Bitcoin, Altcoins Are Vulnerable to New Lows, Fundstrat Warns Clients

Bitcoin, Altcoins Are Vulnerable to New Lows, Fundstrat Warns Clients

"Fundstrat is feeling bearish after analyzing cryptocurrency price trends, the firm suggested to clients"

_{Read more: cointelegraph.com}

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XRP Price Analysis – February 6

On the 4-hour chart, the XRP price is in the bearish trend zone. Yesterday, the bulls broke the 12-day EMA but were resisted by the 26-day EMA. This resulted in the crypto falling into the low of $0.29.

_{Read more: www.cryptoglobe.com}

XRP Price Analysis – February 7

On the 4-hour chart, the XRP price is in the bearish trend zone. On February 7, the crypto was in a bullish trend which was resisted by the 12-day EMA. Today, the XRP price is in a downward trend.

_{Read more: www.cryptoglobe.com}

Ethereum (ETH) Price Analysis – February 6

On the 1-hour chart, the price of Ethereum is in a sideways trend. On February 5, the crypto’s price was in a sideways trend; as the ETH price fluctuates above the $107 price level.

_{Read more: www.cryptoglobe.com}

Tron (TRX) Price Analysis – February 7

The cryptocurrency is in a range-bound market in its short-term outlook. $0.02550 in the demand area was the low of the day and $0.02688 in the supply area was the high attained.

_{Read more: www.cryptoglobe.com}

Other hot crypto news today

• Bitcoin Could Experience a Resurgence of Interest on Wall Street: JPMorgan Strategist
• Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App
• BCH-Powered Paybutton Launches in Pre-Release
• Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 6
• A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks
• Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies
• Market Overly-Focused on Ethereum’s Constantinople Hard Fork, Says Report
• NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation
• Major Swiss Stock Exchange SIX to Launch New Blockchain-Powered Digital Exchange

_{Follow me @cryptonized for the latest cryptocurrency news...}