Bitcoin SV [BSV] Price Analysis: Coin finds stability as possible bull run approaches

Bitcoin SV [BSV] struggled to keep its head above the $1 billion mark in terms of market cap, despite the overwhelmingly bullish run the markets enjoyed over the past few days.
At press time, the 12th largest cryptocurrency in the market recorded a market capitalization of $1.51 billion while the price of the coin stood at $65.31 with a 2.75 percent decline against the US dollar.
1-hour
Source: TradingView
Bitcoin SV suffered a significant uptrend earlier this week when the price rose from $63.91 to $71.30. This was followed by a downtrend which saw the price drop from $67.266 to $65.45.
The Bollinger Bands are diverging, suggesting price volatility for the coming week. The Moving Average line indicates a mildly bearish trend, with an expected switch in behavior.
The Fisher Transform indicator points to a convergence between the Fisher and Trigger line in the immediate future while a prominent bearish trend looks set to continue.
The Chaikin Money Flow tool shows that cash in-flow is still very unlikely as the CMF line is below 0.
1-Day
Source: TradingView
The one-day chart for Bitcoin SV indicates a downtrend since the coin hardforked in November 2018. The downtrend extends from $181.98 to $75.013. However, a bullish trend seems to have resurfaced since the week began.
The Parabolic SAR indicates a bearish market throughout the week as the dotted markers are below the candlesticks.
The MACD lines suggest a bull run as well as the blue line is trailing above the orange line.
The Relative Strength Indicator shows that investors are slowly coming into the Bitcoin SV market.
Conclusion
Bitcoin SV has been resilient in maintaining its market capitalization above the $1 billion mark, even when the market was overwhelmingly bearish. However, recent rallies in the cryptocurrency market and the long-term indicators suggest that a bull run may be in the offing.
The post Bitcoin SV [BSV] Price Analysis: Coin finds stability as possible bull run approaches appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Coin will break through bear’s grip soon

After a green start, the market seems to have slowed down now, with the bullish gains registered by coins going down by quite a margin. This is evidenced as the bear’s preferred color, red, is seen covering several cryptocurrencies.
According to CoinMarketCap, at press time, Ethereum [ETH], the second-largest cryptocurrency by market cap, was trading at $144.75 with a market cap of $15.19 billion. The cryptocurrency has a trading volume of $4.43 billion and the coin has witnessed a rise of over 18% in the past seven days.
1-hour:
Ethereum [ETH] one-hour price chart | Source: Trading ViewThe one-hour price chart demonstrates a downtrend from $148.62 to $142.19. The uptrend for the cryptocurrency is seen from $124.22 to $143.06. The resistance levels for the cryptocurrency is laid out at $147.20 to $148.65 and the immediate support has found its ground at $140.70, while the strong support is at $123.38.
Klinger Oscillator is currently forecasting bearish weather for the cryptocurrency as the reading line went ahead to place itself below the signal line, after a crossover.
Bollinger Bands, at present, is showing a less volatile market for the coin. However, the bands have started to diverge from each other, indicating that the market might be volatile for the coin in the near future.
RSI is indicating an evened out market for the cryptocurrency as the buying pressure is on par with the selling pressure.
1-day:
Ethereum [ETH] one-day price chart | Source: Trading ViewThe one-day chart shows a downtrend for the cryptocurrency from $247.76 to $218.66, and further to 147.19. The uptrends for the coin are recorded from $83.74 to 103.22 and from $121.55 to 142.71. The immediate resistance for the coin is set at $156.04 and the strong resistance is at $218.94. The coin has found its immediate support at $103.08 and a strong support at $82.77.
MACD continues to show its unwavering support to the bull as the moving average line continues to be on top of the signal line after a crossover.
Chaikin Money Flow is also seen on the bull’s side of the market as the marker line is above the zero-line, showing that money is flowing into the market.
Parabolic SAR is also predicting a bull market as the dots have aligned below the candlesticks.
Conclusion:
The bear will tighten its grip over the coin with the support of Klinger Oscillator from the one-hour chart, but only for a short duration. This is because the coin will break through the bear’s grip with the help of CMF, Parabolic SAR, and MACD from the one-hour chart.
The post Ethereum [ETH/USD] Price Analysis: Coin will break through bear’s grip soon appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC/USD] Price Analysis: Coin breaks from sideways movement as prices rise

