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Neo (NEO) Plummets Below $8.5 due to Intraday Volatility


NEO, at the time of penning down this analysis, was drawing an uptrend on the 4-hourly chart, hitting above the 20-day Bollinger Bands NEO/USD retains support from the 50-day and 200-day daily moving averages after the price rose above $7.5 As per the laid 20-day Bollinger Bands, the volatility...

How Have Petro Prices Stayed Stable While Crude Oil Falls Below USD 0?


The coronavirus pandemic has wrought financial chaos for all sorts of assets and commodities – including a massive crypto dip and plummeting oil prices. But with a barrel of crude diving into the negative zone earlier this week before recovering – a crypto-related mystery is developing. How is that...

Bitcoin (BTC) Turns Down Below $7k Yet Appears Bullish


Bitcoin, at the time of writing, was trading below $7k after experiencing an intraday bearish hit and therefore fails to retain support from 50-day and 200-day MA A bearish wedge will be, however, confirmed if BTC price does not make a quick rebound It was just in the past 24 hours when the price...

Bitcoin And Altcoins Stay Below Key Hurdles


After tagging the USD 6,550 support area, bitcoin price started an upside correction. BTC/USD is up more than 3% and it is now trading above USD 6,750. However, the price is still below many key hurdles near USD 6,850, USD 7,000 and USD 7,200. Similarly, most major altcoins are currently (08:30...

Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000


The founder of the Silk Road marketplace, Ross Ulbricht, has published another analysis that attempts to predict the price of bitcoin. Ulbricht started sharing his price examinations last December and he leveraged the patterns of Elliott Wave theory to bolster his forecast. Also read: Bitcoin...

Bitcoin Below USD 7,000 Again, Altcoins Struggling to Recover


In the past 3-4 days, there was an increase in selling pressure on bitcoin after it broke the USD 7,200 support area. BTC/USD traded below the USD 6,850 support and it could continue to move down towards the USD 6,550 and USD 6,200 support levels in the near term. Similarly, almost all major...

Bitcoin Drops Below USD 7,000, Altcoins Follow


After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down. Similarly, most major...

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