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Tag Archives: Technical

XRP Technical Analysis

Ripple the company and XRP the native coin within the RTXP protocol is having it rough from both planes—fundamentally and technically. Week over week, it is down 40 percent and shedding more than 85 percent from Dec 2017 peaks. If it continues this way—and specifically if the SEC says the coin is a security–then we might see XRP printing 2 ...

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Ethereum (ETH) Technical Analysis

All in all, Ethereum (ETH) bears are in charge as the last two week’s price action clearly shows. However, this is happening at the back of good development not only in Ethereum but in the crypto verse. So, while traders will naturally gravitate towards the sell side of the trade, long term holders should cherish this drop and look to ...

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Bitcoin (BTC) Technical Analysis

Regardless of the overall bearish sentiment and the SEC weighing in heavily against Bitcoin, bulls seem to be stable and recovering. It’s up five percent and reducing their weekly losses to eight percent as buyers reject prices below $6,000-the upper limit of our support zone. Considering the past two trends, we still hold a bearish position and until we see ...

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EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis

More often than not, asset prices tend to recover following periods of stretching as the last two weeks demonstrate. In our case, unless we see a recovery in Bitcoin, most coins as Litecoin or EOS for example might extend their losses. Others as Stellar Lumens might be destabilized even after Facebook denying partnership claims. All in all, we remain bearish ...

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‘Game Over’ for Bitcoin, Claims Bearish Technical Analyst

If the bitcoin price falls below the important year-to-date support level, the dominant cryptocurrency will suffer irreparable damage in the marketplace. This is the opinion of Renaissance Macro Research, quoted by CNBC on Thursday Aug. 9. Bitcoin May Be ‘Permanently Impaired’ According to the financial analysis firm, what bitcoin is facing right now could be much more significant than just ...

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Litecoin (LTC) Technical Analysis

Fortunately for traders and Litecoin enthusiasts, this deep bear market might be a good time for adoption according to Charlie Lee. Of course, since time immemorial, mass adoption of any product-centralized or otherwise attracts value and Litecoin is no exception. In the meantime though, Litecoin as well as most coins in the top 10 are registering double digit losses as ...

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Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis

Though altcoins are finding reprieve following rapid depreciation mid this week, the fact that most are trading at new 2018 lows as IOTA, Litecoin while some as EOS and Stellar Lumens are retesting important support line means the market might add to their losses in coming days/weeks. However, there are potential upsides especially if the SEC comes up with favorable ...

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Bitcoin Cash (BCH) Technical Analysis

For some reason, fundamentals and technical chart formations are diverging. Here, Bitcoin Cash (BCH) sellers continue to wreck havoc even with announcement of key developments within the platform. That’s on top of  adoption drives rivaling those of Bitcoin. All in all, BCH is down 24 percent in the last week and we expect sellers to drive prices to $300 now ...

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EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis

Many are speculating that the SEC decision might have triggered this sell frenzy but what we should also realize is that most coins were dangling right at the edge waiting for a collapse. All altcoins caved in, registering double digit losses as EOS and IOTA lead the loss making pack. Fortunately though, at the moment price isn’t a priority. This ...

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