MONERO (XMR) Price Analysis (May 16)

Key Highlights

• XMR/USD market operations yet feature around $70 and $60 range zones.
• Bulls have moved the crypto-trade in a rallying mote above a March 12 main price decline-level.
• The bulls pushing with a low-weight currently may end trading in an upper range zone not far from a $70 mark afterward.

Monero (XMR) Price Analysis

• Major supply zones: $80, $90, $100
• Major demand zones: $50, $40, $30

In the persistent range trading moves, the USD slightly prevailed over the valuation of Monero on May 10 as price closely averaged a demand zone at $50 line. On May 12, the crypto struggled to swing up its position against the US dollar to eventually touch a high point at $70 on March 14. Now, XMR/USD pair’s price hovers between the $70 and $60 points.

Notably, the bulls have moved the crypto-trade in a rallying mote above the main price decline that emerged on March 12. But as at present, it seems there is a tough-line around the $70 mark. As a result of that, the market’s value still has to rebuild more energy below the line to, later on, have a decent stride.

Monero (XMR) Technical Indicators Reading

There has been a set-up of small Japanese trading candlesticks around the trend-line of the 14-day SMA trading indicator around $70 and $60 price zones. The 50-day SMA trend-line is underneath the smaller SMA closer below the $60 line. All of those indicate that XMR/USD market currently trades in a range-bound manner. The Stochastic Oscillators have placed between ranges 40 and 60. But, they now appear attempting to close the hairs around the range 60. And, that may either signal a continuation of range moves or the possibility of witnessing a return of lowering market positions afterward.

Conclusion

XMR/USD bulls may have to take more time, mustering up muscles below a key supply zone at $70 for a better upsurge in the market. However, if the bulls should continue with the current low-weight moves, they may only succeed at moving the crypto’s value to a bit higher range trading line from the $70 mark.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Binance Coin (BNB) Price Analysis (May 16)

Key Highlights

• BNB/USD market recorded some small drops below a long-range trading zone of $16 mark.
• More price fall-offs either in small or notable sizes than been seeing ups as the case may be, still expected.
• The bulls may not sustain breaking-out of a $16 range trading line in the near time.

Binance Coin (BNB) Price Analysis

• Major supply zones: $20, $24, $28
• Major demand zones: $12, $8, $4

On May 10 and 11, BNB/USD market recorded some small drops below a long-range trading zone of $16 mark. Towards the end of the May 11th sessions, the crypto’s price strived to swing upward to no trade tightly around the range point until the present.

The $16 range trading line yet looks to remain the critical zone that bulls and bears will have to push around since there has been no clear volatile-move signal occurring in near trading time. Besides, there seem to be more price fall-offs either in small or notable sizes than been seeing ups as the case may be.

Binance Coin (BNB) Technical Indicators Reading

Currently, the 14-day SMA trading indicator has been tempting to make a cross over the 50-day SMA trend-line. And, they are both closely around a $16 range trading point. A formation of small-sized candlesticks continues to feature around the range area to depict that choppy price moves are in progress in the BNB/USD market operations. The Stochastic Oscillators are now around range 40, trying to close the hairs from the top. That may eventually suggest the possibility of seeing more lows in the market.

Conclusion

BNB/USD market bulls have used-up so much energy in making corrections against the trade-value point achieved on March 12 by bears when price pushed briefly past a low of $8 mark. And, yet, the bulls appear not having the capacity to sustain breaking out of a $16 range trading line they have faced over a couple of weeks.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Bitcoin SV (BSV) Price Analysis (May 10)

Key Highlights

• BSV/USD market has a bit gone below a range trading line at $200 mark today
• Bears may put more effort into lowering BSV/USD pair towards a major accumulation territory of $120
• Traders should as well be wary of not getting whipsawed by a false downward price action.

Bitcoin SV (BSV) Price Analysis

• Major distribution territories: $240, $280, $320
• Major accumulation territories: $120, $80, $40

The US dollar has been able to exert pressure on Bitcoin SV’s market worth after a line of range trading situations around $200 territory. The crypto may continue to be under falling forces as the fiat currency remains to gain strength in the market.

