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Why Ripple (XRP) Is On The Verge Of A Major Breakout

Ripple (XRP) is on the verge of a major breakout that could see the price rise or fall hard in the days ahead. The reason behind this uncertainty is that while XRP/BTC remains bullish, the rest of the market does not show enough signs for a sustained bullish momentum. In other words, even if other cryptocurrencies succeed in breaking to the upside, they still risk a fall in the long term. Ripple (XRP) on the other hand shows a slightly different short to medium term outlook but there is no denying that it will eventually have to fall to find...

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Ethereum (ETH) Expected To Rally Significantly After The Hard Fork

Ethereum (ETH) like most cryptocurrencies has been trading sideways for the most part these past few days but now the time has come to make a decisive move. Yesterday, ETH/USD declined sharply below the 21 day exponential moving average but it climbed back up to close the day above it. It started the next day trading above the 21 Day EMA and has so far held that level. This means that Ethereum (ETH) is not likely to fall below this level in the days ahead but would instead use this as support for a rally towards the top of the...

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Why Bitcoin (BTC) Bears Have Every Reason To Expect A Fall Below $3,000

Bitcoin (BTC) bears are once again confident that the bear market is not over yet and the price has to fall below $3,000 in order for BTC/USD to find its true bottom. A few weeks back, most Bitcoin (BTC) bulls would have laughed at this, but not anymore. The sharp decline that we saw the past week proved to the bulls that no matter how bad things are, they can always get worse. Now, looking at the daily chart for BTCUSDShorts, it is quite clear that the number of margined shorts tested a support and then bounced clearly off that...

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Litecoin (LTC) Defends 200 Day MA, Signals Possibility Of A Golden Cross

Litecoin (LTC) has been consolidating above the 200 day moving average for the past few days but the Stochastic RSI signals a big move to the upside that could result in a golden cross coming to fruition. If that happens, we could see LTC/USD rise to $100 in a matter of days. If we look at general market conditions, the probability of this golden cross coming to fruition remains low. However, Litecoin (LTC) and Ripple (XRP) are perhaps the only cryptocurrencies in the market that have an extremely bullish near term outlook. If cryptocurrencies did always move under the pull...

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Ripple (XRP)’s Next Breakout Might Take The Cryptocurrency Market By Storm

Ripple (XRP) has been constantly in the news for the past few weeks and mostly for all the wrong reasons. The numbers of partnerships that it has signed with new banks as well as the use of its xRapid service have been on the rise but yet the sentiment is leaning bearish in the past few weeks. If we look at the daily chart for XRPUSDShorts, we can see that it has declined below the 50 day moving average now and the bulls might finally have some hope to stage a short term reversal. We expect that XRPUSDShorts will have...

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