Hello, Traders!
Monfex is at your service and today we overview XRP/USD logarithmic chart.
The price is near the resistance zone , under the middle line of the descending channel and MA100.
If bears will take the price under a key support level and fix it near the local support lines, then we should expect a further decline movement.
But if bulls will hold...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC .
Often Ripple is a leader in the number of transactions.
At this chart we see a large rising wedge and a double top inside that have already worked, a breakout has occurred and now the price is consolidating between key levels and MA100 MA200.
Stoch RSI is overbought and will soon begin...
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
There is a big bearish divergence by the RSI, which recently pushed the price to $0.25-0.26 . The price recovered afterwards and even updated the top. This divergence continues, which again can lead the price to the support zone, between the two support lines.
But locally, we also see a...
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ETH is getting ready for a new impulse Up, while BTC stays flat within the consolidation range.
* Ethereum price is backed by the ascending diagonal Support line, with every new Low higher then the previous, signalling of the strong bullish presence on the underside. Based on this pattern, we can expect ETH to continue...
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BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform.
* The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also...
Hello, Traders!
Monfex is at your service and today we overview XLM/USD log scale.
By breakout the first resistance line, Stellar will begin to target to the second, MA200, zone of resistance.
RSI is also movng to the overbought zone.
XLM will upgrade Q4 Protocol to the end of this year.
The resistance zone ~ $0.875
The local support zone ~ $0.65
...
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Another flash crash that occurred on the Coinbase Pro and Deribit exchanges pinned BTC prices slightly down.
* On October 31, 2019, BTC speculators witnessed a flash crash on Deribit, a futures and options exchange for BTC. Futures prices slumped from $9,150 to $7,720 and then bounced back to above $9,000 within a couple of...
Hello, Traders!
Monfex is at your service and today we overview ETH/USD .
Ethereum in the ascending channel and triangle under the resistance zone. MA50 - like resistance, MA100 & MA200 - supports.
ETH/USD also has a bullish divergence by RSI.
By breakout of the support line is expected to decline to the support zone.
By breakout of the resistance zone is...
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The Bears prevent EOS from rising above $3.40 - $3.50. Strongest Resistance!
* In the meanwhile, EOS remains the top crypto in the 14th Chinese updated Crypto Ranking published by the China's CCID Research Institute. The Ranking features 35 coins and gives each Blockchain project a separate score based on its...
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Ripple is in the Down Mode on H4 / inside the large contracting triangle.
* The bullish denial is observed on the upper band of the triangle as the price has formed up a minor double top around $0.31 level.
* On 1D time-frame, the price is hanging around the 21 Daily EMA and, as of now, is very close to breaking it down.
*...
Hello, Traders!
Monfex is at your service and today we overview Bitcoin .
BTC in a small falling wedge near the local support zone and resistance line. Now we see bullish divergence by RSI and can expect some growth to the local resistance zone . Also the price met with MA50 at the support and rebound from it.
Will the price break the resistance line or bounce...
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We estimate there is a high EUR potential to break-out of the wedge/long-term descending trend channel in the short-term.
* EURUSD keeps trading inside the descending trend channel/wedge, but the price is lining up for an upward break-out.
* The pair shows a very promising dynamic - steadily holding above the 21 Daily...
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The stop-loss level was hit on Ethereum, but the price has quickly reversed down from the Resistance Area.
* The third attempt of the Bulls to drag the price through and out of the Resistance area has failed.
* On H4 timeframe, our stop-loss level of $191 was triggered, but the price action down had instantly followed - so...
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Ethereum has demonstrated its strength above $180 level despite a Double Top pattern formed on H4.
* The price of ETH is still below the Resistance area, but keeps equilibrium as market forces have found a temporary balance.
* On H4 Chart, the price has shaped out the third top - just under the Resistance, but the higher...
Hello, Traders!
Monfex is at your service and today we overview Twitter.
Twitter reported revenue and profit in the third quarter below forecasts, explaining this by problems with advertising, as well as unusually low demand during the summer.
TWTR in a little descending channel and a large gap of -10%+ that has a pattern of fill, so we can expect some rise...
Hi, dear Traders and Investors !
Monfex is at your service and today we overview ETH/BTC logarithmic chart analysis.
For almost a year we have been seeing a downtrend by ETH/BTC. But when will the altcoin season start ?
On many coins, there is a strong bullish divergence by RSI on the daily charts and we can safely assume that Altcoins are not far from...
Hello, dear Traders!
Monfex is at your service and today we overview BCH/BTC.
After the price had plummeted to the support line, a triangle formed. Near the triangle's resistance we have MA50 , the breakdown of which will be a confirmation of a bullish scenario to the next green resistance zones.
But there can also be an another script. By breakout the support...
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We keep watching Bitcoin's price action inside the contracting triangle with the aim to trade a break-out.
* Bitcoin's price extends within the H1 contracting triangle formation, backed up by the strong Support of $9,300.
* The Trading Mode occurring within the tightest range of some 100 b.p. is approaching the edge of...
