Cosmos (ATOM) Bounces but Struggles at $4.50 Resistance

Key Resistance Levels: $5, $6, $7
Key Support Levels: $3, $2, $1

ATOM/USD Price Long-term Trend: Bullish
Cosmos is now in a bull market. Currently, the coin is trading below the $4.50 resistance. In retrospect, the bear market was terminated at a low of $2 and the coin rebounded. The upward move was resisted at a $3.40 price level. The coin fell and retested the previous low at $2.

Cosmos is now in a bullish move as it broke the previous resistance at $3.40. The upward move was finally halted at the $4.50 resistance on November 11. Cosmos slumped to the low of $3 and resumed another bullish move to retest the overhead resistance. Presently the coin is facing price rejection at the overhead resistance.

ATOM/USD - Daily Chart

Daily Chart Indicators Reading:
The stochastic indicator is above the 50% range which indicates that the Cosmos is in a bullish momentum. The market is actually rising but the bulls are finding it difficult to penetrate the overhead resistance.

The simple moving averages are pointing northward indicating that the coin is rising. From the Fibonacci tool, it indicates that Cosmos is likely to reverse at the 1.272 extension level. Earlier a bullish candlestick body tested the 0.786 retracement level which gave a clue of the trend reversal.

ATOM/USD Medium-term bias: Bullish
On the 4-hour chart, the coin is also in a bullish move. The coin was facing resistance at $4 but after a retest, the resistance was broken. However, the bulls went up again but could not penetrate the overhead resistance. The market is in a sideways move below the $4.50 overhead resistance.

ATOM/USD - 4-Hour Chart

4-hour Chart Indicators Reading
The Relative Strength Index period 14 level 61 is above the centerline 50. This indicates the coin is in a bullish trend zone. The market is said to be in an uptrend. However, a bullish break at $4.50 resistance will catapult the coin to a high of $7.0.

General Outlook for Cosmos (ATOM)
Cosmos is in a bull market but yet to break the overhead resistance. Each time the bulls test the overhead resistance, the coin will fall or retrace to the next support. The coin is lacking buyers at the upper price levels. Possibly a bullish break at the overhead resistance will push the coin to higher price levels. Nevertheless, if the bulls fail to break the overhead resistance, the bears will take undue advantage to sink the coin below the support line. This will plunge the coin to its previous low.

Cosmos Trade Signal
Instrument: ATOM/USD
Order: Buy Limit
Entry price: $4
Stop: $3
Target: $7

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USDCHF Market Activity Subdued Beneath 0.9833 Level Ahead of Christmas Break

USDCHF Price Analysis – December 24

The USDCHF pair recorded a small daily gain on Monday and entered the consolidation phase on Tuesday, as the markets seem to be already in a festive mood. At the time of writing, the pair remained unchanged at 0.9817 level.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9876
Support Levels: 0.9770, 0.9659, 0.9541

USDCHF Long term Trend: Ranging

In the long run, the long-term trend remains neutral, while the USDCHF is trending in the range of 0.9659 / 1.0231. In any case, a decisive breakthrough of the level at 1.0231 is necessary to indicate the resumption of an uptrend.

Otherwise, trading with a large range may be registered with the risk of another fall. Meanwhile, a break of the support level of 0.9695 may try to break through the support level of 0.9541.

USDCHF Short term Trend: Bearish

USDCHF remains in the range of the level at 0.9770 and its intraday bias remains neutral. An even greater fall is expected as long as the resistance level of 0.9876 holds.

On the other hand, below the level of 0.9770, a fall from level 1.0027 may again be activated and approach the minimum level of 0.9659. Although a breakthrough of the level at 0.9876 can change the bias back to the side of increasing the resistance level at 1.0027.

Instrument: USDCHF
Order: Sell
Entry price: 0.9833
Stop: 0.9876
Target: 0.9695

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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XRP Price Deepens at the Oversold Region as Buyers Emerge

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Ripple has depreciated further and it is now trading at $0.18 at the time of writing. The price was previous fluctuating between the levels of $20 and $0.23. It was assumed in the previous analysis that if the bears break the $0.20 low, the downtrend will resume. On December 17, the bears break the $0.20 support, and the downtrend resumed. The market has fallen to $0.18 which is the previous low in 2017. The coin will likely pause and rebound at this support level. On the other hand, selling pressure may continue.

