- Ripple gathers small momentum to the upside, which may simply be the bears taking a break from the selling pressure.
- XRP/USD continues to falter within the $0.55-56 region, as move to the upside lacks commitment.
- Price has broken a near-term supporting trend line, with a return to the $0.51 being a possibility.
XRP/USD 30-minute chart
Spot rate: 0.5403
Relative change: +2.06%
Resistance 1: 0.5440, (resistance on 60-minute chart).
Resistance 2: 0.5500, supply zone.
Resistance 3: 0.5619, 13th June high.
Support 1: 0.5345, 50MA.
Support 2: 0.5197, (support on 60-minute chart).
Support 3: 0.5041, 13th June low & (support on 60-minute chart)
EOS Technical Analysis: AUGUST 20, 2018
EOS Technical Analysis
From the News
- Huobi Global resumes EOS withdrawal after earlier suspension citing insufficient CPU resources.
— Huobi Global (@HuobiGlobal) August 19, 2018
Two days after the conclusion of that three-bar reversal pattern we mentioned in our last EOS trade plan, upsides are unexpectedly limited.
Notice that EOS prices are still consolidating inside Aug 17 bullish engulfing high low but are likely to edge higher this week providing opportunities for short traders to load up positions at $7, our immediate resistance line and previous break out level.
Remember, despite these higher highs, bears are overwhelmingly in charge considering the last two or three months trend.
Crypto News Flash: Bitcoin (BTC), Ethereum (ETH), Ripple and XRP, VeChain (VET), Cardano (ADA), IOTA
From Bitcoin’s expansion in North America to a new crypto conference on Capitol Hill, here’s a look at some of the stories happening in the world of crypto.
Bitcoin (BTC) and Ethereum (ETH)
Square’s Cash App now supports Bitcoin in all 50 states across the US, which means all 33.5 million users can now use the platform to buy and sell BTC.
Meanwhile, a new partnership is bringing more than a million people to a zero-fee trading platform for Bitcoin and Ethereum. The new pact brings BRD’s 1.2 million customers to Canada’s crypto trading platform Coinberry.
— Coinberry (@coinberryio) August 15, 2018
Ripple and XRP
Republican Congressman Warren Davidson has invited Ripple and 32 leaders in the crypto space to talk about ICO regulations. The list of invites includes NASDAQ, Kraken, CME Group, Circle and Intercontinental Exchange (ICE), which is forming Bakkt, a new crypto trading platform.
The meeting is scheduled to happen on Capitol Hill on September 25th.
Cardano has released its latest weekly. Th report highlights progress on the platform’s IELE testnet and Daedalus wallet. The company has also listed new job openings.
The latest Cardano Weekly Technical report by IOHK is out! You can have a look here: https://t.co/1t8Cadr8Yq
— Cardano Foundation (@CardanoStiftung) August 17, 2018
IOTA’s lead developer has dropped a new update on IOTA’s Trinity wallet, announcing that the desktop release is on the horizon.
VeChain CEO Sunny Lu is gearing up for a Q&A. The YouTube link is already live, with the session scheduled for 6:00 a.m. PST Monday.
EOS price analysis: Trapped in a triangle; some time before a breakout
- EOS stuck in a triangle on the medium term chart.
- Retraces from upper end.
EOS is stuck in a triangle that is slopinhg on the downside and the price has started retracing from upper end of the triangle on the medium term chart, although it is still some time before the breakout of this traingle occurs.
EOS/USD is up nearly 3 percent at $5.07 just around high point of the day. On the 480-minute chart, this crypto has got itself stuck in a downward sloping channel and the price is retracing from the upper end of the triangle.
Next move is on the downside where the lower end of the triangle will come at the rescue and then comes probably a breakout point – most likely on the upside.
EOS/USD 480-minute chart: