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The upside break of the falling trendline has opened the doors for a rise to $8,000. However, low volumes may indicate a false breakout.
A downside break of the rising wedge seen in the 4-hour chart would allow a drop to $7,040.
Only a high-volume break above $7,700 could yield a sustainable rally to $8,000.
The upside break of the falling trendline has opened the doors for a rise to $8,000. However, low volumes may indicate a false breakout.
A downside break of the rising wedge seen in the 4-hour chart would allow a drop to $7,040.
Only a high-volume break above $7,700 could yield a sustainable rally to $8,000.
Ripple Pumps $50 Million Into Academic Research on Blockchain
Ripple, in cooperation with 17 leading universities, announced a new initiative to support and accelerate scientific research, technical developments and innovations in blockchain technology, cryptocurrency and digital payments.
Ripple, in cooperation with 17 leading universities, announced a new initiative to support and accelerate scientific research, technical developments and innovations in blockchain technology, cryptocurrency and digital payments.
#BTCUSD
OUTLOOK: Neutral
False breakout has neutralized the immediate bullish outlook.
A drop below $7,260 (May 24 low) would confirm the corrective rally has ended, would expose triangle support of $6,985.
Break abv $7,780 would revive bull outlook.
OUTLOOK: Neutral
False breakout has neutralized the immediate bullish outlook.
A drop below $7,260 (May 24 low) would confirm the corrective rally has ended, would expose triangle support of $6,985.
Break abv $7,780 would revive bull outlook.
#XRPUSD
OUTLOOK: Risks bearish revival
Acceptance below $0.63 would add credence to Monday's bearish outside-day candle & failure to retake rising trendline, confirming a bearish revival
Bulls need progress soon.
Resistance: $0.705, $0.75
Supp: $0.57, $0.54
OUTLOOK: Risks bearish revival
Acceptance below $0.63 would add credence to Monday's bearish outside-day candle & failure to retake rising trendline, confirming a bearish revival
Bulls need progress soon.
Resistance: $0.705, $0.75
Supp: $0.57, $0.54
#XRPBTC
OUTLOOK: BULLISH
Narrowing price range ended with bull breakout on June 2.
RSI is biased bullish.
5,10MA trend north and 5, 50MA bull cross seen.
Could rise to 0.00010 in a few days.
OUTLOOK: BULLISH
Narrowing price range ended with bull breakout on June 2.
RSI is biased bullish.
5,10MA trend north and 5, 50MA bull cross seen.
Could rise to 0.00010 in a few days.
CryptoBullet
Buy BNB @0.0203-0.02. Targets: 22-26-28.
BNB is currently trading at 0.0263 for 31% profit!
#BTCUSD
OUTLOOK: Bullish above $7,780
BTC is still operating in a bearish territory as indicated by wedge breakdown on 4hr chart.
Break abv $7,780 would allow rally to $8K.
The odds of a bull break abv $7,780 would drop sharply if BTC falls below $7,390.
OUTLOOK: Bullish above $7,780
BTC is still operating in a bearish territory as indicated by wedge breakdown on 4hr chart.
Break abv $7,780 would allow rally to $8K.
The odds of a bull break abv $7,780 would drop sharply if BTC falls below $7,390.
#ETHUSD
OUTLOOK: Bullish above $612
Break above $612 (50DMA + falling channel hurdle) would confirm bear-to-bull trend change and allow rally to $656 (100DMA).
Close below $575 (previous day's low) would embolden bears.
OUTLOOK: Bullish above $612
Break above $612 (50DMA + falling channel hurdle) would confirm bear-to-bull trend change and allow rally to $656 (100DMA).
Close below $575 (previous day's low) would embolden bears.
#BTCUSD
OUTLOOK: Bullish abv $7,780
Daily chart shows upside break of falling channel + higher lows as represented by rising trendline
Needs to clear immediate resistance at $7,780 to confirm a bear-to-bull trend change.
OUTLOOK: Bullish abv $7,780
Daily chart shows upside break of falling channel + higher lows as represented by rising trendline
Needs to clear immediate resistance at $7,780 to confirm a bear-to-bull trend change.
#ETHUSD
OUTLOOK: Teasing Bull Flag Breakout
Need a solid breakout - preferably a close abv $728.
A sideways breakout (prices remain near $610) wouldn't imply bull revival
OUTLOOK: Teasing Bull Flag Breakout
Need a solid breakout - preferably a close abv $728.
A sideways breakout (prices remain near $610) wouldn't imply bull revival
42.8% of cryptocurrency investors intend to ‘hodl’ their funds over a long period, according to Bithumb recent study.
Hodl plans were diverse among different age groups, with the highest percentage (49.1%) of long-termers present among investors over 50. By comparison, just 30% of twenty-somethings forecast keeping hold of their coins in the long run.
Regulatory support is meanwhile being seen as a boon for future growth, with Bithumb users broadly welcoming government approaches on tax and other areas. 39.5% would keep their investment even in the event of needing to pay capital gains tax – 11% more compared to last year – while only 13.1% said they would “stop investing” in the face of such obligations.
Hodl plans were diverse among different age groups, with the highest percentage (49.1%) of long-termers present among investors over 50. By comparison, just 30% of twenty-somethings forecast keeping hold of their coins in the long run.
Regulatory support is meanwhile being seen as a boon for future growth, with Bithumb users broadly welcoming government approaches on tax and other areas. 39.5% would keep their investment even in the event of needing to pay capital gains tax – 11% more compared to last year – while only 13.1% said they would “stop investing” in the face of such obligations.
#BTC
OUTLOOK: Neutral
BTC continues to trade in a sideways manner.
4-hour chart shows inverted flag-like pattern.
Break above $7,780 would allow a rally to $8K.
Downside break of the flag will likely yield a sharp drop below $7K.
OUTLOOK: Neutral
BTC continues to trade in a sideways manner.
4-hour chart shows inverted flag-like pattern.
Break above $7,780 would allow a rally to $8K.
Downside break of the flag will likely yield a sharp drop below $7K.