Bitcoin (BTC) Price Analysis: Bulls Outperform Themselves – BTC/USD In The Green

Bitcoin reacted to a double-bottom pattern form around $4,950.
Bitcoin resumed the uptrend into a positive area past $5,160.

The session on Tuesday saw Bitcoin refresh the lows around $4,950. The retracement was necessary as Bitcoin encountered support congestion and overwhelming buying interest leading to a reversal. The price formed a double-bottom pattern close to $4,950. The pattern is usually interpreted as a positive sign and in this case, reaction to the pattern sent BTC/USD above $5,100 resistance as well as the 100 simple moving average (SMA) signaling a strong bullish move.  A break occurred above the 50% Fibonacci retracement level between the last swing high of $5,270.02 and a drop to $4,951.18.
Significantly, the visible bearish trendline shown yesterday did not hold back the buyers who breached the resistance at $5,097.36. This incredible move attracted more buying entries leading to another break above the resistance area at $5,120.00 – $5,160.00 (previously broken support). This paved the way for further gains that pulled Bitcoin above $5,200 as well as $5,250. A weekly high from at $5,270 before gain consolidation slightly above $5,200 commenced.
Bitcoin Price Analysis chart source: TradingView
Bitcoin is initially supported at $5,200 (current pivotal level). This means that a swing in either direction of this level could result in either considerable gains towards $5,400 or considerable gains that could refresh the support at $5,100 for the second time this week. Other support areas to look out for in the short-term include the 61.8% Fib level, $5,120 – $5,160 (main support) 23.6% Fib level (yesterday’s hurdle), the 100 SMA 1-hour, $5,000 and $4,950.
Also Read: Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00
A broader look at the chart shows Bitcoin resumed the uptrend into a positive area past $5,160. It is likely that a retracement will occur. However, we can expect the bulls to strongly protect $5,120 – $5,160 support area. Moreover, $5,100 is also in a position to offer support. The upside is limited at $5,270 while further correction could test $5,400 and reignite gains towards $5,400.
Bitcoin Key Technical Indicators
MACD 1-hour: +21.56 (sits comfortably in the positive zone).
RSI 1-hour: 53.1946 after correction from levels above 60.00
Primary support area: $5,120 – $5,160
Critical resistance areas: $5,270, $5,300 and $5,400.
The post Bitcoin (BTC) Price Analysis: Bulls Outperform Themselves – BTC/USD In The Green appeared first on Coingape.
Source: CoinGape

Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00

Traders to expect the sideways trading to culminate in an upward move past $20.00.
The reaction to the inverted head-and-shoulders pattern is the strongest trend indicator.

BNB/USD has a looming upside breakout on Wednesday following the formation of an inverted head-and-shoulders pattern. The formation of this pattern indicates a trend continuation, in this case, Binance Coin is likely to extend the gains above $20.00. The gains come after a trend reversal occurred when the price fails to make any significant movement past $20.50 in the first week of April. The price dipped under both the 12 exponential moving average (EMA) 4-hour and the 26 EMA 4-hour.
Chart Source: TradingView
A bottom was formed marginally above $16.50 giving way for a rebound and the completion of the head formation of the pattern. A correction to the upside pulled above the 12 EMA and 26 EMA. This move saw the bulls’ confidence increase as they took more positions. BNB/USD touched $20.00 before reversing slightly to the region above $18.50. The price is currently sitting comfortably above the EMAs while trading at $19.75.
The reaction to the inverted head-and-shoulders pattern is the strongest trend indicator the traders need to look out for. However, they must watch for a sustained breakout above $20.00 before they can get confident that the move will test $21.00.
Also Read: Bitcoin [BTC] Price Analysis: Bitcoin to Re-test $5546 Level One Final Time?
Considering other indicators like the moving average convergence divergence (MACD) show that BNB/USD will continue with the current sideways trading in the coming sessions. The indicator signal at +0.28 is horizontal while the divergence is constant.
Binance Coin [BNB] Key Technical Indicators
12 EMA 4-hour: 19.55
26 EMA 4-hour: 19.28
MACD 4-hour: +0.28
Path of least resistance: Upwards
Resistance 1: $20.00
Resistance 2: $20.50
Resistance 3: $21.00
Support 1: $19.50
Support 2: $18.50
Support 3: $16.50
BNB Price Prediction: Traders to expect the sideways trading to culminate in an upward move past $20.00 and even correct to $21.00. Binance Coin is among the few coins that are likely to break above its all-time high.
The post Binance Coin (BNB) Price Prediction Today: Overwhelmingly Positive Levels – Eyeing $21.00 appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] Price Analysis: Bitcoin to Re-test $5546 Level One Final Time?

