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📈 Price Predictions
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Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26

  • Andrew Strogoff
    📈 Price Predictions

    Bitcoin and altcoins corrected on Wednesday, ready for another upside burst

Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Hi there. Andrew Strogoff is with you again and we are going to dive into the crypto analysis right now. As you may see, there was almost nothing interesting on Wednesday as the currency pairs that I review here are in correction. However, this correction is almost done and I believe that we are on the eve of another bullish run in the nearest future.

What is going on in the crypto world? Nothing to change the price significantly, but some events are worth your attention. Google integrates Ethereum into their cloud platform. The community is excited about this news as it gives more perspectives to the Ethereum platform as well.

Another interesting news comes from the US. 2020 US presidential candidate started to accept donations in cryptos meaning Bitcoin and “friends” have wider adoption currently and may have larger support in future especially if Andrew Young becomes US President.

Bitcoin (BTC/USD) refueling stage is almost over, new upside burst is on the way, price analysis, July 26

Bitcoin has lost almost two percent in the past 24 hours. The currency pair is in its correction phase currently but nearly ends. I believe that BTC/USD is going to resume the uptrend in the nearest future.

BTC/USD 4H Chart

Bitcoin has almost reached the resistance area at $8,560 on Wednesday but retreated from there as bulls were unable to run the currency pair higher. Moreover, BTC/USD has started a correction and reached the support area at $8,193. Bears are unable to develop this correction and I think the uptrend is likely to resume on Thursday.

My targets are the same as I think Bitcoin is likely to develop the uptrend targeting the resistance area at $8,824. This is my target for the next couple of days. However, BTC/USD needs to break through the resistance area at $8,560 first.

I think many of you are wondering whether the downtrend is possible? The probability of this scenario is low, I suppose. The uptrend seems to be strong.

Ethereum (ETH/USD) correction stops as bulls are ready for an assault, price analysis, July 26

Ethereum has lost a little in the past 24 hours, but the uptrend is still actual. There was a correction on Wednesday but it almost over and the currency pair is ready to resume the uptrend. Anyway, I believe that bulls are going to double their efforts in the nearest future to break bears resistance.

ETH/USD 4H chart

Ethereum has reached the support area at $473.39 on Wednesday within the correction framework but failed to move lower and I see a good sign here. Bulls have build a wall at this level, which supported the currency pair from further decline.

What my targets are? I think that ETH/USD is going to reach the resistance area at $500.36. The currency pair is able to move even higher, but let’s be realistic. We have to test July’s highs first before the price will be able to go higher.

Ripple (XRP/USD) is ready to resume the uptrend, price analysis, July 26

Ripple corrected on Tuesday and consolidated on Wednesday with almost no gains no losses. I think that the currency pair is ready to resume the uptrend in the nearest future. Bears seem to be unable to change the situation in their favor.

XRP/USD 4H chart

We have reached the support area at $0.4495 again on Tuesday, but bulls counterattacked and gained momentum. XRP price is above this support area currently. My targets are well above at $0.5088. I believe that we are going to have the uptrend resumed in the nearest future.

However, the price has to break through the closest resistance at $0.4744 before reaching my target. Can bears revert the situation? I am far from thinking this. Bulls are strong currently and are able to gain new aims.

EOS (EOS/USD) ends correction, new targets on the way, price analysis, July 26

EOS corrected on Wednesday and almost reached the support area at $8.29. There were almost no gains no losses in the past 24 hours. I think EOS/USD is ready to resume the uptrend in the nearest future and we will see some new big upside movements.

EOS/USD 4H chart

EOS is trading between $8.29 and $9.03 currently but EOS price is likely to resume the uptrend in the coming hours, I believe. My targets are set at $9.56 resistance area but we have to break through the resistance at $9.03 before going higher.

Are bears able to change the situation? I don’t think so. They are weak currently and have no power to push EOS/USD lower.

NEM (XEM/USD) resumes the uptrend as there are almost no obstacles on the way, price analysis, July 26

NEM looks very promising on Thursday. The currency pair had a downside correction on Wednesday and seems to resume the uptrend currently. Bears have almost no chances as they lost control over the market.XEM/USD 4H chart

NEM  has almost reached the resistance area at $0.1883. The uptrend seems to be resumed and my targets are still the same. I believe XEM/USD is likely to reach $0.2082 in the nearest future. There are no candlestick patterns currently, but I see HL which means the currency pair goes upwards.

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About the author

Andrew Strogoff is a skilled Forex trader and technical analyst from Limassol, Cyprus. He started cryptocurrency trading three years ago, and now is fond of blogging, swimming, cars, new technologies. Loyal blockchain adopter.

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📰 News
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Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details

  • Alex Dovbnya
    📰 News

    The February court hearing is expected to put an end to the legal battle between Telegram and the SEC by determining whether Grams are securities

Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details
Cover image via www.123rf.com

Telegram will ask the court rule against classifying their Gram tokens as securities during the upcoming February hearing, according to a letter to TON investors that was obtained by U.Today. 

As reported by U.Today, Telegram was slated to voice its arguments against the US Securities and Exchange Commission (SEC) on Oct. 24. However, a new court filing shows that the hearing has been postponed to Feb. 18-19, 2020.

IT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute “Grams” toany person or entity, until the conclusion of the hearing scheduled by the Court for February 18and 19, 2020 (“Hearing”), except upon further order of the Court or agreement of the parties.

The Telegram team states that the hearing that is scheduled to take place in February is fundamentally different from the one that was supposed to happen in October. Telegram expected the court to put an end to the ongoing dispute by ruling on the "core arguments" that their Gram token is not a security. 

The October 24 hearing, in contrast, was only to consider whether a delay should have been mandated, without conclusively resolving the core argument. 

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On Oct. 17, Telegram filed a response to the SEC where it states that its native token "will merely be a currency or a commodity." One day later, the regulatory watchdog asked the court not to reject its request for a preliminary injunction against the Pavel Durov-helmed company, adding that its argument about Grams not being securities wasn't convincing.

Telegram will make sure that its position is presented "as strongly as possible" during the forthcoming hearing. 

The Telegram Open Network (TON) was scheduled to go live by Oct. 31 (otherwise, Telegram would have to return money to its investors). However, the SEC sued the messaging giant for allegedly running an unregistered ICO, which forced the company to delay the launch of its network to Apr. 30, 2020 while trying to cut a deal with its investors. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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