Author: Dmitriy Gurkovskiy

Ethereum Price Analysis for November 29th – Good News: ETH Stopped Falling

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, November 29th, the ETH price had stabilized. The cryptocurrency is generally trading at $152.84. On H4, the ETH/USD pair is developing the general downtrend. We are witnessing a correctional phase. After a convergence, the signal lines of the MACD have formed a Gold Cross and are now moving to cross the zero line which signals the birth of a short-term uptrend. …
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EOS Price Analysis for November 26th – EOS Seeks Restoration

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, November 26th, EOS is trying to stabilize and restore its positions after the previous fall. It is chiefly trading at $2.59. On D1, the EOS/USD pair is trading inside the mid-term channel. Currently, the price may correct upwards to $2.95. After that, the descending channel will keep forming as the price will decline to $1.95. The idea of the correction is …
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XRP Price Analysis for November 22th – XRP Decline Won’t Stop

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, November 22nd, the XRP keeps declining, trading at the minimum since September 30th — $0.2395. On H4, XRP/USD demonstrates the development of a downtrend after a test of the long-term resistance level. The aim of the current trend is the fractal minimum of $0.2100. We should especially note the dynamics of the MACD which is forming a convergence. In our case, …
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Stellar (XLM) Keeps Declining

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On November 19th, the XLM keeps decreasing in price, generally trading at $0.0657. On D1, the XLM/USD quotations have broken out the resistance line of the long-term channel. The breakout was quite confident but now the prices are forming an impulse of decline to the local support near $0.0626. A breakout of this level may let the quotations fall to $0.0440. The resistance …
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