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Ethereum (ETH): Is It A Breakout Or A Fakeout?

Ethereum (ETH) broke above the bullish pennant and is now eyeing a move towards $300. This would have been a very obvious move but the price did not give traders the impression that it was breaking up until the last minute. As we can see on the daily chart, it ended up filling most of the wedge before it broke out. So, it took its time to print that long candle to the upside, but now what? Can we actually see ETH/USD rally towards the top of the ascending channel? Yes, we can as it is a possibility but we...

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Bitcoin (BTC) Finally Climbs Past 38.2% Fibonacci Retracement From ATH

Bitcoin (BTC) has finally rallied well past the 38.2% Fibonacci retracement level from all-time high and there is now no confusion whether it has tested that level or not because we have a clear break out past the 0.382 on most exchanges. This is a highly significant development that makes this today probably the most important day in the last few months. This is because the price has now done what it was supposed to do and that is to rally slightly above the 38.2% fib retracement mark. We saw the same happen during the last cycle before the price...

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Is Bitcoin (BTC) Breaking Out?

Bitcoin (BTC) is up above $9,500 and is now looking to rally towards $10,000. Ethereum (ETH) is also in the green. Other than that, most top ten cryptocurrencies except Binance Coin (BNB) are in the red but they are eyeing recovery as well. Looking at the chart for XBT/USD, we can see that Bitcoin (BTC) still has room to rally before the ongoing rally tops out. This might result in the price touching $10,000 or rising slightly above it as shorts are liquidated before it falls down to complete Phase D and Phase E of the distribution cycle. Bullish euphoria...

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CD 21 Leaders Index Up 1.57% On Monero’s (XMR) Gain Of +6.8%

The CryptoDaily 21 Leaders Cryptocurrency Index improved to 50.36 from 49.58 the previous day, a 1.57% gain. The 21 Leaders Index is up 5.06% over the past 7 days and 11.68% over the past 30 days. Monero (XMR) led the Index higher with a +6.8% gain to US$ 1.83 billion as traders continued to react to news of the first Monero Conference and the asset’s move above US$ 100.00. Binance Coin (BNB) notched gains of 3.7% while Chainklink (LINK) led the losers with a 6.0% loss. The CryptoDaily Large-Cap Cryptocurrency Index fell to 33.39 on Thursday from 33.59 on Wednesday,...

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Sally Ho's Technical Analysis 21 June 2019

Bitcoin Bitcoin (BTC/USD) finally tested a key upside price objective early in today’s Asian session, easily absorbing the 9532.39 level, representing the 38.2% retracement of the move from 19891.99 to 3128.89. Significant Stops were elected above that key level on the move higher, pushing the pair to the 9599.00 area, a level above which Stops are likely in place. During yesterday’s North American session, buying activity commenced around the 9250.03 area, a follow-through from demand that started late in yesterday’s European session. BTC/USD’s quick move higher has traders focused on additional price appreciation. After Stops were triggered above the 9388.00...

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