Bitcoin Price Intraday Analysis: BTC/USD Wedge Support Broken

Bitcoin price on Monday depreciated against the US Dollar after consolidating sideways for the whole Asian and European sessions. The BTC/USD at the beginning of the US trading hours formed lower lows towards 6239-fiat. Before that, the pair was trading sideways owing to minimal momentum. It kickstarted the Asian session with just shy of 6500-fiat and recorded marginal gains as the day matured. BTC/USD started retracing below 6500-fiat during the early European session, displaying weak pullbacks from the said psychological level. And, right around the time of this writing, and…

IRIS Network ICO Review And Token Analysis

IRIS Network ICO Overview The IRIS Network ICO and IRIS token sale are raising funds toward an inter-chain service infrastructure and protocol. IRIS Network lays the groundwork for a network of distributed ledgers capable of integrating disparate business services, including public and proprietary chains in addition to enterprise legacy systems. IRIS Network is itself an instance of Cosmos, and will expand the interoperable ecosystem as a regional hub. IRIS Network ICO Value Proposition The IRIS network aims to deploy the same topology as Cosmos while adding a set of complementary…

Bitcoin Price Intraday Analysis: BTC/USD on Sideways Trend

Bitcoin price on Friday made no significant corrections from its intraday low near $6,302. The BTC/USD over the course of past 24 hours has done a raise-and-erase act, signaling a sideways sentiment. At the beginning of the Asian session, the pair had noted a weak bull correction attempt, so that it established an intraday high around 6540-fiat. The bulls got cold feet around 6500-area and sellers started exiting their long positions – perhaps on small intraday gains – to push Bitcoin back towards the previous low. That was the European…

Hypernet ICO Review and HYPR Token Analysis

Hypernet ICO Overview The Hypernet ICO and HYPR token sale are raising funds for a decentralized, distributed parallel computing network. Hypernet harnesses the idle computing resources of network participants to meet demand for processing power through a novel programming model and marketplace. The core infrastructure includes a blockchain-based task scheduler and Distributed Average Consensus (DAC) API suite, designed to break the constraints posed by device availability and bandwidth fluctuation that limit the potential of other approaches to distributed computing. Hypernet ICO Value Proposition Most distributed computing systems require raw data…

Bitcoin Price Weekly Analysis: BTC/USD Poised To Test $7,000

Key Points Bitcoin price gained traction recently and moved above the $6,550 resistance against the US Dollar. There is a crucial bullish trend line in place with support at $6,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair might dip a few points, but it remains supported above the $6,650 and $6,550 levels. Bitcoin price is positioned nicely in a bullish zone above $6,550 against the US Dollar. BTC/USD is likely to trade towards the $6,900 and $7,000 levels in the near term. Bitcoin…

Bitcoin Cash Price Weekly Analysis: BCH/USD Reaching Crucial Juncture

Key Points Bitcoin cash price failed to gain momentum above the $540 level and declined against the US Dollar. There is a major bearish trend line formed with resistance near $535 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $500 and $510 support levels to avoid a downside break in the near term. Bitcoin cash price is showing a few bearish signs below $540 against the US Dollar. BCH/USD could make the next break either above $540 or below $500.…

Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues

  Key Highlights   ETH price attempted a recovery above the $275.00 stage, but it did not gain traction towards the us dollar. there is a first-rate bearish fashion line formed with resistance at $280 at the 4-hours chart of ETH/USD (statistics feed through Kraken). The pair need to boost up above the $282 and $285 ranges to recover further inside the near time period. Ethereum rate is suffering to gain traction as opposed to the us greenback and Bitcoin. ETH/USD could climb higher if buyers gain manipulate above the…

Litecoin (LTC) Technical Analysis: Litecoin Mass Adoption a Priority, Not Price

Superseding everything else is mass adoption and that is what Litecoin figure heads and Foundation is pushing for. Currently price isn’t center stage, coin demand is and for obvious reasons: the later precedes value. While we might see short term recoveries edging prices towards $70, our break out levels, news of adoption break through or announcement of strategic partnerships aside from CoinBase efforts might ignite a wave of loss reversals with first targets at $110, the upper limit of our former trade range. From the News Whether Litecoin is undervalued…

EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis

Though gains are around three percent week over week, altcoins are clearly rejecting lower lows and recovering. Thus far, there are reasonable gains in Litecoin, EOS and Stellar Lumens. If Stellar Lumens shake off sellers and bulls drive prices above 26 cents, chances are another flip may happen with EOS dropping down to position six in the liquidity table. Before that happens, we suggest short term buys in IOTA, Tron and Litecoin with stops at immediate support lines. Let’s have a look at these charts: EOS Technical Analysis From the…

Ripple Price Analysis: XRP/USD Could Gain Traction Above $0.3300

Key Highlights Ripple price remained supported above $0.3120 and $0.3150 level and moved higher against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to move above $0.3300 to gain traction in the near term towards $0.3380. Ripple price is placed nicely in a positive zone against the US Dollar and Bitcoin. XRP/USD may perhaps break the $0.3300 to move towards $0.3450. Ripple Price Trend There was…