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Ethereum Classic (ETC) Breaks Critical Resistance, Price Continues To Rally

Ethereum Classic (ETC) has broken past a critical trend line resistance and is now rising on bad news. That’s right, bad news! The cryptocurrency seems to be completely unaffected by the departure of a high profile developer, Anthony Lusardi of ETC Cooperative. We at Crypto Daily have interviewed Anthony Lusardi in the past. He has been very keen to see the project succeed. However, he recently announced his departure due to “burnout and social media FUD”. The price has reacted in a completely strange way as if the departure had a positive impact on the future of the Ethereum Classic...

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Ripple (XRP) All Set For An Aggressive Breakout In The Weeks Ahead

Ripple (XRP) has been stalling a move to the upside even though it broke out of the symmetrical triangle that it has been trading in for the last eight months. This uncertainty has more to do with Bitcoin (BTC) and the overall crypto market in general than Ripple (XRP) itself. Interest in XRP/USD does not seem to have decreased despite the fact that rivals like JPM Coin (JPM) and Stellar (XLM) now threaten its dominance in the cross borders payment industry. That being said, Ripple (XRP) has one of the most loyal supporters in the entire crypto community which is...

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Bitcoin (BTC) Maintains Parabolic Trajectory, Eyes Rally Above $4,000

Bitcoin (BTC) maintains its parabolic trajectory as price consolidates before a strong rally past $4,000. The price is expected to close this week below $4,000 with the possibility of a strong rally as early as next week. The 4H chart for BTC/USD shows that the price is currently resting atop the parabolic support which also coincides with the 50 MA on the 4H time frame. Prior to that, the price found support on a level that coincided with the 200 MA on the same time frame. Trading conditions on the 4H time frame are favorable for a short term rally...

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Ripple (XRP) Remains Heavily Oversold Against Bitcoin (BTC)

Ripple (XRP) remains heavily oversold against Bitcoin (BTC) but there does not seem to be adequate hope of a trend reversal. The weekly chart for XRP/BTC shows the current weekly candle stuck between the 50 week moving average and the 61.8% fib extension level. If the price fails to break above this level by the end of the week, we could expect it to fall below the 50 week moving average as early as next week. This decline could pull the price all the way to the 127.2% fib extension level in the weeks ahead from where the price would...

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Ethereum (ETH) Holds Ground Above 21 Day EMA, Price Expected To Rally Ahead

Ethereum (ETH) holds strong above the 21 day exponential moving average for now but the price could be at risk of significant downside if it slips below this level. The daily chart for ETH/USD shows that the price is currently sandwiched between the 21 day exponential moving average which serves as a strong support and the 38.2% fib retracement level which serves as strong resistance. This resistance has been tested for the past few weeks but ETH/USD has failed to break above it. This time, the 21 day EMA has been instrumental in giving the price a support base to...

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