• Verge has a bearish short-term bias, with the cryptocurrency trading well below its 200-period moving average on the four-hour time frame
• The four-hour time frame continues to show a large inverted head and shoulders pattern
• The daily time frame is still showing that the XVG / USD pair remains trapped within a large horizontal price channel

Verge has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.

• Chainlink has a bullish short-term bias, with the LINK / USD pair recovering above its 200-period moving average on the four-hour time frame
• The four-hour time frame is now showing a valid head and shoulders pattern
• The daily time frame is showing that bulls have invalidated a large head and shoulders pattern

Chainlink launched its mainnet on May 31st. Although its price declined soon after the launch, fundamentally LINK remains strong.

• Ethereum has a neutral short-term trading bias, with the ETH / USD pair approaching its 200-period moving average on the four-hour time frame
• The four-hour time frame is currently showing a valid head and shoulders pattern
• The ETH / USD pair has now moved below key neckline support on the daily time frame

Ethereum has a neutral short-term trading bias, with the cryptocurrency falling back towards its 200-period moving average on the four-hour time frame.

The IEO arms race is getting tighter: Bittrex International has just announced its next initial exchange offering, the Standard Tokenization Protocol. The continuing popularity of the crowdfunding model across multiple exchanges is proving to be a significant source of new capital for the cryptocurrency industry.

Cryptocurrency markets experienced a significant downturn last night, losing $20bn of total capitalization in a little over two hours. Bitcoin (BTC) prices fell by more than $600, falling below the psychological $8,000 boundary.

Machines are taking everyone’s jobs these days. From delivering your packages to driving you home, computers seem to do everything more efficiently. And with the latest advances in artificial intelligence, they’re even better at trading crypto.

The SEC might have a ‘Crypto Mom,’ but this parent knows how to get tough. The Securities and Exchange Commission has announced a suit against Kik Interactive for the “illegal” sale of unregistered securities.

In a 2017 initial coin offering, Kik raised $100M to develop a new cross-platform digital currency for social media applications. Investors were rewarded in KIN tokens, which would be the intended currency of the new social networking platform. 

Bitcoin tumbled overnight, dropping around fourteen percent within a few hours from around $8,500 to $7,700. With it fell the wider crypto market, as altcoins joined in on the freefall.

• Litecoin has a bullish short-term trading bias, with cryptocurrency still trading above its 200-period moving average on the four-hour time frame
• The four-hour time frame is showing that the LTC / USD pair is testing back towards key neckline support
• The daily time frame continues to show that a valid bullish breakout is still underway

Litecoin still has a bullish short-term trading outlook, with the LTC / USD pair continuing to trade above its 200-period moving average on the four-hour time frame.

• Zilliqa has a bullish short-term trading bias, with the cryptocurrency still well supported on any moves lower
• The ZIL / USD pair has a bullish medium-term outlook with cryptocurrency still trading above its 200-day moving average
• The daily time frame is showing that price remains trapped within a horizontal price channel

Zilliqa has a bullish short-term outlook, with the cryptocurrency still trading well above its 200-period moving average on the four-hour time frame.