Bitcoin, the king of all cryptocurrencies briefly touched the $4,000 range following which, it tumbled down again to the $3,900 range. The rally that started a few days back has brought back excitement and volatility to the once-stale cryptocurrency market.
The price of Bitcoin at press time was $3,938 and the market cap was at $69.68 billion. The 24-hour trading volume of Bitcoin crossed the $8 billion mark and was at $8.87 billion. BitMEX is the largest contributor to the total trading volume as it contributes 16.80% i.e, $1.81 billion  of it via the trading pair BTC/USD.
Although a lot of the traders expected Bitcoin to make a “Bart move,” Bitcoin followed the contrarian theory and broke to the upside.
1 Hour
Source: TradingView
The uptrend for Bitcoin in the one-hour time frame extends from $3,356 to $3,887. Since Bitcoin was in a sideways movement which was followed by an uptrend rally, there is no sight of a downtrend yet.
The support lines are seen at $3,358, $3,498, and $3,577 while the next resistance that Bitcoin has to break is at $4,043. However, considering the market sentiment, $4,000 could also act as a strong resistance point for Bitcoin.
The Parabolic SAR markers indicate bullish movement as the markers have begun forming below the price candles.
The MACD indicator for the aforementioned time frame indicates an imminent bullish crossover as the MACD and the Signal line are in close proximity to each other.
The Relative Strength Index shows that the buyers have a slight momentum due to the recent rally.
1 Day
Source: TradingView
The one-day chart for Bitcoin, which is a longer time frame, shows bullish signs as well due to the recent rally. The downtrend extends from $9,027 to $3,917. The rally needs to be much higher for the formation of a clear uptrend. The support can be seen at $3,198 while the next resistance can be seen at $4,111.
The Aroon indicator shows an Aroon green line that has struck the 100-line, indicating that the uptrend is in full swing.
The Stochastic indicator shows that the lines have crossed the oversold threshold in a bullish crossover.
The Chaikin Money Flow indicator shows that the money flow line has crossed above the zero, indicating a bullish scenario for BTC.
Conclusion
The one-hour time frame, confirmed by the MACD, SAR, and RSI is indicating a bullish outlook for BTC. The indicators, CMF, Stochastic and Aroon of the one-day time frame confirm the same.
The post Bitcoin [BTC/USD] Price Analysis: Coin breaks from sideways movement as prices rise appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] Price Analysis: Market correction pushes coin below Cardano [ADA]

Market correction has hit Bitcoin SV [BSV] quite hard after the coin added $150 million to its market cap over the past few days. The coin now finds itself as the biggest loser among the major coins. Bitcoin SV’s bearish return has allowed Cardano [ADA] to go ahead and take the eleventh spot on the global coin ladder, despite its own fall.
Bitcoin SV is now falling by almost 4 percent against the US dollar and is trading at $66.39. The market cap of the coin stands at $1.17 billion, down from a high of $2.29 billion less than 15 hours ago. The coin is now trailing Cardano by less than $20 million.
In terms of exchange dominance, Bit-Z holds the most BSV trade volume, accounting for $17.86 million, or 14.08 percent, via the trading pair BCHSV/BTC. It is followed by BitForex and IDCM, holding $10.92 million or 8.61 percent and $10.49 million or 8.27 percent in the trading pairs, BSV/USDT and BCHSV/USDT, respectively.
1-hour
Source: Trading View
After three successive uptrends, Bitcoin SV has been pegged down with a decline that began at $70.32 and still persists at press time. The most significant uptrend stretched from $63.19 to $71.31.
Bitcoin SV’s immediate support was found and recorded prior to the market correction at $62.83. The coin faces an immediate resistance at $71.29.
The Bollinger Bands suggest increasing volatility due to the rapid price decline, while the Moving Average line shows that the coin is under a bearish spell.
The Relative Strength Index indicates that investor interest in the coin is declining, with the RSI dropping from $78.04 to its current valuation of $41.14.
The Awesome Oscillator shows that the coin is trading below 0. Given that the concluding bars are overwhelmingly red, bearish movement is in the offing.
1-day
Source: Trading View
The coin has faced a severe downtrend since mid-December, which has stretched from $112.76 to $66.04. Prior to the same, the coin had gone up from $74.35 to $117.72, giving investors false hope.
Bitcoin SV finds long-term resistance at $69.81, which the coin broke through and fell below during the recent rise. The immediate support level of the coin stands at $61.56.
The Parabolic SAR still shows bullish tendencies for the coin in the one-day chart, as the price has not been shot down considerably.
The Chaikin Money Flow tool shows that the funds pumped into BSV have declined, as the CMF line is below 0.
The Fisher Transform tool shows that the coin is in the middle of a bullish spree, as the Fisher line is over the Trigger line.
Conclusion:
Bitcoin SV was trading with bullish momentum as nearly $10 billion was added to global market cap over the past few days. Following this green wave, the market has begun correcting itself that has affected BSV more than the rest of the market, making it the biggest loser against the US dollar among major coins.
This has allowed Cardano to take over. In the short term, bearish tendencies are very likely, whereas in the long-term the coin is bullish due to the coin’s recent price movements.
The post Bitcoin SV [BSV] Price Analysis: Market correction pushes coin below Cardano [ADA] appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins

