Daily, May 23, ’18

Daily, May 23, ’18

Ashton Kutcher, Cryptopia, Cardano, Verge, Robert Shiller, IOTA, UNOPS

  • Popular american actor, Ashton Kutcher, donated $4M in Ripple to Ellen DeGeneres Wildlife Fund during The Ellen DeGeneres Show.
  • Cryptopia crypto-exchange added Cardano to its listing. Now pairs ADA/BTC, ADA/LTC, and ADA/DOGE are available for trading.
  • Verge is hacked again — 35M XVG were generated in a few hours. In the last 24H Verge price have fallen about 14%. But Verge Team sees hack as opportunity to grow.
  • Robert Shiller, Nobel Prize Economist, thinks that crypto the newest iteration of alternative currency ideas.
  • IOTA now collaborates with UNOPS to bring transparency and efficiency to the work associated with the UN.

BTC

3,600 USD
1.17%

ETH

119.03 USD
1.36%

XRP

0.3194 USD
0.16%

XVG

0.006660 USD
0.00%

Related news

Bitcoin Price Analysis Jan.23: The Next Resistance – Descending Trend-line at $3600

Over the past two days, BTC has tested once the dangerous zone of $3480 – $3500 and the second slide had produced a hammer type candle (on the 4-hour chart) with a low at $3400 as a long wick. Hammer candles tend to be bullish reversal candles. This is how capitulation candles look like. However, this candle is on the 4-hour timeframe and not on the daily or weekly charts. Following the above reversal candle, BTC had a mini-run to previous resistance at $3600, along with the 50 days moving average line (marked in purple on the 4-hour chart) and a descending trend-line (marked by an orange line). From our previous analysis: “the 4-hour Stochastic RSI had just crossed over around the oversold area. This might lead to a slight correction, maybe to retest prior support that was broken. Possible correction levels could be the $3600.” As of writing this, Bitcoin got rejected by the $3600, and some more indicators support the idea that a break-up of this level won’t be so easy. Looking at the 1-day & 4-hour charts Looking on the bullish side, the next significant resistance is $3600, as mentioned above. Above that level lies the daily chart’s 50 days moving average line (marked in white, currently around $3650), the $3700 and $3800 areas. From the bear side, the next major support area is the $3480 – $3500. Below this crucial level, lies the $3400 (weak support) and $3300 support level. This is before retesting the 2018 low at $3120. The 4-hour chart’s Stochastic RSI oscillator had just crossed over at the overbought zone. This can produce a correction down for the next day or two. The daily chart’s RSI: So far the crucial line at 43 holds up. The trading volume is still pretty dull; even though yesterday’s green candle was highest during the past week (on Bitstamp). But we still seek to see volume entering the market in either way. BitFinex’s open short positions had decreased to 22.4K BTC of open positions. BTC/USD BitStamp 4-Hour chart BTC/USD BitStamp 1-Day chart The post Bitcoin Price Analysis Jan.23: The Next Resistance – Descending Trend-line at $3600 appeared first on CryptoPotato.
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