Tag: analysis

ETH Stopped Falling

February 28, 2020 Crypto
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, February 28th, the emotional selling of the ETH has stopped, and the digital currency has got a chance for stabilization. It is generally trading around $227.23. On H4, the quotations have broken the Triangle downwards by a strong impulse and reached 38.2% Fibo. In the short term, there is a pullback going on. Current situation may be interpreted as an attempt …
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XRP Keeps Correcting

February 25, 2020 Crypto, News
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 25th, the XRP continues its correctional decline, trading at $0.2681. On D1, the wave of growth, having reached 50.0% Fibo, has changed to a decline. Currently, we may say that the quotations are coming back to test the broken long-term resistance line from above. The aim of the decline is the area around $0.2525. Also, we must account for the …
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ETH Stabilizing After Correction

February 21, 2020 Crypto, News
ETH Stabilizing After Correction
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, February 21st, emotional sales in the ETH have stopped. The digital currency is stabilizing around $260.75. On H4, the Ethereum demonstrates the development of a correctional phase shaped as a Triangle. The Triangle is forming around 61.8% Fibo in relation to the previous downtrend. Judging by the descending dynamics of the MACD, the market is preparing for a decline in the …
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XRP Price Analysis for February, 18th – XRP Falling Sped Down

February 18, 2020 Crypto, News
XRP Price Analysis for July 24th - XRP on a Pause
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Tuesday, February 18th, the XRP rate has stabilized after a series of declining. The cryptocurrency is generally trading at $0.2915. On H4, the quotations remain in the ascending channel. They have tested the support level of the channel, hinting on an attempt to form another impulse of growth to the mid-term target level 61.8% ($0.3795) Fibo. However, it should be noted that …
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