A green wave swept over the cryptocurrency market as $10 billion was added in less than 24 hours. Leading the charge was EOS and Bitcoin Cash [BCH], with both coins seeing massive double-digit price increases.
Following the rapid rise, BCH has now dipped, posting a 2.65 percent decline against the US dollar, the biggest decrease in the top 10. The coin is now trading at $142.46, while the market cap of the coin stands at $2.51 billion, over $400 million behind Litecoin [LTC].
In terms of exchange dominance, LBank takes the top two spots in BCH trading volume, accounting for $68.86 million, or 12.76 percent, and $32.68 million, or 6.06 percent via the trading pairs BCH/BTC and BCH/USDT respectively. Taking the third spot is Huobi Global, holding $29.85 million or 5.53 percent in the trading pair, BCH/USDT.
1-hour
Source: TradingView
After several days of stabilization, the coin saw a massive uptrend which stretched from $120.06 to $143.65, following which the coin began to stabilize and has now, declined.
Bitcoin Cash finds immediate resistance at $148.74. The immediate support level, placed at $139.57, formed after the price increase, has been broken and has since shifted down to $137.61.
The Parabolic SAR shows that the coin is now trading with bearish momentum as the dotted lines are aligned above the coin’s trend line.
The Fisher Transform line shows that the coin is bearish, as indicated by the Trigger Line’s crossing over the Fisher Line.
The Chaikin Money Flow tool, however, indicates that the money flowing into the coin market is above 0. However, this is likely to dip below.
1-day
Source: Trading View
In the one-day chart, a massive downtrend is witnessed between $624.43 to $82.36, a reminder of the November 2018 hard fork. Following the brief bull run in mid-December, the coin has seen yet another downtrend stretching from $197.02 to $126.55.
Bitcoin Cash finds long-term support at $108.67, which the coin is now well above. The long-term resistance stands at $142.26, which the coin is trading close to, but looks unlikely to break.
The Bollinger Bands are expanding, suggesting that the coin will make way for some degree of price volatility and fluctuation. Further, the Moving Average line shows that the coin is bullish.
The MACD line shows that the coin is vying for entry into the bullish zone since early January, but with no respite.
The Relative Strength Index shows that investor interest has since mildly dipped to 63.79, still close to the ‘overbought’ zone.
Conclusion:
Bitcoin Cash saw a massive price increase on 19 February, even more so than the rest of the market. But, it has failed to sustain the bullish wave, seeing a significant price decline the following day. The short-term indicators point to a bearish market for the coin with the exception of the Chaikin Money Flow which suggests a positive money inflow into BCH. In the long term, the volatility of the coin has increased, as indicated by the Bollinger Band, but the suppression of the bulls continues.
The post Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Bull continues to grace the market with its presence

The cryptocurrency market is seen continuing its bull rally, with all the coins in the market in the green. Ethereum [ETH] has emerged as one of the biggest gainers over the bull run.
According to CoinMarketCap, at press time, Ethereum was trading at $148.06 with a market cap of $15.53 billion. The coin has a trading volume of $5.51 billion and has witnessed a surge of 22.50% in the past seven days.
1-hour
Ethereum one-hour price chart | Source: Trading View
In the one-hour chart, the cryptocurrency records uptrends from $122.81 to $148.60, and from $135.34 to $144.68. The immediate resistance for the coin is set at $148.64 and strong resistance can be found at $152.54. On the other hand, the support levels can be spotted at $141.11 and $119.37.
Chaikin Money Flow continues to support the coin’s bullish run as the money is seen flowing into the market.
MACD however, is forecasting a bearish weather as the moving average line is pictured well-below the signal line. Additionally, the histogram is also covered in the colour red.
Bollinger Bands have started to indicate a less volatile market as the bands are pictured contracting.
1-day
Ethereum one-day price analysis | Source: Trading View
The one-day chart pictures a downtrend from $499.01 to $144.62. On the other hand, the uptrends are recorded from $82.82 to $103.22 and $103.22 to $120.42. The coin has its immediate resistance level at $155.99, after which the strong resistance is at $219.04. The coin’s immediate support is seen at $103.17 and there is strong support at $82.72.
Klinger Oscillator has joined the bandwagon and is pictured celebrating the return of the bull as the reading line turned north after its crossover with the signal line.
Parabolic SAR is also seen rejoicing as the dots have aligned below the candlesticks, acting as a support system against the bear.
RSI shows that the cryptocurrency is currently overbought in the market as the buying pressure is more than the selling pressure.
Conclusion
The coin continues to indicate a bright future and the bear’s influence over the market is seen falling as the day passes. This is mainly because the bull is supported by Klinger Oscillator, and Parabolic SAR from the one-day chart, and Chaikin Money Flow from the one-hour chart.
The post Ethereum [ETH/USD] Price Analysis: Bull continues to grace the market with its presence appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] Price Analysis: Coin rides on bulls’ momentum to climb higher

