Crypto Signals

2021-06-24 14:30:07 Bitcoin to Hit $25,000 at GBTC Unlocking: JP Morgan

Despite having recovered decently from its recent crash, JP Morgan strategists believe that Bitcoin (BTC) still has a bearish gap to fill. In their latest memo detailing the performance of Bitcoin, the strategists highlighted the upcoming GBTC unlocking as a bearish event for BTC and that it could send the cryptocurrency to $25,000.

The JPM strategists continue to put forward erratic predictions for the primary cryptocurrency. They have gone from predicting a six-digit price tag for BTC by the end of the year to several apocalyptic scenarios.

However, they have remained consistent in their predictions about the role of Grayscale in Bitcoin. Earlier this year, the strategists warned that Bitcoin could suffer a significant correction due to a decline in investment inflows into the…


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2021-06-24 08:50:02 Litecoin (LTC/USD) Struggles Making Upswings

Litecoin Price Prediction – June 23

The market operation of LTC/USD has recorded a huge drawdown that has now led the crypto into a struggling situation to regain its worth as being traded with the US fiat currency. Price is currently trading around $130 at a rate of about 9.04 percent.

LTC/USD Market

Key Levels:

Resistance levels: $150, $200, $250

Support levels: $100, $90, $80

A bullish candlestick is now in the forming from a notable depth of trading zone as it is depicted on the LTC/USD daily chart. The current main resistance is at the level of $150 that the bearish trend-line drew downward across the SMAs to place a mark upon. The 14-day SMA trend-line is situated underneath the 50-day SMA indicator. And, they are both found around the points of $200 and $150. The Stochastic Oscillators are in the…


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2021-06-23 16:26:19 Capital.com DeFi Signal Synthetix (SNXUSD) Trade Signal (INTRADAY) Instrument: SNX/USD Order: Sell Limit Entry Price: $ 7.276 Stop: $ 8.489 Target: $ 3.600 Recommended Risk: 1% RRR:1:3 NB: This signal will become invalid if not triggered within 10 hours.… Open / Comment

2021-06-23 14:06:32 Dogecoin Rebounds as Investors Anticipate Positive News from Canada

Dogecoin (DOGE), along with most of the cryptocurrency market, has recorded a decent rebound following the debilitating crash recorded over the past few days. At press time, DOGE trades at the $0.2130 level and is up by about 14%.

This rebound comes after dropping by over 40% over the past 48hours, recording a two-month low at $0.1632 yesterday.

One of Dogecoin’s most prominent promoters, Elon Musk, took to Twitter yesterday to try and cushion the fall in his beloved meme coin with some tweets. Musk responded to a tweet concurring that the testnet of the fee reduction code would mark a significant upgrade in the blockchain network.

However, Musk’s tweet came under immediate fire from members of the DOGE community, who criticized the billionaire for igniting the rot the…


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2021-06-23 11:02:55 Capital.com DeFi Signal

Synthetix (SNXUSD) Trade Signal (INTRADAY)

Instrument: SNX/USD
Order: Sell Limit
Entry Price: $ 7.276
Stop: $ 8.489
Target: $ 3.600
Recommended Risk: 1%
RRR:1:3

NB: This signal will become invalid if not triggered within 10 hours.

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2021-06-23 10:57:54 https://cryptosignals.org/crypto/synthetix-snxusd-is-set-to-leap-down-from-its-parallel-channel-mid-line/ Open / Comment

2021-06-22 20:30:11 Ripple (XRP) Resumes Selling Pressure as Bears Break the $0.65 Support

Ripple (XRP) Long-Term Analysis: Bearish

Ripple’s (XRP) price has resumed selling pressure as price breaks below the previous low at $0.65. On May 23, Ripple attained the $0.65 low when it fell to the previous low. The bulls bought the dips as the market resumes upward. The upward move was short-lived as XRP was repelled at the $1.10 resistance. The crypto fell and resumed a range-bound move between $0.80 and $1.10. On June 18, the bears broke the $0.80 support and resumed a downward move.

Ripple (XRP) Indicator Analysis

XRP is at level 27 of the Relative Strength Index period 14. Ripple has fallen into the oversold region of the market. It indicates that the selling pressure is reaching bearish exhaustion. Ripple price bars are still below the 21-day and the 50-day SMAs which suggests that the…


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2021-06-22 18:06:20 Manually stop out of the UMAUSD short now with +670 pips Open / Comment

2021-06-22 13:34:30 Bitcoin Slumps Following Ban from the Agricultural Bank of China

The third-largest bank in China has published a statement detailing a complete ban prohibiting its customers from facilitating Bitcoin (BTC) and cryptocurrency transactions. Notably, the Agricultural Bank of China is also one of the largest banks in the world.

The bank noted that customers’ accounts would get immediately suspended on the discovery that it facilitated Bitcoin or cryptocurrency transactions. The bank also revealed that defaulting or suspicious transactions will get reported to the relevant authorities swiftly.

This new development aligns with the Chinese government’s anti-crypto stance and its efforts to clamp down on decentralized crypto use in the country. While China’s official ban on BTC within its borders has endured for about a decade now, the…


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