XRP/USD - Daily Chart

Daily Chart Indicators Reading:
The Relative Strength Index period 14 level 21 indicates that Ripple is oversold as the market reaches the oversold region, buyers are likely to emerge. In the oversold region, buyers emerge to take control of price. The 21-day SMA and the 50-day SMA are pointing southward indicating the downward move.

XRP/USD Medium-term Prediction: Ranging
On the 4-hour chart, the bears have broken the support at $0.20 as the market falls to the low of $0.18. The bears have terminated the price range of $0.20 and $0.23. The price has fallen to a low of $0.18 as the market consolidates above it. Ripple may rebound if the bulls defend the current level. However, if the bears break the current level, Ripple will be in serious depreciation.

XRP/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The stochastic is trading now below the 20% range of the oversold region. This indicates that the coin is in a bearish momentum. The blue and red lines of the daily stochastic are trending horizontally meaning that the bearish momentum has been weakened.

General Outlook for Ripple (XRP)
Ripple is now in a bear market as price breaks the support line of the horizontal channel. The bearish trend also terminates the sideways trend. Ripple is currently fluctuating above  $0.18. A rebound is possible if the bulls defend the support level. Besides, the coin is in the oversold region suggesting buyers to take control of price.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.18
Stop: $0.10
Target: $0.23

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Ethereum (ETH) May Depreciate If It Faces Price Rejection at $155

Key Resistance levels: $220, $240, $260
Key Support Levels: $150, $130,$110

ETH/USD Long-term Trend: Bullish
Recently, Ethereum had a selling pressure as the bears broke the dashed line (blue lines) at $150 and the price fell to the low of $135. After the coin falls, the market pulled back but ETH is currently facing resistance at $155. In retrospect, after the last bearish impulse in September,

Ethereum had been in a range-bound movement between the levels of $150 and $200. The $150 price level had been strong support before it was broken in November. The support is now resistance in November. Ethereum is not likely to move up because of this resistance level. However, if the bulls fail to break the current resistance, the coin will face another selling.

ETHUSD-Daily Chart

Daily Chart Indicators Reading:
The recent price fall broke below the downtrend line but pulled back above it. This shows that the bulls are still in control of price but are presently facing resistance at $155. However, if the coin face another selling and the downtrend line and support line are broken, Ethereum will resume the downtrend move. The stochastic is showing signs of bullish momentum but the price is in the oversold region.

ETH/USD Medium-term bias: Bullish
In November, Ethereum was fluctuating between the levels $180 and $197 but the bulls fail to break the resistance at $197. The inability of the bulls led to the downward move. The market drops and breaks the previous low of $150 and created another low of $135. The market has moved up again but it is facing resistance at the current price level.

ETHUSD-4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are trending southward indicating that the market is still bearish. The RSI period 14 level 51 indicates that the price is above the centerline 50. This indicates that the Ethereum is rising

General Outlook for ETH
The overall trend of Ethereum is bearish. The ETH is trading below the resistance at $155. Ethereum may further depreciate if the bulls fail to break the resistance at $155. This will result in the sliding down of the coin to the previous low. Alternatively, the coin will be fluctuating between the levels of $135 and $155.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy Limit
Entry price: $140
Stop: $125
Target: $180

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EOS Continues Selling Pressure as the Price Fails to Rebound at Current Levels

Key Resistance levels: $4, $5, $6
Key Support Levels: $3, $2, $1

EOS/USD Price Long-term Trend: Bearish
EOS traded below the resistance at $3.60. The market is heading southward as the bulls fail to trade above the $3.60 price level. The market is approaching the previous low at $2.60. There is a possibility of a further depreciation once the previous low is broken. EOS will reach a low of $2.0 or $2.40 once the selling pressure resurfaces. The bulls have been defending the September lows but are being overwhelmed as the support cracks. The chances of the support holding and EOS bouncing are very slim because of  lack of buying power at the support.

EOSUSD-Daily Cart

Daily Chart Indicators Reading:
Our Fibonacci tool has indicated to us that EOS may continue its downward move. In view of this, a bullish candle body tested the 0.786 retracement level. Accordingly, the market will fall to a low of 1.272 Fibonacci extension level or at the equivalent price of $2.0. Another indicator sign has shown that the market is below level 30 of the daily RSI. This implies that the selling pressure is likely to be ended as the bulls come in at the oversold region.

