BTC/USD Bitcoin has broken down of the 50-day SMA and is on its way to the critical support level of $6,000.
If the support breaks, the digital currency will weaken and can quickly fall to the next support at $5,450 and below that to $5,000.
Ethereum broke below $404.99 on August 7 and plunged close to the next support at $358. If the bears force a break below the support zone of $350 - $358, the ETH/USD pair can decline to the next support at $280. If the support holds, the bulls will face a stiff resistance at $404.99 and the 20-day EMA. We shall wait for a new buy setup to form before suggesting a trade on it.
Below $0.32, the next major support on the XRP/USD pair is way below at $0.24001, a level last seen on December 12, 2017.
The previous support of $0.4242 will now act as a resistance on any pullback.
BCH/USD After breaking below the $619.751 line, Bitcoin Cash is on target to test the next support at $537.8221.
LTC/USD Litecoin closed below the support of $74.074 on August 6 and continued with a sharp drop on the next day.
ADA/USD The bulls are attempting to provide some support close to the June 29 low of $0.111843, but if Cardano fails to scale above $0.13 quickly, a steeper fall is likely.
XLM/USD The 50-day SMA has failed to provide support and Stellar has resumed its correction to the next support at $0.184.
TRX/USD Tron has broken below the support of $0.0281344 and is now heading towards the next critical support of $0.022806.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 08
에 게시 됨 Aug 8, 2018
by Cointele | 에 게시 됨 Coinage
Coinage
최근 뉴스
모두보기
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.