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XRP Bitcoin Cash (BCH) Price Analysis – The Karate Chop Opportunity




It would appear as though the entire cryptocurrency space is reacting to recent news suggesting another denial by regulators of a Bitcoin ETF.

Unquestionably, this is impactful news, but it should hardly be seen as entirely unexpected, and therefore may be having an effect on crypto charts that represents an opportunity in the making.

So let’s turn to the charts. We’re going to focus here on XRP and Bitcoin Cash (BCH), and attempt to read the tea leaves as we explore this narrative.


Price Analysis:

  • High: $0.45094
  • Low: $0.44740
  • Major Resistance Level: $0.50
  • Hourly MACD: Tightening Lateral Consolidation

Chart courtesy of

We continue to see XRP as locked in a knock-down-drag-out fight with the $0.50 level. But before it’s able to land a punch, it needs to cleanly surmount the $0.48 level, which hasn’t happened in nearly a week.

What we do see in recent action is a series of higher lows perhaps coiling up under that level with the potential for a sharp breakout that could bring the coin back up to test the $0.52 level in short order if the bidding feeds on itself once the level is taken out.

Technical analysts often refer to concepts such as this. It represents chart behavior that shows something of the underlying emotion built into the chart and the population of traders most heavily focused on it.

After all, a chart is nothing but a record of highly important decisions by a crowd of people.

In the case of XRP, there is a tremendous amount of emotion built into this chart, and the move above a key level at this point could unleash that emotion and drive the action in a self-reinforcing feedback loop, making this a potentially powerful setup at present.

Bitcoin Cash (BCH)

Price Analysis:

  • High: $801.80
  • Low: $790.00
  • Major Resistance Level: $875
  • Hourly MACD: Downside Jolt

Chart courtesy of

Bitcoin Cash (BCH) has put together a series of rising low pivot points over the last two weeks that have begun to bunch up underneath the $800 level in a potentially important fashion.

While the very short term candlestick pattern has shown us a slightly bearish lean in BCH, if you step up one time frame, you will find that the trendline defining recent lows over the past several weeks is a far more important indication.

A flat top to a pattern that has shown rising lows underneath it creates a sense of something coming to a head.

If we see BCH get itself back above the $800 level, we could be in for some fireworks.

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


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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