Tuesday, June 25Your Daily Bitcoin & Altcoin News Portal

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Cardano (ADA) Technical Analysis: Cardano (ADA) near All Time Lows, Time to Accumulate

Cardano (ADA) Technical Analysis: Cardano (ADA) near All Time Lows, Time to Accumulate

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Please share if you find this article interesting. Cardano (ADA) Technical Analysis: Cardano (ADA) near All Time Lows, Time to Accumulate Like on-chain developments, Cardano (ADA) sellers are slowing down. Week over week, it’s down five percent. This is a big improvement from three weeks ago when losses where double digit and exceeding 35 percent. If anything, ADA prices are trading around 7 cents, the coin’s main ATL. For recovery purposes, we must wait for gains above 12 cents triggering buys. On the reverse side, dips below 7 cents which would most likely spell a capitulation. At the moment though, we shall take a neutral stand and closely watch prices.From the NewsAs expected, many question the rate of development at Cardano with some saying it is slower than anticipated and
CryptoGirl
Stellar Lumens, Tron, Litecoin, EOS, IOTA Technical Analysis: Altcoin Effort versus Result Scenario Backs Bulls

Stellar Lumens, Tron, Litecoin, EOS, IOTA Technical Analysis: Altcoin Effort versus Result Scenario Backs Bulls

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Please share if you find this article interesting. Stellar Lumens, Tron, Litecoin, EOS, IOTA Technical Analysis: Altcoin Effort versus Result Scenario Backs Bulls On a positive note, altcoins are stabilizing near our historical reversal drops—90 percent down from 2017-18 peaks. For now, we recommend taking a neutral to bullish stance especially in Litecoin, Stellar Lumens—retesting a monthly support trend line, IOTA and EOS. Fundamentally, TRX might get a boost but that’s largely dependent on the reception of their virtual machine launch.Let’s have a look at these charts:EOS Technical AnalysisEOS Daily Chart by Trading ViewBy adding three percent, EOS prices remains relatively unchanged oscillating within our previous $1 trade range capped by Aug 17 high lows.At this rate, our pr
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Bitcoin Price Watch: BTC/USD Forming Double Bottom Near $6,220

Bitcoin Price Watch: BTC/USD Forming Double Bottom Near $6,220

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Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Forming Double Bottom Near $6,220 Key PointsBitcoin price declined sharply and trimmed most of its yesterday’s gains against the US Dollar.There was a break below a major bullish trend line with support at $6,570 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair revisited the $6,220 support area and later recovered above the $6,300 level.Bitcoin price declined sharply below $6,550 against the US Dollar. BTC/USD is forming a double bottom pattern near the $6,220 level.Bitcoin Price AnalysisYesterday, we saw a solid upward move above the $6,550 level in bitcoin price against the US Dollar. However, the BTC/USD pair was rejected near the $6,923 level and later it declined sharply.
CryptoGirl
Ethereum Classic Price Analysis: ETC/USD Remains Supported Near $11.80

Ethereum Classic Price Analysis: ETC/USD Remains Supported Near $11.80

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Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Remains Supported Near $11.80 Key HighlightsEthereum classic price declined from the $13.50 swing high and broke $13.00 against the US dollar.There was a break below a major bullish trend line with support at $12.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair spiked below the $12.00 support and formed a low at $11.89 before finding support.Ethereum classic price fell below important supports against the US Dollar and Bitcoin. ETC/USD found support below $12.00 and it is currently consolidating losses.Ethereum Classic Price SupportThere was a rejection above the $13.40 level in ETC price against the US dollar. The ETC/USD pair declined sharply and broke the $13.0...
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Ripple Price Analysis: XRP/USD At Risk of Break Below $0.3100

