LTC and EOS – recovery seen but for how long? LTC/USDFrom Mondays low at $42.76 the price of Litecoin has increased by 13.61% measured to its highest point at $48.58 made yesterday. The price is currently being traded at $47.451 as a minor retracement has occurred of around 2.16%. EOS/USDThe price of EOS was sitting at $2.357 at its lowest point on Monday from where we have seen an increase of 15.76% measured to its highest point yesterday at $2.7288. A minor retracement has occurred with the price currently sitting slightly lower than yesterday but is above the previous minor high retesting its resistance for support. Read more: https://www.fxopen.blog/ltc-and-eos-recovery-seen-but-for-how-long/ |
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LTC and EOS – recovery seen but for how long? LTC/USDFrom Mondays low at $42.76 the price of Litecoin has increased by 13.61% measured to its highest point at $48.58 made yesterday. The price is currently being traded at $47.451 as a minor retracement has occurred of around 2.16%. EOS/USDThe price of EOS was sitting at $2.357 at its lowest point on Monday from where we have seen an increase of 15.76% measured to its highest point yesterday at $2.7288. A minor retracement has occurred with the price currently sitting slightly lower than yesterday but is above the previous minor high retesting its resistance for support. Read more: https://www.fxopen.blog/ltc-and-eos-recovery-seen-but-for-how-long/ |
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BTC and XRP – Impulsive move to the upside invalidated BTC/USDFrom yesterday’s open when the price of Bitcoin was $6618, we have seen a recovery of 11.8% today as the price came up to $7405 at its highest point today. Last week we have seen interaction with the 0.786 Fib level and the descending triangle’s support level which was the significant support point but the price broke out to the downside with strong momentum. XRP/USDThe price of Ripple has continued decreasing from the last week’s interaction with the support level at $0.244 and came down to $0.20865 at its lowest point yesterday. From there we have seen an increase of 9.05% as the price came up to $0.22591 at its highest point today. Read more: https://blog.fxopen.com/btc-and-xrp-impulsive-move-to-the-upside-invalidated/ |
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BTC and XRP – Impulsive move to the upside invalidated BTC/USDFrom yesterday’s open when the price of Bitcoin was $6618, we have seen a recovery of 11.8% today as the price came up to $7405 at its highest point today. Last week we have seen interaction with the 0.786 Fib level and the descending triangle’s support level which was the significant support point but the price broke out to the downside with strong momentum. XRP/USDThe price of Ripple has continued decreasing from the last week’s interaction with the support level at $0.244 and came down to $0.20865 at its lowest point yesterday. From there we have seen an increase of 9.05% as the price came up to $0.22591 at its highest point today. Read more: https://blog.fxopen.com/btc-and-xrp-impulsive-move-to-the-upside-invalidated/ |
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LTC and EOS – Breakout momentum still strong, but recovery expected soon LTC/USDFrom Monday’s open when the price of Litecoin was sitting at $56.62, we have seen a decrease of 11.84% as the price fell to $52.561 at its lowest point today around which it is currently being traded. In the last couple of hours, we have seen a decreased of 4.8% with the price still being in a downward trajectory. EOS/USDAt the start of the week, the price of EOS was sitting at $3.425 at its open. From there we have seen a decrease of 13,45% measured to its lowest point today at $2.964 around which it is currently being traded. Read more: https://blog.fxopen.com/ltc-and-eos-breakout-momentum-still-strong-but-recovery-expected-soon/ |
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LTC and EOS – Breakout momentum still strong, but recovery expected soon LTC/USDFrom Monday’s open when the price of Litecoin was sitting at $56.62, we have seen a decrease of 11.84% as the price fell to $52.561 at its lowest point today around which it is currently being traded. In the last couple of hours, we have seen a decreased of 4.8% with the price still being in a downward trajectory. EOS/USDAt the start of the week, the price of EOS was sitting at $3.425 at its open. From there we have seen a decrease of 13,45% measured to its lowest point today at $2.964 around which it is currently being traded. Read more: https://blog.fxopen.com/ltc-and-eos-breakout-momentum-still-strong-but-recovery-expected-soon/ |
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BTC and XRP – Has the correction ended? BTC/USDThe price of Bitcoin has decreased by 5.64% from yesterday’s open at $8568 as it’s currently being traded at $8089. The price is still in a downward trajectory as the downtrend from the 4th of November hasn’t still developed fully. XRP/USDFrom yesterday’s high at $0.266 the price of Ripple decreased by 8.27% as it fell to $0.24407 at its lowest point today around which it is currently being traded. The price fell sharply to the 0.786 Fibonacci level and found support above the ending point of the previous 2nd wave. Read more: https://blog.fxopen.com/btc-and-xrp-has-the-correction-ended/ |
