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 »

Bitcoin Today (13.07.2018)

Category: Analytics

Price

6100-6150 zone showed it’s resistive nature yesterday, lowering Bitcoin was bought-off fast with high volumes, as soon as the price reached 6100 level. On the near-term perspective, we have a resistance 6300 from above and supportive 6150 level from below. To consider any kind of turnaround formation we need to see a breakthrough above the 6400 level. For now, current week pattern looks bearish even despite the recent hike up. Read more »

Bitcoin Today (12.07.2018)

Category: Analytics

Price

After a short lateral correction, BTCUSD continued its bearish movement and broke below the main support of this week – 6300. Now the price is at the 6150.0 level, calling into question soon return to the 7000 level and the formation of the bottom pattern in July. The next supportive zone on the way down is the 5750 – 6000 zone; 6000 as psychological support and 5750 is the bottom of July. A return above 6400 could be considered as a positive sign, but still, in such high uncertainty level, we need to see Bitcoin above the 7000 mark to consider any bullish development. Read more »

Tron – Our coin of the day (11.07.2018)

Category: Analytics

Tron decentralize the web

Fundamentals

Returning to the TRX, which stays within positive boundaries during today’s BTC decline.

Recap for those, who don’t follow on TRX: Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system is built with the use of distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Read more »

Bitcoin Today (11.07.2018)

Category: Analytics

Price

BTCUSD fall touched 6250.0 level but quickly returned to the 6300-6400 supportive zone. The most volumes were traded in the 6300-6400 area, which talks in favor of its supportive power. For now, we expect the price to go into a narrow lateral movement, as it is doing lately after strong moves. 6300.0 level stays the main support for the bullish view of the July movements, though it is already clear that the price will not return to 7000.0 level soon, and rather goes into a correctional move in the 6300 – 6600 zone.  Read more »