Unified Exchange (UXT Token) Review: Safe Cryptocurrency Trading Platform?

Unified-Exchange

The Unified Exchange aims to bring a new solution through direct integration of a social platform into the trading experience.

The social platform has unique features that set it apart from other exchanges, including the add-on/overlay function that enables it to integrate with other exchanges and increase its social exposure.

The initial set of features will immediately draw traders to the Unified Exchange and UXT (the base currency on the platform) will benefit the exchange by creating the most cost-effective trading experience. The Unified Exchange will offer several more unique benefits that are currently rare in the crypto space.

  • The exchange comes with a ranking system that will cause the most skilled and helpful traders to stand out in the crowd.
  • Traders will increase their trading power and social reach by sharing real-time trades with their followers.
  • A reward system will motivate highly ranked traders to allow them to accumulate UXT.
  • Advanced traders will also have the opportunity to sell or give away subscriptions services for advanced trades and expert chart analytics.
  • Group and private charts will be based on rank to reduce spam or coin shilling.

Platform Features

Integrated social system: Social platforms are the way of the future that will enable traders to take their experience to the next level. Traders can increase their trading power and reach by sharing real-time trades with their followers.

24/7 Support Staff: Exchange support is one of the platform’s priorities. They can have the ability to submit tickets or talk to a live support agent anytime.

Third party modules: Traders can custom applications to increase their trading reach and power. Developers can improve the way they and others trade.

Hard Fork support: when it comes to Hard forks, the platform is there for its customers. They will support every fork offered and allow them to withdraw their coins without issues.

Social Features

The Unified Exchange platform combines social aspects in trading and information sharing by using the Unified Exchange Token (UXT). Apart from being a centralized token that offers all the benefits it entails, the Unified Exchange Platform also delivers the following features:

Social Media Alignment

The platform is dedicated to aligning users of social media and cryptocurrencies under one roof. This leads to the much-needed platform for seamless interaction between crypto traders and those using mainstream social media channels such as Facebook, Twitter, Bitcointalk, Telegram, and others.

Skilled Trader Subscription

Unified Exchange gives traders the opportunity to gain subscribers and sell subscription services for advanced trades and expert chart analytics or give them away free.

User-friendliness

The platform seeks to incorporate a 24/7 support system to utilize ambassadors to assist users in various languages.

Cross-exchange Social System

With a browser add-on system, users will have an overlay to existing trading websites. Various functions in the add-on, with the user’s permission, will gather information used on other trading websites, including chats, notifications, alerts, and customized alerts chosen by the user.

Operations: this includes hiring new staff, leasing high-end office space, and others.

Security: this is the number one priority that requires a dedicated team of experts to make the Exchange airtight including ongoing security audits.

Marketing: the platform will need to get the word out and to many people. Therefore, it’s budgeting 20% to cover long-term marketing.

Legal: Establishing the Unified Exchange and developing future partnerships will require an extensive amount of legal support.

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Author: Bitcoin Exchange Guide News Team

TRCE Exchange Review: The Real Cryptocurrency Trading Platform?

TRCE Exchange

The Real Cryptocurrency Exchange (TRCE) is a digital platform that originated from Seychelles, with its headquarters in Buenos Aires in Argentina. The company plans to launch new offices in the UK and Singapore in 2020 and 2021 respectively.

TRCE aims to narrow down the access gap that exists in the cryptocurrency market worldwide. It plans to achieve this by focusing on emerging markets.

Contrary to what happens in most exchanges where users have limited fiat options, TRCE seeks to initiate a highly flexible fiat onramp for all users worldwide. By doing so, users will be able to conduct seamless fiat-to-crypto transactions in their local currencies and provide easy access as well as mainstream adoption.

Supported Currencies

TRCE targets fiat currencies in the emerging markets including:

  • Argentine Peso
  • Brazilian Real
  • Peruvian Sol
  • Colombian Peso
  • Turkish Lira
  • Venezuelan Bolivar
  • Mexican Peso
  • Polish Zloty
  • Russian Ruble
  • Ukrainian Hyrvnia
  • Vietnamese Dong
  • Indonesian Rupiah
  • Nigerian Naira
  • South African Rand
  • USD
  • Euro

Judging by the selected currencies, TRCE will be dealing with 16 currencies in its first year of operation. By 2020, the company plans to reach out to Korea, UK, Czech Republic, Malaysia, Kenya, Thailand, and Ghana.

