Tron [TRX] weekly report: Tron to outperform Ethereum [ETH] by the end of 2019

The first week of 2019 has been a remarkable one for Tron with various events and partnerships taking place. Justin Sun, the CEO and founder of Tron, recently tweeted the weekly report of the firm. According to the report, the firm has completed the hard fork logic optimization and development of event subscription function. Currently, the team is working on the multi-signature wallet and smart contracts.
Proposal number 13, which was submitted by Justin Sun, has also been approved. The proposal was submitted by the founder in order to increase the amount of energy on the network. This approval will lead to a massive expansion of the Tron network with reduced transaction costs. The report also mentioned that Tron is striving to take over EOS in terms of the number of DApps being launched. Apart from this, Tron is also aiming to outperform Ethereum in terms of network ecosystem.
Another proposal submitted by one of the super representatives named TRON-ONE has also been approved. This proposal is expected to improve the scalability of the ecosystem. Users can now create and name their own tokens with the existing token names. Further, the TRC 10 and TRC 20 smart contracts will be connected once the token name duplication is approved. Therefore, all Dapps will be able to use TRC10 tokens for circulation.
BitTorrent Inc, which was acquired by Tron in the year 2018, announced the release of a new token named BTT which is TRC10 compatible. The firm also mentioned that the token will be available on Binance Launchpad for non-US customers.
According to the report, a decentralized exchange called TRXMarket exceeded the daily transaction volume by 200 million TRX. Also, TRX has been listed on a global cryptocurrency trading platform named COINBIG.
At the time of writing, Tron [TRX] is trading at $0.023 with a market cap of $1.5 billion. Earlier today, the cryptocurrency had outperformed Bitcoin SV to take the 9th position by market cap. The cryptocurrency has shown a massive surge of over 25% in the past week. According to CoinMarketCap, the highest trading volume for Tron is seen on Bit-Z for TRX/BTC trading pair.
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Source: AMB Crypto

Ethereum [ETH/USD] Technical Analysis: Bulls persist with the cryptocurrency on a long run

The cryptocurrency market began the year with an astonishing bull run which included the news of Ethereum [ETH] securing its second position back on the list by market capitalization.
At the time of writing, Ethereum [ETH] is trading at $156.14 with a market cap of $16.2 billion. The cryptocurrency was trading as low as $85 during the first week of December. However, towards the final week of the year, ETH showed decent progress and crossed the $100 mark and continued the bull run. The major trading volume of the digital asset is seen to be on the chinese exchange OEX, which is followed by OKEx and Binance.
1-hour:
ETH 1 hour chart | Source: TradingView
The hourly chart of Ethereum is currently showing a massive uptrend ranging between $120.35 – $138.52 – $160.6. The recent resistance point set at $149 has been broken by the cryptocurrency to reach the latest price. Also, it can be noticed that the support is fixed at $121.
The Bollinger Bands is currently showing a bullish run for ETH as the candlesticks are moving above the moving average line. After the major price breakout which took place on 28th December, the bands further narrowed down indicating a sudden breakout. This time it was again in favor of all the ETH hodlers with a significant rise. The Bollinger Bands remain in the expanded form indicating that there are chances of volatility in the ETH market.
The Awesome Oscillator indicates that the cryptocurrency continues to gain its momentum by holding the green spikes above the zero line on the histogram.
Chaikin Money Flow has moved above the zero line on 1st January and has sustained its journey in the same zone. This indicates that the inflow of money in the Ethereum market has increased compared to last month.
24 hours:
ETH 24 hours chart | Source: TradingView
The daily chart of ETH shows a downtrend extending from $616 to $158.3 with resistance points set at $28.19 and $226.3. Also, there is an uptrend formed between $92.7 – $114 – $146.2.
The Parabolic SAR is slightly forming the dotted indicators below the candlesticks indicating a bullish trend for ETH.
The MACD has also taken a bullish crossover with both the moving average line and signal line moving upwards continuously. The MACD histogram is also forming green bars demonstaratig the bull run.
The Relative Strength Index [RSI] is currently moving very close to the overbought zone indicating a high buying pressure for the coin.
Conclusion:
The technical analysis demonstrates a bullish run for Ethereum in both the timeframes. All the indicators are clearly depicting a bright side for the cryptocurrency as it has moved back to the 2nd position.
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Source: AMB Crypto

Ripple’s partner Earthport to be acquired by credit card giant Visa Inc

The American multinational financial services corporation, Visa Inc to be partnered with Earthport PLC, a UK based financial services company. The firms have reached an agreement, wherein, Visa will be buying the cross-border payment firm for 198 million pounds, states a report published by Morningstar.
Notably, Ripple had announced the partnership with Earthport in the year 2014. Earthport integrated Ripple’s cross-border payments protocol into their existing payments network to enable its customers to benefit from lower liquidity management costs along with maintaining the regulatory standards.
However, it is also being noticed that several Ripple proponents across various social media platforms mentioning that this announcement can lead to a partnership between Ripple and Visa as well.
A Ripple shareholder recently tweeted:
“This is huge news. Connecting the dots. Earthport is a Ripple partner. Visa is an Earthport partner. This would make Visa a Ripple partner by default.”
A Twitter user named Great Gaspy says:

“#Visa acquiring Earthport is massive. Like we’ve said before, we don’t have an instant payment problem(Visa does  txn per second) we have a settlement and tracking issue. Now Visa has neither of those issues. #XRP”

Another twitterati named HillDWXRP says:

“This doesn’t make them partners, the partnership was between ripple and earthport, visa can easily end any partnership, and since ripple is a visa competitor i see visa ending it very soon”

This partnership was introduced after a tough financial year for Earthport in which it experienced low transaction volumes and several management issues. However, several reports suggest that post the announcement, the market shares of Earthport has hiked significantly.
According to the officials of Earthport, this is an opportunity for shareholders to realize an immediate and attractive cash value in the firm. They also believe that Visa is a suitable and appropriate partner for their employees, partners, custom, rs and other stakeholders.
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Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: The cryptocurrency is yearning for a bull run

The rise and fall of the cryptocurrency market seem to be persistent even during the final week of 2018. The beginning of the week witnessed almost all the cryptocurrencies shooting up tremendously with double digit gains. However, disappointment bestrewed the crypto community once again when the values of digital assets dropped 2 days back. It is being noticed that all the major coins are suffering a decline rate of up to 10% in the past 24 hours.
Bitcoin Cash [BCH], which outperformed all the cryptocurrencies last week with a massive 150% hike is currently struggling to overcome the bearish hit. At the time of writing, BCH is trading at $153.24 with a market cap of $2.7 billion. The weekly statistics of the market depicts that BCH has dropped by 17.18%. Also, the cryptocurrency is currenlty the biggest loser in the 24 hour chart with a 10% loss.
1-hour:
BCH 1 hour chart | Source: TradingView
The hourly chart of BCH shows an uptrend extending from $88.3 – $222.7, which is followed by a continuous downtrend ranging between $225.2 – $209.4 and $208.19 – $164.99. A resistance point is fixed at $226.4 and  the support point set at $152.8 has been broken and the price contiues to dip in this timeline.
The Parabolic SAR is currently forming the dotted indicators above the candlesticks indicating a bearish sign for the cryptocurrency.
The Chaikin Money Flow [CMF] has falled steep down the zero line demonstrating that the inflow of money has severely depeleted in case of BCH.
The Awesome Oscillator is continuousy forming negative bars below the zero line on the histogram, which shows a clear support for the other indicators mentioned above.
24 hours:
BCH 1 day chart | Source: TradingView
In the daily chart of Bitcoin Cash, we can see a massive downtrend ranging between $1729.3 – $594.69 – $167.4.
The Bollinger Bands has shown a clearly bearish market since November, as the candlesticks are alligned below the moving average [MA] line. Though BCH gained its momentum in the past few weeks, the price has started to move along with the MA. The upper band and the lower band of the indicator shows a narrow path indicating a less volatile market.
The Relative Strength Index [RSI] had risen steadily from the overbought zone to stay within the RSI range, however, it is gradually moving back to the overbought zone in this timeframe.
The Relative Vigor Index [RVGI] has taken a bearih crossover with both the reading line and signal line moving downwards.
Conclusion:
All the indicators used in this technical analysis is evidently favoring a bear market in both the timeframes. The short term indicators are showing strong support for bears in the 1 hour chart.
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Source: AMB Crypto

