Discover Top Posts Tagged with #short term correction

Bitcoin Price Watch: BTC Broke Key Support, Could Test $6,275

Key Points

Bitcoin price failed to hold the key support at $6,590 and declined below $6,500 against the US Dollar.

There was a break below a bearish pattern with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair is under pressure and it seems like it could continue to move down towards the $6,380 and $6,275 levels.

Bitcoin price failed to hold the $6,600…

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Ethereum Price Analysis: ETH/USD’s Failure Near $300 Explained

Key Highlights

ETH price traded higher, but it failed to hold gains above $300 against the US Dollar.

There is a major bearish trend line capping gains with current resistance at $299 on the hourly chart of ETH/USD (data feed via Kraken).

The pair may dip a few points and it could test the $273 and $271 support levels.

Ethereum price failed to hold gains against the US Dollar and bitcoin. ETH/USD…

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Cardano Price Analysis: ADA/USD Sellers Remain in Control Below $0.12

Key Highlights

ADA price extended declines and traded to a new monthly low at $0.1070 against the US Dollar (tethered).

There is a crucial bearish trend line formed with resistance near $0.1170 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

The pair could drop further if buyers fail to push the price above $0.1170 and $0.1200.

Cardano price is facing an uphill task against the…

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Ethereum Price Analysis: ETH/USD Eyes More Upsides

Key Highlights

ETH price gained momentum and cleared the $455-458 resistance zone against the US Dollar.

Yesterday’s highlighted important contracting triangle was breached with resistance at $454 on the hourly chart of ETH/USD (data feed via Kraken).

The pair is now placed nicely above the $458 resistance and is currently eyeing more gains.

Ethereum price is trading with a positive bias against…

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