Bitcoin made another positive move on the daily chart with around $200 rise in price. The price of Bitcoin [BTC] at 5: 00 hours UTC on 17th April is $5252. It is trading 3.29% higher on a daily scale.
The bears and the bulls are caught between the tussle of an impending bull cycle after more than a year-long bear movement and bottom finding in prices. However, the technical analysis still suggests weakness still persists.
‘Evening Star’ Formation on Two Time Periods
The evening star is a multiple candlesticks pattern developed over three trading periods. The formation of an evening star during bullish move signifies trend reversal towards the bears. An Evening star is being formed both on the daily and weekly scale on the BTC/USD chart.
On a daily scale, if Bitcoin closes near its opening at $5201, indecision in the market can be suggested on a daily scale as well. Hence, end ending of today and price action tomorrow will be crucial for the formation of the multiple candle-stick patterns including the evening star. 
The 200-Day Moving Average is looking to converge with the 50-Day Moving average which might signal a trend reversal. The Relative Strength Index (RSI) on the daily scale is squirting near the over-bought region at 70. However, it seems to have corrected by more than 21 points since its surprise bull run on 2nd April.
BTC/USD 1-Day chart on Coinbase (TradingView)
MACD difference on the daily scale is about -10 between 26 and 12-Day periods, signaling indecision as the cross over is of the periods is temporarily held.
MACD on the daily chart on Bitcoin
It also seems to be forming an evening star on the weekly scale as the price was followed by a Doji, where the closing of the week was near the opening. Hence, the two out of three candle-sticks has been confirmed.
BTC/USD 7-Day chart on Coinbase (TradingView)
The RSI on the weekly scale is 58 which is poised between over-bought and over-sold region. However, the RSI was this high during the second week of 2018 when the price of Bitcoin was above $11,000. The price seems to be consolidating between the 200-Day and 50-Day moving average.
Furthermore, the 50-Day moving average line can act as a big resistance which Bitcoin [BTC] might attempt to break in the near future. Hence, while bearish movements are on the card according to macro signals Bitcoin still might look to re-test the $5546 level.
Do you agree with the analysis? Please share your analysis with us. 
The post Bitcoin [BTC] Price Analysis: Bitcoin to Re-test $5546 Level One Final Time? appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH] Price Prediction Today: The bulls among the bears spikes 5% in 24 hours

BCH/USD short-term technical levels stay strongly positive despite the cryptocurrency market showing strong bearish signs.
The 12 EMA divergence above the 26 EMA shows that the bulls are gaining traction.

Bitcoin Cash is in the green amid a market that is steadily becoming bearish. The crypto has battled to reverse the trend following the loss on April 11 when it found support at $260.00 (range support). In fact, a new trend has been forming above the trendline as well both the 12 moving average exponentials (EMA)-hour and the 26 EMA 4-hour. The trading yesterday pulled Bitcoin above the range resistance at $320. Further correction formed a high around $334.31 before the bears took over control.
Chart source: Tradingview
Bitcoin Cash 4-hour outlook
The 4-hour timeframe shows BCH/USD trading slightly below the range resistance. Slight gains recorded above the short-term support at $300 have not been able to break past the hurdle at $320. Meanwhile, short-term technical levels stay strongly positive despite the cryptocurrency market showing strong bearish signs. The 12 EMA divergence above the 26 EMA shows that the bulls are gaining traction and are not ready to give up control anytime soon. The trendline support is also functioning as a bouncing wall and if tested is likely to stop declines.
Also Read: Ethereum Price Prediction Today: Calm In The Wake Of A Brief Storm – $170 Is Nigh
The moving average convergence divergence (MACD) in the same 4-hour range is trending in an upward direction above the mean line (0.1). The move comes after a correction from the lows close to -7.52. The divergence of the signal line from the indicator shows the uptrend has a significant trend. In this case, if Bitcoin cash can break past the range resistance at $320, the move will most likely attract more buyers and increase their confidence of recovery towards $340 being a possibility.
Bitcoin Cash Key Technical Indicator
12 EMA 4-hour: $306.14
26 EMA 4-hour: $297.34
MACD 4-hour: +8.17
Key range: $260 – $320
Resistance 1: $320.00
Resistance 2: $334.31
Resistance 3: $340.00
Support 1: $300.00
Support 2: 280.00
Support 3: $260.00 (previous week support).
The post Bitcoin Cash [BCH] Price Prediction Today: The bulls among the bears spikes 5% in 24 hours appeared first on Coingape.
Source: CoinGape

