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Category: NewsBTC

Ripple Price Analysis: XRP/USD Facing Tough Challenge

Key Highlights Ripple price declined further and traded below the $0.6000 support level against the US dollar. Yesterday’s highlighted important bearish trend line with current resistance at $0.6300 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher and it may face hurdles near the

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Ethereum Price Analysis: ETH/USD Back Below $600

Key Highlights ETH price nosedived below $620 after it struggled to move above the $650 resistance against the US Dollar. There are two bearish trend lines forming with resistances at $610 and $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating losses above $650 and it remains at

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Asian Altcoin Trading Roundup: Steem Steams Ahead

FOMO Moments The rout has continued and markets have fallen faster again today. Selling pressure could not be overcome and has accelerated through the morning in Asia with markets tumbling towards $300 billion. Bitcoin has continued to slide falling back 4% on the day to $7,600. In the time tested formula, altcoins have all fallen

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Bitcoin Cash Price Analysis: BCH/USD Jaw Dropped Below $1,000

Key Points Bitcoin cash price declined sharply and moved below the $1,000 support against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $1,080 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher towards the $1,050 and $1,080 resistance levels

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Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen?

Bitcoin Price Key Highlights Bitcoin price continues to trend lower but is currently testing short-term support. A bullish divergence can be seen on stochastic, signaling a possible bounce back to the top. The Fibonacci retracement tool shows the nearby upside targets. Bitcoin price could be due for a bounce off the channel support back to

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EOS Losses $5 Billion in Three Weeks: EOS Price Analysis (May 24)

After Tron, EOS is the only coin whose losses are at least moderate-they aren’t too way off. Even after EOS sellers stepped on the gas, prices are still down 10 percent in the last week. In theory, EOS prices should be bubbling in the run up to EOSIO mainnet launch but unexpectedly, we are contend

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Unverified Source Claims Tron-Alibaba Deal Will Be Officially Announced Shortly After Mainnet Launch: EOS, Tron, Litecoin, Stellar Lumens and IOTA Price Technical Analysis (May 24)

All coins in the top 10 are in a decline printing losses in the last 24 hours. Even EOS and Tron are in negative territories despite major market moving events coming in less than two weeks. Well, this is good for value traders who are busy buying on dips in lower time frames. In my

The post Unverified Source Claims Tron-Alibaba Deal Will Be Officially Announced Shortly After Mainnet Launch: EOS, Tron, Litecoin, Stellar Lumens and IOTA Price Technical Analysis (May 24) appeared first on NewsBTC.

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Bitcoin Price Watch: BTC/USD Breakdown Looks like Real Deal

Key Points Bitcoin price failed to hold the $8,240 support and declined sharply against the US Dollar. There is a major bearish trend line formed with resistance at $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may well correct higher in the short term towards the $8,100 and

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Cardano Price Analysis: ADA/USD Upsides Remain Limited

Key Highlights ADA price declined recently and broke a key support at $0.2300 against the US Dollar (tethered). There was a break below an important bullish trend line with support at $0.2450 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair traded towards the $0.2100 level and it seems like

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Ripple Price Analysis: XRP/USD Broke Significant Support

Key Highlights Ripple price failed to hold a major support area near $0.6500 and declined against the US dollar. There is a crucial bearish trend line forming with resistance at $0.6450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct higher, but the broken support at $0.6500 is

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Ethereum Price Analysis: ETH/USD Tumbled Below $655

Key Highlights ETH price was not able to move above the $700 resistance and declined sharply against the US Dollar. There is a new connecting bearish trend line forming with resistance at $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but upsides are

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Asian Cryptocurrency Trading Update: Zcash Investment Keeps it Climbing

FOMO Moments The sideways market is over and the bears are in full control. A wave of panic selling seems to have washed across crypto land once again and markets have hemorrhaged $27 billion in 24 hours. Bitcoin has plummeted below the psychological $8k barrier and shed 4.6% on the day trading at $7,930 at

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