BTC/USD technical analysis: OBV indicator shows uptrend volume is wearing thin BTC/USD is trading 0.32% lower today after the price/volume looks like its struggling to push the BTC/USD price higher. On the 30-minute chart above as the price makes higher highs and then consolidates between 10,400-800 and you can see the On Balance Volume (OBV) indicator move lower. The OBV indicator is a great tool for measuring the momentum for a move. Traditionally of the indicator keeps moving higher as the uptrend develops you can see the market get behind the move and the trend will continue to rally. There are obviously exceptions to the rule when all of a sudden big buying volume comes in but more often than not it does work. Ethereum market update: ETH/USD breaks trendline support in fresh declines The narrative, “Ethereum (ETH) has bottomed but will soon recover” is a whole lot more complicated. At press time, ETH is valued at $172.72 after a breakdown at $175. The one-hour chart shows that the bears and bulls are engaged in a head-on war, expecting more downside movement. On Wednesday, the legendary venture capitalist Fred Wilson came out with his latest blog on cryptocurrency market named “Some Thoughts On Crypto,” but had to revise his earlier bullish opinion on Ethereum. Back in 2017, Wilson had suggested that the market capitalization of ETH will bypass the market capitalization for Bitcoin (BTC) and eventually be worth more per coin. The downtrend experienced by ETH in the past two years coupled with challenges facing the network has warranted a revision of his earlier opinions. Ripple’s XRP technical analysis: XRP/USD breakout is imminent Ripple’s XRP price on Thursday is trading in the red, down some 0.40%. XRP/USD price action continues to narrow, remaining in consolidation mode, moving within a bearish pennant structure. Buyers are heavily trying the defend the $0.2500 mark, failure to do so could open the door to a strong wave of selling pressure. Should the bears force a breach the narrowing conditions, then the next major demand zone is seen down at $0.2000. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Wall Street cheers promising US data and trade headlines FX Street 4 years BTC/USD technical analysis: OBV indicator shows uptrend volume is wearing thin BTC/USD is trading 0.32% lower today after the price/volume looks like its struggling to push the BTC/USD price higher. On the 30-minute chart above as the price makes higher highs and then consolidates between 10,400-800 and you can see the On Balance Volume (OBV) indicator move lower. The OBV indicator is a great tool for measuring the momentum for a move. Traditionally of the indicator keeps moving higher as the uptrend develops you can see the market get behind the move and the trend will continue to rally.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