EOS/USD Medium-term bias: Bullish
On the 4-hour chart, EOS is trading within the levels of $2.60 and $3.60. The bears have broken the lower price range signaling a further depreciation. A downward movement is expected at a low of $2.0.

EOSUSD-4-Hour Chart

4-hour Chart Indicators Reading
The lower price range has been breached; EOS is prone to further price fall. The market is still in a bearish momentum according to the price below level 50 of the daily stochastic.

General Outlook for EOS
The overall trend of EOS is bearish as the coin continues its falls. Presently, the pair has reached a low of $2.41, and the low at $2.0 is expected. Traders should wait for the market to exhaust selling pressure before embarking on a buy setup.

EOS Trade Signal
Instrument: EOSUSD
Order: Buy Limit
Entry price: $2
Stop: $1.0
Target: $3.60

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Ripple (XRP) falls to the Bottom Suggesting Bulls to Take Control of Price

Key Resistance levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Expectedly, XRP has traded to the bottom of the chart. In the previous analysis, we have indicated that the price will reach a low of $0.24. At that support, the bearish pressure may continue to the low of $0.22. Today, the XRP has reached a low of $0.23, further depreciation is expected to the low of $0.22. We had this low in September, and the market respected the historical price level. XRP made a pullback as the coin reached the low of $0.22 price level.

XRPUSD-Daily Chart

Daily Chart Indicators Reading:
The Relative Strength Index is the major indicator for consideration. The RSI period 14 level 26 means that XRP is trading in the oversold region below level 30 suggesting that bulls may take control of price. The pair will trade below level30 and reverse. The coin may reverse in a matter of days. Also, XRP has a bearish crossover as the 21-day SMA crosses below the 50-day SMA indicating that price is falling.

XRP/USD Medium-term Prediction: Bearish
On the 4-hour chart, the price was making a series of lower highs and lower lows. The 21-day SMA is acting as a resistance to the price while the support line of the channel acts as a support.

XRPUSD-4-Hour Chart

4-hour Chart Indicators Reading
The 21-day and the 50-day SMAs are sloping downward indicating the downtrend. This indicates that the price is falling. XRP is in a strong bearish momentum according to the daily stochastic.

General Outlook for Ripple (XRP)
XRP has fallen to the oversold region of the market as the market is testing the $0.23 price level. We are expecting that the coin may trade and reverse either at the $0.22 or $0.23 price level. Traders should lookout for a buy setup to initiate buy orders.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: buy Limit
Entry price: $0.22
Stop: $0.15
Target: $0.30

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Bitcoin SV Resumes Selling as Bears Retest the Resistance at $140

Key Resistance levels: $220, $240, $260
Key Support Levels: $160, $140,$120

BSV/USD Long-term Trend: Bearish
Bitcoin SV was  in a bearish trend until the market fell to a low of $80. The price consolidated above the support at $80 for a month before the price corrected upward. The upward movement was interrupted as the bulls were resisted at $140. The coin is now falling after being resisted. As the price is falling, the coin is approaching the previous low at $80.

A break below the support at $80 will result in further depreciation of the coin. In other words, the coin will fall to the low at $20. Conversely, if the support at $80 holds, the coin will rise again to reach the previous highs. However, the bulls will face resistance at $140 and $180 as the coin moves up.

BSVUSD-Daily Chart

Daily Chart Indicators Reading:
From the Fibonacci tool, the swing low is taken on July 15, while swing high is taken on June 22. A bull candle body tested the 0.618 retracement level. This implies that BSV will drop to a low of 1.618 Fibonacci extension level. The RSI period 14 level 35 indicates that the price will continue to fall as the coin approaches the oversold region.

BSV/USD Medium-term bias: Bearish
On the 4-hour, the bulls have been making attempts to break the resistance at $140. The price made three attempts at the resistance level before the it dropped. The price is falling and may find support at $80.

BSVUSD-4 -Hour Chart

4-hour Chart Indicators Reading
BSV is falling and it is in the oversold region of the daily stochastic. This signifies that the price is in a strong bearish momentum. The 21-day and the 50-day SMAs are sloping southward indicating that the market is falling.

General Outlook for Bitcoin SV (BSV)
Bitcoin SV is in a downtrend and the selling pressure will continue. The Fibonacci tool indicates that the coin will reach the 1.618 extension level which is the equivalent of $20. On the other hand, if the bears break below the $80 support level, then we will affirm whether or not the market will reach a low of $20.

