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Messages - Rockalo

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Ripple News & Updates / Ripple Slumps to $0.82, Resumes Consolidation above It

« on: June 18, 2021, 07:42:32 PM »

Ripple's (XRP) price has fallen to the support above $0.82. In the first instance, buyers intended to push XRP to the previous highs but were stopped at a lower high of $0.93 on June 14.

Immediately, XRP declined to a $0.82 low. A similar rejection occurred on June 9 at the same price level while the altcoin was making an upward correction.

If XRP has broken above $0.93 resistance in the two previous corrections, the market will rise to retest the resistance at $1.10. Nonetheless, if the bulls overcome the $1.10 resistance, Ripple will resume upside momentum. In the meantime, sellers have the upper hand as the crypto dropped to the previous low at $0.82. XRP/USD is likely to be range-bound between $0.82 and $1.10 if these levels remain unbroken. More information: please click here

Ethereum News & Updates / Ethereum Reaches Bearish Exhaustion, Finds Support above $2,300

« on: June 18, 2021, 07:36:45 PM »

Ethereum (ETH) price has been in a downward move for the past four days. The biggest altcoin has fallen and it is approaching the previous low at $2,300.

The previous low at $2,300 has been holding since June 8. The bears will be retesting the support for the third time. The bulls buy the dips each time the support is retested. For instance, on June 12, the bulls bought the dips as the market rallied to a $2,640 high. More information: please click here

Bitcoin News & Updates / Elon Musk is Responsible for Another Bitcoin Trend Reversal. Is it a Pump-and-Du

« on: June 18, 2021, 07:34:06 PM »

As the month-long skyrocketing of the digital currency market continues, Elon Musk the CEO of Tesla and SpaceX has come out to refute claims that he is a person behind the current bitcoin pump-and-dump scheme in early 2021.

He went ahead to reveal that the e-car company will once again invest in Bitcoin, the world's largest crypto asset, once its mining operations become environmentally friendly by accounting for a fair amount of clean energy use. More information: please click here

Entrepreneurship , Business & Online Work Forum / Garlicoin, the Most Undervalued Altcoin

« on: June 17, 2021, 07:37:29 PM »

The cryptocurrency market is full of undervalued altcoins. That's because most people stick to the top 10 cryptos, and at best, to the top 100.

That translates into an unbalanced cryptocurrency market, where the top cryptocurrencies have billions of dollars locked in their market cap.

Indeed, the risk gets higher as you go down the top; however, the most impressive altcoin growth happens where people don't look; coins that the market doesn't talk about.
More information: please click here

Binance Coin (BNB) / Binance Coin Declines as It Faces Rejection Thrice at the $380 Resistance

« on: June 17, 2021, 07:34:52 PM »

Binance Coin's (BNB) price is trading at $359 at the time of writing. Since June 9, buyers have been struggling to break above the $380 resistance but to no avail. In the first attempt to break above the $380 resistance, the altcoin dropped to $326 low and resumed upward.

In the second attempt, the crypto was resisted as the altcoin continued selling pressure. On the upside, if the bulls have broken the $380 resistance and retested it, the market will rise to retest the $430 resistance. Binance Coin will continue to fall as long as the lower high of $380 remains unbroken. The downtrend may continue to the low of $311. More information: please click here

Bitcoin News & Updates / Bitcoin Battles Resistance at $41,000, Targets $46,000 High

« on: June 17, 2021, 07:23:35 PM »

Bitcoin (BTC) rebounds above the $38,000 support as the crypto retests the $41,000 resistance zone. In the first attempt on June 14, BTC's price rallied to $40,980 high but couldn’t penetrate the resistance zone.

BTC's price was compelled to a sideways move and later fell above $38,000 support. Today, buyers have a second chance to retest and break the resistance zone. More information: please click here

Cardano Forum / Cardano in Range-Bound Move, Unable to Push above $1.80 Overhead Resistance

« on: June 16, 2021, 08:59:36 PM »

Cardano's (ADA) price rebounds above $1.40 support as prices rallied to $1.60 high. The uptrend is confirmed as ADA retested the $1.40 support before the upward move. The bullish momentum broke above the moving averages as the price reached the previous highs.

ADA will continue to rise as long as the price bars are above the moving averages. Presently, the market is retracing and has tested the 21-day SMA. On the upside, if the price breaks above $1.60, the market will rise to retest $1.80 overhead resistance. Unfortunately, buyers are yet to breach the $1.80 resistance since May 19. For the past month, ADA has been in a range-bound move between $1.35 and $1.80. ADA is trading at $1.56 at the time of writing. More information: Please click here

Bitcoin Cash Forum / Bitcoin Cash in Downward Correction, Faces Rejection Twice at $640

« on: June 16, 2021, 08:55:35 PM »

Bitcoin Cash (BCH) has been in an upward correction for the past three days as the price reached the high of $640. BCH is falling as bulls fail to break the previous lower high of $640.

