Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar. The price formed a strong support near the $136 level before climbing above $138. This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142. Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH could continue to move higher towards the…

Bitcoin (BTC) Price Weekly Analysis: Can Buyers Keep The Rally Going?

Bitcoin price rallied recently after it broke the key $3,900 resistance area against the US Dollar. The price surged higher and broke the $3,950 and $4,000 hurdles to set the pace for more gains. There is a major connecting bullish trend line formed with support at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it is likely to find support near $3,920 or $3,900. Bitcoin price climbed sharply into a bullish zone above $3,900 against the US Dollar.…

Ethereum Price Weekly Analysis: ETH Primed For Further Gains

ETH price broke a major resistance area near $133-134 to climb higher against the US Dollar. The price settled above the key $134 resistance to move into a positive zone. There was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it is likely to find a strong buying interest near $134. Ethereum price is trading with a bullish bias versus the US Dollar and Bitcoin. ETH/USD climbed towards $144 and…

Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support: Figure 1: BTC-USD, 2-Hour Candles, Low TF Support The zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. Late last night, we saw another test of this support level has failed to break it thus far. On a macro…

Bitcoin (BTC) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…

Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout

ETH price continues to face a strong resistance just below the $140 level against the US Dollar. The price dipped sharply recently, but it recovered above the $134 support level. There is a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains supported on dips and it could still break the $140 resistance area in the near term. Ethereum price is facing many hurdles versus the US Dollar and Bitcoin. ETH/USD’s recent decline was brought back and…

Weekly MACD Histogram Most Bullish It’s Been Since Bitcoin Price Was Over $13K

The moving average convergence divergence (MACD) is a lagging indicator many analysts use to track longer-term trend changes in assets across a variety of markets. In Bitcoin, the histogram of this key indicator had been bearish throughout most of 2018 and into 2019, and only recently just rose into bullish territory during last week’s rally where Bitcoin price topped out at $4,200. Although the rally has run out of steam and since retraced, bullish momentum may not be gone completely, as the weekly MACD histogram has now reached its highest…

Ripple Price Analysis: XRP Targets Fresh Weekly Lows Before Upside

Ripple price failed to gain momentum above the $0.3150 resistance and declined against the US dollar. The price is now trading well below the $0.3140 resistance and the 100 hourly simple moving average. There is a crucial contracting triangle in place with resistance near the $0.3095 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip sharply towards the $0.3020 support before it attempts a solid recovery. Ripple price trading with a bearish angle against the US Dollar and bitcoin. XRP/USD remains at…

Ripple Price Weekly Analysis: XRP Likely Preparing For Next Upside Break

Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar. The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200. There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dip to test the $0.3050 support area before it could break to the upside above $0.3150. Ripple price seems to be preparing for the next bullish break against the US Dollar and bitcoin. XRP/USD could rally once…

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could slowly move higher as long as it is above the $3,760 and $3,720 supports. Bitcoin price started consolidating losses below $3,860 against the US Dollar. BTC/USD could rise again as long…