Crypto Market Targets Fresh Highs: BNB Eyes $30, Bitcoin Cash, EOS, Tron Analysis

The total crypto market cap is positioned for more gains above the $180.0B resistance. EOS price is consolidating gains near $5.50 and it could surge above $5.60. Binance Coin (BNB) rallied above the $22.00 and $25.00 resistance levels. Bitcoin cash price is back above the $300 support area, with a positive angle. Tron (TRX) price is struggling to break the $0.0265 and $0.0268 resistance levels. The crypto market cap setting up for a new monthly high, with strong gains in binance coin (BNB). Bitcoin (BTC), Ethereum (ETH), bitcoin cash, tron…

Bitcoin Price Analysis: Daily Resistance Level Tested Following Strong…

Summary: Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand. We have yet to see a strong test of the overhanging liquidity zone in the $5,700 to $6,000 range so, it seems logical to see a test of that region before any meaningful, macro pullback takes place.…

Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing…

Summary: The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $5,000 levels. From an intraday perspective, we have established new support on three separate levels that were previously resistance as the market progresses along its supply and demand channel. Macro-wise, we are still sitting in a no man’s land between macro support and macro resistance. The low timeframe has the market consolidating upward with higher lows and higher highs in conjunction with decreasing…

Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar. The price even cleared the $135 and $136 resistance levels, but upsides remain capped. There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair might face a strong resistance near the $138 level and it could drop back to $135. Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH…

WSJ’s ShapeShift Exposé Overstated Money Laundering by $6 Million, Analysis Says

When it comes to cryptocurrency transactions, questions about alleged money-laundering quickly get thorny. A Wall Street Journal investigation from last September, titled “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” claimed the crypto conversion platform ShapeShift had facilitated at least $9 million worth of money laundering over several years with “a parade of suspected criminals.” Now, at ShapeShift’s request, the blockchain analytics firm CipherBlade recreated the 2018 report and found less than $3 million in transactions involving potentially “tainted” funds. The main distinction here is that CipherBlade focused…

Ethereum Price Weekly Analysis: ETH Primed For Further Gains

ETH price broke a major resistance area near $133-134 to climb higher against the US Dollar. The price settled above the key $134 resistance to move into a positive zone. There was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it is likely to find a strong buying interest near $134. Ethereum price is trading with a bullish bias versus the US Dollar and Bitcoin. ETH/USD climbed towards $144 and…

Ripple Price Analysis: XRP Turned Buy On Dips After Upside Break

Ripple price rallied recently and broke many key resistances near $0.3080 against the US dollar. The price even settled above the $0.3100 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached with resistance at $0.3085 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied towards the $0.3250 resistance level and later corrected lower sharply. Ripple price moved nicely into a bullish zone against the US Dollar and bitcoin. XRP/USD is trading above the $0.3100 support and it…

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

  Best-known internationally as the chief executive of the blockchain smartphone startup Sirin Labs, Moshe Hogeg is becoming known for something else in Israel – mounting lawsuits. As reported extensively by regional news outlets, a lawsuit filed in January claims Hogeg misappropriated funds from the sale of new cryptocurrencies for both his own gain and to benefit his investment portfolio, including Sirin Labs. The judge has reportedly given Hogeg until March 15 to settle with the plaintiff, Chinese investor Zhewen Hu. (Update, March 14, 22:05 UTC: Israeli judge Judge Michal…

Ripple Price Analysis: XRP Looks Set To Climb Above $0.3200

Ripple price has formed a strong support above the $0.3070 level against the US dollar. The price is facing a couple of strong resistances near the $0.3130 and $0.3160 levels. There is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to climb above $0.3160 and $0.3200 as long as the $0.3070 support is intact. Ripple price is positioning for more gains against the US Dollar and bitcoin. XRP/USD is likely to rebound above…

Bitcoin (BTC) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…