Ethereum Technical Analysis: ETH/USD jumps over 5%, as price breaks out above a descending trend line

Ethereum was seen up almost 5% on Monday, after starting the session very slow, within negative territory. ETH/USD manages to take a jump back above the $500 mark. Resistance seen around $525, could cause some problems for the bulls attempt to build on momentum.   ETH/USD 30-minute chart   Spot rate:                    6224.90 Relative change: […]

Bitcoin Cash Technical Analysis: BCH/USD moving within a short-term descending channel, breakout imminent, should demand zone $820-830 continue to support the price

Bitcoin Cash price seen down on Monday by 0.70%, as crypto prices across the board remain stagnant. Descending channel pattern can be seen on the 30-minute chart view. Supporting demand zone seen tracking from $820-830 for BCH/USD.   BCH/USD 30-minute chart Spot rate:                    840.80 Relative change:         – 0.70% High:                           847.50 Low:                            820.10 […]

Litecoin Technical Analysis: LTC/USD bloodshed prevented by demand zone, 14th & 16th June lows, price down over 1% on Monday, a failed break above $94 could be costly

Litecoin price softens again on Monday, however grabs support at the lows of 14th and 16th June.   LTC/USD at risk of dropping down to $89, if it fails to break above and clear resistance at $94 level. A clearance of the above-mentioned resistance can allow Litecoin a run up to $96-97, the barrier ahead […]

Bitcoin Technical Analysis: BTC/USD price action is stagnant, as it remains stuck within a demand zone, with bears continuing an attempted breakdown

Bitcoin price action is very much muted on Monday, sticky within a strong touted demand zone. BTC/USD has been struggling to make any form of committed direction, between $6100-6500. Given current price behaviour it would suggest that a potential breakout is imminent.   BTC/USD 30-minute chart   Spot rate:                    6427.7 Relative change:         -0.20% […]

Ripple Technical Analysis: XRP/USD not off to a good start for the week, as price drops 2.5%, saved for now by demand zone in early $0.50 territory, but $0.45 eyed by bears.

Ripple price hit at the start of the week, drops 2.5% on Monday, close to giving up $0.50 territory to the downside. XRP/USD manged to find some support in a touted demand zone, when price bounced after being oversold, looking at the RSI within the 30-minute time frame. Exposure by the bears of $0.50, could […]