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Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been...

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Ethereum (ETH) Climbs Above 21 Day EMA But Price Remains Vulnerable

The price of Ethereum (ETH) continues to remain very vulnerable despite the fact that the price has now made a successful rally past the 21 day EMA. The bears have regained control once again and the bulls are afraid to step up. The Fear and Greed Index is back at 50 (Neutral) from 60 (Greed) yesterday. This goes now to show that the bullish euphoria that led to the series of rally over the past few months is finally coming to an end as most traders and investors anticipate a major decline in the weeks ahead. The daily chart for...

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Bitcoin (BTC): Evening Star Doji On Weekly Chart Confirms Bearish Reversal

Bitcoin (BTC) formed an evening star doji on the weekly time frame with last week’s close. However, it wasn’t quite clear if this was in fact an evening star doji until now. An evening star doji is formed at the peak of a rally and it formally puts an end to the rally to pave the way for a bearish reversal. For this to happen, the next weekly candle has to form lower than that. As we can see on the weekly chart for BTC/USD, the price of Bitcoin (BTC) formed seven green weekly candles with no red candle in...

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Sally Ho's Technical Analysis 16th April 2019

Bitcoin Bitcoin (BTC/USD) found a Bid early in the Asian session but only after the pair fell to the 4945.54 level during yesterday’s North American session, its weakest print since 11 April.  Stops were elected below the 4970.67 area during the descent, representing the 76.4% retracement of the move from 4901.99 to 5193.01. During today’s climb higher from multi-day lows, BTC/USD found a Bid around the 5013.16 area, representing the 61.8% retracement of the aforementioned range. Chartists are eyeing the 5081.84 area as the pair’s next upside target. Other minor retracement levels including 5098.48/ 5134.61 related to yesterday’s depreciation from...

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Ripple (XRP) Primed For A Major Pullback As Price Remains Vulnerable

Ripple (XRP) is primed for a major pullback as the price remains very vulnerable. The 4H chart for XRP/USD shows that the price has continuously faced rejection at the 50 EMA and is now likely to decline towards its trend line support. For weeks now, Ripple (XRP) has been stalling a break out of the large symmetrical triangle it has been trading in. The 4H chart shows that there is still plenty of room for XRP/USD to keep on stalling a decisive break to the upside or downside as the price remains range bound. Interest in Ripple (XRP) seems to...

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