Yuri Molchan

Binance to Host Week-Long Conference in Singapore to Promote Blockchain

The world’s first digital exchange by daily volume, Binance, plans to arrange a conference in Singapore to show the public the opportunities blockchain provides
Binance to Host Week-Long Conference in Singapore to Promote Blockchain
Contents

The Binance Blockchain Week is to last four days in the first month of 2019: from the 19th until the 22nd of January. The venue is the Sands Expo & Convention Centre in Marina Bay Sands.

The crypto giant has spread word that around 2,000 participants will be there, travelling from all corners of the world.

What will happen during the Blockchain Week

The whole thing will be two big events that will last four days. The Blockchain Week will start with a hackathon that will go on for two days. This is also called the Binance SAFU Hackathon. Then the Binance Conference will occur.

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The press release says that both events will be visited by top regulators of the industry, major investors, businessmen, technology experts and scientists. They will discuss the state the DLT ecosystem is in presently and ways to stimulate the growth of the industry.

The conference will be attended by more than 70 speakers, among whom there will be leaders of the blockchain area. Among them are Justin Sun, the CEO of TRON; Eric van Miltenburg, a top figure at Ripple; Da Hongfei, the creator of NEO; Changpeng Zhao (CZ), the Binance creator and CEO, and many others.

CZ added that his company is delighted to conduct this important Blockchain-dedicated event in Singapore, the place that is currently a fintech hub of Asia. The Binance CEO expects to have fruitful discussions that will provide a lot to think about and new ideas on how the DLT and crypto spheres can be developed in the future.

One more purpose of the Conference

One of the specific goals of the Binance SAFU hackathon (SAFU standing for ‘secured assets for users’) is finding innovative methods of keeping crypto coins secure. On the panel of judges there will be reps of the Ethereum Foundation, PwC, Binance Labs and other major blockchain companies.

The main prize for the winner will be $100,000 in BNB provided by the Binance exchange. Registration for participants is open via the exchange starting on December 10.

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Vaido Veek

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Ready For Pullback: Crypto Price Analysis, Aug. 30, 2018

Looks like the crypto market starts to make a little pullback
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Ready For Pullback: Crypto Price Analysis, Aug. 30, 2018
Contents

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

BTC could make a pullback and so can altcoins!

Yesterday, after the triple top we have seen some downwards movements and we have collected the signs that a movement downwards may happen!

We have a break below the triangle, we have a break below the red trendline which was resistance and now it becomes a support, we have a break below the round number!

At the moment the price retests this round number area and we are ready to go lower! Also, we have a lower low and a lower high price structure which indicates that the leg down is coming but you already know where you can enter the trade if you see a correct price action at this level- $6,700-$6,800! Let's see what the altcoins do in this situation...

Ethereum (ETH/USD) important aspects of staying healthy

Currently, the market looks like it is starting to make a little pullback! BTC has pointed down and shows some pullback signs and so does Ethereum!

We have some signs from the daily timeframe and from the 12-hour timeframe. In the daily timeframe we could see a bearish candlestick pattern called "Tweezer top" and in the 12-hour timeframe there  is also a bearish pattern called "Evening Star.” So, this will indicates that we start to make a little pullback also on the ETH/USD chart.

If the price structure wants to stay healthy then the pullback can't be lower than $270-$275. Why? At the moment we have a nice HL at the $270 level but if we drop below that then we make a new lower low and also we have a close below the strong support (blue line) which all indicates bearishness. In the image, you can also see bearish confirmation box, at least the four-hour candle closes in this area could mean disaster for ETH and it may go to around $200.

If we stay 'healthy' and we get a bounce around $270-$275 (bounce is supported by- strong support level and Fibonacci 62 percent retracement level) then we have made a new HL (higher low) and we are ready to climb higher. The first obstacles are the triangle trendline and the round number which is $300. To be fully confirmed that we start to heading upwards we have to make a new higher high which is around $330-$340.

Ripple (XRP/USD) is on the very important area!