TRCE aims to bring crypto trading to emerging markets on a broader scale, which is the reason for accepting fiat in the selected currencies. The company has an experienced team of experts that support its operations in the selected geographic regions. This gives it a greater advantage over other exchanges that only deal in a few foreign currencies.

Top-notch Customer Service

TRCE aims to initiate premium quality service that all users will enjoy. It seeks to achieve this by implementing all-time customer service and a reorganized approach to KYC onboarding.

Importantly, TRCE aims to enhance its user experience by empowering its user base and the overall cryptocurrency community. This will be made possible through the organizational events that will guide users and create consistent educational content. The platform is currently generating USD$5 million on its seed-funding round. Tech will launch in the fourth quarter of 2019.

Platform Features

Worldwide: its vast relationship with leading local banks will open opportunities in many countries worldwide.

Simple: combined with great customer service, TRCE will have improved user interface and funding options. This will help make cryptocurrency trade execution a seamless experience.

Accessible: a global presence and fiat on-ramp solutions will advance crypto adoption and liquidity worldwide.

Innovative: with an emphasis on fulfilling the global access gap, TRCE is committed to creating a positive social impact with digital assets to help eliminate barrier to entry.

Additionally, TRCE comes with real-time streaming of market data with TradingView integration. Users can buy Bitcoin, Ethereum, and Bitcoin Cash fiat currency. The platform simplifies the cryptocurrency trading process through advanced trading functions that limit risks and increase execution speed. It provides users with a wide range of options to buy or sell various cryptocurrencies of their choice with many to be included soon.

Mobile App

TRCE is at your fingertips. You can buy, sell, deposit, or withdraw crypto and fiat currencies from your mobile device at any time. Get it on Google Play or download it on the App Store.

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Author: Bitcoin Exchange Guide News Team

dClinic ICO (VIC Token) Review: Blockchain Healthcare Vitality Coin

DClinic

dClinic is the world’s first blockchain-based platform that seeks to a holistic healthcare for consumers worldwide and drive positive healthcare outcomes by utilizing the blockchain technology and combining real-world property assets such as clinics and hospital with a transformative digital healthcare platform.

The platform seeks to address the shortcomings of the present healthcare system, based on extensive market studies and research.

The current healthcare systems use a narrow approach when it comes to patients’ healthcare journey and the possible outcomes. The systems often place the healthcare provider at the center of the patient’s care and often limit the patient’s interaction to just a single provider.

Expanding Patient Interaction

The patient’s data is often restricted to a hospital’s registry or a clinical system such as General Practice system, Electronic Medical Record (EMR), or the Patient Registration System (PAS). Unfortunately, only a few people can access such information points.

This system restricts patients’ data, as other relevant healthcare providers cannot provide any input that may improve the healthcare outcome. Therefore, the current healthcare systems hinder the contributions from other relevant agencies such as wellness and vitality service providers, which could lead to a positive healthcare outcome.

Introducing the Blockchain Technology

dClinic embraces a fresh solution that operates on the blockchain technology to enable collaborative efforts that revolve around the patient. The new system integrates various healthcare providers, families, and friends for contributions that could facilitate recovery.

The technology will provide secure storage, retrieval, updating, and exchange of health information among various relevant health entities. This will create a holistic healthcare approach that expedites patient recovery.

dClinic aims to revolutionize the delivery of healthcare to patients in emerging markets through the provision of positive healthcare outcomes at a reduced cost. To realize this vision, the platform has initiated its own facilities, as well as a technology platform in various geo-locations.

It also collaborates with local expert healthcare providers to deliver healthcare services to everyone.