Ethereum [ETH] and Tron [TRX] Price Analysis: Coins stumble as bear regains control of market

The cryptocurrency market’s return to the sideways movement pattern has discouraged many new investors and institutions from trying their hand at the field of digital assets. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Tron [TRX] were all subjected to this price clamp, as evidenced by the stagnation of their market volume and market cap.
Tron failed to witness any significant rise in prices, despite the vast number of updates and developments from the Justin Sun-led company.
Ethereum 1-day:
Source: TradingView
The one-day graph of ETH showcased a downtrend that lowered the price from $217.81 to $163.62. The long-term support was holding at $81.2.
The Bollinger Bands had started converging after the recent price hike increased the size of the Bollinger cloud.
The Chaikin Money Flow indicator was above the zero-line, which meant that the capital coming into the market was more than the capital leaving the market.
The Awesome Oscillator had increased in amplitude, signifying a rise in market momentum after a period when it was almost non-existent.
Tron 1-day:
Source: TradingView
Tron’s one-day graph lifted its price from $0.0133 to $0.0222. The long-term support for Tron held at $0.0117.
The Parabolic SAR was below the price candles, a sign that the cryptocurrency was going through a bullish atmosphere.
The Relative Strength Index was in the middle of the graph and indicated that the buying and selling pressures evened each other out in the Tron market.
The MACD indicator saw the MACD line and the signal line undergo a bearish crossover after a slight bullish blip. The MACD histogram was a mix of bearish and bullish signals.
Conclusion:
The above-mentioned indicators stated that the cryptocurrency market was back to its earlier trend of a sideways price movement. This movement echoes the words of several proponents in the crypto-verse, who claimed that the bear market was not over yet, despite the recent bull run earlier this month which had stirred up the community.
The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins stumble as bear regains control of market appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum Price Prediction Today: Calm In The Wake Of A Brief Storm – $170 Is Nigh

The losses on Monday extended below $160.00 before ETH/USD found solace at $156.53.
The buyers should look out for a double-cross of the 12 EMA above the longer term 26 EMA.

ETH/USD is making a grand entrance into the broken range support at $163. This upside correction is happening in the wake of another flash drop witnessed yesterday when Ethereum came down like a stone in the air after the buyers failed to break above $170 resistance. The waterfall drop could not find support at $163 (range support). The losses extended below $160.00 before ETH/USD found solace at $156.53.
Chart source: Tradingview
Significant bullish momentum is building up above $160. Besides, Ethereum is changing hands at $163.13 after zooming above the 12 exponential moving average (EMA). Moreover, there is a new uptrend developing above the short-term ascending trendline. Marginally above the range support, the price is facing resistance from the 26 EMA 1-hour.
All eyes are set on $170 in the short-term as the bulls continue to position themselves following the brief reversal seen yesterday evening (GMT). The retracement was necessary for a proper assault on $170 after the first attempt to break the hurdle failed miserably.
Also Read: Leading Trade Analyst Says Bitcoin [BTC] ‘Still in a No-Trade Zone’; Is $4000 imminent?
The gap moving average exponential gap that widened in the reaction to the declines on Monday has begun to narrow. The buyers should lookout for a double-cross of the 12 EMA above the longer term 26 EMA; which will be a confirmation of the bullish momentum likely to zoom past $170.
In the meantime, the moving average convergence divergence (MACD) 1-hour has changed direction upwards after the fall that sent to levels around -1.840344. The signal divergence at -1.115621 says that the trend is in the favor of the bulls. A correction above 0.0 will confirm a retracement to $170.
Ethereum Key Technical Indicators:
12 EMA 1-hour: $162.00
26 EMA 1-hour: $163.23 (former range support).
MACD 1-hour -1.115621
Medium-term target: $170.00
Resistance 1: $163.7081
Resistance 2: $168.00 (range resistance)
Resistance 3: $170.00
Support 1: $162.00 (12 EMA)
Support 2: $160.00
Support 3: $155.00
The post Ethereum Price Prediction Today: Calm In The Wake Of A Brief Storm – $170 Is Nigh appeared first on Coingape.
Source: CoinGape

