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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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Ethereum Classic (ETC) Correction Draws To An End, Bulls Take Control

Ethereum Classic (ETC) has finally completed its correction. The weekly chart for ETC/USD shows that the price has already begun to rally and is now struggling to break past the 5 Week EMA. This struggle is going to continue for quite some time which is why we are not likely to see a series of bull runs or exuberant rallies just yet. In fact, it is going to be a long time before we see Ethereum Classic (ETC) rallying towards its all-time high. Before all of that, we are going to see a long period of accumulation where the price will...

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Ripple (XRP) Bulls Stand Up To Bears But Descending Channel Is Yet To Be Broken

Ripple (XRP) bulls have finally stood up to the bears and denied continuation of the downtrend, at least for now. This resistance to downtrend continuation has come at a point where Ripple (XRP) has to make it or break it. It is Ripple (XRP)’s last chance to break out of its yearlong descending channel failing which it will have to fall back towards the bottom of this channel. Ripple (XRP) bulls being aware of this are stepping up to defend against a fall below the short term ascending channel seen on the 4H chart for XRP/USD. The price is also...

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