Markets Update: Broken Trendlines and Bullish Bounces - by Samuel Haig

[nandibear]

Markets Update: Broken Trendlines and Bullish Bounces
news.bitcoin.com
by Samuel Haig
April 18, 2018

Excerpt:

The cryptocurrency markets have shown early signs of a bullish momentum shift following several months of heavy selling pressure. After losing upwards of 75% to 85% and forming ‘adam-and-eve’ style double bottoms, many leading cryptocurrency markets have produced significant bounces over the course of the last fortnight. The markets now appear poised in ‘open air’ – with either a retest of recently broken descending trendlines or further bullish momentum toward 23.6% retracement areas comprising the likely next moves for price of leading cryptocurrencies.

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Read entire article: news.bitcoin.com/markets-update-broken-trendlines-bullish-bounces/

[Catherine Davis]

CRYPTO HEADLINES — April 18, 2018
1. China’s Telecom Giant Huawei Launches Blockchain-As-A-Service Platform
Chinese telecommunications giant Huawei revealed its latest Hyperledger-fuelled Blockchainoffering at a conference in Shenzhen Tuesday, April 17. The Blockchain-as-a-Service (BaaS) tool, which comes a month after the release of Huawei and Hyperledger’s joint project Caliper, will be known as the decidedly low-key “Blockchain Service.” Read more at CoinTelegraph
2. Cambridge Analytica Planned ICO Before Facebook Controversy
Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse of Facebook Inc (FB.O) personal data. rces said. The firm was looking to raise as much as $30 million. Read more at Reuters.
3. NASA Researches Ethereum Blockchain Tech for Deep Space Exploration
A research project funded and co-run by NASA is looking to leverage the Ethereum blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris. In developments that could potentially have significant implications for deep space probes, NASA is putting resources behind a research project that fundamentally envisions the use of blockchain technology to enhance and make space communications and navigation more efficient and safer. Read more at CCN.