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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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Ripple (XRP) Risks Significant Selloff Short Term

Ripple (XRP) has defied Bitcoin (BTC)’s gravitational pull these past few weeks. The above 1H chart for XRP/USD shows that Ripple (XRP) has surged aggressively these past few days. There have been no signs of a slowdown. However, all of this might soon be coming to an end as Ripple (XRP) risks major sell off short term. Ripple (XRP) has entered an extended rising wedge on the 1H timeframe. The price is extremely likely to fall below this rising wedge towards the near term support. Ripple (XRP) had previously formed a strong support base between $0.425 and $0.437. If the...

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Can Ethereum (ETH) Actually Go To Zero?

Ethereum (ETH) has been under unprecedented sell pressure these past few weeks. This pressure has been a result of the growing number of ETH Shorts on exchanges like Bitfinex. Recently, Jeremy Rubin, founder of MIT Digital Currency Initiative said that the price of Ethereum (ETH) will go to zero. The reasoning behind this is that people don’t necessarily have to use ETH for smart contracts on the Ethereum blockchain. This is partially true and Ethereum (ETH) founder, Vitalik Buterin recently addressed this quite well. He highlighted different ways in which Ethereum (ETH) will remain in use, for instance by block...

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Bitcoin (BTC)’s Breakout And Rise To New ATH Is Inevitable

Bitcoin (BTC)’s breakout from this point forward is inevitable. The price has been consolidating in a bullish pennant since last month. No investor or analyst who draws bullish pennants like these on a chart presents a bearish case. In that case, they have to rely on a triangle that extends a little further. However, that triangle has an equal chance of breaking to the upside. The bullish pennants visible on the above chart only break to the upside, in normal market conditions. History is a wonderful teacher in technical analysis. This is why the more data we have, the more...

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