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Will Ripple (XRP) Break Market Structure This Time?

Ripple (XRP) is once again at a point where it was between July and August last year. The price had found a strong support and was not expected to break below its market structure. However, it happened and XRP/USD declined to its yearly low in September, 2018. That low was followed by a massive rally to the upside which saw XRP/USD run into its trend line resistance next week but faced strong rejection. Afterwards, we saw a retest of the previous support and the price rallied again from there but faced rejection again. In the past few weeks we have...

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Dollar Index (DXY) Hints Bitcoin (BTC) Will Soon Make Its Next Big Move

The Dollar Index (DXY) is a strong indicator of the strength or weakness of the US Dollar compared to other major currencies. As the price of Bitcoin (BTC) is predominantly paired to the US Dollar on most exchanges, it is reasonable to see that movements in the Dollar Index (DXY) have important consequences for the price of Bitcoin (BTC). The daily chart for the Dollar Index (DXY) shows that the price is trading within a rising wedge and is thus at risk of significant sell off in the weeks or months ahead. However, short term there is a lot of...

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Is Stellar Lumens (XLM) The Next Big Thing?

Stellar (XLM) is often seen a Ripple (XRP) competitor that wants to cut the middle man and enable people to become in charge of their own finances. While Ripple (XRP) empowers the banks and helps maintain the status quo, Stellar (XLM) wants to empower the end user and challenge the status quo. It is not hard to see that ultimately, Stellar (XLM) or a project like it which actually empowers the end user will come out on top because that is where we are eventually headed. However, we are still a long way from there and thus it is no...

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Ripple (XRP) Poised For A Big Breakout After Weeks Of Continuous Sell-Off

Ripple (XRP) is poised for a major break out as the price eyes a break out of the descending triangle it has been trading in since the beginning of the correction. This break out could be to the upside same as it could be to the downside. However, the price may not take long to stay down even if it breaks to the downside. This is because XRP/USD has long been consolidating above a key support that has yet to be broken. The Stochastic Momentum Indicator on the weekly chart shows that the price is once again poised for a...

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Bitcoin (BTC) Bears Assume Control As Major Bull Flag Turns Into A Bear Flag

Bitcoin (BTC) bulls failed to assume control even though market conditions were in their favor. This led to the bears getting confident enough to turn the tables on them. The major bull flag seen on the daily chart for BTC/USD seems to have turned into a small bear flag just around the bottom of the symmetrical triangle. This bear flag has now introduced a new setup that has once again increased the probability of a break to the downside. Even though the possibility of a bullish breakout is still a lot higher than that of a bearish breakout but now...

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