Analytics

Ripple – Our coin of the day (23.07.2018)

Category: Analytics

The world’s only enterprise blockchain solution for global payments.

 

Fundamentals

Ripple was harmed badly after Coinbase ignored “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. Is it worth buying on lows? Read more »

Bitcoin Today (23.07.2018)

Category: Analytics

Price

Bitcoin found 7300 level supportive at the beginning of the weekends and managed to take-off from this level and taking over 7600 level after a short roll-back on Sunday. Today volume distribution tends closer to 7650 price, which confirms the breakthrough of 7600.  Winning over the 7600 level underly that the price has overcome a complex zone of 7500 level and 100-days EMA and now adds more bullish signs to its view.  If traders can hold this level for today, then soon we could see a testing of the 8000 resistance. Return below 7600 will probably mean the continuation of lateral trading in the 7000 – 7600 zone. Read more »

Bitcoin Today (20.07.2018)

Category: Analytics

Price

Second day in a lateral correction in 7300-7500 corridor. The fact that price still holds on to the 100-days EMA and does not go down talks in favor of bullish scenario and it is possible that soon we will see more attempts to go above 7600. 7300 is the support level for the bullish scenario, and 7600 is the closest resistance. A lot of analytics would prefer to emphasize level 7500, but the price is too close to those level and to consider a clean breakthrough we would prefer to see the price above 7600 level as it was the highest point, on Wednesday. From the bearish view, a breakthrough of the 7300 will lead the price to test 7000 level. A pullback below 7000 will mark a question above the whole bullish pattern that we saw in a last four days. Read more »

Stellar – Our coin of the day (19.07.2018)

Category: Analytics

Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.

Fundamentals

Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked… Read more »

Bitcoin Today (19.07.2018)

Category: Analytics

Price

Second day in a lateral correction in 7300-7500 corridor. The fact that price still holds on to the 100-days EMA and does not go down talks in favor of bullish scenario and it is possible that soon we will see more attempts to go above 7600. 7300 is the support level for the bullish scenario, and 7600 is the closest resistance. A lot of analytics would prefer to emphasize level 7500, but the price is too close to those level and to consider a clean breakthrough we would prefer to see the price above 7600 level as it was the highest point, on Wednesday. From the bearish view, a breakthrough of the 7300 will lead the price to test 7000 level. A pullback below 7000 will mark a question above the whole bullish pattern that we saw in a last four days. Read more »

Ardor – Our coin of the day (18.07.2018)

Category: Analytics

The first scalable Blockchain-as-a-Service Platform for Business

Fundamentals

Ardor showed a significant grow after Binance listing. Such a huge rise after a listing is not unexpected, but still higher than expected, and probably could be affiliated to extremely low prices of the coin. Read more »

Bitcoin Today (18.07.2018)

Category: Analytics

Price

Yesterday, during American trading session Bitcoin price pleased us with a strong leap upwards, breaking above 6800 and 7000 levels on the way. The upward movement stopped only at the 100-days EMA which at this time lies between 7400 and 7500. Today the price stays near the 100-days EMA, that leaves the possibility of the breakthrough above 100-days EMA which will be a sign of uptrend continuation and lead the price to the 8000 resistance. If the price does not manage to break the EMA in the nearest time, we will probably see a correction to the 7000 level. The key point of the bullish scenario – stay above the 7000 level.  Read more »

Bitcoin Today (17.07.2018)

Category: Analytics

Price

The bullish tendency remains, yesterday BTCUSD overcame 6600 level and now trading on the 6700 level. 6800 level is the resistance, which sent the price down on July 8th, a breakthrough above this level will add more to the bullish view. Nonetheless, much more important resistance, for now, is 7000 level. As long as the price holds below 7000 level – either lateral movement or fall will be prevailing forecasts. Important levels for today: 6600 must hold on to support bullish scenario, piercing of 6800 will send the price to test the most important 7000. Still, the chances to see a breakthrough of 7000 and sustained movement upwards are low until the 16 August, the date when SEC should answer on the Bitcoin ETF regulation inquiry. Read more »

Cardano – Our coin of the day (16.07.2018)

Category: Analytics

Academia-driven blockchain platform Cardano

Fundamentals

With a 50% fall in price since the beginning of the summer, Cardano showing turnaround signs.

Cardano is a smart contract platform, similar to Ethereum, with a focus on security through a layered architecture. Read more »

Bitcoin Today (16.07.2018)

Category: Analytics

Price

The weekends went calmly, with the price gradually rose from the 6150 level, reaching 6400 at the beginning of the Monday. Today BTCUSD pair was picked upwards and broke above the 6400 level, aiming for the first key resistance 6600. In case if we will see BTC above 6600 today, the next target will be 7000. Only after the breakthrough above 7000, BTCUSD pattern could be changed for the turnaround/bullish scenario, till then the price looks downwards. Also, one of the key factors why uptrend won’t unfold right now is expectations of the SEC answer about ruling on a proposed by CBOE bitcoin ETF, which should be made somewhere between 10 and 16 August. So, for now, the best case scenario is lateral movement between 6000 and 7000 levels. In near-term perspective, from the upside – 6600 resistance, from the below – 6100. Read more »