The cryptocurrency market has flipped and most major tokens are reporting tremendous growth. Bitcoin holders would be happy as the coin reflects green in all the one hour, 24 hours and seven day markets. Ethereum [ETH] is the top gainer of the market, followed by EOS and Bitcoin Cash.
At press time, BTC was valued at $3,796.90 with a market cap of $66 billion. The coin registered a 24-hour trading volume of $8 billion. The world’s largest cryptocurrency noted a growth of 4.68% over the past day and rose by 3.85% over the past seven days. While reporting, the token was noting a growth by 1%.
1-hour
Source: TradingView
The one hour chart for BTC noted a sudden uptrend from $3,600.86 to $3,735.33. The coin failed to note any significant downtrend or resistance due to the current price rise. The coin marked support at $3,687.10.
Bollinger Bands appear to be diverging, increasing the volatility in the market. The moving average line is under the candles suggesting a bullish market.
Awesome Oscillator indicates a bullish market with strong momentum.
Chaikin Money Flow also indicates a bullish market as the markers are well above the zero mark.
1-day
Source: TradingView
The one day chart for the coin opens with a downtrend from $6,188 to $3,195.77, which was followed by an uptrend from $3,184.28 to $3,566,59. The token met with resistance at $4,075.34 and support at $3,358.99.
Parabolic SAR points towards a bullish market, as the markers have aligned under the candlesticks.
MACD line is over the signal line, indicating a bullish market. However, a crossover seems imminent.
Relative Strength Index indicates that both the buying and selling pressures are evening each other out, but the token is approaching the oversold zone.
Conclusion
As per the indicators from the one hour chart and the one day chart, a bullish future is predicted for the token.
The post Bitcoin [BTC] Price Analysis: Coin rides on bulls’ momentum to climb higher appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] Price Analysis: Token rises as market bulls stoke an uptrend

The global market has buoyed once again, adding $4 billion to the collective market cap over the past weekend. Bitcoin SV [BSV], the coin booted out of the top 10 by Binance Coin [BNB] is trading fairly well in the bullish market.
Bitcoin SV has risen in value against the US dollar by 2.97 percent and is currently trading at $63.90. The coin’s market cap stands at $1.12 billion, just under $200 million behind Binance Coin.
In terms of exchange volume dominance, the coin is most prominent in the Bit-Forex exchange, taking the top 2 spots and accounting for $10.14 million or 10.1 percent in the BSV/USDT trading pair and $9 million or 8.96 percent in the BSV/BTC trading pair. The third spot is taken by Bit-Z, via the trading pair BCHBSV/BTC, accounting for $8.54 million or 8.5 percent.
1-hour
Source: Trading View
The one-hour trend line shows that the coin saw three notable uptrends, the first from $63.26 to $64.02, the second from $63.18 to $63.90, and the final one from $63.19 to $65.72.
Bitcoin SV finds immediate short-term support at $62.74, and the immediate short-term resistance has risen from $64.11 to $65.98, as a bullish wave swept over the collective market.
The Bollinger Bands show a massive increase in volatility as the prices surged rapidly, while the Moving Average line shows a significant bullish trend.
The Chaikin Money Flow tools indicates a decrease in the amount of money pumped into the coin as the CMF line is below 0.
The Fisher Transform line shows a bullish wave as the coin Trigger Line has been overtaken by the Fisher Line.
1-day
Source: Trading View
The one-day chart for Bitcoin SV is beginning to show positive signs as a stabilizing spree is looking to push the bears out. The coin has been on a downtrend since it emerged, stretching from $114.44 to $66.42. Prior to the same, the coin rose up from $77.54 to $115.8.
Bitcoin SV finds immediate support at $61.14, which the coin has not fallen below since its emergence. The immediate resistance level of the coin stands at $68.88.
The Parabolic SAR shows that the coin is in a bullish phase, as the dotted lines are below the coin’s trend line.
The Awesome Oscillator shows that BSV is currently trading below 0. However, the concluding bars are green, indicating that a bullish trend is in the offing.
The Relative Strength Index shows a spike in investor interest as the coin’s price recently rose with the collective market. Bitcoin SV saw an RSI increase from 37.27 to its current level of 44.90.
Conclusion
Bitcoin SV has been pushed up by the collective market’s bulls. However, cash flow remains an issue, as indicated by the Chaikin Money Flow tool. In the short-term, the coin is trading with bullish insurgency and as the Bollinger Bands pointed out, the volatility of the coin is very high. In the long-term however, the coin is looking to use this uptrend to break out of a month-long stabilizing spree.
The post Bitcoin SV [BSV] Price Analysis: Token rises as market bulls stoke an uptrend appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Market bulls push token to break short-term resistance

