#downside move

Ethereum Price Analysis: ETH/USD Could Decline to $180

Key Highlights

ETH price is under a lot of pressure after it broke the $210 support against the US Dollar.

There was a break below a major contracting triangle with support at $210 on the hourly chart of ETH/USD (data feed via Kraken).

The pair is under a lot of pressure and it could continue to decline towards the $180 level.

Ethereum price declined recently against the US Dollar and bitcoin.…

Ripple Price Analysis: XRP/USD Correcting Lower Towards $0.3200 Support

Key Highlights

Ripple price is slowly declining and it is currently trading below the $0.3400 support against the US dollar.

There is a key declining channel in place with resistance at $0.3360 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair may perhaps continue to correct lower and it could test the $0.3200 support.

Ripple price is slightly under pressure against the…

Bitcoin Price Watch: BTC/USD Near Crucial Juncture

Key Points

Bitcoin price declined further and broke the $6,680 and $6,600 support levels against the US Dollar.

Yesterday’s highlighted connecting bearish trend line is intact with resistance at $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair must stay above the $6,550 support zone to avoid more declines in the near term.

Bitcoin price extended losses below the…

Cardano Price Analysis: ADA/USD Could Extend Declines

Key Highlights

ADA price is trading below the $0.1500 support and is currently in a bearish zone against the US Dollar (tethered).

There is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

The pair may continue to move down towards the $0.1400 and $0.1380 support levels in the near term.

Cardano price is under pressure…

Cardano Price Analysis: ADA/USD Is In Downtrend

Key Highlights

ADA price started a fresh downside move from the $0.1750 swing high against the US Dollar (tethered).

There is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

The pair may perhaps continue to move down towards the $0.1550 and $0.1505 support levels.

Cardano price failed to move higher and declined…