from the $141 high to $135 swing low. To resume the last bullish wave, the price must break the $140 resistance and the trend line. If buyers fail to push the price higher, there are chances of a fresh drop below the $135 swing low.

Looking at the chart, ETH price is currently correcting the last week’s gains from the $128 swing low. It is approaching a couple of important supports such as $135 and $136. Having said that, if it fails to climb above the $140-141 resistance area, there is a risk of a downside correction below $135.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD spiked above the 50 level and it is currently moving higher towards 60.
Major Support Level – $135
Major Resistance Level – $140
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Bitcoin (BTC) Price Watch: Rally Takes Break, But Not Likely Over

Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar.
The price declined below $4,000 and tested the key $3,940 support area.
Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently moving lower, but it remains well supported near $3,940 and $3,920.

Bitcoin price corrected gains recently below $4,000 against the US Dollar. BTC could bounce back as long as it is trading above the $3,900 pivot area in the coming sessions.
Bitcoin Price Analysis
In the weekly analysis, we saw a nice upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $4,020 level and traded towards the $4,040 level. A high was formed at $4,041 and later the price corrected lower below $4,020. Sellers pushed the price below the $4,000 and $3,980 levels. There was a break below the 50% Fib retracement level of the last leg from the $3,884 low to $4,041 high.
However, the $3,940 level acted as a strong support and the price stayed well above the 100 hourly simple moving average. Moreover, the 61.8% Fib retracement level of the last leg from the $3,884 low to $4,041 high also acted as a support. Later, the price bounced back above the $3,960 level. There was also a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair. The pair spiked above the $4,000 level, but it failed to hold gains.
At the moment, it is moving lower towards the $3,940 support level, where buyers are likely to emerge. If there are more losses, the price may find a strong support near the $3,920 level and the 100 hourly SMA. The next key support is at $3,900, which was a crucial resistance earlier. On the upside, an initial resistance is at $3,980 and $4,000. A successful close above the $4,000 barrier may open the doors for more gains above the $4,040 and $4,050 levels.

Looking at the chart, bitcoin price is struggling to stay above the $4,000 level, but it remains well supported on dips. Having said that, if the price fails to stay above $3,920 and $3,900, it could move back in a bearish zone. The next major support is near the $3,850 level.
Technical indicators:
Hourly MACD – The MACD is about to move back in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD recently declined below the 50 level, with a bearish angle.
Major Support Levels – $3,940 followed by $3,920.
Major Resistance Levels – $3,980, $4,000 and $4,040.
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Crypto Market In Clear Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap rallied recently and broke the key $130.0B resistance area.
EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80.
Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers.
Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level.
Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone.

The crypto market broke key resistances to move into an uptrend. Bitcoin (BTC), Ethereum (ETH), EOS, bitcoin cash (BCH), ripple, tron (TRX), ADA and other altcoins are trading with bullish moves.
Bitcoin Cash Price Analysis
In the past few sessions, bitcoin cash price performed really well and broke the $140 and $150 resistances against the US Dollar. The BCH/USD pair even broke the $160 barrier and traded to a new monthly high above $165. At the moment, the price is consolidating gains below the $168 and $170 resistance levels.
If there is a downside correction, the $162 and $160 levels are likely to act as solid supports in the near term. On the upside, a break above the $170 level might call for a push towards the $180 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price slowly climbed above the $3.65 and $3.70 resistance levels. The price even broke the $3.75 level and it is likely to clear the $3.80 resistance in the near term. The next key resistance is at $3.85, above which the price may rally towards the $4.00 barrier.
Tron price managed to stay above the $0.0220 support and it recently corrected higher. TRX price climbed above the $0.0230 resistance and it may continue to rise towards the $0.0240 resistance area, which is a major hurdle for buyers.
Cardano price remained in the bullish zone above the $0.0400 support. ADA price recently broke the $0.0460 and $0.0500 resistance levels to register decent gains. It may continue to climb towards the $0.0520 resistance level in the upcoming hours.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.0B resistance levels. The market cap even broke the $135.0B resistance and traded towards the $137.0B level. Later, there was a downside correction, but the $132.0B level acted as a support. It bounced back and traded above the $134.0B level. In the short term, there could be a downside correction, but the $132.0B and $130.0B levels are likely to act as solid supports. On the upside, the main resistance levels are near $137.0B and $140.0B. Overall, there are high chances of more upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.
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Ripple Price Analysis: XRP Sighting Bullish Break Above $0.3200

Ripple price struggled to break the $0.3200 resistance level and corrected lower against the US dollar.
The price declined below the $0.3150 level and tested the $0.3125 support area.
There is a key bullish trend line formed with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair must clear the $0.3180 and $0.3200 resistance levels to start a solid bullish wave towards $0.3300.

