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Stellar (XLM) Has Ample Room To Trade Sideways Till Year End

Stellar (XLM) has been in the same dilemma as Bitcoin (BTC). For the last few days, there has been no clear direction for XLM/BTC. The big picture however tells a different story. The weekly chart for Stellar (XLM) against Bitcoin (BTC) shows that the price might be consolidating above the trend line, preparing for a big move to the upside. However, the big swings that we have seen since the beginning of the correction seem to have run their course. As the swings have become incredibly short ranged, it is likely that Stellar (XLM) will continue with the same boring...

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Bitcoin (BTC) Bearish Scenario Valid Only If 21 Month EMA Is Broken

The cryptocurrency market is full of Bitcoin (BTC) bears at this point. The long, extensive correction has been instrumental in weakening bullish resolve. All the euphoria and enthusiasm felt around levels of $18,000 and higher has now been completely shattered. Just when the majority starts to feel the same way, is the time we can expect a trend reversal. This was true when Bitcoin (BTC) topped out and this is true now that BTC/USD seems to have bottomed out. Historical data suggests that every time Bitcoin (BTC) has remained above the 21 Month EMA, it has remained bullish. In fact,...

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Ripple (XRP) Breaks 10 Hour EMA But Fails To Maintain Momentum

Chart for XRP/USD (1H) Ripple (XRP) pierced through the 10 hour EMA today while most cryptocurrencies struggled to break resistance. However, the bullish momentum did not last for long and the price had to fall back into the triangle. It is still up 1% for the day as the price struggles to break out of the triangle. Short term, there is not much room for further downside. The price will have to break past the critical 21 hour EMA if Ripple (XRP) is to fall further. That does not seem very probable as the market has already been through an...

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Ethereum Flippening: Can ETC Take Over ETH?

Ethereum Classic (ETC) broke years of downtrend against Ethereum (ETH) during the recent correction. While both cryptocurrencies declined heavily from their all time highs. Ethereum (ETH) showed a lot more weakness compared to Ethereum Classic (ETC) which resulted in Ethereum Classic (ETC) gaining against Ethereum (ETH). In fact, Ethereum Classic (ETC) entered a clear uptrend against its rival, Ethereum (ETH) during the month of May. This uptrend has held so far but recently ETC/ETH has lost its bullish charm. The price of Ethereum Classic (ETC) broke the 10 Week EMA against Ethereum (ETH) and is now on the risk of...

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Why Gold And Bitcoin (BTC) May Not Be On The Same Side

Chart for Gold (1M) Gold has seen extensive sell off since 2013. This was the same time Bitcoin (BTC) also fell significantly following the Mt. Gox hack. The price of Gold formed a double top and declined rapidly as it broke below the 21 Month EMA. In early 2016, Gold managed to climb above the 21 Month EMA and investors’ confidence was restored. However, it failed to appreciate significantly and soon fell below the 21 Month EMA again. The price of Gold is still below the 21 Month EMA but it now faces a new challenge. The trend line which...

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