XRP/USD Technical Analysis: Beginning of a major bull run for the cryptocurrency

The crypto market has shown a significant bull trend this weekend as all the coins are back in the green zone. According to CoinMarketCap, XRP is trading at $0.37 with a market capitalization of $15 billion. The cryptocurrency has shown a growth rate of 27.9% in the weekly statistics. The highest trading volume of 12% is currently being noticed on the Japanese exchange platform, Bitbank.
1-hour:
XRP 1 hour chart: Source: TradingView
The 1 hour chart of XRP shows an uptrend extending from $0.297 – $0.377. The support and resistance levels for this timeline are set at $0.357 and $0.397 respectively.
The Parabolic SAR is currently forming the dotted indicators above the candlesticks by slightly pushing the price downwards. However, it can be noticed that this bear trend is emerging after a strong bullish signal which existed for more than a day.
The Awesome Oscillator has maintained the bars above the zero line which is slowly changing to green at the moment.
Chaikin Money Flow [CMF] is moving below the zero line indicating a less inflow of money in the XRP market in this timeline.
24 hours:
XRP 1 day chart | Source: TradingView
The daily chart of XRP shows an uptrend ranging between $0.26 – $0.28 – $0.37, while the downtrend is ranging between $0.52 – $0.377. Also, a resistance point is set at $0.56.
The MACD has taken a bullish crossover with the moving average line continuing its journey above the signal line. The histogram has formed a set of strong green bars indicating the bull trend on a long run.
The Relative Strength Indicator [RSI] depicts a bullish trend as it is moving towards the overbought zone in this timeframe.
Aroon Indicator is showing more strength in the uptrend which gives a positive sign and the downtrend is exhausting.
Conclusion:
In this technical analysis, the short term indicators are depicting a slight bearish trend. However, all the three indicators on the daily chart is predicting a strong bullish trend on a long run.
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Source: AMB Crypto

XRP, EOS and Stellar [XLM] remain the top double digit gainers in the past 24 hours

The unforeseen bull run which took place yesterday has given a strong push to the crypto market. The 24-hour statistics of all the cryptocurrencies are flashing green at the moment with most of them experiencing a double digit hike. Altcoins such as IOTA [MIOTA], Dogecoin [DOGE] etc has also seen a hike of upto 17% in the daily statistics. XRP, EOS and Stellar [XLM] is noted to be the highest gainers in the top 10 list.
EOS:
EOS tops the market with a massive 24.82% hike in a day. At the time of writing, the cryptocurrency is trading at $2.42 with a market cap of $2.19 billion. The price hike has also led the coin to the 4th position by market cap. Both the 7 days and 1 hour statistics are also depicting a gain of 25.8% and 0.23% respectively. EOS opened the month at $3.03, however it gradually decreased to $1.56 by the end of 1st week. Further, the cryptocurrency began to move towards the bullish end and reached the current point.
EOS 1-day chart | Source: CoinMarketCap
XRP:
XRP stays strong at the 2nd position by market cap with a 14.94% hike in the past 24 hours. The cryptocurrency is currently trading at $0.33 with a market cap of $13.4 billion. The last week of November saw the coin touching the $0.4 mark, however, it has further reduced to $0.28 in the last week during the bearish market. The weekly statistics of XRP has seen an 8% hike at the time of writing. The highest volume of XRP is emerging from the Japanese exchange Bitbank.
XRP 1-day chart | Source: CoinMarketCap
Stellar [XLM]:
Next in line is Stellar [XLM] which is trading at $0.10 with a market cap of $2.08 billion. The cryptocurrency is currently at the 5th position with a 12.5% hike in the past 24-hours. The highest volume of 27.4% is seen to be on an exchange platform called ZB.COM. The cryptocurrency opened the month at $0.17, further it dropped down to $0.09 on 14th December and has gained its momentum back now.
XLM 1-day chart | Source: CoinMarketCap
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Source: AMB Crypto

