Ripple Price Forecast As expected, XRP prices took a cautiously bullish step yesterday, rising 1.03% on Ripple

Ripple Price Forecast and Analysis – August 17, 2017

Ripple Price Forecast and Analysis – August 17, 2017

Ripple Price Forecast As expected, XRP prices took a cautiously bullish step yesterday, rising 1.03% on Ripple

Ripple Price Forecast As expected, XRP prices took a cautiously bullish step yesterday, rising 1.03% on Ripple news about an expansion to China, the world’s largest market.

Volatility in Ripple prices appeared to ease during the early morning hours, although that might be because fewer tokens exchanged hands this morning than they did last night.



Ripple Price Forecast

While that lower volatility reduces the chance for spectacular one-day gains, it likely gave Ripple investors some confidence after a week of hard losses. Bitcoin has been sucking up all the air in crypto markets lately, having successfully ploughed through its currency split.

Nonetheless, this bullish run for Bitcoin has come at the expense of our Ripple price prediction.

Important pieces of news—such as Ripple’s expansion into the largest market in the world—do not seem to have penetrated the valuation of XRP prices.

Additionally, reactions were muted to Ripple’s experiments with the “Lightning” network. No one batted an eye when the company successfully combined Lightning payments with its “Interledger” protocol (which is basically a settlement system between all ledgers, permissioned or not).

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Ripple prices remained relatively flat in yesterday’s trading, although there was a slight bias to the downside

Ripple Price Forecast and Analysis – August 16, 2017

Ripple Price Forecast and Analysis – August 16, 2017

Ripple prices remained relatively flat in yesterday’s trading, although there was a slight bias to the downside

Ripple prices remained relatively flat in yesterday’s trading, although there was a slight bias to the downside. XRP prices dropped 1.12% over 24 hours, adding to a lackluster week of 13% losses.

All this occurred despite Ripple news of expansion into China.

Under normal circumstances, investors ramp up their holdings at the merest whiff of international expansion. However, in this case, optimism was blunted by confusion over whether or not Ripple is entering China alone.



Ripple prices

Rumors were swirling on popular forums that XRP is partnering with Chinese internet giant Alibaba Group Holding Ltd (NYSE:BABA).

Even if clarity is able to stop the slide in XRP, it still looks as if the market is rotating funds to Bitcoin. This much is obvious from the fact that BTC dominance—a measure of how of Bitcoin fares against the rest of the cryptocurrency market—is above 50% again.

So, in the short term, our Ripple price forecast continues to suffer from headwinds not of its own making. That said, if Ripple is able to make inroads in China, its return on investment could be stratospheric.

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Melonport  Melonport AG in partnership with the Oyente development team is very proud to announce the beta release of Oyente, an open source

Melonport Announces Official Beta Release of Oyente Smart Contracts Analysis and Verification Tool

Blockchain powered asset management software, Melonport in partnership with Oyente announces the release of the smart contracts verification tool.

Melonport  Melonport AG in partnership with the Oyente development team is very proud to announce the beta release of Oyente, an open source

BUZ INVESTORS PRESS RELEASE  Melonport  Melonport AG in partnership with the Oyente development team is very proud to announce the beta release of Oyente, an open source analysis and formal verification tool for Ethereum smart contracts. Oyente can be used for any Ethereum smart contracting language (Solidity, Serpent, LLL, etc.), and its current iteration also has many features specifically geared towards Melon protocol module developers. An online version is available now at http://oyente.melonport.com/.

Reto Trinkler, CTO and Chairman of Melonport states,

“We are very pleased to see the development efforts of Oyente come to fruition. We believe analyzing disassembled opcodes from bytecode deployed to the blockchain and checking them against a set of properties is one of the most cost and time effective ways to reason about smart contract security to date. For the Melon protocol, this translates to a great open-source tool to help ensure quality and security standards in Melon modules.”

Explaining more about the product, Oyente project’s Lead Developer Loi Luu said,




 Melonport

 

“I am very happy to see the results of our academic efforts getting used in practice to bring value to the Ethereum community. Oyente can be used to detect many common bugs found in smart contacts like reentrancy, transaction ordering dependence and so on. What’s more interesting is that Oyente’s design is modularized, so this allows advanced users to implement and plug in their own detection logic to check self-defined properties in their contracts. I look forward to seeing more contributions from the community to make Oyente even more powerful and useful.”

