Connect with us

Blogs

XRP Ethereum Classic (ETC) Price Analysis: Sweet and Sour Sauce

Published

on

Ethereum Classic

With a steady bearish trend in place characterizing many of the larger market cap coins in the cryptocurrency complex over the past eight days, it is often extremely important to identify pockets of relative strength and relative weakness to gain a tactical edge.

Today, we’re going to look at two coins displaying very different characteristics on their chart: XRP and Ethereum Classic (ETC).

XRP

Price Analysis

  • High: $0.41538
  • Low: $0.40514
  • 24-Hour Volume: $243.86MTechnical Analysis, Charting
  • 7-day Percent Change: -8.11%

Chart courtesy of tradingview.com

We have documented the critical moment coming into place for XRP over the past month. In fact, in our last piece, we noted that the coin carried a strong potential for a major bearish breakdown if the $0.425 level was taken out on the downside.

Support at that level had been steadfast and staunch for some time, but it finally gave way late yesterday.

At this point, XRP is now in a bit of a no man’s land situation from a technical standpoint, with the major bearish ascending triangle now enshrined on the charts as a breakdown (rather than a hold of support).

From a strictly technical perspective, there does not appear to be much in the way of clear support until we get all the way down to the $0.38 level, which represents the highs in XRP from June 2017.

Ethereum Classic (ETC)

Price Analysis

  • High: $20.826
  • Low: $18.3494
  • 24-Hour Volume: $409.21M
  • 7-day Percent Change: 14.28%

Chart courtesy of tradingview.com

By sharp contrast to XRP, Ethereum Classic (ETC) has been a bastion of powerful relative strength over the past week, breaking out above multi-month range resistance to test its 200-day simple moving average at the $20 level over the past 24 hours.

This action has been fueled by a rash of new exchange adoptions as the coin picks up its exposure for new traders, effectively expanding its reach in the crypto community in terms of raw monetary access to new orders.

The action has been relatively striking, with a four-day move of over 45% in total upside. As we noted, Ethereum Classic (ETC) is facing resistance in the form of its 200-day simple moving average, and also has a 14-day RSI on the daily chart sitting right at the precipice of overbought territory coinciding with a severely overbought MACD indicator on the hourly time frame.

In terms of key levels above, the real test for ETC sits above at the $25 level.

Happy Trading~

For the latest cryptocurrency news, join our Telegram!

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

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

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

Published

on

Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release