Bears will move the trade towards a smaller value around $160 mark if the current downward pressure isn’t reversed quickly. Expectantly, the bearish pressures may have to drop to locate an accumulation territory closer towards a low point at $120.

Bitcoin SV (BSV) Technical Indicators Reading

A bearish candlestick has appeared to break the SMA trend-lines downward to an extent. The 14-day SMA trading indicator is over the 50-day SMA trend-line. And, they still near a range trading line at $200 point. A selling force signal now appears to take a gradual form in this crypto trade. The Stochastic Oscillators have slantingly positioned between ranges of 60 and 40. And, they have now slightly crossed the hairs at the smaller range to possibly suggest a return of downward price moves in the marketing operations of BSV/USD.

Conclusion

As at present, it has once again established that the BSV/USD bulls will still suffer some losses below a high value of $240 distribution point. Meanwhile, an interception of the bigger SMA technical indicator by the smaller SMA trading indicator from the top will be a sell-signal confirming to see a sharp price drop in the crypto-fiat pair. However, traders need to be wary of bears’ possible trap as there may as well be another round of price rallies in the downward moves process.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Bitcoin Cash (BCH) Price Analysis (May 10)

Key Highlights

• BCH/USD market has seen a decline below its lower range trading territory at $240 mark today.
• BCH/USD bulls tend to succumb to the bears’ pressure since they have kept losing out momentum at a higher point of $280 mark.
• A further downward push from the $200 will allow the bulls to find a sit around a lower point at $160 value.

Bitcoin Cash (BCH) Price Analysis

• Major distribution territories: $320, $360, $400
• Major accumulation territories: $200, $160, $120

BCH/USD pair has again suffered a decline in valuation as it has briefly broken down a bit below a lower range line at $240 point today. Equally, there is a sign of a reversal in the downward moves of the market. Price now trades around the lower range line.

At this point, selling forces are gaining clarity of pressing the crypto’s value lower away from the $240 lower range trading area. The BCH/USD bulls tend to succumb to the bears’ pressure since they have kept losing out momentum at a higher point of $280 mark.

Bitcoin Cash (BCH) Technical Indicators Reading

There has been a bearish-candlestick forming to engulf some of the lower high-candlesticks formed in range trading territories of $280 and $240.The 50-day SMA trend-line is underneath the 14-day SMA trading indicator. And, they have both been crossed downward by the emergence of the bearish candlestick to the south. The Stochastic Oscillators have earlier crossed at range 40. And, they now attempt cross-back the hairs a bit over the range to possibly point towards the south. That could suggest a return of downward pressures in the BCH/USD trade activities.

Conclusion

At some points recently, Bitcoin Cash’s price encountered a line of rejections around a high point of $280. And, as a result, the BCH/USD bears have continued to take that advantage to lower the crypto’s worth averagely towards an accumulation territory at $200 mark. A further downward push from the $200 will allow the bulls to find a sit around a lower point at $160 value.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (May 4)

Key Highlights

• There have been significant ups and downs in a range style around $0.22 XRP/USD price level.
• XRP/USD bears’ energy appears weak to push down the market.
• A sudden dip into the major support levels down to $0.16 will be another best time to invest.

Ripple (XRP) Price Analysis

• Major resistance levels: $0.24, $0.26, $0.28
• Major support levels: $0.20, $0.18, $0.16

There have been significant ups and downs in a range moving formation around $0.22 price level over a couple of trading day’s sessions. The US dollar a bit prevailed over the crypto’s weight earlier on in today’s sessions as price had averaged slightly past a low market level between the $0.22 and a support level at $0.20 point.

Despite some corrections since price hit a resistance at $0.24 mark on April 30th bears have not been able to gain a better advantage of the crypto-trade. The bulls appear to be build energy from a price support level around $0.20.

Ripple (XRP) Technical Indicators Reading

The 50-day SMA trading indicator and the Lower Bollinger Band’s trend-line are tightly seen together between the $0.22 and $ 0.20 lines. And, they point to the east to indicate the presence of some range price moves of the market currently. The other Bollinger Bands also point to the same direction in support. The stochastic Oscillators have moved downward from range 80 to 20. And, they now briefly attempt to cross the hairs to point to the north. That signals the possibility of seeing a line of ups returning in the crypto-economy soon.