Some of the partners in the approach include Vitality Life Management (VLM), an Indonesia-based company that will purchase, build, or retrofit some hospitals and clinics in Indonesia, powering them with the blockchain healthcare platform. dClinic also engages other healthcare facilities and hospitals in other countries for the same purpose.

New Partnerships

dClinic has secured some new major partnerships including the government and investors in Singapore, Indonesia, India, and the U.S. Besides, it has started buying properties to establish dClinic Wellness and Vitality centers.

Importantly, the dClinic project has achieved its softcap target and will soon list on at least two mainstream exchanges. The platform will be allocating to airdrop and bounty recipients as soon as it gets listed on the exchanges. The Vitality Coin (VIC) will be listed at USD$0.10/VIC.

The dClinic team has many years of experience in the healthcare sector and it’s clear from their numerous worldwide implementations that the patient should be at the center of the care.

The project will focus on making the Shared Care Plan the main consumer and providing a clinician portal that will be used to access consumers’ clinical and non-clinical data. The platform will considerably assist the healthcare sector by giving the Care Team accurate and real-time information that holistically relates to the patient, thereby driving better healthcare outcomes.

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Author: Bitcoin Exchange Guide News Team

DAPS Project Review: Decentralized Anonymous Blockchain Payment System

DAPS-Project

DAPS is a planned privacy blockchain that focuses on security, scalability, and absolute privacy. The main objective of the DAPS protocol is to create a fully anonymous staking coin and payments system that embrace a trustless governance structure that operates on the latest technologies drawn from Monero and PIVX.

This is a first in cryptocurrencies, with chain verification and consensus models based on PoS nodes and PoA miners.

The platform aims to achieve the objective by carefully selecting certain tested protocols and utilizing the features to create a private blockchain network. DAPS aims to offer the most complete anonymity package in any protocol with an on-chain solution to the “Trust Problem.” It seeks to initiate the Proof-of-Audit as the keystone to its protocol, to solve the “Trust Problem.”

DAPS Protocol Development

Bitcoin and Libzerocoin: Libzerocoin is a privacy-focused development fork of Bitcoin. The coin was later used as the base for Zero Cash (now Z-Cash) and the Zero Coin protocol.

DASH and Masternodes: DASH, which operated on Bitcoin, created the “Masternodes” protocol. These “Higher” nodes were an innovation that allowed several on-chain privacy features to be implemented on the Bitcoin protocol.

Node Privacy—Partial Obfuscation: coins like Monero expanded on the privacy ideas and created a full suite of privacy features that included RingCT.

Another equally innovative project, Spectrecoin, integrated mandatory Tor relays for nodes backed up by OBFS4 obfuscation. The measures were never used completely since a fully private chain has no way to verify supply in a Trustless manner.

The DAPS Protocol—Total Obfuscation

DAPS aims to continue the legacy of innovation by integrating the previous successful, stress-tested privacy methods. To succeed in this mission, it needs masternodes, full obfuscation, and Trustless governance. Many projects have stopped short of full obfuscation due to the Trust issue, which DAPS project seeks to address.

The path of future privacy is in their Proof-of-Audit feature combined with complete obfuscation. This allows absolutely private blockchains and maintains a standard of Trustless decentralized governance, pioneered by Bitcoin.

How will DAPS Achieve This?

In order to prevent double spending and other exploitations from being untrackable, Bitcoin is a fully public chain. DAPS seeks to initiate a fully-private blockchain that will address the double-spend problem.

Importantly, it will implement the world’s Trustless Masternode-powered, fully-private blockchain.

Why DAPS?

In traditional blockchains and various anonymity chains, the users are exposed to analytics and malicious attack vectors.

Many around the world use the exposed data to exploit cryptocurrency users. DAPS aims to preserve every person’s right to control their finances as they choose. This is possible by merging successful and tested privacy protocols in a bid to create the most private blockchain to date.

What Makes DAPS Different?

The Proof-of-Audit idea and DAPS Protocol implementation, known as HARPOCRATES Protocol, will be the new industry standard. The platform will utilize the following key technologies:

  • RingCT
  • Bulletproof
  • Stealth addresses
  • Stealth transactions
  • Proof-of-Audit

DAPS aims to achieve complete obfuscation for all users and transactions. The mix of features, which they call “The Harpocrates Protocol,” creates a completely trustless and anonymous blockchain network.

