Demand

Bitcoin in Price Tussle but Gets Stuck at $7,600 Demand Zone
Jan 06, 2020 at 16:45
News
Bitcoin in Price Tussle but Gets Stuck at $7,600 Demand Zone
Bitcoin faces another price rejection in the New Year. Undoubtedly, the $7,600 has become a strong resistance which has been the biggest hurdle to jump over. Two days ago the coin suffered another fall, as the market continues to depreciate. In the previous fall, BTC was sent to a low of $7,000 on January 2. Regrettably, Bitcoin would have been in danger, if the $7,000 support also cracks.
Ethereum Bounces Sharply, Breaks the First Resistance at $136
Jan 06, 2020 at 15:25
News
Ethereum Bounces Sharply, Breaks the First Resistance at $136
Finally, buyers made a successful attempt to overcome the resistance at $136. The present move is not substantial as ETH is facing resistance at $140. The pair is retracing and if it is allowed to continue, it will wipe away all the bullish gains. Possibly, the price could drop to $128 low. The bulls are to ensure aggressive buying so that the price is sustained over $136.
Ethereum Fails to Push Price Upward, Lacks Demand at Higher Levels
Jan 04, 2020 at 12:09
News
Ethereum Fails to Push Price Upward, Lacks Demand at Higher Levels
The bulls have made four unsuccessful attempts at $136 as the coin continues its range-bound movement. Each time there is price rejection the market falls to the lows of either $124 or $128. Two days ago, the price retested the $132 and dropped at a low of $126. Later the price made an upward move.  This completes the bulls’ fourth attempt at the overhead resistance.
Bitcoin Cash Moves Up, Uptrend Uncertain
Jan 03, 2020 at 12:01
News
Bitcoin Cash Moves Up, Uptrend Uncertain
Surprisingly, the uptrend in the preceding week was foiled by the bears as the bulls failed to sustain the price above the $200 demand zone. Meanwhile, today BCH has moved up above the demand zone. Can the bulls sustain the upward move? In the previous analysis, BCH was trading at $205 and it was indicated that an urgent move must be taken or else BCH will go down. Expectantly, the bears took undue advantage and brought the pair to its low at $195.
Litecoin Plummets as Bulls Fail to Hold $42 Demand Zone
Jan 03, 2020 at 11:10
News
Litecoin Plummets as Bulls Fail to Hold $42 Demand Zone
Disappointingly, Litecoin has dropped to a low of $39 at the time of writing. In the previous analysis, it was stated categorically that if the support at $42 failed to hold, Litecoin will face another session of a downward move. The fact is that the pair made a remarkable move in the previous week to the high of $44 but was later repealed.
Ethereum Fails to Break $136 Demand Zone, May Face Further Selling Pressure
Jan 02, 2020 at 10:58
News
Ethereum Fails to Break $136 Demand Zone, May Face Further Selling Pressure
Regrettably, the bulls failed to jump over the hurdle at $136 after an initial positive move. Expectations were high as to the overcoming of the initial hurdle which will enable ETH to rise above $140. This will eventually lead to the previous larger price range. The price action has taken another dimension. After failing to break above $136, the market dropped to $130 low. The price pulled back and retested the $132 twice before resuming a downward move.
Bitcoin Cash Breaks above $203 Signaling That Buyers Are Making a Comeback
Jan 01, 2020 at 15:41
News
Bitcoin Cash Breaks above $203 Signaling That Buyers Are Making a Comeback
It is worthy to note that BCH had a remarkable run above $200 and that the bullish move is ongoing. Undoubtedly, it is probable for the coin to attain the $227 or $240 price levels. Hopefully, BCH has crossed into the former larger price range. There are no foreseeable barriers as the coin accomplishes the previous highs.
Ripple Is in a Range, Unrelenting to Break the Previous High
Dec 31, 2019 at 10:30
News
Ripple Is in a Range, Unrelenting to Break the Previous High
Ripple is moving up while trading in the $0.17 to $0.20 range. The bulls have consistently tested the $0.20 price level for the fifth time but are unable to break it. On each unsuccessful attempt, the market retraces and falls to the $0.18 support. One cogent reason for bulls’ inability to penetrate the $0.20 price level is because of a lack of demand at higher price levels.
Litecoin Recovers as Bulls Defend the $42 Demand Zone
Dec 31, 2019 at 09:38
News
Litecoin Recovers as Bulls Defend the $42 Demand Zone
Litecoin made a bold move as it traded into the range of between $42 and $50. In the previous week, the bulls impressively reached a high of $44 but were resisted. The coin retraced and found support at $42. Incidentally, the coin has come back to its original range to resume fluctuation. It is expected that the demand zone at $42 will hold, if it does, Litecoin will reach the high of $50 and break it.
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