Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
The recent price surge has also now allowed Bitcoin to make further headlines as research from Binance has recently pointed out that Bitcoin is the best performing asset class of 2019.
Bitcoin Cash has recently managed to penetrate above the $400 level after a further 3.34% price increase over the past 24 hours of trading. The cryptocurrency has since fallen slightly below $400 and is now trading around the $397 level, however, Bitcoin Cash has seen an extraordinary price surge which totals 38.71% over the past 7 trading days alone.
Ripple has finally seen a price break over the past 7 trading days which amounts to an increase of 41%, bringing the current trading price for the coin up to around $0.4217. The cryptocurrency has also seen a further 7.57% price increase over the past 24 hours of trading, allowing the Ripple market to climb further higher away from the $0.40 level.
The Bitcoin price pump continues to climb further higher over the previous 24-hour trading session when BTC/USD rose by a total of 2.57%, bringing the price for the cryptocurrency above the $6,000 resistance level to the $6,017 area. Bitcoin has now seen a 10.93% price increase over the past week alone with a further 75% price increase over the past 90 trading days.
Basic Attention Coin has seen a rough 24 hour period where price action has fallen by 10%. The market is currently trading at a price of around $0.3961. Despite the recent decline, BAT has seen a superb price increase over the past 30 days which totals over 70%. Furthermore, BAT has seen an extremely impressive 90 day run in which the coin has increased by over 200%.
Bitcoin Cash has enjoyed another surge recently, outperforming the rest of the crypto top 10.
The Bitcoin price increase continues after another 3.5% increase over the past 24 hours of trading. The market is now trading at around $5,430 after seeing an impressive 36% price surge over the past 30 days.
Litecoin has seen some resistance around the $97 level, which has caused the market to retrace slightly into the $88 support level. Despite the 2% price decline experienced over the past day or 2, the Litecoin market is still up by a total of 25% over the past week and is up by 53% over the past 30 days.
In our previous Bitcoin analysis, we had highlighted that the market had broken above the 100-day moving average and a long term descending trend line. It has appeared that this proved to be a strong catalyst as the market then continued to surge above the $5,000 level over the following days.
Taking a look at the XRP/USD market, we can clearly see that Ripple had been trading within the highlighted ascending price channel since the start of February 2019. However, over the past week, the market dropped beneath the price channel, causing XRP to fall into the support at the $0.30 level.
