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Crypto

Link in 5th wave.

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Link is approaching the $10 primary target and looks likely to reach it.  This could be an area where most traders will be looking to take profits out. However, it is currently dealing with an extended 5th wave. Within an extended 5th wave there is potential for the 5th subwave of the 5th wave to get extended as well, bringing potential targets of $12 – $13 into play. Although there is confluence at the 3.618, with an extended 3rd wave in the substructure, that does not appear to be the likely outcome.

After BTC created a new high of 12k In the 4h Bitcoin/Tether chart, it is now making moves to correct some of the rally made  last week , while still bullish in the mid term. Key levels to watch is 10,000  if they are broken we decide if bulls are still much active on the market.

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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