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BTC and XRP – Has the correction ended? BTC/USDThe price of Bitcoin has decreased by 5.64% from yesterday’s open at $8568 as it’s currently being traded at $8089. The price is still in a downward trajectory as the downtrend from the 4th of November hasn’t still developed fully. XRP/USDFrom yesterday’s high at $0.266 the price of Ripple decreased by 8.27% as it fell to $0.24407 at its lowest point today around which it is currently being traded. The price fell sharply to the 0.786 Fibonacci level and found support above the ending point of the previous 2nd wave. Read more: https://blog.fxopen.com/btc-and-xrp-has-the-correction-ended/ |
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LTC and EOS – Breakout seen but increase soon expected LTC/USDFrom Sunday, when the price of Litecoin was sitting at its highest point at $64.84 measured to the lowest point the price has been today which is at $58.572 we have seen a decrease of 9.67%. The price is in a downward trajectory as a breakout has been made from the ascending triangle made from the 26th of October. EOS/USDSimilarly, as in the case of Litecoin, the price of EOS has also formed an ascending triangle after an impulsive increase and after reaching $3.61 on Sunday it started declining. The price decreased by 7.44% from there to the lowest point today at $3.34 around which the price is currently being traded and consequently made a breakout to the downside from the triangle. Read more: https://blog.fxopen.com/ltc-and-eos-breakout-seen-but-increase-soon-expected/ |
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LTC and EOS – Breakout seen but increase soon expected LTC/USDFrom Sunday, when the price of Litecoin was sitting at its highest point at $64.84 measured to the lowest point the price has been today which is at $58.572 we have seen a decrease of 9.67%. The price is in a downward trajectory as a breakout has been made from the ascending triangle made from the 26th of October. EOS/USDSimilarly, as in the case of Litecoin, the price of EOS has also formed an ascending triangle after an impulsive increase and after reaching $3.61 on Sunday it started declining. The price decreased by 7.44% from there to the lowest point today at $3.34 around which the price is currently being traded and consequently made a breakout to the downside from the triangle. Read more: https://blog.fxopen.com/ltc-and-eos-breakout-seen-but-increase-soon-expected/ |
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BTC and XRP – Still in a decline which is most likely a corrective one BTC/USDFrom yesterday’s open at $9095 the price of Bitcoin has depreciated in value by 5.25% as it came to $8617 at its lowest point around which the price is currently being traded today. XRP/USDFrom last Thursday when the price of Ripple reached its high at $0.31222 measured to the current level at $0.2703 we have seen a decrease of 13.58. The price is still in a decline and is getting close to the vicinity of the prior low and the horizontal support level at $0.26617 so we could see interaction with the level before an upturn. Read more: https://blog.fxopen.com/btc-and-xrp-still-in-a-decline/ |
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BTC and XRP – Still in a decline which is most likely a corrective one BTC/USDFrom yesterday’s open at $9095 the price of Bitcoin has depreciated in value by 5.25% as it came to $8617 at its lowest point around which the price is currently being traded today. XRP/USDFrom last Thursday when the price of Ripple reached its high at $0.31222 measured to the current level at $0.2703 we have seen a decrease of 13.58. The price is still in a decline and is getting close to the vicinity of the prior low and the horizontal support level at $0.26617 so we could see interaction with the level before an upturn. Read more: https://blog.fxopen.com/btc-and-xrp-still-in-a-decline/ |
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BTC/USD and XRP/USD moving sideways BTC/USDFrom yesterday’s low at $9160 the price of Bitcoin increased by 3.78% measured to the hourly candle close at its highest point today which is at around $9500. Since last Wednesday when the price came just below the 1 Fib level we have seen the formation of an ascending channel and the price retested its resistance level yesterday with a wick from the upper side of the hourly candle. As resistance has present the price started moving to the downside again and retested its support level finding support there which proved the channels’ relevance once more. XRP/USDThe price of Ripple has increased from yesterday’s low at $0.2903 by 5.55% as it came up to $0.3064 at its highest point today. Currently, the price is being traded slightly below the $0.3 mark but the price is in an upward trajectory overall. Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-moving-sideways/ |
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BTC/USD and XRP/USD moving sideways BTC/USDFrom yesterday’s low at $9160 the price of Bitcoin increased by 3.78% measured to the hourly candle close at its highest point today which is at around $9500. Since last Wednesday when the price came just below the 1 Fib level we have seen the formation of an ascending channel and the price retested its resistance level yesterday with a wick from the upper side of the hourly candle. As resistance has present the price started moving to the downside again and retested its support level finding support there which proved the channels’ relevance once more. XRP/USDThe price of Ripple has increased from yesterday’s low at $0.2903 by 5.55% as it came up to $0.3064 at its highest point today. Currently, the price is being traded slightly below the $0.3 mark but the price is in an upward trajectory overall. Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-moving-sideways/ |