Since May 27, the crypto has been falling as price makes a series of lower highs and lower lows. If buyers breach the $640 resistance, BCH will rally to retest the $760 resistance. The altcoin will be out of downward correction if the $760 high is overcome. More information: please click here

Litecoin News & Updates / Litecoin Reaches Overbought Region as Sellers Emerge

« on: June 16, 2021, 08:53:38 PM »

Litecoin's (LTC) is making positive moves as the price reaches the high of $177. The altcoin is rising to retest the previous high of $200. The crypto had earlier attained the high of $200 immediately it recovered from the previous downtrend.

Today, the current uptrend is making a series of higher highs and higher lows. The current trend retested the $156 support and rebounded above it. LTC price broke through the moving averages, pulled back to retest it before resuming upward. On the upside, Litecoin is likely to face resistance when it rises to the $210 resistance zone. However, if buyers overcome the resistance at $210, a rally to $240 or $280 is expected. Meanwhile, LTC/USD is trading at $177 at the time of writing. More information: please click here

Ripple News & Updates / Ripple Recovers and Finds Support Above $0.80, Poises for Upward Move

« on: June 12, 2021, 09:47:19 AM »

Ripple (XRP) has fallen to $0.86 low as price consolidates above the $0.80 support. For the past week, buyers and sellers appear to reach equilibrium above the current support. The price action is characterized by indecisive small body candlesticks called Doji and Spinning tops.

These candlesticks indicate the indecision between buyers and sellers about the direction of the market. On the upside, the bulls appear to have the upper hand as the price rallied to $1.10 since May 21. More information: please click here

Legality & Taxation of Cryptos / Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan

« on: June 12, 2021, 09:43:01 AM »

In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan (e-CNY). Reportedly, the Winter Olympics (WO) vendors will also allow e-CNY for payments.

Different platforms in the country including Shijingshan, a site for the forthcoming WO, is taking strides in embracing the adoption of e-CNY and has now begun supporting digital payments conducted using the state-owned virtual currency. More information: please click here

Ethereum News & Updates / Ethereum Price Hovers above $2,400 as Sellers Threaten to Short

« on: June 12, 2021, 09:39:48 AM »

Ethereum (ETH) is struggling below the $2,500 and further decline is possible if the bulls fail to resume upside momentum.

Ethereum Price Long-Term Analysis: Bullish
Ethereum bulls were earlier struggling to sustain above the $2,900 since May 20. The bears have been defending the $2,900 resistance relentlessly. If buyers are successful above $2,900, a rally above $3,100 is expected.
More information: please click here

Legality & Taxation of Cryptos / US Gains from Cryptocurrency Market are 3 Times Ahead of China

« on: June 11, 2021, 09:27:03 AM »

The rivalry between the United States of America (USA) and China has a long history. During the previous couple of years, they have been competing in practically every industry including blockchain and cryptocurrency.

While China is making every effort to outperform other countries in releasing central bank digital currency (CBDC), its crypto-asset market has been lagging way behind the USA. More information: please click here

Bitcoin News & Updates / How The Top 4 Social Media Platforms Treat Bitcoin and Cryptocurrency

« on: June 11, 2021, 09:24:06 AM »

Social media can cause digital currency price fluctuations, for better or worse. For instance, the trending news about a big cryptocurrency exchange hack can cause a massive fall in token value. CoinIdol, a world blockchain news outlet, researches how the top 4 social media treat cryptocurrency and blockchain.

Facebook
Currently, Facebook (FB) is the largest social media site in the entire globe. As of 2020, the giant had over 2.6 billion monthly active users. Generally, almost every social media user has an account on Facebook. Several companies, people and brands use this platform to market their products to an immense audience.

When it comes to cryptocurrency, Facebook planned to roll out its own cryptocurrency called Libra in January 2021 but up to now, the target has not yet been achieved. The social media platform had originally planned to roll out the proposed Libra and wallet over the summer of last year. More information: please click here

Bitcoin News & Updates / Bitcoin Rebounds Sharply but Unable to Sustain above $40,000 High

« on: June 11, 2021, 09:21:27 AM »

Bitcoin's (BTC) price retraces after a successful rally to a $37,500 high. Previously, the crypto had earlier fallen to $31,075 support after surviving the recent bearish run.

Bitcoin rebounded above the $32,000 support and rallied to a $37,500 high. However, if the BTC price had rallied above the $39,000 resistance, the bearish market structure would have changed. The bullish momentum would have continued on the upside. More information: please click here