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Chainlink, Monero, Ethereum Classic Price Analysis: 25 January

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Chainlink surged past $24 but displayed bearish divergence, which could see LINK pullback to around $22. Monero struggled to recover from the past few weeks’ selling pressure while Ethereum Classic rose toward the $8 level of resistance once more.

Chainlink [LINK]

Chainlink, Monero, Ethereum Classic Price Analysis: 25 January

Source: LINK/USD on TradingView

LINK breached its previous ATH at $20 two weeks ago to surge to $22.3 and required multiple attempts to climb past the highlighted region of supply.

The region from $21.4 to $22.3 was flipped to one of demand over the past few days and can be expected to halt the bearish pressure. The $19.8 level would be the next level of support should the $22 region fail to halt the bears.

While the momentum was strongly bullish, and the 1:1 Gann fan line acted as support, there was a bearish divergence between price and momentum- LINK made higher highs while RSI made lower highs.

Monero [XMR]

Chainlink, Monero, Ethereum Classic Price Analysis: 25 January

Source: XMR/USDT on TradingView

XMR has been trending lower on the charts since it surged to $190 earlier this month. Using the Fibonacci Retracement tool, some levels of resistance to the upside were plotted for XMR.

The 50% level at $152 is the most important level for XMR to flip to support in order for a price recovery. At the time of writing, the short-term momentum was neutral. The long-term outlook was still bullish – as XMR defended the $115 and $130 levels of support strongly over the past two months.

The OBV for the past few days has been trending higher, but also highlights the persistent selling pressure over the past two weeks.

Important levels of support for XMR are $135 and $130 over the next few hours, while the 38.2% retracement level at $144 will offer resistance.

Ethereum Classic [ETC]

Chainlink, Monero, Ethereum Classic Price Analysis: 25 January

Source: ETC/USDT on TradingView

The $8 region has been one of stubborn resistance for ETC over the past two weeks. While the MACD showed rising bullish momentum, the trading volume remained more or less equal to what it had been over the past two weeks.

As ETC approaches $8, trading volume needs to pick up to signal a possible breakout. A move to the upside on low volume would likely be reversed by sellers.

The $7.4 and $7 levels are likely to offer support to ETC should it be rejected at the resistance.

Source: https://ambcrypto.com/chainlink-monero-ethereum-classic-price-analysis-25-january/

Amb Crypto

3 types of bitcoin investors that ‘should be concerning to central banks’

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With 106 million global crypto users as of January 2021 and a crypto population that has now surpassed 100 million, a financial expert noted that central banks must now be wary of certain crypto investors. In a new seminar held by the University of Pennsylvania’s Wharton School, part-time professor, Mohamed El-Erian, who is also Chief […] Source: https://ambcrypto.com/3-types-of-bitcoin-investors-that-should-be-concerning-to-central-banks/

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Amb Crypto

150,000 bitcoins in question: Mt. Gox creditors to vote on draft compensation plan

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Now defunct crypto exchange Mt Gox’s appointed trustee, Nobuaki Kobayashi, revealed that the Tokyo District Court has not found any grounds for disapproving a previously submitted draft rehabilitation plan. According to the latest update posted on 25 February, the court approved a repayment process schedule that Attorney Kobayashi proposed. According to the schedule, the trustee […] Source: https://ambcrypto.com/150000-bitcoins-in-question-mt-gox-creditors-to-vote-on-draft-compensation-plan/

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Why Coinbase will maintain its investment in Bitcoin?

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Crypto exchange Coinbase has held Bitcoin and other crypto assets on its balance sheet since the firm’s inception in 2012. Head of Institutional Sales, Trading, Custody, and Prime Services at Coinbase, Brett Tejpaul, revealed this in a blog today. He said that the firm intends to maintain an investment in digital assets due to the […] Source: https://ambcrypto.com/why-coinbase-will-maintain-its-investment-in-bitcoin/

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Amb Crypto

XRP Price Analysis: 25 February

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XRP formed a bullish pattern on the charts but was quite negatively impacted by Bitcoin’s tumble of the past few days. News surrounding the SEC lawsuit has not been positive lately either- Moneygram, the US-based money transfer company, recently suspended its partnership with Ripple Labs, citing the ongoing litigation with the SEC. XRP 12-hour chart […] Source: https://ambcrypto.com/xrp-price-analysis-25-february/

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