Category: price analysis

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Tron Price Analysis for January, 24th – TRX Falling

TronOn Friday, January 24th, the Tron is declining, trading at $0.0159. On D1, the last wave of declining after the attempted tests of the support area between $0.0110 and $0.0117 changed for an impulse of growth that has managed to break out the resistance line of the mid-term channel. Such a situation may mean the beginning of a new uptrend forming. The nearest goal of the growth will be the local fractal $0.0230 but only after a breakout of $0.0185. On the MACD, the lines are getting ready to cross 0 to the positive area, which supports the idea of

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XRP Price Analysis for January, 21th – XRP Stabilized

XRP Price Analysis for January, 21th - XRP StabilizedAfter two days of declining, the XRP stabilized, and on Tuesday it is trading at $0.2364. On D1, the XRP/USD quotations remain inside the long-term bearish channel. However, after a convergence on the MACD, the resistance line of the mid-term channel was broken out. This situation means the development of a mid-term correctional phase which may turn into a full-scale reversal of the current trend. At the moment, the correction has reached 23.6% Fibo related to the previous impulse of declining, but later the quotations may rise to 38.2% ($0.3012) and 50.0% ($0.3405). Looking at the chart, you can notice

The post XRP Price Analysis for January, 21th – XRP Stabilized appeared first on The Merkle Hash.

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Dash Price Analysis for January, 14th – DASH Skyrocketing

dash price analysisOn Friday, January 17th, the Dash cryptocurrency is trading at $122.40. On D1, DASH/USD demonstrates a confident impulse of growth. These dynamics are quite logical. The first reason is the decline of the quotations to a very low level of $38.12. The second signal of the growth was a divergence on the MACD. The third signal was a breakaway of the resistance line of the mid-term channel. The long-term technical picture shows that the growth is aimed at reaching and testing the resistance level of the main long-term channel – $175.00; a breakaway of this level will mean a new

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Litecoin Price Analysis for January, 14th – LTC Heading Upwards

LTC Heading UpwardsThe LTC cryptocurrency preserves the impulse of growth formed at the beginning of the month. On Tuesday morning, January 14th, the LTC is generally trading at $53.46. On D1, after a convergence on the MACD, the quotations have started to rise, breaking out the resistance line of the descending channel. This signifies the beginning of a correctional trend of growth. The first aim of such growth is at 23.6% ($61.53) Fibo, later they may grow to 38.2% ($77.62) and 50.0% ($90.44). A breakout of the current minimum of $35.82 will signal the continuation of the decline with the aim at

The post Litecoin Price Analysis for January, 14th – LTC Heading Upwards appeared first on The Merkle Hash.

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