Leading Trade Analyst Says Bitcoin [BTC] ‘Still in a No-Trade Zone’; Is $4000 imminent?

Bitcoin completes the second week after its surprising bullish action on 2nd April with comparative stability. The price of Bitcoin at 3: 30 hours UTC on 16th April 2019 is $5066. It is trading 2.33% lower on a daily scale. On the weekly scale, it is trading 2.2% lower.
Bitcoin still in ‘no-trade zone’
Commenting on the weekly chart, leading trading analyst Tone Vays mentioned that “we have seen rejection from the 50-Day moving average.” The chart is starting to squeeze in between the 200-day Moving Average and 50-Day Moving Average.
If that scenario plays out, Bitcoin would break continue consolidation around $4000 dollars until some time in September. Moreover, fundamentals must keep growing stronger for a bullish action even then.
The weekly chart also provides crucial information about market sentiments with the ‘Doji’ at play. The weekly opening is close to the weekly close. The range of the Doji was 0.59%. Hence, there is indecision in the market after a sharp bullish trend. If another Doji is formed this week, it will signify indecision has continued signaling a trend reversal towards the bear.
BTC/USD 7-Day Chart on Coinbase (Tradingview)
According to Vays, on the weekly sequential a break over the high of the Doji at $5470-$5490 is critical for bullish movement.
Daily Chart of Bitcoin
He also mentioned
“The Daily chart is bullish… and break above $5350 will solidify the bull signals.” However, he also said “we are still the no trade zone.”
The critical psychological levels for Bitcoin currently can be mapped in a parallel channel. A break above or below the channel will probably guide the market sentiments accordingly. The range lies between $4905 and $5350.
BTC/USD Daily Chart on Coinbase (TradingView)
Moreover, the RSI on the daily chart has also dropped in the neutral zone between over-bought and over-sold region. The RSI on the weekly dropped further neutrally poised at 55.
Furthermore, the fundamentals around Bitcoin are mostly consistent with the developments and updates during last week. Hence, fundamentally nothing seems to have changed.
Do you think a bullish break out is imminent or the bears are still at play? Please share your views with us. 
The post Leading Trade Analyst Says Bitcoin [BTC] ‘Still in a No-Trade Zone’; Is $4000 imminent? appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH] Price Analysis: Fresh Gains Blast Through $300 – Eyes Glued on $350

Bitcoin resumes the uptrend and reclaims the support above $300 amid market bullish pressure.
All eyes are currently glued on $350 but first, the range resistance at $325 must be cleared.

BCH/USD is still observing the ranges between $250 and $325. Following the ballistic rise in the first week of April, Bitcoin Cash touched $350 but reversed the trend refreshing the levels close to $250. The crypto spent most of last week battling to retrace the steps above the 61.8% Fibonacci retracement level between the last swing high of $353.77 and a swing low of $147.41. The price stayed below the 50 simple moving average (SMA) 4-hour until the brief surge that started during the Asian trading session on Monday and has spilled into the European session.
Bitcoin Cash Price Analysis Chart Source: TradingView
Bitcoin Cash continues to trend higher, besides technical analysis show that the price is poised for further upward movement in the short-term. The relative strength index (RSI) 4-hour has been able to recover from the levels below 30.00 and currently ranges at 63.00. In addition to that, the moving average convergence divergence (MACD) in a similar range has crossed into the positive territory to show that the buyers are gaining traction. Last week, the indicator dropped to -7.08 due to the broad-based declines on the market. It should be noted that the MACD achieved highs of +35.75 on April 4th amid the surging prices.
Also Read: Bitcoin is the Best Store of Value says CEO of Block.One
In the meantime, all eyes are currently glued on $350 but first, the range resistance at $325 must be cleared. As far as support areas are concerned Bitcoin Cash initial support is establishing at $300. The second support is provided by the 50 SMA currently at $293.28 while the next support rests at the 61.8% Fib level around $275. Other vital support areas include the 50% Fib level at $250.00, $147.41 (swing low) and $125.00.
Bitcoin Cash Key Technical Indicators:
50 SMA 4-hour: 293.28
Range limit: $325
Range support: $250
RSI 4-hour: $63.00
MACD: +2.48
Support 1: $275.00
Support 2: 250
Support 3: 125.00
Resistance 1: $311.63 (intraday high).
Resistance 2: 325 (range limit).
Resistance 3: $350 (short-term target).
The post Bitcoin Cash [BCH] Price Analysis: Fresh Gains Blast Through $300 – Eyes Glued on $350 appeared first on Coingape.
Source: CoinGape

