📈 Pricewise Andrew Strogoff

Bitcoin Cash, Litecoin, Neo, IOTA, QTUM Flat, But Changes Near: Price Analysis, July 12

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For top 20 cryptocurrencies, the next step is around the corner
Bitcoin Cash, Litecoin, Neo, IOTA, QTUM Flat, But Changes Near: Price Analysis, July 12

 

The crypto market “was sleeping” on Wednesday as nothing serious happened. Most of the major cryptocurrencies remained flat as buyers and sellers have found a balance. However, this situation is likely to change in the nearest future.

There are no events to affect coin prices currently, but we are going to mention a couple of interesting news here. The Korean Blockchain Association has tested local exchanges and stated that 12 major trading places have a high-security level. It is important to mention, that the majority of those exchanges were subject to hacker attacks in the past.

McAfee’s war against HitBTC still rages on. He has lost the first round as his verbal calls remained almost unnoticed by the crypto community. Famous coins and ICOs’ oracles decided to make another round of war, but this time, McAfee and collected all the information from the victims of this exchange in order to start a  legal procedure.

Bitcoin Cash (BCH/USD)

Bitcoin Cash has broken its uptrend on Tuesday-Wednesday and declined. The currency pair added almost nothing in the past 24 hours as we have a very narrow flat situation on the chart. It is hard to say whether bulls or bears are going to take control over the market.

BCH/USD 4H Chart

The currency pair has broken through the green ascending trend line and successfully tested the support area at $720.1. It stays below this level in the moment of writing. The currency pair is close to June’s lows but it is hard to say currently whether BCH/USD is going to reach them or reverse from the current position.

We give a chance for both scenarios on Thursday as there are no signals or even hints on future price fluctuations currently. We think that bears still have power and control over the market and are able to push Bitcoin Cash to June’s lows. Perhaps, this scenario is vital.

However, bulls prevent them from smashing the price currently. Buyers also have a chance to reverse the situation in their favor.

Litecoin (LTC/USD)

Litecoin fluctuated in a wider range on Wednesday. Litecoin added half a percent in the past 24 hours, but the situation remains neutral. Neither sellers nor buyers control the market currently.

LTC/USD 4H Chart

Litecoin has successfully tested the ascending trend line on Tuesday and has broken through the support area at $78.62 later. The currency pair currently stays below this level. There is a kind of bearish flag pattern on the four hour chart.

If the flag works, we think that Litecoin will be able to test June’s lows in the nearest future. The target for the currency pair lies at the support area of $73.28. This is the first and nearest target for LTC/USD.

The alternative scenario for the currency pair is growth towards the resistance area at $84.44. However, we think that this one is less probable in the nearest future.

NEO (NEO/USD)

NEO stopped declining on Thursday. The currency pair is flat currently. NEO/USD has lost almost two percent in the past 24 hours. However, the situation remains neutral as bulls and bears have found balance.

NEO/USD 4H Chart

NEO has broken through the ascending trend line and declined towards the support area at $32.31. The currency pair attempted several times to test this level, but bulls still hold their positions. There are no signals currently.

As for the scenarios, there are two of them. Bears are able to push NEO/USD lower targeting June lows at the support area at $27.78. This bearish scenario has 50 percent probability currently. The other way for NEO/USD to break through the resistance area at $36.45 and move higher, targeting the next resistance at $40.30.

IOTA (IOTA/USD)

IOTA fluctuated within a narrow range on Wednesday and remains neutral and Thursday. The situation is unclear as the currency pair is close to June’s lows. Neither bears nor bulls control the market.

IOTA/USD 4H Chart

The currency pair has broken through the ascending trend line on Tuesday and has successfully tested the support area at $1.0145 on Wednesday. There is no clear direction currently, but we can see a bearish flag pattern on four hour chart meaning that sellers are able to develop their progress.

We think that sellers can push IOTA/USD lower targeting the closest support area at $0.8969 at least. If successful, bears will have a chance to make another significant step.

However, if the flag breaks, bulls will regain control over the market and drive IOTA/USD upwards towards $1.1321 via the closest resistance area at $1.0145.

QTUM (QTUM/USD) price analysis, July 12

QTUM has broken through the support area of $8.2628 on Tuesday and developed its decline later. The currency pair has lost more than one percent in the past 24 hours. There is no clear direction currently as QTUM price is close to June’s lows and we think bulls have prepared a huge support there.

QTUM/USD 4H Chart

The currency pair fluctuates close to the support area at $7.4706 at the moment of writing. This level is important as June’s lows lie there. We do not think that bears will be able to jump over it without any trouble.

