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Ripple (XRP) Still On Track For Long Term Gains

Ripple (XRP) entered a strong downtrend since the beginning of this month. This was the result of Ripple (XRP) forming a double top as seen on the above chart for XRP/USD. After forming the double top, Ripple (XRP) entered a descending channel and has since been on a steady decline. The trend line that passes through the point of inflection of the last rally during late September has served as a temporary support for XRP/USD so far. It is likely that Ripple (XRP) will rise from here and form another pattern like it has between Sep 17 and October 11....

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Ethereum (ETH) Remains In The Safe Zone, No Cause For Concern Yet

Chart for ETH/USD (4H) Ethereum (ETH) investors have nothing to worry about. The recent decline in Ethereum (ETH) sure was frightful. It is alarming to see the price of an asset decline by more than 10% in a single day. However, considering the ascending channel that Ethereum (ETH) has been trading in, this had to happen someday. As the above 4H chart for ETH/USD shows, Ethereum (ETH) had to fall to the bottom of the ascending channel. If anything, Bitcoin (BTC) has done it a favor by accelerating the decline. Ethereum (ETH) has bounced strongly off the bottom of the...

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Has Bitcoin (BTC) Finally Succumbed To Stock Market Pressure?

Bitcoin (BTC) held its ground when the stock market plunged deep into the red yesterday. Both the S&P 500 and Dow Jones Industrial Average registered significant drops. However, Bitcoin (BTC) remained unaffected by it. Today, the stock market registered heavy losses again. This time Bitcoin (BTC) seems to have succumbed to the global market pressure. The decline, shown by the above 4H chart for BTC/USD, was a sharp one. The price nosedived below the triangle and has yet to show any signs of a reversal. Bitcoin (BTC) and the stock market have little in common at this point. The current...

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Eos (EOS) Investors Unmoved By Bitcoin (BTC) Selloff

Chart for EOS/USD (1W) Cryptocurrency markets plunge deep in the red, dancing to the tune of Bitcoin (BTC). Eos (EOS) investors are not moved by this confusion. In fact, as the above weekly chart for EOS/USD shows, the price of Eos (EOS) has not corrected the same way as the rest of the market. A lot of altcoins have formed bullish cypher patterns during the correction. However, unlike them, Eos (EOS) did not bother to complete its bullish cypher pattern. It snuck out in the middle of the correction and took off to test the 10 Week EMA. It has...

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Cardano (ADA) Could Moonshot After Coinbase Listing

Chart for ADA/USD (1W) Cardano (ADA) is the cryptocurrency with the highest probability of being listed next on Coinbase. Cardano (ADA), which is supported by IOHK, is the firm run by Charles Hoskinson, the founder of Cardano (ADA). They are known for their low key style. They focus more on development and less on marketing. Recently, IOHK along with ETC Dev succeeded in getting Ethereum Classic (ETC) on Coinbase. That listing did surprise a lot of people when Ripple (XRP) was bypassed. However, the fact of the matter is that Coinbase has grown too big to toy around. They are...

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