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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The EOS is going down and trading around $6.69 on Tuesday. The correction did reach 50%, just as expected, and once the MACD diverged, the price went down on H4. This new downtrend may take the price to the current channel support at 5.70. Still, there was a … Read more
While May was one of the best months for crypto markets this whole year, June is off to a rough start. After trading sideways for three days, all cryptocurrency markets flash crashed earlier today. Most coins are down double digits with Ethereum dropping roughly 10% from a high of $269 to a low of $245. … Read more
On June 1, cryptocurrency enthusiasts were shocked to hear that the peer-to-peer exchange Localbitcoins has ceased offering in-person cash trades. According to a few users, all pending fiat trades have been canceled, leaving local traders who prefer cash high and dry and forced to seek other avenues. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Gathers … Read more
Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two SR2 admins’ sentences … Read more
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The XRP is still under pressure on May 31, trading at around $0.4180. On H4, technically, the crypto is both flat and uptrending. The price is currently testing the ascending channel support, and in case it bounces off, the XRP will be able to reach $0.5800. Conversely, if … Read more
The cryptocurrency community got riled up recently over Craig Wright’s U.S. copyright registration of the Bitcoin whitepaper and some of the code from the early software. However, on May 24 the U.S. Copyright Office saw a Bitcoin whitepaper registration by a man named Wei Liu, bringing another legal challenger to Wright’s claim of ownership over … Read more
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex EOS is correcting slightly on May 28, trading at $7.92. The steady uptrend, however, is still going on. On H4, the price got boosted and broke out the previous channel boundary at 50% Fibo, or $8.52. The MACD, meanwhile, is diverging, which may signal a reversal. Therefore, once … Read more
China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request New Rankings From China The Center for … Read more
At this year’s EXMA conference in Bogota on May 27-28, attendees will find that payment processor Pagos Inteligentes will allow bitcoin cash (BCH) payments at Home Burgers inside the Movistar Arena. The EXMA event is one of the biggest entrepreneurship conferences in Latin America and Pagos Inteligentes alongside its partner Xpay hopes to show EXMA … Read more
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The ETH price is rising again on May 24 after taking a pause for correction. Buterin’s crypto is currently trading at around $247.66. On H4, the Ether is forming a triangle, with the correction having reached 38.20% Fibo. What is going to happen next depends on which triangle … Read more