At the moment we could see that we are on the trendline cross area! XRP price may go either direction but as you know the market may start to make a little correction! XRP price is currently between the two round numbers which are $0.3 and $0.4. At the moment, it found a resistance from trendline which is pulled from July 4th and if the down pressure stays on XRP price then we will break the minor up-trendline and we will see a movement downwards.

If we start to move downwards then our next stop would be $0.3, there is a round number 0.3 and a Fibonacci 62 percent retracement level! This area has to hold us, if not, then the next stop would be $0.25 where we see a double bottom! But let's see we will keep an eye on Ripple price and we will try to give you some updates about the price action!

To be bullish- we have to take down the minor trendline since July 4th and from there it's almost a clean road to the $0.4-$0.42 but above the $0.42 is very strong resistance levels! If we break upwards then the road to the higher levels could be very-very hard because there are monthly lows, monthly highs and the main down-trendline which is pulled from Feb. 17, 2018.

Hopefully, this helps you out a little bit to confirm your own analysis! Definitely make your own research!

Have a nice day!

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Daniel Osten

Fresh Capital Inflow Helps Crypto Market Grow, Altcoins Feed Off Bitcoin

Bitcoin wants to break free: $9,000 is left behind, but a strong resistance lies ahead. Altcoins have some time to grow
Fresh Capital Inflow Helps Crypto Market Grow, Altcoins Feed Off Bitcoin
Contents

After a short pause, the celebrations in the altcoin camp continues. By the beginning of Thursday, we can see moderate growth for all assets, with the exception of only a few coins including Verge, TRON and Stellar, but even those fell back just a few percent. This growth looks forced- it’s difficult to move upward for a long time without fallbacks, heavy coins feel the gravity more, but a trend is a trend and has to be reckoned with.

And what about Bitcoin? It seems that the father has become a blood donor for the children- its dominance makes up 35.9 percent at the time of writing. Since the beginning of the year, Bitcoin has already lost more than 10 percent of the market share. However, there is no doubt that it will eventually return all losses, redeeming the altcoins’ debt with interest.

Here is the remarkable part- despite the drop in dominance, Bitcoin price itself has been growing slowly over the last 24 hours. From this discrepancy, we conclude that the market is not just stewing in its own juices, but has new players with fresh capital.

IOTA’s turn to get some positive news hype

Thanks to this, total capitalization has grown by another $20 bln and now amounts to $440 bln, which is a record since the beginning of March. Among the top 10 coins, Bitcoin Cash has shown the best results with an increase of 13 percent, boosted by the news of being added to the London Block Exchange, and is followed by IOTA which has displaced TRON in ninth place. The coin grew an impressive 20 percent aided by the announcement of IOTA Ecosystem- a “home” for developers and members of the project’s community.

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BTC/USD

In the context of a generally positive mood, Bitcoin is growing as well, although it would make more sense if it fell. Buyers are not allowing the asset’s price to fall significantly, but it’s far from setting local records. It is hard to say right now whether this is a plan by some higher powers that need a stable Bitcoin to guarantee altcoin growth. In any case, the descending channel has been broken. We left just its upper boundary on the chart- most likely, we will see testing of this mirror level.

BTC / USD, Bitfinex, 4 Hour Chart

On the new markup, first of all, we draw the readers’ attention to the ABC triangle, the activation of which will determine the future fate of not only Bitcoin but the entire market.

While prices are inside the triangle, we do not advise any purchase-sale transactions- this should only be done if one of the triangle facets is broken.

In the course of the day, we are likely to see a test of the upper facet at the level of $9,300-$9,350. If the resistance proves to be strong enough, Bitcoin will be testing the opposite side at $8,900 where the former descending channel will remind us of itself.

If the bears persevere, the set of decline targets  $8,800 - $ 8,560 - $ 8,400 will become relevant. They all correspond to values of the Fibonacci grid, as well as to mirror levels. In the case of the triangle breaking upward, the nearest prospective target, aside from the previous local maximum at $9,750, will be $10,500.

BCH/USD

The surge in purchase volumes over the past 24 hours confirms investors' interest in Bitcoin Cash. Having formed the "double bottom" figure with a minimum of $1,230, the asset began the next growth stage and is attempting to overcome the previous high at $1,580. We believe that lateral trading will move to the upper level, which will become the launching pad for further movement.

