Market Update

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Market Snapshot

  • Bitcoin Liquid Index: $4,023.371 24hr price -0.16% (-6.437)

  • Ethereum Liquid Index: $138.019 24hr price -1.33% (-1.836)

  • Strongest of Top 100: MANA $0.065145 (+25.08%)

  • Weakest of Top 100: WICC $0.279152 (-8.29%)

  • Strongest microcap ($vol>$1M): WAN  $0.426251 (+4.06%)

  • Weakest microcap ($vol>$1M): QASH $0.142449 (-6.02%)

Summary of Prior 24 Hours

  • Blockchain Exchange CEDEX secures $50 Million in Diamonds for ETF Launch

  • Swiss Financial Market Supervisory Authority FINMA rules Envion ICO Unlawful

  • Crypto Startup TokenPay buys Equity Stake in Heidi Klum Lingerie Maker

  • Scam Alert: Obelisk issues Warning of Fraudulent Websites Impersonating Obelisk Ecommerce Site

  • UMA launches US Stock Index Token Backed by Index of 500 Large Exchange-Traded US Stocks

  • Zebpay Launches Lightning Network Payments

  • Ghana Parliament Member Asks Legislature to Probe Cryptocurrency Markets

  • Japan Approves 2 New Crypto Exchanges From Rakuten Wallet and Decurrent

  • New York Department of Financial Services Issues BitLicense to Tagomi Trading




The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Wednesday 27/03/19

  • BTC/USD: Bitcoin stages a modest recovery, up 0.20%

  • ETH/USD: Ethereum desperate to find some stability

  • XRP/USD: Big trouble looms if $0.30 cents breaks

  • LTC/USD:  Technical structure still bullish despite downturn

  • EOS/USD: EOS pushes above $3.70, price structure positive

EOS/USD Technical Analysis: EOS on the verge of another breakout

  • Price closing in on 200 day MA at $3.80

  • MACD showing momentum about to turn positive

  • Moving Averages and Oscillators flashing buy signals

EOS/USD Daily chart

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Our Forecast

 EOS/USD: Despite being rejected above $4.00, trading as high as $4.39 on the 24th of Feb, and the subsequent sell-off that ensued, trading as low as $3.20 on the 4th of March, EOS has remained in a positive ascending trend channel for the entirety of this year with the rising resistance line of the channel towards $5.10 and the rising support line at $3.10. Price has been trading above the 100 Day MA since the 16th of February which is considered a bullish sign, and is currently challenging the 200 Day MA at $3.83.

Should price trade above the 200 Day MA and hold, when combined with a positive MACD and RSI, we believe that EOS will be poised to challenge the $4.00 area and beyond and as such maintain our earlier buy recommendation on EOS (see Market Update 20th March).

Daily Technical Analysis Summary: Buy

Moving Averages:  Buy

Oscillators: Neutral

Support 1:               $3.7100

Support 2:               $3.6850

Resistance 1:               $3.8050

Resistance 2:          $3.9100





The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Monday 25/03/19

  • BTC/USD: Bitcoin bears unable to break downside

  • ETH/USD: Ethereum sandwiched between support and resistance

  • XRP/USD: Ripple bulls hold key daily support for now

  • LTC/USD:  Bears failed to the downside, now it's time for the Bulls

  • EOS/USD: EOS holds $3.60 support, looks set to break higher above $3.70

XRP/USD Technical Analysis: Ripple at risk of swift decline towards $0.2850 support area

  • Ripple trading sideways around key daily ascending supporting trendline

  • MACD showing price structure is vulnerable to further declines with lack of momentum and volatility

  • Failure to hold $0.3150 could see prices move quickly towards $0.2850 support

XRP/USD Daily chart

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Our Forecast

 XRP/USD: Ripple is very close to breaching the critical triangular pattern structure, ascending support line, currently tracking at $0.3150. Given the current moving averages and oscillators are flashing strong sell signals due to a lack of momentum and volatility, a break of this key support area at $0.3150 will result in a quick move towards $0.2850 with a failure to hold there opening up a test of $0.2450. With a confluence of resistance ranging from $0.3180 towards $0.3310, bulls are going to have their work cut out for them to push prices higher, with the bears more likely to take control at current prices and look for a move towards $0.2850. 