Week in Review: Cryptocurrency Price Analysis for the Week April 8 to April 13

Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
Bitcoin (BTC)
Bitcoin saw some positive sentimental moves this week as the top coin was up 1.12%. The good thing about  Bitcoin is that it still hodls itself above 5000 creating a sentimental positivity. The prices hit a high point of USD 5,421.65 and the lowest point of USD 4,955.85 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were,  BitMex (7.66%), CoinBene (4.40%) and OEX (3.59%)
Among prominent news around Bitcoin, Comparing the rise in Gold and Fiat, a Twitter user by the handle @Moon_Rekt is optimistic that Bitcoin prices will erupt towards the $98 million marks in the next two decades.
Ethereum (ETH)
Ethereum stayed in the red this week after a good couple of weeks. Ethereum on the top, this week was at USD 184.38 and were at lows of USD 161.03. The markets that were more active, in volumes, with ETH across various pairs this week were Bibox (4.96%), LATOKEN(3.65%) and OOOBTC (3.57%)
Among news surrounding Ethereum, A group of Ethereum’s veteran open-source developers discussed the subject in a bi-weekly meeting, wherein they aired the possibility that system-wide upgrades, also called hard forks, to the software, could be enacted as often as every three months.
Ripple (XRP)
On the top, this week the prices of XRP were at USD 0.367036 and towards the bottom, it quoted USD 0.321167. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (14.78%) Fatbtc (7.33%)  and Bit-Z 5.08%)
For XRP this week, Ripple, the blockchain-based payment network, suffered a setback after Japan’s Resona Bank said it would no longer use MoneyTap, a consumer-centric retail payments app that uses Ripple’s enterprise blockchain technology.
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on April 13 at 8:30 pm IST) were
Movers

SuperEdge [ECT]- Showing a rise of 1289.47%
ZelCash [ZEL] – Showing a rise of 272.82%
Lambda [LAMB]- Showing a rise of 264.52%

Shakers

Profile Utility Token [PUT]- Showing a drop of 59.67%
Gambit [GAM] – Showing a drop of 56.37%
Optimal Shelf Available [OSA] – Showing a drop of 49.78%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
The post Week in Review: Cryptocurrency Price Analysis for the Week April 8 to April 13 appeared first on Coingape.
Source: CoinGape

Bitcoin Price Analysis: BTC/USD Calm After the Storm; Sideways Trading to Continue

Bitcoin stuck within a tight range between $5,000 and $5,100.
The most likely path of least resistance for BTC/USD is sideways according to technical levels.

