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Bitcoin, Uniswap and Ethereum – European Wrap 16 October

High three Value Prediction Bitcoin, Ethereum, Ripple: Cryptocurrency market in massacre as OKEx halts operations

A bearish wave swept by means of the cryptocurrency market like a tsunami on Friday, leaving most cryptoassets within the crimson. Bitcoin, as reported, plummeted to $11,200 after dropping $300 in a matter of minutes. The surprising selloff is mirrored by the drop within the complete market capitalization from $364 billion on Thursday to the present $356 billion. However, the 24-hour buying and selling quantity surged from $78 billion to $85 billion. Learn extra …

 

Uniswap Value Evaluation: UNI jumps 18% after OKEx suspends withdrawals

The unbelievable worth motion following the communication from OKEx hit a barrier fashioned by a confluence of the 100 Easy Transferring Common (SMA) and 200 SMA. Nevertheless, a bullish divergence of the Relative Power Index (RSI) reveals that patrons nonetheless have the higher hand. If bulls can flip the confluence into assist, UNI might resume the uptrend to $three.eight. Sadly, shopping for strain is diminishing. Learn Extra …

 

UNI/USD price chart

Ethereum Value Prediction: Rejections at key resistance forces ETH to consolidate – Confluence Detector

Between September 2 and September 5, Ethereum dropped from $475.85 to $335. Since then, the sensible contract large went by means of a consolidation interval earlier than discovering assist on the 100-day SMA and bouncing up from $342 to $389 between October 7 and October 12. Since then, the patrons appeared to have misplaced steam close to the $385 resistance line and has entered one other consolidation interval. Learn extra …

 

ETH/USD daily chart

 

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ETH could retrace to $390 before the final rally to $500

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