XRP USD UPDATE On our last comprehensive breakdown of XRP USD on the 15th of January, we stated that after a break of 0.25$, we would long to the 0.31$ resistance level. Now, I also stated that it was fine to long from 0.23$ if you were feeling brave and to also place stops at 0.21$. However, I insisted that it was safer to long after a break of 0.25$ and some...
ETH USD UPDATE Our last comprehensive breakdown of ETH USD was posted on posted on the 15th of January and we outlined that after a break above the 175$ resistance level, we should expect price to rise to 199$ and 230$ respectively. We gave another interim update on the 21st of January advising those that had entered the ETH long position after spikes to 180$...
Crypto-AST XBT/USD Weekly Breakdown - 27/01/2020 Daily chart - XBT is the bearish price leader, while BTC (finex) is the bullish price leader in the market. This means that we will often see early bearish warning signs in the market, first and foremost on the Bitmex exchange. - Reviewing our daily chart for XBT, we can see that EMA 200 support lays at 8200$ and...
Crypto-AST BTC/USD Weekly Breakdown - 27/01/2020 Daily chart - On our last major breakdown of BTC/USD, we noted that we should expect bullish price action on BTC to the 9200$ zone and after brief consolidation at this price, we would go on to the 9400$ price level. We also noted that in terms of the bigger picture, we expected BTC to finally ascend to the 10218$...
Crypto-AST ETH/USD Breakdown - 15/01/2020 Daily chart - ETH found support at 116$ and is now trading at 165$ just below the EMA 200 resistance at 175$ on the daily. This price level is also a resistance price level now because before it was a supporting price level and as we know, once supports are broken they turn into resistances. We have used MA’s as support...
BTC/USD Bullish scenario In our analysis of the market yesterday, we stated that if the supporting trend line was broken to the downside, our bearish scenario would come into play. I gave the suggestion that we would most likely be seeing spikes to 8300$ before any bearish activity had started but I had failed to mention the obvious bullish scenario, if we broke...
Crypto-AST XRP/USD Breakdown - 15/01/2020 Daily chart - On the price chart, we can see that XRP is just below main resistance region of 0.25$. This price level was previously a support zone but as we know, once supports are broken they become ceilings. It is extremely difficult for XRP to now break upwards of this level and if this occurs this is a good...
Crypto-AST BTC/USD Breakdown - 13/01/2020 DAILY CHART - There is somewhat of a descending wedge on the wider scale of the daily chart with higher lows created at 19533$, 13093$ and 10523$ respectively. It is also important to point out that our fan structure (light blue lines indicated on chart) which has previously been used as support was broken through and...