Hot Topics

Advertisement

Advertisement

Ripple (XRP) Shorts Celebrate Victory But Longs Are Still Up 7% For The Day

Ripple (XRP) shorts were quick to celebrate victory but the bulls have not let go yet. The recent crash did damage the bullish resolve in a big way but this does not mean that the bears are back in charge. In fact, the daily chart for XRPUSDShorts shows that this so called victory is likely to be very short-lived. The number of shorts has now run into the 21 Day EMA which is a strong level to breach. The most likely scenario is that the number of shorts will continue to decline in the days ahead to retest August, 2018...

Read More

Ethereum (ETH) Likely To Retest Previous Lows Against Bitcoin (BTC)

Ethereum (ETH) has declined more than 10% against the US Dollar (USD) and almost 7% against Bitcoin (BTC) during the past 24 hours. The daily chart for ETH/BTC shows that the price has now run into a trend line resistance. However, there is still some resistance to further decline as the 21 Day EMA is yet to be breached. Ethereum (ETH) is currently in a position where it is prepared for both outcomes. If Bitcoin (BTC) rises, Ethereum (ETH) might eventually break the trend line resistance against Bitcoin (BTC) to begin a new cycle. However, if Bitcoin (BTC) falls, then...

Read More

Bitcoin (BTC) Crashes Hard As EUR/USD Runs Into Trend Line Resistance

Bitcoin (BTC)’s recent crash left many analysts and investors clueless as to the cause of this sudden decline. However, those who realize by now that Bitcoin (BTC) does not make decisions as big as these on its own have already figured out that the recent drop has to do with EUR/USD running into a strong trend line resistance. As long as the Euro remains in a state of confusion, BTC/USD is expected to do the same. We will see some sideways movement but no definite direction until EUR/USD makes a decisive move. One might argue that Bitcoin (BTC) faced similar...

Read More

Stellar (XLM) Might Replace Ethereum (ETH) As The Preferred ICO Platform

Stellar (XLM) is more than just a solution for peer to peer cross border payments. When Stellar Lumens (XLM) entered the market, cryptocurrency enthusiasts started to see it as a Ripple (XRP) competitor because that was how it came into existence. Jed McCaleb, the founder of Stellar (XLM) was originally a Ripple (XRP) developer who after some fundamental differences with the rest of Ripple (XRP) developers went on to found Stellar (XLM). The reason why Stellar (XLM) became a direct Ripple (XRP) competitor was because of its core philosophy to focus on the end user rather than the middle men....

Read More

Ethereum (ETH) All Set To Rally Towards $200 Around Constantinople Hard Fork

Ethereum (ETH) has seen a lot of positive momentum just before its Constantinople hard fork. If the current exuberant sentiment continues to prevail, we could see ETH/USD rally towards $200 just before the hard fork next week. Technical conditions are favorable for such a move. The price has entered a large bullish pennant which is expected to break to the upside. This break out would push Ethereum (ETH) in the $200 zone but the price may continue to rise until it tests the previous market structure. RSI on the 4H chart is not in the overbought territory yet but the...

Read More