NEO, EOS, LTC and IOTA February 1, 2018

After the January 30 rapid slide, altcoin sellers should be a little bit disappointed because there was a general slowdown across most altcoins under our radar. IOTA, LTC and NEO couldn’t muster a close below yesterday’s lows and what we are waiting for is perhaps a confirmation of January 30 depreciation. Bear break-out levels will act as our resistance and should NEO close below the middle BB in the daily chart, then sellers are likely to cruise. Let’s dissect these charts: IOTA Trending Within a Bear Break Out   IOTUSD…

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Ethereum Price Technical Analysis – ETH/USD to Resume Uptrend?

Key Highlights ETH price recovered well from the $1,009 low and is currently trading above $1,110 against the US Dollar. Yesterday’s highlighted major bearish trend line with resistance at $1,090 was broken on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently showing a lot of positive signs and it could continue to move above $1,140. Ethereum price is showing a lot of positive signs against the US Dollar and Bitcoin. ETH/USD is trading above $1,110 and it seems to be resuming its uptrend. Ethereum Price…

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Bitcoin Cash Price Technical Analysis – BCH/USD Consolidating Losses

Key Points Bitcoin cash price started a minor upside correction after trading as low as $1,390 against the US Dollar. Yesterday’s highlighted a new bearish trend line with current resistance at $1,520 is active on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently trading in a range above the $1,450 level, but is facing hurdles near $1,520-1,540. Bitcoin cash price fell sharply recently against the US Dollar. BCH/USD is currently recovering and is consolidating above the $1,420-1,450 levels. Bitcoin Cash Price Resistance Yesterday, we saw…

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Bitcoin Price Technical Analysis for 02/01/2018 – Bearish Pullback Opportunity

Bitcoin Price Key Highlights Bitcoin price recently broke below its symmetrical triangle pattern an hit a low of $9,763.20. Price seems to be finding some support from here, so a pullback opportunity may be underway. Applying the Fib tool on the breakout move shows the potential resistance levels. Bitcoin price made a bearish breakout from a consolidation pattern, but a correction seems imminent to the nearby Fib levels. Technical Indicators Signals The 100 SMA is crossing below the longer-term 200 SMA to confirm that bearish momentum is picking up. In…

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the leading altcoin is Lisk

FOMO Moments Yesterday was undoubtedly one of the worst for crypto markets for a long time. Over 20% fell off the total market capacity in one day alone, a crash only eclipsed by the January 15-17 selloff which resulted in a 40% market decline. As usual one altcoin shines above the rest during today’s Asian trading session and that accolade goes to Lisk. LSK had been trading sideways at around $22 for the past week or so. It is one of the few altcoins that shows considerable resilience to large…

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Cryptocurrency Memes | We’ve Ranked Our Favorites!

Everyone loves a good meme, right? Well, what about cryptocurrency memes? For those unfamiliar with “memes”, they are defined as: “an amusing or interesting item (such as a captioned picture or video) or genre of items that is spread widely online especially through social media.” As mainstream media picked up cryptocurrencies towards the end of 2017, it became a worldwide frenzy. Currently, the entire cryptocurrency market cap is over $500 billion. In the beginning of 2017, the market was only just over $18 billion. Once something becomes popular, it’s an…

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Lisk and Stellar Rise Amidst Widespread Market Fall

Lisk and Stellar are two coins set to have a big year ahead of them. An indicator of this is what transpired yesterday after news broke from South Korea. The news shook the market – most of the top 10 coins were down in the double digits. Despite this, however, Lisk and Stellar are now rebounding steadily with Stellar being the top coin in the top 10.  What news yesterday was that South Korea spoke of its stance on cryptocurrency and began implementing new rules to halt anonymous domestic cryptocurrency transactions on numerous…

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Venezuela’s Petro Token Launch | Pre-Sale Announced

Venezuela’s much anticipated (yet highly controversial) oil-backed digital coin – the ‘Petro’ token – is coming soon. On Tuesday, Venezuela President Nicolas Maduro announced that the crypto-crazed country will begin the pre-sale of its new Petro token starting on February 20, in an attempt to alleviate an economy that has been hit hard by inflation and shortages. These tokens will be created on the Ethereum blockchain. >>Facebook Bans Cryptocurrency Ads Due To Frequent Fraud As part of the offering, Venezuela intends to make 100 million Petro tokens available, with each…

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Blockchain Revolution | So Why is Cryptocurrency Losing Momentum?

The Blockchain Revolution: Blockchain technologies are changing businesses around the globe. Professional services, banking institutions, technology companies, resource industries and discrete manufacturing industries are expected to invest significantly – according to reports, spending from companies on blockchain networks are expected to double this year. Compared to last year, the blockchain revolution is gaining momentum. >>Making Life Easier with Blockchain Technology But What’s the Reason? In early 2016, the International Monetary Fund announced that distributed ledgers had the potential to offer faster and cheaper financial services; blockchain technologies have been successfully reducing transaction times to…

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Bitconnect Assets Frozen | Lawsuit Piles Up for this Ponzi Scheme?

If closing its platform and being hit with a lawsuit weren’t enough for BitConnect, the U.S. District Court, Western District of Kentucky, has granted a temporary restraining order against the company and has frozen all Bitconnect assets following a second lawsuit filed on Monday against the cryptocurrency exchange platform. Both lawsuits alleged that BitConnect was a Ponzi scheme with its promoter Ryan Massen pointed out specifically in the lawsuit. >>BitConnect Was A Ponzi Scheme, Alleges Lawsuit The order issued to BitConnect requires the disclosure of all the crypto wallet and trading account addresses as…

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