Tag Archives: Correction

Bitcoin Price Analysis: BTC/USD’s Correction Likely Over

Bitcoin price started a downside correction from $19,600 against the US Dollar. BTC/USD tested the $15,700 support and is currently recovering. Key Talking Points Bitcoin price after trading above the $19,600 level (data feed by Kraken) against the US Dollar found sellers and declined. There was a break below a descending channel with support at […]

Ethereum Price Breaks $600: Overdue Price Correction or Pump and Dump?

Ethereum made considerable gains today, as the #2 ranked Cryptocurrency broke through the $600 mark. ETH is currently consolidating at $614 after a bullish run peaked at $635. A staggering trading volume of over $4.5 billion has even created issues for leading crypto exchange Coinbase, which has had to temporarily disable Ether trading.  Ether has […]

5 Things to Watch Next Week: Saudi Arabia and Iran, Bitcoin in Correction, Stocks Left Behind, Junk Bonds, and the Dollar Rally

1.            A New King in Saudi Arabia and a New Order in the Middle East? The restructuring of the Saudi Arabian leadership by crown prince Mohamed bin Salman entered the next stage in the last couple of weeks, and the implications of the “Game of Thrones” of the Middle East won’t stop on the borders […]

Bitcoin Price Analysis: Market Correction Could See Lows of $5,800

In our last discussion of the bitcoin market, an emphasis was placed on the $7,000 support level because it represented a historic point of interest and it showed strong signs of support – a break of which would ultimately prove to have a strong downward move following afterward. Bitcoin has since broken the $7,000 support […]

Ethereum Price Technical Analysis – ETH/USD Short-term Correction

Key Highlights ETH price started a new downside wave from the $305.22 swing high against the US Dollar. There is a bearish trend line forming with resistance at $293.80 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to move down towards the $291 and $288 support levels. Ethereum price […]

Ethereum Classic Price Technical Analysis – ETC/USD’s Correction Underway

Key Highlights Ethereum classic price started a downside correction from the $11.00 swing high against the US Dollar. There is a crucial bullish trend line forming with support at $10.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). On the upside, the pair is facing resistances near the $10.70 and $10.95 […]

Ethereum Price Down 8%, Ripple Falls by 12%, Bitcoin Loses 6%: Cryptocurrencies Suffer Correction

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Earlier today, on October 18, the cryptocurrency market endured a major correction, as the price of Ethereum fell by 10 percent and Bitcoin declined by over 5 percent. Within the past 24 hours, the price of Ether, the native cryptocurrency of Ethereum, […]

Ethereum Price Technical Analysis – ETH/USD Short-term Correction

Key Highlights ETH price started a short-term correction after trading as high as $313.05 against the US Dollar. There was a break below two bullish trend lines with support at $310 and $305 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is now trading close to the 100 hourly simple moving […]

Ethereum Classic Price Technical Analysis – ETC/USD’s Correction Limited

Key Highlights Ethereum classic price declined further and tested the $11.80 support against the US Dollar. There is a major bearish trend line forming with resistance at $12.40 on the hourly chart of ETC/USD (Data feed via Kraken). The pair needs to break the $12.40-12.50 resistance to overcome the current bearish pressure. Ethereum classic price […]

Ethereum Price Technical Analysis – ETH/USD Completed Correction

Key Highlights ETH price after correcting towards $315 against the US Dollar faced resistance and started declining once again. There was a break below a bullish trend line with support at $297 on the hourly chart of ETH/USD (data feed via SimpleFX). The price has breached the last swing low of $281, which is a […]

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