Category: price analysis

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EOS Price Analysis for November 26th – EOS Seeks Restoration

eos logoBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, November 26th, EOS is trying to stabilize and restore its positions after the previous fall. It is chiefly trading at $2.59. On D1, the EOS/USD pair is trading inside the mid-term channel. Currently, the price may correct upwards to $2.95. After that, the descending channel will keep forming as the price will decline to $1.95. The idea of the correction is supported by the Gold Cross forming on the MACD. On H4, the is a correction in a downtrend. Even with the seeming stability of the decline, we cannot exclude a

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XRP Price Analysis for November 22th – XRP Decline Won’t Stop

XRP price analysisBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, November 22nd, the XRP keeps declining, trading at the minimum since September 30th — $0.2395. On H4, XRP/USD demonstrates the development of a downtrend after a test of the long-term resistance level. The aim of the current trend is the fractal minimum of $0.2100. We should especially note the dynamics of the MACD which is forming a convergence. In our case, it signifies a slow-down of the trend and a decline to the target level. Speaking about a pullback, it should be signaled by a breakout of the resistance line, which

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BTC, ETH, and XLM Price Analysis: Crypto Market Exhibiting Strong Selling Pressure

Bitcoin Price Analysis (BTC/USD) On today’s intraday chart, the price of the top-performing cryptocurrency has declined, thus recording a bearish momentum below $8500 support level.  BTC/USD pair has, therefore, dive dipper below $8300, after exhibiting a sharp breakout that dipped the price to an intraday low of $8010.70. The downside move was followed by a short-term consolidation phase above $8128 thus defining the current price at $8138.48, which dropped from the opening price of $8439.95 translating to 3.6% loss over the past 24hrs. Failure of BTC/USD pair’s price to stay above $8128.60 may restart a fresh decline with new support

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Stellar (XLM) Keeps Declining

XLM StellarBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On November 19th, the XLM keeps decreasing in price, generally trading at $0.0657. On D1, the XLM/USD quotations have broken out the resistance line of the long-term channel. The breakout was quite confident but now the prices are forming an impulse of decline to the local support near $0.0626. A breakout of this level may let the quotations fall to $0.0440. The resistance is near $0.0875. Further decline is confirmed by a Black Cross forming on the MACD. On H4, the downtrend can be seen in more detail, and the channel looks rather

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