XRP Technical Analysis: Bears to dominate the market on a long run

XRP, the second largest cryptocurrency by market capitalization has seen a significant downfall since the month of November and it continues the struggle to gain its momentum back. At the time of writing, XRP is trading at $0.28 with a market cap of $11.75 billion. The coin has shown a decline rate of approximately 7% in the past 1 week.
1-hour:
XRP 1-hour chart | Source: TradingView
The 1 hour chart of XRP is currently depicting a downtrend extending from $0.31 – $0.29 with a support point set at $0.28.
Bollinger Band is currently showing a bearish trend as the candlesticks are forming below the Simple Moving Average [SMA]. The bands are diverging by leaving a huge gap for volatility in the XRP market.
The Chaikin Money Flow [CMF] has dropped down below the zero line, indicating a slow moving money inflow in the market at the moment.
The Awesome Oscillator is also on the bearish end as the indicator shows an increasing red bars forming below the zero line.
24-hours:
XRP 1-day chart | Source: TradingView
The daily chart of XRP is clearly on the bearish side with a downtrend extending from $0.51 – $0.29. The support and resistance points are set at $0.27 and $0.55 respectively.
The Parabolic SAR has formed an extended dotted indicator above the candlesticks, pushing them completely downwards to further test the existing support points.
The MACD is currently moving along the lowest mark with both the moving average and signal lines showing a downtrend in this timeline.
The Relative Strength Index [RSI] has touched the oversold mark and continues to move in the same direction without any progress.
Conclusion:
In this Technical Analysis, we notice that in both the timeframes all the indicators depicts a bearish presence in case of XRP. The Parabolic SAR and MACD in the one day statistics indicate that the bears are clearly dominating the market on a long run.
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Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Cryptocurrency to stay with the bears

The price of Bitcoin [BTC] is still hovering around the $3,000 range just like the other cryptocurrencies that are facing the brunt of the bear. They have reached their all time low since 2017 December.
At the time of writing, LTC is trading at $23.62 with a market cap of $1.4 billion. The coin is currently at the 8th position by market cap and has seen significant decline of 7.4% in the past 7 days. LTC opened at $32 on 1st December, further continues to decline without showing any signs of an upward trend even after 2 weeks.
1 hour:
LTC 1-hour chart | Source: TradingView
In this time frame, LTC is showing a downtrend ranging between $35.26-$24.6-$23.8 with resistance points set at $34.02 and $28.69.
The Awesome Oscillator is currently moving towards the reddish zone continuing the downtrend of LTC. The histogram is demonstrating the same trend since yesterday.
Chaikin Money Flow [CMF] has dropped below the zero line indicating that inflow of money in the LTC market is diminishing.
The Bollinger Bands are currently diverging, indicating that there are high chances of volatility in the market. Also, the candlesticks are staying slightly below the simple moving average [SMA] showing a bearish trend in the 1 hour chart.
24 hours:
LTC 1-day chart | Source: TradingView
The daily chart of LTC shows a desolated market with no possibility of uptrends anytime soon. The downtrend is ranging between $275.56 – $52.8 and $50.62 – $25.2. The resistance point in this time frame is set at $180.11.
The Parabolic SAR is currently forming the dotted indicators above the candlesticks pushing them further towards the bearish end.
In MACD, both the signal line and moving average is continuing its journey together in the bearish zone without any alteration. The LTC histogram also seems completely bleak at the moment.
The Relative Strength Index [RSI] is struggling to take its place back in the RSI zone. The indicator moved to the oversold section last week and continues to be in the same zone since then.
Conclusion:
The Litecoin [LTC] market is clearly depicting a negative trend with all the indicators in both the time frames constantly moving towards the bears’ grip.
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Source: AMB Crypto

