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Top 5 Coins With Best Performance During ConsolidationIt was a great rally across many cryptocurrencies during the past months. There was a huge growth by some coins, gaining x10, x20, x30 or more, where most cryptocurrency traders were profiting disregarding the coin of their choice. However, there are always times of consolidation or a correction. And this time is now. The cryptomarket is not stagnating, which means that the coin either consolidating or correcting downwards.  But it does not happen to all coins because some will be always better than others and in the idea you can see the top 5 coins that had produced the biggest gains during January consolidation period.
COINBASE:BTCUSD
by CryptoPAMM
2
NavCoin To Form Double Top?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 just before the last wave up. Second is the downtrend trendline and third is the 3/1 Gann Fan trendline. The support is strong and should result in at least one wave up towards the previous high at 33.8k satoshi. On the downside, only a daily break and close below 22.7k level could result in further correction down.
NLong
by CryptoPAMM
1
SPAR GROUP INC- Top GainerSPAR has been on a 'sprint' lately giving itself a lot of upwards momentum in such a short period of time, meanwhile not having a strong balance from the previous chart patterns. What I am trying to say is that the position that SPAR is holding on to right now is a very weak position, much like Aquabounty which I also wrote about. SPAR may not fall down as drastically as Aquabounty but it will surely win itself a spot in the top losers sometime soon, but the action will not stop there. There will DEFINETELY be another run in this same quarter ((or maybe at the worst in the very beginning of next quarter)) where SPAR will go on another run where right after it will become the top loser.
NASDAQ:SGRP
by AlbanSako
ETHUSD has formed a distribution topThe pattern at the top is a classical three drive distribution top formation. The double top to the left seems to be the top, but the market maker to drive through that formation one more time to sell their holdings to the short sellers who are covered at the high and the unsuspected speculators who are chasing the high. After it broke down from the third leg, the price has encountered heavy distribution when it tried to trade back to the ICT bearish order block. This has signified to me that the bull trend is over for now. Until the traders are trapped at the highs are washed out, we are going to see price being capped below 1300. I would be interested in selling the retest of another, smaller, ICT bearish order blocks when it retraces higher.
BITSTAMP:ETHUSDShort
by chenb1981
VertCoin Back To Previous High?On the 6th of December VertCoin established an all-time high against USD, hitting $10.7 price. After that, a corrective wave down follow where the price dropped down to $6, and consolidation has begun. During the past month, VTC/USD has been trading within that range, without showing much weakness nor strength. Although on the 2nd of January price broke above the descending channel, 200 Moving Average and the resistance at $6.8. It seems that VertCoin could be getting higher once again, although it is unclear whether it will be the final wave up before the correction, or a continuation of the uptrend.  The key resistance is at $10.4 where 361.8% Fibonacci retracement applied to the corrective wave down after the resistance breakout. It could happen that VertCoin will produce a double top near the $10 psychological resistance, which is the key resistance area at this point. Break above, or a rejection should provide more clues about the further direction. On a downside note, break below $5.5 support should invalidate bullish outlook.
VLong
by CryptoPAMM
6
RIPPLE (XRP) / DOLLAR ($) Good buy in! You gotta love the ripple graph! It s just gorgeous! My call is to buy right nou, last days we saw very often fluctuation in XRP / $ also in BTC / XRP. But dont freak out ! Cause Ripple got under control this! And we ll soon see a strong bullish. Too much hype on the first week of the year on altcoins kinda altereted the normal graph of evolution, much money in - much more out ! I can call this coin both SHORT and LONG TERM INVESTMENT! Short term 10-25 % in 1-3 days Long term TO THE MOON
BITSTAMP:XRPUSDShort
by tudor26
4
CBRL Broadening Top and Upcoming Dividend! (Price target: ~$176)The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore usually has bearish implications. In this case, however, we see a strong up-trend with an Average Directional Index just shy of the 25 mark. Set limit order above market price to be sure we are looking at a bull broadening top, or for added risk buy the retracement when RSI corrects below 70. For best results take 50% position at each. Consider stop-loss below breakout price. Added confidence from the fact that Cracker Barrel is recording a $1.20/share dividend on Jan 11th, issued on Feb 5th. Dividend hunters could help drive this trend up. CBRL reports earnings 02/20 BMO and Estimize revenue expectations are 0.77% higher than Wall Street's. Follow me on Twitter: twitter.com
NASDAQ:CBRLLong
by JosiahTullis
Qtum VS Bitcoin Rising To Form Double Top?Qtum managed to break above the descending channel and 200 Moving Average suggesting that is it ready to continue trending upwards. QTUM/BTC producing higher highs and higher lows while trading within the ascending channel. The overall trend is definitely bullish and Qtum should be moving higher to test 227.2% Fibonacci retracement level applied to the corrective wave after the descending channel breakout. This resistance is based at btc 0.0056 which is very close to the previously formed top in August last year. The btc 0.0056 is the very first strong resistance for Qtum and it would be interesting to see the price action around this level, which should provide more clues about the further direction of QTUM/BTC. At this point, Qtum could continue trading within the ascending channel and could even move back to test the 38.2% Fibonacci support, which in fact has been already rejected. In the worst case scenario price could drop towards the 200 Moving Average, but only break below it should invalidate bullish outlook.
QLong
by CryptoPAMM
14