BCH / USD, Bitfinex, 4 Hour Chart

The prospective goal of bulls is clearly seen at $1,800: it is confirmed by the mirror level, and by the 1.618 value of the Fibonacci extension, and by the boundary of the symmetrical figure, which suggests itself as the zone for the new lateral trading. The triple confirmation inspires confidence, but let's not forget that Bitcoin Cash trading is playing crypto on hard mode. Moreover, as usual, a lot depends on the original Bitcoin. In case of negative developments, a fallback to the level of $1,300 is possible. Therefore, once again, we recommend that readers refrain from trading until the situation becomes clear.

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ETH/USD

Ethereum buyers have attained an important achievement- the price was returned to the long-term ascending channel, formed in early April. Now, in case of correction, a price drop to $535 looks unlikely, but $575 remains possible. In order to stay within the channel, the bulls will need to do their best. Because of its steep slope, slowing down is not permissible, so Ethereum investors need to pray for continued Bitcoin growth.

ETH / USD, Bitfinex, 4 Hour Chart

In the case of a continued upward movement, the prospective target that we indicated earlier, $800, gets closer. For greater accuracy, we constructed a Fibonacci extension and got a target range of $780-$800. At the moment, Ethereum is looking better than the market, trading volumes remain stable. In case of correction, we recommend increasing long positions.

XRP/USD

Storm clouds are beginning to lift over Ripple investors. However, while the price is in the lower register of the ascending channel, it is premature, just as in the case of Ethereum, to say that the threat has passed completely. The safe margin of movement from the current price of $0.87 is insignificant - only $0.02, while the critical level coincides with the 0.382 value of the Fibonacci retracement and the intersection of the ascending and the descending channels.

XRP / USD, Bitfinex, 4 Hour Chart

 

In addition to the immediate growth target of $0.96-$1, the Fibonacci expansion points to a prospective target of $1.085, but it’s a hefty 25 percent away, so its attainment in the next few days is extremely unlikely. We believe that until the end of the weekend, the trading range will be $0.85-$ 0.92, at best.

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Does Ripple Have Potential to Overtake SWIFT?

Ripple is one of the few cryptocurrencies that came off quite well after the recent cryptocurrency market crash, though it also recorded significant losses
Does Ripple Have Potential to Overtake SWIFT?

Ripple is one of the few cryptocurrencies that came off quite well after the recent cryptocurrency market crash, though it also recorded significant losses. Nonetheless, XRP became the second largest coin by market capitalization, surpassing Ethereum again. Ripple’s Blockchain network is expanding, with several new partnerships reached this week. In fact, the company looks so confident that CEO Brad Garlinghouse said that Ripple would sooner or later overtake the SWIFT network, which is currently dominating the global banking transactions market.

Does Ripple Have Potential to Overtake SWIFT?

Garlinghouse was recently present at a Singapore fintech event, where he was interviewed by Bloomberg. He told reporters that SWIFT was getting old and it wouldn’t stand up to innovative technologies like Blockchain, which Ripple relies on.

“The technologies that banks use today that Swift developed decades ago really hasn’t evolved or kept up with the market. Swift said not that long ago they didn’t see Blockchain as a solution to correspondent banking. We’ve got well over 100 of their customers saying they disagree,” the Ripple CEO noted.

Garlinghouse also negated those who hinted that Ripple might potentially work together with SWIFT on a joint product.

“What we’re doing and executing on a day-by-day basis is, in fact, taking over Swift,” he noted.

Actually, SWIFT was the first one to deny the same rumors. It is true that the payments network operator was upset with the criticism and decided to deploy the Global Payments Innovation (GPI) upgrade, which would speed up the transaction time and processes. However, the new GPI implementation has nothing to do with Ripple integration, as some voices suggested earlier.

SWIFT Network

SWIFT is the short name of the Society for Worldwide Interbank Financial Telecommunications, an entity that was established more than 40 years ago. It enables companies and individuals worldwide to executive cross-border transactions, as the network reaches about 200 countries and comprises 11,000 customers, including all the major banks. The payment provider has dominated the market for decades, and it still does so.

