Tag: markets

Oct 26 2020

XRP on Shaky Ground After Dropping 6 Points in Latest Correction

Oct 26 2020 Published at Crypto Briefing under tags  markets trading

XRP dropped 6% over the past few hours that saw the remittance token retest a critical support level. Now, bulls must step in to avoid further losses. Sitting at a Make-or-Break Point Following September's market crash, XRP entered a consolidation phase. The stagnant price action seen in the last two months led to an ascending triangle within the daily chart. A horizontal resistance...

Massive Supply Barrier Is Keeping Cardano Prices From Breaking Out

Oct 26 2020 Published at Crypto Briefing under tags  markets trading

Greed among crypto investors has triggered a market-wide correction, liquidating more than 34,000 traders in the past 24 hours. And unfortunately for ADA holders, Cardano looks no different. Cardano Prepares for Another Leg Down...

Bitcoin Bulls to Correct Before Reaching for Higher Highs

Oct 26 2020 Published at Crypto Briefing under tags  markets trading

Investors are growing overwhelmingly bullish about Bitcoin thanks to the recent price action. However, multiple technical and on-chain metrics suggest that a brief correction is underway. Bitcoin Flashes Sell Signals at Critical Support Bitcoin ...

Ethereum Facing Large Price Move, According to On-Chain Data

Oct 26 2020 Published at Crypto Briefing under tags  markets trading

Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level. Now, on- chain analysis reveals that buyers are preparing for a second attempt. Ethereum Prepares to Break Out...

Oct 24 2020

Tezos’ XTZ Faces Uphill Battle After Massive 58% Correction

Oct 24 2020 Published at Crypto Briefing under tags  markets trading

The Tezos token, XTZ, is facing an uphill battle after falling more than 58%. Still, several technical indexes suggest that the top-20 cryptocurrency is on its way to greener pastures. The Odds Seems to Favor Tezos' Bulls When looking at Tezos' price action on its 12-hour chart, the token has been contained within...

Oct 23 2020

Band Protocol to Begin Recouping Losses From Massive 72% Downslide

Oct 23 2020 Published at Crypto Briefing under tags  markets trading

Band Protocol continues consolidating within a narrow trading range, but multiple indexes suggest that a breakout is imminent. A Buy Signal on Band Protocol's Horizon Despite the market's recent volatility, Band Protocol was one of the few assets that managed to weather the storm. The cross-chain data oracles token...

New Filecoin Proposal Could Send FIL Token into Death Spiral

Oct 23 2020 Published at Crypto Briefing under tags  markets

Filecoin recently activated an improvement proposal FIP-004, making 25% of each block reward immediately available to miners. The update addresses multiple complaints, which rose shortly after the...

Oct 22 2020

Following 60% Retracement, VeChain Screams Buy as Technicals Turn Bullish

Oct 22 2020 Published at Crypto Briefing under tags  markets trading

While Bitcoin has already made new yearly highs, VeChain prepares to catch up with the rest of the market. The supply chain management token is presenting several bullish signals across multiple time frames. VeChain Prepares a Comeback VeChain has gone through a significant corrective period...

Bitcoin Pullback on Horizon as Key Indicator Flashes Overbought

Oct 22 2020 Published at Crypto Briefing under tags  markets trading

Bitcoin surged to a 16-month trading high on Wednesday as the pioneer cryptocurrency finally broke across $13,000. Bitcoin Breaches Yearly Highs, But for How Long? The top crypto then blew past the psychological $13,000 level following the...

Oct 21 2020

Investors in Disbelief as Cardano Prepares to Break Out

Oct 21 2020 Published at Crypto Briefing under tags  markets

Cardano is going through a stagnation phase while the rest of the cryptocurrency market aims for higher highs. As investors shift their attention to pumping coins, ADA could be preparing for a breakout. Consolidating Between Massive Supply Walls Cardano has been stuck within the 200 and...

Ethereum and XRP Follow Bitcoin’s Steps After Its Breakout to New Yearly Highs

Oct 21 2020 Published at Crypto Briefing under tags  markets trading

While Bitcoin looks poised for further gains after slicing through $12,500, Ethereum and XRP are approaching crucial resistance suggesting an imminent breakout. Bitcoin Aims for New Yearly Highs Bitcoin appears to have broken out of an ascending parallel channel containing its price action since the market crash in early September. After slicing through the upper boundary of this technical formation, market participants...