The Oyente project started as an academic paper released by National University of Singapore Ph.D. student Luu and a group of his peers. After an initial open source release of Oyente covering ~80% of EVM opcodes, funding unfortunately depleted, and the maintenance of the Oyente project was put on hold. Following Melonport’s 2.5million CHF raise during a contribution period in February 2017, the Melonport team identified the potential of Oyente to greatly augment the Ethereum developer community’s ability to create safe and secure decentralized applications.

Specifically, the Melon protocol module ecosystem’s security and standardization can be greatly improved by usage of the tool. After an additional six months of hard work by the Oyente and Melonport developer teams, Oyente now covers 100% of EVM opcodes and had a plethora of other useful tools in the works such as ERC20 support. For more detailed information, please refer to our Oyente release blog post.

Mona El Isa, CEO of Melonport said,

“While formal verification is not a magical bullet for smart contract security, we’re very proud to be able to fund and share this open source symbolic execution tool with both our own module developers and the Ethereum community as a whole.”

Following this new release of Oyente, the developer team intends to continue adding new features to the tool, which may include functionality for the analysis of ERC20 and token contracts. For example, the team aims to detect if some function accidentally prints more tokens than expected in an ERC20 contract due to imprecise coding logic.

Learn more about Melonport at – https://melonport.com/

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Buz Investors TECHNICAL ANALYSIS GBPUSD hit a more than seven-week low during yesterday’s trading. At the moment, it is mostly unchanged from the day’s open while price movement has been lacking volatility as well.

TECHNICAL ANALYSIS – GBPUSD BEARISH OUTLOOK AFTER HITTING A MORE THAN SEVEN-WEEK LOW

TECHNICAL ANALYSIS – GBPUSD BEARISH OUTLOOK AFTER HITTING A MORE THAN SEVEN-WEEK LOW

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Buz Investors TECHNICAL ANALYSIS GBPUSD hit a more than seven-week low during yesterday’s trading. At the moment, it is mostly unchanged from the day’s open while price movement has been lacking volatility as well.

The RSI is currently bearish and well below the 50 neutral level at 34. The stochastics are also painting a negative short-term picture, as the %K line is in negative territory as well. Note though that %K is in oversold territory below the 20 mark. This could be a sign that an immediate-term upside movement for the pair is not to be ruled out.




 

OTHER STORIES BUZ TRADERS FOLLOW

TECHNICAL ANALYSIS

On the upside, the 1.22 handle could serve as a psychological barrier. A break above this level would eye another potential key level that held in the past, namely the 1.23 mark. Further upside moves are expected to meet resistance at the current level of the 50-day moving average (MA) at 1.2384.

On the downside, yesterday’s low of 1.2134 could provide support. Should it fail to hold, focus would shift to the mid-January thirty-two year low of 1.1986, which is expected to serve as an important support level.

Regarding the medium-term outlook, it is bearish as the price is below both the 50-and 200-day MAs and has been trending downwards since the latter part of February.

Overall, the short- and medium-term outlook is bearish.




major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




BUZ INVESTORS AUDUSD BULLISH AUDUSD is currently more or less unchanged from the day’s open. Yesterday it recorded a fifteen-week high of 0.7740.

TECHNICAL ANALYSIS – AUDUSD BULLISH IN THE NEAR-TERM AFTER HITTING A FIFTEEN-WEEK HIGH

TECHNICAL ANALYSIS – AUDUSD BULLISH IN THE NEAR-TERM AFTER HITTING A FIFTEEN-WEEK HIGH

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BUZ INVESTORS AUDUSD BULLISH AUDUSD is currently more or less unchanged from the day’s open. Yesterday it recorded a fifteen-week high of 0.7740.

Looking at the Ichimoku analysis, the positive alignment when the Tenkan-sen line (red) crossed the Kijun-sen (blue) in mid-January is still in place. This bullish short-term signal is reinforced by the RSI indicator, which is at currently at 64, well above the 50 neutral level.



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AUDUSD BULLISH

On the upside, yesterday’s high (0.7740) is expected to provide resistance. A successful break above it would eye the November 8 ten-month high of 0.7777 as another important resistance level. A break above this mark could potentially lead to a more sustained rally (especially if 0.78, a key level in the past, fails to hold as well).

