Ethereum Price Analysis: ETH Starts Downside Correction Below $150

Key Highlights ·         ETH price failed to stay above the $155 support and declined recently against the US Dollar. ·         Yesterday’s highlighted key bullish trend line was breached with support at $150 on the hourly chart of ETH/USD (data feed via Kraken). ·         The pair may continue to correct lower towards the $144 or $139 support level. Ethereum price is slowly moving in the bearish zone against the US Dollar and bitcoin. ETH/USD may accelerate the current correction towards $144 or $139. Ethereum Price Analysis Recently, ETH price failed to…

Ether Markets Are Mimicking Bitcoin’s 2015 Price Bottom

Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear market bottom in 2015.  In the world of technical analysis and trading, similar and repeating market structures are known as fractals, similar to the recurring patterns found in art, nature and mathematics. The two emotions…

Bitcoin Price Between Holding Gains and Losing Gains as Breakout Waits

The bitcoin price held onto its gains this Monday as the trading session across the Asian and European markets expressed its calm. The bitcoin-to-dollar pair is trading at $4,009, down 1.93 percent from Monday’s high. The correction appears natural to an overperforming asset, and its significance should be weighed in when it extends as far as 10 percent from the recent peak. As bitcoin heads into an interim sideways trend, the asset has attempted to pierce below $4,000 on five separate occasions today. It seems that there is a decent…

Monero “Mistake”—Now You Can’t Pay for Fortnite Merch with Monero

If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.” Oops, but also… how? Monero Mistake Over the weekend, the CEO of Epic Games—the creators of 2018’s biggest game, Fortnite—admitted that adding Monero as a payment method on the games online store was a “mistake.” And not a ‘Now that I have reflected on my actions I believe I chose the wrong course of action’ mistake,…

Bitcoin News Summary – January 7, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  The forthcoming major exchange Bakkt announced the completion of their first funding round, which raised $182 million. Bakkt intends to cater to institutional interest in Bitcoin and other digital assets. Concerns surfaced regarding crypto exchanges. Bitcoin investor, Trace Mayer, called for a “Proof of Keys” event on the 3rd of January. Users were prompted to withdraw their bitcoins from exchanges to test for full or fractional reserves. HitBTC froze certain client’s withdrawals ahead of the event. Other companies listed…

TRX up 18.5 Percent, Breakout Likely

Tron Price is up 18.5 percent in the last week. EtherGoo migrates to Tron weeks after Tron Arcade launch Main resistance level and buy trigger is at 2.5 cents At spot prices, Tron (TRX) is up 18.5 percent in the last week and poised for more gains thanks to favorable fundamentals and technical candlestick formations. Any surge above 2.5 cents would trigger bulls aiming at 4 cents or higher. Tron Price Analysis It may appear so near, yet it is technically too far. TRX prices, despite the Tron Foundation partnering…

Ripple Price Analysis: XRP a “Stable”, Range-bound

Ripple Price is surprisingly ranging within a 6-cents zone. Bulls yet to break above the all-important resistance level at 40 cents Kuwait House Finance Adopts Ripple’s Technologies Bitrue avails four more trading pairs with XRP as base Although participants are raving about Ripple (XRP), prices are stable and confined within a 6 cents trade range. Unless otherwise there are sharp gains above 40 cents, we shall recommend taking a neutral stand. Ripple Price Analysis Interestingly, XRP—a coin which we all saw erupt from 25 cents a while back, is close…

BTC Bulls Soar, Next Target $4,500

Bitcoin price is trading above the psychological $4,000 mark. Prices are held within a $800 range with upper limits at $4,500 BitFinex and ETHFinex under maintenance DX Exchange rolls out, support Bitcoin Still, Bitcoin prices are consolidating within an $800 but likely to break above $4,500 triggering conservative traders into action. Because of the ongoing BitFinex maintenance, volatility could increase, and from candlestick arrangement, bulls will be the main benefactors. Bitcoin Price Analysis At spot prices, BTC is up 4.8 percent against the USD in the last day. Weekly gains…

Breakout Ahead? Bitcoin Closes on Key Price Hurdle

Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140. The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800. Notably, the break above $4,000 has added further credence to the short-term bearish-to-bullish trend change signaled by the three-day chart on Dec. 20. The job, however, is only half done for bulls, as prices are yet to take out the resistance at $4,140 – the neckline…

Law Enforcement Inquiries Sent to Kraken Nearly Tripled in 2018

Cryptocurrency exchange Kraken has received nearly three times more law enforcement inquiries in 2018 than in 2017, the exhange reported in a tweet Jan. 5. According to data displayed in the weet, in 2018 the exchange received 475 law enforcement inquiries from global government agencies, while in 2017 there had been only 160. Still, 2017 numbers were already considerably higher than the previous year, when there were only 71 inquires. Annual Law Enforcement Inquiries Received by Kraken – Source: Kraken tweet The tweet further highlighted the prevalence of United States…