Cryptocurrencies / Page 27

Is the “crypto winter” here to stay? – Cryptocurrency News

Posted on January 17, 2019 at 4:21 pm GMT

The cryptocurrency complex had a horrendous run in 2018, with most major coins collapsing following their meteoric rise in the prior year, as the “euphoria” faded and in the midst of greater regulatory scrutiny. Alas, considering that several key issues remain unresolved – ranging from security and regulation concerns to illiquidity – it’s difficult to envision any major reversal in the fortunes of digital coins in the foreseeable future. To say that the cryptocurrency market performed dreadfully in 2018 would [..]

Technical Analysis – ETHUSD trades below SMAs with weak momentum

Posted on January 17, 2019 at 12:49 pm GMT

ETHUSD is slowing down below the moving averages in the 4-hour chart, while according to the technical indicators the market seems to be neutral. The RSI keeps developing below 50 with weak momentum and the MACD oscillator is flattening above its trigger line but below the zero level. In case of a move lower, the price could challenge the 23.6% Fibonacci retracement level of the negative movement from 221 to 80, around 113.10. This area could be difficult for the bears to overcome initially, but if there is a [..]

Technical Analysis – BTCUSD hovers above 23.6% Fibonacci with weak momentum

Posted on January 9, 2019 at 12:44 pm GMT

BTCUSD has been recording marginally flat candles over the last sessions in the 4-hour chart, after the advance above the 23.6% Fibonacci retracement level of the downleg from 6508 to 3116.50, around the 3916 support. The price holds above the 20- and 40-simple moving averages (SMAs), while the RSI indicator is flattening above the neutral level. Moreover, the MACD oscillator is losing momentum near the zero line. If the price strengthens momentum to the upside, the next immediate resistance to have in mind is [..]

Technical Analysis – BTCUSD still stuck below 23.6% Fibonacci; bearish outlook

Posted on January 3, 2019 at 1:52 pm GMT

BTCUSD has been moving sideways after it found strong support at the 3116.15 barrier on December 14. The price holds within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI indicator stands around the neutral level and is pointing slightly up. Moreover, the MACD oscillator is losing momentum near the zero line. Resistance could occur around the 23.6% Fibonacci retracement level of the downleg from 6508 to 3116.15 of 3912.40. Slightly above this area, the [..]

Technical Analysis – ETHUSD rallies above moving averages; still negative in long term

Posted on December 19, 2018 at 2:29 pm GMT

ETHUSD has been strengthening its upside momentum over the last few sessions after the bounce off the 19-month low of 80. The price rose above the bullish cross of the 20-simple moving average (SMA) and the 40-SMA in the 4-hour chart. From the technical point of view, the indicators are moving higher with the RSI standing in the overbought area and the MACD oscillator holds above its trigger and zero lines. In case of a jump above the 106 significant resistance level, this would open the way towards [..]

Technical Analysis – BTCUSD bearish outlook does not change in short and long term

Posted on December 12, 2018 at 12:44 pm GMT

BTCUSD rebounded on the 15-month low of 3187 and is currently picking up speed above the 20-simple moving average (SMA) in the 4-hour chart. The RSI turned higher but remains in the negative territory. At the moment, it continues to head higher in support of a slightly positive short-term picture. The bias in the very-short-term also looks bullish somewhat as indicated by the MACD, which holds above the trigger line. Resistance could occur around the 40-simple moving average (SMA), which overlaps with [..]

Technical Analysis – BTCUSD continues bearish sentiment; ready to finish year in red

Posted on December 5, 2018 at 10:31 am GMT

BTCUSD is extending its losses and is currently trading not far above the 14-month low of 3490 hit on November 26. The price fell below the bearish cross between the 20- and 40-simple moving averages in the 4-hour chart. The stochastic oscillator is heading lower towards the oversold territory; however, the RSI indicator is turning slightly higher in the bearish zone. Should the pair stretch south, the multi-month low of 3490 could provide immediate support before the pair slips lower. A significant [..]

Technical Analysis – ETHUSD rebounds on 18-month trough; maintains sell-off sentiment in long term

Posted on November 28, 2018 at 2:55 pm GMT

ETHUSD has been strengthening its upside momentum over the last couple of days after the bounce off the 18-month low of 97.85. The price rose above the 20-simple moving average (SMA) and is approaching the 40-SMA in the 4-hour chart, while from the technical point of view the indicators are moving higher. The RSI indicator is moving higher, surpassing 50 level and the MACD oscillator holds above trigger line but it remains below zero line. In case of a jump above the [..]

Technical Analysis – BTCUSD plunges to 16-month low; strong negative sentiment in long-term

Posted on November 26, 2018 at 11:47 am GMT

BTCUSD plummeted to a new 16-month trough of 3814 earlier today, continuing the strong sell-off sentiment of the previous couple of weeks. The RSI and the MACD have both weakened, with the former remaining in the oversold zone and the latter easing below its red signal line. Downside risks persist as both indicators continue to fluctuate in bearish territory. If the market manages to pick up speed to post more losses, support could be found around the 3500 region, taken from the low in September [..]

Cryptos crumble as regulators “tighten the screws” – Cryptocurrency News

Posted on November 22, 2018 at 4:13 pm GMT

The cryptocurrency universe experienced another meltdown last week, with Bitcoin breaking critical support to touch 13-month lows amid signs US regulators are set to toughen their stance towards digital currencies and Initial Coin Offerings (ICOs). While there may be some more pain in store for coin prices in the short run as greater regulatory scrutiny raises compliance costs, to the extent that this helps legitimize the industry, it could pay dividends down the road. Most cryptocurrencies are still licking their [..]

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