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Author: Bitcoin Exchange Guide News Team

Defunct Mt Gox CEO Karpeles Launches Tristan Technologies to Create a Blockchain-Based OS

Defunct Mt Gox CEO Karpeles Launches Tristan Technologies to Create a Blockchain-Based OS

Mark Karpeles, the former CEO of the former largest Bitcoin exchange in the world, Mt Gox, has affirmed that now he has decided to “start from zero with a new company and a project that will be based on the blockchain technology. Karpeles will be the new Chief Technology Officer (CTO) of the company, which is registered as Tristan Technologies Co.

He just recently escaped from the case in which he was accused of being involved with the fall of Mt Gox, so he seems ready to start fresh now. Now, as reported by The Mainichi, Karpeles was in Japan when he affirmed that this new startup will have a very ambitious goal: to create a new secure operating system using the blockchain technology.

The idea is really very bold. This new blockchain-based system would be more secure and faster than the OSs we already use.

During the announcement, he said that he acknowledges that his reputation in the country may be somewhat tarnished, so he hopes to create some work which will be very important for Japan to take back its place as a tech leader, something which has been lost to the United States in the last two decades with companies like Apple, Facebook, and Amazon.

He said that Japan used to be one of the major countries before when it came to computers. However, the days have changed and today the U. S. dominates cloud technology, for instance, as well as the internet as a whole. He did affirm that he believed in Japan’s potential, though, so he was ready to fight in order to improve the country.

Karpeles also affirmed that the blockchain could change the world by creating cashless payments and cloud solutions, as well as smart contracts, which could improve our lives significantly.

During the announcement, he also talked about cryptos. He deems them as “highly risky” and said that he does not hold any crypto and also that he’s not really rich today, despite having an early career in crypto.

Karpeles Is Surrounded By Controversies

Despite the announcement and all the positivity surrounding it, Karpeles is far from a very beloved figure in the crypto space.

He is often associated with incompetence during his time as the CEO of Mt Gox, the crypto exchange which was hacked in the first half of the decade and had to shut down after 850,000 BTC were stolen from the company. At the time, Bitcoin was not really so valuable, so the 850,000 BTC was worth “only” $450 million USD.

Also, he was only recently cleared of charges of embezzlement and breach of trust because of the company. He was found guilty of manipulating the data from the exchange, though, for which he should be in prison for two and a half years, a sentence that was recently suspended for four years. He is going to appeal the conviction, though, but he’s going to jail if he doesn’t win.

Back in March, he affirmed that he was innocent of all charges and that he will prove it in court. So far, he has not been able of doing it.

Would You Trust Karpeles?

The main question now is: should we trust this man? The blockchain technology is only as trustworthy as the communities building it. If you create several backdoors or have malicious intent, the technology will not be safe at all. So, should we put our trust in a man that is convicted of fooling investors by adultering data?

Many Mt Gox victims are still struggling to get their money back, so it is hard to simply put our trust in this man again, which was described by The Mainichi as a genius who has come

“clean”.

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Author: Gabriel M

Italian Securities Enforcer Suspends Tessline Investment Firm’s Liracoin Cryptocurrency

Italian Securities Enforcer Suspends Tessline Investment Firm's Liracoin Cryptocurrency
  • Italy’s lead securities regulator suspends activities of Tessline and its cryptocurrency Liracoin.
  • The 90-day suspension involves entities affiliated to Tessline and the Liracoin

A crypto investment platform Tessline has been issued a suspension notice by Italian national securities regulator La Commissione Nazionale per le Società e la Borsa (CONSOB). The suspension also takes effect on the firm’s cryptocurrency Liracoin.

The suspension came due to a violation of Article 18 of Italy’s Consolidated Law of Finance by Tessline and Liracoin affiliates including websites and some entities. The article spells out statutory requirements for entities interested in providing financial services in Italy.

