📈 Price Predictions Stavros Georgiadis

Stellar Lumens Is Growing. What’s Next?

📈 Price Predictions
The 6th largest cryptocurrency in the world has recently formed an ascending triangle with higher lows and may be poised for a breakout aiming at $0.35 and then $0.38.
Stellar Lumens Is Growing. What’s Next?
Contents

Stellar (XLM) Technical Analysis

Stellar is currently in the sixth position in the top one hundred cryptocurrencies by market capitalization, having a market capitalization of $4.808.965.522 and price of $0,253682 as of Nov. 7, 2018. What’s next?

52- week Range: $0.0269 - $0.9199

1-Year Change: 823.44%

Looking for an upward breakout

Looking for an upward breakout

Stellar has recently formed an ascending triangle with higher lows and may be poised for a breakout aiming at $0.35 and then $0.38. The ADX DMI indicator shows a trend that is not very strong with a value of 20.25 for the ADX indicator, but the values of +DI and -DI are 32.92 and 13.35 respectively, showing that the dominant trend on the daily chart is the uptrend.

MACD indicator is also positive and rising, while the current price of $0.2620 is above the daily 20-period and the 50-period exponential moving averages show values at 0.2423 and 0.2383 accordingly. The Momentum indicator shows positive signs as it has formed higher lows and is rising, but the Stochastic indicator with values (14,3,3) is in the overbought zone above the 80 level.

What are the key levels to monitor for support and resistance?

First the daily Pivot Points are as follows:

Name

S3

S2

S1

Pivot Points

R1

R2

R3

Classic

0.23262

0.24049

0.25437

0.26223

0.27611

0.28397

0.29785

A break above the $0.26223 is very close and it may support the price to higher resistance levels. There is support at $0.1733, $0.1827, $0.2049 and $0.2540. There is resistance at $0.2715, $0.3013 and $0.35. Some resistance should be expected as the daily Bollinger Bands are $0.2413 and $0.2176 for the upper and lower band, respectively.

Buy at lower price levels anticipating a breakout

If the breakout is to occur, a good risk-adjusted trade may be buying near the support level of $0.23 and having the price of $0.35 as a first target. There is very strong support at the price near $0.20, so a stop-loss below it would offer a risk-reward ratio of about 1:3, which is considered very attractive.

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Bitcoin SV Price Prediction. A Top-Ten Cryptocurrency You Need to Know About

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Bitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap
Bitcoin SV Price Prediction. A Top-Ten Cryptocurrency You Need to Know About
Contents

Bitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap. The token network is now worth about $1.35 billion and is likely to increase is worth in the coming months. Bitcoin SV, Bitcoin Satoshi Version, is a hard-fork of the Bitcoin Cash blockchain that is giving its parent a run for its money. The BSV is meant to embody the vision of Bitcoin’s founder Satoshi Nakamoto and bring the power of currency back “to the people”.

The real purpose of BSV is to tackle four fundamental problems within the Bitcoin universe and that is where its value lies. These include stability, scalability, security, and safety; the caveat is that we’ve heard all this before, and didn’t those issues lead to Bitcoin’s previous hard-forks?

BSV/USD is under pressure, but the outlook is bullish

Like most cryptocurrencies, Bitcoin SV has been under pressure in the last few months. A lack of coherent regulation and uncertainty for blockchain’s future are largely to blame. The good news is that the token has been stabilizing near the $75 range where it appears to be well support.

BSV/USD Chart

In the near-term, the pair is facing good support at the bullish trend line seen on the chart below. This support is consistent with the horizontal level at 75 but may be broken in the next few days or weeks. The reason is BSV hasn’t shown any type of bullish pressure so it’s very likely to see a break of said support, en route to 70 and possibly the low at 65.

BSV/USD Chart

Such a move would be a buying opportunity. The token is a match for Bitcoin and Bitcoin Cash, both trading well above the $75 or so we are seeing for BSV. A move up is likely to see BSV touch and surpass the $175 level (where Bitcoin Cash is trading) on its way to retest the all-time highs near $225.

Bitcoin SV (BSV) wallet could double up as authenticating device

In a recent Medium post, Craig Wright, Bitcoin SV’s biggest protagonist and chief scientist at nChain, outlined a new way of using BSV’s wallet: as an authenticating method for smart cards. The application focuses on “the use of electronic cards (“smart cards”) to facilitate secure, feasible, yet user-friendly system authentication through a Bitcoin (SV) wallet.”

According to Wright, the application will comply with AML/KYC rules and could be used to verify identity documents (passports, etc.) and to increase the security of payments and/or file encryption. When or if the application becomes usable, remains to be seen but if they manage to deliver a working version sooner rather than later, Bitcoin SV’s price will most likely be affected.

There is some risk to this token as it still new but we’re talking about cryptocurrency here, risk is the name of the game until the regulation is consistent around the world. When that comes you can expect to see this and most other major cryptocurrencies spike sharply higher.

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Cardano (ADA) Out of Top 10. Bitcoin SV Replaces It

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The two cryptocurrencies have recently switched places, with Bitcoin SV overtaking ADA to “steal” the number 10 spot by market capitalization according to data from CoinM
Cardano (ADA) Out of Top 10. Bitcoin SV Replaces It

The two cryptocurrencies have recently switched places, with Bitcoin SV overtaking ADA to “steal” the number 10 spot by market capitalization according to data from CoinMarketCap. At the time of writing, Bitcoin SV stands at $1.3 billion, while Cardano (ADA) has a market cap of just over $1.1 billion.

Chart Analysis – ADA/USD

ADA/USD chart

After failing to touch the key resistance at $0.060 and reaching a high at $0.056 on January 9, ADA has been on a downslide, finding support at $0.040. It is down more than 10.0% over the last 7 days but up 2.6% in the last 24 hours, according to aggregate data from CoinMarketCap.

