Bitcoin (BTC) Price Analysis: Still in Correction Mode
March 20, 2019
Bitcoin is still consolidating after its recent test of the ascending channel resistance, keeping the correction going. Price seems to have bounced off the 38.2% Fibonacci retracement level but might still be due for a larger…
Ethereum (ETH) Price Analysis: Shallow Uptrend Going On
March 19, 2019
Ethereum has formed higher lows and higher highs to create a rising wedge formation visible on its 1-hour chart. Price is down to the wedge support that lines up with the 50% Fib where buyers might be waiting.
Bulls are defending…
Bitcoin (BTC) Price Analysis: Bullish Correction Needed?
March 19, 2019
Bitcoin bulls are putting up a fight and defending the nearby support around the $4,050 minor psychological level. This lines up with the mid-channel area of interest on the 1-hour time frame and the 38.2% Fib retracement level.
If…
Bitcoin (BTC) Price Analysis: Another Upside Breakout Attempt
March 18, 2019
Bitcoin is back to testing the top of the symmetrical triangle visible on the 4-hour chart, perhaps making another attempt to break higher and sustain an uptrend.
A strong close above the $4,100 to $4,200 area could be enough to…
Bitcoin (BTC) Price Analysis: Reversal Still Possible?
March 14, 2019
Bitcoin recently broke below a short-term rising trend line to signal that a reversal from the uptrend is due. Price has pulled up for a retest and the broken support is holding as resistance, possibly sending price down to the next…
EOS Price Analysis: Waiting for a Consolidation Break
March 13, 2019
EOS has formed lower highs and higher lows to consolidate inside a symmetrical triangle visible on its 1-hour time frame. Price is approaching the peak of the formation to show that a breakout is due soon.
The 100 SMA is below the…
Bitcoin (BTC) Price Analysis: Near-Term Upside Targets
March 13, 2019
Bitcoin is bouncing off a short-term area of interest visible on the 1-hour time frame. This could keep it on track towards testing the next upside targets marked by the Fibonacci extension tool.
Price is closing in on the 38.2% level…
Stellar (XLM) Price Analysis: Bulls Waiting to Buy on Dips
March 12, 2019
Stellar has been trending higher inside an ascending channel, making higher lows and higher highs. Price is currently testing the resistance around the 0.110 mark and might be due for a pullback to support.
Applying the Fibonacci…
