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Litecoin (LTC) Breaks Above Falling Wedge But Tests It As Support To Decline

Litecoin (LTC) has broken out of a falling wedge which is normally a bullish development, but not in this case. The 4H chart for LTC/BTC shows that Litecoin (LTC) broke a critical falling wedge against Bitcoin (BTC) only to test it as support for further downside. The price has kept on declining along the falling wedge since the beginning of the month. Even as Bitcoin (BTC) is slowly rallying towards $5,800, cryptocurrencies like Litecoin (LTC) seem to be losing ground as even the bulls know that the price is due for a major decline whether the bottom is in or...

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Ethereum (ETH) Longs Up For The First Time In More Than A Week

Ethereum (ETH) longs are up for the first time in more than a week. This is a sign of relief for the bulls who have been losing ground despite oversold conditions short term. The daily chart for ETHUSDLongs shows that the number of margined longs has now declined to a trend line support and having formed its first green candle in more than a week, is expected to rally ahead. Ethereum (ETH) bulls are likely to capitalize on this and we might see a rise in the number of longs as ETH/USD starts to rally. However, this should not mislead...

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Bitcoin Volatility Index (BVOL) Points To High Probability Of A Sluggish Rally

Bitcoin (BTC) is struggling to rally towards $5,800-$6,000. While most traders are expecting a big move towards this strong resistance zone, the price action clearly shows that BTC/USD is not ready for such a move. However, now the Bitcoin Volatility Index (BVOL) also corroborates what is going on with the price and suggests that we might see a sluggish rally in the days and weeks ahead but it will happen nonetheless. This rally towards the resistance zone at $5,800-$6,000 is important because the price has to either break it or face rejection at this zone in order for the market...

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Sally Ho's Technical Analysis 2 May 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains by testing Offers around the 5330.00 figure following a pullback from yesterday’s daily high of 5358.39, its strongest showing since 25 April 2019. Before the move to yesterday’s daily high, Bids emerged right around the 50% retracement of the 4901.99 – 5650.01 range, and then following the yesterday’s daily high Bids emerged right around the 23.6% retracement of the move from 5072.01 to 5358.39.  The Bids that have emerged at technical levels during the past two days suggest BTC/USD could be poised to appreciate further. Notably, the 100-bar MA (4-hourly) just crossed above the...

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Stellar (XLM) Faces Rejection At 21 Day EMA, Price Has Yet To Form Golden Cross

Stellar Lumens (XLM) has just faced a strong resistance at the 21 day exponential moving average. While this means that the price is exhibiting some weakness short term, it is still likely that we will see a golden cross on XLM/USD come to fruition. That being said, XLM/USD has now formed three lower highs and two lower lows since the beginning of last month. The RSI and Stochastic indicators show that there is plenty of room for a rally to the upside. Stellar (XLM) has recently made a lot of independent moves and is now also listed on Coinbase. Interest...

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