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Brihanna Lincon

Ripple’s Enterprise Blockchain Network Adds a New Bank

What is the future? Cryptocurrencies, gold or fiat currencies? The debate rages on. The traditional investors continue to view digital currencies with an eye of suspicion while the crypto supporters consider it as a tool to free the society from the clutches of the central banks and the governments.

The bulls have held the first support at $736, which is a bullish sign. A break out of $838 is likely to extend the pullback to $934 and thereafter to $1,200.

Therefore, we suggest a long position at $850 with the initial stop at $650. We shall quickly raise the stop loss to breakeven or close the position if the BCH/USD pair struggles to break out of $934. This is an aggressive trade, hence, please keep the position size about 40 percent of usual.

If the digital currency fails to break out to the upside within the next couple of days, it might witness another round of selling. A break below $736 will increase the probability of a retest of the June 29 lows of $657.8.

It’s big, and it is to be regulated very soon. The market participants are much more professional than people think. Institutional investors are interested — we know they are because we get requests.

Brihanna Lincon

Even if the TRX/USD pair breaks out above the 20-day EMA, it might again face selling at the downtrend line and the $0.52 mark. Therefore, we shall wait for a new buy setup to form before recommending any long positions on the pair.

How to check an ICO?

  • The perfect whiteboard interview
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  • Informative Website & explainer Video
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What is the future? Cryptocurrencies, gold or fiat currencies? The debate rages on. The traditional investors continue to view digital currencies with an eye of suspicion while the crypto supporters consider it as a tool to free the society from the clutches of the central banks and the governments.

Therefore, we suggest a long position at $850 with the initial stop at $650. We shall quickly raise the stop loss to breakeven or close the position if the BCH/USD pair struggles to break out of $934. This is an aggressive trade, hence, please keep the position size about 40 percent of usual.

If the digital currency fails to break out to the upside within the next couple of days, it might witness another round of selling. A break below $736 will increase the probability of a retest of the June 29 lows of $657.8.

Even if the TRX/USD pair breaks out above the 20-day EMA, it might again face selling at the downtrend line and the $0.52 mark. Therefore, we shall wait for a new buy setup to form before recommending any long positions on the pair.

If the digital currency fails to break out to the upside within the next couple of days, it might witness another round of selling. A break below $736 will increase the probability of a retest of the June 29 lows of $657.8.

Even if the TRX/USD pair breaks out above the 20-day EMA, it might again face selling at the downtrend line and the $0.52 mark. Therefore, we shall wait for a new buy setup to form before recommending any long positions on the pair.

Comments (3)

  1. People and children of all ages here are encouraged to learn about faith. We have a strong sense of community with parishioners.

  2. People and children of all ages here are encouraged to learn about their own faith. We have a strong sense of community with parishioners.

    1. We have a strong sense of community with parishioners. People and children of all ages here are encouraged to learn about their own faith.

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