Bitcoin Cash Price Analysis: BCH/USD Could Crash Below $300

Key Points Bitcoin cash ABC seems to be a winner and it is currently trading below $300 against the US Dollar. There is a major bearish trend line formed with resistance at $335 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of a major downside break below $300 in the near term. Bitcoin cash price is trading near $300 on Kraken against the US Dollar. BCHABC is likely to retain BCH ticker and it is currently trading below $300…

Bitcoin Price Weekly Analysis: Sell Rallies In BTC/USD Near $5,880

Key Points Bitcoin price declined heavily and traded close to the $5,200 support level against the US Dollar. There is a short term consolidation pattern formed with resistance at $5,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher towards $5,750 or $5,880, but upsides are likely to be contained. Bitcoin price settled below key supports against the US Dollar. BTC/USD may recover in the short term, but sellers remain in control around $5,880. Bitcoin Price Analysis This past week, we saw…

Ethereum Price Weekly Analysis: ETH/USD Facing Uphill Task Near $194

Key Highlights ETH price is forming a decent support above the $165 level against the US Dollar. There is a major bearish trend line in place with resistance at $193 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may slowly correct higher towards the $188, $192 and $194 resistance levels. Ethereum price is trading in a range versus the US Dollar and Bitcoin. ETH/USD could trade higher towards the $192-194 resistance area in the near term. Ethereum Price Analysis This past week, we saw a major…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, DASH: Price Analysis, Nov. 16

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin saw its third worst drop of 2018 on Nov. 14, as it broke down to new year-to-date lows. In doing so, it broke through the critical support of $5,900, which had held throughout the year. Prior to the breakdown, Bitcoin had entered a…

Cardano Price Analysis: ADA/USD Could Resume Losses Below $0.062

Key Highlights ADA price fell sharply and traded below the $0.0700 and $0.065 supports against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0640 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to decline once again if sellers push the price below the $0.0620 support. Cardano price tumbled recently against the US Dollar and Bitcoin. ADA/USD is currently recovering, but upsides are capped near $0.0640 and $0.0675. Cardano Price Analysis In the last analysis, we…

Ripple Price Analysis: XRP/USD Facing Uphill Task Near 100 SMA

Key Highlights Ripple price recovered nicely and moved above the $0.4500 and $0.4600 resistances against the US dollar. Yesterday’s highlighted key bearish trend line with resistance at $0.4660 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair will most likely face a strong selling interest near the $0.4860 and $0.4900 resistances. Ripple price managed to correct higher against the US Dollar and Bitcoin. However, XRP/USD is likely to struggle near $0.4900 and the 100 hourly SMA. Ripple Price Analysis Yesterday, we saw a…

Ethereum Price Analysis: ETH/USD Remains Sell On Rallies Near $186

Key Highlights ETH price found support near the $165 level and later recovered slightly against the US Dollar. There was a break above a short term bearish trend line with resistance at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could trade above $180, but it could face a strong resistance near the $186 level. Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD is likely to face a strong resistance near the $186 and $190 levels. Ethereum Price Analysis Yesterday, we…

Bitcoin Cash Price Analysis: BCH/USD Accelerating Declines Below $400

Key Points Bitcoin cash price extended losses and traded below the $400 level against the US Dollar. There are two key bearish trend lines in place with resistance at $420 and $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $360 level in the near term. Bitcoin cash price traded below the key $400 support against the US Dollar. BCH/USD could correct higher, but sellers are likely to appear near $420 or $450. Bitcoin Cash…

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests …

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017: Figure 1: BTC-USD, Daily Candles, Broken Support Bitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter. The high volume and wide candle spread does not bode well for the bulls as we are currently witnessing an excess of supply in the market. We have blown through two levels of support…

Ethereum Price Analysis: ETH/USD Sellers Back In Driver’s Seat

Key Highlights ETH price declined heavily after it broke the $200 and $190 supports against the US Dollar. There is a short term contracting triangle formed with resistance at $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides are likely to be capped near $180 or $185. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD tested the $165 level and it remains at a risk of more losses. Ethereum Price Analysis There was a nasty decline in ETH…