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Sally Ho's Technical Analysis 16 May 2019

Bitcoin Bitcoin (BTC/USD) expanded recent gains during today’s Asian session, reaching the 8269.69 level after finding some Bids late during yesterday’s European session. The pair generally stayed Bid during yesterday’s North American session and Stops were elected above the 8172.02 area, representing the 76.4% retracement of the move from 8350.00 to 7621.27. Traders continue to speculate whether BTC/USD will explode higher to fresh multi-month highs or whether it will instead consolidate recent gains. The pair continues to tightly hug its 50-bar MA (hourly). Above current price activity, the 9532.02 area is an upside target and it represents the 38.2% retracement...

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Ethereum Classic (ETC) Risks Sell-Off As Price Runs Into Trend Line Resistance

Ethereum Classic (ETC) has rallied successfully on short term bullish revival in the market. The price is now retesting a strong trend line resistance that it is unlikely to break. This is because the price has rallied too far too fast and now lacks the strength to break past it. This is likely to result in a rejection which will then push ETC/USD back towards the bottom of the ascending channel. Ethereum Classic (ETC) is a recovering blockchain project with promising prospects long term. However, it has a history of lagging behind when the rest of the market rallies. That...

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Lubin: ETH Scalability to Significantly Grow over Next Two Years

The co-founder of Ethereum, Joe Lubin has claimed that ETH will start making some serious gains when it comes to scalability over the next few years. Lubin spoke in an interview with CoinTelegraph where he stated that the ETH scalability, will be improved one thousand-fold over the next two years. Lubin noted that the Ethereum 2.0 update, codenamed Serenity, will be the key focus for the improvement to scalability. And so despite the growing space that is a cryptocurrency, the majority of top coin projects like Ethereum and Bitcoin still suffer from an inability to scale to levels that are...

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Starbucks & Blockchain Supply Chains - What does the Future Hold?

Blockchain tech is one of those things that is bound to get mainstream adoption but, like the internet, when a new technology comes out people are often sceptical until they see it in action. Blockchain is making moves all the time but one key area that the technology is gaining traction is in supply chains. With the growing consumer demand for transparency on the source of products, the coffee giant Starbucks is deploying blockchain to track coffee beans from the farm right to the consumers' cups. Vice President and CTO of Starbucks, Gerri Martin-Flicklinger recently described how CX is at...

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Ethereum (ETH) Finally Tests 50 Week MA, Price At Risk Of Significant Sell-Off

Ethereum (ETH) has just run into its 50 week EMA and is now likely to face a strong pullback to the trend lie support it has skyrocketed off these past few weeks. ETH/USD climbed slightly above $237 before it retraced to $233. So far, the price of Ethereum (ETH) remains heavily overbought on the weekly as well as the daily time frame. These moves seem to have unnerved a lot of greedy bears but smart money is not touching Ethereum (EHT) at these prices. The pump seemed to have been triggered by a few big players that got more institutions...

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