Daily market review & Analysis July 25th

in #law • 6 years ago (edited)

Daily market review & Analysis July 25th

cryptohouse.png

XLM/BTC
A classic head & shoulders pattern that can take Stellar all the way down BUT, based on MACD, it can go to the other side, so we'll place 2 market orders around the blue circle (see the chart below) and wait for the breakout.
The size of the future movement will be between 1:1 to 1:1.5 compare to the size of the "head". (orange line)
xlmm.png

ADA/BTC
The third wave is coming, we're still waiting for the MACD confirmation and we'll take the a long position for the next 3-6 weeks + T.P.
Cardano can still drop a bit to its support before that, at the moment it's testing the channel S.L.
cardano.png

Market review- highlights

  • China publishes July Cryptocurrency Rating Index, EOS still on top, Ethereum ranked second.
  • India’s law reform committee accepts cryptocurrency as a valid mode of payment.
  • Japanese Exchanges push for limit on Cryptocurrency margin trading.
  • Representative Brad Sherman calls for US ban on Cryptocurrency.
  • Iranian Hotels accept Cryptocurrency as means for bypassing US sanctions.

#regulation #news #bitcoin #blockchain
6 years ago in #law by
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     6 years ago 

    Never impressed by those two, huge expectations from both with no real breakthrough, ADA has a strong resistance at 0.25 and it's difficult to pass it.

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     6 years ago (edited)

    I agree with you dude. Really some overrated stuff

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       6 years ago 

      ADA looks great, Do you think it has anything to do with the resent eToro -Cardano (ADA) Market Research Report ?

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         6 years ago 

        Thanks for the detailed analysis!
        umelard, What report? can you share it with us?

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           6 years ago 

          Iraninan hotels taking crypto is amazing ! hope to see more adoption in Iran

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             6 years ago 

            Cardano sees higher highs and higher lows, an uptrend that was broken in the case of stellar which is now looking for resistance

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               6 years ago 

              China publishes July Cryptocurrency Rating Index, EOS still on top, Ethereum ranked second.

              Can you please post a link? Thanks man.

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                 6 years ago 

                was wondering about that too, the situation of crypto in china is weird, why is only bitcoin banned ?

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                   6 years ago 

                  classic china move is to keep the cards close to the chest, plus they don't have to justify themselves to anybody else, as a rule of thumb though, I'd by whatever china bans (facebook,google..)

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                     6 years ago 

                    Coins mentioned in post:

                    CoinPrice (USD)📉 24h📉 7d
                    ADACardano0.135$-4.57%-21.6%
                    EOSEOS7.071$-3.09%-18.34%
                    ETHEthereum416.362$-1.78%-13.05%
                    XLMStellar0.273$-0.68%-17.21%
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