Following the previous idea on Iota VS Bitcoin , it went higher as expected breaking above the descending channel. But the question is how far more it'll go? After breaking above the channel IOT/BTC corrected down to 71k satoshi and almost immediately went up to 448k satoshi. Fibonacci applied to the corrective wave after the breakout shows that price broke the...
Synereo (AMP) found the support at 17k satoshi and went up breaking above the 200 Moving Average. What is more important is that AMP/BTC has also broke above a very strong resistance at 6770 sats, that previously acted as a support as well as resistance, but today price managed to clearly close above that level, not to mention that the uptrend trendline has been...
Following the previous idea on Monaco Coin , it broke above the range zone, that was between $5 and $10. After breaking above $10 major resistance area price reached $19 and corrected back to the $10 support that has been rejected. MCO/USD continued to trading within the $10-20 range where $10 was rejected twice. At the same time Monaco Coin continues to trade...
Following the previous ide on Namecoin , it has reached the upside target at $5, corrected back and then went up to $8.4, breaking the resistance. The corrective wave down followed where price corrected back to the previous resistance area near $5. This could be a potential starting point for the next wave up that could reach $10 mark that is confirmed by two...
USDSEK To open LONG positions for USDSEK , it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the upside but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal is...
Following the previous idea on Ionomy , it has reached the upside target at $3 and broke above it, reaching the $5 high. Then price corrected sharply down to the previous resistance at $2, which now is acting as a support. At the same time, ION/USD is testing the uptrend trendline and the 200 Moving Average. This is indeed a very strong support for Ionomy which...
PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi. On a corrective wave down it rejected the previous resistance at 7600sat, that has been...
NavCoin is clearly trending upwards while printing higher lows and higher highs. NAV/BTC gained 300% over Bitcoin in just under a week, rising from 8.6k up to 33.8k satoshi. The corrective wave down followed, and the price dropped to the 22.7k satoshi. This is the key support for NavCoin as multiple supports were rejected. First is the previous low established...
Lumen continues trending upwards while producing higher highs and higher lows. On the last wave up it produced an all-time high, hitting $0.97 and breaking above the 427.2% Fibonacci resistance level applied to the last wave where 200 Moving Average was rejected. Following corrective wave down resulted in the 60% decline and price went as low as $0.4, where 200...
Gulden found the bottom at 500 satoshi and started to move higher breaking above the 200 Moving Average. After the breakout price corrected back and rejected both the 200 MA and the uptrend trendline. The next wave up followed and NLG/BTC broke above the descending channel suggesting the uptrend has started. Considering that the price was rising sharply it is...
ByteBall has been trending downwards since July 2017 and was stopped at BTC 0.012 after it lost almost 100% to Bitcoin. The RSI indicator formed a bullish divergence and from BTC 0.012 support GBYTE/BTC started to rise and broke an extremely strong resistance at BTC 0.04. The corrective wave followed and the previous resistance at 0.04 has been acting as a...
Incent has been ranging for an extended period of time although recently it has shown good performance while rising from $0.05 up to $1. Price established an all-time new high and it seems that the upside momentum is just getting stronger. INCNT/USD broke above the 227.2% Fibonacci resistance and continues to trade above the 200 Moving Average. With the higher...
The zone between $1.191 and $1.19 is an area where there will likely be some strong buy orders. I will be looking to get long in that area and ride out a short-term up move toward the $1.1935-1.195. There is no major economic news to look out for until Thursday 1/11/18 when the EU GDP figure is released.
Stratis has been in a heavy uptrend since the beginning of November and from $2 it has grown up to $22, gaining almost 900%. Indeed its a huge growth but it seems that Stratis is not done yet and there could be more gains to collect. After reaching $22 all-time high price went back to $19, where it found the support confirmed by the 161.8% Fibonacci retracement...
Following the previous idea on Monero VS Bitcoin , it hit the upside target at btc 0.22 and went higher up to btc 0.029. Although price corrected back to the previous resistance which is now acting as a support. This price seems a good entry point for a short-term trend up. The next strong resistance is located very close to the btc 0.03 psychological round...
ParkByte found the support at 5k satoshi after which it started to move higher, breaking above the downtrend trendline and the 200 Moving Average, reaching 11k satoshi. On a corrective wave down, PKB/BTC rejected the 200 Moving Average which is now acting as a strong support. Such price action suggests that the uptrend could be just around the corner especially...
Following the previous idea on Komodo , it has reached the upside target at $7 and broke higher reaching the $14.4 high. The corrective wave down followed while price rejected the support 727.2% Fibonacci, that is $7.1. Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7....
ParkByte has been trending upwards since it tested the low at $0.08 on the 11th of July. Price broke the 200 Moving Average and continues to trade above it. PKB/USD at the same time has been trading within the ascending channel, but on the 25th of December managed to close above, signaling that the uptrend could accelerate. The buying opportunity is there and...