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Ethereum (ETH) Likely To Slide Below $130 If Price Closes Below 200 Day MA

Ethereum (ETH) has made a sudden move to the upside just like Bitcoin (BTC) although not as intense. This is quite surprising to see as usually altcoins rally a lot more than Bitcoin (BTC) whenever the market recovers. The fact that this did not happen should be a cause for alarm in itself as to what could be the catalyst behind this move and whether or not this is sustainable. On surface, the answer is clear. The daily chart for ETH/USD shows that the price is struggling to break past a strong trend line resistance that it has failed to...

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How Ethereum Is Losing Its Grip In Terms Of Market Share

It was back in 2015 when Ethereum came into existence and at the time, it was hailed as something that could be the successor to Bitcoin. This was due to the fact that it offered tools which allowed programmers to create apps that could perform transactions automatically rather than just serving as a means of exchange. Now, in 2019, the network that is running Ethereum is losing market share. This long-promised project is touting better features are starting to be delivered on rival platforms and some startups are using coins like EOS and Stellar to raise funds through initial coin...

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Ethereum (ETH) Primed For Its Biggest Decline Since The Beginning Of The Year

Ethereum (ETH) has been trading sideways for the past few weeks to no avail. The price has neither gone up nor come down but only traded further along the ascending triangle it has been trading in. This ascending triangle also forms part of a large bear pennant which means the price is likely to decline significantly should it fall below this triangle. That being said, Ethereum (ETH) bulls are still hopeful about a bullish reversal that could kick in if the 50 day moving average crosses above the 200 day moving average to form a golden cross. This golden cross...

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Sally Ho's Technical Analysis 28th March 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00. Technical Support is expected...

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WhatsApp To Support BTC, XRP & ETH

It seems that the worldwide famous WhatsApp might be adopting Bitcoin along with other tokens through a new crypto wallet service developed by Wuabit. The new Wuabit service will allow users of the popular social network to access their crypto assets from within WhatsApp. Wallet functions include sending, receiving, trading and in the future maybe other crypto related tasks will be added. In addition to this, the team is planning to bring the service to other social media like Telegram, Viber and Facebook Messenger. The rumours suggest that public beta will start next month. The firm has mentioned that AI...

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