As for the scenarios for the nearest future, QTUM can reach the support area at $7.4706. This is the main scenario for Thursday. However, bulls are able to regain momentum and drive QTUM/USD higher. The targets are above $8.2628.

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Bitcoin Berated as Bubble But Stock Market Held to Easier Standard

Mainstream media panics when Bitcoin experiences volatility, but no alarm sounds at unprecedented equities drop.
Bitcoin Berated as Bubble But Stock Market Held to Easier Standard

Bitcoin is crashing… again, and pundits once again insist that the bubble has finally popped and that the digital currency is now “dead.” At the same time, global equities markets have taken massive hits, but experts remain optimistic about them. In fact, the Dow Jones Industrial Index yesterday posted an unprecedented 1,175 point drop, after falling 665 points the previous trading day and opening down over 500 points today.

While the fall in the stock market represents an 8.5 percent drop and Bitcoin’s is over 20 percent, the amount of money wiped out of the equities markets is 12 times bigger than that which was lost in the cryptocurrency market. Yet, the calls of crashes and bubbles are still only being aimed at the digital currency market.

History of volatility

A brief look at the history of Bitcoin will reveal an asset that is probably unparalleled when it comes to volatility, and it has never been a secret. Drops of 10, 20, even 50 percent in a day have all been seen before by those who have been around long enough. In fact, there’s a meme in the crypto community that borrows from a famous Marilyn Monroe quote, stating:

If you can’t handle at my 30 percent dips, you don’t deserve me at my 500 percent spikes.

But the problem is that the Bitcoin boom of November through December, which coincided with one of its biggest rallies yet, was fueled by a wave of mass individual adoption. Those new investors who entered at Bitcoin’s high have never experienced any of its lows and are panicking.

The mainstream media are also new to this space and have exacerbated the situation by blindly making calls of bubble pops and imminent crashes.

Meanwhile, on the Dow

Bitcoin is being held to higher standards than the equities markets, it seems, as mainstream media continues to write obituaries for the digital currency. Simultaneously, the Dow Jones has managed to break records not even seen in the collapse of 2008, yet the media’s reporting is far more subdued. The Dow’s 1,175 point single-day decline is actually worse than the day the Lehman Brothers imploded.

It’s all relative

There is no question that Bitcoin’s losses are much larger, in percentage terms than the recent drops in equities. However, longtime investors expect much greater volatility from Bitcoin than from stocks. While large rises and drops are expected of Bitcoin, experts have led investors to believe that equities will keep going up, with no end in sight. Pundits are relatively unconcerned about the unusual drop in the Dow, but normal Bitcoin volatility is causing them to sound a death knell for the currency.

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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS Start This New Week in Red: Price Analysis, May 28

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Red again: cryptos start this week in negative area, establishing new local lows
Bitcoin, Ethereum, Ripple, EOS Start This New Week in Red: Price Analysis, May 28

The cryptocurrency market is still unable to stand up after a shocking knockout. There were some positive attempts on Friday, but the price stood neutral during the weekend and started to decline on Monday. There is still no news to awake cryptos as they continue to slide down their trend lines like snakes.

We have two conferences on the way- Blockchain & Bitcoin Conference Australia as well as Bitcoin meetup. The last to take place in San Francisco, US. Those events may cause some positive changes, but it is still too early to analyze them.

Regardless this general negative scenario that is unfolding now in the crypto market, there is some positive news coming from different regions regarding the expansion of cryptocurrencies into the real economy. Bitcoin is now accepted by Stormy Daniels’ adult website and may be used to pay utility bills in the Czech Republic. As for Ripple, this crypto is now available for Stock app users.


Bitcoin (BTC/USD) Price Analysis, May 28

BTC/USD


Bitcoin is still unable to get off the ground as BTC price continues to slide down the trend line establishing new lows. There are no significant losses in the past 24 hours as BTC/USD falls less than two percent.

BTC/USD

The currency pair managed to cross the descending trend line on Friday and followed the green scenario. BTC/USD reached 1.618 retracement level, which coincides with $7,565 resistance area. However, later Bitcoin resumed declining and reached the descending trend line. The possible scenarios for BTC/USD are the following:

1. Red scenario (bearish). The currency pair will break through the support area at $7,199 and move below it developing downside tendency.

2. Orange scenario (neutral). BTC/USD will jump off the current support area at $7,199 and move upwards targeting the closest resistance area at $7,565, which coincides with 1.618 retracement level.

3. Green scenario (bullish correction). The currency pair will go towards $7,565 resistance area and break it through aiming the next resistance area at $7,949.

