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Please find below our Weekend Update of Bitcoin:
* Bitcoin is narrowed within the consolidation trading range between $7,700 and $8,500.
* Market forces are balanced out and the volatility is extremely low.
* RSI is very close to the oversold condition, but still neutral.
* It is better to wait until the price hits...
Hi, Traders !
Monfex is on the air !
This pattern of ETH/USD is definitely worth your attention:
* The price is wedged between two short-term trend lines and is right at the inflexion point of the Wedge.
* The correction of the Down Impulse may be coming to an end since the higher high on the price chart might not be supported by a decent bullish power.
*...
Hi, Traders !
Monfex is at your service !
Bitcoin is consolidating before the next impulse up. Watch our signal to be aware of how to react !
* The price has temporarily entered the consolidation area from the upside and seems to gaining more power before making a huge jump to well above $9,000.
* Bears have lost short-term momentum, so any positive trigger...
Hey, Monfex traders!
In this trade idea, we would like to share with you our best thoughts on where Bitcoin might go during the week ahead, based on our latest technical analysis!
So, without further ado, let’s get straight to the Best Trade Idea for the week ahead by Monfex!
All the major trend indicators signal that the BTC/USD price is growing. The trend...
Hello, dear Forex-trader !
Monfex provide this analysis special for You !
Simple Technical Analysis here:
Short from the resistance lines & levels and you will have profit with some money-risk managment.
MACD at intersection with MAs more in some bearish positions.
Active Trade Signal
- Target zone at 0,10060 - 0,09860
- Stop at 0,10690...
Monfex is at your service and today we overview ETH/BTC with ETH/USD.
What do you expect from Ethereum ?
ETH / BTC
It has recently touched the support line with a false breakdown of it, but this may be for us as a sign, a warning. RSI is overbought.
There is a strong level near 0.0180 and it is as our target for a short on the breakdown support line near ...
Hi, Traders!
During today’s trading session Bitcoin has shown an unexpected decline by 2.5% from $4,125 to $4,025. However, there are no technical indications of the trend reversal downwards. The medium-term trend for BTC/USD is still upward, and the price remains perfectly confined within the bounds of an ascending trend channel, as depicted on the chart above....
Hi there!
The medium-term trend for BTC/USD is strong UPWARD.
The price is perfectly confined by the trendlines of an ascending trend channel. In addition, there are numerous confirmatory signals from major technical indicators and chart patterns. So, technically, the medium-term trend is upward and there are no indications of a possible trend reversal.
In...
Based on signals, generated by the MACD oscillator, Bitcoin (BTC/USD) is currently in an UPTREND mode. The active signal is BUY.
At its core, MACD is a very powerful indicator, and provides good forecasting accuracy if used accurately.
In this Trade Idea I'd like to discuss the mechanics of the MACD and how it applies to the current situation on BTC/USD....
Hello, Traders!
Monfex is at your service and today we overview Bitcoin.
Now we see clear falling wedge inside this descending channel, and a triple bullish divergence by RSI that can push the price to the resistance zone and main trading volume range.
The resistance zone ~ $9000-9100
The support zone ~ $8665-8500
Supposed Trade Signal by BTC/USD
...
Hello, Traders!
Monfex is at your service and today we overview EUR/USD.
EURUSD has a bullish divergence by RSI and soon it will reach the 61.8% Fibonacci which is a good support level for bulls. Moreover, there was no rebound after start falling by double top pattern.
The resistance zone ~ 1.1064-1.1075
The support zone ~ 1.10-1.09935
Supposed Trade...
Hi, Traders ! Monfex is on the air !
Ethereum preserves tight correlation with Bitcoin and is set to climb above $200 soon.
* Ethereum has been following precisely Bitcoin’s price dynamic over the last several weeks. This correlation was easily visible when BTC had faced selling pressure lately,that forced the price down to $8,700.
* As you can see from the...
Hi, Traders ! Monfex is on the air !
Litecoin is about to take a Long shot in the direction of H4 ascending trend-line.
* Litecoin had failed in an attempt to break above the H4 trend-line, spiking at $66 - just below our projected target:
* Increased volatility on large volume hustled the price away, towards the Daily Support of $60.
* Around the Daily...
Hello, Traders!
Monfex is at your service and today we overview Gold.
If you still hasn't sold XAUUSD so maybe you have this chance when the price will be near the resistance line, level. XAU is going to test it.
The resistance zone ~ $1498-1500
The support zone ~ $1460-1462
Active Trade Signal by XAU/USD
Sell near $1475-1480
Take profit...
Hello, Traders!
Monfex is at your service and today we overview BTC/USD .
Recently, attention to Blockchain and Cryptocurrencies has increased significantly at the background of news from China. The President of China announced his support for blockchain technology.
After the false breakout of the important support level of $7800 , BTC grew more than ...
Hello, Traders!
Monfex is at your service and today we overview Bitcoin.
At this chart we see more bullish scenario how BTC realize a falling wedge pattern and fixed above the resistance line with consolidation between $9000-9700 and MA200 && MA100.
At the end of September, MA200 crossed the price and it seemed that the bear market was started, there could...
Hello, Traders!
Monfex is at your service and today we overview Bitcoin.
Bakkt cryptocurrency platform set its latest record - the trading volume of BTC futures on the site exceeded the value of $15million. Experts associated this event with increasing interest of institutional investors in the accumulation of cryptocurrency.
BTC/USD has a strong bullish...
Hi, Traders ! Monfex is on the air !
Ripple resides in an attractive position for the initiation of a Long trade.
* Ripple has approached the edge of the H4 contracting triangle pattern and currently the price of XRP is right on its ascending (support) trend-line.
* Last week, XRP had made a daring endeavour to break-out, but struggled to gain momentum above...
