FutureBlockchain

FutureBlockchain

Hi all, The total altcoin market capitalization erased $4.6 billion of its value since Wednesday and is now at $83.8. In the meantime, all of the cryptocurrencies on our index ( Top 10 by market cap excluding BTC and USDT) registered losses for the 7-day period, except Tezos, which managed to gain 2.3 percent. The rising wedge that was in the making since the...

FutureBlockchain

Hi all, Looking at the 1h chart, Bitcoin is in a downtrend since May 18, but lower highs are part of the symmetrical triangle pattern, which is in formation since Saturday. Price is now narrowing the range to the zone between $9,800 - $9,650, so something is about to happen pretty soon !!! If we zoom out, we see that the price is quite stable, finding support...

FutureBlockchain

Hi all, ETH moved out of the falling wedge, but could not extend the move towards $216. Still, bulls are keeping the price above the mid-term downtrend and bear pressure seems pretty weak to me given the asset's movement during the past couple of days and the way the price has been recovering in the evening part of the sessions. On the other hand, RSI is near...

FutureBlockchain Updated 

Hi all, Great moves by ETH in the last few days ! The weekend of May 16-17 was full of action. It started with a solid green candle to $200 on Saturday as buyers were not yet ready to give up their positions after falling below this important psychological level. Then on Sunday, May 16, the Ethereum token climbed to $207 or right above the mid-term downtrend,...

FutureBlockchain Updated 

Hello all, As we discussed on Friday, the next obvious target for bulls was to confirm their position above the long-term downtrend and break out of the symmetrical triangle pattern by filling the gap between $9,600 and the psychological level of $10,000. They managed to partially achieve half of these goals. BTC managed to stabilize on Saturday, May 16 after...

FutureBlockchain

Hello guys, The weekend of May 16-17 was marked by a low volatility session on Saturday, during which the XRP token made a short move up to $0.199. It continued with its good performance on Sunday and closed the week at $0.201 or 4.1 percent higher compared to the previous seven-day period. The problem with XRP is that it continued to be is stuck in the wider...

FutureBlockchain

Hi guys, The situation with ETH is quite similar to the one with BTC (what a surprise). We can clearly see a diagonal resistance in front of bulls, which is part of the symmetrical triangle. We have more or less the same with Bitcoin Now, it looks like the horizontal support around $190 is providing stability, in line with the 100-day EMA, so I don't expect a...

FutureBlockchain

Hi all, BTC hit our first target from Wednesday, which was the $9,400 - $9,600 zone, surpassing the long-term downtrend and the horizontal resistance. It managed to close at $9,800 yesterday, adding 5.3 percent to its value and almost hit $10,000 during intraday. What we are seeing currently is a correction to the downside as the coin is trading around $9,400 as...

FutureBlockchain Updated 

Hi guys, Yesterday, BTC rebounded perfectly from the lower end of the support area - around $8,600 just like predicted and is currently trading above $8,900, which was our trigger for a reversal to the upside. I will be looking for more green from here, ideally aiming to get around $9,400 or below the horizontal resistance area BUT right at the diagonal...

FutureBlockchain Updated 

Hi guys, XRP is stuck in the $0.18-$0.23 area for more than a month now, making it less interesting for trading in comparison with the rest of the top altcoins. The weekend of May 9-10 started positively for buyers and they managed to reach the meeting point of the horizontal resistance and the 200-day EMA at $0.225. The hard rejection there, however, combined...

FutureBlockchain Updated 

Hi all, On the last day of the workweek, the leading altcoin made a slight correction to its price and closed at $211. This was followed by another red session on the first day of the weekend as bulls were starting to lose ground. The coin did not manage to break above the $216-$220 as predicted on Friday and instead made a deep dive, following the example of...

FutureBlockchain Updated 

Hi guys, The latest movement from BTC is looking quite strange to me, almost artificial, to say the least. We hit $10,000 on May 7 then fell all the way down to $8,000 before jumping back to $8,700. I mean I don't believe in round numbers since they don't always represent the technical levels, which are important to the price. I believe this is a fake...

FutureBlockchain

Hi guys, I haven´t posted an update for ETH for some time, but the coin is perfectly following the suggested trading idea from Monday which was to re-test down $200 then climb back up to the $216-$220 R zone. The mentioned area was not surpassed yesterday, but I'm still bullish here and depending on how BTC reacts to the market these days, we will be seeing...

FutureBlockchain

Hi guys, Great move by BTC yesterday. It successfully broke above the long-term downtrend and surpassed our next targeted price of $9,600, hopefully turning it into support. The coin now trading stable at $9,845 as of the time of writing this midday in Europe. So, the BTC/USD pair is now currently situated above all major EMAs, it broke the diagonal resistance...

FutureBlockchain Updated 

Hi all, BTC working like a clockwork. The move to $8,900 resulted in a reversal to the upside as commented on Monday The BTC/USD pair climbed above $9,000 yesterday (PHASE 4) and today it almost hit the diagonal resistance, which is now situated at $9,460. The volatility is quite high although bitcoin is not seeing a significant increase in trading...

FutureBlockchain

Hi all, Not a lot happening for XRP when it comes to technicals. We all know that the Ripple company registered terrible quarter results and experienced some internal selling, but these types of turmoils were always around when it comes to the biggest crypto startup. They are not affecting the price though. The XRP/USD pair stays caught in the $0.215-$0.225 zone,...

FutureBlockchain

Hi guys, The Altcoins index is gravitating around the $735 line since April 29 when it found support at the 200-day EMA and moved about the horizontal resistance. What we are seeing currently is the price being caught between the two long-term EMA's with $735 as a middle line. Next level I'm looking at upwards is $785 and down - $700. So, we target a move to...

FutureBlockchain

Hi all, ETH was performing amazing during the last seven days hitting the $220 line twice and moving above it on one occasion on April 30. The weekend trading started positively for bulls as they moved up to $214 on Saturday in a low volatility day then on Sunday, the coin was rejected at $220, which is the upper end of our next targeted zone and moved down to...