Connect with us

Cryptocurrencies

Trade Recommendation: Ethereum Classic

Published

on

New trading opportunity for Ethereum Classic and it’s based on a pennant chart pattern. If the price breaks the resistance line of the pennant, it will be realized as a continuation pattern. We can place pending orders at 14.80 level in order to entry the market on time using a breakout. Stop orders must be placed at 12.80 level. Profit targets are 16.00 and 20.00 levels. The daily chart is bullish. This 4H chart also confirms upward movement. MACD histogram rises and DMI confirms strong uptrend. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: ETCUSD
Buy: 14.80
Stop: 12.80
Profit Targets: 16.00 and 20.00

The trading signal is based on Poloniex chart.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.2 stars on average, based on 44 rated postsDmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.




Feedback or Requests?

Altcoins

Tron Price Gains 36% for the Week – Pushes Back Into Top Ten

Published

on

Today TRX coins have grown 13% over 24 hours, and continue to climb in value even as Bitcoin and Ethereum start to slow their rate of growth.

Tron began the day at $0.038 and then climbed to a peak of $0.0430 just a matter of minutes ago. That move pushed Tron’s market cap to just under $3 billion, and sent TRX back into the top ten in market cap rankings.

Going back to July 13th, just five days ago, TRX was priced at $0.0314, meaning today’s recent high of $0.0430 marks a 36% growth in less than a week.

Return to the Top Ten

Tron had been edged out of its prime market cap top ten location in recent weeks by Tether. Or rather, Tether moved up the market cap rankings owing to Tron’s fall. Today Tron has pushed back into the top ten for the first time in what feels like a long time, but is actually only a few weeks. Time slows down in the crypto world. The rollercoaster that a gold or silver investor went through over the last twenty years is experienced by the average crypto holder in the space of a week.

The surge into the top ten would have been helped in no small part by the 88% boost to Tron’s daily trading volumes over the past week – rising from $152 million, to $287 million at the time of writing.

Good Ol’ Hype

Tron’s market growth over the last week has been accompanied by a definite ramping up of the hype train. A quick Google search for ‘Tron trx’ opens up a first page with one Youtube video declaring Tron to be ‘better than Ripple’, and another proclaiming that Tron is the new Apple.

Such posts are viewed with suspicion by the community at large, but no corporate interference is necessarily required for crypto enthusiasts to engage in free shilling for their favourite altcoins.

Earlier today, Tron creator, Justin Sun, announced his intention to run as a candidate for one of the Tron network’s super-representative positions. Sun announced on Twitter:

“I am excited to run for #TRON Super Representative alongside excellent candidates, in the hands of our community. Voting is a crucial part of the #TRON ecosystem and embodies our mission of decentralization and democracy. Every vote counts!”

In a community that prioritizes decentralization, this move is certain to raise eyebrows. Sun already owns 10% of the total TRX token supply, and his presence within the day-to-day running of the Tron network might reek a little too much of ‘conflict of interest’.

But then, the alternative view is that if the network requires super representatives (essentially node operators) to service and govern the blockchain; who better than the guy who wants it to succeed the most?

Answers to these questions may only come when Tron either flies or fails, until then, enjoy the drama if you can.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.4 stars on average, based on 23 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




Feedback or Requests?

Continue Reading

Altcoins

Stellar Price Up 77% for the Week as Protocol Gains Sharia Compliance

Published

on

The daily volume for the entire crypto market has jumped 144% in the last three days, up from $8.7 billion on July 15th to the current $21 billion at the time of writing. Every coin in the top ten is glowing green, with Stellar in particular showing tremendous growth for the day.

Earlier this morning XLM coins were trading for $0.23. Fast forward just over twenty hours and that price now sits at $0.318 – that’s a 38% increase for the day, and sets Stellar apart as the best performer in the top ten, run close only by Cardano’s 25%+ growth in the same time frame.

Just six days ago, on July 12th, one unit of XLM was valued at $0.179, meaning today’s price marks 77% growth for Stellar in less than a calendar week. Stellar has now smashed through the monthly high, recording its highest market value since May 22nd.

