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Has Stellar Lumens (XLM) Finally Broken Out Of The Downtrend?

Stellar Lumens (XLM) is once again on a bull spree as the price has broken out of a triangle on the daily XLM/USD chart and is now expected to surge higher in the days ahead. The last time Stellar (XLM) broke out of a similar triangle, it completed a massive bull run which led to Stellar Lumens (XLM)’s recent ATH. The price then followed a similar pattern and traded in another triangle all the way till mid July, until breaking out. The price is now once again at a similar point where such a rally can be expected. RSI conditions...

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Cardano (ADA) Correction Might Be In Its Final Stages

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency is close to finish its correction and will likely find a bottom around mid August, if it trades with the same momentum. RSI conditions for ADA/BTC still show price action to be in downtrend even as it nears oversold conditions. Wave trend analysis for the same chart shows that the price is likely to trade lower in the next few weeks until a bottom is found. Cardano (ADA) has so far respected lower limits of the pitchfork it is...

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Bitcoin (BTC) Prepares For Its Biggest Fall In Weeks

Bitcoin (BTC) has run into strong resistance as it struggles to break past the downtrend line, but overall conditions indicate that this rally is now over. RSI on the BTC/USD chart above is trading in a rising wedge and has now reached the upper limit of the wedge. The IFT Stochastic also indicates a pull back as it has topped out. EMA alignment for BTC/USD continues to remain bearish. This indicates that the price is due for a pull back in the near future and is expected to correct in a downward direction. As the volume continues to dwindle with...

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Ethereum (ETH) Price Action Confirms Altcoin Downtrend Not Yet Broken

Ethereum (ETH) continues to be in a strong downtrend on the ETH/USD daily chart, having faced a rejection at the upper limit of the resistance line in May. The price has yet to find a bottom but it is getting closer to the lower limit of the ascending channel. If Ethereum (ETH) continues to trade at its current pace, it is likely to find a bottom around September at the latest. Ethereum (ETH) being the largest cryptocurrency platform and the second largest coin by market cap also serves as an indicator of the price action of the rest of the...

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Ethereum Classic (ETC) Seems To Be On The Verge Of A Massive Breakout

Ethereum Classic (ETC) is about to complete a full cycle as it corrects against Bitcoin (BTC) as can be seen on the ETC/BTC chart above. The price continues to be in a downtrend as the resistance has yet to be breached but the lower the price goes, the easier it gets for Ethereum Classic (ETC) to break out of the downtrend. So far, Ethereum Classic (ETC) has demonstrated Bitcoin (BTC) like properties, not only because of its limited supply and decentralized economy but also because of its price action. Ethereum Classic (ETC) has been a favorite among cryptocurrency investors for...

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