Conclusion

The overall verdict as regards XRP/USD market operations is that it would be more ideally safe to be on the lookout for bearish reversal moves before launching long positions, especially during the present range trading position of this market. A sudden dip into the major support levels down to $0.16 will be another best time to invest.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Bitcoin Cash (BCH) Price Analysis (May 3)

Key Highlights

• BCH/USD continues to see a series of lower highs in its market valuation.
• There is a likelihood that a notable move will soon experience past an upper range line at $280.
• A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations.

Bitcoin Cash (BCH) Price Analysis

  • Major distribution territories: $320, $360, $400
  • Major accumulation territories: $200, $160, $120

There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values.

The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned.

Bitcoin Cash (BCH) Technical Indicators Reading

The two SMA trend-lines separated by a small space. The 14-day SMA trading indicator is placed over the 50-day SMA indicator. And, they are all a bit below the market trading line pointing slightly to the north-east direction. That signifies an ongoing small buying spree in the market. The Stochastic oscillators have positioned between ranges of 80 and 60. And, they have now briefly crossed the hairs towards the north in the lower range region. That signals the possibility of seeing an upswing move in the near time.

Conclusion

A key determinant uprising line has been seen at an upper range of $280 price territory. Therefore, the buyers have to put more effort to ensure a steady breakout of the point in order to have a good bullish outlook of the BCH/USD market. In the meantime, a cross-back of the bigger SMA trend-line by the smaller SMA at a lower range of $240 mark will see price pushes towards a low value at $160.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Bitcoin SV (BSV) Price Analysis (May 3)

Key Highlights

  • BSV/USD market has struggled to reach a high point around $240 in a range-bound formation.
  • There hasn’t been a clear sign to suggest a change in the current trading cycle.
  • BSV/USD market is bound to enter another upper range territory above $240 mark in the next trading sessions.

Bitcoin SV (BSV) Price Analysis

• Major distribution territories: $280, $320, $360
• Major accumulation territories: $160, $120, $80

After some several attempts made previously, BSV/USD market line struggled to reach a high point around $240 on April 30 in a range-bound moving outlook. The crypto-fiat pair has recorded different smaller ups since it started a recovery move many weeks back until the present. The market value now continues to trade in a range moving style a bit over $200 territory.

Between April 8 and until now, the BSV/USD market has been ranging around the $200 point. And, yet, there hasn’t been a clear sign to suggest a change in the current trading cycle. However, the bulls continue to slowly build on through the recovery moves at the expense of the bears’ slight weaknesses in the crypto-trade.

Bitcoin SV (BSV) Technical Indicators Reading

The 14-day SMA trading indicator is at $200 price territory above the 50-day SMA trend-line. And, they are both a bit bent towards the north-east direction below the current market trading point. The trading Japanese candlesticks featured are shorty in sizes. All those indicate that serious range price movements are ongoing. The Stochastic Oscillators are now around ranges of 60 and 40. But, they are making efforts to cross the hairs to the north near below range 60.

Conclusion

Indications still have it that the bulls are most likely to have the market advantage even in its current ranging outlook. Meanwhile, the range formation appears not to take a different shape in the near time. In other words, the range price trend is bound to enter other upper range territories in the next trading sessions.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

MONERO (XMR) Price Analysis (May 2)

Key Highlights

• XMR/USD market has been trading in a range formation around $60 and $70 price zones.
• A forceful rejection at a $70 mark may result in a drastic downturn of the crypto-trade.
• The bulls need to sustainably break northward past a $70 to solidify a bullish trend of XMR/USD trade.

Monero (XMR) Price Analysis

• Major supply zones: $80, $90, $100
• Major demand zones: $50, $40, $30

XMR/USD market values have been trading in a range formation around $60 and $70 price zones over a couple of days. Lately, the crypto-fiat pair traded below the $60 mark by featuring significant series of smaller ups than lows.

