The month of May was a corrective month for the cryptocurrency market. Ethereum (ETH) bounced off its major support level, and is looking to break resistance. As of press time, ETH/BTC trading pair is trading at 0.0769 ETH/BTC and the…
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NEO Plummets Back to April Prices, Bounces Off Major Support Level
As the whole cryptomarket underwent a major correction during the month of May, NEO’s price action over Bitcoin and over the US Dollar also took a huge hit. As of press time, NEO is trading at 0.072 BTC and $54…
Top 4 Breakout Cryptocurrencies for June 2018
With the month of May coming to a close on a negative note, another month is incoming, and price actions in the cryptomarket is getting more and more interesting. While many crypto investors lost some money on trades during May,…
Next Move for Bitcoin is Crucial, Fibonacci Retracement Shows Bull and Bear Scenarios – Technical Analysis
Since having a nice bull run during the month of April, Bitcoin has struggled to keep momentum opening the month of May. After hitting the resistance level at the $10,000 level on the first week of May, Bitcoin price plummeted…
NEO on Correction Mode, Struggles to Hold Support Lines – Technical Analysis
NEO is currently on a downward trend this past 2 weeks. After a nice bull run during the month of April that boosted NEO with more than 40% price increase trading over Bitcoin, a 2-week bearish trend opened the month…
Crypto Coin Review: IOTA – Machine to Machine Economy – High Level
IOTA is one of the most promising cryptocurrency projects currently in development. Sitting at the number 9 spot in terms of market capitalization, IOTA is priced at $2.07 as of press time. What is IOTA? IOTA makes use of distributed…
Top 5 Alt Coins Short Trades for May 2018
As of press time Bitcoin dominance dropped back to 36.5% from its 2018 high of 45% on mid-April. This means that the altcoins are getting some traction when it comes to price and market capitalization. If you want to join…
Bitcoin Pattern Indicates New Bullish Sign – Technical Analysis
Bitcoin has been recovering during the month of April and the open of the month of May. Some minor correction happened during the past week with Bitcoin failing to breach the $10,000 mark, and falling back to the $9,000 level.…
Is Ripple a Rip-Off? Class-Action Lawsuit Taken Against Ripple Due to the Case of Never-ending ICO
3rd Largest Cryptocurrency in Terms of Market Cap Being the 3rd largest cryptocurrency around should lend a lot of legitimacy to Ripple. Boasting to be “better than any blockchain,” Ripple revolutionizes the global payment infrastructure by making it the most…
Technical Analysis 101: How to Use the Fibonacci Retracement Tool
The Fibonacci Retracement tool is a very common tool that investors use in both the equity market and the cryptocurrency market. This tool helps in determining the points for selling and locking in positions. What is the Fibonacci Retracement Tool?…