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Ethereum Classic (ETC)’s Next Move Will Be Decisive

Ethereum Classic (ETC) like many other altcoins has completed its correction. It is down to Bitcoin (BTC) now to resume its uptrend so the rest of the market can follow. The above weekly chart for ETC/BTC shows that Ethereum Classic (ETC) has finally formed a bottom against Bitcoin (BTC). The next move it makes from this point forward will be a decisive one. If Ethereum Classic (ETC) breaks the trend line and falls further, it will be the start of another correction. On the other hand, if Ethereum Classic (ETC) climbs towards the downtrend resistance, it will have to break...

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Are The Odds Against Bitcoin (BTC)?

Are the odds against Bitcoin (BTC)? In the short term, yes, the odds are against Bitcoin (BTC). The above daily chart for BTC/USD shows Bitcoin (BTC) trading in a symmetrical triangle. As can be seen very clearly, the price was falling before August 14 when it entered the symmetrical triangle. This means that the price is likely to keep falling after exiting the symmetrical triangle. Technical indicators are also against Bitcoin (BTC). Wave trend analysis points to further downside in the days ahead. RSI also has ample room to go down. The price has fallen below both the 21 Day...

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QTUM: Blue Chip Crypto With The Lowest Risk/Reward

Chart for QTUM/USD (1W) There are not many top cryptocurrencies that have gone through the same extent of correction as QTUM. The price of QTUM is still down 96.1% from its all time high. The price declined from $100 in January and fell all the way down to $3.16. If it were any other cryptocurrency, this would be a serious cause for concern. However, the reasons for this decline are pretty clear in the case of QTUM. During the latter half of 2017, QTUM started to see a lot of interest from the crypto community. It was dubbed the “Ethereum...

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How Overvalued Is Cardano (ADA)?

Chart for ADA/BTC (1W) Cardano (ADA) has been the centre of attention among crypto enthusiasts for quite some time. Since its inception, this unique project has been considered a better alternative to Ethereum (ETH)’s scalability and proof of stake model. However, Cardano(ADA) is not alone to have such a solution. There are other cryptocurrencies with unique solutions to these problems that are considered undervalued. Cardano (ADA) on the other hand is often criticized as being overvalued. It has long enjoyed a top 10 rank and continues to see interest from the crypto community. The brain behind this project, Charles Hoskinson...

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Litecoin (LTC) All Set To Finally Break Downtrend

Litecoin (LTC) has never been this bullish in a long time. The above weekly chart for LTC/USD shows how persistently it bottomed out between August and October. In addition to that, Litecoin (LTC) has now found a solid support right next to its downtrend resistance. As the price of LTC/USD has now traded further down the triangle, it has thus become easier to breakout. Litecoin (LTC) has managed to remain below the 10 Week EMA for the most part. However, the current weekly candle is extremely likely to close above the 10 Week EMA for the first time since April....

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