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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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Ethereum (ETH) Likely To Revisit 200 Day EMA Before Its Next Big Decline

Ethereum (ETH) is on the verge of another major decline as the price fails to break out of the bearish pennant it has been trading in since the beginning of the year. However, the way the Stochastic RSI has cooled off on the daily chart for ETH/USD hints that we might see a false break out that could see the price revisit the 200 day exponential moving average and possibly break slightly above it to mislead traders into thinking the price has broken past a critical resistance. However, it will most likely close below the 200 day EMA leaving a...

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Bitcoin (BTC) Closes Another Week Below 50 EMA Confirming Bearish Bias

Bitcoin (BTC) has just closed the week below its 50 week exponential moving average. This confirms our bearish bias and points to a major decline in the weeks ahead. As long as the price remains below the 50 week EMA, there is no reason to be bullish on Bitcoin (BTC). That being said, technical indicators on shorter time frames now present the possibility of short term movements to the upside before the weekly close. In other words, BTC/USD could rally towards $5,300 in the days ahead as the daily Stochastic RSI is now near oversold territory. The price remains heavily...

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Sally Ho's Technical Analysis 15th April 2019

Bitcoin Bitcoin (BTC/USD) scored strong gains during today’s Asian session, rocketing to the 5191.19 level. In our 14 April 2019 analysis, we identified the 50-bar MA (4-hourly) as technical Resistance and strong Stops were elected above the 5137.67 area after traders tested this key area.  The pair reached the 5191.19 level, just below the 50% retracement of the 5488.00 – 4901.99 range. Additional Stops were elected above the 5125.85 area, representing the 38.2% retracement of the same range. Notably, there were some early indications during the Asian session that BTC/USD was trying to derive technical Support at the 50-bar MA...

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Bitcoin (BTC) Bears Ready To Take Control After Months Of Indecision

Bitcoin (BTC) bears seem to be in a position of control once again after a long period of indecision. The daily chart for BTCUSDShorts shows that the number of margined shorts started to decline towards the end of last year. The price made a bullish recovery during that time and the bears were quick to lose sight of the big picture. Currently, BTCUSDShorts is resting on a strong trend line support and is expected to begin a new uptrend as early as next week. It is important to note though that Bitcoin (BTC) is now overbought short term (4H) and...

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