Bitcoin [BTC] Technical Analysis: Bears to have a tenacious grip on the market

The volatility in the cryptocurrency market continues as most of the coins are experiencing unexpected rise and fall in their prices. The case remains the same for the market king, Bitcoin as well. At the time of writing, BTC is trading at $3614 with a market cap of $62.9 billion. The daily statistics on CoinMarketCap is currently showing a growth rate of 4.86%. However, the weekly chart is still sinking downwards with a decline rate of 12.3%.
1-hour:
BTC 1-hour chart | Source: TradingView
The 1 hour chart of Bitcoin [BTC] shows a downtrend extending from $4091 – $3696 and the uptrend is ranging between $3346 – $3487 – $3645. The cryptocurrency also saw resistance points set at $4080 and $3888. The recent support point is at $3318.
The Aroon indicator is demonstrating the beginning of a downtrend wherein, the Aroon Up line has touched the maximum point and reversed. This clearly indicates that the strength of bullish rally is fading for BTC.
The Awesome Oscillator is currently undergoing a transition from a bullish trend to bearish trend. The lines on the histogram is gradually moving downwards.
The Chaikin Money Flow is comfortably moving below the zero line depicting that the inflow of money has reduced in the BTC market during the past 1 hour.
1-day:
BTC 1-day chart | Source: TradingView
The daily chart of BTC has a downtrend ranging between $8242 – $6481 – $3637 with the resistance points set at $7396 and $5676.
The MACD has made a bearish crossover, wherein, the moving average line went below the signal line. Currently, both the lines are moving together below the histogram, depicting that the bear trend will continue for a longer period of time.
The Parabolic SAR is demonstrating a bearish trend as the dots are forming above the candlesticks. The indicators formed are pushing the price further downwards.
The Relative Strength Index is trying to recover from the oversold section and gradually moving to the RSI region. This indicates that there is a small amount of money flowing in the BTC market in this time frame.
Conclusion:
The Technical Analysis clearly indicates a bearish trend for Bitcoin in both the time frames as most of the indicators are moving downwards.
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Source: AMB Crypto

Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone

In a recent tweet by Brendan Eich, the CEO and Co-Founder of Basic Attention Token [BAT] and Brave, announced that Brave has been made as the default browser on HTC Exodus phones.
Tweet by Brendan Eich:
“We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone”
In October 2018, Brave introduced the newer version of the browser which is compatible with all Chrome extensions. This version was named as Brave 1.0, which is a desktop browser with 22% faster browsing speed compared to older versions of Brave. During this announcement, the team also mentioned that they were working on multi-core capacity on the browser speed, the performance of the browser on mobile devices etc.
Recently, HTC announced Exodus 1 as their first cryptocurrency enabled smartphone. The phone provides a storage solution for cryptocurrencies and gives accessibility to blockchain-based applications. An Android application named Zion, which is separated from the operating system of the phone has the ability to store all the private keys of the users.
A Redditor named jajarz says:
“HTC is a dying company, but they are going all in on hardware the incorporates future developments like VR, and Crypto. If they pull this off theyll be the next Apple.”
Another Redditor named Gromerando says:
“HTC phones run on Android, having Brave as default browser will only prevent Google from getting ur browsing habits, only if Google is not the default search engine on the browser So don’t really see the excitement as Google will still be able to track your every move”
Brendan Eich, who is also the Founder of JavaScript and the Co-Founder of Mozilla project created both the Brave browser and Basic Attention Token [BAT]. The cryptocurrency BAT is an ERC-20 utility token which is used for all the advertising purchases and revenue on the browser.
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Source: AMB Crypto

Bitcoin Cash [BCH] returns to the 5th spot after a striking defeat

After a massive downfall which took place yesterday, Bitcoin Cash [BCH] has returned to its original position today. At press time BCH is trading at $107.23 with a market cap of $1.8 billion. The 1-hour statistics of the cryptocurrency has began to flash a green signal with 3% hike. However, the daily charts of the coin is still depicting a downward trend of approximately 7% loss.
BCH 1-day chart | Source: CoinMarketCap
The weekly chart of Bitcoin Cash [BCH] has been deepicting a significant loss as per CoinMarketCap. The cryptocurrency opened the month of December at $172.52, which gradually decreased to $130.54 on 6th. Further, BCH saw a sudden drop to $107 during the day which pushed the cryptocurrency down in the market.
However, this morning saw the digital asset thriving towards its 5th position with significant hike in a less span of time. The daily chart of BCH shows that the coin managed to climb up the ladder and reached $116.
Gemini exchange, which is owned by the Winklevoss twins announced the support for Bitcoin Cash today. Many investors speculate that this could be the main reason behind the sudden surgen in price.
Tweet by Gemini:
“We are pleased to announce that Bitcoin Cash (BCH) is now available on Gemini! On Saturday, we will begin accepting Bitcoin Cash deposits, and trading will open across all currency pairs on Monday.”
[Note: The hardfork of Bitcoin Cash [BCH] which took place on 15th November, led to the creation of Bitcoin Cash ABC and Bitcoin SV. In some of the exchanges, Bitcoin Cash ABC is still denoted as BCH.]
According to an official post by Gemini, the exchange will be supporting only Bitcoin Cash ABC at the moment. They have also added replay protection to all BCH withdrawals from the Gemini platform to ensure transactions are only valid on the Bitcoin ABC blockchain.
A crypto enthusiast says:
“Great news! Thanks for confirming that you list coins with solid fundamentals for future adoption as money.”
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Source: AMB Crypto

