Day: July 3, 2018

Ethereum Needs China: Ethereum (ETH) Technical Analysis

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All things constant and including this weekend’s events, odds are Ethereum might add to their gains today. It’s a tad bit stable on a day-to-day basis but with firm foundations over the weekend, chances are ETH are padding ready to make a comeback. Technically, we remain bearish that’s until buyers show their intent and breach $500, our immediate resistance line. From the News Interesting development in recent times especially news out of China. We all know how Chinese regulators perceive cryptocurrencies and their complementing fund raising model, ICOs. In fact,…

IOTA, EOS, Stellar Lumens, EOS and Tron Technical Analysis

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Besides IOTA whose buyers have been consistent in the last three days, others are literally stagnant. EOS is still trending below $9 despite the clout surrounding RAM while Litecoin is likely to break above $90 today. Could yesterday’s rally have to do with South Korea declaration that it will invest $200 million by 2022 on crypto projects? Remember, this follows China’s CBRC urge to regulators to issue licenses to crypto businesses. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View Too much popcorn…

Octagon Strategy Remains Bullish on Bitcoin Despite Price Decline

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Digital asset broker Octagon Strategy has said that the company “remains bullish” on bitcoin despite the current decline in price and the possible obstacles that await it in the future. Bitcoin’s continued dip in price has led to a new set of bearish sentiments as regards its future and the possibility that it can reach the heights achieved last year. Speaking to CNBC in an interview aired July 1, Octagon Strategy’s head trader Ryan Rabaglia said perspective matters a lot in the evaluation of bitcoin’s future. According to Rabaglia, there…