Ethereum once again failed to initiate a serious rally towards recovery and is found plunging towards the coveted $1,000 mark/ Technical Analysis By Grizzly The Daily Chart On the weekly timeframe, there are two main ascending lines since Ethereum first started trading on Binance in 2015. The yellow line acts as both support and resistance level, and the white line acted as support before the price drops below $1,500. The 200-week moving average line (in light blue) is also… Source link

Monero Classic receives a strong long-term technical score of 99 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMC currently holds a superior long-term technical… Source link

A breakdown – likely if the price finishes below the lower end of the flag at the end of a trading date – would imply that the broader downtrend is resuming, opening the doors for a retest of the recent low of $17,601. Below that, key support is seen at the psychological level of $15,000 and the June 2019 high of $13,880. Source link

Ethereum price has resumed its downward trend as the fear and greed index plunges back to the extreme fear zone. The ETH/USD pair crashed to 1,067, which is lower than the weekend high of 1,276. Its market cap has dropped to over $127 billion. At its peak, Ethereum had a market cap of over $600 billion. Key industries are struggling Ethereum is an important part of the decentralized industry. Its smart contract technology has been used to build some of the most important components of this… Source link

Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that… Source link

Bitcoin (BTC) tumbled overnight, with the leading cryptocurrency dropping to levels as low as $19,621, according to data from CoinMarketCap. Last week was a bullish one for cryptocurrencies, as most ended up in the green territory. BTC had also managed to stay above its $20,000 support after weeks of waffling above and below this price. Bitcoin has this morning, however, shed 3.72% over the past 24 hours and is trading closely near its seven-day low of $19,341.23, indicates CoinMarketCap.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The past two consecutive trading sessions had been strongly bearish for the Litecoin price, resulting in a 10 per cent drop. However, today’s trading session is showing signs of a strong push to the upside and is already up by almost a percentage point.  Unfortunately, today’s Litecoin recovery looks short-lived when looked at from a broader perspective, where the general trend of the cryptocurrency is still aggressively bearish. For instance, in July, Litecoin is down by 9 per cent…. Source link

There are many different cryptocurrencies available, but if you’re searching for some reliable selections, think about including Monero (XMR), Stacks (STX) and Degrain (DGRN) in your portfolio. With crypto markets in decline and having seen some of the lowest prices across the board since 2017, investors are constantly looking for the next big thing. We think we have found it, a new cross-chain NFT protocol that has the potential to dethrone OpenSea. We… Source link

“BTC has never previously fallen below such marks, so it is now getting support from buyers confident in the first cryptocurrency’s long-term growth,” FxPro senior market analyst Alex Kuptsikevich said. “Another supportive factor was the rebound in financial markets, where the new half-year was met with increased buying.” Source link