Tag Archives: bullish

Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been trading in for the past few months. The price now trading below its 200 day EMA and is ready to decline towards the bottom of the ascending channel. Continue reading Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Latest Cardano (ADA) chart extremely bullish

For the purposes of this article and this chart analysis, I will be utilizing the Ichimoku Kinko Hyo system. This system is one of the most tested and successful trading systems in the world. More than that, it’s a trend following system that lets the trader or analyst know when to take a trade and, more importantly, when not to take a trade. Continue reading Latest Cardano (ADA) chart extremely bullish

Dash is Making a Noticeable Spike with its Bullish Line

With the advent of Dash in the world of digital currencies, a significant uproar was noticed in the billion dollar cryptocurrency club. This altcoin is aimed to provide quicker transactions with greater security and privacy. The reason why it made a significant upsurge in the crypto world is due to the fact that it had even surpassed $1 billion market cap just when it started making bigger gains. In early 2017, a single DASH worth only $11 but, this hiked to $100 by March 2017. The sharp increase in its value is contributing to the ongoing interests among the investors and traders to splurge in this cryptocurrency for making handsome profits. Continue reading Dash is Making a Noticeable Spike with its Bullish Line

Litecoin bullish trend under threat: Reaction to double-top pattern imminent

Litecoin joined the rest of the market yesterday to record slight gains above the short-term support at $31.50. The entire market correction to the upside, however, most assets are still trading closer to their key support levels. Litecoin, for instance, brushed shoulders with $32.50 but reversed the trend towards the above-mentioned support. Continue reading Litecoin bullish trend under threat: Reaction to double-top pattern imminent