Cryptocurrencies

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Technical Analysis – ETHUSD hovers inside Ichimoku cloud; indicators signal bullish bias

Posted on April 17, 2019 at 1:22 pm GMT

ETHUSD has been trading inside the Ichimoku cloud and between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Over the last week the price has been moving sideways after the drop beneath the 168.30 barrier. The MACD oscillator is heading upwards, above the trigger line and the RSI entered the positive zone, pointing upwards. Resistance could occur around the 168.30 hurdle, which coincides with the 40-SMA. A break above this area could increase the bullish sentiment, retesting the 23.6% [..]

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Technical Analysis – BTCUSD dives beneath SMAs, but finds support at 23.6% Fibonacci

Posted on April 12, 2019 at 8:57 am GMT

BTCUSD returned near the 23.6% Fibonacci retracement level of the upleg from 3313 to 5440 around 4940 but failed to drop below it over the last few sessions. The price found strong resistance near the five-month high of 5440, slipping below the 20- and 40-simple moving averages (SMAs), however, the technical indicators suggest that bearish correction may came to an end. The stochastic is edging higher after the dive in oversold zone, while the RSI is flattening in the negative zone. In case [..]

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Technical Analysis – ETHUSD heads south after recording 5-month high

Posted on April 8, 2019 at 12:12 pm GMT

ETHUSD retreated after it found strong resistance on the five-month high of 186 earlier on Monday. Momentum indicators are all supportive of the bullish view, as the red Tenkan-sen line and the blue Kijun-sen line point up, as well as the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Additionally, the MACD oscillator is strengthening its bullish momentum above trigger line in the positive territory. After the minor bearish retracement, the price may head north again towards the [..]

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Cryptos roar back: dead-cat bounce, or more upside? – Cryptocurrency News

Posted on April 3, 2019 at 3:07 pm GMT

After a long period of declines, cryptocurrency prices suddenly jumped this week, with the original digital currency – Bitcoin – leading the charge higher. Yet, nobody can pinpoint a concrete fundamental reason for this change in fortune for digital coins, other than a massive buy order being executed. Hence, nothing much seems to have changed in the bigger picture, implying that this is unlikely to be the beginning of a new uptrend for cryptos, and that investors should tread lightly. [..]

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Technical Analysis – BTCUSD eases below 4½-month high after sharp bullish rally

Posted on April 2, 2019 at 1:29 pm GMT

BTCUSD skyrocketed to a fresh four-and-a-half-month high of 5052 earlier on Tuesday, finally creating an impressive bullish rally. Currently, the price is returning some of those gains but remains above the 23.6% Fibonacci retracement level of the upleg from 3313 to 5052, around 4642. However, some of the technical indicators are losing momentum after the sharp rise in the 4-hour chart. The RSI indicator seems to be overbought, as it is turning lower above the 70 line, while the stochastic oscillator dropped below [..]

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Technical Analysis – BTCUSD extends gains; positive bias in play

Posted on March 27, 2019 at 1:57 pm GMT

BTCUSD is approaching again the two-month high of 4032, exiting from the Ichimoku cloud. According to the stochastic some weakness could emerge as it seems to be overbought, however, the RSI indicator is still sloping upwards approaching the 70 level in the 4-hour chart. Should the price extend higher and successfully surpass 4032, it could find immediate resistance at the 4085 barrier, taken from the peak on January 8. Also, an advance above this region would increase speculation that a bullish move is in progress [..]

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Technical Analysis – BTCUSD holds above uptrend line; bullish in near term

Posted on March 18, 2019 at 2:38 pm GMT

BTCUSD is currently developing below the two-month high of 3994.20 and back near the flat red Tenkan-sen line.  According to the momentum indicators some weakness could emerge as both the RSI and the Stochastics are losing steam after a peak in the overbought territory. Should the price extend higher, it could find immediate resistance at the 3994.20 level before touching the 4085 barrier, taken from the peak on January 8. Also, an advance above this region would increase speculation that a bullish move is in progress towards 4210, where [..]

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Technical Analysis – ETHUSD rebounds to challenge 23.6% Fibonacci region

Posted on March 6, 2019 at 1:16 pm GMT

ETHUSD has been moving below the 23.6% Fibonacci retracement level of the upleg from 99.00 to 148.15, around 136.40 after hitting the 138.65 resistance level. In addition, the price holds above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI indicator stands flat in the positive area and the MACD is gaining momentum above the zero line. Resistance could occur around the 23.6% Fibonacci and the 138.65 barrier. A break above this area could increase the bullish [..]

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Technical Analysis – BTCUSD hovers inside Ichimoku cloud; immediate resistance 20-SMA

Posted on February 27, 2019 at 1:07 pm GMT

BTCUSD is currently hovering within the Ichimoku cloud and is approaching the 20-simple moving average (SMA) in the 4-hour chart after it posted a bearish crossover with the 40-SMA in the past sessions. The RSI indicator is holding slightly below the 50 level, while the stochastic oscillator is approaching the overbought zone with strong momentum. Should the price extend higher, it could find immediate resistance at the 3840 level, which currently coincides with the 40-SMA. Also, an advance above this region would increase speculation [..]

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Technical Analysis – BTCUSD moves into the cloud but faces strong resistance at 4,000

Posted on February 21, 2019 at 11:43 am GMT

BTCUSD registered three consecutive winning days this week to overcome its 20- and 50-day moving averages (MA) and enter the Ichimoku cloud. But the bulls seem to be running out of fuel according to the Stochastics which are set for a bearish cross above the 80 overbought mark. The RSI confirms this view, as the indicator looks to be losing steam slightly below its own 70 overbought level. A reversal to the downside could see a retest of the bottom [..]

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