BSV Trade Signal
Instrument: BSVUSD
Order: Sell
Entry price: $103
Stop: $120
Target: $80

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Bitcoin (BTC) Price Analysis – New Channel Pattern May Lead Bitcoin To $12000, Bullish Divergence In Play

Bitcoin is back on bullish mode after breaking a symmetrical triangle to a new channel formation, although the $9400 resistance was slightly broken yesterday but got rejected at $9644 on Bitfinex. BTC is currently retracing to $9100, following the channel pattern shaping on the hourly chart. However, Bitcoin is currently trading at $9350 with a $168.5 billion market cap.

Bitcoin (BTC) Price Analysis: Daily Chart – Bullish

Key resistance levels: $9800, $10000, $10350
Key support levels: $9200, $9000, $8820

Yesterday, Bitcoin managed to close above the $9400 to show the market is preparing for another bullish phase. This time, it may take us to $12000 but we need to clear the October 27 high at $10350 before we can validate a stronger surge. If Bitcoin can close well above $9500 today, $9800 and $10000 will be in view. Further resistance above lies at $10350.

BTCUSD, Daily Chart – November 5

For now, support to look out for is $9200 and $9000. Support below lies at $8820 and beyond. Another thing to note here is the RSI and the MACD which has signalled a bullish divergence for Bitcoin. We can expect more bullish sentiment to come into play in future trading.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bullish

The last 24-hours rise has allowed Bitcoin to record a weekly high of $9644 after breaching the four days triangle pattern. As we can see on the hourly chart, BTC is constructing a new ascending channel which may take Bitcoin us to $10000 in the next rally. Currently, the market is retracing back toward the channel’s support at $9200 –$9100. Meanwhile, the $9000 – $8900 zones could serve as support if a channel break-down occurs.

BTCUSD-Hourly-Chart-November-5

Bouncing off the channel’s lower boundary would trigger a bullish impulsive move to $9350, $9500 and $9700 resistance. The RSI is bullish but now positioned in a downward direction. The MACD moving averages are now crossing to signal a potential sell, although remain positive at the moment.

BITCOIN SELL SIGNAL

Sell Entry: $9378
TP: $9189
SL: $9500

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Bitcoin (BTC) Price Analysis: BTC Breaks Triangle Pattern As Selling Underways

After dropping from around $10500 over the weekend, Bitcoin has been roaming around the 9500 price zones, an indicator of weakness in buying pressure. Inversely, the bears appeared to be defending the $10000 resistance. Still, BTC is up by +2.60% overnight as we can expect a more positive move to play out if the buyers can override the $10000 resistance.

Bitcoin (BTC) Price Analysis: Daily Chart – Bullish

Key resistance levels: $9700, $9900, $10200, $10500
Key support levels: $9200, $9000, $8800, $8600

The daily chart presents a bullish trend for Bitcoin with the current price at $9434. The last three days price increase was characterized by a bullish candle which is now becoming choppy. This suggests that buying pressure is getting weak as the $10000 proves tough for the market to overcome, although $9800 is near support for the market.

BTCUSD, Daily Chart – October 28

If we can close above the $10000 today, Bitcoin’s price will proceed to $10200 and $10500 in no time. For now, immediate support lies at $9200. A daily close beneath $9000 may keep price back in a consolidation mode, testing $9800 and $9600. While the RSI shows that the bulls are present, the MACD revealed that the bulls are yet to gain momentum. A crossover should confirm a strong bullish momentum for Bitcoin.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bullish

Bitcoin is breaking out of the triangle pattern after subduing with choppy price actions for two days. The bulls are losing momentum as the bears regroup back on a short-term. We may see a serious drop to $9200, $9000 and $8800 support if the supply becomes heavy. The interesting thing is that the technical RSI and MACD signal a bearish divergence. Considering the current reversal pattern, BTC is expected to lose value in the next few hours.

BTCUSD, Hourly Chart – October 28

Meanwhile, Bitcoin’s price can be unpredictable at times as we may see a bullish continuation amidst the bearish signal. In case of a false breakout, we may see a sharp rise to $10400 but the nearest resistance lies at $9600, $9800 and $10000. However, the short-traders seemed to be opening a position now.

BITCOIN SELL SIGNAL

Sell Entry: $9477
TP: $9100
SL: $10000

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