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NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 9, 2018

NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 9, 2018

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Please share if you find this article interesting. NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 9, 2018 It has been a hot and cold week for Bitcoin and alt coins as NEO, Litecoin, Stellar Lumens, IOTA and EOS. While impressive developments continue to happen in most of these coins, our altcoins technical analysis points to lower lows in the coming days unless otherwise. This week I shall primarily focus on EOS-it’s up 5.34% in the last 7 days and see if buyers will build on Dawn 3.0 news. Let’s have a look at these charts: XLM/USD (Stellar Lumens) XLMUSD 4HR Chart from Bittrex for April 9, 2018 Supportive comments from IBM over the weekend and after all, they have a stake in Stellar. As we all know, IBM is a technological front runner and blockchain shillers. C
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Bitcoin Price Weekly Analysis – BTC/USD’s Upsides Remain Capped

Bitcoin Price Weekly Analysis – BTC/USD’s Upsides Remain Capped

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Please share if you find this article interesting. Bitcoin Price Weekly Analysis – BTC/USD’s Upsides Remain Capped Key Points Bitcoin price is slowly recovering and forming support around the $6,500 level against the US Dollar. There is a major bearish trend line forming with resistance at $7,500 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to move above the $7,400 and $7,500 resistance levels to gain upside momentum. Bitcoin price is supported nicely above the $6,500 level against the US Dollar. BTC/USD must clear the $7,500 hurdle for more gains in the near term. Bitcoin Price Resistance After a major decline, bitcoin price formed a decent support above the $6,500 level against the US Dollar. The price started an upside move and traded above $7
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Ethereum Price Weekly Analysis – ETH/USD Could Recover Further

Ethereum Price Weekly Analysis – ETH/USD Could Recover Further

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Please share if you find this article interesting. Ethereum Price Weekly Analysis – ETH/USD Could Recover Further Key Highlights ETH price formed a low near the $360 level and started an upside move against the US Dollar. There was a break above a major bearish trend line with resistance at $370 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to move higher towards the $440 level as long as it is above $370. Ethereum price is slightly recovering against the US Dollar and Bitcoin. ETH/USD may recover further if it succeeds in gaining pace above $415. Ethereum Price Trend This past week was very heavy since ETH price traded lower towards the $350 level against the US Dollar. The price traded as low as $360 and later it started trading in a range. It co
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Bitcoin Cash Price Weekly Analysis – Can BCH/USD Hold $600?

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Hold $600?

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Please share if you find this article interesting. Bitcoin Cash Price Weekly Analysis – Can BCH/USD Hold $600? Key Points Bitcoin cash price declined this past week and tested the $600 support zone against the US Dollar. There is a monster bearish trend line forming with resistance at $680 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may continue to correct a few points higher, but it could face sellers near $680-700 in the near term. Bitcoin cash price remains in a bearish zone below $700 against the US Dollar. BCH/USD must stay above the $600 level to start a fresh recovery. Bitcoin Cash Price Support There were heavy losses in bitcoin cash price this past week from well above $700 against the US Dollar. The price declined and broke a few importa
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NEO, EOS, Litecoin, Monero and Stellar: Technical Analysis April 7, 2018

NEO, EOS, Litecoin, Monero and Stellar: Technical Analysis April 7, 2018

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Please share if you find this article interesting. NEO, EOS, Litecoin, Monero and Stellar: Technical Analysis April 7, 2018 The theme of the day had to do with Monero hard fork and EOS network developments. As we now know, Monero wants its new coin XMC to be ASIC resistant but apparently these miners have been behind it hash rate. It’s evident. Shortly after the fork, its hash rate dropped 80% before recovering hours later. EOS on the other hand is making visible progress with EOS Dawn 3.0 release. Obviously this is encouraging for coin supporters but in the short term, EOS is not finding support price wise. Let’s have a look at these charts: XLM/USD (Stellar Lumens) XLMUSD Weekly Chart from Bittrex for April 7, 2018 Despite Abra listing Stellar Lumens and potentially exposing t
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Analysis of the CoinJanitor Project, Its Vision and Mission

