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Ethereum (ETH) Likely To Rally Hard As Price Finds Temporary Bottom

Ethereum (ETH) seems to have found a temporary bottom after a fierce fight between the bulls and the bears. Initially it appeared that the bulls were in control soon after ETH/USD recovered back above $200 but that did not last for long. The bears showed up and they fought hard to pull the price back to where it recovered from. So far, they have failed to do that and it is likely that they are not going to succeed anytime soon. For the ambitious bulls coming to the rescue, this is a good time to be long, but for the ambitious bears,...

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Sally Ho's Technical Analysis 17 July 2019

Bitcoin Bitcoin (BTC/USD) fell sharply early in the Asian session as the pair traded as low as the 9350.00 area after consistent selling started in earnest during yesterday’s Asian session when the pair was trading around the 11,080.01 area. This was just below the 38.2% retracement of the move from 6,600 to 13,868.44, and the pair’s weakest showing since around 20 June. The pair quickly moved below the 200-bar MA (4-hourly) as additional bearish sentiment intensified.  A relatively small amount of buying activity materialised during yesterday’s European session around the 10,512.56 area, right around the 38.2% retracement of the 5,072.01...

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Ethereum (ETH)’s Decline Below $200 Inevitable, Prices Eyes Next Downtrend

Ethereum (ETH)’s decline below $200 is inevitable. The price action on the 15 minute chart for ETH/USD corroborates our long term outlook and we see it declining to $186 before it finds a temporary support. Ethereum (ETH) has been pushed hard these past few weeks as it has now broken key support levels both against the US Dollar (USD) as well as Bitcoin (BTC). This means that we could see the price keep on declining till it finds support on the 61.8% fib extension level. Eventually we expect it to break below that level and fall to a double digit...

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Buterin Talks On Bitcoin Cash Implementation for Scaling Ethereum

One of the co-founders of Ethereum, Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The well-known crypto figure introduced a summary of the idea in a blog post published on 13th July. In the past, the Ethereum network has gone through some scalability problems, with its native blockchains capable of processing as few as fifteen transactions per second (TPS), whereas its rival, Ripple is believed to have a TPS capacity of 1,500. With this, the Ethereum community has been working hard on the next venture for the decentralised project,...

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Sally Ho's Technical Analysis 16 July 2019

Bitcoin Bitcoin (BTC/USD) encountered some light buying activity early in today’s Asian session as the pair traded as high as the 11,080.01 area, just below an important retracement area that represents the 38.2% retracement of the move from 6600.00 to 13,868.44.  The next upside retracement level related to this range is the 12,153.09 area and the next downside retracement level related to the range is the 10,234.22 area.  The pair came off after testing this area but found some Bids around the 10,836.86 level, just above the 61.8% retracement of the move from 8919.72 to 13,868.44. As expected by chartists,...

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