Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A divergence between OBV and price suggests a bullish reversal Price action remained bearish on higher timeframes Monero [XMR] has been on a higher timeframe downtrend since late April. Since then, the price has not managed to break out above its previous lower highs. Above XMR lay formidable resistance zones at $150, $180, and $208.
Read More »Monthly Archives: October 2022
Network activity signals red days ahead
Ethereum price shows a significant influx of investors actively participating in the network. The bears have successfully breached the 8-day exponential moving average. Invalidation of the bearish thesis is a breach above $1,330. Ethereum price could become problematic for long-term investors as a sweep-the-lows event is becoming more self-fulfilling. Key levels have been identified. Ethereum price is setting up for a correction Ethereum price displays… Source link
Read More »Monero shows a possible uptrend
According to several analysts, the price trend of Monero (XMR) shows signs of a possible bullish trend. However, the same analysts urge caution in considering this hypothesis, but they do not hide the fact that the possibility of an uptrend is theoretically there. Indeed, starting shortly after mid-July, the price of Monero has been continuing to hover around the $150 mark. In short, it has been sideways for three months now without ever falling below $135, and without rising above… Source link
Read More »Monero shows a possible uptrend
According to several analysts, the price trend of Monero (XMR) shows signs of a possible bullish trend. However, the same analysts urge caution in considering this hypothesis, but they do not hide the fact that the possibility of an uptrend is theoretically there. Indeed, starting shortly after mid-July, the price of Monero has been continuing to hover around the $150 mark. In short, it has been sideways for three months now without ever falling below $135, and without rising above… Source link
Read More »Bitcoin Has Failed 2022 – Bitcoin Magazine
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” It’s October 2022. Bitcoin is once again below $20,000. R.I.P. bitcoin. You have finally died. You’ve lost your luster. The Ponzi has ended. The show is over. It’s time to go home. Next stop, $10,000, then $1,000 and then $0. In this essay, I will be channeling my inner Nassim Taleb, Frances Coppola, Jim Cramer, Peter… Source link
Read More »Bitcoin and Litecoin coming to Stellar Lumens network with SEP-6 transfer service
Source: Maquette.pro – Shutterstock Coinqvest surfaces as the Tier SEP-6 transfer server on the Stellar Network. Investors can support Stellar in building rich liquidity for Coinqvest. The Stellar Lumens network has introduced Coinqvest as the Tier-1 SEP-6 transfer service for Bitcoin (BTC) and Litecoin (LTC). Coinqvest serves as the Tier-1 validator, Horizon operator,… Source link
Read More »Bitcoin and Litecoin coming to Stellar Lumens network with SEP-6 transfer service
Source: Maquette.pro – Shutterstock Coinqvest surfaces as the Tier SEP-6 transfer server on the Stellar Network. Investors can support Stellar in building rich liquidity for Coinqvest. The Stellar Lumens network has introduced Coinqvest as the Tier-1 SEP-6 transfer service for Bitcoin (BTC) and Litecoin (LTC). Coinqvest serves as the Tier-1 validator, Horizon operator,… Source link
Read More »ETH Lower, as USD Gains Following Strong Q3 Earnings – Market Updates Bitcoin News
Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red. Bitcoin Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at… Source link
Read More »Litecoin holds its neutral sentiments stance; What’s next for LTC?
Litecoin is a forked version of Bitcoin, which Charlie Lee created in 2011. It was created to process quicker and cheaper transactions. Many experts think Litecoin is an improved version of the Bitcoin protocol for the following reasons:- Bitcoin mining has become difficult because it needs expensive hardware. The miners who solve complex mathematical problems get rewards in the form of BTC. It can become popular as more computers perform similar tasks, so the competition is high and… Source link
Read More »Will Censorship Fork Ethereum? – CoinDesk
“If you have an idea for an [app], or if you should deploy an asset, even if you do a Ponzi scheme or whatever, the platform treats you in a neutral way,” he explained. “I feel like it’s important to have one place where, even at a geopolitical scale, you don’t have the fear that one party could just, say, freeze the accounts or the assets of another party.” Source link
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