Crypto News 

Price Analysis 11/12: BTC and These 9 Cryptos Set to Resume Downtrend

“A break above $7,085.80 can carry the price to the downtrend line where we anticipate the bears to mount stiff resistance” writes Rakesh Upadhyay for cointelegraph.com. If the bears sink the price below the support at $42.0599, the LTC/USD pair will resume the downtrend, with the next support at $36.However, if the bulls can push the price above the downtrend line and sustain it, we anticipate a rally to $10,360.89.If the bears succeed in breaking below the support at $0.051014, the XLM/USD pair will resume its downtrend.Conversely, if the bulls…

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Crypto News 

Ripple Ripe for 17% Dump After Key Supports Give Way

“The chart shows three key levels that led to the current ripple price plummet: $0.80, $0.50, and $0.30” writes Kiril Nikolaev for ccn.com. That’s a nosedive of over 17 percent from the current XRP price.Therefore, the best-case scenario for the ripple price is that it range trades between $0.19 and $0.30.The cryptocurrency has been giving up so many key support areas that a widely-followed trader sees a massive dump on the horizon. Source: ccn.com

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News 

Tron Price Analysis: Back In Downtrend, $0.0150 Holds Key

“TRX price is now trading well below $0.0184 and it could continue to slide towards $0.0150 in the near term” writes Aayush Jindal for livebitcoinnews.com. Moreover, TRX price climbed above the $0.0200 resistance and settled above the 55 simple moving average (4-hours).The chart indicates that TRX price is gaining bearish momentum below the $0.0175 level.TRX price broke the main $0.0184 support area to enter a bearish zone. Source: livebitcoinnews.com

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Crypto Markets News 

Bitcoin Price Risks Falling Under $8.4K If the Bulls Don’t Step Up Now

“For example, $9,050 was broken as support, which caused the price to drop to the next support level at $8,700” writes Micha L Van for cointelegraph.com. Alongside with a drop below the crucial moving averages, the price of Bitcoin wasn’t able to break the downward trendline.Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Source: cointelegraph.com

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Crypto News 

What Is VeChain and Why Did it Pump 65% This Month?

“Traders might prefer to look for a long entry in that zone or play the breakout if VeChain flips the 0.00000080 (sats) zone as support” writes Micha L Van for cointelegraph.com. A regular breakout of the downtrend, including a retest at 0.00000041 Satoshis (sats) before the break upwards to 0.00000062 (sats), the next target.Similar to the breakout of the downtrend, a falling wedge pattern with bullish divergences marked the bottom during August and September of 2019. Source: cointelegraph.com

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Crypto News 

Price Analysis 09/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

“The leading cryptocurrency is likely to hit a wall at the downtrend line, from where it might enter a minor correction” writes Rakesh Upadhyay for cointelegraph.com. EOS has risen above $3.1534 and is attempting to rise above the downtrend line, which is an important level to watch out for.If the bulls can push the price above the downtrend line, it will signal a likely change in trend. Source: cointelegraph.com

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Markets News Stocks 

The drop in Treasury yields after retail sales highlights the downtrend

“The optimism in stock markets in the past month hasn’t spilled over to the Treasury market” reports forexlive.com. That isn’t really a surprise given that the dovish shift from the Fed is the driver for most of the stock market gains.Watch that downtrend resistance that as underscored again today by the drop in yields after retail sales.That could prompt another test of 2.61%, which was the low this month and a potential drop back down to the January low. Souring trade talks and more poor economic data would doom this…

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Markets News Stocks 

This stock, up 155% from its low, has more room to run, technician says

“Its 50-day and 200-day moving averages have also begun to turn upward, indicating a downtrend reversal” writes unknown author for cnbc.com. “From my perspective, it looks like a great downtrend reversal in the making,” Johnson said Wednesday on CNBC’s “Trading Nation.”. However, the extreme moves have Tepper hesitant to get behind AMD stock.”Look at the downtrend reversal, the great support that’s come into play.Craig Johnson, chief market technician at Piper Jaffray, says its trading pattern over the last four months has made a bullish case for the stock. Source: cnbc.com

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News Stocks 

GE’s stock surges into correction territory of long-term downtrend

“The stock was the biggest gainer among components of both the SPDR Industrial Select Sector ETF XLI, +1.00% and the S&P 500” writes Reporter Editor for marketwatch.com. The stock was still down 40.6% over the past three months, while the industrial ETF has lost 19.6% and the S&P 500 has declined 12.0%.The stock has now run up 12% since it closed last Wednesday at $6.71, the lowest levels since March 2009; many chart watchers define a correction of a downtrend as rise of 10% to up to 20% off a…

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News 

Top technical analyst says charts are flashing a warning sign for the retail rally

“However, Carter Worth, head of technical analysis at Cornerstone Macro, says something in the charts suggests retail may be heading for a breakdown” writes David A for cnbc.com. The XRT retail ETF, which tracks the space, has ripped higher this year, up more than 13 percent compared with the S&P 500’s 10 percent gain in the same time frame.Retail stocks are on fire this year, but one top technical analyst says it may be time for investors to check out of the group.”What’s really important is every single time we’ve…

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