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LTC AND EOS – IMPULSIVENESS SEEN, FURTHER INCREASE EXPECTEDLTC/USDFrom last week when the price of Litecoin has been traded at $48.58 we have seen an increase of 29.53% measured to the highest point the price has been on Saturday which was at $62.93. Since then the price has started moving sideways and formed a symmetrical triangle. EOS/USDFrom last Thursday the price of EOS has increased by 32.51% coming from the $2.663 low to $3.529 high made on Saturday and again retested on Monday. Looking at the hourly chart below you can see that this price movement has been labeled as a five-wave impulse after which the price has been in a minor descending channel. Read more https://blog.fxopen.com/ltc-and-eos-impulsiveness-seen-further-increase-expected/
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LTC AND EOS – IMPULSIVENESS SEEN, FURTHER INCREASE EXPECTEDLTC/USDFrom last week when the price of Litecoin has been traded at $48.58 we have seen an increase of 29.53% measured to the highest point the price has been on Saturday which was at $62.93. Since then the price has started moving sideways and formed a symmetrical triangle. EOS/USDFrom last Thursday the price of EOS has increased by 32.51% coming from the $2.663 low to $3.529 high made on Saturday and again retested on Monday. Looking at the hourly chart below you can see that this price movement has been labeled as a five-wave impulse after which the price has been in a minor descending channel. Read more https://blog.fxopen.com/ltc-and-eos-impulsiveness-seen-further-increase-expected/
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BTC AND XRP – BULLISH PRICE ACTION IS LIKELY TO CONTINUEBTC/USDFrom last week’s low at $7367 the price of Bitcoin increased by 42.44% spiking to $10494 at its highest point on Saturday. Since then we have seen a retracement developing with the price currently being at its median point at around $9500. XRP/USDThe price of Ripple has today interacted with the ascending trendline which served as support but now serves as resistance which is why the interaction ended as a rejection. Read more: https://blog.fxopen.com/btc-and-xrp-bullish-price-action-is-likely-to-continue/
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BTC/USDFrom last week’s low at $7367 the price of Bitcoin increased by 42.44% spiking to $10494 at its highest point on Saturday. Since then we have seen a retracement developing with the price currently being at its median point at around $9500.  On the hourly chart we can see that the price action formed a symmetrical triangle from last weeks high above the 1 Fib level which is the horizontal support level from the first WXY correction made on the 17th of July and below which the price hasn’t declined until the 24th of September when a breakdown with strong momentum occurred leading the price of Bitcoin to $7883 or the 1.272 Fib level. Looking at the wave structure we can see that the previous increase ended as a five-wave move to the upside. As this was an impulsive move the current structure is viewed as a retracement. Since the ending point of the last week’s spike, we have seen a five-wave move to the downside followed by a three-wave increase. This looks like the development of an ABC move to the downside which would mean that another 12345 move should develop. I have already counted a five-wave move of the third wave but I believe that its the one of the lower degree count which means that further lows would be expected. There could be a possibility that the ABC correction ended in which case we will see a breakout to the upside above the triangle’s resistance which can serve as a pivot point. Read more: https://blog.fxopen.com/btc-and-xrp-bullish-price-action-is-likely-to-continue/
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LTC and EOS – Further lows are expected LTC/USDFrom Monday’s high at $55.776 the price of Litecoin has decreased by 15.34% measured to yesterday’s low at $47.218. Since then we have seen a minor recovery with the price currently being traded around $49.419. EOS/USDThe price of EOS has decreased by 11.% from Monday’s high at $3 measured to today’s low at $2.6729 around which it is currently being traded. Looking at the hourly chart below you can see that the price was been decreasing in a five-wave manner from the rejection at the $3.2787 horizontal level and has formed a diagonal which could be the one of a leading kind which would be the first wave off of the higher degree five-wave move to the downside. Read more: https://blog.fxopen.com/ltc-and-eos-further-lows-are-expected/ |
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LTC and EOS – Further lows are expected LTC/USDFrom Monday’s high at $55.776 the price of Litecoin has decreased by 15.34% measured to yesterday’s low at $47.218. Since then we have seen a minor recovery with the price currently being traded around $49.419. EOS/USDThe price of EOS has decreased by 11.% from Monday’s high at $3 measured to today’s low at $2.6729 around which it is currently being traded. Looking at the hourly chart below you can see that the price was been decreasing in a five-wave manner from the rejection at the $3.2787 horizontal level and has formed a diagonal which could be the one of a leading kind which would be the first wave off of the higher degree five-wave move to the downside. Read more: https://blog.fxopen.com/ltc-and-eos-further-lows-are-expected/ |
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