The entities involved are PayPeq Holdings OÜ, Takeda Partners LTD and BancDeMonarch Limited and Lancelot Equity Ltd. The regulator also suspended the public offering of Liracoin by Liracoin-DAMO through two websites, https://liracoin.club/, www.liracoin.com  and www.licex.io.

The notice also suspended the public offering of any investment platforms by the company Tessline Limited, all for a period of 90 days.

Apart from this, CONSOB has issued similar suspension notices to some other projects in the past for unapproved public offerings or fraudulent crypto investment schemes as well as unlicensed crypto exchanges in collaboration with Financial Services Authority in Malta.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Ponvang Bulus

WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – June 5

Wanchain Officially Provides Integration Support for MakerDAO's Dai Stablecoin
  • The short and medium-term outlook is in a bearish trend.
  • Responsible selling at key areas recommended.

WAN/USD Medium-term Trend: Bearish

Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.3000, $0.2000, $0.1000

WANUSD is in the downtrend in the medium-term outlook. The bears’ pressure on price remained strong in the medium-term. $0.4095 was the low of yesterday session as the cryptocurrency show a bearish pennant formation.

Today’s 4-hour opening candle at $0.4331 was bullish, the cryptocurrency was up at $0.4579 in the supply area and lost momentum due to the bearish doji formation.

$0.4204 at the lower line of the pennant saw the bears lost the control of the market to allow for a correction before the imminent drop in the medium-term as confirmed by the signal of the stochastic oscillator pointing down at 35%.

$0.3800 in the demand area is the bears’ initial target as price breaks out from the lower triangle.

WAN/USD Short-term Trend: Bearish

The short-term outlook of the cryptocurrency is a downtrend. The 1-hour opening candle at $0.4224 sustained the brief bullish momentum. WANUSD rose to $0.4569 at the trendline.

The presence of wicks at this area denotes exhaustion of bullish momentum and resistance against upward price movement and subsequently the bears’ return.

With price down at $0.4333, below the two EMAs and the stochastic oscillator signal pointing down at 41%, these imply a downward movement in price of the cryptocurrency with $0.4100 as the initial target.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

WAVES Price Prediction Today: Daily (WAVES) Value Forecast – June 5

Waves-is-Looking-to-Raise-a-Whopping-USD-120-Million-Via-its-Private-Funding-Round
  • WAVES/USD trade has been moving in a consolidation manner to the south.
  • Placing or joining the WAVES/USD market now seems to call for an indecision trading psyche.

WAVES/USD Medium-term Trend: Bearish

  • Distribution territories: $2.80, $3, $3.20
  • Accumulation territories: $2, $1.80, $1.60

Waves price valuation hasn’t been able to come out of the slight selling pressure been exerted on it by the US dollar. As at now, the market movements to the south have been slowing down around the Bollinger Lower Band’s trend-line.

The 50-day SMA is located over the Bollinger Middle Band with a small space between them. The Stochastic Oscillators are now consolidating around range 20 to indicate that the downward market movement seems not to have been exhausted fully.

The cryptocurrency may soon begin a pull-up moving style to find a price point around the Bollinger Middle Band and the 50-day SMA that could suit the bears’ entry once again.

WAVES/USD Short-term Trend: Ranging


In the short-term run of the WAVES/USD market, price line has been dominated by a different number of lower lows than lower highs. The reason for that is justifiable by the fact that most of the crypto’s trading operations have been carried out below the trend-line of the 50-day SMA indicator.

The Bollinger Bands are as well flatly trending toward the east direction. The Stochastic Oscillators now attempting to crosshairs at range 40.

The market may continue to rise and fall in a range moving manner as long as the 50-day SMA is located over the market trading area. However, a break out of the SMA indicator could be an important notification that the bears would be losing out in energy in near time.

