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XRP Or Ethereum?

In terms of market capitalisation, XRP and Ethereum are very close rivals. Over the past year, the two have frequently battled it out for the second spot in the markets, becoming the second ‘biggest’ cryptocurrency on the planet in the process. Whilst this sort of market cap battle is mostly meaningless, it does bring some positive attention to XRP and Ethereum as cryptocurrencies. So, in the battle between the second and third best, which will come out on top? In order to hazard a guess at this, we need to understand the advantages and drawbacks to each cryptocurrency. Firstly, XRP...

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Ethereum (ETH) In A Parlous Position Amid Waning Altcoin Confidence

Ethereum (ETH) is on the verge of a massive decline as it nears a break below the descending triangle. This move is going to be extremely devastating for Ethereum (ETH) amid waning altcoin confidence. Some contrarian traders are taking this is an opportunity to buy Ethereum (ETH) and other altcoins hoping the sentiment would reverse but it is important to realize that the market can stay irrational longer than you can stay solvent. Ethereum (ETH) and other altcoins have taken a massive hit against Bitcoin (BTC) but that does not mean things can’t get worse if the market begins to...

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Sally Ho's Technical Analysis 26 August 2019

Bitcoin Bitcoin (BTC/USD) moved sharply higher early in today’s Asian session as traders pushed the pair to the 10,680.00 level, its strongest print since 20 August.  Stops were elected above several key levels, including the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44 and one that had proven to be tough technical Resistance over the most recent trading sessions.  Traders also triggered Stops above the 100-bar MA (4-hourly), the pair’s first move above this level since 13 August. The pair bounced higher just above the 9,938.16 area over the weekend, a level that represents the...

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Sally Ho's Technical Analysis 25 August 2019

Bitcoin Bitcoin (BTC/USD) continued to consolidate recent gains early in today’s Asian session as the pair traded back below the psychologically-important 10,000 figure following its recent move to a relative high of 10,478.00.  Stops were elected below the 10,033.66 area during the move lower, representing the 61.8% retracement of the move from 9,759 to 10,478.  Bids emerged around the 9,880.59 area, representing the 61.8% retracement of the move from 7,427 to 13,850. BTC/USD Bears also triggered Stops below the 10,218.54 area during the pullback, the area where the 50-bar MA (hourly) was then indicating.  The pair’s short-term outlook and bias...

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Ethereum (ETH) Primed For A Crippling Crash In The Near Future

Ethereum (ETH) is on the verge of one of a devastating decline. No number of relief rallies to the upside that temporary raises bullish morale is going to change that. There is a difference between bullish sentiment and bullish setup. Sentiment does not take much to change but the setup takes a lot to change and what we see before us on the 4H chart for ETH/USD is a bearish setup. The price is trading within a strong downtrend inside of a descending triangle. This triangle is now very likely to be broken to the downside during the next decline...

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