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Undecided: Price Analysis of Bitcoin, Ethereum, Litecoin, Ripple, and NEM

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Undecided: Price Analysis of Bitcoin, Ethereum, Litecoin, Ripple, and NEM

Introduction

This article was posted on Thursday, 22:02, UTC.

Cryptocurrencies had a very quiet day, with Ethereum’s slide and Ripple’s pull-back defining sentiment. Bitcoin recovered after yesterday’s dip, and finished the US session near the $2700 level again. With financial markets definitely in summer mood, short-term traders might be in for more frustrating days and sudden moves in both directions, as trading volumes thin out. Small cap coins also traded mostly sideways, with the lengthy consolidation patterns being intact. Bitcoin BTC/USD, 4-Hour Chart Analysis Bitcoin continues to trade between $2600 and $2750, with no clear short-term direction amid progressively falling trading volumes. BTC failed to follow through on Tuesday’s…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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