DestinationMoonCrypto

DestinationMoonCrypto

Price Sharp bullish view faded away as well as anticipation of the 9000 – 10000 highs. 8500 appeared too much to handle for bulls, and after a week of lateral struggle and couple of negative drivers from SEC and South Korea, Bitcoin eventually dropped down to the cornerstone support 7600, which coincides with the 100-days EMA at this moment. Though this...

DestinationMoonCrypto

Coin of the day is Tron While TRXBTC continues to draw a bearish pattern already reaching its April lows, its famous CEO Justin Sun reveals the secret project, the was a huge part of the hype around the coin at the beginning of 2018. So, will it help the price to find a bottom or will Justin Sun just ruin BitTorrent for every pirate on the net :) Recap for...

DestinationMoonCrypto

Price The correction undergoes in a gradually-lowering pattern, fluctuating between lowering upper bound and supportive 7850 – 8000 zone. Till now the drawdowns below the 8000 level were bought back quickly, but still, the median of volumes comes closer to 8000 level by each day. Soon we will see if the price will take-off from the 8000 level to test 8200 and...

DestinationMoonCrypto

Price On Friday the price had almost restored its positions after the Thursday dive and spend the weekends in the narrow corridor trading around 8200 level. The Friday movement confirmed a stiffness of the 8000 support, also the fact that the price stays close to the upper resistance at 8500 makes more probable an upward rally if the market is triggered by the...

DestinationMoonCrypto

Price After repeated refusals of SEC to launch bitcoin-ETFs (today SEC disapproved BZX order), BTCUSD started a correctional movement from the 8500 level, not reaching to the awaited 9000-10000 area. For now, correction goes in the acceptable boundaries, for 6000 – 8500 growth such a correction is entirely permissible. As long as the price will hold above 7600...

DestinationMoonCrypto

Coin of the day is Stellar XLMBTC is back on track, showing bullish figures and going UP. Recap: Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based...

DestinationMoonCrypto

Price As was expected, the overbought market did not manage to break 8500 level and went into a mild correction, establishing supportive 8200 level, where most of the supply (profit-taking) and demand (rally pursuers) finds a consensus for the second day. 7600 – 8000 zone and an upcoming meeting with the Bullish Trend Line should support the uptrend rally...

DestinationMoonCrypto Updated 

Price BTCUSD is testing 8500 and aiming for the March hights at 8800. 9000-10000 zone should have a lot of selling orders for sure, especially considering the sharp growth from 6000 with almost no corrections, and 30% growth could be a good reason to take profits underneath the 10000. Nonetheless, this not denying eventual breakthrough of 10000 level, it just...

DestinationMoonCrypto

Coin of the day is EOS. EOSBTC has reached the strong technical support levels and gained positive support from Chinese Ratings once more. We are waiting for turnaround on current lows. Recent problems with mainnet launch and further controversy about EOS governance was holding the price in a downtrend. Recap: EOS was launched by Dan Larimer, who is also the...

DestinationMoonCrypto

Coin of the day is ZCash. One of the Altcoins that are showing growth during the BTC upward rally, which tends to oppress Altcoin prices across the markets. Zcash is one of the privacy-oriented coins forked from the Bitcoin Core, with its unique vision of selective transparency of transactions. The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn. Its...

DestinationMoonCrypto

Price After a short break, BTCUSD has gained enough support to continue its upward rally. On the current moment, the price reached the 8000 mark across almost all exchanges. For now, the rally stumbled on the 8000 resistance, though it is worth noticing that today's volumes peak lies on the 8000 level, which talks in favor of further growth or at least a foothold...

DestinationMoonCrypto Updated 

Coin of the day is Ripple Ripple was harmed badly after Coinbase ignore “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. Is it worth buying on lows? Recap: Ripple company classifies their product as a real-time gross settlement system (RTGS), currency exchange and remittance network. Also...

DestinationMoonCrypto

Price Bitcoin found 7300 level supportive at the beginning of the weekends and managed to take-off from this level and taking over 7600 level after a short roll-back on Sunday. Today volume distribution tends closer to 7650 price, which confirms the breakthrough of 7600. Winning over the 7600 level underly that the price has overcome a complex zone of 7500 level...

DestinationMoonCrypto

Price Second day in a lateral correction in 7300-7500 corridor. The fact that price still holds on to the 100-days EMA and does not go down talks in favor of bullish scenario and it is possible that soon we will see more attempts to go above 7600. 7300 is the support level for the bullish scenario, and 7600 is the closest resistance. A lot of analytics would...

DestinationMoonCrypto

Coin of the day is Stellar Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation. At the time of launch, Stellar was based on the Ripple protocol. After making several changes to critical...

DestinationMoonCrypto

Price Having tested the 7600 resistance, BTCUSD eventually plunged to 7300 level. The fact that the price did not slip to the 7000 level immediately after touching 7600 resistance indicates about soon attempts to test the 100-days EMA and 7600 resistances again; as long as the price will hold above 7300 we will stick to the bullish overview. In case of diving...

DestinationMoonCrypto

Coin of the day is Ardor Ardor showed a significant grow after Binance listing. Such a huge rise after a listing is not unexpected, but still higher than expected, and probably could be affiliated to extremely low prices of the coin. Recap: Ardor is a Blockchain-as-a-Service (BaaS) Platform owned by Barcelona-headquartered Jelurida that will allow businesses to...

DestinationMoonCrypto

Price Yesterday, during American trading session Bitcoin price pleased us with a strong leap upwards, breaking above 6800 and 7000 levels on the way. The upward movement stopped only at the 100-days EMA which at this time lies between 7400 and 7500. Today the price stays near the 100-days EMA, that leaves the possibility of the breakthrough above 100-days EMA...