Ethereum [ETH] Technical Analysis: Bulls to take over the bear bestrode market

Sunday morning witnessed the delighted journey of cryptocurrency market towards the bullish side, wherein, most of the coins have shown an upward momentum in the past 24 hours. Ethereum [ETH] continues to stay at the 3rd position by market cap even after 3 weeks since it faced the utmost defeat by XRP.
At the time of writing, ETH is trading at $117.63 with a market cap of $12.18 billion. The cryptocurrency has surged by 4.21% in the past 24 hours with the highest volume to be seen on exchanges such as OEX, RightBTC etc. The 7 days statistics of Ethereum has also shown an impressive progress with a 9.33% hike, according to CoinMarketCap.
Ethereum [ETH] 1-hour chart | Source: TradingViewThe 1-hour chart of ETH has an uptrend ranging between $105.4 – $111.7 –  $118.6 with resistance points set at $129.5 and $125.4. The downtrend for this timeline ranges from $124.9 – $121.6 – $118.6. In this case, the support point is fixed at $105.27.
The Parabolic SAR is currently forming the dots right above the candlesticks, indicating that it is the beginning of a bear trend. This comes right after a strong bullish signal indicated by SAR previously.
The Chaikin Money Flow is currently below the zero line, which is gradually moving upwards indicating that the inflow of money in Ethereum market has increased.
Klinger Oscillator has taken a bearish crossover a few hours back, however, it can be noticed that the reading line is depicting a reversal and moving upwards currently.
24 hours:
ETH 1-day chart | Source: TradingView
The daily candlesticks of Ethereum [ETH] are currently experiencing a strong downtrend ranging from $821.7 – $211.4 – $122.5. The recent resistance point for the cryptocurrency is set at $286.58.
The Bollinger Bands is currently expanding indicating that there is a high chance of increased volatility in the Ethereum market.
The Relative Strength Index [RSI], was hit majorly and the price had brought it below the oversold line. However, the indicator is currently moving back to the RSI zone, depicting that the selling pressure has reduced in this time frame.
The Awesome Oscillator shows a transition to the green signal indicating that there will be a bullish trend in the future.
Conclusion:
In both the timeframes, most of the indicators are demonstrating the beginning of a bull run for Ethereum. The diverging Bollinger Bands are giving more space for the candlesticks to form trend reversal patterns on a long run.
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Source: AMB Crypto

Bitcoin Cash SV [BSV] Technical Analysis: Cryptocurrency is all set for a slow and steady performance

The recent hardfork of Bitcoin Cash [BCH] was one of the major news that caught the attention of many cryptocurrency investors lately. Both Bitcoin CashABC and Bitcoin Cash SV have managed to stay firm in the top 10 list in the past two weeks. Though Bitcoin Cash ABC struggled to keep up with a strong price range, it managed to stay at the 5th position based on the market capitalization.
However, Bitcoin Cash SV has shown a tremendous performance in the past week even during the bearish market trends. At the time of writing, BSV is trading at $95.62 with a market cap of $1.67 billion. The cryptocurrency has shown a massive 83.6% gain in the past 7 days. However, the 24 hours statistics show a negligible hike of 1.56%. The largest trading volume of 28.5% is seen to be on Upbit, followed by Binance, Bithumb and many more.
1 hour:
BSVUSDT 1-hour chart| Source: TradingView
In the 1 hour chart Bitcoin Cash SV, there is an uptrend extending from 38.6 USDT – 94.2 USDT with a resistance point set at 132.06 USDT.
The Bollinger Bands are currently forming a narrow path depicting that the volatility in the market is very less.
Chaikin Money Flow [CMF] is moving below the zero line indicating that the inflow of money is reducing in the BSV market.
In case of Klinger Oscillator, both the signal line and reading line are moving together with no buy or sell signal in this timeframe.
4 hours:
BSVUSDT 4 hour chart | Source: TradingView
The 4-hour chart of Bitcoin Cash SV shows an uptrend ranging from 70 USDT – 94.29 USDT and the downtrend is extending from 133.6 USDT – 104 USDT.
The MACD has taken a bearish crossover currently with a negative histogram formation.
The Relative Strength Index [RSI] looks stable at the moment with the index line completely set within the RSI zone.
Conclusion:
According to the above Technical Analysis, Bitcoin Cash SV has high chances of having a less volatile market. As the Bollinger bands are forming a narrow path, we can expect a trend breakout as well.
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Source: AMB Crypto

