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Could Ripple (XRP) Stage A Comeback Amid Declining Buying Interest?

Ripple (XRP) has been long overdue for a breakout but the price keeps on stalling a break out of the symmetrical triangle. This triangle extends back to since the beginning of the bear market but we have yet to see a formal break out. The daily chart for XRP/USD shows that the price has once again started to decline towards the bottom of the triangle as it has faced a strong rejection at the 200 Day EMA. A close below the 200 Day EMA is a very bearish sign which often denotes further downside. The same could happen this time...

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Bitcoin (BTC) Is About To Break Out Of Ascending Triangle, Big Move Expected

Bitcoin (BTC) has run its course trading within an ascending triangle and will now have to break out. Needless to say, the majority of the crypto community expects the price to break above this ascending triangle. A lot of people seem to be completely unconcerned about the manner in which the price is growing. If it keeps moving sideways and then keeps pumping, most of them will not mind as long as it doesn’t begin to do the same thing in the other direction. However, that is the thing about pumps and dumps. There is a pump which is followed...

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Ethereum (ETH) At Risk Of A Flash Crash Amid Fading Bullish Momentum

Ethereum (ETH) is at risk of significant further downside as it remains heavily overbought. However, what’s more alarming is that the fading volume as well as bullish momentum could end badly for retail traders that are all charged up after the recent few pumps. Even if we assume that the price has already bottomed which is highly unlikely, the manner in which it has pumped in the past few days is hardly sustainable. This is nothing new and those of us who have been around for long know how it ends. Whenever a market sees a trend reversal, the sentiment...

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Sally Ho's Technical Analysis 9th April 2019

Bitcoin Bitcoin (BTC/USD) took a breather early in the Asian session after traders drove the pair as high as the 5314.59 level. Minor Stops were triggered above the 5300.53 level, representing the 76.4% retracement of the recent move from 5352.50 to 5132.28. During today’s pullback, Bids emerged around the 5215.38 area, just above the 5211.19 area which represents the 76.4% retracement of the wider 5345.00 – 4778.00 range, as noted in our 7 April 2019 analysis. Additional selling pressure may see the 5184.25 level tested again, an area that provided intraday technical Support yesterday. As we noted in our 8...

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Bitcoin Cash (BCH) Price More Than Doubled During The Recent Pumps

Bitcoin Cash (BCH) has been one of the biggest beneficiaries of the recent pumps as BCH/USD has more than doubled in the past seven days. Why would a cryptocurrency like Bitcoin Cash (BCH) pump that much when nothing has changed? There are reports that claim that Bitcoin Cash (BCH) halvening could lead to major security issues in the network. Bitmain, one of the largest mining companies is having a serious problem getting rid of its Bitcoin Cash (BCH) holdings. So why then is the price pumping so hard? Well, to put it plainly, precisely for the reasons that we just...

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