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16 November 2019

Top-5 Cryptos This Week: TRX, BCH, HT, XLM, XMR

Top-5 Cryptos This Week: TRX, BCH, HT, XLM, XMR


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However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 “soon-ish.” This suggests that CZ believes the market has bottomed and is in the process of resuming the uptrend.

Furthermore, the long-term price action of Bitcoin shows that it has outperformed the S&P 500 since 2003.

Contrary to our assumption, if the bears sink the pair below the range, the downtrend will resume.

This is a critical level to watch out for because if the bulls can push the price above it, a rally to $360 is possible.

The pair will pick up momentum if the bulls can scale above $360.

This suggests that the bulls are making a comeback.

Our view will be invalidated if the price turns down from the neckline and breaks below the first support at $241.85.

This is a positive sign as it shows that bulls are keen to enter on dips.

This level has acted as stiff resistance on two previous occasions, hence, the bears will attempt to reverse direction from close to this level.

On the other hand, if the bulls can propel the price above the overhead resistance zone of $5.3506 to $6.10, the pair will pick up momentum.

This is a positive sign as it shows that the bears are losing their grip.

However, if the buyers push the price above this level, the pair will again hit a roadblock at the moving averages.

Our bullish view will be invalidated if the price turns down from current levels A break below the wedge will be a huge negative as it will lead to a retest of the yearly lows. 

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Monero (XMR) Defends Decision to Implement ASIC Resistance
published: 2 days ago
Coinbase recently published an article regarding security for Proof of Work (PoW) blockchains. While discussing the topic of ASIC resistance, Coinbase criticized such an approach, highlighting Monero'...

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cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2018