We think that neutral scenario has more chances to develop. However, bullish correction towards $7,949

Ethereum (ETH/USD) Price Analysis, May 28

ETH/USD

ETH/USD has lost over eight percent in the past 24 hours. It is still below the descending trend line meaning bears dominate the market. There is even not a single sign for future reverse as ETH price is unable to cross this midterm trend line.

 

ETH/USD

Let’s have a closer look at what is happening on the hourly chart within the Fibo retracement. ETH price jumped off 3.618 retracement level several hours ago and seems to start a bullish correction now. ETH/USD followed orange scenario and reached $596.08 resistance area. However, later the price declined towards the support area at $566.90.

The possible scenarios for ETH/USD are the following:

1.    Red scenario (bearish). The currency pair will go towards 3.618 retracement level and break it through.

2.    Orange scenario (neutral). Ethereum will go towards the descending trend line and the closest resistance area at $566.90. Once this area reached, ETH/USD will reverse downwards.

3.    Green scenario (bullish correction). The currency pair will reach 2.618 retracement level and red descending trend line, break the through and go higher aiming at the closest resistance area at $596.08.

The neutral scenario has better chances to develop.

Ripple (XRP/USD) Price Analysis, May 28

XRP/USD

Ripple has lost nearly six percent in the past 24 hours. The currency pair is above the descending trend line, but bulls still seem to be unable to change the situation significantly as XRP price continues to slide down.

XRP/USD

Let’s have a closer look at the situation on the hourly chart. Ripple followed the orange scenario during the weekend but started this new week with a serious decline. XRP/USD managed to fall towards 2.618 retracement and established a new local low.

Possible scenarios for Ripple are the following:

1.    Red scenario (bearish). Ripple will develop its downside progress targeting new local lows.

2.    Orange scenario (neutral). XRP price will run towards the closest resistance area at $0.5914. XRP/USD is likely to reverse afterwards.

3.    Green scenario (bullish correction). XRP/USD will reach the closest resistance area at $0.5914 and cross it targeting the next 1.618 retracement area, which coincides with $0.6216 resistance area.

The neutral scenario seems to have better chances on Monday.

EOS (EOS/USD) Price Analysis, May 28

EOS/USD

EOS has lost nearly four percent in the past 24 hours. The currency pair seems to be in a correction to a midterm downtrend. However, bears seem to control the market as the price is close to the descending trend line.

EOS/USD

EOS has tested the resistance area at $12.80 but failed to break it through and went downwards. The currency pair crossed 0.236 retracement level and reached the support area at $11.92. EOS/USD fluctuates below this support in the moment of writing.

The possible scenarios for EOS/USD are the following:

1.    Red scenario (bearish). The currency pair will break through 0.5 retracement level and move lower targeting support area $11.41, which coincides with 0.618 retracement level.

2.    Orange scenario (neutral). EOS/USD will run towards 0.236 retracement level and reverse downwards there.

3.    Green scenario (bullish correction). EOS/USD will reach 0.236 retracement level and break it through targeting the closest resistance area at $12.80.

Zcash (ZEC/USD) Price Analysis, May 28

ZEC/USD

Zcash has lost nearly nine percent in the past 24 hours. The currency pair is in a deep downtrend showing no signs of recovery. It slides down the red descending trend line and breaks one support area after another.

ZEC/USD

Let’s have a closer look at ZEC/USD’s fluctuations. The currency pair seems to be unstoppable and falls all the time without even a minimum correction. By the way, Zcash has left the top 20 cap cryptocurrencies during the weekend. It has broken through 254.88 in the past several hours and seems to aim other targets that are lower.

Possible scenarios for ZEC/USD are the following:

1.    Red scenario (bearish). ZEC/USD will break through the closest support area at $239.79 and move lower.

2.    Orange scenario (neutral). The currency pair will jump off the support area at $239.79 and move towards the closest resistance area at $254.88. ZEC/USD will jump off this area and move towards the support.

3.    Green scenario (bullish correction). ZEC/USD will break through $254.88 and run targeting the next resistance area at $273.34.

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Tron Price Prediction - How Much Will be TRX Value in 2018\20\25?

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Tron Price Prediction - How Much Will be TRX Value in 2018\20\25?

The market of cryptocurrency has exploded in 2017 when all major cryptocurrencies gained 1,000 percent and more in price. The world is continuing going digital, and thousands of altcoins pop up here and there. One of the top 15 global currencies is Tron (TRX), and it is slowly gaining authority in the crypto community. What makes this cryptocurrency special, and what is Tron cryptocurrency prediction for the following years? If you’ve been in the dark about this currency, it’s time to get essential information.

What is Tron (TRX)?

