ETH price found support near the $262 level and recently climbed higher against the US Dollar. The price is currently testing the $270 resistance and it could continue to rise towards $275. There is a connecting bullish trend line forming with support near $268 on the hourly chart of ETH/USD (data feed via Kraken). The... The post Ethereum (ETH) Price Climbing Higher: Can Bulls Break $275 This Time? appeared first on NewsBTC.
Facebook’s announcement of the Libra stablecoin raised privacy concerns. Whether it’s related or not, some of the top privacy coins spiked after the announcement, including Monero, Zcash, Zcoin, and Grin. Monero Monero is sitting at a pivotal point based on the 3-day chart. It is trading above the 7-three-day moving average, which is a positive sign, […] The post Facebook’s Libra sparks privacy concerns while Monero, Zcash, Zcoin and Grin surge appeared first on CryptoSlate.
Bitcoin Bitcoin (BTC/USD) rebounded early in today’s Asian session as the pair escalated higher to the 9279.00 area after buying demand commenced late in yesterday’s North American session. Stops were elected above the 9262.88 level during the move higher, representing the 61.8% retracement of the move from 9475.00 to 8919.72. Prior to this area, Stops were triggered above the 9142.77 area, representing the 50% retracement of the 8810.53 – 9475.00 range. Early in yesterday’s European session, technical Resistance emerged just above the 9197.36 retracement area and the corresponding selling pressure knocked the pair lower to the just below the 9050.77 area, another key retracement area. Above current market activity, technical Resistance is expected around the 9318.19 and 9343.95 levels. Also, the 9388 and 9475 areas will be closely watched as relative highs, and the 9532.39 area remains the 38.2% retracement of the 19891.99 – 3128.89 range. Price activity is nearest the 50-bar MA (4-hourly) at 8719.40 and the 100-bar MA (Hourly) at 9160.79. Technical Support is expected around 8761.88/ 8545.42/ 8385.35 with Stops expected below. Technical Resistance is expected around 9532.19/ 9948.12/ 11510.44 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. Ethereum Ethereum (ETH/USD) appreciated early in today’s Asian session as the pair climbed higher to the 270.00 area after Bids were found around the 265.00 level early in yesterday’s North American session. Earlier during yesterday’s European session, selling pressure emerged just above the 269.92 area, representing the 50% retracement of the move from 278.83 to 261.00. Stops are expected above this area, and chartists are waiting to see if traders will trigger these stops today. Above the current market activity, selling pressure is expected between 272.02 and 272.33, and then additional selling pressure is anticipated between 274.09 and 274.62. If enough buying pressure emerges to push ETH/USD above the recent relative high of 278.83 area, attention will be refocused on technical Resistance above current market activity. Technicians are eyeing key levels such as the 289.64 area, representing the 38.2% retracement of the move from 627.83 to 80.60, and then the 293.56 area represents the 23.6% retracement of the 982.99 – 80.60 range. Price activity is nearest the 50-bar MA (4-hourly) at 263.23 and the 100-bar MA (Hourly) at 269.27. Technical Support is expected around 258.86/ 252.70/ 246.53 with Stops expected below. Technical Resistance is expected around 288.77/ 293.56/ 302.20 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Facebook’s official stance on cryptocurrencies and blockchain technologies has been a topic of debate over the years, but commanding a…Continue reading on Medium »
It wasn’t just Facebook making one of the biggest announcements and steps towards mainstream adoption in the crypto space this week. Ripple also announced a strategic partnership with international money transmission service MoneyGram that would see the company use its XRP crypto token and could possibly drive up XRP price. MoneyGram’s stock has surged over... The post Ripple Effect: MoneyGram Stock Continues to Soar, When Will XRP Price Follow? appeared first on NewsBTC.
A former executive from cryptocurrency firm Circle has been picked up by The Royal Bank of Scotland as CEO of its digital SME offering
Bitcoin and the entire crypto markets are currently being controlled by buyers, which is a positive sign for embattled investors who are anxiously awaiting the next bull run that allows BTC to surge towards, or... The post Experts Believe Bitcoin Could Soon Surge Towards All-Time-Highs; Here’s Why appeared first on Ethereum World News.
In the cryptocurrency world, decentralization is finally starting to take center stage again. Albeit long overdue, it seems some projects are finally coming together. Switcheo introduces its atomic swaps on NEO and EOS this week. A very prominent development which shows how versatile the cryptocurrency industry can be at times. NEO and EOS Cross-chain Swaps It is rather interesting to see how atomic swaps can be facilitated between ecosystems which are very different from one another. Albeit EOS and NEO both provide dApp support, it seems both projects are heading in opposite directions at this time. However, that doesn’t mean The post 3 Reasons to be Excited About Switcheo Enabling NEO/EOS Swaps appeared first on The Merkle Hash.
Libra Elicits Support from Crypto Diehards to Chinese Businessmen Facebook’s Libra, a to-be-launched crypto asset to be backed by a blockchain, has drawn support from all across the globe. Everyone from mainstream media and Bitcoin... The post Why Are China’s Tech Tycoons Excited About Facebook’s Crypto & Blockchain? appeared first on Ethereum World News.
The U.S. DoJ has revealed that a recently-arrested investments provider may stand trial in California for committing crypto-related fraud and money laundering