Category: Cryptocurrency News

Ethereum is showing positive signs above $1,720 against the US Dollar. ETH could start a strong increase if there is a clear move above the $1,850 resistance. Ethereum remained well supported above the $1,720 support zone. The price is now trading below $1,820 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,815 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a strong increase if there is a clear move above the $1,850 resistance zone. Ethereum Price Holds Support Ethereum remained well supported above the $1,720 support zone. A base was formed near $1,725 and there was a fresh increase. The price spiked above the $1,800 resistance level and the 100 hourly simple moving average. However, the price struggled to gain pace above the $1,850 level. A high was formed near $1,875 and the price corrected gains. It is now consolidating above the $1,770 level. The recent low was formed near $1,753 before the price climbed above $1,780. Ether price is now trading below $1,820 and the 100 hourly simple moving average. On the upside, an initial resistance is near the $1,810 level. There is also a major bearish trend line forming with resistance near $1,815 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $1,875 swing high to $1,753 low. Source: ETHUSD on TradingView.com The next major resistance is near the $1,830 level. It is near the 61.8% Fib retracement level of the recent decline from the $1,875 swing high to $1,753 low. The main resistance is near the $1,850 level. A clear move above the $1,850 resistance might start a strong increase. Fresh Decline in ETH? If ethereum fails to rise above the $1,850 resistance, it could continue to move down. An initial support on the downside is near the $1,770 zone. The next major support is near the $1,720 level. A close below the $1,720 support could increase selling pressure. In the stated case, the price could slide towards the $1,650 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $1,720 Major Resistance Level – $1,850

PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at ‘Artaverse’, an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies to buy NFTs directly on site. The cryptocurrencies supported are BNB, […]

Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite. Russia’s Ruble Outshines […]

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

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

submitted by /u/NarrowBike2259 [link] [comments]

submitted by /u/ChristianMan710 [link] [comments]

Improving customer experience, increasing the customer base and a hope their brand is perceived as “cutting edge” were the biggest reasons given for a desire to adopt crypto payments.

Bitcoin is holding the key $29,500 support against the US Dollar. BTC must clear the $31,500 resistance zone to start a major increase in the near term. Bitcoin is showing a few positive signs above the $29,500 support zone. The price is now trading below the $30,500 level and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase if there is a clear move above the $31,500 resistance. Bitcoin Price Remains In A Range Bitcoin price attempted a fresh increase above the $31,200 and $31,500 resistance levels. However, the bears were active near the $31,500 zone. A high was formed near $31,550 and the price corrected gains. There was a move below the $31,000 and $30,500 support levels. A low was formed near $29,848 and the price is now consolidating in a range. There was a recovery above the $30,000 resistance zone. The price spiked above the 23.6% Fib retracement level of the recent decline from the $31,550 high to $29,848 low. However, the price struggled near the $30,700 level. Bitcoin is now trading below the $30,500 level and the 100 hourly simple moving average. An immediate resistance on the upside is near the $30,400 level and the 100 hourly simple moving average. The first major resistance is near the $30,850 level. The main resistance is near the $31,250 level. There is also a major contracting triangle forming with resistance near $31,250 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com A clear move above the $31,250 resistance level could send the price further higher. The next major resistance might be $32,000. Any more gains might call for a trend change and a move towards the $33,200 level. Downside Break in BTC? If bitcoin fails to clear the $31,250 resistance zone, it could start another decline. An immediate support on the downside is near the $30,000 level. The next major support is near the $29,850 level. The main support is still near the $29,500 zone. A downside break below the $29,500 support may perhaps spark another decline. In the stated case, the price could dive towards the $28,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level. Major Support Levels – $30,000, followed by $29,500. Major Resistance Levels – $30,400, $30,850 and $31,250.

Well, it seems Odlavsos “How to Create a Shitcoin” thread may go down in history. Will this be a “happy ending”?? Here are my thoughts; Surprisingly… It’s been a great two weeks for Buttcoin, as liquidity continues to climb, and believe it or not the coin has reached a respectable $110,952 market cap. As you…
Read more