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Please share if you find this article interesting. Analysis of the CoinJanitor Project, Its Vision and Mission The CoinJanitor project is envisioned as a platform, which will offer a recycling solution to crypto coins that have lost their relevance in today’s market. It will be achieved by unlocking the value that is locked up in dead coins. This platform also wants to reduce dilution in the crypto markets by amalgamating communities of dead coins into the CoinJanitor Community. The Vision of CoinJanitor Creators Today, there are over 4500 digital coins in circulation. However, most of these coins have died out. These dead coins are a major challenge for the crypto community. This is because the market usually has to deal with value dilution. The reason for this is that these coi
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Bitcoin Price Technical Analysis for 04/06/2018 – How Low Can It Go?

Bitcoin Price Technical Analysis for 04/06/2018 – How Low Can It Go?

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Please share if you find this article interesting. Bitcoin Price Technical Analysis for 04/06/2018 – How Low Can It Go? Bitcoin price completed its pullback to a descending trend line and Fib level, resuming the drop to the swing low. Price is currently testing the 38.2% Fibonacci extension level at $6500 and could be due for more downside. In that case, the next support could be at the 50% extension or $6240. Stronger selling pressure could take it down to the 61.8% extension at $5934 or the full extension at $4942.7. However, the 100 SMA is starting to cross above the longer-term 200 SMA to indicate that a reversal from the downtrend could be due once completed. Still, these moving averages could hold as near-term resistance on another bounce. Stochastic is pointing down to sig
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Ripple Price Technical Analysis – XRP/USD Consolidating Above $0.4700

Ripple Price Technical Analysis – XRP/USD Consolidating Above $0.4700

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Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Consolidating Above $0.4700 Key Highlights Ripple price remained in a tiny range and managed to hold the $0.4700 support against the US dollar. There is a short-term connecting bullish trend line forming with support at $0.4800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to move above the $0.5000 resistance level to gain upside momentum in the near term. Ripple price is under a lot of pressure against the US Dollar and Bitcoin. XRP/USD must stay above the $0.4700 support to avoid any further losses in the near term. Ripple Price Range There was no recovery during the past few sessions above $0.5000 in Ripple price against the US Dollar. There were mostl
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Bitcoin Cash Price Technical Analysis – BCH/USD Could Recover Short-term

Bitcoin Cash Price Technical Analysis – BCH/USD Could Recover Short-term

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Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Could Recover Short-term Key Points Bitcoin cash price fell to a new low below the $620 level recently against the US Dollar. There is a new connecting bearish trend line forming with resistance at $640 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains supported on the downside near the $615-620 area in the near term. Bitcoin cash price is holding a crucial support near $620 against the US Dollar. BCH/USD may recover in the short term above the $650 level. Bitcoin Cash Price Resistance There were more declines below the $630 level in bitcoin cash price against the US Dollar. The price even broke the last low and traded to a new monthly low of $616.1.
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NEO, EOS, Litecoin, Monero and Stellar Lumens: Altcoins Technical Analysis April 6, 2018

NEO, EOS, Litecoin, Monero and Stellar Lumens: Altcoins Technical Analysis April 6, 2018

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Please share if you find this article interesting. NEO, EOS, Litecoin, Monero and Stellar Lumens: Altcoins Technical Analysis April 6, 2018 Our altcoins technical analysis remains pretty much the same and with IOTA sliding, Monero found its way back to the top 10 spot. It definitely has to do with Lithium Luna network upgrade that makes it ASIC resistance which in turn fosters decentralization. Besides, streams of good news slowed down the erosion in Litecoin but generally speaking, odds of further lower lows are high. Let’s have a look at these charts: XLM/USD (Stellar Lumens) XLMUSD Weekly Chart from Bittrex for April 6, 2018 Other than prices which is trending at a 5-month lows, there is nothing much that can be said of Stellar Lumens even from a fundamental point of view. Ju