Our conviction is for cryptocurrencies to consolidate before extending their move higher as proposed for Bitcoin, Ethereum and Ripple in this blog post Although Ripple may have bottomed out and resumed its long term uptrend it is presently well contained within an horizontal trading range. Under such conditions and considering the corrective risk we would […]
Cryptocurrencies should now correct their sharp May Upsurge
Summary In the present blog post we explore the technical price configuration of the three major cryptocurrencies in terms of capitalization. All three virtual currencies have surged in June are find themselves now in the middle of a vacuum between support and resistance. Although it cannot be ruled out for the May bull trend to […]
Ripple, a Major Volatility Event
In a previous post “Ripple, This Time Is Really Different” from September 2018 we highlighted that the XRP/USD breakout was uncommon from a technical view point and suggested that: Bullish case will remain valid as long as the price does not close below the recent tweezers bottom at $0.246 (even if it spikes temporarily […]
Ripple/Bitcoin price ratio at a very critical juncture
Ripple has significantly under-performed Bitcoin but now the price ratio sits on a major long term support on the weekly price chart (Source: Kraken). Breaking below it should initiate a massive sell-off but considering that the role of a support is to hold and given the RSI oversold condition it should not be surprising for […]
Ripple, This Time Is Really Different
Ethereum turned decisively bearish with much room to go to the downsid...
With The Start Of A New Month The Sky Is Falling Down On Cryptocurrenc...
By the start of the month of July the fast 7-period monthly average is turning down and now hard pressing on the price of major cryptocurrencies, which may cause significant damage in the coming few months to complete our Bitcoin bubble popping scenario. The following price charts show that despite a lot of room separating […]
Despite Short Term Oversold Condition Cardano ( Symbol: ADA ) Could Sl...
ADAUSD Weekly Price Chart Technically Cardano (calculated as ADAUSD) is a loosing investment proposition from its inception. The long upper spikes end of 2017 and early 2018 signal massive selling power. The subsequent recovery failed against the moving average in April this year and the pair is now capped by the declining 7-period moving average […]
Like Other Cryptocurrencies Ripple Came Short Of Its Corrective Target...
Cryptocurrencies Short Term Bounce: What Are The Price Targets?
Cryptocurrencies Bouncing As posted two days ago in Monthly Bitcoin Price Bubble Popping: Wake Me Up When 2018 Ends! we proposed: Short term the Bitcoin price seems oversold and may soon develop a relief rally that traders may want to exploit but that is possibly a premature decision for long term investment. Just today cryptocurrencies confirm […]
