Dojistar2017

Dojistar2017

The pair had a nice run up since the beginning op April but seems to have hit some resistance now; The area where bulls and bears fought for control last year (triangle) can cause some 2018 bulls to even up in this area. Most significant is the doji posted last week; Mostly this will precede a time of rest or some corrective action. With the RSI indicator at...

Dojistar2017

The market is in a consolidation mode after bulls set a higher low. This can be a good thing and could continue short-term. The Bollinger Bands are tightening and the RSI around the 50 mark could again see a better move after this is done. Watch 0.5230 for resistance while the last dip saw support around 0.4450. 0.4000/0.3800 is the key- support however. Above...

Dojistar2017

The 0.4000/0.3800 area attracted fresh buying and after breaking a short-term downtrendline the market jumped up. Currently the Bollinger Band midline is seeing some resistance however just below 0.5000. A higher low is good news for bulls but in order to keep advantage they will have to produce a higher high also (over 0.8000) to confirm a bullish trend. For...

Dojistar2017

The fall below an upward sloping line is triggering some selling in this crypto but market is now facing an area where renewed buying interest can be expected, mostly between 0.4000 and 0.3800. Bulls could use this slide to set a higher low; signs would be to see market recover losses toward the end of the day. If they fail from here, another push toward 0.3800...

Dojistar2017

The August high just below 0.02800 was tested and saw some profits being taken. This is the better resistance for now and may need some work; also the coin spend the session outside the Bollinger Bands so after the previous strong session readings may have to neutralise. One could be looking at the top end of the recent sideways trading range but the positive...

Dojistar2017

The market continues digesting recent gains which implies a resumtion north later. But when? Watch the market when the RSI hits 50 and Bollinger Bands have tightened further. For now watch the Bollinger midline around 0.4900 for first better support. Likely to see this coin hanging around between this support and 0.6250 for now.

Dojistar2017

Since May this coin has been in a clear bearish trend with lower highs and lows and is still caught in a wider bear-channel. Also here Bollinger Bands are tight and once may see a short-term decision soon. Pay special attention to the 240/255 resistance zone; above there an inverted head and shoulders pattern is triggered implying a rise to 345. But one has to...

Dojistar2017

Market had a quiet month and perhaps crypto traders have to get used to the fact that in general market trade sideways for 80% of the time :-) However, indicators are very neutral now and with the tight Bollinger Bands and triangle extremes closing in one might suspect a better move coming up; watch the 6825/6840 resistance and 6380/6280 support zones; moves...

Dojistar2017

A larger upper shadow yesterday and some weakness today shows 0.6250 resistance is still valid for now. Market is likely to show some more sideways trading, possibly between 0.5550 and 0.6250 to allow indicators to cool off. For the medium term this is a healthy scenario. For now one might see a test toward that 0.5550 support, below 0.4850 is possible. Nice for...

Dojistar2017

On the weekly chart this market lloks to have broken outside a bullish flag formation and is trying to settle at new highs. Ideally, bulls should try and transform the 80.00 level (previous resistance) into support on setbacks. 85.00 is a likely short-term target in this case, the top end of the newly drawn bullchannel, but also a calculated goal of the...

Dojistar2017

The market did find a higher low, a bit earlier then expected but this shows there is strength in the market. The current pattern looks like a triangle, a continuation pattern but with the pretty wide Bollinger Bands one may suspect some more consolidative trading between roughly 0.4000 and 0.6000. Most likely market will continue north after such action.

Dojistar2017

After a sharp turn north some correctional action is inevitable. Just what we see now. Most likely this crypto has more room to the upside and is currently in the process of searching for a higher low. An ideal candidate would be the Bollinger Bands midline, today around 0.3550 but moving up each day. The 78.6% Fibonacci is seen at 0.3820 and horizontal support...

Dojistar2017

A break above the downtrendline with very high volume sets the stage for more to come, especially as the market also showed a higher low in a broader sense (see arrows). Thus, risk reward for a long position is pretty attractive. In a broader view, there is good room north if bulls are able to build on this move. For now watch for some shor-term resistance at the...

Dojistar2017

After market rose to the top end of the wider bearchannel market set a lower high and is currently testing a slight upward sloping line for support, around 4.60. Logically this should give way to continue the overall bearish pattern; If so, risk extends to 2.50, the low end of the bearchannel and a projected target. Wise to keep watching action around that 4.60...

Dojistar2017

Not a pretty picture after market tried to recover late August; the market came close again to the latest low around 0.01600 but is again trying to recover. Question is if bulls are able to follow up on the slightly higher low (two arrows). A confirmation is seen if a higher high is produced, i.e. a move above 0.027878. Only then a shift in momentum is...

Dojistar2017

The market has changed it's tune short-term and broke the pattern of lower highs and lows. Still, the market sees itself testing the top end of a medium term bearchannel where a larger doji star implies difficulties in the stronger 79.50/80.50 resistance zone. Previous resistance just below 76.00 (2nd red arrow) sees some support on dips, while the Bollinger...

Dojistar2017

A higher low was needed after the hammer I mentioned in the previous analyses. The higher low came and now bulls got a downtrendline break. Also, The Bollinger Bands are widening. Ingredients for this move north to continue for now. A nice shorter-term target would be the mid of the earlier congestion zone, as well as the first Fibonacci level around 0.03550.

Dojistar2017

This coin spend some days above a downward sloping line and saw some upside yesterday, A near doji appeared close to the Bollinger Bands upper line. This suggests indecision and normally a reason for caution. However, with the Bollinger Bands getting narrow and a firmer RSI, but more importantly, a higher high, action suggests some more upside. Once could see a...