A green wave was in the offing over the past weekend, as the global coin market surged, adding $4 billion to the overall market cap. Bitcoin Cash [BCH] the sixth largest cryptocurrency in the market is the second highest gainer in the market behind Ethereum [ETH], the top altcoin, and is looking to regain its lost fourth spot.
Bitcoin Cash has risen against the US dollar by 4.8 percent and is currently trading at $127.53. The market cap of the coin stands at $2.25 billion, $357 million behind EOS [EOS].
In terms of exchange volume dominance, the coin’s volume is more prominent in P2PB2B, in the following trading pairs, BCH/USD, BCH/BTC, and BCH/ETH, which accounts for $15.98 million or 5.37 percent, $15.58 million or 5.27 percent, and $14.84 million or 5.02 percent respectively.
1-hour
Source: Trading View
The one-hour trend line shows a massive spike beginning at 2100 UTC on 17 February, as the bulls pushed the collective market upwards. Following two downtrends occurring last week, the coin witnessed a significant uptrend from $119.79 to $126.59.
Bitcoin Cash finds immediate support at $118.44, the coin is currently trading at 7.67 percent higher than the aforementioned level. The coin broke the immediate resistance level placed at $124.22 and is now placed closer to the coin’s current price.
The Bollinger Bands shows a massive uptick in the coin’s volatility as the prices surged. The Moving Average line indicates the coin has moved into a bullish zone.
The Chaikin Money Flow tool shows that the investors’ money flow into the coin has dipped after rising on 16 February, with the CMF line currently below 0.
The Fisher Transform line shows the coin is trading with the bulls as the Fisher Line is above the Trigger Line.
1-day
Source: Trading View
The one-day trend line is marred by the Bitcoin Cash hardfork. The hardfork downtrend is the most prominent and pulled the coin’s price down from $627.07 to $132.32. Within the same downtrend, the coin had a significant uptrend from $82.5 to $191.19 during mid-December.
Bitcoin Cash finds immediate support at $108.59, which is higher than the previous level of $73.42. The coin’s immediate resistance level stands at $131.81, a peg-down from a previous level of $197.31.
The Parabolic SAR shows that the coin is in a bullish zone as the dotted lines are below the coin’s trend line.
The Awesome Oscillator shows that the coin is trading below 0. However, the concluding bars are green, indicating a bullish trend in the offing.
The Relative Strength Index shows an uptick in investor interest as the coins’ prices recently spurred. Bitcoin Cash saw an RSI increase from 46.21 to its current position of 52.51.
Conclusion
Bitcoin Cash has surged over the past weekend, as the collective market saw a wave of green. The coin is now the second-largest gainer in the market, which indicates the BCH bulls are roaring more relative to the rest of the market, indicating that the coin isn’t just, ‘going with the flow.’ In the short term, the coin has broken its resistance level and still looks bullish. In the long term, the coin is enjoying an uptrend, which proponents are hopeful will push the coin above the long-term resistance level of $131.81.
The post Bitcoin Cash [BCH] Price Analysis: Market bulls push token to break short-term resistance appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways

