February 13, 2018

Ethereum Price Technical Analysis – ETH/USD Remains Supported

Key Highlights

ETH price recently traded above the $860 level, but it failed to gain momentum against the US Dollar.
There was a break below a short term contracting triangle with support at $852 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair may decline a few points in the near term, but it remains supported above the $810 level.

Ethereum price is currently correcting lower against the US Dollar and bitcoin. ETH/USD remains supported on the downside near the $820 and $810 levels.

Ethereum Price Correction

There was a decent upside move in ETH price above the $850 level against the US Dollar. The price traded above the $860 level as well, but it failed to move past the $865 level. It faced tiny sell offers and started a downside correction from $865. It broke the 23.6% Fib retracement level of the last wave from the $768 low to $865 high. It seems like the price may decline a bit more towards $810, but it remains supported.

At the moment, the ETH/USD pair is attempting a close below a short term contracting triangle with support at $852 on the hourly chart. However, the 100 hourly simple moving average at $830 is acting as a support. If the price moves below the $830 support, the next major support is the 50% Fib retracement level of the last wave from the $768 low to $865 high at $817. The mentioned $817 support could stop the current decline and act as a buy zone. Moreover, the $810 level is also a decent support.

On the upside, the price has to move above the $865 and $890 levels to gain upside momentum in the near term.

Hourly MACD – The MACD is currently reducing its bullish zone and it could even move into the bearish zone.

Hourly RSI – The RSI is moving to and fro near the 50 level.

Major Support Level – $810

Major Resistance Level – $865

Charts courtesy – SimpleFX

Published at Tue, 13 Feb 2018 05:00:05 +0000

Analysis

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March 30, 2017

SpectroCoin Announces Altcoin Support for Bitcoin Debit Cards

Leading London-based bitcoin service provider SpectroCoin has rolled out a major update to its prepaid bitcoin debit card. Beginning March 2017, the SpectroCoin prepaid bitcoin debit card supports a total of 41 Cryptocurrencies.

[Note: This is a press release]

SpectroCoin entered the market three years ago with their bitcoin debit card, to help meet the everyday needs of bitcoin users. Since then the company has been working towards large-scale support for multiple currencies and an increased focus on expanding payment methods and services.

The SpectroCoin prepaid bitcoin debit card acts as a practical alternative to traditional fiat debit cards as they can offer the same flexibility. The bitcoin debit card can be used at any ATM or terminal that accepts VISA or MasterCard and is available in over 120 different countries across the globe. The service offers users a very attractive fee structure, with no loading fees, a monthly fee of $1.00 USD, and a cost of $9.00 USD for the physical debit card.

SpectroCoin’s new announcement follows the recently added support for popular cryptocurrency DASH. Users of SpectroCoin can now take advantage of the DASH wallet to send, receive payments and top-up their prepaid cards with the currency.

SpectroCoin also helps businesses to receive DASH payments from customers and receive the settlement in fiat currencies (USD/GBP/EUR), through the application of merchant APIs and shopping cart plugins. DASH solutions have gained a lot of traction in the recent days following an increase in adoption.

Users will now be able to choose from an extensive range of alternative currencies when they load their bitcoin debit cards via their SpectroCoin online wallets. Users will also be able to top up their SpectroCoin debit cards with their preferred cryptocurrency and use it at ATMs, pay vendors, or withdraw using any of the multiple available methods. Some of the popular altcoins supported by the new service include the likes of Ethereum, Monero, LiteCoin, ZCash, Auger and of course DASH.

SpectroCoin Finance Ltd is committed to developing innovations for electronic payments to meet the needs of a rapidly expanding industry. The company plans to monitor developments in the cryptocurrency industry while progressing the company’s mission to deploy more payment solutions and extend support to new currencies as the demand increases. The introduction of new altcoins is a huge step for SpectroCoin towards achieving its vision.

Images courtesy of SpectroCoin, AdobeStock

The post SpectroCoin Announces Altcoin Support for Bitcoin Debit Cards appeared first on Bitcoinist.com.

March 20, 2017

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