The bulls have defended the support at $7,250 and have not allowed the price to dip below the downtrend line of the descending triangle, which is a positive sign.
ETH/USD Ethereum broke below the support of $404.99 and fell to a low of $397.84, thus triggering our suggested stop loss placed at $400. The bulls have pulled the price back into the range of $404.99 - $496.36.
XRP/USD Ripple has been stuck in a broad range of $0.51978 - $0.4242 since June 23 and in a tight range of $0.4242 - $0.46898 since July 21.
As long as the price remains inside the range, it is difficult to forecast the next probable direction.
BCH/USD Bitcoin Cash is finding it difficult to sustain the bounce from the bottom of the range.
Currently, the price has turned down to the trendline support at $710. If this support breaks, a retest of the $619.751 - $657.8 support zone is likely.
EOS/USD EOS has been holding on to the bottom of the range for the past two days.
XLM/USD Stellar broke below the support line at $0.2544 and is finding some buying support closer to the 50-day SMA. If the bears break below the 50-day SMA, the slide can extend to the bottom of the range at $0.184.
IOTA/USD IOTA broke below the support at $0.9150, thus completing the descending triangle pattern.
TRX/USD Tron broke below the critical support at $0.03275 on July 1, after holding it for more than a month.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 03
Udgivet den Aug 3, 2018
by Cointele | Udgivet den Coinage
Coinage
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.