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Cardano (ADA) Hits Rock Bottom, Eyes Trend Reversal

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency has already completed its correction and formed a bottom. RSI conditions for ADA/BTC still show price action to be in downtrend even as it trades under oversold conditions. The VIX profile for the same ADA/BTC weekly chart also shows a strong sign of a bottom formation. The four consecutive green bars visible on the above chart confirm that Cardano (ADA) has formed a strong bottom and is now ready for a trend reversal. Cardano (ADA) has so far respected...

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Is Ethereum (ETH) In Legal Trouble?

Chart for ETH/USD (1W) Ethereum (ETH) had been under a lot of heat from regulatory bodies over its status as a noncompliant security. While this debate may not have much weight in the case of other cryptocurrencies, it holds a lot of significance in the case of Ethereum (ETH) owing to a sale of 60 million ether tokens by The Ethereum Foundation in July 2014. This sale raised 31,000 Bitcoin (BTC) valued at around $18 million. As the sale can be deemed a speculative launch that could lead to an increase in the value of Ethereum (ETH), this deal can...

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Why Lisk (LSK) Is A Rip-Off Below $3

Chart for LSK/USD (1W) Lisk (LSK) is the popular fork of a cryptocurrency known as Crypti. The ambitious cofounder of Lisk, Max Koredk created the fork version to build his own blockchain for smart contracts and Dapp development. This happened in 2016, the same year Microsoft partnered up with the project for help with its Microsoft Azure Service. Lisk (LSK) recently lost its place in the top 20 league but we believe that is temporary as Lisk (LSK) is a coin with immense potential. The basic purpose of Lisk (LSK) is to enable even non tech entrepreneurs to build their...

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How Low Can Bitcoin (BTC) Afford To Fall?

Bitcoin (BTC) has practically done nothing for the last few weeks. The next few days have the potential to decide the fate of Bitcoin (BTC) for the months ahead. So far, the cryptocurrency has done well to stay above $6,000 but having breached that level once, it would not be a surprise if it did that again. However, this time around the consequences will be grave if something like that happened. If Bitcoin (BTC) falls below $6,000 and continues to stay down till the end of October, it is highly likely to enter another bear trend. The long term trend...

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Ripple (XRP) Might Touch $5 In Q1 Of 2019

Ripple (XRP) is about to begin a new trend. The daily chart for XRP/USD shows that Ripple (XRP) has already broken out of the bullish gartley formation and is due for a breakout anytime now. RSI for the above chart shows that Ripple (XRP) has already broken its downtrend and is now waiting for the rest of the market to recover so it can resume its bull trend. This is not the first time a weak Bitcoin (BTC) has put a stop to Ripple (XRP)’s aggressive rally. It might seem as a negative development to most investors who have been...

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