The sixth largest cryptocurrency in the market, Bitcoin Cash [BCH] has made meager gains as the collective market added $1 billion on 16 February. The top 10 is colored in stripes of red and green, with the three coins capping off the top 10, TRON [TRX], Stellar Lumens [XLM], and Binance Coin [BNB], all trading in red while the rest are looking upwards.
Bitcoin Cash’s value against USD is up by a small margin of 0.55 percent and is currently trading at $122.90. The market cap of the coin stands at $2.16 billion, while the coin trails EOS [EOS] and Litecoin [LTC] by $328 million and $478 million respectively.
In terms of exchange dominance, P2PB2B takes the top three spots with the trading pairs BCH/USD, BCH/BTC, and BCH/ETH, accounting for $14.37 million, $13.73 million and $13.13 million respectively.
1-hour:
Source: TradingView
The one-hour chart for Bitcoin Cash shows that the coin is trading sideways, with neither the bulls nor the bears taking charge. However, recent signs show an increasingly downwards movement.
Bitcoin Cash has been pushed down courtesy of two successive downtrends, the first extending from $125.8 to $119.79 and the next from $124.31 to $121.46.
The coin finds immediate support at $118.44, which the coin has not managed to slip below since prior to the February 8 rise. Bitcoin Cash posts an immediate resistance of $124.22, which the coin touched at the beginning of the week.
The Bollinger Bands indicate that the volatility of the coin is on a decline, while the Moving Average line indicates an imminent switch from the bears to the bulls.
The Chaikin Money Flow tool shows that money is being pulled out of Bitcoin Cash, as the CMF line is below 0.
The Fisher Transform line shows that the coin switched from the bears to the bulls at 2300 UTC on 15 February, following the Fisher line’s overtake of the Trigger line.
1-day:
Source: TradingView
The one-day chart for Bitcoin Cash shows a steep downtrend following the coin’s hardfork, which pulled down the price from $635.38 to $130.14. Prior to this downtrend, the coin rose up from $449.05 to $628.22.
Bitcoin Cash finds immediate support at $108.64, which has shot up from an earlier support level of $78.14. The coin’s immediate resistance level stands at $127.75, which is a shift downwards from an earlier resistance level of $198.22.
The Parabolic SAR shows that the coin is in a bullish phase, as the coin’s trend line is above the dotted lines of the indicator.
The MACD shows that the coin has been trading in a bearish zone, since the hardfork. However, the coin has been vying for a move out of the zone since early January.
The Relative Strength Index shows that the coin has been moving up on the investors’ shopping lists, as the RSI has shot up from 39.63, last week, to 46.95 at press time.
Conclusion
Bitcoin Cash has been in a recent tug-of-war with the short-term bulls trying to push the coin up, as the current market swings upwards, while the hardfork bears are still pulling the coin down. In the short term, since the market surged a week ago, BCH has been trading sideways, with the Bollinger Bands pointing to a volatility drop. However, in the long-term, the coin has stabilized since the bears of January pulled the price down to under $110, as indicated by the Parabolic SAR’s mild bullish signs and the minimal increase in investor interest.
The post Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Prices stagnate as the bears and the bulls continue to brawl

XRP, once the second largest cryptocurrency is now the third largest in terms of market cap on CoinMarketCap. The price of XRP at press time was $0.3079, with a market cap of $12.4 billion.
The 24-hour trading volume is low when compared to competing cryptocurrencies and at $412 million, most of the volume for XRP comes from the exchange ZB.COM via the trading pair XRP/USD.
1 Hour
Source: TradingView
The one-hour chart for XRP shows an uptrend that extends from $0.2952 to $0.3046, while the downtrend ranges from $0.3334 to $0.3093. The support at $0.2928 and $0.3038 are both holding the prices from falling. The price of XRP is currently bouncing off the resistance at $0.3160.
The Parabolic SAR markers are forming above the price candles indicating a bearish pressure on the prices.
The MACD indicator shows a crossover to the top, as the MACD and the Signal line are undergoing a bullish crossover. The histogram shows increasing green bars developing over the zero-line.
The Awesome Oscillator shows the same projections as the MACD, as it has also undergone a bullish crossover. The green bars developing over the zero-line indicates an increasing momentum.
1 Day
Source: TradingView
The longer time frame for XRP shows a dominant downtrend with no signs of a strong uptrend evolving. The downtrend extends from $0.9027 to $0.313. The support at $0.2587 is the only thing holding the prices from spiraling downwards. The resistance points at $0.5836, $0.6880 and $0.9027 will be tested soon considering how the prices are behaving.
The Aroon indicator shows a simultaneous increase of both the uptrend and the downtrend as the Aroon green and the red lines are both heading upwards.
The Chaikin Money Flow indicator is still below the zero-line indicating that the sellers are still pressuring the buyers i..e, the money is still flowing out of the market.
The Relative Strength Index shows the same scenario as the CMF as the RSI line is below the 50-line. This indicates that the sellers are dominant in the XRP market.
Conclusion
The one-hour chart shows bullish signs for the shorter time frame as confirmed by the MACD and AO indicator, contrary to the bearish indications of the the SAR indicator. The Aroon, CMF and the RSI all indicate a stagnant and sideways motion with a slightly bearish outlook for XRP in the longer term.
The post XRP/USD Price Analysis: Prices stagnate as the bears and the bulls continue to brawl appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Coin stands tall with the bull by its side