Noticeably, the crypto has made some attempts to break northward past a high value at the $70 mark but, it has not succeeded. And, now, price continues to move closer to the lower range zone. A downward breach of the lower range line will cause a drastic downturn in the crypto-economy.

Monero (XMR) Technical Indicators Reading

The 50-day SMA indicator is at a $50 major demand zone below the 14-day SMA trading indicator. Various small trading Japanese candlesticks are formed a bit above the trend-line of the smaller SMA indicator to signify an ongoing range price movement in XMR/USD market. The Stochastic Oscillators have over the time been moving around ranges of 80 and 60 in a consolidation mote to align with the range reading of the SMA indicators.

Conclusion

XMR/USD market will be pervaded by smaller ups in the next trading sessions. However, a breakout coupled with a quick retracement at a rejection point at $70 mark, may cause a selling pressure to the tune of a lower value of $40. Meanwhile, if the bulls eventually succeed in keeping above the $70 line, a higher price value than $80 will be achieved.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (May 1)

Key Highlights

  •  XRP/USD market still sees a continual process of price retracements.
  •  The US dollar is now a bit pressing harder against the crypto under a high value of $0.24.
  •  Traders should be cautious of keeping too long on shorting positions of this trade.

Ripple (XRP) Price Analysis

• Major distribution territories: $0.26, $0.28, $0.30
• Major accumulation territories: $0.20, $0.18, $0.16

There is still a continual process of price retracements in the valuation of XRP/USD market. The base-instrument had once prevailed over the worth-value of its counter currency during the yesterday’s day trading operations while a high mark at $0.24 was touched.

The buyers have to put all strength together from around a low price value at $0.22 territory. Meanwhile, a breakdown at a $0.20 accumulation territory may result in revisiting a lower point at $0.18.

Ripple Technical Indicators Reading

The 50-day SMA indicator with the Middle and Lower Bollinger Bands are bent pointing towards the north. The Upper Bollinger Band has a curved towards the south-east direction above the current market line. That suggests that the bears are slightly putting the crypto-trade under a small pressure. The Stochastic Oscillators are within ranges 0f 40 and 20. And, they now briefly point to the south-east direction. That signifies the possibility of seeing a line of choppy price movements in a near trading session.

Conclusion

$0.20 price territory, has now come to serve as the key point that its breaking down will cause serious sell-offs. Nevertheless, there’ll still be a need to be cautious of keeping long on short-trading positions at a downward break of the market line mentioned earlier.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (April 28)

Key Highlights

  • XRP’s market has pushed northbound slightly away from a $0.20 mark lately today.
  • The bears may force XRP/USD market into another round of range price moves.
  • Indecision trading positions may feature to play along in the presumed range moves of XRP/USD market operations.

Ripple (XRP) Price Analysis

• Major distribution territories: $0.22, $0.24, $0.26
• Major accumulation territories: $0.18, $0.16, $0.14

XRP’s market has able to push northbound slightly away from a long-range trading territory of $0.20 mark lately today. As at the time of writing, the pair fluctuates basically around a mid-point of the $0.20 and $0.22 values.

The bulls’ path to the north now appears not having been exhausted as the last range line has broken out. The US dollar hasn’t as well weakened, to a large extent of not letting in another round of witnessing range price moves possibly around the next distribution territory at a $0.22 mark.

Ripple Technical Indicators Reading

The Upper Bollinger Band has briefly stretched northward above a previous upper range line at $0.20 value. The other trading indicators are pointing towards the east. Price is slightly hovering along with the trend-line of the Upper Bollinger Band. The Stochastic Oscillators have very briefly moved into the overbought region. As of now, there is a short line of upswings in XRP/USD market operations. Upon that, the market’s trend isn’t far from being in a range-bound. Therefore, some degrees of precautionary measures have to exercise for a while.

Conclusion

Despite an earlier spike in the valuation of XRP/USD market today, there is still the possibility of seeing the crypto-trade entering other range trading territories in the near time. Also, indecision trading positions may feature to play along in the presumed range of market operations.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Read Original/a>
Author: Ben Jordan