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Ethereum (ETH) Momentum Turns Bearish, Major Bear Flag Remains Intact

Ethereum (ETH) declined below the 50 Week EMA and ended up closing just above the 21 Week EMA. The price is currently below the 21 Week EMA but we expect it to climb back above it sometime soon as the price could still trade within the large bear flag seen on the chart. This bear flag is the catalyst that will bring the price down to a new yearly low after we see a break below the ascending channel. RSI for ETH/USD shows that the price has topped out on the weekly time frame but that’s not all. If we...

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Ethereum Blockchain SDK Beta Released by Samsung for Galaxy Models

A lot of big companies are slowly jumping on the crypto bandwagon. One of those big companies is the mobile phone giant, Samsung who have just made a beta version of its blockchain software development kit (SDK) for the Ethereum blockchain available to partner developers. This kit will provide further tools for decentralised applications and blockchain mobile development on the latest Galaxy smartphones.  The SDK The South Korean based firm announced the beta version of its blockchain SDK which is available to partners who request early-access to the tools. The kt represents the next step in Samsun’s push to allow...

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Sally Ho's Technical Analysis 14 July 2019

Bitcoin Bitcoin (BTC/USD) edged lower early in today’s Asian session as the pair traded as low as the 10,842.01 area following steady selling pressure in yesterday’s European and North American sessions.  Traders were unable to punch BTC/USD above the 11,978.03 area during yesterday’s Asian session, an important technical level that represents the 38.2% retracement of the move from 8919.72 to 13,868.44. The next upside retracement level related to this range is the 12,700.54 area and the next downside retracement level related to this range is the 11,394.08 level followed by the 10,810.13 area. Traders lifted BTC/USD before it tested the...

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Sally Ho's Technical Analysis 13 July 2019

Bitcoin Bitcoin (BTC/USD) was slightly stronger early in today’s Asian session as the pair escalated higher to the 11,950.00 level, stopping just short of testing an important level around the 11,978.03 area, representing the 38.2% retracement of the 8,919.72 – 13,868.44 range.  The next upside price level related to this range is the 12,700.54 area and the next downside price level related to this range is the 11,394.08 area. Early in today’s Asian session, the pair found some buying demand right around the 100-bar MA (4-hourly), currently indicating around the 11,612.88 area. The price also continues to orbit the 50-bar...

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Ethereum (ETH) Unlikely To Climb Above $300 Again Anytime Soon

Ethereum (ETH) remains in a strong downtrend after the recent sell off pressure. This is expected to continue towards our $231 price target. We expect ETH/USD to decline in a head and shoulders formation that is more clearly visible on the daily time frame. The 4H chart shows that the price is declining having topped out. If the 50 EMA crosses below the 200 EMA on the 4H time frame, this will be a very bearish development and we might see the price decline sharply soon after that happens. So far, this downtrend remains intact and there is no hope...

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