Tron is the creation of 26-years-old Justin Sun, a Chinese student who previously worked for Ripple (RPX). This currency was designed to change the way major websites and platforms publish and use the content. Besides, it facilitates sharing of content in the Net eliminating the need of major content providers, such as YouTube or Facebook. Therefore, Tron would be useful for artists, musicians, creatives, and people alike.

To get a better understanding of Tron advantages, read these fast facts:

  • Tron is one of the most profitable crypto coins

  • It’s the 10th largest coin on the market

  • It enjoys a high trade volume

  • It is trusted by a lot of crypto community investors

  • it’s based on Ethereum and soon will become an independent Blockchain.

Tron is based on a different Blockchain than Bitcoin. Let’s highlight their key differences:

Bitcoin

Tron

Uses proof-of-work consensus mechanism

Uses proof-of-stake consensus mechanism

Processes seven transactions per seconds

Processes 1,500 transactions per seconds

Block production time– 10 minutes

Block production time– 15 seconds

Time of confirmation– six blocks

Time of confirmation– one block

Uses Elliptic Curve Algorithm for wallets

Uses Lamport Algorithm for wallets

Wallet trading platform - PC

Wallet trading platform - mobile

Tron in numbers

In 2017, TRX Tron price prediction wasn’t simply justified– no one suspected the coin to perform so well. The results were very progressive. So, what do we have now?

In January 2018, Tron was worth $0.049, and the market cap was estimated at $3,221,003,949. It was also valued at $0.25 with an unimaginable market cap of $16,752,047,709. This is a huge growth that can be compared with rising of Bitcoin and Ripple. Today (July 2nd, 2018), one TRX is worth $0.037, which isn’t as much as the community has expected, but some changes are coming– we’ll mention it later.

Let’s find out what is Tron price prediction for the following years.

Tron price prediction 2018

The first Tron prediction 2018 was not justified. This is what the predictions looked like:

Tron price prediction 2018

Let’s remember– the current price of TRX is $0.037, although it was supposed to have risen to $0.23-$0.4 already. According to investingpr.com, it will rise to $1 within only five years – that seems to be a realistic Tron price prediction. Note that the circulating amount of TRX coins is already 65,748,192,475, and it will only increase– that’s the factor that keeps Tron from growing. But while more and more developers start implementing the platform, it becomes more appreciated.

According to Tron coin price prediction 2018 from WalletInvestor, the currency is going to reach $0.1 within a year. Let’s face the truth: 2018 isn’t the most favorable year for this coin, and the fact that it has emerged from Ethereum is what makes it controversial. However, 2018 is a good period for making long-term investments. If you’re ready to wait for a few years– this is your chance. While Tron 2018 prediction isn’t as bright as we expect, this blockchain is only at the beginning of its way to success.

Theoretically, in 2019, the current Tron prediction can become true: as it gets more investors from major payment platforms and provider such as PayPal, it can gain in value considerably. The ending of 2019 may be great, as well, with TRX reaching around $1.5 per coin.

Tron price prediction 2020

Generally, Tron coin prediction 2020 is optimistic. Due to its technological supremacy, it can hit the Litecoin and take its place. It may also be conditioned by the fact that it may get more investors from big companies. Many investors are already interested in TRX right now seeing that it’s more cost-efficient than its competitors. Therefore, the most adequate Tron prediction 2020 would be some $2 and more, though some resources give more positive forecasts.

Optimistic TRX price prediction 2020

Long-term Tron TRX price prediction

What will happen within the next seven years? No one can answer this question for sure. According to the most realistic forecasts, TRX can climb to some $0.4 - $1.7, though Facebook claims it can grow to $31. It’s not likely that Tron can surpass Bitcoin– all in all, it’s based on a different Blockchain and serves for different purposes. Therefore, TRX is appealing only to some certain circle of investors.

What Tron coin prediction depends on?

As we’ve already mentioned, Tron coin price prediction is defined by several factors, including:

  1. Overall token supply. It’s already 65 bln, and this number is expected to grow (by 2050, all 100 bln coins will be issued). Such a huge number of coins devalues them.

  2. Implementation of Tron. Tron TRX prediction directly depends on the level of its implementation. As soon as large companies start implementing this cryptocurrency, it will become way more valuable. At the moment, it’s widely present on the cryptocurrency market but is not widely used by startups involved in creative content publishing.

  3. Tron becoming an independent platform. Right now, Ethereum casts a huge shade on Tron authority. As soon as creators reach the new level of development and make TRX independent, we can witness its popularization.

Bottom Line

According to realistic price prediction, Tron won’t hit the benchmark of $1 soon– it needs time for evolvement and development. This is a nice investment opportunity for those who are ready to wait. So if you have nothing to lose now, and you have enough patience, it’s time to buy a few thousand TRX right now.

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