Waves:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

Bitcoin Is Corrupted Because It Was Created By Man, Yet Gold Was Created By God

Bitcoin Is Corrupted Because It Was Created By Man, Yet Gold Was Created By God
  • Analyst Chris Mancini believes Bitcoin is corrupted since it was not created by God
  • Bitcoin was created by humans, that were also created by God

There are different analysts that have given their point of view about different virtual currencies, including Bitcoin (BTC). This time, Chris Mancini, an analyst at Gabelli Gold Funds, commented that the flagship cryptocurrency was corrupted because it was created by humans, unlike gold, which was created by God, a divine entity. Bitcoin has also been attacked as associations have been made between the pseudonymous cryptocurrency and its use in financing illicit activities.

Bitcoin Is Corrupted Because It Was Created By Man

In general, Bitcoin is associated with digital gold because it shares several of the properties of the precious metal, including scarcity. Nonetheless, the analyst Chris Mancini believes that Bitcoin is corrupted because it was created by man. During an interview with Kitco News, he said that Bitcoin is a store of value because it cannot be replicated in its current form.

He said that central banks around the world were not going to purchase the digital asset and that they prefer to buy gold. China and Russia are currently making large purchases of gold rather than Bitcoin. Another thing he mentioned is related to hard forks such as Bitcoin Cash (BCH) or Bitcoin Gold (BTG).

About it, he mentioned:

“The concept of coming in and buying a gold coin down the street, putting it in my socks and having another gold coin one day, that’s crazy. So, that just can’t happen. But, with Bitcoin, you can. You can have another piece of Bitcoin, created off of Bitcoin”

He then stated that Bitcoin has been corrupted because it is a creation of man and gold cannot be corrupted because it is a creation of God. According to Mancini, Bitcoin is a means of payment rather than a store of value.

Although he criticized Bitcoin, he praised blockchain technology. He claims that there are many users purchasing other precious metals using distributed ledger technology (DLT). After the comments that Mancini gave about Bitcoin, users on social media commented about it saying that humans were also created by God.

It is clear that Mr. Mancini is defending the interests of its company related to gold rather than Bitcoin. Indeed, he said that Bitcoin is not a store of value, but instead a means of payment. Although Bitcoin can be used to perform transactions, other analysts agree that its main feature is being a store of value.

Bitcoin’s price is $7,816.93 BTC/USD exchange rate today. The real-time BTC market cap of $138.7 Billion currently ranks #1 with a chart dominance at 55.57%, daily trading volume of $5.62 Billion and live coin value change of BTC 0.75 in the last 24 hours.

Latest Posts About Bitcoin and Gold’s Store of Value Asset Class

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Omar Faridi

Bitcoin Diamond Price Prediction Today: Daily (BCD) Value Forecast – June 5

  • The coin is trading between the levels of $0.800 and $1.400.
  • However, a bullish break at the upper price range will propel the crypto to rally above $1.600 price level. On the other hand , a bearish break at the lower price range will depreciate the coin to a low at $0.600 price level.

BCD /USD Medium-term Trend: Ranging

  • Resistance Levels: $1.200, $1.400, $1.600
  • Support Levels: $1.00, $0.800, $0.600

Yesterday, June 4, the price of BCD was in a sideways trend. The coin is trading between the levels of $0.800 and $1.400. On April 4, the bulls tested the upper price range and were resisted. On May 9, the price fell to the $0.800 lower price range. On May 30, the bulls tested the upper price range and were resisted.

The price fell back to the range bound zone. In the interim, traders can trade a ranging cryptocurrency pending the time the crypto commences a bullish or bearish trend. A trader can initiate a short trade at the upper price range. Also, you can initiate a long trade at the lower price range. At maturity, short trades should be exited near the support zone.

Similarly, long trades should be exited near the resistance level. By so doing partial profits could be earned. However, a bullish break at the upper price range will propel the crypto to rally above $1.600 price level. On the other hand , a bearish break at the lower price will depreciate the coin to a low at $0.600 price level.

BCD/USD Short-term Trend: Bearish

On the 1-hour chart, the price of BCD is in a sideways trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is in a tight range between the levels of $1.3500 and $1.400.

On June 3, the bears broke out of the range bound movement. The crypto’s price fell to the support of $1.1500 price level. Meanwhile, the price of BCD is in the oversold region of the daily stochastic but above the 20% range. This means that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M