Ripple Price Analysis: XRP/USD At Risk of Break Below $0.3100

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD At Risk of Break Below $0.3100 Key HighlightsRipple price was not able to stay above the $0.3500 support zone and declined against the US dollar.There is a new connecting bearish trend line in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently at risk of a downside break below the $0.3100 support level in the near term.Ripple price is under pressure below key supports against the US Dollar and Bitcoin. XRP/USD could decline sharply if there is a break below the $0.3100 support.Ripple Price SupportYesterday, we saw a decent upside move above the $0.3400 level in Ripple price against the US Dollar. The XRP/USD pair traded towards th...
CryptoGirl
Ethereum Price Analysis: ETH/USD Trimmed Gains, Bearish Below $284

Ethereum Price Analysis: ETH/USD Trimmed Gains, Bearish Below $284

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Trimmed Gains, Bearish Below $284 Key HighlightsETH price fell sharply and trimmed most of its gains above the $290 level against the US Dollar.There is an important bearish trend line with resistance at $273 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently recovering and it is currently trading above the $271 pivot level.Ethereum price is trading with an increase in selling pressure against the US Dollar and bitcoin. ETH/USD could recover, but it may perhaps find hurdles near $280-284.Ethereum Price ResistancesAfter a sharp upside move above the $295, ETH faced sellers against the US Dollar. The ETH/USD pair topped near the $300-301 zone and later it started a downside ...
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Tron (TRX) Price Watch: Major Correction Taking Place

Tron (TRX) Price Watch: Major Correction Taking Place

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Please share if you find this article interesting. Tron (TRX) Price Watch: Major Correction Taking Place Tron Price Key HighlightsTron has tumbled to the bottom of its descending channel on the 4-hour time frame but support is still holding.A pullback could take Tron price up to the channel resistance again and the inflection points might keep gains in check.Technical indicators are showing that bearish pressure is still in play.Tron price is finding some support at the bottom of its channel, but this might just be a pullback before more sellers return.Technical Indicators SignalsThe 100 SMA is still below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In addition, the gap between the moving averages is widening to reflect strengthening s...
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Bitcoin Cash Price Analysis: BCH/USD Reverses Sharply Below $540

Bitcoin Cash Price Analysis: BCH/USD Reverses Sharply Below $540

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Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Reverses Sharply Below $540 Key PointsBitcoin cash price failed to hold gains above $540 and declined sharply against the US Dollar.There was a break below a major bullish trend line with support at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair declined heavily and retested the $500 and $510 support levels where buyers emerged.Bitcoin cash price formed a top near the $575 level and declined against the US Dollar. BCH/USD is holding the $500 support, but it remains at risk of more losses.Bitcoin Cash Price DeclineYesterday, we saw a sharp upward move above the $550 level in bitcoin cash price against the US Dollar. However, the BCH/USD pair failed to stay above t...
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Bitcoin (BTC) Price Watch: Testing Uptrend Channel Support

Bitcoin (BTC) Price Watch: Testing Uptrend Channel Support

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Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Testing Uptrend Channel Support Bitcoin Price Key HighlightsBitcoin price sold off after the SEC rejection of ETF applications but is finding support at the channel.Price is still trading inside an ascending channel and is currently testing the very bottom.A bounce could take it up to the next upside targets marked by the Fibonacci extension tool.Bitcoin price is pulling back after its recent surge and is deciding whether to make a bounce or a break from the channel support.Technical Indicators SignalsThe 100 SMA is still above the longer-term 200 SMA to show that the path of least resistance is to the upside. This suggests that support is more likely to hold than to break or that the uptrend is more li...
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Bitcoin Cash (BCH) Technical Analysis: Bears $300 Away From Recovering 2017 “Super Rally” Gains

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Please share if you find this article interesting. Bitcoin Cash (BCH) Technical Analysis: Bears $300 Away From Recovering 2017 “Super Rally” Gains On a weekly basis, Bitcoin Cash is stable shedding less than one percent all due to higher highs attempts by end of last week. Though there were expectations of a price follow through, it appears as if sellers are having the upper hand. Bears are likely to reverse those gains and edge towards $300 regardless of the technical developments and scheduled hard fork of Nov 15.From the News97 days after forking in May 15, Bitcoin ABC, the development team behind Bitcoin Cash “peer to peer electronic payment system” plans on forking—again. Though the official forks will take place on Nov 18, the team is now urging users to download the latest