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Ethereum (ETH) All Set To Decline Below $200 As Price Tops Out

Ethereum (ETH) recently saw a strong rejection at the $270 resistance level and has now begun its decline towards the bottom of the ascending channel it has been trading in. The price did manage to rise above the $270 mark but it failed to close above it. That being said, it did close above the 1.272 Fibonacci retracement level which was a false bullish signal as the price declined below that level and managed to close below the 1.272 Fib retracement level the next day. ETH/USD flash crashed to $223 but bounced strongly off it. However, that did not stop...

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Crypto Startup Working Towards Adoption for Major US Brands

Flexa is a startup that has some of America’s biggest retail brands to use its payment-processing network that will let consumers buy goods and services with cryptocurrency. Some of those brands include: “Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate and Barrel, Jamba Juice, Lowe's, Nordstrom, Office Depot, Petco, Regal Cinemas and Amazon's Whole Foods Market.” As it says on the website: “Flexa is a new payments network, built using cryptocurrencies, that brings buyers and sellers closer together in order to cut processing cost, eliminate fraud, and preserve your privacy.” When it comes to cryptocurrencies, a...

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Sally Ho's Technical Analysis 18 May 2019

Bitcoin Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session and traded as high as the 7441.66 level, having orbited its 50-bar MA (4-hourly) since early yesterday. Traders are still discussing yesterday’s so-called flash crash that saw the price dive to the 6600.00 figure after many Stops were elected on the way down. BTC/USD came off approximately US$ 1,340.75 in less than three hours and at one point fell US$ 1,000.00 in about eleven minutes. During the acute downturn, Stops were elected below the 6730.01 and 6677.81 areas, both of which represented retracement levels that easily gave way and...

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Ripple (XRP) Could Crash Below $0.15 During The Next Downtrend

Ripple (XRP) is hanging by a thread as the price is ready to decline all the way to the bottom of the descending triangle it has been trading in since 2018. This triangle is now extremely likely to be broken to the downside as Ripple (XRP) has failed miserably every time it has attempted to break out of it. The price has now faced a strong rejection at the top of this descending triangle and is headed towards the 200 day moving average. It is likely that the price will find short term support at that level but uncertainties loom...

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The Gold vs Bitcoin Debate: Winklevoss Get On-Board

Making the comparison of bitcoin and gold is one that is thrown about a lot fo nowadays. It’s one that was inspired by grayscale Investments with an advert that made waves across crypto twitter and the rest of the social media outlets. Grayscale offers a Bitcoin Trust among multiple other digital asset trusts. The advert definitely garnered some attention and now, hearing the gold/Bitcoin comparison is ten a penny. Following the debut of the ad, a lot of prominent crypto figures kept saying in the phrase “drop gold for Bitcoin”. One half of the Winklevoss twins and co-founder/CEO of Gemini,...

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