The 200 period Exponential Moving Average is flat on the four-hour chart and the RSI is neutral, moving in the middle of the range and showing that control doesn’t clearly belong to either side from a medium-term perspective, although in the short term, the bias is bearish.

If 0.040 is breached, the pair will find support at 0.037 and a break of the latter will open the door for an extended drop into 0.030 – 0.028. First resistance sits at 0.050 – 0.051 and until it is broken, the chances of a strong move up are low.

Support zone: 0.040 – 0.037

Resistance zone: 0.050 (0.051)

Most likely scenario: break of immediate support, move into 0.037; choppy price action

Alternate scenario: recovery and move into 0.050 area

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Ripple News. XRP and Euro Exim Bank – A Match Made in Crypto Heaven?

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Euro Exim Bank has recently joined the long list of Ripple partners and seems very happy about it
Ripple News. XRP and Euro Exim Bank – A Match Made in Crypto Heaven?

Euro Exim Bank has recently joined the long list of Ripple partners and seems very happy about it, hyping up their partnership and saying they are implementing both xCurrent (for payment processing) and xRapid (Ripple’s liquidity solution, using XRP).

Kaushik Punjani, the Director of the aforementioned bank had this to say: “Working collaboratively with Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent and xRapid in record time, and we look forward to the benefits these will bring our customers.”

A few financial institutions are already using xRapid, but Euro Exim Bank is the first one with a banking license to get involved, so we will likely see a bit more movement on XRP charts soon.

Chart Analysis – XRP/USD

Ripple’s XRP is currently trading at 0.33 against the US dollar, down 9.50% for the last 7 days and up a mere 0.31% for the last 24 hours. It still holds the number 2 spot in rankings by market cap, albeit Ethereum is very close behind – both with a market cap of $13 billion at the time of writing.

XRP/USD chart

The pair is trapped between 0.32 support and 0.35 resistance, having bounced perfectly at both levels. Although there’s no clear winner, the bulls seem to have the upper hand in the short term (bullish RSI, coming out of oversold, last strong move is up), so we may expect a break or at least another touch of 0.35. If a successful break occurs, the next target will become the 200 EMA on the 4-hour chart.

Support zone: 0.32

Resistance zone: 0.35

Most likely scenario: a possible bullish break above 0.35, capped by 200 EMA

Alternate scenario: no clear direction, the pair remains trapped between support and resistance

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Ripple Flooded with Good News. Charts Don’t Show It

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Positive developments keep being announced by Ripple, yet somehow, they are not reflected in XRP’s charts.
Ripple Flooded with Good News. Charts Don’t Show It

Positive developments keep being announced by Ripple, yet somehow, they are not reflected in XRP’s charts. The latest announcement is that in a matter of weeks, Euro Exim Bank is set to begin using XRP-based xRapid for cross-border payments. The technology will be fully integrated and the bank plans to use XRP for payments across 80 countries.

Many of Ripple’s other partners are using the technology in some way, but so far none have opted to send international payments by exchanging their local currency in XRP. All in all, this is great news for XRP, but the impact will be best seen once Euro Exim Bank actually starts using it.

Chart Analysis – XRP/USD

Ripple’s XRP currently stands at 2nd place by market cap, behind Bitcoin and ahead of Ethereum, but has lost almost 12% over the last 7 days, trading at 0.326 (Bitfinex) against the US dollar.

image

The pair broke the horizontal channel created between 0.40 and 0.35, and usually when the price exits such a pattern, it continues in the direction of the initial break. This makes us anticipate an extended period of downside price action, possibly headed towards the key support at 0.30. Even if that target is not reached, the bias remains negative as long as XRP is trading below 0.35.

Support zone: 0.30

Resistance zone: 0.35 and the EMAs to some extent

Most likely scenario: continued drop, minor upswings

Alternate scenario: RSI is moving up from oversold, so we may see stronger moves up

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Cryptopia Hacked: What Awaits the Crypto Market?

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Tuesday morning, crypto exchange Cryptopia announced via Twitter that on Monday, Jan.14, it “suffered a security breach which resulted in significant losses”.
Cryptopia Hacked: What Awaits the Crypto Market?

Tuesday morning, crypto exchange Cryptopia announced via Twitter that on Monday, Jan.14, it “suffered a security breach which resulted in significant losses”. This is the first hack of 2019, but it will probably not be the last, considering that in 2018 several exchanges were attacked and the evildoers don’t seem to be slowing down.

Cryptopia also announced that once the attack was identified, the exchange was placed in maintenance mode and the appropriate Government Agencies were notified, including the New Zealand Police and High Tech Crimes Unit. All trading on Cryptopia is currently suspended, but their trading volumes are relatively low, so the impact on the market is relatively insignificant and Bitcoin doesn’t seem affected at all.

Chart Analysis – BTC/USD

BTC/USD chart

Bitcoin is down almost 9% over the last 7 days, but the last 24 hours have shown a 2.52% bounce up, with BTC/USD currently trading at 3,677 according to CoinMarketCap’s aggregate data.

Currently, the pair has found support at 3,500, which is both a psychological level and a technical one. We also have a bullish trend line, which can offer support in the future; however, the short to medium term outlook is bearish, at least as long as the price is trading below the bearish trend line seen on the chart and below the 200-period Exponential Moving Average on the 4-hour chart.

Support zone: 3500 (different exchanges may have different prices but charts look almost identical)

Resistance zone: 200 EMA (4-hour charts) and the bearish trend line

Most likely scenario: potential break of support – the market is choppy with a bearish bias

Alternate scenario: irregular volatility (sharp moves followed by flat price action); no clear breakout

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