📢📰 IOTA Overtakes Ripple, Finds New Price Base
Following an astonishing rally in recent days, the IOTA bulls look to be having a breather.
IOTA exploded earlier this week, likely due to a newly announced partnership with Microsoft, Samsung and others for the launch of a data marketplace for the internet of things.
The cryptocurrency, which was trading below $1 around 10 days ago, jumped more than 450 percent to hit a new lifetime high of $5.55 yesterday and now it's capitalization is $11.48 billion.
Following an astonishing rally in recent days, the IOTA bulls look to be having a breather.
IOTA exploded earlier this week, likely due to a newly announced partnership with Microsoft, Samsung and others for the launch of a data marketplace for the internet of things.
The cryptocurrency, which was trading below $1 around 10 days ago, jumped more than 450 percent to hit a new lifetime high of $5.55 yesterday and now it's capitalization is $11.48 billion.
The above chart shows:
📌 IOTA tested the support of the 50 percent Fibonacci retracement of the recent rally ($3.12).
📌 The relative strength index shows overbought conditions, and is close to breaching the rising trend line to the downside.
📌 The stochastic has turned lower from the overbought territory.
📌 The 5-MA and 10-MA are curled in favor of the bulls.
📌 IOTA tested the support of the 50 percent Fibonacci retracement of the recent rally ($3.12).
📌 The relative strength index shows overbought conditions, and is close to breaching the rising trend line to the downside.
📌 The stochastic has turned lower from the overbought territory.
📌 The 5-MA and 10-MA are curled in favor of the bulls.
🔵 View:
👉IOTA prices may test $2.55 (61.8 percent Fibonacci retracement) in the next 24–48 hours (as the RSI and stochastic have turned lower from the overbought territory), but the support may hold, courtesy of the upward sloping 10-MA (seen sloping upwards towards the $2.50–$2.60 region tomorrow).
👉Clearly, the base has shifted higher to $2.50 levels and it appears the rally is here to stay. Going forwards, a solid rebound from near $2.50 levels could translate into a rally to fresh record highs above $5.55 levels.
👉IOTA prices may test $2.55 (61.8 percent Fibonacci retracement) in the next 24–48 hours (as the RSI and stochastic have turned lower from the overbought territory), but the support may hold, courtesy of the upward sloping 10-MA (seen sloping upwards towards the $2.50–$2.60 region tomorrow).
👉Clearly, the base has shifted higher to $2.50 levels and it appears the rally is here to stay. Going forwards, a solid rebound from near $2.50 levels could translate into a rally to fresh record highs above $5.55 levels.
CryptoBullet pinned «ALWAYS DO THIS !! : 👉Pin our channel to the Top 👉 Unmute the channel 👉 Stay Tuned 👉 Follow the Signals for Unlimited earning of 💰💰»
Market seems to be came down a bit wide, Btc may not drop where everyones wants. But A little retracement needed for holders.
Btc bull is still REALLY strong. It is fighting against all indicators & I thought it would be going against of predictions. However, I won't be suggesting to short your positions until you get back on track.
If you're in previous position due to not use of stop loss , let this be a lesson.
I suggest going into IOTA, XLM, ARK and Stratis. If you want to hold something for mid term... QSP is the deal!
If you are interested in Ripple you might want to give this a read:
https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/
https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/
Ripple
Ripple Escrows 55 Billion XRP for Supply Predictability
Ripple has confirmed that the 55 billion XRP cryptographically-secured escrow is complete. The lockup eliminates any concern that we could flood the market.
Grateful subscribers write to us👆😊 If you really appreciate our work, please, help us become more numerous by sharing the channel. We advise you to #pin_our_channel_on_top and stay always tuned!
The above chart shows:
👉Bitcoin cash suffered a downside break of the rising channel (marked by blue channels) and a bearish symmetrical triangle breakdown yesterday.
👉The relative strength index (RSI) fell below 50.00 into bearish territory yesterday, possibly signaling more losses ahead.
👉BCH ran out of steam at $1,545 earlier today and fell back to $1,350 levels.
👉The decline from $1,545 to $1,350 also marks a failure to hold above the 5-day and 10-day moving averages (MA).
👉Further, the 5-day MA and 10-day MA are sloping downwards in favor of the bears.
👉Bitcoin cash suffered a downside break of the rising channel (marked by blue channels) and a bearish symmetrical triangle breakdown yesterday.
👉The relative strength index (RSI) fell below 50.00 into bearish territory yesterday, possibly signaling more losses ahead.
👉BCH ran out of steam at $1,545 earlier today and fell back to $1,350 levels.
👉The decline from $1,545 to $1,350 also marks a failure to hold above the 5-day and 10-day moving averages (MA).
👉Further, the 5-day MA and 10-day MA are sloping downwards in favor of the bears.
🔵View:
Chart analysis suggests bitcoin cash is more likely to break below $1,280 (rising channel support) in the next 24–48 hours and confirm that today's spike was a bull trap. Prices could then test support at $850 (Nov. 17 low) in the short-run.
On the higher side, only a close (as per UTC) above $1,545 would revive the bull run.
Chart analysis suggests bitcoin cash is more likely to break below $1,280 (rising channel support) in the next 24–48 hours and confirm that today's spike was a bull trap. Prices could then test support at $850 (Nov. 17 low) in the short-run.
On the higher side, only a close (as per UTC) above $1,545 would revive the bull run.
Nexium (NXC)
Buy price 0.00001300- 0.00001450
Sell price 0.00002370-0.00002910
Buy price 0.00001300- 0.00001450
Sell price 0.00002370-0.00002910
📣🎓 As Bitcoin smashed through the $11,000, $12,000 and so on all the way to $19,000 on some exchanges, people were wondering if, when, and how this monster bull run would all come to an end.
It finally has ended for the digital currency as the price corrected from just under the $19,000 mark to sit at $15k. This represents a fall of around 14 percent, which in Bitcoin terms is relatively minor.
It finally has ended for the digital currency as the price corrected from just under the $19,000 mark to sit at $15k. This represents a fall of around 14 percent, which in Bitcoin terms is relatively minor.