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Stellar (XLM) Cardano (ADA) Price Analysis: Timing is Everything

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Stellar
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As we have noted in the past, trend direction is rarely if ever actually changed by new headlines in the news. This doesn’t mean it can’t be interrupted by headlines – in fact, it often is. However, the larger direction in the market is almost never infected and altered to become a different direction by new headlines emerging in the media.

That is why we pay so much attention to the charts.

The clues often show up there first. Today we are going to be taking a close look at Stellar (XLM) and Cardano (ADA) with just such a process in mind.

Stellar (XLM)

Price Analysis

  • High: $0.3254
  • Low: $0.2661
  • Major Resistance Level: $0.32
  • Hourly MACD: Oversold Bull Signal

Chart courtesy of tradingview.com

As one of the leaders during this complex-wide bounce, Stellar (XLM) continues to show both stunning volatility and strong support.

For those looking to buy into a dip, we suggested in a recent piece that you look for a break down underneath the $0.28-$0.30 level as a signal for a possible buyable dip. For those with that game plan, we have seen such a dip over the past 24 hours.

At the same time, as noted above, we see an oversold bull signal in the MACD to reinforce the idea that this is a pullback of interest in Stellar (XLM).

For those looking to give it more time and space to come in a bit further, we have perfect confluence right now between the 50-day and 200-day simple moving averages, which are both rising in pitch, and may well end up meeting price on a pullback right at the $0.25 level. This would also correspond with matching support from the lows recorded on July 21.

That could be set up as an impeccable tactical pullback setup in Stellar (XLM) for those with the patience to take advantage.

Cardano (ADA)

Price Analysis

  • High: $0.16658
  • Low: $0.14367
  • Major Resistance Level: $0.20
  • Hourly MACD: Oversold Bull Potential

Chart courtesy of tradingview.com

The action right now in Cardano (ADA) is very interesting. First off, we have a coin that outperformed during the mid-July leg of the cryptocurrency complex strength, rising over 50% in just a few days.

Secondly, we set the stage with a sideways range that narrowed to a head over the course of about 10 days and then began to break lower early this week. Now that breakdown is triggering an oversold reading on the MACD indicator in perfect confluence with a test of support at the 50-day simple moving average.

However, the question is this: have we seen enough of a pullback given the duration in the tightness of the sideways triangle consolidation constructed over the past 10 days?

In this case, there are no perfect answers to that question, and time will have to tell.

However, we can say that the $0.15 level is an awfully important technical level for this coin right now. Bulls in Cardano (ADA) certainly don’t want to see this level taken out too sharply or it could be an awfully difficult thesis to stay with.

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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