Ethereum Classic [ETC] Geth security alert: “unnecessary drama” resolved

ETCDEV’s Founder and Technical Lead, Igor Artamonov recently announced an Ethereum Classic security alert. According to him, an unknown person took admin control of Ethereum Classic community organization with Classic Geth and removed all the other admins. The team had recommended all the users not to download Classic Geth until the issue was resolved.
However, within a couple of hours, ETCDEV’s program manager Darcy Reno mentioned that the whole issue was just mistake by Igor. His tweet read:
“There seems to be a mistake here – Igor had added an owner at their request which is correct and fine. That new owner seems to have reverted existing owners to members by some accident or misunderstanding. That user has said that they will revert the change today.”
Classic Geth is an Ethereum Classic repository on Github. The latest version of the project was released 2 weeks back. Geth is the main Ethereum Classic client,  a multipurpose command line tool that runs a full Ethereum Classic node. This is a Go language implementation of Ethereum Classic, supporting the original blockchain and its philosophy of immutability, censorship-resistance, and resilient distributed applications.
During the short investigation period by ETCDEV team, its Director, Anthony Lusardi tweeted:
“We are in contact with GitHub and working to regain control. The user who took ownership has not made any changes to any repositories as of the time of this tweet. However, as the note indicates, please proceed with caution.”
He also mentioned that no changes have been made to any repositories currently. Another ETC developer mentioned on Twitter that “the repositories require approved reviewers prior to PR merge and all build pipelines have been paused until the situation has been resolved. All clients are currently uneffected”.
Later, Anthony Lusardi tweeted:
“All is fine now. Issue and an incredible amount of unnecessary drama is resolved. Hooray!”
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Source: AMB Crypto

XRP Technical Analysis: Bears to have a strong hold on the cryptocurrency

The inconsistent journey of cryptocurrency market seems to be never-ending as the digital assets are constantly showing irregular trends since one week. At the time of writing, XRP is trading at $0.37 with a market cap of $15.1 billion. Though XRP continues to hold the 2nd position in the market list, it has seen a significant downtrend in the past 24 hours and 7 days statistics with decline rates of 4.3% and 12.2% respectively.
1 hour:
XRPUSD 1 hour chart | Source: TradingView
The 1-hour chart of XRP shows a downtrend ranging from $0.42 – $0.40 – $0.37 with a resistance point formed at $0.40. The candlesticks are also showing an uptrend ranging from $0.35 – $0.37 with a support point fixed at $0.33.
The Parabolic SAR is currently depicting a downtrend for the cryptocurrency. It can be noticed that the dots are clearly formed above the candlesticks providing a negative price prediction.
The Awesome Oscillator is showing a slightly bearish trend with the formation of red lines below the zero line. However, the trend formed seems to be unpredictable as it is a combination of both red and green bars in this timeline.
The Aroon Indicator shows the exhaustion of both the Aroon Up line and Aroon Down line at the moment. Both the trend lines are moving towards the bottom indicating that there could be a trend reversal soon.
24 hours:
XRP 1 day chart| Source: TradingView
In the 24 hours timeframe, XRP is experiencing a strong downtrend ranging from $0.88 – $0.58 – $0.39 with a resistance set at $0.69. Also, there is an uptrend extending from $0.26 – $0.36 with the support set at $0.26.
The Bollinger Bands are forming a wide path depicting that there will be an increased volatility in the XRP market in this timeline.
The MACD has taken a bearish crossover with both the moving average and signal line traveling downwards. The histogram is also showing a strong downtrend in this case.
The Relative Strength Index [RSI] had touched the oversold line a few days back and is currently recovering the trend by slowly moving towards the RSI zone.
Conclusion:
In this Technical Analysis, most of the indicators are showing a strong support towards a bearish trend for XRP in all the timelines. Also, Bollinger Bands is depicting high volatility in the market.
The post XRP Technical Analysis: Bears to have a strong hold on the cryptocurrency appeared first on AMBCrypto.
Source: AMB Crypto