However, Garlinghouse is confident that it’s time for a change. His company is the opposite of SWIFT – Ripple was founded in 2012 and is open to innovation. The RippleNet network currently comprises over 100 banks and payment operators, including SBI Remit, Standard Chartered, MoneyGram BBVA, and Mitsubishi UFJ Financial Group (MUFG). The San Francisco-based fintech firm leverages the distributed ledger technology (DLT) and uses the XRP cryptocurrency for its xRapid system.

Can Ripple overtake SWIFT?

While the shift from SWIFT to a Blockchain-based network cannot happen overnight, Ripple is doing concrete steps towards its expansion. Of course, we are not speaking about a real challenge today, but things might dramatically transform in only a few years, as Ripple’s network is growing fast.

For example, this month alone, Ripple reached several partnerships with major players of the financial world. Thus, on Nov. 9, Japan-based MUFG Bank, which is already a member of RippleNet, signed an MOU with Brazilian Banco Bradesco to develop a cross-border payments channel based on Ripple’s technology.

On Wednesday, Malaysia’s CIMB Group, which is ASEAN’s fifth largest bank, announced the collaboration with Ripple to create an instant cross-border payments system for the CIMB’s markets. According to the agreement, CIMB will become a member of RippleNet.

“We’re seeing banks and financial institutions from across the world lean into Blockchain solutions because it enables a more transparent, quicker and lower cost payments experience,” Garlinghouse said then.

On Thursday, Ripple boasted that it was selected as a partner by Thailand’s Siam Commercial Bank (SCB).

Now that Ripple launched its xRapid solution, more banks are keen to turn to Blockchain. So… the CEO might be right about overtaking SWIFT at some point, but not today.

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Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS Develop Downtrends, Suffer Big Losses: Price Analysis, August 9

Bitcoin and altcoins new lows reached, bulls are frustrated
Bitcoin, Ethereum, Ripple, EOS Develop Downtrends, Suffer Big Losses: Price Analysis, August 9
Contents

Hello, this is Andrew Strogoff again. This situation in the crypto market remains negative as Bitcoin and altcoins continue to fall and suffer significant losses on Tuesday. I was talking about a probability of a correction, but it seems that investors don’t pay attention to the technical analysis at all as they continue to get rid of cryptos quickly.

However, this downtrend may be a game of whales who want to push the price lower in order to buy it with benefits. If this is true, I think we still have some long distance to do.

As for the events, there is nothing to affect the price significantly. However, I have prepared some interesting events for you. Let’s get down to them. Opera Browser launched their own crypto wallet. This wallet, released in July 2018, is Ethereum compatible. This add-on allows users to make payments using Windows devices.

Bitcoin (BTC/USD) establishes new lows

Bitcoin developed its downtrend on Tuesday as bulls have almost no chances. There were more red candlesticks again. BTC/USD has lost nearly four percent in the past 24 hours and established new local lows. The currency pair resides below the red descending trend line and even failed to approach it yesterday.

BTC/USD 4H Chart

As you can see it on the four-hour chart, Bitcoin develops its downtrend with huge momentum. I spoke about a correction in Tuesday’s review, but it hasn’t happened as bears continued to push it and smash bulls. This sellers’ success is strange, however, I gave a couple of versions at the beginning of this review.

I thought that BTC/USD were going to reach the red descending trend line, but the currency pair failed to get there as Bitcoin developed the downtrend instead. It is hard to predict further fluctuations now. I still think that BTC/USD needs a correction even if it is going to develop its downtrend in future.

This correction may aim $6,510 resistance at least. If buyers are successful, BTC/USD may develop this uptrend targeting next resistance areas.

However, bears are very strong currently and they are able to develop this downtrend even without any correction at all. BTC price is below the resistance area at $6,329 and they may start off from there.

Ethereum (ETH/USD) follows Bitcoin on its way down

Ethereum developed the downtrend following Bitcoin. The whole crypto market shows negative dynamics in the past several days as investors pay less interest to this industry. ETH/USD stays below the descending trend line and far from it. I think that bulls are ready to counterattack, but as I see, investors pay less attention to technical analysis as well currently.

