CryptoBriefingTA

CryptoBriefingTA

Standard Tokenization Protocol is starting to show positive technical signs on both the lower and higher time frames, with the cryptocurrency stabilizing above its key moving averages. The STPT/USD pair has spent nearly two-weeks above its trend defining 200-day moving average and continues to create bullish higher highs and lower lows. Technical analysis shows...

CryptoBriefingTA

Decred buyers are attempting to rally price above the psychological $20.00 resistance level, following a strong reversal from the $17.50 level earlier this week. The DCR/USD pair has rallied by over 30 percent from its November price low and is currently trading around 10 percent above its December price low. Technical analysis shows that the DCR/USD pair is...

CryptoBriefingTA

Stellar Lumen remains under downside pressure, following its recent technical rejection from the $0.54 level as the downtrend still underway in the broader cryptocurrency market. XLM subsequently recovered to just above $0.56 at the time of writing, as a sudden BTC surge dragged the rest of the market with it. The XLM/USD pair has nevertheless lost nearly 40...

CryptoBriefingTA

Monero has posted double-digit gains following a strong bullish reversal from $45.00. The cryptocurrency is now attempting to recover from an eight-month trading low. The XMR/USD pair had declined by over 30 percent since the start of November and is currently trading around 58 percent below current 2019 trading high. Technical analysis shows that the XMR/USD...

CryptoBriefingTA

Zcash has slipped to its lowest trading level since March 2019, following the recent decline in the broader cryptocurrency market which was sparked by bearish news coming from China’s central bank. The ZEC/USD pair has fallen by over 30 percent since the start of November and 75 percent lower from its 2019 trading high. Technical analysis suggests that the coin...

CryptoBriefingTA

Binance Coin remains under pressure alongside the broader cryptocurrency market, with the BNB/USD pair trading over 10 percent lower since the start of the trading week. The BNB/USD pair now trades down by over 17.5% from its monthly peak, although it is still trading 200% higher since the start of the year. The coin has not traded above its 200-day moving...

CryptoBriefingTA

Litecoin has erased its early month trading gains, leaving the cryptocurrency testing back towards the October monthly trading low, just below the $50.00 level. The LTC/USD pair now trades down by over 25% from its monthly peak, and nearly 70% lower than its 2019 trading high around $160. The strong bid-tone that was present during the summer months never fully...

CryptoBriefingTA

The decline in the broader cryptocurrency market has placed Ethereum in a vulnerable technical position, with the ETH / USD pair moving below critical technical support. Ethereum had been struggling to rally away from the important $180 support level, after sharply reversing from the $195 resistance level earlier this month. At current trading levels, Ethereum...

CryptoBriefingTA

Ripple is back under heavy downside pressure, following a sustained bearish breakdown under the psychological $0.30 support level. The cryptocurrency is now at serious risk of falling back towards its current yearly trading low. With bearish momentum growing, the XRP / USD pair has shed around 5% of its value since the start of the week and now trades down by...

CryptoBriefingTA

Bitcoin Cash has been on a wild ride since mid-September, with the BCH / USD pair quickly reversing from the $330.00 level towards the $197.00 level and then recovering back towards the $300.00 level. The BCH / USD pair is currently consolidating around the $290.00 level before deciding its next directional move. At present, Bitcoin Cash trades around forty-five...

CryptoBriefingTA

Decred has been on the rise since Chinese President Xi Jinping’s positive comments towards blockchain and cryptocurrencies, with the DCR / USD pair exploding by around 100% from its 2019 trading low. The powerful rally has changed the short-term, but not the medium-term outlook for Decred, after the cryptocurrency previously suffered four consecutive months of...

CryptoBriefingTA

Cosmos continues its recent rise, with the ever-popular cryptocurrency now trading at its highest level since late-July this year. The ATOM / USD pair has been on a multi-day breakout and posting strong gains for eight of the last nine trading days. The rally this week has added over twenty percent to Cosmos’s value, while the cryptocurrency now trading over...

CryptoBriefingTA

Tezos has made major strides this week, with the cryptocurrency rallying to its highest trading level mid-August and gaining well-over thirty percent in value since the start of November. The rally has pulled back sharply from a high of $1.25, although the XTZ / USD pair is starting to stabilize around its 50-day moving average for the first time in nearly three...

CryptoBriefingTA

Dash is consolidating in an increasingly narrow trading range, as the popular cryptocurrency fails to rally despite have impressive technicals across both the lower and higher time frames. The DASH / USD pair has been trapped in a period of price consolidation since October 27th, after quickly recovering from the $57.00 level. On a monthly basis the...

CryptoBriefingTA

Ripple continues to struggle to forge a meaningful breakout above the $0.3000 level, despite the cryptocurrency having increasingly impressive technicals across both the lower and higher time frames. The sharp reversal from the $0.2000 level in September and the bullish higher monthly low around the $0.2500 level has helped to form an impressive inverted head and...

CryptoBriefingTA

Stellar Lumen is on the rise, after the cryptocurrency posted strong double-digit trading gains over the last twenty-four hours and rose to its highest trading level since late September this year. At current trading levels, the XLM / USD pair has posted an impressive gain of around thirty percent from the September monthly trading low. Although it is worth...