Ripple price is trading key supports against the US Dollar and bitcoin. XRP/USD must clear the $0.3200 resistance area to kick start a fresh bullish wave towards $0.3280 and $0.3300.
Ripple Price Analysis
This past week, we saw a nice rebound in ripple price from the $0.3000 support against the US Dollar. The XRP/USD pair traded above the $0.3120 and $0.3150 resistance levels. There was also a close above the $0.3120 level and the 100 hourly simple moving average. Finally, there was a spike towards the $0.3250 level before the price started a downside correction. It traded below the $0.3200 and $0.3180 levels. However, the $0.3125 support and the 100 hourly SMA acted as a decent barrier for sellers.
A low was formed at $0.3128 and later the price corrected higher. It moved above the $0.3140 level and the 50% Fib retracement level of the recent drop from the $0.3201 high to $0.3128 low. However, the upside move was capped by the $0.3180 resistance. It also represents the 61.8% Fib retracement level of the recent drop from the $0.3201 high to $0.3128 low. Should ripple break the $0.3180 resistance, it may struggle to clear the $0.3200 resistance. Finally, if there is an upside break above $0.3200, the price may rally towards $0.3300.
On the downside, there are many supports above $0.3125. There is also a key bullish trend line in place with support at $0.3145 on the hourly chart of the XRP/USD pair. If there is a downside wave, the trend line support and 100 hourly SMA may hold losses near $0.3140. If there is a break below the $0.3128 swing low, the price could move back in the bearish zone.

Looking at the chart, ripple price is trading above key supports near $0.3140. As long as buyers are active above $0.3125, there are chances of more upsides. The main resistance is at $0.3200, above which the price is likely to climb towards $0.3300 or even $0.3320.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently placed nicely in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD tested the 60 level and it is currently correcting lower.
Major Support Levels – $0.3145, $0.3140 and $0.3125.
Major Resistance Levels – $0.3180, $0.3200 and $0.3250.
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Ethereum Price Analysis: ETH Targets New Monthly High

ETH price corrected lower and tested the $136-137 support area against the US Dollar.
The price is currently recovering and it may continue to rise above $141 and $144 in the near term.
This was a break above a key contracting triangle with resistance near $139 on the hourly chart of ETH/USD (data feed via Kraken).
The pair needs to climb above the $144 resistance area to trade to a new monthly high.

Ethereum price is trading with a positive bias against the US Dollar and bitcoin. ETH could extend gains once it breaks the $141 and $144 resistance levels in the coming sessions.
Ethereum Price Analysis
This past week, we saw a nice upside move above the $134 and $140 resistances in ETH price against the US Dollar. The ETH/USD pair traded close to the $144 level and later started a downside correction. There was a break below the $140 and $138 levels. It traded close $137 level and formed a low just above the $136 level. The price also stayed above the 100 hourly simple moving average, with a positive angle above $134.
At the moment, the price is trading above the $138 level and the 50% Fib retracement level of the recent decline from the $144 swing high to $137 swing low. Besides, there was a break above a key contracting triangle with resistance near $139 on the hourly chart of ETH/USD. The pair climbed higher and tested the $141 resistance area. It represents the 61.8% Fib retracement level of the recent decline from the $144 swing high to $137 swing low. In the short term, there could be a few swing moves above $138. However, the price is likely to climb above $141 and $142 in the coming sessions.
On the upside, the main resistance is near the $144 level, above which the price could target a new monthly high. The next key resistances are near the $148 and $150 levels. On the downside, an initial support is at $138. If there are more losses, the price may struggle to stay above the $137 support zone.

