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Ripple (XRP) Prepares For Its Most Anticipated Breakout In Eight Months

Ripple (XRP) is on the verge of its biggest and most anticipated breakouts in eight months. This is certainly a major development for XRP/USD and we could see the price rocket towards $0.50 if Ripple (XRP) succeeds in breaking above the 200 day moving average. However, so far the chances of that happening are decreasing with every passing day. The price has shown extreme weakness in the past few days and continues to remain weak. The Stochastic RSI on the daily time frame has once again neared overbought levels but the price has failed to capitalize on that. A break...

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Ethereum (ETH) All Set For A Rally Towards $170 Before The Next Decline

Ethereum (ETH) rises towards the 38.2% Fib extension level but faces a strong rejection. This might be a sign of weakness short term but the price is still all set for a rally towards $170 in the days ahead. It is true that the bulls do not seem to be in control but the bears are also beginning to give up. This is because the drop that retail bears have been anticipating for the last few weeks is nowhere to be seen. Most of the bears that have high leverage positions shorting Ethereum (ETH) are concerned that the price has...

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Bitcoin (BTC) Finally Closed The Week Above $4,000, Here’s What It Means

Bitcoin (BTC) has finally closed the week above $4,000 like we expected it to. This will have very important consequences in the weeks to come. However, traders are more interested in knowing what it means for now. Looking at the 1H chart for BTC/USD, it is clear that the price might now make its move towards $4,185 now that it has closed above $4,000. That being said, investors need to be more confident because this is not the time to be buying for long term. In fact, the price is heavily overbought on larger time frames and it is only...

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Sally Ho's Technical Analysis 18th March 2019

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) extended its climb Higher following Saturday’s test of the 4037.47 level, below which Stops were elected above the 4026.62 level, representing the 76.4% retracement of the move from 4239.37 to 3337.87.  Saturday’s activity represented the pair’s Highest prints since 24 February. Sunday’s price activity saw consolidation down to the 3936.30 level, right around the 50-bar MA (Hourly), before BTC/USD found Bids during today’s Asian session. Additional Stops were elected today above the 3986.89 and 3998.82 levels, representing the 50% and 61.8% retracements of Saturday’s High to Sunday’s Low. Additional Stops are expected above the...

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Bitcoin (BTC) Likely To Close The Week Above $4,000 But Uncertainties Loom Over

Bitcoin (BTC) is expected to finally close the weekly candle above $4,000 given its current outlook. The 1H chart for BTC/USD shows that the price has ample room to shoot towards the top right of the bullish gartley formation before the weekly close. This would set the ground for a steady decline in the weeks ahead as the bears assume control. However, this time around things are not so simple. While the bulls are not in charge, the bears seem to be losing control as well as the number of margined shorts has just topped out and we could see...

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