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Ethereum (ETH) Likely To Consolidate Before A Trend Reversal

Chart for ETH/USD (1D) Ethereum (ETH) has entered the same phase as it was in back in 2017 when the price consolidated before a big run up. A lot of investors have been expecting an explosive Q4 for cryptocurrencies since the beginning of this correction. The current price action confirms that could be the case as Ethereum (ETH) has now entered in a consolidation phase after completing an extensive correction. The price is expected to consolidate all the way till mid September before beginning a new cycle. Very few of us have been in this space since the early days...

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Bitcoin (BTC) Poised For A Retest Of $5,800 Support In September

Bitcoin (BTC) seems to have made a recovery the last few days but since the beginning of this month, it has been trading in a big rising wedge that extends all the way to Bitcoin (BTC)’s downtrend resistance. The above daily chart for BTC/USD shows that the price has room to rally till $7,500 as mentioned in one of our previous analyses but any positive momentum at this stage will most likely be short lived as Bitcoin (BTC) risks falling back to the $5,800 support once it break out of the rising wedge. Volume flow indicator on the above chart...

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Ripple (XRP) Poised For A Massive Breakout In The Days Ahead

Chart for XRP/USD (1W) Ripple (XRP) has had an extraordinary correction. Most investors not familiar with Ripple (XRP) would find it hard to believe that the third largest coin by market cap fell from $3.2 to current levels. This extensive correction is an indication that Ripple (XRP) attracted a lot of quick buck artists. However, recently many investors have come to value Ripple (XRP) as a long term investment as they believe it will eventually dominate the trillion dollars forex market. How, when or if that will ever happen is not yet clear but one thing is clear that Ripple...

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Ethereum Classic (ETC) Might Soon Be The Face Of IOT And The Fourth Industrial Revolution

Chart for ETC/XBT (1W) Ethereum Classic (ETC) has been fully focused on immutability and decentralization from the very beginning, but in markets like these where most investors are focused on quick returns rather than long term investments in promising technologies, concepts of immutability and decentralization did not matter much in itself. However, what most investors failed to realize was that this amalgamation of immutability and decentralization is what makes Ethereum Classic (ETC) the best fit for emerging technologies like the Internet of Things (IOT) and the Fourth Industrial Revolution. Most blockchain projects today are centralized. This can be a good...

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Why Bitcoin (BTC) May Fall Further But Altcoin Rally Is Just Getting Started

Bitcoin (BTC) has been through an extensive correction but it is not out of the woods yet. There are still plenty of analysts calling for a $3,000 bottom. In normal circumstances, the chances of that happening are negligible. If things remain as they are, there is no reason Bitcoin (BTC) might fall below $5,000. However, as we have seen in the past, it does not take much for things to change in this market. The last time we had a correction followed by another correction was back in 2014 when the Mt. Gox hack pushed Bitcoin (BTC) into a second...

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