Daily Technical Analysis Summary: Strong Sell

Moving Averages:  Strong Sell

Oscillators: Sell

 Support 1:               $0.3080

Support 2:               $0.3000

Resistance 1:                $0.3180

Resistance 2:          $0.3212







The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Friday 22/03/19

  • BTC/USD: Bitcoin nursing losses of over 2%

  • ETH/USD: Ethereum bears retest $137

  • XRP/USD: Ripple bears have forced a move lower, testing vital support

  • LTC/USD:  Despite losses of 3.5%, Litecoin price pattern still positive

  • EOS/USD: EOS rejected at 200 Day MA, tests $3.60 support

BTC/USD Technical Analysis: Bitcoin price back in the control of market bears

  • BTC/USD nursing losses of over 2%

  • BTC/USD bears are testing key daily rising trendline support

  • Failure for price to hold ket support around $4,000 level could open up test of $3,700/$3,800 area

BTC/USD Daily chart

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Our Forecast:

BTC/USD: Bitcoin in the latter part of trading in the session on Thursday, is seen nursing losses of some 2.35%, as the market bears regain control. Cooling has been observed across the crypto market, as Bitcoin struggles to hold the $4000 price mark.

The bears have been pressing and testing the key daily rising trend channel to the downside. A breach is very possible given the current pressure. The noted running support has been in play since 8th February, a breach could see BTC/USD swiftly move towards the next major support zone around $3,700/$3,800.

However Bitcoin is still positive from a daily chart perspective with both Moving Averages and oscillators both  positive, so we would recommend a cautious wait and see approach to the current weakness as BTC/USD, looking for confirmation in future price direction from the weekly close

Daily Technical Analysis Summary: Buy

Moving Averages:  Buy

Oscillators: Buy

Support 1:               $4,000

Support 2:               $3,901

Resistance 1:               $4,090

Resistance 2:          $4,150





The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Wednesday 20/03/19

  • BTC/USD: Bitcoin trading in minor positive territory above $4,000

  • ETH/USD: Ethereum bulls contained by range $130-$144 for now

  • XRP/USD: Price action positive but still lacking momentum below $33 cents

  • LTC/USD:  Litecoin profit taking above $60, holds support at $58, outlook positive

  • EOS/USD: EOS approaching 200 day MA at $3.91, price action constructive for further gains

EOS/USD Technical Analysis: Price action constructive for a move towards $5.00

  • EOS/USD approaching 200 day MA at $3.91 with a close above signalling a move towards $5.00

  • Price action confined to rising trend channel with resistance seen towards $4.85 and support at $3.00

  • MACD positive and shows signs of a potential break higher in momentum

EOS/USD Daily chart

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Our Forecast

EOS/USD: On the daily chart, price action has continued to trade within the parameters of an upward sloping trend channel, with resistance seen towards $4.85 and rising support seen towards $3.00. Daily technical indicators are flashing strong buy signals from both the moving averages and oscillators, signalling a potential break higher is coming very soon. With the potential break of the 200 day MA at $3.91 providing a catalyst to watch out for. We recommend buying at current market $3.8050 with a stop loss at $2.95 at a take profit at $5.45. 

Daily Technical Analysis Summary: Strong Buy

Moving Averages: Strong Buy

Oscillators: Buy

Support 1:               $3.75

Support 2:               $3.73

Resistance 1:               $3.82

Resistance 2:          $3.90


The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Monday 18/03/19

  • BTC/USD: Bitcoin finally breaks $4,000 resistance

  • ETH/USD: Ethereum bulls take control, price back above $140

  • XRP/USD: Bulls take advantage as XRP crawls towards $0.32 cents

  • LTC/USD:  Litecoin jumps 10% as relentless bulls continue rally

  • EOS/USD: EOS back above $3.80, bears lose control

XRP/USD Technical Analysis: Positive price action on low volumes, is the market losing interest in Ripple?

