Hello, Traders! Monfex is at your service and today we overview BTC/USD. Everyone is waiting for the breakdown of the resistance line, but we are still under it and on the weekly chart we can see how the price met with MA20. In both charts, the bullish formations of the flag and the pennant are also clearly visible. By breakout the last support zone of this...
Hello, Traders! Monfex is at your service and today we overview ETH/USD . By breakout the local key level - the price will target the middle zone of the descending channel. Mid-term trend still bearish and ETH in the price range between key levels. Breakout of which will define the trend. RSI is going to the oversold zone at 1D chart analysis. The key...
Hi, Traders ! Monfex is on the air ! Litecoin stepped down to test from above the $60 broken high of the 9th of October. * Litecoin (LTC) has been demonstrating a poor price dynamic over the past few months, compared to the rest of the market. * But the Bulls have become active in the end of October, after breaking above most of the daily resistances. * LTC...
Hi, Traders ! Monfex is on the air ! * According to a new report from SFOX, a crypto trading platform, the impact of whale traders on crypto markets is in evidence. Whales are individuals and organizations with large crypto holdings. * The report reads upon an interview with Frank Weert, co-founder of Whale Alert, a site that keeps track of wallet crypto...
Hello, Traders! Monfex is at your service and today we overview USD/JPY . First bullish scenario: USDJPY will break the resistance zone and close 12H candle above it, with fix. Then return to the ex-resistance zone for test and it will be the best moment for a long position. We have a small gap zone that is need to be filed. Second bearish scenario: USDJPY...
Hello, Traders! Monfex is at your service and today we overview XRP/USD . On the chart, we see two large channels (ascending) that set the PPP trend up. Locally, it is located in a small downward channel. The first scenario: there is a support zone where the support line of one of the channels ~ $ 0.15 - 0.20 also crosses, from which an impulsive push up to...
Hello, Traders! Monfex is at your service and today we overview XRP/USD . The small bullish with big bearish divergences by RSI played well. So the price had gone up from the triangle to the local resistance and bounced to the buy-support zone. Now RSI almost in oversold zone. MA100 && MA200 support the bulls. But if bears will take the price under a...
Hi, Traders ! Monfex is on the air ! NEO looks like a very attractive Buy in a mid-term horizon. * NEO is the 18th largest digital asset with the current market value of 766 million and an average daily trading volume of $440 million. * NEO spiked at almost $13.40 on 28/10 and then noticeably retreated to as low as $10 level. * After that, the coin has been...
Hi, Traders ! Monfex is on the air ! EOS Bulls have broken through the Resistance at $3.40; now the price is retesting this level from above. * EOS seems to be losing traction after a short bullish run to as high as $3.70 level. * At that point of reversal, the price has faced with the upper band of the mid-term descending trend channel. * It is now...
Hello, Traders! Monfex is at your service and today we overview EUR/USD . EUR/USD broke the support, trend line with a double-top pattern. Now at the support zone, 38.2% Fibonacci. The target is 61.8%. In short-term expect some rebound to 23.6% with a local bullish divergence. The resistance zone ~ 1.11745 The local resistance zone ~ 1.11095 The key...
Hello, Traders! Monfex is at your service and today we overview ETH/USD . There are several classic trading strategies: trade by breakout of key levels and buy/sell from supports/resistances. Mid-term ETH in an uptrend, we see a triangle formation after a impulsed upward movement. The peak of the impulse has reached its resistance zone. Locally ETH has a...
Hi, Traders ! Monfex is on the air ! WTI Oil Bulls are taking on fresh attack on 200 Daily EMA - at around $57. * The Bulls remain in control over WTI prices, taking actions to break through 200 Daily EMA. * Monday's Doji (bearish) candle with long upper shadow was immediately engulfed by the next day's price action. * Break and close above $57 would be the...
Hello, Traders! Monfex is at your service and today we overview BCH/USD , LTC/USD , EOS/USD . Good ascending movement we can see at this charts , but we need to note the bearish divergence by RSI by all of this cryptocurrencies. Assume that they will reach their target blue line and test the ex-resistances. Share your thoughts, ideas about the market under...
Hi, Traders ! Monfex is on the air ! Ethereum price is currently inside the Key Resistance area! But the upward move could keep up! * The price of Ethereum has eventually hit our 'Long' target at the Key resistance area = $190 - $195. * Now, we observe a bullish rejection pattern at this level, where H4 red Doji candle was followed by a bullish engulfment. *...
Hello, Traders! Monfex is at your service and today we overview LTC/USD . The Litecoin team discussed the prospects for cryptocurrency after increasing privacy through the introduction of MimbleWimble technology. Despite all the risks, the creator of LTC Charlie Lee is still ready to finance the work. Litecoin brokeout the triangle, tested the ex-resistance...
Hi, Traders ! Monfex is on the air ! Bitcoin Cash stays on the track towards the next target level of $350. * We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks. * As BCH network halvening approaches, many of market participants expect the price of BCH to surge,...
Hi, Traders ! Monfex is on the air ! Ethereum is most likely to continue consolidation, alongside Bitcoin. * Yesterday, Ethereum showed a decent rise towards the Key Resistance Area. Along with that, our projected target level of $190 - $195 was almost hit on yesterday's session, but ETH faced increased downwards pressure, tracing a wick on 1H Doji candle -...
Hi, Traders ! Monfex is at your service ! Bitcoin leaves behind Gold while demonstrating double-digit gains in October. * Bitcoin ended up October with a 10.26% gain, marking a three-month losing streak. At the same time, Gold gained just 2.74% in the same month, but previously dropping 3.17% in September – its largest monthly decline since June 2018. *...