Category: Cryptocurrency News

Ethereum gained pace and traded below $1,150 against the US Dollar. ETH could decline heavily if there is a close below $1,000. Ethereum started a fresh decline below the $1,200 and $1,150 levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,145 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,085 level. Ethereum Price Drops Further Ethereum failed to stay above the $1,200 level and moved into a bearish zone. ETH followed a bearish path and declined below the $1,150 support zone. There was a clear move below the 61.8% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. The price is now trading below $1,150 and the 100 hourly simple moving average. It is also trading below the 76.4% Fib retracement level of the last key increase from the $1,076 swing low to $1,275 swing high. However, there is a key support near the $1,085 level. If ether price stays above $1,085, it could correct higher. An immediate resistance on the upside is near the $1,130 level. The next major resistance is near the $1,150 zone. Besides, there is a key bearish trend line forming with resistance near $1,145 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The next key barrier is near the $1,200 level, above which the price could gain strength. In the stated case, the price could rise towards the $1,280 resistance zone. More Losses in ETH? If ethereum fails to rise above the $1,150 resistance, it could continue to move down. An initial support on the downside is near the $1,085 zone. The next major support is near the $1,050 zone. A downside break below the $1,050 support may perhaps send the price further lower. In the stated case, the price could drop toward the $1,000 level. Any more losses below the $1,000 level may perhaps set the pace for a sharp decline. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now well below the 40 level. Major Support Level – $1,085 Major Resistance Level – $1,150

XRP has retraced on its chart over the last few days although the coin had attempted to head upwards, the bulls tired out. XRP at the moment has secured $0.30 as a strong support level. Price of the asset has to rise above its immediate resistance over the upcoming trading sessions in order for the bulls to take charge. If the coin fails to sustain the current price level, a fall beneath $0.30 is just a matter of time. Technical outlook for the coin painted mixed signals on the chart. Some of the indicators hinted towards a rise in bullish price action. Over the last 24 hours the coin depreciated by 4.4%, invalidating most gains XRP logged in the past week. Sellers continue to dominate the market however, buyers were also trying to re-enter as the current price has created a demand zone for the asset. For XRP to negate its bearish thesis, strength from the broader market will be required. The global cryptocurrency market cap today is $955 Billion with a 3.1% negative change in the last 24 hours. XRP Price Analysis: Four Hour Chart The asset was trading at $0.33 at press time. It was trading very close to the $0.30 support line. Invalidating the same will push price of XRP to $0.28. If XRP trades for a considerable time over the $0.33 price level, the XRP might attempt to trade near $0.34 and then at $0.37. If XRP manages to topple over the $0.37 price mark then it might be able to retest $0.43. Volume of XRP traded fell in the previous trading session indicating that buying pressure has fallen on the chart. This marked bearish pressure on XRP’s chart. Technical Analysis XRP’s buying strength remained low, the same was reflected on the Relative Strength Index. RSI was parked below the half-line and it meant that selling pressure was more than buying pressure. In accordance with the same, the price of XRP was below the 20-SMA line signifying that sellers were driving the price momentum in the market. Going by the Fibonacci retracement levels, there is rigid resistance between the 38.2% and 23.6% levels respectively. Support level for the coin was at the $23.6% line for the digital asset. Related Reading | Why Peter Brandt Thinks Cardano’s Price Is The Definition Of “Ugly” The technical outlook painted a mixed signal. Chaikin Money Flow which depicts the capital inflows and outflows was positive. The positive CMF is a sign of increase in buying strength. The small uptick on the RSI corresponds to increased capital inflows. Awesome Oscillator indicated price momentum and reversal in the price trend. AO flashed red histograms which was indicative of a sell signal. At press time however, AO displayed a single green bar but it was too early to say if XRP will be bullish over the immediate trading sessions. Related Reading | Ethereum Liquidations Ramp Up As Price Struggles To Hold $1,100   Featured image from InvestorPlace, chart from Tradingview.com

Yes, I finally decided to get my crypto off of centralized exchanges. If you are thinking about doing the same and think you can just log into your app tonight and have all your coins off in half an hour, please read this and consider how long it might take you. I am going to…
Read more

What Happened? (Hack Recap) 73,399 addresses have been sent a malicious token to target their assets, under the false impression of a $UNI airdrop based on their LP's 0xcf39b7793512f03f2893c16459fd72e65d2ed00c ​ https://preview.redd.it/j5lbqzg2w1b91.png?width=679&format=png&auto=webp&s=c4399ae446444650850e095bb085930114bfa876 The malicious contract pollutes the event data so that block explorers index the "From" as the legitimate "Uniswap V3: Positions NFT" contract. Now that…
Read more

Bitcoin extended losses and traded below $20,000 against the US Dollar. BTC could revisit the key $19,500 support zone, where the bears might be tested. Bitcoin is following a bearish path below the $20,500 pivot level. The price is now trading below the $20,500 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $20,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might find support near the $19,500 and $19,350 levels. Bitcoin Price Extends Losses Bitcoin price started a fresh decline after it failed to stay above the $22,000 level. There was a steady decline below the $21,200 and $21,000 levels. The price moved below the 61.8% Fib retracement level of the upward move from the $19,301 swing low to $22,500 swing high. Besides, there was a break below a major bullish trend line with support near $20,500 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below the $20,500 level and the 100 hourly simple moving average. It even settled below the 76.4% Fib retracement level of the upward move from the $19,301 swing low to $22,500 swing high. However, there is a major support waiting near $19,500. On the upside, the price could resistance near the $20,000 and $20,150 levels. Source: BTCUSD on TradingView.com The next key resistance is near the $20,500 zone (the recent breakdown zone). A close above the $20,500 resistance zone could set the pace for a test of the 100 hourly simple moving average. Any more gains might open the doors for a move towards the $21,750 level. The next major resistance sits near the $22,000 level. More Losses in BTC? If bitcoin fails to start a recovery wave above the $20,150 level, it could continue to move down. An immediate support on the downside is near the $19,580 level. The next major support now sits near the $19,300 level or the last swing low. A close below the $19,300 support zone could accelerate losses. In the stated case, there is a risk of a move towards the $18,500 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the oversold zone. Major Support Levels – $19,600, followed by $19,300. Major Resistance Levels – $20,150, $20,500 and $21,750.

While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode.

“Even though the tradecraft is not perfect right now… it’s still a fresh market for North Korea,” says former CIA analyst Soo Kim.

Playboy is set to add to its Web3 offerings by launching a ‘MetaMansion’ that will host gaming, social and programmed events, along with future NFT collectible releases from the firm.

The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October The Financial Stability Board (FSB), an international body that monitors and […]

submitted by /u/mainst_bets [link] [comments]