BTC/USD is almost motionless following the calm that came after declines experienced on Thursday. The slight recovery from the support established at the 61% Fibonacci retracement level taken between the last swing high of $5,500 and a swing low of $3,882.17, made no significant headway above $5,100. Since then the upside is capped below $5,100 while the downside is supported at $5,000.
Bitcoin price short-term outlook: 4-hour chart
Bitcoin Price Analysis Chart Source: TradingView
The 4-hour chart places Bitcoin in an uptrend in spite of the setback this week. The downward trend did not break below the rising trendline. The upside is currently limited by the 21 Simple Moving Average (SMA)-hour currently holding at $5,125.02. The 50 SMA has just crossed above the 21 SMA to show that the bears have an upper hand on the market.
According to the moving average convergence divergence (MACD) 4-hour, BTC/USD still has a bearish bias. The MACD is still locked inside the negative zone. However, it has stopped the downtrend and is now ranging at -22.94.
Also Read: Tron Price Prediction Today: Holding on to $0.0250 and 50 DMA Support Levels
The relative strength index (RSI) in the same 4-hour range has recovered from the lows around 38.85. The uptrend has, however, lost strength short of 50.00 and is moving horizontally at 49.14. The most likely path of least resistance for BTC/USD is sideways at the time of writing.
Bitcoin Price Key Technical Indicators:
Resistance 1: $5,100
Resistance 2: $5,250
Resistance 3: $5,500
Support 1: $5,000
Support 2: 61.8% Fib level
Support 3: $4,750
21 SMA: $5,125.02.
50 SMA: $5,138.57
MACD 4-hour: -22.94.
RSI 4-hour: 49.14.
Meanwhile, new research released by Binance exchange indicates the correction witnessed from the lows in 2018 means that the market has finally found a bottom. A quote from a crypto expert says that
“having emerged from a period of the highest internal correlations in crypto history, the data may support the notion that the cryptomarket has already bottomed out.”
The post Bitcoin Price Analysis: BTC/USD Calm After the Storm; Sideways Trading to Continue appeared first on Coingape.
Source: CoinGape

Tron Price Prediction Today: Holding on to $0.0250 and 50 DMA Support Levels

Tron retraces from April highs but finds solace at $0.0250.
Tron is sitting comfortably above the long-term ascending trendline.
The TRX/USD weekly chart shows Tron having a cluster of support areas.

As predicted in the previous technical analysis, Tron reacted to the inverted head-and-shoulders pattern and extended the gains above $0.0300. In fact, the price formed a high around $0.03288 before the uptrend fizzled out giving way to the bears. The brief broad-based flash drop sent TRX/USD below the 12-day Exponential Moving Average EMA). The 20-day EMA did fight tooth and nail to stop the declines which bottomed at $0.0250.
Tron Price Analysis Chart Source: TradingView
A look at the daily chart, we see Tron sitting comfortably above the ascending trendline. This long-term trendline has stayed put since December 2017 when Tron plunged to lows around $0.0119. Therefore, in the event declines extend below $0.0250, the trendline support will function as a bouncing wall as it has done several times before.
Also Read: Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike
In the meantime, TRX is holding tight to the weak support provided by the 20-day EMA. Bullish momentum is emanating from this level while TRX/USD is trading at $0.02702. Although, the slide on Thursday capped the upside at $0.03288 resulting in a drop to the key support, the 12 –day EMA has stayed above the longer term 20-day EMA and in turn confirm that the bulls have not lost it. In fact, the widening gap between the EMAs shows that the buyers are gaining traction against the sellers.
Tron price weekly outlook
Tron Price Analysis Chart Source: TradingView
The TRX/USD weekly chart shows Tron having a cluster of support areas to take advantage of in this slightly bearish trend. Apart from the initial support mentioned above at $0.0250, the second significant support is at the 50 Directional Movement Average (DMA) currently at $0.024225. Moreover, the 21 Moving Average (MA) coincides with the 200 DMA to offer stronger support at $0.02262. In the long-term Tron has a bullish bias, although the upside, if any is remaining is limited below $0.03473.
Tron Price Key Technical Indicators:
Resistance 1: $0.03288
Resistance 2: $0.03473
Support 1: $0.0250
Support2: 0.024225
Support 3: $0.0200
50 DMA: $0.024225
200 DMA: $0.02262.
21 MA: $0.02262.
The post Tron Price Prediction Today: Holding on to $0.0250 and 50 DMA Support Levels appeared first on Coingape.
Source: CoinGape

Bitcoin Price Prediction Daily: Inverted Head-And-Shoulders Pattern in Action

The completion of the right shoulder is expected to result in a sustainable uptrend.
BTC/USD still has room for improvement despite the correction from the highs at $5,500.

