CryptoCurrency News: EOS Stablecoin? Blockchain Startup Havven Plans Launch By Year End

The EOS blockchain may soon see what it appears to be the first stablecoin on its platform.

via CoinDesk

[FOREX TIP] USDCAD Price Action Analysis – 8th August 2018

USDCAD had a strong Bearish move on the H4 chart. Then, the price was within a range for a while. However, yesterday the price made a strong Bullish move towards the upside. The move made a breakout at the down trending Trend line as well. If the price makes another breakout towards the upside, then buying the pair would be an option for the traders to make some green pips. Let us have a look at the H4 USDCAD chart.

USDCAD Price Action Analysis – 8th August 2018

Have a look at those good-looking H4 Bullish candles. If we have a close look, then we see there is a Double Bottom as well. This means if the price makes an H1 breakout at the level of 1.30735 after producing an H4 Bullish Engulfing Candle, then the price will head towards the level of 1.31430 without having that many pauses. I assume the level of 1.30315 is the best level for the price to produce that H4 Bullish Engulfing candle. Let us have a look at the summary of the trade…

• Buy Stop Order: 1.30735
• Stop Loss: 1.30315 
• Take Profit: 1.31430
• 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

In this setup, I am assuming that the price would trend from the level of 1.30315. It could trend from right where the price is now as well. However, the best option for the buyers would be if the price trends from little below (from our predicted Support level). This is when the trend will have more strength and it would attract more buyers.

USDCAD Price Action Analysis – 8th August 2018

The post USDCAD Price Action Analysis – 8th August 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Code as a Weapon: Amir Taaki Wants You to Join the Real Crypto Revolution

Infamous developer Amir Taaki believes bitcoin's potential is exhausted, but he's not giving up the fight to change the world with cryptocurrency.

via CoinDesk

CryptoCurrency News: XRP, Litecoin Fall to Lowest Prices Yet Seen in 2018

The price of XRP and Litecoin, two of the world's largest cryptocurrencies, fell to new 2018 lows on Wednesday.

via CoinDesk

CryptoCurrency News: DEA Agent: Speculators Are Using Bitcoin More Than Criminals

Criminals were behind 90 percent of all cryptocurrency transactions five years ago – not anymore according to a DEA agent.

via CoinDesk

CryptoCurrency News: SEC Delays VanEck-SolidX Bitcoin ETF Decision to September

The U.S. SEC has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month.

via CoinDesk

CryptoCurrency News: Ukraine Election Official Launches Voting Trial Using NEM's Blockchain

A member of the Ukraine Central Election Commission is investigating the use of blockchain technology in elections with a local NEM Foundation group.

via CoinDesk

CryptoCurrency News: Here's the Bitcoin ETF Presentation Given to the SEC Last Week

SEC officials huddled with stakeholders last week on a proposed bitcoin ETF.

via CoinDesk

CryptoCurrency News: Coinbase Is Boosting Its Crypto Buying Limit to $25K a Day

Cryptocurrency exchange Coinbase announced it was opening instant trades and increased trading limits Tuesday.

via CoinDesk

CryptoCurrency News: Researchers Discover Huge Crypto Scam Botnet on Twitter

Researchers have uncovered a large botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency "giveaway" scam.

via CoinDesk

CryptoCurrency News: New Blockchain App Claims Its Already Tracking 760,000 Diamonds

A firm that launched a blockchain-based application for food tracking last year has rolled out a similar service for diamonds.

via CoinDesk

CryptoCurrency News: Ethereum-Powered Insurer Nexus Is Winning Over Blockchain Skeptics

Nexus is one of several blockchain startups trying to revive mutual insurance. Its first product will cover the risks of ethereum smart contracts.

via CoinDesk

CryptoCurrency News: Bitcoin Price Eyes $7.4K After Defense of Key Support

Bitcoin solid defense of the key 50-day moving average support may have opened the doors for a minor corrective rally.

via CoinDesk

CryptoCurrency News: Ohio Becomes Latest US State to Legally Recognize Blockchain Data

The U.S. state of Ohio has joined Arizona in legally recognizing data stored and transacted on blockchain.

via CoinDesk

[FOREX TIP] GBPNZD Price Action Analysis – 7th August 2018

GBPNZD has been within a range for a long time on the H4 chart. However, from a strong level of Resistance, the pair produced a Bearish Engulfing H4 candle. Yesterday the price had a bounce from a level of Support, which is also a level of Support on the Daily chart. The price has been trying to go downwards from an intraday level of Resistance. If that level of Resistance is held and produces an H4 Bearish Engulfing Candle and we get an H1 breakout at yesterday’s lower low, then selling the pair would get us some green pips. Let us have a look at the H4 GBPNZD chart.

GBPNZD Price Action Analysis – 7th August 2018

The level of 1.92375 has the potential to be the intraday Resistance. If this level produces an H4 Bearish Engulfing candle and afterwards we get an H1 breakout at the level of 1.91950, then the price would head towards the level of 1.91300 without having that many pauses. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.91950
• Stop loss: 1.92375
• Take Profit: 1.91300
• 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

None of the currency of this pair has any high impact news event today. Thus, the signal could come at any time. However, the best signal would be if it comes between GMT 11.00 to 14.00. It would attract more sellers and eventually it would lead the pair to have more liquidity. If the signal comes later than that the signal is still valid, but the price might get a bit sluggish to hit the target.

GBPNZD Price Action Analysis – 7th August 2018

The post GBPNZD Price Action Analysis – 7th August 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Trigger Warning: Why the 3D-Printed Gun Debate Matters to Crypto

No matter where you stand on guns, U.S. states' attempt to silence the publication of software files should be concerning to the blockchain community.

via CoinDesk