Technical Analysis

Bitcoin, Ethereum, and XRP may be preparing for a breakout

Thus far, 2020 seems to have brought back volatility into the cryptocurrency market. On Jan. 2, the entire market capitalization dropped nearly 4 percent, but the next day $14 billion were injected into the market. Now, it seems like Bitcoin, Ethereum, and XRP could be preparing for a significant price move. Bitcoin (BTC) On Jan....
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The Most Lucrative Signal in Bitcoin History Just Flipped Buy

Bitcoin is the best performing investment of the last decade, bringing investors who bought the asset early unimaginable returns.The post appeared first on NewsBTC
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This bearish formation spells trouble for XRP; here’s where it may drop to next

Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and...
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IOTA releases a “burner wallet” while its price hits 2017 levels

The IOTA Foundation is launching a new web wallet for users to manage low amounts of funds without compromising their data. Although the Foundation continues to work on the development of IOTA and different tools to push its adoption, this cryptocurrency recently reached price levels not seen since 2017. The new IOTA burner wallet In...
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Ripple secures massive investment pushing XRP up over 5%

Ripple announced a massive funding round that is set to push the development and adoption of its decentralized cryptographic ledger technology. Following the announcement, XRP surged over 5 percent, and multiple technical indicators are signaling a further advance. Ripple raises $200 million In a blog post, Ripple, a San-Francisco based technology company, revealed that it...
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The head of Monero steps down while XMR trends down

The head of the privacy-centric altcoin Monero is stepping down after leading the project since its inception. The news comes at a time when XMR is down 60 percent after peaking at $121 in June. Fluffypony steps down In a blog post, the Monero Core Team announced that Riccardo Spagni, known as fluffypony in the...
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VeChain scores new partnership while VET tumbles

VeChain is seizing the opportunities presented in China after President Xi Jinping vowed to put the nation at the forefront of blockchain technology. The firm recently scored a partnership to accelerate the development of the tea industry in one of the most populous provinces in the country. Meanwhile, VET is trending downward. Leveraging the VeChain...
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Is Bitcoin bottoming out like it did a year ago?

As Bitcoin approaches the $6,500 support level, some of the most prominent analysts in the industry believe that a market bottom could be near just like it happened over a year ago. History tends to repeat itself After reaching an all-time high of $19,890 on Dec. 17, 2017, Bitcoin went through a steep bear market....
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Bitcoin aims for lower lows as the market sentiment turns bearish

Bitcoin is back below $7,000 after plummeting 5.72 percent in the last 21 hours. As the market shivers in “extreme fear” based on the Crypto Fear and Greed Index (CFGI), IntoTheBlock estimates that the feeling around the flagship cryptocurrency is “mostly bearish.” BTC/USD by TradingView The current state of the market On Dec. 16, Bitcoin...
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Low volatility in BTC, ETH, and XRP could signal the next move

The top three cryptocurrencies by market cap, Bitcoin, Ethereun, and XRP, entered a stagnation phase that extended for the past 24 days. The low levels of volatility could be a signal that these cryptocurrencies are due for some price action. The following technical analysis will explore where BTC, ETH, and XRP could be heading next....
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Tezos (XTZ) made it back to the top 10 cryptos by market cap; what’s next?

Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and...
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Bitcoin Price: Bear Pennant Targets $4,600, Has The Breakdown Begun?

Bitcoin price has been steadily falling, locked in a downtrend over the course of the last few months, taking the price of the cryptocurrency to roughly 50% of the year’s high of $14,000.After the latest sustained drop, Bitcoin has been consolidating in what now appears to be a bear pennant chart pattern formation, which suggests...
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A renowned technical analyst weights on Bitcoin’s path to $100,000

One of the most prominent technical analysts in the crypto community recently laid out his bullish and bearish outlooks for Bitcoin. The path to $100,000 Peter Brandt, a 45-years trading veteran, shared a BitcoinLive’s public post where he talks about the different paths that Bitcoin could take in the future. The renowned analyst believes that...
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Ethereum, XRP, and Litecoin remain stagnant; will will they head next?

Ethereum, Litecoin, and XRP entered a stagnation phase in late November. Thus far, the buy and sell orders behind these assets are not significant enough to bring back volatility to them. The following technical analysis explores what would happen if volume picks up. Low levels of volatility in the market. Source: TradingView Ethereum (ETH) After...
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HODLers are in profit as Bitcoin keeps a YTD return of 100%

Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and...
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Bitcoin (BTC) does not look good for the bulls

One of the most prominent technical analysts in the crypto community believes that Bitcoin is bound for a downward push. But is it realistic? The following technical analysis will attempt to determine the fate of the flagship cryptocurrency Bitcoin is done for a while Eric Thies, a cryptocurrency enthusiast and self-taught analyst, recently stated that...
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Here is what could be driving the massive VeChain (VET) rally

Following Chinese President Xi Jinping’s decision to put the nation at the forefront of blockchain technology, VeChain (VET) experienced a massive rally. Since then, this cryptocurrency is up 176 percent. And, the bullish momentum could prolong as the VeChain Foundation continues to expand the utility of this token. Tokenizing in-game assets Jamie Thomson, a British...
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With a YTD return of 185%, where is Tezos (XTZ) heading next?