Following the sudden slide yesterday, Bitcoin found support at $4,960 (on Coinbase) before reversing the trend above the critical $5,000 level. Bitcoin bulls, not ready to give up pulled the price above the 12-day Exponential Moving Average (EMA). The upside was, however, is capped below $5,050. The sideways trading that followed did not last long as the price broke above the 20-day EMA paving the way for more correction to the upside. BTC/USD brushed shoulders with $5,100 before retracing back to the current price at $5,077.
Bitcoin Price Prediction Chart Source: TradingView
The inverted head-and-shoulders pattern
The 1-hour chart shows the formation of an inverted heads and shoulders pattern. The pattern is usually associated with a bullish reversal following a downtrend that has found support. The completion of the right shoulder is expected to result in a sustainable uptrend. In case, BTC/USD to correct to $5,200 (resistance congestion).
Meanwhile, the 12 EMA is offering support at $5,059.66. The up trending market will have more weight if the 12 EMA can cross above the 20 EMA. The moving average convergence divergence (MACD) in the same 1-hour range is moving north from the lows of -60.84 to the current level at -11.95. These indicators show that the market has a bullish bias in the short-term and buyers are gaining traction against the sellers.
Bitcoin Price Prediction Chart Source: TradingView
The daily timeframe shows Bitcoin still trend upwards following the triangle breakout at the beginning of April. In fact, BTC/USD still has room for improvement despite the correction from the highs at $5,500.  The 12 EMA is offering immediate support while the 20 EMA at $4,732.14 is playing catchup. The MACD has started trending lower but is still comfortable in the positive zone at +327.
Bitcoin Price – Key Technical Indicators:
12-day EMA: $5,000
20-day EMA: 4,732.14
MACD daily: +327
Support 1: $5,050
Support 2: $5,000
Support 3: $4,732.14
Resistance 1: $5,100
Resistance 2: $5,200
Resistance 3: $5,500
The post Bitcoin Price Prediction Daily: Inverted Head-And-Shoulders Pattern in Action appeared first on Coingape.
Source: CoinGape

Ethereum Price Analysis: Finds Solace at $160 Support Congestion Area

Bullish pressure match bear pressure following the calm after the storm; sideways trading could continue.
The intraday traders need to look out for a cross sending the 12 EMA above the 20 EMA.

ETH/USD broke a key support level at $180 and turned on the sell rallies yesterday. Revenging bears pushed the price below the ascending trendline. Declines then progressed below the 50 simple moving average (SMA) 1-hour and the 100 SMA 1-hour. It failed to find bearing at $170 and refreshed the lows at $160; support congestion area.
There is calm after the storm at the time of writing with Ethereum exchanging hands at $164.45 while the upside is immediately limited at $168.00. An ongoing bearish momentum could eventually retest $160 support congestion zone for the third time; a move that is expected to result in a rebound as bulls come out of hibernation.
Ethereum Price Analysis Chart Source: TradingView
Ethereum Short-term Trend
According to the 1-hour chart, the bullish pressure is almost canceling out with the bear pressure. This means that ETH/USD will trend sideways in the coming sessions on Friday. However, the consolidation entering the weekend session is likely to reverse the trend upwards according to the data displayed by the exponential moving average (EMA).
Right before the reversed below $180.00 yesterday, the 12 EMA 1-hour crossed below the 20 EMA 1-hour. This signified the trend reversal giving the sellers more confidence in the reversing market. The flash drop to $160 has started to range as the gap between the two indicators begin to not only reduce but even out as well.
The intraday traders need to look out for a cross sending the 12 EMA above the 20 EMA. This will mark the beginning of reversal and show the strength of the trend. Meanwhile, the price is likely to continue being limited between the 12 EMA support and the 20 EMA resistance.
Another indicator that is signaling an incoming bull reversal is the moving average convergence divergence (MACD). The signal line continues to diverge further up to show that the buyers are gaining traction. Besides, it has recovered to -1.87 from -3.9784.
Key Technical Indicators:
12-day EMA: $165.02
20-day EMA: 166.14
MACD 1-hour: -1.87
Resistance 1: $168.00
Resistance 2: $172.00
Resistance 3: 180.00
Critical Resistance: $188.00
Support 1: $160.00 (support congestion area).
Support 2: $155.00 (previous week support).
Support 3: 140.00 (resistance turned key support).
The post Ethereum Price Analysis: Finds Solace at $160 Support Congestion Area appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bears loom as market correction forces hit market

