Tag: Analysis

XRP Technical Analysis

Technically, Ripple (XRP) is bearish and that’s despite news of Wirex support or coin listings in different exchanges around the world which is of course supportive of price. Following yesterday’s high volume XRP bull candlestick reversing from support, chances are we might see a follow through today but that won’t be enough to warrant XRP buys until after Ripple bulls break above 50 cents. From the News Ripple’s RTXP is not only reliable but it one of the most versatile protocol out there. The user case of XRP is particularly…

Litecoin, IOTA, Stellar Lumens, Tron, EOS Technical Analysis

On a positive note, altcoins are on a recovery path and syncing with last week’s bulls. Not only are we seeing respectable gains in Litecoin, EOS and IOTA-which by the way is reversing from 90 cents, but the fact that LTC bulls are now retesting $90 is encouraging from a bull perspective. Hopefully, coin specific news would continue trickling in boosting prices in the process. Let’s look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View You have to check this yourself but according to CoinFairValue, EOS’s…

Ethereum Classic Price Analysis: ETC/USD Likely Forming Double Bottom

Key Highlights Ethereum classic price retested an important support area near $15.75 against the US dollar. There is a crucial bearish trend line forned with resistance at $16.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may perhaps break the $16.20 resistance and the 100 hourly simple moving average. Ethereum classic price is under pressure against the US Dollar and Bitcoin. ETC/USD is likely forming a double bottom pattern near $15.75, which could ignite bullish moves. Ethereum Classic Price Support There were continuous declines…