Connect with us

Amb Crypto

XRP, VeChain, Ethereum Classic Price Analysis: 24 January

Avatar

Published

on

XRP formed a bullish reversal pattern in the short-term but did not confirm a move to the upside yet. VeChain failed to reclaim the channel it was trading in and a rejection at the upper level opened the door for a possible drop. Ethereum Classic showed short-term strength from sellers but defended a level of support well.

XRP

XRP, VeChain, Ethereum Classic Price Analysis: 24 January

Source: XRP/USD on TradingView

XRP formed a descending broadening wedge as it fell to test the $0.25 support and bounced to the $0.275 mark, where it was trading at the time of writing. This pattern generally sees the trading volume move upward, but that has not been the case here, as the trading volume has in fact diminished.

The $0.28 region can be expected to serve as resistance to XRP in the short-term. The 1-hour chart showed that the RSI is rising above the neutral 50 – which is not yet a bullish development, as price first has to rise past the $0.28 mark and make a steady series of higher lows.

The wedge pattern generally sees the price reach the peak from where the price starts to descend – hence a move to the upside will target the $0.3-$0.31 for XRP.

VeChain [VET]

XRP, VeChain, Ethereum Classic Price Analysis: 24 January

Source: VET/USDT on TradingView

VeChain moved beneath the ascending channel and retested the vicinity of the lower boundary as resistance. The price was unable to move back within the channel (cyan) and appeared to trade sideways within the $0.0296-$0.0321 boundaries (white).

The Awesome Oscillator showed neutral momentum behind VET, while the trading volume was also low.

A move outside the sideways channel will likely decide the next direction for VET, with support at $0.0268 and resistance from the ascending channel’s lower boundary.

Ethereum Classic [ETC]

XRP, VeChain, Ethereum Classic Price Analysis: 24 January

Source: ETC/USDT on TradingView

ETC saw a candlewick touch the $6.6 level but did not close the trading session beneath the $7 level of support. This defense by the buyers gave some short-term bullish momentum as ETC rose to $7.64 – the MACD saw a bullish crossover and was on the verge of climbing above the zero line.

The $7.9-$8 region has rejected ETC bulls multiple times over the past two weeks- ETC bulls need to flip this region to one of demand in order to recover towards the $9.5 highs it made earlier this month.

Source: https://ambcrypto.com/xrp-vechain-ethereum-classic-price-analysis-24-january/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

Avatar

Published

on

Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

Continue Reading

Amb Crypto

FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

Avatar

Published

on

A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

Continue Reading

Amb Crypto

Why Mark Cuban is looking forward to Ethereum’s use cases

Avatar

Published

on

Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

Continue Reading

Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

Avatar

Published

on

Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

Continue Reading
Blockchain5 days ago

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Blockchain5 days ago

Dogecoin becomes the most popular cryptocurrency

Blockchain5 days ago

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

Blockchain5 days ago

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Blockchain5 days ago

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

Blockchain5 days ago

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

Blockchain4 days ago

Elrond & Reef Finance Team Up for Greater Connectivity & Liquidity

Big Data2 days ago

Online learning platform Coursera files for U.S. IPO

Blockchain4 days ago

SushiSwap Goes Multi-Chain after Fantom Deployment

Blockchain4 days ago

Here’s why Bitcoin could be heading towards $45,000

Blockchain5 days ago

Dogecoin price reclaims $0.050 as crypto firm supports DOGE at 1800 ATMs

Blockchain5 days ago

UK Budget Avoids Tax Hikes for Bitcoin Gains

Blockchain4 days ago

eToro and DS TECHEETAH Change Face of Sponsorship With Profit-Only Deal

Blockchain5 days ago

Calls for Bitcoin Breakout Above $50,000 Grow; 3 Reasons Why

Blockchain4 days ago

Ethereum’s price prospects: What you need to know

Blockchain4 days ago

Apple Pay Users Can Now Buy COTI Via Simplex

Blockchain3 days ago

Non-Fungible Tokens – NFT 101 – Why People are Spending Millions of Dollars for Crypto Art and Digital Items

Business Insider2 days ago

Wall Street people moves of the week: Here’s our rundown of promotions, exits, and hires at firms like Goldman Sachs, JPMorgan, and Third Point

Blockchain4 days ago

Tron Dapps Market Gets A Boost As Bridge Oracle All Set to Launch MainNet Soon

Blockchain4 days ago

TomoChain (TOMO) Increases after Retesting Previous All-Time High

Trending