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The Markets Are Flying High, Bitcoin, XRP, Ethereum Up

You might have noticed that at the moment the cryptocurrency markets are flying high. Values are on the up and as are our investments. Overall, this is very positive news given that generally the past year has been quite a depressing one for us. With the markets moving in the right direction, it can be quite easy for us to get ahead of ourselves, so we must remember to hold back at this stage and not let our excitement get the better of us.  Cryptocurrency investment is risky. Even the leading cryptos like Bitcoin, XRP and Ethereum do come with...

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Ethereum (ETH) To Hit The Bottom Of The Descending Channel After Crash Below 50 EMA

Ethereum (ETH) keeps trading within the descending channel that it entered in June. The price is now long overdue for a massive crash to the bottom of this channel. We know that the price is in no position to break this descending channel just yet and if it started to decline from here, it will have to test the bottom of this channel which is likely to drag the price down to a double digit price. If we take a look at the RSI, we can see that it has broken a strong uptrend and now signals further downside in...

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Sally Ho's Technical Analysis 8 August 2019

Bitcoin Bitcoin (BTC/USD) appreciated to the 12,088.00 area early in today’s Asian session as the pair continues to seek upward momentum following its test of the 12,320 area earlier this week. The market started to move higher on 28 July with conviction when price activity was around the 9,108 area and has generally been Bid since then, other than some profit-taking during Tuesday’s trading activity.  The pair is now trading above its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly) and chartists are observing a continued bullish convergence of the 50-bar MA (4-hourly) and the 200-bar MA (4-hourly)....

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Ethereum (ETH) Dominance Plunges To New Lows

Ethereum (ETH) dominance has now declined to new lows. This is a very bearish event for the altcoin market in general and Ethereum (ETH) in particular. If we take a look at the daily chart for Ethereum Dominance (ETH.D), we can see that it plunged to new lows yesterday. It ended up closing the day by bouncing up significantly but now it has begun another day in the red. This is quite interesting to see at a time when 80.3% of traders are long and 19.7% traders are short on Ethereum (ETH) at the moment. This is an even bigger...

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Iran To Ban Ethereum

Across Asia, the feeling towards cryptocurrency is rather positive, though this doesn’t mean that all countries on the continent are following the trend. Recent reports suggest that Iran have recently taken steps to ensure that cryptocurrency trading in Iran is to become illegal. This means that the purchase and trade of cryptocurrencies like Ethereum and Bitcoin is to become against the law. According to FXStreet: “The Cabinet of Ministers of Iran has approved the bill that made cryptocurrency trading illegal on the territory of Iran. Meanwhile, crypto mining is considered as eligible industrial activity, the local media outlet PressTV reports....

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