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Ethereum (ETH) Continues To Struggle To Break Past The 200 Day EMA

Ethereum (ETH) keeps on struggling to break past the 200 day EMA but so far it has had no success. The price did manage to shoot up above the 200 day EMA but it retraced below it quickly leaving a big wick to the upside. If we take a look at the daily chart for ETH/USD, we have seen that the price has broken to the upside from the pennant seen on the chart and is now eyeing further upside. A quick look at the Squeeze Momentum indicator tells us that the bears are on the verge of losing control...

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SEC Looking For Contractor On Running Ethereum Nodes

The United States Securities and Exchange Commission has announced plans to outsource its blockchain monitoring and compliance data. According to Trustnodes, the SEC is allegedly planning to run a Bitcoin and an Ethereum node through contractors. They add that it also plans a similar thing for the blockchain of other cryptocurrencies, Bitcoin Cash, EOS, NEO, XRP and more.  The commission published a notice on the Federal Businesses Opportunities website, saying: “The United States Securities and Exchange Commission (SEC), 100 F Street, NE, Washington, DC 20549, intends to procure a commercially available off-the-shelf (COTS) enterprise-wide data subscription for blockchain ledger data...

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Sally Ho's Technical Analysis 2 August 2019

Bitcoin Bitcoin (BTC/USD) scored decent gains early in today’s Asian session as the pair escalated higher to the 10,497.00 figure, just below the 10,508.20 area that represents the 38.2% retracement of the 5,072.01 – 13,868.44 range.  Prior to testing this important level, the pair traded as high as the 10,348.41 level during yesterday’s North American session, right around the 38.2% retracement of the move from 4,702.53 to 13,868.44. The pair’s testing of those levels and technical Support above the 10,271 level suggest an upside short-term bias that could propel market activity higher. BTC/USD traded above and below its 100-bar MA...

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The Next Few Days Are Going To Be Decisive For Ethereum (ETH)

Ethereum (ETH) is on the verge of a decisive breakout. The price did end up rallying hard yesterday but it was more of a Fakeout. We have already seen it reverse some of those gains. Now the price is back inside the pennant and we are back to square one trying to figure out what is likely to happen next. Basically, we have two possibilities here. Either the price breaks to the upside and gets stopped out at the21 Day EMA or the 50 Day EMA which will then be chalked as a fake out or the price falls straight...

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Sally Ho's Technical Analysis 1 August 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair traded as high as the 10,135.12 area following its move back above the psychologically-important 10,000 figure during yesterday’s North American session. Some Bids emerged right around the 50-bar MA (4-hourly) during yesterday’s European session when it was indicating around 9,716 area, and some Stops were elected during yesterday’s North American session when the pair moved above the 100-bar MA (4-hourly). The move higher to levels where BTC/USD bulls may try to establish demand above the 100-bar MA (4-hourly) may provide it with the catalyst to test...

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