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Can Ethereum (ETH) And Most ERC20 Tokens Survive The Next Crash?

Ethereum (ETH) is on the verge of its biggest sell-off in months. The price has run now run into a confluence of strong resistances. ETH/USD has already faced rejection at the trend line resistance for three weeks now. The horizontal resistance at $193.64 is a strong support turned resistance that has close to zero probability of being breached at this point. That being, said traders must account for all such possibilities when entering a short position. Now, the fact of the matter is that even bullish analysts and traders who think the price has already bottomed are also expecting a...

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Sally Ho's Technical Analysis 21 April 2019

Bitcoin Bitcoin (BTC/USD) weakened early in the Asian session to test an important level, trading as low as the 5260.64 area, just below the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. We have written about the significance of this level extensively, including in our 20 April 2019 analysis. Traders are curious to see if BTC/USD again challenges the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range. Above this area, the 5403.82 level represents the 61.8% retracement of the move from 6810.00 to 3128.89. As noted yesterday, technicians are eager to...

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Bitcoin (BTC) NVT Ratio Points To Major Sell-Off Any Time Now

Bitcoin (BTC) is trading well above the 200 day moving average and there is the possibility of a golden cross coming to fruition if the price manages to breakout from here. However, the NVT indicator on the daily time frame now points to increasing risk of a major sell-off in the near future. This indicator has historically been very efficient at predicting sell-offs. This is because for something like Bitcoin (BTC) with arguably no intrinsic value, its perceived value depends on its use. As the Network Value to Transactions ratio reaches a certain level, we have a sell signal which...

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Sally Ho's Technical Analysis 20 April 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains as the pair tested a key area of technical Resistance, consolidated gains, and then found additional Bids. Traders tested the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range and an upside target that we identified in our 19 April 2019 analysis. Profit-taking then pushed the pair below another key technical area, the 5265.70 area, representing the 50% retracement of the 7402.50 – 3128.89 area. Chartists are eager to see if BTC/USD can establish a supportive base around the 5265 – 5195 range in an attempt to test some additional technical...

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Litecoin (LTC) Expected To Lose Most Of Its Gains To The Next Corrective Wave

Litecoin (LTC) is likely to erase most of its hard earned gains during the next corrective wave as it is now overbought like no other cryptocurrency. This is because LTC/USD received a big boost off its halvening hype in anticipation that the bear market was over. Now that most people realize that the bear market is in fact not over, the price of Litecoin (LTC) might be due for a big fall. While the upcoming halvening event in August is definitely something that could have led to the recent rallies in Litecoin (LTC), we believe that most institutional investors are trying to...

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