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IOTA (MIOTA) All Set To Mark A New ATH For 2018

IOTA (MIOTA) is probably one of the few coins to have completed a head and shoulders pattern. The price action supports a bullish rally at this point, but IOTA (MIOTA) has yet to find a bottom. Crypto market correction is not over yet and IOTA (MIOTA) may have to break market structure and fall below the support line to find its bottom. This would mean fully completing the head and shoulders and then falling below the shoulder and breaking market structure to find a bottom below $1. IOTA (MIOTA) currently trades at $1.08 and is down 79% from its all...

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Bitcoin (BTC) Likely To See Further Downside In The Weeks Ahead

Bitcoin (BTC) continues to demonstrate weakness as the volume is at its lowest since the beginning of the year and interest is fading away. Search engine volume for Bitcoin (BTC) has fallen back to its lowest. While some may argue that this is a good sign to start buying up, it is important to note that Bitcoin (BTC) has not yet broken important resistance lines for a reversal to be expected. The EMA alignment continues to remain bullish and price action looks weak to breach the near term resistance line (shown in orange). RSI levels for Bitcoin (BTC) also signal...

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Neo (NEO) Decentralization Move Brightens Up Its Future Prospects

Neo (NEO) price shot up to join the top 10 league soon after its announcement of electing a consensus node. This move comes at a time when critics, despite being aware of Neo (NEO)’s superior technology as the “Chinese Ethereum”, have often attacked the project for being too centralized. One aspect of this perception is Neo (NEO)’s link to China as everything connected to China is seen as centralized or controlled in some way. Regardless of that perception, Neo (NEO) may not have been a decentralized coin but it was no more centralized than most other blockchain projects are. The...

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Stellar (XLM) Continues To Attract New Investors While Ripple (XRP) Struggles With Security Status

Investors in the digital payments industry have turned their attention to Stellar (XLM) as Ripple (XRP) just got served with another lawsuit concerning its legal status as a potential security. Stellar (XLM) has had a promising partner in IBM for quite some time now. With rumors that IBM is going to launch its own cryptocurrency using the Stellar blockchain, interest in this cryptocurrency has grown tremendously despite weak price action and a near term bearish outlook. Stellar Lumens (XLM) is still trading in a falling wedge against USD as can be seen above on the 1D chart. The price action...

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Ethereum (ETH) Price Action Hints Market Correction Not Over Yet

Ethereum (ETH) has been trading in a bullish channel since the previous bull market. It touched the bottom of this channel at the beginning of 2017 and then touched the top of this channel twice, once in June 2017 and then again in late January 2018. After that, the price has continued to fall continuously, but has yet to touch the bottom of the channel. In April this year, the price made an attempt to reverse in the wake of an expected altcoin rally but negative Bitcoin (BTC) price action soon dragged the price down. At this point, there is...

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