On the downside, the current level of the Tenkan-sen at 0.7679 is likely to act as support (note that this is around a congested area in the recent past). If it is challenged and fails to hold, focus would shift to 0.7616, the point where Kijun-sen is at the moment, as another support level.

Looking at the medium-term outlook, the pair recorded a bearish cross on December 19 when the 50-day moving average (MA) moved below the 200-day one. However, the upward trend since late December that led to the price crossing above both MAs, combined with prices significantly above the cloud, are setting a neutral to bullish medium-term picture (a note of caution for an overextended rally though).

Overall, the short-term sentiment is bullish and the medium-term is neutral to bullish.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors EURGBP TESTS KEY RESISTANCE EURGBP has been neutral since mid-January and pivoting around the 50-day moving average and trading between 0.8455 and 0.8650. In the past week, the pair has been capped at the 50-day moving average,

TECHNICAL ANALYSIS – EURGBP TESTS KEY RESISTANCE AT 50-DAY MOVING AVERAGE

TECHNICAL ANALYSIS – EURGBP TESTS KEY RESISTANCE AT 50-DAY MOVING AVERAGE

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Buz Investors EURGBP TESTS KEY RESISTANCE EURGBP has been neutral since mid-January and pivoting around the 50-day moving average and trading between 0.8455 and 0.8650. In the past week, the pair has been capped at the 50-day moving average, which is providing resistance at 0.8540. This is giving a bearish bias in the near-term, as long as the market remains below this resistance level. RSI is below 50, indicating further downside in EURGBP is possible. MACD is below zero, also giving a bearish signal. Given this, a deeper fall in the market cannot be ruled out yet.




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EURGBP TESTS KEY RESISTANCE

Support comes in at 0.8455, which is defined by the 200-day moving average and this week’s low. A break below this support level would shift the bias to the downside to target 0.8304 (December 2016 low).Alternatively, if prices manage to clear the 50-day moving average resistance area, then there is scope to target 0.8650, which is an important resistance level that has been approached a few times in the past. Only a break above this level would shift the medium-term outlook from neutral to a more bullish one and target important resistance levels at 0.8765 and 0.8851.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors TECHNICAL ANALYSIS USDJPY is currently up from the day’s open, roughly recovering one-fifth of yesterday’s decline in price. Looking at the stochastics, the %K line is in bearish territory. Adding to this negative near-term signal is the fact that it (%K) has crossed below the slow %D line.

TECHNICAL ANALYSIS – USDJPY BEARISH TO NEUTRAL IN THE NEAR-TERM

TECHNICAL ANALYSIS – USDJPY BEARISH TO NEUTRAL IN THE NEAR-TERM

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Buz Investors TECHNICAL ANALYSIS USDJPY is currently up from the day’s open, roughly recovering one-fifth of yesterday’s decline in price.

Looking at the stochastics, the %K line is in bearish territory. Adding to this negative near-term signal is the fact that it (%K) has crossed below the slow %D line. The RSI indicator is theoretically bearish as well, but it is in close proximity to the 50 neutral level at 48. This perhaps indicates that the strength of this short-term bearish signal is not that strong.

 



Other Stories Buz Traders Follow

TECHNICAL ANALYSIS

The 23.6% Fibonacci retracement level at 114.49 (November 9 – December 15 upleg) is likely to provide some resistance to upside movements in price. Should the price break above it, next immediate resistance would likely come from the current level of the 50-day moving average (MA) at 115.07.

On the downside, the 38.2% Fibonacci at 111.94 is expected to act as support (note that the area just below -around 111.60- was recently tested and managed to hold). If the price moves further below, the 50% Fibonacci would come into scope as another support level.

In the medium-term picture, the pair recorded a bullish (golden) cross in early December when the 50-day MA moved above the 200-day one. However, the price moving below the 50-day MA is setting a more neutral outlook for the pair at the moment.

Overall, the short-term bias is bearish to neutral and the medium-term is neutral.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




TECHNICAL ANALYSIS – EURGBP NEAR-TERM BEARISH WITH THE STRENGTH OF THE SIGNAL UNDER QUESTION

TECHNICAL ANALYSIS – EURGBP NEAR-TERM BEARISH WITH THE STRENGTH OF THE SIGNAL UNDER QUESTION

 TECHNICAL ANALYSIS – EURGBP NEAR-TERM BEARISH WITH THE STRENGTH OF THE SIGNAL UNDER QUESTION

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Buz Investors TECHNICAL ANALYSIS EURGBP is currently up but little changed relative to yesterday’s close.