The whole market witnessed the bear’s short visit as a majority of the coins bled red during the time frame of its stay. Nonetheless, there were still coins in the market that stood tall against the bear such as Ethereum [ETH], the second largest cryptocurrency by market cap on CoinMarketCap.
According to CoinMarketCap, at press time, Ethereum was trading at $123.25 with a market cap of $12.92 billion. The coin recorded a trading volume of $2.95 billion and the coin pictured a rise of over 3% in the past seven days.
1-hour
Ethereum one-hour price chart | Source: TradingView
The downtrend for the cryptocurrency is recorded from $123.93 to $123.18, from $123.12 to $122.80 and from $122.81 to $121.50. The coin’s uptrend is outlined from $103.27 to $120.16. The immediate resistance for the coin is pictured at $122.83 and there is strong resistance at $123.96. The coin’s support levels are laid down at $119.39 and $115.69.
Parabolic SAR is currently showing a bullish reign for the coin as the dots are pictured below the candlesticks.
Bollinger bands are forecasting a less volatile market for the coin as the bands have moved closer in an attempt to suppress major price actions from taking place.
Chaikin Money Flow, however, is showing a bearish market for the coin as the line is below the zero mark, indicating that the money is flowing out of the market for the cryptocurrency.
1-day
Ethereum one-day price chart | Source: TradingView
The one-day chart demonstrates a sharp downtrend from $295.06 to $120.42. The uptrends for the coin are recorded from $83.74 to $103.22 and from $103.22 to $119.39. The immediate resistance for the cryptocurrency is placed at $128.57 and there is strong resistance at $156. The support grounds for the coin are at $103.22 and $82.81.
Klinger Oscillator continues to be optimistic as the reading line won over the signal line by placing itself above after a crossover, forecasting a bullish wave for the coin in the longer run.
MACD is also on the same page as the moving average line is above the signal line after the two had a crossover. Additionally, the histogram is also shining bright green, welcoming the long stay of the bull in the market.
RSI shows that both the buying and selling pressures for the coin have currently evened out in the market.
Conclusion
Despite the bear’s short-term visit, the coin continues to indicate a bright future. Indicators such as Klinger Oscillator, and MACD from the one-day chart and Parabolic SAR from the one-hour chart are standing with the coin in order to support its bull run.
The post Ethereum [ETH/USD] Price Analysis: Coin stands tall with the bull by its side appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Price Analysis: Coin struggles as bear continue to control the market

Tron’s TRX token, the eighth largest cryptocurrency in terms of market cap on CoinMarketCap has been performing sideways for the past few days, after pumping and settling on the eighth position from the tenth position. Tron Foundation’s regular updates about the coin’s better performance has contributed to the market sentiment being positive.
At press time, the token was valued at $0.0238 with a market cap of $1.59 billion. The coin registered a 24-hour trading volume of $117 million while registering a fall by 1.60% over the past hour. The coin has in fact, been falling since the past week by 12.04%.
1-hour
Source: Tradingview
The one hour chart for TRX noted a downtrend from $0.0267 to $0.0243. However, the coin failed to mark a significant uptrend. The coin traced its resistance at $0.0243 while support was observed at $0.0236.
Bollinger Bands appear to be converging, suggesting decreasing market volatility. The moving average line is under the candle pointing towards a bearish market.
Awesome Oscillator indicates weakened bullish momentum.
Chaikin Money Flow points towards a bearish trend as the marker is under the zero line, suggesting that money is flowing out of the market.
1-day
Source: Tradingview
The one day chart for TRX points towards a downtrend from $0.0183 to $0.0119, followed by an uptrend from $0.0132 to $0.0236. The coin traced its resistance at $0.0294 while noting support at two points. TRX is provided strong support at $0.0236 and at $0.0215.
Parabolic SAR points towards a bearish market as the markers have aligned themselves above the candles.
MACD line is under the signal line, indicating a bearish trend
Relative Strength Index indicates that the buying and the selling pressures are evening each other out.
Conclusion
As per the majority of the indicators, Chaikin Money Flow, Parabolic SAR, and MACD all forecast a bearish trend for the eighth largest coin and the token will have to prepare for competition from other coins for its position.
The post Tron [TRX] Price Analysis: Coin struggles as bear continue to control the market appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility

