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Cardano (ADA) Stellar (XLM) Price Analysis: Showing Strong Green Signs

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Cardano
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Cardano (ADA) broke through the resistance line at $0.1650 and is currently strengthening itself in the region.

Stellar (XLM) has crossed the $0.2999 resistance line and is strongly going green.

Cardano (ADA/USD)

Price Analysis

  • High: $0.175827 USD
  • Low: $0.155261 USD
  • Major Resistance Level: $0.20
  • Hourly MACD: Placed slightly in the Buy region and progressing.

Chart courtesy of tradingview.com

The ADA/USD pair had already crossed the $0.1550 resistance yesterday against the US dollar. Today, the resistance line at $0.1650 was also crossed by the pair and Cardano (ADA) is currently trading at $0.1693 against the US dollars. (At the time of writing, as of 24th July 2018) Cardano has been showing largely an uptrend now for the past few days and is currently featuring a green candle. The price had fallen largely on 20th July 2018 and had at one point went below the $0.16 level. The moving average (blue line) presently marks at 0.1687 and this indicates that the price action of the ADA/USD pair is most likely to continue to show an uptrend. This is good news for the cryptocurrency world as most of the crypto coins including Cardano had been showing downtrends mostly since early 2018.

Now, it is to be seen whether the cryptocurrency strengthens itself in the $0.17 level and can beak the major resistance level at $0.18 in near future. At the moment the bullish signs are all positive with the technical analysis from Trading View placing the coin in the Buy zone.

Stellar (XLM/USD)

Price Analysis

  • High: $0.3015 USD
  • Low: $0.2810 USD
  • Major Resistance Level: $0.3250
  • Hourly MACD: Placed slightly in the Buy region.

Chart courtesy of tradingview.com

Since 13th July 2018 Stellar Lumens (XLM) had been showing quite a strong uptrend and at the moment too the XLM/USD pair is featuring green candle. In between, on 20th July, the crypto coin had seen a drop from $0.3300 high on 19th to $0.2626 low. However, the next day the buyers took an interest and pushed the price of the coin to a high of nearly $0.2971. At the time of writing, Stellar Lumens is trading at approximately $0.2978 against the US Dollar. (As of 24th July 2018) The moving average (blue line) is presently marking at 0.2810.

Going by the past few days’ price action as shown by the given Trading View chart, and the present moving average, there is a chance of Stellar Lumens breaking the $0.31 major resistance line against the US dollar. The technical analysis from Trading View currently places the XLM/USD pair in the Buy zone. This too shows that the pressure is currently on the buyers and the scenario is more likely to continue unless there is any major negative cryptocurrency news. Other than that, the crypto coin so far today has been going strong.

Both Cardano (ADA) and Stellar Lumens (XLM) are sporting green candles so far today. As observed from the trading charts from Trading View, the price action of the coins are currently showing positive signs.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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