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Sally Ho's Technical Analysis 13 April 2019

Bitcoin Bitcoin (BTC/USD) continued to struggle with the 50-bar MA (4-hourly) during the past 24 hours and was generally thwarted around the 5105 – 5100 area, barely eclipsing the indicator to briefly trade as high as the 5118.56 area. Traders were probing technical Resistance up to 5125.85 during the move higher, representing the 38.2% retracement of the 5488.00 – 4901.99 range. On the downside, the pair bounced higher from the 5002.39 area during yesterday’s session, right around the 23.6% retracement of the 5345.00 – 4778.00 range. Chartists are eyeing the 5195.00/ 5264.14 areas as upside technical Resistance with Stops expected...

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Ethereum (ETH) Might Take A While To Drop Below $160

Ethereum (ETH) has faced a strong rejection at a critical trend line resistance which means the price is highly likely to decline in the weeks ahead. However, now that it has declined so sharply in such a short time, we expect the price to take a while to consolidate or rally before it can fall further. The 4H chart for ETH/USD shows that the price has ample room to rally considering that its Stochastic RSI is oversold short term and the RSI has found a trend line support that could see the price rally back towards the top of the...

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What’s Happening With BTC, TRX, ETH & XRP?!

Another week, another crypto! These past few weeks have been very exciting for the crypto space with Bitcoin moving up past $5,000 and the majority of other cryptocurrencies following in its footsteps. This week saw a lot of news stories surface but today we’re going to focus on the top three. Ripple’s new partnership could see XRP surge, China is moving towards banning BTC mining and Justin Sun hints at a potential partnership between TRON and Ethereum. Ripple With Ripple’s popularity continuously growing, the firm's customer base is on the rise. They seem to be making partnerships with a lot...

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TRON Is The Fastest Growing dApp Platform But Developers Still Prefer ETH

Earlier this week, a report published by the dApp analytics website dapp.com who has revealed that TRON has the fastest growing dApp user base compared to Ethereum’s that is rapidly shrinking. On the Ethereum chain, there was a four percent decrease in the number of dApp users compared to last year. More than 72,000 old users are still using Ethereum-based dApps in 2019. Decentralised Exchanges (DEXs) are responsible or more than half of the ETH dApp transaction volume, shortly followed by gambling apps. On top of this, gamers were reportedly the most active ETH dApp users with more than 40...

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Ethereum (ETH) Eyes Recovery After A Massive Decline

Ethereum (ETH) has currently reached oversold conditions on shorter time frames. This means that the price could bounce up short term to retest the resistance at $187 or possibly extend a rally towards $200 now that fewer people expect it. However, the price still remains overbought on larger time frames and we still believe that it is far from its true bottom yet. That being said, sharp pullbacks like these are followed by some correction to the upside. The Fear and Greed Index has also risen by two points today which means that investors are eager to buy the pullback...

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