  • XRP/USD 24 hour volumes on the decline, consistently lowest turnover in top 5 assets by market cap

  • Daily price action has crept above long running downward trending resistance l

  • MACD shows the price action has very low volatility and momentum

XRP/USD Daily chart:

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Our Forecast:

XRP/USD: On the daily chart, price action has crept above a long running downward trendline with short term resistance seen toward $0.3250 which the bulls need to breach to generate some upside momentum. The daily MACD is showing that the market has very low volatility and momentum and when combined with the fact that average daily volume has been averaging close to 500 million, which is some 1 billion below XRP’s nearest peers in the top 5 market cap raises the question is the market losing interest in Ripple or is there a large overhang of bag holders from higher levels which is preventing this asset from moving higher? Either way time will tell, perhaps a move above $0.35 cents is need to encourage fresh buyers into XRP and generate some momentum.

Daily Technical Analysis Summary: Buy

Moving Averages: Buy

Oscillators: Sell

Support 1:               $0.3275

Support 2:               $0.3250

Resistance 1:             $0.3170

Resistance 2:          $0.3130




The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Friday 15/03/19

  • BTC/USD: Bitcoin wedged between $3,800 and $4,000

  • ETH/USD: Ethereum bulls and bears evenly matched

  • XRP/USD: Technical opportunity for the bulls, can they take advantage

  • LTC/USD:  Litecoin subject to a potential breakout higher

  • EOS/USD: EOS bears unable to take out $3.50 level, price bounces back above $3.60


LTC/USD Technical Analysis: Remains subject to a potential breakout higher

  • Litecoin price trading modestly higher with gains of 0.5% on Friday.

  • Daily price action has formed a bullish flag  pattern, subject to a potential breakout higher


LTC/USD Daily chart:

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Our Forecast:

LTC/USD: On the daily chart, price action is still moving within the confinements of a bullish flag pattern. Whilst we acknowledge that  these flag patterns are typically continuation patterns, in this particular case given the fact that LTC/USD has traded as low as $22 this year and is consistently trading over $1.5 billion in daily volume, we believe that this flag pattern represents a downtrend reversal and are trading from this viewpoint. As such we recommend looking to buy at current market, $55.50, with profits placed at $73.50 and a s/l placed at $44.80.

 Daily Technical Analysis Summary: Strong Buy

Moving Averages: Buy

Oscillators: Neutral 

Support 1:               $54.80

Support 2:               $53.80

Resistance 1:               $57.05

Resistance 2:          $58.30




The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Market Update

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Insights for the Asian Crypto trading session Wednesday 13/03/19

  • BTC/USD: Critical support at $3,800 holds again

  • ETH/USD: Ethereum remains contained within $125-$145 channel

  • XRP/USD: Price action at risk of a breakdown below $0.31 cents

  • LTC/USD:  Bulls must break through $60 supply area to continue rally

  • EOS/USD: EOS bears take charge, at risk of further declines towards $3.30

XLM/USD Technical Analysis: Stellar back above $0.10 cents amid growing bullish momentum

  • Stellar stays in the green as market continues sideways trading

  • Market cap at 6 week high, rises toward $2 billion

  • Bullish price rise attributed to news that a German media firm is buying stakes in SatoshiPay.

XLM/USD 4 Hour chart

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Our Forecast:

Our Forecast:

XLM/USD: Stellar is among the few coins that are in the green at the time of writing trading at $0.10849 cents. Over the past week, XLM/USD has crossed back above the $0.10 cent area and formed a high towards $0.1118. The trendline channel resistance turned support that has up until recently contained the price action is around $0.1065 and bulls will need to keep the price action above this area or risk price moving back to test the physiological important $0.10 cent level. Momentum is bullish and as such we recommend buying XLM at $0.105 cents with a take profit target at $0.155 cents and a stop loss at $0.0775 cents.

4 hour Technical Analysis Summary: Strong Buy

Moving Averages: Strong Buy

Oscillators: Buy 

Support 1:               $0.1062

Support 2:               $0.1050

Resistance 1:               $0.1100

Resistance 2:         $0.1120




The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.