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Themerklehash

Binance Coin Price Analysis - $16 Support Failed Relative Strength Index: The RSI is currently at a low 35 points. After dipping below the 30 points threshold twice in the past few hours, it's heading back down once again. If it stays above the 30 points threshold it will continue to drive the market down, if it crossed below the RSI will signal an oversold market and a rebound will ensue. Bollinger Bands: The price is still within range but is about to cross below the lower band. If that happens, there will be more pressure for a rebound upwards. Otherwise, the BBs diverge further giving the price more room to fall. Volume: There is a relatively low amount of volume for the amount of action we are seeing. That means the market shouldn't move too much at this point. However, at the same time if the price deviates enough, volume picks up extremely quickly. Binance Coin (BNB) Price Prediction The RSI and Bollinger Bands are not showing great signs as of right now. While we did have a brief moment to breathe, markets are toppling down once again. It looks like we might see another 5% correction downwards at least until the technical indicators can signal a rebound. My prediction is that Binance will touch $15.5 before rebounding back up. It's important to keep in mind that Bitcoin is the leader for this collapse so if BTC continues to fall so will BNB. Read Full BNB Price Analysis: The Merkle Hash
by nulltxmark
XRP Price Analysis - SEC Lawsuit Creates Bearish PressureRelative Strength Index: The RSI is currently at a healthy 41 points. This means the market is neither overbought or oversold, meaning most likely XRP will continue trading sideways for the next day. Bollinger Bands: The price is within the bands' range, however it's below the MA which means that there is slight room for upwards correction. Volume: There is a good amount of volume, even for the weekend which is surprising. This means that the market has enough power to make some moves in either direction. XRP Price Prediction Both the RSI and Bollinger Bands are signalling a sideways market. However, the volume tells us that movement in either direction is not unlikely. Combine the above signals with the bearish news about the XRP lawsuit and the most likely scenario is more bearish momentum in the coming days. XRP has massive support at the $0.26 level, so my prediction is that XRP will touch that point sometime next week, and depending on any more news regarding the SEC lawsuit XRP will either rebound upwards or continue trading at that support level. I don't see XRP dipping below $0.26 unless the SEC decides it's a Security. Read Full Analysis : themerkle.com
BITSTAMP:XRPUSDShort
by nulltxmark
EOS Price Analysis 9/8/19 - Double Top Relative Strength Index: The RSI at the time of writing is at a high 62 points. It just recently tipped over the 70 point threshold into the overbought market territory, rebounding shortly after. Bollinger Bands: As the price increased rapidly it crossed over the upper band, which caused the sharp rebound. Now that the price is within the range once again, it will be looking to stabilize. Volume: There is quite a bit of volume for EOS right now, more so than for ETH or BTC (relatively speaking of course). This means that the market is alive and a sharp move in the near term wouldn't be out of the question. EOS Price Prediction While we have been seeing some exciting bullish momentum for EOS, an unfortunate pattern has just unfolded - a double top. A double top is an extremely bearish sign which forms when an asset has reached a high point two times in a short period of time with a decline in between. While the second top for EOS was slightly higher than the first, there was quite a decline in between. No chart is perfect, but this pattern should be taken into account. If you're planning on entering a position, I would proceed with caution. My prediction for EOS' price is that it will respect the double top and retrace down to $3.5 where it's comfortable. If Bitcoin decides to wake up, then EOS could harness enough power to make another bull run. Read More : EOS Price Analysis
BINANCE:EOSUSDShort
by nulltxmark
Ethereum Price Analysis and Prediction for September 8th 2019 Relative Strength Index: The RSI at the time of writing is at a healthy 51 points, this means the market is healthy and has enough strength to make moves in either direction. Unfortunately, since RSI's previous action was bullish, we might see a slight dip below 40 points which might cause a retracement on the market. Bollinger Bands: The price is currently within the upper and lower bollinger bands range, however we can see its approaching the lower band and could cross over slightly before rebounding. Volume: After the bull run earlier today when the price hit $180, the volume at the time of writing is very minimal. This is again to be expected since its the weekend. Ethereum Price Prediction In yesterday's  Ethereum price prediction , I said: "Most likely the price will retrace slightly towards the MA line and harness power at that level for the next move." While I was wrong about the market retracing, I was right about Ethereum harnessing power for its next move. I definitely didn't expect a test of $180 during the weekend, but that's the beauty of crypto markets - they are active 24/7. For my next price prediction, let's take a look at the indicators. The RSI is telling us that the market is healthy and has enough strength for another move, Bollinger Bands are telling us that the market wants to start trading sideways but there is slight bearish pressure. Finally, the volume is telling us that market action will be sporadic and unexpected - at least during the weekend. According to the above indicators, my prediction is that Ethereum will attempt to hold the current support at the $178 level. ETH/USD might touch $180 a few more times, but it's going to be hard to establish support at that level. If the current support can hold through Sunday, I would expect more bullish momentum, even if Bitcoin doesn't perform that well. I'm also anticipating a slight decoupling of ETH from BTC as the community is gearing up for Ethereum's 2.0 launch. Exciting times ahead for Ethereum, so if you don't want to feel any FOMO make sure you keep a close eye on the price and set your targets. Read More: Ethereum price analysis
BITSTAMP:ETHUSDLong
by nulltxmark
EOS Price Analysis and Prediction for September 6th, 2019 Relative Strength Index: The RSI is currently at a healthy 54 points. This means the market is stable, yet has enough power to make a move again. We’ve see the RSI hover above the 50 range for quite some time, meaning the market does want to make a move. Bollinger Bands: The price did touch the lower band earlier and quickly rebounded to the MA line, where its at now. If the RSI keeps rising we should see the price test the upper bollinger band and potentially test the $3.3 resistance. Volume: The volume is actually relatively impressive given the sideways trading. There’s quite a bit of volume and I’m surprised the market hasn’t moved more. EOS Price Prediction My opinion is that EOS will see some positive momentum in the coming hours. Since Bitcoin is on a bull run right now, altcoins are bound to follow. While altcoin season has been quite bad lately, EOS has been doing a relatively good job staying stable. The current price of $3.2 has a long history for EOS so the support at that point is solid. If Bitcoin pumps high enough, I believe EOS will follow. Read More: EOS Price Analysis 9/6/19
BINANCE:EOSUSDLong
by nulltxmark