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Crypto

Ethereum consolidating.

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A rising wedge has been forming on the ETH hour charts. rising wedge is a way to identify consolidation, which is the visual representation of indecision. We also know that this indecision often occurs after a sharp, extended move up or down. However, the real benefit of these patterns is not so much the consolidation itself, but rather the price action that follows.

Bitcoin had a strong correction and we may be seen a running flat, a corrective wave that is typical of a bullish movement. So, despite the characteristic of a typical ABC , which would take the price to 10.000 USD, we could experience a running flat, first moving to 13,000 – 14,000 USD area, then another drop to 12,000 USD.

On the 1 ear chart, Prices could dump to 9000-10000 by the end of this year and then breakout from weekly ichimoku which already has a bull tk cross and bullish kumo twist. The overview is Bullish long term but we could experience one more dip in next few months.

note: This is not a trading strategy, neither is it a signal.

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Crypto

XRP up 100% in a week.

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As organized pumping and dumping efforts continue to spread, the cost of XRP has multiplied in the previous two days, while other as of late siphoned coins have just smashed from their new highs in twofold digits.

On Saturday, XRP was exchanging at USD 0.281 before the convention strengthened and pushed the cost to USD 0.59 by Monday morning . A the hour of composing, the cost is up by 42% in a day and 113% in seven days. It bounced by 145% in a month and 144% in a year.

Additionally, XRP is back as the third biggest cryptoasset by market capitalization, after it slammed because of an administrative crackdown in the US.

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Crypto

Correction is the order of the day for cryptos.

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Bitcoin price is correcting gains from $ 40,500. The previous breakout zone near $ 36,550 could act as a strong support. As long as BTC is above $ 36,550, it might start a fresh increase towards the $ 40,500 level.

Many altcoins climbed over 8%, including VGX, IOST, DOT, CRV, BTCB, ATOM, HED, NEXO, LINK, and ABBC. Out of these, IOST started a strong increase after it broke the $ 0.021 resistance.

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Crypto

Major recovery on the horizon

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After a massive decline, bitcoin price remained well bid above the $ 30,100 zone. BTC traded close to $ 30,300 before it started a fresh increase. There was a clear break above $ 34,200 and the price is currently attempting a close above $ 35,600.

Similarly, there was a recovery wave in most major altcoins. ETH/$ is back above $ 1,051 and it might gain pace once it clears $ 1,151. XRP/$ is showing positive signs, but it must settle above $ 0.31p and $ 0.313 for a fresh increase to $ 0.351.

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