After the recent bull run, market correction forces forced many coins to lose their valuation. Bitcoin [BTC], the largest cryptocurrency in the world, witnessed a minor decline of 0.82 percent against the US Dollar. The market capitalization was recorded to be around $91 billion and the coin was priced at $5171, at press time.
Litecoin [LTC] suffered brutally at the hands of the bear as its valuation dropped by 7.22%, at press time. The 24-hour trade volume was around $2.9 billion, while the token was priced at $81.78.
Bitcoin 1-day chart
Source: Trading View
The 1-day chart for Bitcoin was relatively positive as prices rose on the back of the recent bullish wave. The uptrend extended from $3913.60 to $5308.60. The new resistance line was scaled at $5312.40 and the support line remained at $3281.70.
The Parabolic SAR indicator remained under the candlesticks in the chart, implying the continuation of the bullish trend.
The Chaikin Money Flow line was above the zero line, indicating major cash inflow for the coin.
The Fisher Transform line dipped under the red line, indicating the start of a bearish trend.
Litecoin 1-day chart
Source: Trading View
Litecoin’s one day chart was majorly bullish as the coin witnessed a huge spike in price since December 2018. The significant uptrend extended from $40.053 to $92.578 and the support was lined at $23.23. The resistance line after the bull run was placed at $93.61.
The Bollinger Bands pointed towards a volatile period for the coin as the markers were diverging on the chart.
The Relative Strength Index pointed towards a neutrality between the selling and buying pressure after the token was oversold in the market earlier.
The Awesome Oscillator gave the upper hand to the resurfacing bearish momentum as the red bars dominated the trend chart.
Conclusion
Both tokens’ prices dropped significantly after market correction forces took hold of the coins. A reversal to a bearish trend was considered imminent.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bears loom as market correction forces hit market appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] Price Analysis: Bull Market Cut Short – BTC/USD Seeks Balance at $5,000

Bitcoin encounters a minor setback; bulls defend $5,000 key support.
In the short-term BTC/USD has a bearish bias following Thursday 11 losses.

BTC/USD has encountered a devastating drop following the bullish breakout that tests $5,488.85 (on Coinbase). The devastating drop failed to find support at the 50 Simple Moving Average (SMA) 15-minutes close to $5,300.
The flash drop below the trendline ignited more losses below $5,200 (previous day support). BTC/USD refreshed the lows at $5,000 and is now changing hands at $5,022.30 amid growing bear influence.
Chart Source: TradingView
BTC/USD short-term outlook
The short-term outlook for BTC/USD has a bearish bias. The Relative Strength Index (RSI), for instance, is moving further down within the oversold. The levels below 25.00 have not been reached since the beginning of April. This means that the current selloff is worse since the surge witnessed last week.
Similarly, the moving average convergence divergence (MACD) crossed into the negative territory to market the beginning of the bear momentum. The signal divergence from the indicator shows that declines are far from over. Besides, it is still trending south at -46.
BTC/USD long-term outlook
Chart Source: TradingView
The weekly chart shows Bitcoin’s having a bullish bias in the long run. The price is below both the 50 SMA and the 100 SMA. However, trendline support is still in place. In addition to that, the MACD is heading upwards compared to the levels seen between November 2018 and December 2018. In fact, the signal line has crossed above the indicator to show that bulls are gaining traction.
Also Read: Crypto-Market Update: Bitcoin [BTC] Falls Back to $5000, LTC, BCH and TRX ‘Hodlers’ Incur Even Heavier Losses
The correction from the current price at $5,022.30 will go head to head with the hurdle at the 50 SMA weekly. Retracing past $6,000 and $6,200 will place Bitcoin in another trajectory likely to mark the beginning of the anticipated parabolic rise.
Key Technical Indicators:
MACD weekly: -426.56
50 SMA weekly: $5,628.13
100 SMA weekly: $6,388.60
RSI 15-minutes: 24.00
Key resistance: $5,200
Critical Resistance: $5,488.85
Ultimate resistance: $6,200
Support 1: $5,000
Support 2: $4,800
The post Bitcoin [BTC] Price Analysis: Bull Market Cut Short – BTC/USD Seeks Balance at $5,000 appeared first on Coingape.
Source: CoinGape