Friday, August 31, 2018

CryptoCurrency News: Former Ripple CTO's Blockchain Project Coil Enters Closed Beta

The new company, which incorporates the Interledger and Codius technologies Thomas helped develop at Ripple, is now available to try out.

via CoinDesk

CryptoCurrency News: Firefox Plans to Block Crypto Mining Malware in Future Releases

Mozilla Firefox intends to add a function to block cryptomining scripts on websites by default in one of its upcoming releases.

via CoinDesk

CryptoCurrency News: Ethereum Developers Move to Alter the Blockchain's Economics

Developers agreed to reduce ethereum issuance from 3 ETH to 2 ETH in an upcoming hard fork, Constantinople.

via CoinDesk

CryptoCurrency News: Eminem's Latest Album 'Kamikaze' Features a Bitcoin Shout-Out

The rapper Eminem has given bitcoin's public awareness a boost with a mention of the cryptocurrency on his just-launched album "Kamikaze."

via CoinDesk

[FOREX TIP] AUDCAD Price Action Analysis – 31st August 2018

AUDCAD has been Bearish on the H4 chart. The pair has kept making lower lows by obeying a down trending Trendline. Yesterday’s Daily candle came out as a Bearish candle as well. It was not a solid good-looking Bearish candle, but the overall sentiment shows that the pair might make another Bearish move later today. Let us have a look at the H4 AUDCAD chart.

AUDCAD Price Action Analysis – 31st August 2018

AUDCAD Price Action Analysis – 31st August 2018

The level of 0.93960 is the level of Support here, which has to be broken. On the other hand, the level of 0.94415 is the level that might play its part as the level or Resistance. If this level is held and produces an H4 Bearish Engulfing Candle and later we get an H1 breakout at the level of 0.93960, then the price would head towards the level of 0.93220 without having that many pauses. Let us have a look at the summary of the trade…

  • Sell Stop Order: 0.93960
  • Stop Loss: 0.94415
  • Take Profit: 0.93220
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

If we calculate yesterday’s Daily candle, it shows that the sellers were bit hesitant yesterday to go further down. However, we should not change our bias here but we keep our eyes on this pair only to go short. The reason is the trend is Bearish. Unless we get a Double Bottom or get a breakout at the Down trending Trend line, we should only look to go short on AUDCAD. Trend is the key here and we must always go with the trend.


The post AUDCAD Price Action Analysis – 31st August 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

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NEO was the worst performing cryptocurrency over the course of August out of the world's 25 top cryptocurrencies by market valuation.

via CoinDesk

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Japan's top police agency is to fund development of new software aimed to help track individuals behind illicit crypto transactions.

via CoinDesk

CryptoCurrency News: Bitcoin Lost 10% in August But May Have Made Long-Term Bottom

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via CoinDesk

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via CoinDesk

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Japanese messaging giant LINE has become one of the first public companies to have launched a proprietary blockchain network with its own token.

via CoinDesk

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