Tezos (XTZ) Price Analysis (April 21)

Key Highlights

  • A relative number of falls has featured in the market’s valuation of XTZ/USD.
  • A downward breach at the $2 mark, will lead XTZ/USD price trading lower around the i$1.8 major accumulation territory afterward.
  • XTZ/USD market is likely to make rebound northwards a bit above the $2.4 mark.

Tezos (XTZ) Price Analysis

  • Major distribution territories: $2.6, $2.8, $3
  • Major accumulation territories: $1.8, $1.6, $1.4

There have a relative number of falls in the market’s valuation of Tezos as traded against the US dollar’s price worth. On April 18, the crypto surged northbound higher to a closely average $2.4 mark. Price has been trading towards a low value at $2 line.

A further downward breach of the $2 mark, will potentially lead the crypto market’s value to trade lower around the i$1.8 immediate major accumulation territory. Meanwhile, the bulls’ failure at that point will cause more sell-offs through some major accumulation territories afterward.

Tezos (XTZ) Technical Indicators Reading

The 50-day SMA indicator, still to some extent, points to the north direction a bit above the $2 mark. A line of bearish Japanese candlesticks has occurred to touch the SMA trading indicator. That signifies a correction in the crypto’s price earlier upswings. The Lower Bollinger Band lies closer below the SMA trend-line to give strength to it. That showcases the potential of seeing the bulls regaining power from that point The Stochastic Oscillators have moved downward slightly start a consolidation moves around range 20. That signals the necessary need to stay away from placing a position for a while.

Conclusion

As XTZ/USD market now trades around the 50-day SMA trend-line and, the Lower Bollinger Band, the crypto is more likely to make rebound northwards a bit above the $2.4 mark closely averaged earlier on. Any rejections around a low value at $2 line, may signal a good entry of the XTZ/USD bullish market trading zone.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Crypto Capital’s Eric Wade Weighs in On the Millennial Draw to Cryptocurrency

  • Eric Wade, editor at Crypto Capital, was recently featured on Boom Bust to discuss cryptocurrency.
  • Wade stated that many investors in the US have been slow to adopt consumers, though millennials have been an exception.

The entire structure around Bitcoin centers on mining and the rewards that these miners get for participating in the verification of transactions. The halving happens on a fairly consistent schedule, dropping the reward that miners receive for their actions. Bull rallies have typically followed along with these halvings, but some Bitcoin bears believe that these associations will not repeat. Recently, analyst and editor at Crypto Capital, Eric Wade sat down with Boom Bust to discuss Bitcoin’s movement. Wade stated,

“I find it really interesting that long term holders – and I’ll lump the miners into that – seem to be holding on to Bitcoin in anticipation of higher prices after the halving, but I also see that short term traders are looking for opportunities to maybe catch a swing or two, maybe a little bit more of the volatility, trying to run up between now and the next halving.”

He added that there’s primarily two investors right now, with some loving the volatility and others despising it.

Speaking on consumer adoption, Wade added that the investors locally have been a little slower on this path, except for individuals in the millennial generation. These individuals seem to be “pretty fast” in welcoming digital currencies. One of the hosts points out that the US has been a little slow, considering the progress in many countries. Wade explains,

“The U.S. is clearly behind and clearly trying to catch up and, as you just mentioned, sending a lot of mixed signals.”

He continued, saying that the government may be slow to adopt with their policies, but Americans themselves have gravitated towards cryptocurrencies.

The discussion turned to Libra, which one of the host “refuses” to call an actual cryptocurrency. Facebook Pay was recently launched, seemingly offering much of the same benefits that Libra is supposed to have. However, Wade points out,

“We’re seeing Facebook maybe trying to play the field a little bit, and they don’t know what it’s gonna look like when the dust clears. But they want to have all of their options out there.”

He adds that it seems that Facebook will either create their own option, or they will buy a company like Venmo.

The cryptocurrency industry is getting close to the upcoming Bitcoin halving, but the focus seems to be on the adoption by consumers so far. Even though the U.S. is not nearly the leader in the industry, analyst Eric Wade has noticed some interesting patterns, which he discussed with the hosts of Boom Bust.

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Author: Krystle M

OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 31

OmiseGo Confirms the Acquisition by Thailand Company to be “False”
  • Most of the range market moves of the OMG/USD have featured under the sell signal line of the SMA trading indicator.
  • Traders are enjoined to exercise some degree of caution while placing an order.

OMG/USD Medium-term Trend: Ranging

  • Distribution territories: $1.80, $2, $2.20
  • Accumulation territories: $1.20, $1, $0.80

OMG/USD market territories between $1.60 and $1.40 marks have dominated by a variant of choppy price movements. Most of the range market moves have featured under the sell signal line of the SMA trading indicator.

About a day and several hours until the present, the Bollinger Bands have shrunk into the choppy spots. Like wisely, the 50-day SMA trading indicator has joined with the Bollinger Band at the upper end of range market. The Stochastic Oscillators have moved closer to range 75 with their hairs conjoined to signify the intensity of the on-going range movements.

There has been no tangible move to suggest a clear-cut direction of this market. And that could linger on to the next trading session.

OMG/USD Short-term Trend: Ranging

The OMG/USD short-term trend has been witnessing a more intense ranging price moves. The intensity of the ranging market has spanned from yesterday’s session into the present market trading condition.

All the trading indicators are within the ranges, as earlier mentioned in the paragraph above. The Bollinger Lower Band and the 50-day SMA are joined together in the choppy regions. The Stochastic Oscillators have crossed downwards from range 80 to range 40. And, they now attempt to close the hairs.

It appears the OMG/USD bulls are struggling around the present choppy spots. Traders are enjoined to exercise some degree of caution while placing an order.

OmiseGo:

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 Mustapha

KOMODO Price Prediction: Long-term (KMD) Value Forecast – July 29

Komodo-Incorporates-Dilithium-A-Digital-Signature-Capable-of-Ensuring-Security-against-Quantum-Computing
  • Neither the USD nor KMD has been able to end range trading operations ever been featured in the market between them.
  • The bulls may build a strong baseline of around $1.10 and $1.05 price levels soon afterward.

KMD/USD Medium-term Trend – Ranging

  • Resistance levels: $1.30, $1.40, $1.50
  • Support levels: $1, $0.80, $0.60

In spite of July 27 notable drawdown that occurred in most of the crypto-economics, KMD/USD trade also continues to witness its price movements in ranges. At the former stage, the crypto moved by showcasing a line of lower highs until the second form of 4-hour candlestick on the day of trading earlier mentioned.

The 50-day SMA is a bit over the Bollinger Middle Band in the range trading regions of the market. The Stochastic Oscillators are consolidating around ranges 40 and 20.

There has been no clear signal as to begin to nurse the possibility of this crypto-market changing the direction towards attaining stable uprises in near time.

KMD/USD Short-term Trend – Bearish


The US dollar has been able to gain the market advantage while the crypto failed to push past $1.15 mark in the short-term run. Not too long, the pair’s slow downward moves got accelerated towards approaching a low value of $1.05 mark.

The 50-day SMA has conjoined with the Bollinger Middle Band a bit over $1.10. And, the Bollinger Lower Band is briefly pointing to the south. The Stochastic Oscillators have slightly crossed at range 40 towards pointing to the north.

Currently, the pair is trying to find a foundation between the $1.10 and $1.05 levels. The bulls may need to build up a strong baseline around those price points in this crypto trade operation after a while.

Komodo:

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 Mustapha