ETH has been experiencing quite a bit of bullish price action today! It has finally crossed over its 50-day SMA, signaling that its path of least resistance is to the upside. Along with this, momentum is starting to show itself within the MACD, as the 12-day EMA is beginning steep upwards above the 9-day EMA. Lets see if ETH can regain control of its uptrend.
Sell-off currently dragging the NEO/USD exchange rate close to $32. Head and shoulders clearly shown on the 4-hour. Expect continued bearish momentum if NEO crosses below the neckline around $30. In addition, the 12-day EMA on the MACD took a steep downturn alongside a massive red (sell) volume candle, and the RSI shedded over 15% of its previous momentum. Keep a...
BTC is beginning to near its previously formed uptrend. If it can regain control of this trend, expect continued bullish action.
ETH has been on a rather sluggish ride since its last correction. But, as of this week, ETH has been able to successfully gain some bullish momentum. Currently sitting above its 50-day moving average, ETH has been experiencing solid buy volume over the past few days. The 12-day EMA is still on a steady rise above the 9-day EMA on the MACD, and the RSI is holding...
XRP just broke through its major level of resistance at the $0.245 level! Buy volume seems to be coming in strong, however the 12-day EMA is on a steep rise above the 9-day EMA, indicating a slight amount of over-bought volume. Nonetheless, momentum seems to be settling in. Lets see where XRP is headed.
NEO finding strong support well above the 50-day moving average. Buy volume seems to be coming in relatively well, and the 12-day EMA on the 4-hour chart seems to be on a steady upward rise above the 9-day EMA. Lets see if momentum can be held. Note: If NEO can break through its $40 resistance level, this would clear the path to $47-$50.
The NEO/USD exchange rate is beginning to near its next major level of resistance at $39. If NEO can successfully hurdle through this roadblock, a clear path would be made to breach the next level of resistance at $44. As for now, buy-volume is seeping in strong, and the 12-DAY EMA just crossed over the 9-day EMA at a low point on the 4-hour chart, and seems to be...
The BTC/USD exchange rate seems to be nearing with its past uptrend with solid momentum, indicating the strong possibility that it may just re-gain control over it. If this occurs, all bearish exceptions of BTC's short-term price action will be proved irrelevant, false, and practically worthless. NOTE: If BTC can successfully jump over its $4480 hurdle, expect the...
The XRP/USD exchange rate is currently sitting above what was once a major roadblock for the crypto's price action. As of this week, XRP was able to successfully gain enough momentum to break through previous resistance around the $0.23 level. While this "parabolic" price movement may be due to hype from the upcoming and long anticipated Ripple 'SWELL' event, its...
Along with #ETH, Litecoin seems to have remained relatively stable since its last correction. As of right now, the LTC/USD exchange rate is hovering directly in-between its 50-day and 100-day simple moving averages. However, its current price point is sitting directly on top of the 100-day, signaling thats its current level may be providing a strong floor of...
While all other cryptocurrencies have been going through rollercoaster rides since the Chinese regulation turbulence, Ethereum has remained quite stable. The ETH/USD exchange rate is currently sitting below its previously formed uptrend, hovering directly in-between both the 50-day and 100-day SMA's. Buy volume seems to be coming in relatively strong, and the MACD...
Head and shoulders bearish reversal pattern on the hourly. Be cautious if the NEO/USD exchange rate begins to near the $27 neckline level. If it crosses below this point, more bearish movement may be evident. As of right now, NEO's price is hovering directly above its 50-day SMA, indicating a possible level of support. Along with this, the 100-day SMA seems to be...
In order to confirm bullish action within BTC's price movement, BTC must regain control of its month-long uptrend. In order for this to happen, it must break to the upside of the white trend line at around $4,450. However, a golden crossover of the 50-day and 100-day moving averages occurred the time of BTC's 10% price pump the other day, indicating the...
XRP seems to be gaining some exciting bullish traction! When looking at the daily, XRP's current USD exchange rate is hovering directly above its 100-day SMA, indicating a possible level of support around this price level ($0.216). In addition, the RSI seems to be signaling that a regain of its previously lost momentum is steadily settling in. Buy volume is coming...
Litecoin seems to still be struggling to break the trend line to the upside and regain much of its lost momentum. The LTC/USD exchange rate is hovering directly below the 100-day SMA on the daily chart, indicating that the current price level, while acting as a level of support, is also acting a strong level of resistance. RSI seems to slowly be gaining bullish...
ZEC/USD exchange rate currently sitting directly above its current uptrend and 100-day SMA. RSI is beginning to show signs of serious loss of momentum, and the 12-day EMA on the MACD is beginning to take a steep downward pull. If support cant be found at this level, in my opinion, expect continued bearish action. Watch this one closely.
Clear double top formation on the daily chart for #Dash. Its currently experiencing what seems to be massive resistance directly below the 100-day simple moving average. Momentum on the RSI has been dying down over the past week, but seems to have gained some of it back today. MACD indicating slight over-sold volume, however the 12-day EMA just recently crossed...
While most cryptocurrencies have recovered since the recent South Korea ICO ban, Ethereum seems to be struggling behind. RSI is showing a lot of weak momentum compared to Julys correction. Along with this, the EMA's on the MACD, while on an upward slope, are struggling to regain much of that lost bullish movement. Also, massive resistance seems to be found around...