The fourth largest cryptocurrency in the world with respect to market capitalization on CoinMarketCap, Litecoin [LTC] soared moderately during the early part of the day.
The silver altcoin opened at $41.88 and climbed up to a high of $42.55, a day during which the price of the coin also fell to a low of $41.27.
At the time of writing, the coin had a market capitalization of $2.58 billion with a 24 hour growth of 2.71%. Priced at $42.66, the total volume of LTC traded across the market space was around $932.14 million.
The top three LTC pairs are trending at Coineal, ZB.COM and OKEx respectively. LTC/BTC at Coineal, is leading with a trading volume of $56.70 million and is priced at $42.69. The second position is occupied by LTC/USDT at ZB.COM with a volume of $45.01 million at $44.13.
1-hour:
Source: TradingView
In the hourly chart, LTC exhibited an uptrend from $40.97 to $41.76 and a downtrend from $43.97 to $41.19. The immediate resistance is noted at $46.42 and the support at $37.68.
Parabolic SAR: The dotted markers are all oriented below the candlesticks, indicating that the price momentum of LTC is exhibiting a bullish trait.
MACD: The MACD line above the signal line further marks a potential bullish trend for the silver coin.
Awesome Oscillator: The AO indicator in the hourly chart suggests a bearish trend with the lines turning red.
1-day:
Source: TradingView
An uptrend from $33.12 to $42.09 and a major downtrend from $55.84 to $38.95 has been recorded for the one-day chart of the coin. The immediate resistance is marked at $46.42 and the support point is at 37.68.
Bollinger Bands: The major expansion of the bands suggests high price volatility of the altcoin in the market.
Chaikin Money Flow: The CMF graph is moving above the zero-line, suggesting that the bulls have initiated a flow of capital into the market.
Klinger Oscillator: The reading line is treading below the signal line, indicating that the coin’s price is following a bearish pattern.
Conclusion
The CMF, Parabolic SAR and the MACD indicators give the edge to the bull. On the other hand, the KO and AO indicate the coin following a bearish trend supplemented by a degree of fluctuation.
The post Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC/USD] Price Analysis: Sideways trend resumes as bears suck volatility out of the market

Bitcoin has been moving stagnantly in a sideways fashion for over a week now, ever since its short-term pump on 8 February 2019.
The price of Bitcoin, at press time, was at $3,576 with a market cap of $63 billion. The 24-hour trading volume of Bitcoin is at $5.89 billion, and most of the trading volume for Bitcoin is coming from BitMEX by trading BTC perpetual contracts against the US Dollar.
1-hour
Source: TradingView
The one-hour chart for Bitcoin shows an uptrend that extends from $3,366 to $3,577, while the downtrend in the current time frame is not yet formed. The support at $3,358 is far from being tested ever since the above-mentioned rally. The resistance at $3,498 was breached a few days back however while the subsequent resistance at $3,577 is currently being tested.
The Parabolic SAR markers have spawned below the price candles, pushing the price upwards in line with a bullish trend.
The MACD indicator shows a bullish crossover as the MACD and the signal lines have crossed each other and are headed up.
The Relative Strength Index is slightly above the 50-line but below the 60-line. This indicates that the buying momentum is increasing for Bitcoin.
1 Day
Source: TradingView
The one day chart for Bitcoin shows a dominant downtrend that extends from $9,800 to $3,590. There isn’t a major rally which would lead to the formation of an uptrend. The support at $3,189 is holding good since November of last year. However, the support at $4,111 has now become a resistance line. The long term resistance for Bitcoin can be seen hanging at $7,641.
The Aroon indicator shows a further decline of the uptrend which was due to the recent short-term rally that occurred during the second week of February.
The Stochastic indicator is showing a bearish crossover in which, the Stochastic line and the signal line are both moving downwards.
The Chaikin Money Flow reads above the zero mark and indicates a decrease in the momentum of buyers i.e., the buyers getting exhausted while simultaneously the sellers gaining momentum.
Conclusion
The one-hour chart for BTC shows a relatively positive outlook as indicated and confirmed by the MACD, SAR and the RSI indicators. However, the longer time frame indicates a completely opposite trend for Bitcoin i.e., bearish trend, as indicated by the Aroon, Stochastic, and CMF indicators.
The post Bitcoin [BTC/USD] Price Analysis: Sideways trend resumes as bears suck volatility out of the market appeared first on AMBCrypto.
Source: AMB Crypto