Stellar’s highest concentration of trade movement has come on Binance today, with BTC and USDT being popular trades. The Korean touch is also felt with around 18% of Stellar’s trades coming against KRW on the Upbit and GOPAX exchanges. The overall daily volume for XLM is currently 425% higher than it was this time last week.

Sharia Compliance

According to a Reuters press release which dropped just last night, Stellar has just received a certificate of Sharia compliance, one which will allow them to focus on bringing the 1.6 billion Muslim population onto the blockchain, so to speak.

Muslim adoption of cryptocurrency has always had to contend with religious money laws, but this recent development could be the watershed moment which changes everything – not just for Stellar, but the for the entire crypto market as it spreads across new lands.

Mansoor Ahmed, assistant general manager at Shariya Review Bureau, said that the technological aspects were never a sticking point:

““For the blockchain technology there was no issue, the main thing we needed to consider was the use of the underlying cryptocurrency”

The Islamic approach to finance is one that emphasizes real-world assets, and tangible value. The accumulation of interest, for example, is forbidden in Islamic society, and so it’s easy to see why there were concerns about cryptocurrency to begin with.

Coinbase and IBM

Stellar and Cardano were two of the coins mentioned in the Coinbase tweet earlier in the week, and the spikes they experienced at the time have compounded over the last 24 hours.

Meanwhile, Stellar’s close relationship with IBM continues to flourish this week as IBM launch their own stablecoin on the Stellar platform.

Stronghold USD is intended to be Stellar and IBM’s answer to Tether; although unlike Tether, one would expect much greater transparency from a company like IBM.

Jesse Lund, IBM’s vice president of Global Blockchain told Reuters:

“IBM will explore use cases with business networks that we have developed, as a user of the token. We see this as a way of bringing financial settlement into the transactional business network that we have been building.”

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.4 stars on average, based on 23 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




Feedback or Requests?

Continue Reading

Analysis

Ether Price Has a Good Chance of Rising Further

Published

on

On Wed July 18, Ether is falling, although the previously formed local uptrend still looks quite sustainable. The crypto is trading around $498, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

Today’s morning, Ether rose above $500, which helped to determine the next important resistance levels. The bullish trendline at $480 that was formed yesterday is now confirmed on H1, and in case Ether is able to go above $500 shortly, its chances for going further up will increase.

Once Ether continues rising, it will quickly reach $525, and the current support levels will go above, too. As of now, Ether has some potential to rise till $550, according to D1.

For now, the key support for Ether is at $480, and once the crypto heads up, a new support at $500 will get active. $525 is still key resistance for now. The MACD is going up on D1, still in the negatives, and is issuing a buy signal, while the Stochastic confirms it, being in the positive territory.

ether

Among fundamentals and events that are important for Ether traders, one can mention the addition of Bitcoin and Ether to Purple Group. The company believes its customers will now have more freedom in selecting payment methods for running their transactions.

Another important news item is that the brokers using MT4 began offering cryptocurrency trading (at first, only Bitcoin, but then other cryptos were added). In most cases, the clients can trade CFD’s, although some brokers allow direct cryptocurrency transactions, too. This is a very interesting opportunity, as the investors trust MT4 and consider it a secure platform, so crypto trading added to it will be trusted, too.

With more products added to the platform, both direct crypto trading and CFD’s, more people will come to MT4 in order to try it. This is positive for both Ether and other altcoins.

 

Disclaimer:

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 4 rated postsHaving majored in both Social Psychology and Economics, Dmitry went on to continue his education in post graduate. He then worked as a team lead of a tech and fundamental analysis lab in the Applied System Analysis Research Institute. This helped him to acquire all necessary skills and experience to become a successful trader and analyst, as well as a portfolio manager in an investment company. Dmitry is a pro in the financial field who authors articles for various international media. He also holds the position of Chief Analyst at RoboForex.




Feedback or Requests?

Continue Reading

5 of 15 Seats Available

Learn more here.

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending