As most of all coins Ripple as well had lost value. But in the case of XRP it was a heavy loss: -73% from top to down. Before the crash started XRP had been in a negative trend channel - so the decline had already begun. And with the crash it crossed the lower limit of the trend channel - double negative. In the rush of XRP it had sometimes even surpassed the...
Hopefully the crash has ended! I have watched XVG already earlier. After the sudden crash, perhaps initiated by some regulations or because of the New Year Festival in China (people need money to buy presents) cryptocurrencies are returning to normal. Some faster than others. For XVG for example I didn´t changed the TA - it was still active, even the fib...
While other coins crashed down and crossed different support lines, NEO stayed within its positive trend channel. It came back from overbought (out of trend channel) to nearly oversold (within trend channel). Therefore it crossed only one support line (now resistance) and is fighting to regain this line. A move from up to down has been expected (see arrows) - and...
Since the ATH at 20 (0.00002) TRX / BTC has fallen and crossed every support line! The negative trend channel is leading to the beginning of the rise at 4.5 (0.0000045). If it passes through this support it could even continue to 3.2 - where we find a long ascending trend line. From its ATH with a market cap at 14 bn $ it has fallen to about 6.7 bn $...
Stratis has broken resistance line at fib 161.8% (old). The long positive trend channel is active and Stratis has turned on lower limit on 01-14. Next aim (short term) is the old ATH and then the fib retracement at 261.8% (30,70$) which would be in the trend channel on the upper side. Indicators: RSI: strong - not overbought MACD: positive (signal line has...
I would take some profits and stay aside until the current crash will be finished. TA I´ve eliminated all trend channels out of the past because BTC has broken through all lower limits. I´ve added a new descending trend channel as orientation. Next support line is the 0% fib retracement (new) that is also the older fib retracement 61.8%. (10.700$) This line has...
Neo has been one of the best performing altcoins in the last days. Since christmas it has followed an ascending trend channel and at last surpassed even the fib retracement at 100%. It has just touched the upper limit of the trend channel and I can imagine three different scenarios at the moment, within the first has very low probability. 1) price breaks through...
Look at the chart. Seems like OmG makes one short and abrupt rise, then goes sideways. At the end of the rectangle (which is likely to be near the trend channel) - it makes the next rise. And so on. Each rise brings the price to the upper trend channel before consolidation starts. Of course there is no guarantee that this phenomenon occurs another time - but it...
DASH is within a very long symmetrical triangle and is slowly arriving at its point. The course is actually on the bottom line of the mentioned triangle - every move downwards would break the trend and this would be a negative sign. But the price has also left the positive trend channel. This hasn´t been a very strong trend channel - DASH had broken through its...
BTC is in a trend channel which indicates a sideways trend. To get more positive it should cross the resistance at 78.6% (older fib - blue line). As the indicators aren´t showing positive signals one can expect another fall to the fib retracement at 23.6% (newer fib -red pointed line). As long as there is not enough momentum I don´t think that BTC could regain...
Monero is not directly correlated with BTC or ETH it is definetly a good coin for a diversified portfolio. TA XMR is within a long ascending trend channel. It has touched the upper limit and the lower limit but didn´t cross. So for the moment the trend channel is active. Monero has crossed several times the fibonacci retracement 78.6% - it isn´t a strong support...
DASH has been in a symmetrical triangle and also in an ascending triangle for a long time. But today, on sunday, it has crossed the lower limits of both! Next fib retracement in sight is the 38,2 % line - but it is also possible that DASH continues to fall beneath this support. Next support will be at 23.6% (756$). There is a secondary trend channel - which has...
In my last analysis I mentioned the possibility that ETH could break the resistance and go up further - what has happened. And with this move I had to adjust my analysis. It is now to expect that the price arrives at the next resistance at 1.800$ (261.8%). I also drew another EW-possibility (not third but already the fifth wave). Elliott wave-theory is very...
It´s been a long and hard way but finally BCH has broken out of the symmetrical triangle and also out of the negative trend channel. It follows now the positive trend channel (green). This surprising movement is due to the turnaround at BTC, because BCH is correlated to BTC (not 1 : 1). Compared with the ups and downs of BTC (since dec 2017) - BCH is much less...
BTC has finished the first motive wave at fib retracement 100%, which was the ATH from 2017-12-08. It is now on its way down to fib 38.2% (new) or fib 78.6% (old). There is also the possibility that the downtrend stops at 14.450$, a support line formed out of several candles. So, this is the area (13.660$ 14.450$) where I expect the next turnaround of BTC, because...
We had false signals in the last days. One bear trap, another bull trap. This led me to search for a reason. And possibly I´ve found it in two different trend channels - one going down (red) and one going up (green). Everytime when IOTA seemd to leave the downgoing trend channel it stopped slightliy above the upper limit and turned back to trend channel. On the...
BCH is been "captured" in a symmetrical triangle. And at the same time there are two overlaying trend channels (green and red). A good signal would be if BCH breaks out to the top - then one could expect it to rise at least to the next resistance (fib retracement 61.8%, 2.860$). A bad signal would be if BCH stays in the descending trend channel and breaks out of...
It has lasted some days before OMG had enough momentum to break through resistance at 21.50$. But then it took only one day to break this line and to climb higher. Next aim is fib retracement at 161.8% (31.4$). It wouldn´t be surprising when the price bounces back. indicators: RSI: a little bit overbought but not seriously MACD: positive! ADX: Momentum coming...