Looking at the chart, ETH price likely completed a downside correction near the $137 level. If buyers gain pace above the $141, there could be a solid upward move towards the $144 and $148 levels. Conversely, a downside break below the $137 support and 100 SMA could trigger more downsides in the near term.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD just moved back in the bullish zone.
Hourly RSI – The RSI for ETH/USD climbed back above the 50 level and it is testing the 60 level.
Major Support Level – $137
Major Resistance Level – $141
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Bitcoin (BTC) Price Weekly Analysis: Can Buyers Keep The Rally Going?

Bitcoin price rallied recently after it broke the key $3,900 resistance area against the US Dollar.
The price surged higher and broke the $3,950 and $4,000 hurdles to set the pace for more gains.
There is a major connecting bullish trend line formed with support at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is currently correcting lower, but it is likely to find support near $3,920 or $3,900.

Bitcoin price climbed sharply into a bullish zone above $3,900 against the US Dollar. BTC/USD is placed nicely in an uptrend and dips close to $3,920 remain supported for a fresh bullish wave.
Bitcoin Price Analysis
This past week, there were a couple of bearish reactions below the $3,850 level in bitcoin price against the US Dollar. The BTC/USD pair spiked towards the $3,800 level on two occasions, but buyers protected additional losses. Finally, the price started a nice bullish wave and broke the $3,850 and $3,900 resistance levels. It opened the doors for more gains above $3,900 and the price settled above the 100 simple moving average (4-hours). During the upside, the price broke a key bearish trend line with resistance at $3,890 to move into a bullish zone.
Buyers gained control and the price rallied above the $4,000 level. It traded as high as $4,041 before sellers appeared. Later, a downside correction initiated below the $4,000 support. Sellers pushed the price below the 23.6% Fib retracement level of the recent wave from the $3,847 low to $4,041 high. The price declined sharply and tested the previous resistance (now support) at $3,950. Besides, the 50% Fib retracement level of the recent wave from the $3,847 low to $4,041 high is currently acting as a support.
More importantly, there is a major connecting bullish trend line formed with support at $3,900 on the 4-hours chart of the BTC/USD pair. Therefore, if the price continues to move down, it could find a strong support above the $3,900 level. On the upside, an initial resistance is at $4,000, above which the price is likely to retest the $4,040 swing high.

Looking at the chart, BTC price nicely moved into a bullish zone above $3,900. In the short term, there could be a few swing moves towards $3,920 or $3,900, but the price is likely to find a strong buying interest. Sooner or later, there are high chances of a fresh upward move above the $4,000 and $4,040 levels.
Technical indicators
4 hours MACD – The MACD for BTC/USD is slowly reducing its bullish slope.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD corrected lower and tested the 60 level.
Major Support Level – $3,900
Major Resistance Level – $4,040
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Ethereum Price Weekly Analysis: ETH Primed For Further Gains

ETH price broke a major resistance area near $133-134 to climb higher against the US Dollar.
The price settled above the key $134 resistance to move into a positive zone.
There was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is currently correcting lower, but it is likely to find a strong buying interest near $134.

Ethereum price is trading with a bullish bias versus the US Dollar and Bitcoin. ETH/USD climbed towards $144 and it is currently correcting lower towards key supports near $134.
Ethereum Price Analysis
This past week, there was a couple of swing moves towards the $128 level in ETH price against the US Dollar. Later, the ETH/USD pair formed a solid support near the $129 and $130 levels. Finally, buyers gained traction and broke the $132 resistance area to move into a positive zone. The upside move was strong as the price even broke the $134 level and the 100 simple moving average (4-hours). The price action was constructive, opening the doors for more upsides above the $134 level.
Moreover, there was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD. The pair rallied above the $140 resistance level. It traded close to the $144 resistance zone. A high was formed just below $144 and later the price started a downside correction. It broke the 23.6% Fib retracement level of the last wave from the $128 low to $144 high. On the downside, there are many supports near the $135 level and the 100 simple moving average (4-hours).
Besides, the 50% Fib retracement level of the last wave from the $128 low to $144 high is also near the $135 level to act as a support. Therefore, if the price continues to move down, it could find a strong support near the $134 or $135 level. If there is a downside break below $134, the price may move back in a bearish zone.

