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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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Bitcoin (BTC) Poised For A Rally Towards $4,000 After Steady Consolidation

Bitcoin (BTC) has been consolidating sideways for the past few days along a strong trend line support but we have yet to see an anticipated move to the upside. The sharp decline that we saw last week was enough to scare off some overzealous bulls, which is why we have not seen a move to the upside so far. The Stochastic RSI is once again signaling a short term pullback on the 4H chart for BTC/USD which means the next move to the upside might succeed in testing the $4,000 level around the 61.8% fib retracement level. However, the retest...

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Ethereum Classic (ETC) At Risk Of Significant Further Downside

Ethereum Classic (ETC) is a brilliant cryptocurrency with very bright future prospects. However, short term the price might be due for significant further downside. The bearish pennant seen on the daily chart for ETC/USD shows that we might see the price drop to as low as $1 before a trend reversal can begin. A lot of people might want to accumulate Ethereum Classic (ETC) at $1 but I assure you only the select few a.k.a the whales might be able to pull this off and the price will be close to where it fell from without their buy orders being...

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Why Ripple (XRP) Could Defy Bitcoin (BTC)’s Pull And Rally In The Days Ahead

Ripple (XRP) has been known to make the occasional independent move every now and then but recently it seems to have lost its bullish charm. While some believe it to be a result of the loss of dominance due to the entry of JPM coin, others believe it XRP/USD has had a good run and is now due for a long correction before it can rise further. However, we believe that Ripple (XRP) has been trading out of sync with Bitcoin (BTC) and the rest of the market. The bearish pennant that we see in the case of most cryptocurrencies...

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Bitcoin (BTC) Likely To Find Its True Bottom In Q2 Of 2019

Bitcoin (BTC) is preparing to rally towards the 61.8% Fib level which would correspond to a price of $4,500 or higher. While we expect this rally to be short lived and not last for long, there is still a high probability that this rally will take place. The daily RSI and Stochastic RSI on the BTC/USD chart point to short term oversold conditions which means a correction the upside can be expected before the final corrective wave to the downside. In our previous analyses, we have mentioned that an imminent decline below $3,000 is almost a certainty and it is...

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