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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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Bitcoin (BTC): How Will Hodlers Cope With Bullish Pressure?

Chart for BTC/USD (1W) Bitcoin (BTC) hodlers have held on to their horses during the bear trend. They have refused to give in to market pressure. In fact, most hodlers are holding at more than 70% losses. However, they have no intention of selling as they believe the price will eventually go up. In any market, there are different types of investors with different approaches. Hodling is also an approach and a very effective one. However, not all investors become hodlers for the same reason. This means that most of them do not necessarily have a plan. So, they are...

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Bitcoin (BTC) May Never See $6,000 Again

Chart for BTC/USD (1W) Bitcoin (BTC) is finally out of the woods. The above weekly chart for BTC/USD shows that Bitcoin (BTC) has formed a weekly candle above the historical downtrend line. This is the first time since January 2018 that Bitcoin (BTC) has breached this resistance line and formed a candle above it. The 10 Week EMA is about to cross above the 21 Week EMA which will confirm the beginning of a new cycle. As the new cycle is confirmed, Bitcoin (BTC) will immediately rise above $7,000. Industry leaders like Tom Lee of Fundstrat and Arthur Hayes of...

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Ripple (XRP) Defends 5 Week EMA Amid No Signs Of A Slow Down

Chart for XRP/BTC (1W) Ripple (XRP) has defended its 5 Week EMA. This is a clear message to all the critics out there calling Ripple (XRP)’s rally a pump and dump. RSI for the above weekly chart for XRP/BTC does seem to have neared the overbought range. However, there is no sign of a slowdown yet and something bigger is brewing on the bigger picture. The accumulation to distribution ratio on the above chart shows something very interesting. From the beginning of 2018 till mid September we saw a steady decline in accumulation against distribution. However, towards the end of...

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