Tezos has had a fantastic year so far with a year-to-date (YTD) return of 185 percent. Despite the ongoing class-action lawsuit against its founders, XTZ managed to get listed on several leading exchanges in the industry. As millions of retail investors got access to this cryptocurrency, its price entered a bullish trend. But, where can...
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NEO, Ontology, and VeChain appear to be recovering quickly

Some of the most prominent China-based blockchain projects appear to be recovering quickly after the recent downturn in the market. The following technical analysis evaluates whether NEO, Ontology, and VeChain have the potential for a further advance. NEO Over the last two weeks, NEO saw its value plummet nearly 38 percent. This cryptocurrency went from...
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Are Ethereum, XRP and Litecoin on the road to recovery?

Over the last week, the entire cryptocurrency market suffered a significant downturn. But, as prices went down, it seems like demand is now picking up and altcoins are starting to rebound. The following technical analysis assesses whether Ethereum, XRP, and Litecoin are bound for a bullish impulse. Ethereum (ETH) After consolidating for 22 days within...
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Bitcoin sits at a critical support level; here’s the bearish and bullish case

More than $56 billion have been wiped off the cryptocurrency market cap in the last week. The massive sell-off took Bitcoin below $7,000 signaling a further decline. Despite the recent downturn, several technical indicators are now warning that BTC could bounce off current levels. The following technical analysis evaluates whether Bitcoin is bound for a...
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XLM, TRX and ADA are bouncing, but is the carnage over?

Over the last week, $50 billion were wiped off the total crypto market capitalization. The losses are visible throughout most cryptocurrencies in the industry. Now, it seems like the carnage could be over, or at least temporarily paused. In fact, Stellar Lumens, TRON, and Cardano are signaling a rebound from the current price levels after...
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Explaining the big Bitcoin drop: BTC network stats and technical analysis

Over $20 billion have been wiped off Bitcoin’s market cap in the last few days. The flagship cryptocurrency went from trading around $8,000 on Wednesday to a low of $6,800 today. As the sell-off continues, IntoTheBlock believes that several blockchain analytics factors can explain this drop. Meanwhile, CryptoSlate takes a technical approach. Bitcoin blockchain analytics...
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VeChain (VET) surges after rumors about a vaccine tracking system in China

VeChain has been on a rampage surging nearly 185 percent in the last 22 days. The spike appears to be correlated with rumors that link the company with China’s launch of a nationwide vaccine tracking system. Despite the bullish impulse seen lately, several technical indicators are estimating that a correction is underway.  VeChain’s drug and...
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Basic Attention Token (BAT) is surging as Brave 1.0 launches

Brave Software announced the official launch of its popular privacy-centric web browser Brave. Meanwhile, several technical indicators estimate that its native crypto, Basic Attention Token (BAT), could be bound for a further bullish impulse.  Brave 1.0 is here Brave is an open-source web browser with a built-in ad-blocker, tracking, and security protection. It anonymously monitors...
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TRON’s new wave of developments could soon pay off

The TRON Foundation is making significant strides to push the adoption of its native cryptocurrency, TRX. In the last few weeks, the non-profit organization was able to secure different partnerships that increase the utility of its token and make it available to a wider market. The recent wave of developments is already felt in the...
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Has Ethereum bottomed relative to Bitcoin?

Skew, a London-based data provider for Bitcoin and Ether derivatives, recently raised the question that most investors in the industry have been asking themselves for a while: “has Ether bottomed relative to Bitcoin?” Even though the founder of the Crypto Cast Network, Vortex, did not hesitate to respond that Ethereum looked “pretty dead” to him,...
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Bitcoin price drops below $9,000, Ethereum and XRP following

Bitcoin just moved below $9,000 and is bringing the rest of the market down with it. Over the last 40 hours, Ethereum plunged over 6 percent, while XRP plummeted nearly 14 percent. The following technical analysis will evaluate where these three cryptocurrencies could be heading next.  Bitcoin (BTC) Bitcoin has been consolidating within a descending...
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VeChain (VET) up 10% after Binance US listing; what’s next?

Binance.US announced that it would be listing VeChain to its retail platform for U.S. cryptocurrency investors. Binance.US Adds VeChain VeChain (VET) is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management. It connects blockchain technology with real-world applications through a comprehensive governance structure, a robust economic model, and advanced IoT integration. With its...
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Ripple CEO discusses plans for 2020; where is XRP heading next?

Brad Garlinghouse, CEO at Ripple, sat down with Bloomberg to discuss the future of the company and the developments done on XRP. Making Strides Garlinghouse affirmed that the cryptocurrency market is currently oversaturated with worthless projects. He believes that it is “incredible” how people are trying to solve real problems with the use of blockchain...
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