Day: October 23, 2018

Ethereum Classic Price Analysis: ETC/USD Following Bullish Path Above $9.50

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Key Highlights Ethereum classic price climbed higher steadily and tested the $10.00 resistance against the US dollar. The last week’s followed crucial ascending channel formed is intact with support at $9.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is placed nicely in a bullish path above the $9.50 and $9.60 support levels. Ethereum classic price is gaining momentum against the US Dollar and Bitcoin. ETC/USD could continue to grind higher above $10.00 in the near term. Ethereum Classic Price Analysis This past week,…

Ethereum Price Analysis: ETH/USD Extending Slides Below Key Support

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Key Highlights ETH price failed to stay above the $202 support and declined recently against the US Dollar. Yesterday’s highlighted important bullish trend line was breached with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure below $202 and it could extend its slide in the near term. Ethereum price broke key support levels against the US Dollar and bitcoin. ETH/USD may decline in the short term towards $198 or $196. Ethereum Price Analysis Yesterday, we saw a short term…

Ripple Price Analysis: Break Above $0.4550 Could Push XRP Higher

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Key Highlights Ripple price is struggling to clear the $0.4540 and $0.4550 resistance levels against the US dollar. There is a major bearish trend line in place with resistance at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.4540, $0.4550 and $0.4610 resistance levels to accelerate higher. Ripple price is preparing for the next break against the US Dollar and Bitcoin. XRP/USD remains supported on dips near $0.4410 for an upside break. Ripple Price Analysis There were mostly range moves…

Bringing the blockchain microgrid to life

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Molly Webb has been working closely with the Brooklyn microgrid scheme’s organisers, LO3 Energy, in trying to understand the opportunities and barriers for transactive energy. LO3 won an Energy Unlocked 2016 challenge to find companies making waves in the realm of energy productivity. Webb’s organisation, Energy Unlocked, aims to accelerate the transition of energy systems – which are increasingly seeing an influx of distributed energy resources (DERs) – by working with businesses of all sizes, understanding market-enabling conditions for new solutions to succeed, and providing processes to accelerate low carbon, resilient, renewable…

EOS Price Watch: Breakout to Happen Soon!

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EOS Price Key Highlights EOS has moved to the very end of its triangle pattern, which means that a breakout is bound to happen. Technical indicators are giving mixed signals on the direction of a breakout. Whichever way price decides to go, EOS might be in for a trend that’s roughly the same height as the triangle formation. EOS could be prime for a triangle breakout soon as it approaches the end of its consolidation chart pattern. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA, hinting…

Bitcoin (BTC) Price Watch: Bearish Channel Forming?

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Bitcoin Price Key Highlights Bitcoin price might be in for a downtrend as it is moving inside a newly-forming descending channel. Technical indicators on this time frame also support further declines. This might be enough to take bitcoin price to the channel support or the mid-channel area of interest. Bitcoin price might be in for another slide as it bounced off the top of a short-term descending channel. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to…

Bitcoin Cash Price Analysis: BCH/USD Holding Key Support Near $435

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Key Points Bitcoin cash price dipped towards the $435 support and recovered against the US Dollar. There is a major bullish trend line formed with support at $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains supported on dips near the $440 and $435 levels in the near term. Bitcoin cash price is holding key supports against the US Dollar. BCH/USD may continue to consolidate before the next leg either above $460 or below $430. Bitcoin Cash Price Analysis Yesterday, we discussed that…

Bitcoin Becomes Less Volatile Than Amazon, BTC Holds Steady At $6,500

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Bitcoin (BTC) Is Now Less Volatile Than Amazon, Nvidia, Netflix Stocks As reported by Ethereum World News in early-October, volatility for now-10-year-old Bitcoin (BTC), the foremost digital asset, fell to multi-month lows, as analysts claimed that this market has “just simply run out of juice… becoming boring.” This evidently came as a surprise to many, as BTC has historically been non-correlated with traditional capital markets, making it an obvious play for traders that have a penchant for risk, along with dreams of Lamborghinis and frolicking on sunlit beaches. While there…

An AMA on the Future of Blockchain and Cryptocurrency: With IBM …

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On Monday, October 22, 2018, from 6:00 to 7:00 EST, we’re hosting a special livestream crypto conversation with George Tung from the CryptosRUs YouTube channel and Jesse Lund from IBM Blockchain. George and Jesse will be answering questions from the r/CryptoCurrency subreddit. Jesse will be live from Sibos, one of the world’s premiere financial services events, in Sydney, Australia. The discussion will be about this year’s theme, “Enabling the digital economy.” Post your questions for Jesse here on r/CryptoCurrency. Keep in touch with Jesse Lund: https://twitter.com/jesselund What Jesse has been working…

China’s Blockchain Assault Continue, ETH Hold Steady

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Even though transacting over blockchain platforms is legal, fresh efforts by Chinese regulators and agencies to further bog down privacy is of great concern. Proposals by the Cyberspace Administration of China may be conflicting with laws. Even if they are still consulting with the public, its implementation might adversely affect price. On to the charts our last Ethereum trade plan holds since price is relative stable. Latest Ethereum News It’s quite absurd that China while the secondly largest economy and perhaps the largest crypto user base—before their Sep 2017 crack…