ETH/USD 4H Chart

ETH/USD has reached the support area at $355.45 and established new lows. Ethereum has lost more than four percent in the past 24 hours showing that sellers are still very strong as they managed to push it lower without any correction.

I think that the upside correction should happen now and its targets are at the resistance area at $375.60 at least. If bulls are stronger, they will be able to drive Eth/USD even higher. There are several interesting levels above.

However, sellers have control over the market currently and they are very strong and powerful as the moment. This means that you need to be cautious when placing buy orders expecting upside correction.

Ripple (XRP/USD) develops the downtrend

Ripple has lost more than four percent in the past 24 hours. The currency pair stays far below the descending trend line meaning bears have full control over the situation. Buyers are frustrated as they are unable to counterattack. I have expected some sort of correction on Tuesday, but as you may see it, there was none yesterday.

XRP/USD 4H Chart

Ripple has reached the support area at $0.3503 and even managed to break it through. However, bulls seem to be able to drive it towards this level to retest it again. Let’s see what will happen in the nearest future.

I think that the buyers are going to counterattack now. The correction is truly needed and XRP price is likely to run towards the closest resistance area at $0.3934 (after jumping over the resistance at $0.3503). I think that this target is primary for today.

What may happen next? If buyers are successful, they will be able to drive Ripple even higher as there are many interesting targets on the way. However, we should not forget that bears are too strong now and they are able to change the situation in their favor at any moment.

EOS (EOS/USD) today’s loser

EOS has lost more than 10 percent in the past 24 hours. The currency pair failed to start a correction on Tuesday and developed its downtrend instead. EOS/USD is far from the red descending trend line. The downtrend is on the way, but I think the correction is needed.

EOS/USD 4H Chart

EOS established new lows on Tuesday. The currency pair has jumped over the support area at $6.06 and reached $5.48. This is the local low. I think that EOS/USD is likely to start a correction from there. I expect it at least as the price is truly far from the trend line and according to the technical analysis rules should go to meet this descending trend line in the nearest future.

I think the closest target for this correction is at $6.06. The price is going to reach this level on Wednesday, I expect. If buyers are successful, they will be able to drive EOS even higher targeting new resistance areas.

However, sellers are too strong as you may see and they seem to pay less attention to technical analysis rules. This means that they may start to push EOS/USD lower even without any correction.

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Bitcoin Established New Highs, Ethereum, Ripple, EOS Remain Flat: Weekly Price Analysis July 21-28

Bitcoin rushed upwards when the other cryptos stay flat developing their corrections
Bitcoin Established New Highs, Ethereum, Ripple, EOS Remain Flat: Weekly Price Analysis July 21-28
Contents

Hello, dear readers and subscribers. This is Andrew Strogoff again and today we are going to make a trip into the world of cryptanalysis. This is my weekly review of the situation. Before I start, I would like to underline, that not all of my targets were reached this week. Those who follow my daily reviews know that I have higher targets that are still a bit far from the current price.

I still believe that the crypto market is going to burst in the nearest future, but currently, it is consolidating. We have almost the same situation on the daily charts. The lonely gainer of this week is Bitcoin, who managed to reach new tops while the other cryptos remain flat.

What are the most interesting news and events of the past week? I want you to pay attention to some releases that may attract your attention. The first one is related to Bitcoin. The number of ATMs that offer cash for Bitcoins becomes significant as you may find such ATMs in the US, Europe and even Africa. This is a good news even despite the fact that is has no direct effect on the price.

McAfee still tries to attract attention to himself as he launches his own website on market capitalization. The website is the direct competitor of Coinmarketcap, but I don’t understand, however, what is the reason to create it?!

Another interesting news comes from AMD as hardware giant reports the decline of GPU miners’ sales in Q2. The company reports low demand and is not planning to capitalize on Blockchain in Q3.

US regulators still want to seize the crypto market by the throat as CFTC is seeking how to improve monitoring and controlling of digital coins.

