Hi, Traders ! Monfex is on the air !
The Litecoin network’s hash rate has dropped 60 percent since its halving.
* The Litecoin network is getting less secured too fast. After the new coins mined on August 5 was cut in half, the network’s hash rate - computing power that covers the network from assault - has fallen, likewise.
* Technically, LTC has hit against...
Hello, Traders!
Monfex is at your service and today we overview Facebook.
Many shares of large, technology companies are reaching new records either near their previous peaks.
Facebook hit the whole world this year with its intentions to conquer the financial sector with the Libra . And met with disapproval and criticism from the regulatory side. Now under...
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Please find below our multi-chart (1D/1H) update on Bitcoin's price dynamic.
* Bitcoin's market forces have found a solid equilibrium around an important $9,300 level.
* The price resides at the key point of determination: either the Bulls will push it off $9,300 and sweep it up to the mid-term target of $12,000 or the...
Hello, dear Traders!
Monfex is at your service and today we overview XRP/USD .
XRP is in a bullish mood. The price is near the resistance zone, under the line and MA 200. The key support level together with MA100 should be considered as a buy point, and the key level of resistance should be taken as a mid-term goal of bulls.
But if bears will take the price...
Hello, dear Traders!
Monfex is at your service and today we overview MSFT.
Microsoft's report exceeded analysts expectations. Since the company's forecast for cloud services was higher than expected.
A Flat top triangle pattern is here, the price near resistance zone by breakout of which will be a stong signal to buy.
Another side: a bearish divergence by RSI...
Hi, Traders ! Monfex is on the air !
Bitcoin protracts sideways inside the embedded contracting triangle formed on H1 & H4.
* In our previous review, we issued a Sell signal for BTC based on the Double Top pattern formed on H4:
* However, the level of $9,300 remains sufficiently strong and currently we observe a struggle between Bulls and Bears in a very...
Hello, Traders!
Monfex is at your service and today we overview EOS/USD .
Latest news:
The blockchain company Block.One, which developed the EOS protocol, agreed to pay a $ 24 million fine imposed by the court on charges of SEC of unregistered securities trading during the ICO organized by Block.One in 2017-2018.
Against this background, the price of EOS...
Hi, Traders ! Monfex is on the air !
Bitcoin demonstrated nothing short of a roller-coaster week: the motions were too fast for the eyes of crypto market players to follow.
* At first, the price of Bitcoin slumped to a five-month low of around $7,000, making the majority of market participants think that the drop would likely continue and we could soon see...
Hello, Traders!
Monfex is at your service and today we overview BTC/USD.
Bitcoin unexpectedly grew 15% + and thereby formed a bearish divergence on the chart and met with resistance ~$8800 . Wait some rebound and consolidation at the level of $ 8100-8300 , which is the immediate goal.
This is not very similar to a reversal formation, rather intimidation of...
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Binance Coin (BNB) could be a perfect candidate for a fast pump.
* Binance Coin (BNB) is a utility token that has a deflationary design through buybacks and token-burning events. Its early success and innovative design led others to create similar tokens.
* Looking at 1D chart, we can see that Binance Coin has escaped out of...
Hi, Traders ! Monfex is on the air !
Let's take a closer look at price action of Bitcoin currently unfolding on H1 timeframe.
* Overall, we expect the two options of the price development before the next move down:
1. Extended consolidation by a few additional H1 candles and then drop from the edge of the contracting triangle: $7,450 - $7,500.
2. The price...
Hello, Traders!
Monfex is at your service and today we overview BTC/USDT .
Classic behavior for this flag pattern and we have the target of $ 6900 - 6750 zone. But we can see by RSI a bullish divergence that can push this price to the resistance zone and from it will be supposed a good moment to short!
The resistance zone ~ $ 7730 - 7800
Supposed ...
Hello, Traders!
Monfex is at your service and today we overview BTC/USD .
What do we have by Bitcoin Weekly Chart Analysis ?
Movements in a range of ~ $ 8800 - 7800 . Price lay on MA100 and it's a good support by breakout of which we can take the target of ~ $ 6000 , also there will be MA200 if it happens or can be bounce up to ~ $ 9000 where BTC has...
Hi, Traders ! Monfex is on the air !
Litecoin broke through the important short-term support around $51.20 and headed South.
* Despite we had a short-term (scalp) signal on 1H timeframe earlier today, the widespread fall in major cryptos shake out and caught market players flatfooted.
* After the price broke through the short-term support of $51.20, the South...
Hi, Traders ! Monfex is on the air !
Bitcoin boosts the price action within the expanding triangle and could soon touch its upper bound at $9,000 - $9,300.
* Bitcoin resides just under the 21EMA, breaking above which opens prospects to the expected target level of $9,000 - $9,300.
* The upper band of the recent formation - an expanding triangle - is accurately...
Hello, dear stock Trader!
Monfex is at your service and today we overview Apple.
AAPL broke the strong resistance level - All-Time High , has already tested it locally and going to the 127% Fibonacci level. But we have on many indicators the strong bearish divergence and is sign that near $ 250-255 we will can suggest a sell position to the support zone of...
Hello, Traders!
Monfex is at your service and today we overview Bitcoin Dominance .
The domination is near the strong resistance line and MA100 and most likely this week we will see a rebound down to the zone of intersection the middle line of the large ascending channel with the bottom line of the falling wedge from which this percents can go up.
Summarize ...
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
What do you expect from Ripple?
Curent price ~$0.257
It is moving in the falling wedge and now near support - buy - accumulation zone. Also XRP has by Stoch RSI two bullish div and going to leave the oversold zone. So we have asume that soon will be good positive movement on this chart!...
