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Investors Gunning For Cardano (ADA) Below 5 Cents Are Still Not Buying

There was a lot of talk about Cardano (ADA) being overvalued the past few months. Investors seemed reluctant to accumulate at prices above $0.05. The weekly chart for ADA/USD shows that since the month of September, we have not seen any real interest in Cardano (ADA) as an investment. There could be plenty of reasons for that. Perhaps some believed that Cardano (ADA) was overvalued while others thought that the market could go down more. However, the price is now below $0.05 which makes Cardano (ADA) neither overvalued, nor likely to drop significantly from current levels. Cardano (ADA) is one...

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Ethereum (ETH) Accumulation By Smart Money Begins At Current Prices

Ethereum (ETH) has seen three types of accumulation cycles throughout its trading history. The first is accumulation by smart money also known as early adopters. The second is accumulation by institutional money. The third is accumulation by retail money. These three cycles occur in the same sequence over and over again. After the completion of the retail money accumulation cycle, we see a distribution period. The distribution period often follows after retail accumulation in other markets as well. This is because retail investors are the most likely to give in to sentiments of FUD or FOMO. They are more prone...

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EUR/USD And Bitcoin (BTC) About To Complete An Inverse H&S Formation

Bitcoin (BTC) is following in the footsteps of EUR/USD to complete an Inverse Head and Shoulders Formation. If this comes to fruition, it could be a big deal for both EUR/USD and Bitcoin (BTC) as it would push both towards not just a recovery, but a bull market. As we have seen in the past, Bitcoin (BTC) is incapable of making its own moves when it comes to certain critical points. In our previous analysis, we explained how Bitcoin (BTC) price action is just a consequence of the price action of major stock market indices like the Nasdaq Composite and...

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Litecoin (LTC) Still Has Room For Further Downside

The recent market correction seems to be more than a correction in terms of prices. It appears to be about righting most wrongs. For instance, coins that got pumped hard during the previous rallies without having solid fundamentals or use cases have been the ones to suffer the most. Litecoin (LTC) seems to be one of those coins. Having once been the beneficiary of FOMO surrounding Coinbase listings, Litecoin (LTC) is now just another coin on Coinbase. The reason LTC/USD did so well after its Coinbase listing was because it was the cheapest coin on Coinbase with a lot of...

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Ripple (XRP)’s Uptrend Remains Intact Despite Recent Selloff

Ripple (XRP) has earned a well-deserved reputation for being resilient. Over the last few days, we saw XRP/USD rally in the face of a market meltdown. However, when the time to correct came, Ripple (XRP) still managed to remain above its trend line while most other coins would have pierced right through their trend lines to complete a full correction. The daily chart for XRP/USD shows that Ripple (XRP) has now found a strong support at the $0.457 level. The price has held this level during a recent retest and is unlikely to fall below it. The daily RSI has...

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