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Could Ripple (XRP)’s Next Big Move Result In Decoupling From Bitcoin?

Ripple (XRP) is a lot different than most cryptocurrencies for a number of reasons. First of all, it does not use blockchain technology. Instead, it uses distributed consensus ledger using a network of validating servers. Second of all, Bitcoin (BTC) is supposed to be digital gold and a store of value while Ripple (XRP) is just a digital currency aimed at making payments faster and cheaper. It is quite obvious that both of them actually have quite little in common apart from both being called cryptocurrencies. Now, this decoupling debate is not new. We have seen it come under discussion...

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Ethereum (ETH) Weekly Close Above 50 EMA Would Be Very Bullish Short Term

Ethereum (ETH) is finally closing a week in red after months of uptrend, but this may not be as bearish as it looks. In fact, it ETH/USD ends up closing the weekly candle above the 50 week EMA, that would be a very bullish development, one that might pave the way for a rally past $300 in the weeks ahead. Ethereum (ETH) was primed for a major decline but it stalled that decline by cooling off short term to make way for another rally to the upside. The price can keep on consolidating and rising in this manner for a...

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Bitcoin (BTC) About To End The Week In Red But Rally Towards $10k Still In Sight

Bitcoin (BTC) is about to close the week in red for the first time in six weeks. The price has closed five weeks consecutively in the green as it rallied in a parabolic manner the past few months. Investors are now confused what this would mean for BTC/USD in the weeks and months ahead. Short term, this does not change much as a rally towards $10,000 is still in sight. The daily chart for BTC/USD shows that the RSI and MFI indicators now indicate that there is ample room for a rally to the upside. The price cooled off after...

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Sally Ho's Technical Analysis 9 June 2019

Bitcoin Bitcoin (BTC/USD) traded sideways early in today’s Asian session as the pair reached the 7975.80 area and was supported around the 7833.64 area, having calmly drifted lower from Friday’s high print of 8134.29. BTC/USD continues to exhibit an inability to gain much traction at or above the 8062.27 area, representing the 38.2% retracement of the move from 9090.00 to 7427.00. This signifies the importance of this range, and also explains why the pair did not get too far below the 7819.47 area during yesterday’s North American session, representing the 23.6% retracement of the same range. The 200-bar MA (4-hourly)...

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Litecoin (LTC) Might Rally Hard Short Term If Price Breaks Past $120

Litecoin (LTC) has rallied hard the past few months but it might still have ample room for further upside. The weekly chart for LTC/USD shows that the price recovered quickly when it declined this week. We have yet to see it revisit the trend line support but it seems more determined to test higher levels first. If Litecoin (LTC breaks past $120, we could see it rally all the way towards $166. The price will likely top out before it can reach that mark but we might see a retest of the 38.2% fib retracement level from all-time high just...

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