Cryptocurrency rates

Before I get down to the charts, I would like to give you some more interesting data related to cryptocurrencies. Below you can find the Top 5 cryptos according to their volumes (for the past seven days):

  1. Bitcoin (BTC)
  2. Tether (USDT)
  3. Ethereum
  4. EOS
  5. Bitcoin Cash

The next list relates to the biggest gainers of the past 24 hours:

  1. PIVX (71st place in the Top 100) added more than 20 percent.
  2. 0x (23rd place in the Top 100) added more than 10 percent.
  3. Komodo (60th place in the Top 100) added more than 10 percent (but a bit less than 0x).
  4. Aelf (62nd place in the Top 100) added more than eight percent.
  5. DigiByte (32nd place in the Top 100) added more than eight percent.

Now I want you to pay attention to the biggest losers of Saturday:

  1. MOAC (69th place in the Top 100) loses more than six percent.
  2. ChainLink (98th place in the Top 100) loses nearly four percent in the past 24 hours.
  3. Mithril (43rd place in the Top 100) loses more than two percent.
  4. DentaCoin (84th place in the Top 100) loses almost two percent.
  5. Nebulas (68th place in the Top 100) loses around one and a half percent.

And finally, the biggest gainers and losers of the week. Here they are:

  1. Grimcoin (1104th place) added almost 255 percent.
  2. DMarket (220th place) added 237 percent.
  3. Refereum (241st place) added more than 214 percent.
  4. Trident Group (1301st place) added more than 158 percent.
  5. Artex Coin (1384th place) added more than 137 percent.

Bitcoin (BTC/USD) downside correction is almost done

Bitcoin has added more than 10 percent in the past seven days. The currency pair is the lonely gainer of all those I describe in this review. BTC/USD had a correction this week but I think it is going to resume the uptrend in the nearest future.

btc

Now I want you to pay attention to the daily chart. BTC price jumped over the resistance area at $7,767 and moved higher. However, on Wednesday the uptrend was stopped as the correction started. BTC/USD has tested the support area at $7,767 from above and jumped off it.

I think that BTC/USD is ready to resume the uptrend and to reach my targets on the daily chart. I believe Bitcoin is able to touch $8,962 in the nearest future. Moreover, the correction is over and I hope this will happen during the week.

As for the bearish scenario, I see no reasons for bulls to let bears take control of the market. This correction towards the support area at $7,767 was a good attempt, but it is done already and BTC price goes upwards.

Ethereum (ETH/USD) no gains no losses

Ethereum had no gains and no losses in the past seven days. The currency pair stays within a range and has no tendency currently. However, I believe that bulls are likely to take control in the nearest future and to start the uptrend.

image

Now let’s see what is going on the daily chart. Ethereum stays below the resistance at $495.89 but I think that this is temporary as ETH/USD shows some signs of further downtrend. There was a couple of support are tests, but bulls were able to hold their lines.

My targets for the Ethereum are the following– I believe that the currency pair is going to reach the resistance area at $569.72 in the nearest future. Can bears turn the situation in their favor? I don’t think so, but they may have enough power to push ETH/USD to the closest support area at $427.24.

Ripple (XRP/USD) no serious movements last week

Ripple has made almost no gains or losses in the past seven days. XRP price is close to the support area and the June-July lows. I think that bulls are going to take control soon.

ripple

Let’s see what is going on the daily chart. XRP/USD is close to the $0.4372. As you can see, my targets are far from there and they are unreachable for the next week. However, I think that XRP price will choose the upside direction. I believe that XRP price is going to hit

My targets are above this level. I think XRP/USD is likely to reach the resistance area at $0.6563. However, as I have mentioned above, this target may be reached in a couple of weeks at least. As for the bearish scenario, it is less probable as we are close to a very strong support area.

EOS (EOS/USD) flat trading, new gains are on the way

EOS has small gains in the past seven days. There is no trend currently as the currency pair stays within the range. It is close to the resistance area and I think we are on the eve of serious upside movements. Anyway, I believe the uptrend is the most probable scenario for the nearest future.

eos

The currency pair is close to the resistance area at $8.95 currently. I think that it is going to test this level in the nearest future. My targets are higher as I think EOS/USD is able to reach the next resistance at $10.79.

However, there is another scenario where the currency pair is going to reach the support area before EOS starts off.

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