The above chart indicates that ETH price made a nice upside move above the $134 and $140 barriers. There are many bullish signs above the $135 level and the 100 SMA. In the short term, there could be a consolidation phase above $135 before the price makes the next move. On the upside, the main hurdles near the $142, $144 and $145 levels.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is about to move back in the bearish zone.
4 hours RSI – The RSI for ETH/USD is moving lower from the 80 level and it could move towards the 50 level.
Major Support Level – $134
Major Resistance Level – $142
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Bitcoin (BTC) Price Watch: Weekend Rally And Possible Run To $4,200

Bitcoin price gained traction and broke the $3,850 and $3,900 resistance levels against the US Dollar.
The price rallied recently and even climbed above $4,000 before correcting lower.
There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains supported on dips and it could bounce back above $4,000 and $4,050.

Bitcoin price rallied recently above the $4,000 level against the US Dollar. BTC corrected lower, but it remains supported and it may continue to grind higher in the near term.
Bitcoin Price Analysis
In the past few days, we saw a solid selling interest below $3,900 for bitcoin price against the US Dollar. The BTC/USD pair struggled to break the $3,900 resistance on many occasions. There were even a few swing moves below the $3,850 level. However, the price remained well bid and later it managed to climb above the $3,850 and $3,900 resistance levels. The price even cleared the $4,000 resistance level and settled well above the 100 hourly simple moving average.
A new weekly high was formed at $4,042 and later the price corrected lower. It traded below the $4,000 support and the 23.6% Fib retracement level of the recent wave from the $3,886 low to $4,042 high. However, there are many supports on the downside near $3,950 and $3,920. Moreover, the 50% Fib retracement level of the recent wave from the $3,886 low to $4,042 high also acted as a support. On the downside, there is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair.
The trend line coincides with the 61.8% Fib retracement level of the recent wave from the $3,886 low to $4,042 high. Therefore, there could be a strong buying interest near the $3,940 level. On the upside, an initial resistance is near the $4,000 level. The next resistance is near the $4,040-4,050 zone, above which the price is likely to accelerate higher. The next main resistance is at $4,120, where sellers may emerge.

Looking at the chart, bitcoin price clearly gained a lot of traction after it broke the $3,900 resistance. It is currently correcting lower, but dips remain well supported near $3,940. Therefore, there are high chances of a fresh rally in the coming sessions above the $4,000 and $4,040 resistance levels.
Technical indicators:
Hourly MACD – The MACD is currently moving slowly in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD corrected lower from the overbought levels and tested the 60 level.
Major Support Levels – $3,950 followed by $3,940.
Major Resistance Levels – $4,000, $4,040 and $4,120.
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Ethereum Price Analysis: ETH Bulls Are Back, $150 Could Be Next

ETH price broke a few important resistance levels near the $134 level against the US Dollar.
The price gained traction and settled above the $134 and $136 resistance levels.
This was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently trading near the $139 resistance and it could continue to trade higher in the near term.

Ethereum price is gaining bullish momentum against the US Dollar and bitcoin. ETH is likely to break the $139, $144 and $146 resistance levels to move into a positive zone.
Ethereum Price Analysis
Yesterday, we discussed that ETH price remains supported for more upsides towards the $135, $137 and $140 levels against the US Dollar. The ETH/USD pair formed a solid support near the $133 level and later started an upside move. It broke the $134 resistance and settled above the 100 hourly simple moving average. It opened the doors for more gains and the price traded above the $135 and $137 resistance levels.
During the rise, there was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD. The pair even broke the $138 resistance and tested the $139 hurdle. Recently, there was minor dip after the price tested the $139 resistance. It tested the 23.6% Fib retracement level of the recent leg from the $135 swing low to $139 high. However, the price remains well supported and downsides are likely to be contained by the $138 support.
If there are more losses, the next key support could be $137. It coincides with the 50% Fib retracement level of the recent leg from the $135 swing low to $139 high. Any further losses may push the price back towards the main support at $134. On the upside, a break above the $139 resistance may push the price towards the $141 resistance levels. The current price action is very bullish and suggests that there are high chances of more gains above the $142 and $144 resistance levels.

Looking at the chart, ETH price is trading with a positive bias above the $137 and $134 supports. In the short term, there could be a few range moves or dips towards $135. However, the overall structure is positive, calling for more gains above the $140 and $142 levels in the coming sessions.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is showing positive signs in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now placed well above the 60 level, with a strong bullish angle.
Major Support Level – $137
Major Resistance Level – $141
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