bearish

XRP Reverses and Pumps By Nearly 50%

Source Node: https://beincrypto.com/xrp-reverses-and-pumps-by-nearly-50/
Time Stamp: December 18, 2020 10:27 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

While the XRP price has been decreasing since Nov. 24, it reversed its trend on Dec 16, at one point having increased by 50% in less than two days. XRP could correct towards $0.52 and is likely to resume its upward movement afterward. *Note – This article will mostly deal with the short-term movement that has been taking place over the past three days. For a longer-term analysis, please click here. Reversal Leads to Breakout XRP has been falling since Nov. 24, when it reached a high of $0.79. The

Bitcoin Stumbles on Approach to Yet Another All-Time High

Source Node: https://beincrypto.com/bitcoin-stumbles-on-approach-to-yet-another-all-time-high/
Time Stamp: December 15, 2020 4:29 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The Bitcoin (BTC) price reached a new all-time high on Dec. 1 but was not able to sustain the increase and has dropped back slightly since. However, the price movement suggests that Bitcoin will soon make yet another attempt at breaking out, though a short-term correction could occur prior.   Bitcoin All-Time High Resistance The weekly chart shows that BTC is trading very close to a long-term resistance area, created by the all-time highs near $19,600. Last week, BTC created a hanging man candlestick, which is commonly considered a bearish

Cardano (ADA) Breakout Could Mean New Yearly Highs on the Horizon

Source Node:
Time Stamp: December 14, 2020 4:04 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The Cardano (ADA) price has been rejected by a long-term resistance level at $0.17. It has not reached a long-term close above this resistance since June 2018. As long as Cardano is trading inside this bullish structure, it is expected to break out and eventually be successful in finally moving above this resistance zone.   Long-Term Cardano Levels The ADA price has been increasing since March. It moved above the $0.095 resistance area in June, reaching a high of $0.171 before dropping in order to validate the $0.095 area as

Uncomfortable Truths of Trading And What to Watch Out For

Source Node: https://beincrypto.com/uncomfortable-truths-of-trading-and-what-to-watch-out-for/
Time Stamp: December 5, 2020 4:17 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

There are some uncomfortable truths about trading crypto, which many people refuse to acknowledge. For instance, everybody — no matter how they play the market — is part of an emotional scheme. That means you, too. Thierry Gilgen, CEO of MachinaTrader, takes a deeper look into how social media channels dominate information about cryptocurrencies. The market is not purely mathematics. Raw human emotions play a big role, and that includes you potentially getting played. It is easy to be carried away while trading and make an emotional-based decision that results

COTI Struggles to Sustain Highs After Move Above Resistance

Source Node: https://beincrypto.com/coti-struggles-to-sustain-highs/
Time Stamp: December 4, 2020 1:30 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

COTI (COTI) has been increasing alongside an ascending support line since it reached a bottom on Nov. 3. Nevertheless, COTI is expected to break down from this line and drop towards the support levels outlined below.   COTI Increases Alongside Support The COTI price has been moving upwards since Nov. 3, when it reached a low of $0.025. Since then, COTI has been following an ascending support line, validating it numerous times in the process. While COTI broke out above the $0.04 resistance area and validated it as support afterward,

Cryptocurrency News Roundup for August 18, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-18-2020/
Time Stamp: August 18, 2020 4:45 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Since the start of 2020, the net worth of assets locked in DeFi smart contracts have increased nearly 10x from $680 million to more than $6 billion. BeInCrypto covered it in-depth here, in case you missed it earlier. To bank in on that phenomenal growth and encourage greater cooperation among industry stakeholders, Huobi DeFi Lab has launched a new initiative called the Global DeFi Alliance. Several major players in the DeFi space have already joined the initiative to create a united front and pave the way for mainstream adoption in

Litecoin is Flashing a Bearish Breakdown Pattern as Analysts Eye Downside

Source Node: https://bitcoinist.com/litecoin-is-flashing-a-bearish-breakdown-pattern-as-analysts-eye-downside/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-is-flashing-a-bearish-breakdown-pattern-as-analysts-eye-downside
Time Stamp: August 18, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Litecoin has been flashing mixed price action in recent weeks, with its slow uptrend showing some signs of faltering Its momentum began stalling yesterday when it reached for highs of nearly $70 This seems to shine a light on some underlying weakness, potentially also signaling that further downside is imminent Analysts are noting that this weakness may lead it significantly lower in the near-term One trader is pointing to a breakdown pattern that LTC has formed against its BTC trading pair as another reason why downside is imminent Despite climbing

Binance Coin (BNB) Struggles to Sustain Higher Prices After Breakout

Source Node: https://beincrypto.com/binance-coin-bnb-struggles-to-sustain-higher-prices-after-breakout/
Time Stamp: August 18, 2020 11:25 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Binance Coin (BNB) has broken out from an important resistance level and validated it as support afterward. Some technical indicators, however, suggest that a bearish reversal could transpire soon. BNB Makes a Double-Top The BNB price has been gradually increasing since March 13. The rally stalled near the end of July when the price reached the $21.50 area and was rejected. On Aug × BeInCrypto Premium - Register for FREE now. Want to know more? Join our Telegram Group and get trading signals, a free trading course and daily communication

Altcoins Set to Underperform? Bitcoin Dominance Prints Reversal Signal

Source Node: https://bitcoinist.com/altcoins-underperform-bitcoin-dominance-reversal-signal/?utm_source=rss&utm_medium=rss&utm_campaign=altcoins-underperform-bitcoin-dominance-reversal-signal
Time Stamp: August 17, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

While Bitcoin has performed well in recent weeks, some altcoins have done even better. Take the example of Chainlink (LINK), which has almost doubled in the past month. With many altcoins outpacing BTC, the Bitcoin dominance metric has plunged. Bitcoin dominance is the percentage of the crypto market made up of BTC. Despite the drop, an indicator predicts a bearish reversal for altcoins. Bitcoin continuing to undergo volatility could further suppress the bullish altcoin narrative. Analysts are currently expecting more BTC volatility in the days ahead, citing indicators like the

Cryptocurrency News Roundup for August 17, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-17-2020/
Time Stamp: August 17, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto. According to new data from cryptocurrency analytics firm, IntoTheBlock, nearly 95% of all Chainlink (LINK) and 94% of all VeChain (VET) addresses are currently in profit. In fact, barring a few exceptions such as Litecoin (LTC), most of the major wallet-bound altcoins are earning sizeable profits for their holders. More on that and other

A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

Source Node: https://bitcoinist.com/massive-bitcoin-price-move-imminent-again/?utm_source=rss&utm_medium=rss&utm_campaign=massive-bitcoin-price-move-imminent-again
Time Stamp: August 16, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators

Blockchain Phones and Bitcoin Watches: Revisiting the Crypto Tech Hype

Source Node: https://cointelegraph.com/news/blockchain-phones-and-bitcoin-watches-revisiting-the-crypto-tech-hype
Time Stamp: August 16, 2020 2:00 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space? The surge of interest in the space came to a head in 2017 as Bitcoin (BTC) hit never-before-seen highs of around $20,000 before crashing dramatically and entering the bearish crypto winter. While the collapse left devastation in its wake, the months of focus brought Bitcoin, cryptocurrency and blockchain technology into the mainstream consciousness