The short-term sentiment given by the RSI is negative as the indicator is currently at 46, below the 50 mark distinguishing positive from negative short-term bias. Adding to this, the MACD is slightly negative and below the red signal line. The fact that RSI and MACD are relatively close to 50 and 0 respectively is perhaps indicative that the bearish sentiment is not that strong and that mostly sideways movement in the near-term is also possible.



Other Stories Buz Traders Follow

TECHNICAL ANALYSIS

On the upside, the 50-day moving-average (MA), currently at 0.8535, comes into view as immediate resistance. A successful break above it would shift focus to a recently congested area, the one around the 0.86 level, as another resistance area.

On the downside, the late January 5-week low of 0.8470 is likely to provide support to down movements in price. Should it be breached, attention would focus to the 200-day MA, currently at 0.8449, as another support mark.

In the medium-term, the price falling below the 50-day MA sets a more neutral outlook for now.

To sum up, the short-term bias is bearish (with technical indicators close to their neutral levels though) and the medium-term is neutral.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Business BuzzWord Market analysis 12.15.16

BUSINESS BUZZWORD MARKET ANALYSIS 2.9.17

BUSINESS BUZZWORD MARKET ANALYSIS  2.9.17

A DAILY SOCIAL TRADING EVENT

Big cracks are developing in the ‘Trump portfolio’

MARKET ANALYSIS  2.9.17 A portfolio of so-called Trump trades has given back nearly a third of its gains since the election. And if President Donald Trump doesn’t begin implementing his proposed corporate tax cuts and financial industry deregulation, some trades dependent on his proposals could suffer further.

Such a hypothetical basket of trades, which is long financials and small caps (equally long the XLF, XLB and IWM) and short technology and gold (equally short the XLK and GLD), may have been a successful trade postelection, but has floundered recently.

Much of the political enthusiasm around Trump’s policies of fewer taxes and regulation and more fiscal spending has “waned,” and thus Trump trades have given up some gains since the election, said Boris Schlossberg, BK Asset Management’s managing director of foreign exchange strategy.

“None of those policy initiatives have been enacted; it’s been much more toward protectionism and toward anti-terrorism. And the market, I think, is losing patience, and that is why you’re seeing the whole Trump portfolio basket trade move off,” Schlossberg said Wednesday on CNBC’s “Trading Nation.”




MARKET ANALYSIS  2.9.17

Will Peter Thiel Push a Palantir IPO in 2017?

Buz Investors Palantir IPO It’s looking more and more like 2017 is going to be the year of the tech initial public offering (IPO). With Snap Inc. likely to go public in March, and rumors surrounding the tech giant Uber Technologies, Inc

 

THE WEED STOCK CHART POINTS TO HIGHER PRICE

Buz Investors WEED Stock Awaiting This new year began as a muted affair for Canopy Growth Corp(TSE:WEED) and other licensed marijuana producers, as the volatility and erratic trading action that became a staple of this sector ground down to a peaceful daze in recent weeks.

This lethargic trading action didn’t last long and, after Canopy Growth stock changed its ticker symbol to WEED stock, a new round of buyers stepped in to drive the price of Canopy Growth stock higher. On Monday alone, WEED stock ran up 10.55%, resembling the type of behavior that dominated the price action late last year

Take Two Interactive’s Quarterly Results Signal Gains for TTWO Stock

Buz Investors Take Two Interactive Software Inc (NASDAQ:TTWO) announced its fiscal third-quarter results on Tuesday, and TTWO earnings point towards a better future ahead.

ELON MUSK MAKES TESLA STOCK A COMPELLING ENERGY PLAY

Buz Investors TSLA Stock Gains Now that Tesla Motors Inc has officially changed its name to Tesla Inc (NASDAQ:TSLA), all attention seems to have shifted from the company’s vehicle division to its energy segment.

With enhanced clarity on Tesla Inc’s future direction, Tesla stock has been the biggest gainer over the last three months.

Three Top Cybersecurity Stocks for 2017

Buz Investors Cybersecurity in 2017 Tech investors tend to be optimistic (and sometimes naive) about the world. They see sunshine and rainbows in dark and dangerous places, which is both their greatest strength and their greatest weakness.

Positivity is an essential ingredient for building the future, but it can also be blinding. That’s where the top cybersecurity stocks for 2017 come into play.