Oct 20 2020

Chainlink’s Latest Downtrend Eases as Whales Buy Up Discount Tokens

Oct 20 2020 Published at Crypto Briefing under tags  markets trading

Chainlink is currently trading underneath a critical resistance barrier. Failing to move past it could be catastrophic for the decentralized oracles token while slicing through it will likely ignite FOMO among market participants. Critical Resistance Ahead of Chainlink Chainlink has been...

Bitcoin Prepares to Set New 2020 Trading High at $12,000

Oct 20 2020 Published at Crypto Briefing under tags  markets

Bitcoin has risen by more than 3% since the weekly price open as the pioneer cryptocurrency trades within touching distance of the psychological $12,000 resistance level. The surge in BTC came after Federal Reserve Chair, Jerome Powell,...

Oct 19 2020

Whales Loading Up on XRP, Aiming for $0.30

Oct 19 2020 Published at Crypto Briefing under tags  markets trading

XRP kicked off the week with a bang, with prices rising over 2% in the past day. Further buying pressure could push Ripple's cryptocurrency out of a two- month-long correction. Bullish Breakout on XRP's Horizon XRP went through a brutal correction over the past two months relative to the rest of the market. The cross-border remittances token saw its price plummet by more than...

Critical Ethereum Pullback Offers Sidelined Investors Entrypoint

Oct 19 2020 Published at Crypto Briefing under tags  markets trading

Ethereum staged a notable price pullback alongside Bitcoin last week after the largest altcoin failed to break above its critical monthly resistance at $390. ETH was primarily weighed down by negative sentiment surrounding the cryptocurrency exchange OKEx...

Oct 16 2020

Bitcoin, Ethereum, and XRP on Last Legs Before Further Losses

Oct 16 2020 Published at Crypto Briefing under tags  markets trading

More than $10 billion has been wiped out of the total cryptocurrency market capitalization after OKEx announced it would be suspending all withdrawals. The significant capital outflow saw Bitcoin, Ethereum, and XRP drop in tandem by more than 3%. Now, different technical indexes suggest that all the markets could quickly turn from bad to worse as sell pressure mounts. Bitcoin Seems to Have...

Bitcoin Bullish Momentum Cools as Stimulus Halts, OKEx Pauses Trading

Oct 16 2020 Published at Crypto Briefing under tags  markets trading

Bitcoin is facing downside pressure in the near-term, following a stalemate in U.S. stimulus talks. BTC is also struggling to get out from under the unexpected news that the cryptocurrency...

Oct 14 2020

Bitcoin Poised to Retrace as Whales Go on Selling Spree

Oct 14 2020 Published at Crypto Briefing under tags  markets trading

Bitcoin went through an impressive uptrend over the past week, pushing the price up nearly 11.5%. The pioneer cryptocurrency went from a low of $10,530 on Oct. 8 to recently trade at a high of $11,740. Now, multiple on-chain and technical indexes suggest that a correction is underway. Institutional Money Pours in While BTC Whales Dump Bitcoin's macro backdrop looks exceptional, and every...

Oct 13 2020

Significant Correction in the Works for Oracle Projects Chainlink and Band

Oct 13 2020 Published at Crypto Briefing under tags  markets trading

More than $40 billion have flooded the cryptocurrency market in the past week, allowing Chainlink and Band Protocol to post massive gains. Now, it seems like these oracle tokens have reached exhaustion, indicating losses on the horizon. Chainlink Correction Incoming Chainlink entered a significant...

Oct 12 2020

Ethereum Gets Privacy-Focused Layer-2 Scaling Solution with Aztec 2.0

Oct 12 2020 Published at Crypto Briefing under tags  ethereum markets plonk zk-snarks

Aztec has announced the launch of a new scaling solution for the Ethereum network--Aztec 2.0. The startup, which focuses on privacy solutions for Ethereum, said the new version would utilize a zk-SNARK standard called PLONK to build a two-layer system for...

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