Bitcoin (BTC/USD) continued to struggle with the 50-bar MA (4-hourly) during the past 24 hours and was generally thwarted around the 5105 – 5100 area, barely eclipsing the indicator to briefly trade as high as the 5118.56 area. Traders were probing technical Resistance up to 5125.85 during the move higher, representing the 38.2% retracement of the 5488.00 – 4901.99 range. On the downside, the pair bounced higher from the 5002.39 area during yesterday’s session, right around the 23.6% retracement of the 5345.00 – 4778.00 range. Continue reading Sally Ho’s Technical Analysis 13 April 2019
Tag Archives: analysis
Ripple (XRP) Price Analysis
Ripple price failed to surpass the $0.3700 resistance area against the US dollar. XRP is currently testing a crucial support near $0.3500, below which there could be a corrective decrease. Continue reading Ripple (XRP) Price Analysis
Cardano Analysis- the Decentralized Blockchain and Cryptocurrency Project With a Difference
The open source, decentralized blockchain and crypto project called Cardano is here to make a difference. But what sets it apart from the current crypto competitors? Comparing it with the other cryptocurrencies, it is surely a step forward in terms of innovative advancements. The completion between Cardano and Ethereum ETH is not that stiff. On the one hand, Cardano is on its way, but in case ETH was to make the required amendments and advancements shortly before Cardano, there are high chances for ETH to hold strong grounds in the crypto market as a dApp, i.e., decentralized application. Continue reading Cardano Analysis- the Decentralized Blockchain and Cryptocurrency Project With a Difference
Cryptocurrency Hardware Wallet Market Demand and Inventory Analysis
Cryptocurrency is one of the recent topic, and is currency of the future. It is extensively increasing with new technologies and advanced security. The terms Bitcoin, Hardware wallet, Ripple, Ethereum are all related with the cryptocurrency. A cryptocurrency hardware wallet is a physical device and is used to store private keys in a protected area inside the device. These wallets allows the traders to store the keys safely and also protects the information from malware. Ledger Nano S is one of the most popular cryptocurrency hardware wallet, which stores the private keys in a secure manner and transactions are successfully done inside the device. Ledger Nano S supports Litecoin, Bitcoin, Ethereum, Zcash, Ripple, Dash and many other altcoins. Continue reading Cryptocurrency Hardware Wallet Market Demand and Inventory Analysis
Hashrate Analysis Reveals ASICs Account for 85% of Monero Mining
The discovery was reportedly made after analyzing Monero’s nonce distribution before and after the past few ASIC mitigation hard forks. The individual pointed out that the network’s total hash rate dropped considerably right after Monero’s developers introduced measures to prohibit the use of ASIC hardware. Continue reading Hashrate Analysis Reveals ASICs Account for 85% of Monero Mining