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Ripple (XRP) Has Been Trying To Break Above $0.40 For More Than A Week Now

Ripple (XRP) has been trying hard to break past $0.40 for more than a week now but it has failed so far. The price has run into a strong resistance at the 38.2% Fibonacci retracement level. However, XRP/USD has defended a fall against the 21 day EMA. For the last few days, we have seen Ripple (XRP) rise along with the 21 Day EMA which has made it easier than before to break past $0.40. Ripple (XRP) is at the bottom of the ascending channel it is trading in against the US Dollar (USD). However, the price is ready to take...

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S&P 500 Future Outlook Hints At Green Months For Bitcoin (BTC) Ahead

Bitcoin (BTC) is waiting for direction as the bear market has finally come to an end. It may still take a long time for the price to recover, but the downtrend seems to be over for now. The S&P 500 (SPX) points to a similar situation in the stock market. Trade war tension between US and China is beginning to alleviate and the market seems ready for a buy back season. That being said, the recent decline in Apple’s stock has sparked a new wave of fear in the market and investors seem more convinced than ever that the market...

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Ethereum (ETH) Likely To Trade Sideways Before Its Next Decisive Move

Ethereum (ETH) has rallied aggressively the past few days on news regarding its Constantinople upgrade. The market seems to unanimously believe that the upcoming upgrade is going to result in a major price boost for ETH/USD. This may be true but the recent reaction to the news has been more of an overreaction and the price has now reached a point where it has to make way for a minor correction to the downside. As the 4H chart for ETH/USD shows, the price has already bounced back towards the bottom of the ascending channel after running into the 61.8% Fibonacci...

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Ripple (XRP): Fractal Similarities Point To Massive Bullish Breakout In Q1

Ripple (XRP) is on the verge of a historic breakout. The last time XRP/USD printed this pattern on the weekly time frame, we saw Ripple (XRP) rise to a new all-time high. Now, the question is, “Could the same happen this time?” Throughout the trading history of Ripple (XRP) we have seen it print the same patterns as it has before. For instance, XRP/USD prints the same four consecutive long candles when it breaks out against Bitcoin (BTC). We have seen this happen many a time before. The interesting part is, largely the whole price action leading up to the...

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Bitcoin (BTC): What Is The Volatility Index (VIX) Telling Us?

Bitcoin (BTC) is looking for direction after going through an exhausting bear market for almost a year. It is unlikely that we are going to see the price take off to the moon straight from current levels. However, there are certain market indicators that give us clues as to the direction and pace of Bitcoin (BTC)’s next moves. One of those strong indicators is the Volatility Index (VIX). It is considered as a plausible indicator of the volatility in the stock market at a given time. Volatility is the degree of variation of the price of an asset. It is...

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