Monfex

Hello, dear Traders! Monfex is at your service and today we overview ETH long perspective. ETH is a good example for tracking all the psychological points in the market. Keeping your emotions in check is a key trait of successful investors. Every market contains a strong embedded rate of return. This return is directly related to the amount of risk in that...

Hi, Traders ! Monfex is at your service ! Stop hesitating and check out our unparalleled analysis of Ripple - the brilliant of nowadays cryptomarket! First, check out our previous report, where you will see that we forecast the price to slide to $0,27 - 0,29 levels. And guess what? The price has hit $0,2820 so far, so you can start buying out at current...

Hello, Traders! Monfex is at your service and today we overview USOIL. Oil broke through its annual resistance line and rolled back 50% of the impulse movement. Long timeframes show the intersection of many MAs with the price and now they are like our support. On the left chart, we see a short-term idea, where there is a triangle in the support area and you...

Hi, Traders ! Monfex is on the air ! This time, scalping idea is at your service ! Take a look at our 15Min Bitcoin Scalping Chart: * The price is in the lower section of our Pitchfan and there is an 80% probability that it will touch the Support at $10,100. * Once this is done, 2 options are possible from $10,100: 1) 60% probability of price going up to...

Hello, Traders! Monfex is at your service and today we overview BTC/USD. Classic trade by Technical Analysis, scalping: BTC brokeout the resistance line, tested it and formed a flag figure. The immediate goal for us is the zone of resistance and at the same time the Fibonacci level is 61.8%. RSI also support this idea, going to growth. Who trades inside the...

Hello, Traders! Monfex is at your service. Stellar has grown well in recent days and we won't enter into a trades on highs, it was better to wait for a pullback to the nearest support zone, which is 50% Fibonacci along with the support zone. Active Trade Signal by XLM/BTC - Buy zones near 0,00000727 - Take profit ~ 0,00000818 - Stop at 0,00000679 Share your...

Hi, Traders ! Monfex is here with an important Update on Bitcoin Elliott Wave Structure. * In our previous analysis we specified that the price is currently at the last stage (Y leg) of the short-term correction; the end of the ultimate Y leg was projected at the area of $9,000 - 9,200. * However, if we take a closer look at 1H time-frame: the price made a...

Hi, Traders ! Monfex is on the air ! Outstanding non-standard approach for your consideration ! This time we present very unusual view of the market: * On the, at first glance, messy chart you can see the correlation matrix between main Cryptos: Bitcoin, Ethereum, Ripple, Litecoin, EOS, Dash and Bitcoin Cash. * Though it may look like they are moving in similar...

Hello, Traders! Monfex is at your service and today we analyze ETH/USD and ETH/BTC. ETH / USD : Together with the entire market, ETH corrected over the past day, pushing off from the resistance line of the downward channel. Now we see how it is recovering and seeks to continue growth, but will it break the resistance line? I think yes. But to be sure, Ethereum...

Hello, Traders! Monfex is at your service and today we analyze BTC/USD. At the moment, Bitcoin has a little bit weakness, altcoins look more confident. This always happens in flat movements, as now in our red container, there is no definite trend for now. What to expect? 2 scenarios: BTC goes under 9,600 and continues to move downward to at least 8,400. In...

Hi, Traders ! Monfex is on the air ! Another update on our previous brilliant idea is at your disposal! What have we predicted before: * If you refer to our previous analysis, you will see that the first forecast target of $0,31 was precisely correct. * From now on, we expect the bullish momentum to stay on the track with the next target at $0,40. * If the...

Hello, Traders! Monfex is at your service and today we analyze XAU/USD. Gold recently has met with a 6.5 year old resistance zone. Now it lies on the trend-support line and has formed a triangle. There is a bearish divergence by RSI. Also XAU can form a flag-shaped formation and two possible options for opening short positions we have for now: 1) the price will...

Hi, Traders ! Monfex is here ! Update on our brilliant idea is coming next! What did we mention in our yesterday's analysis: * Starting from the end of June'19 Bitcoin has entered into a correction mode. * You can see that the whole corrective structure may fit into the WXY Elliot formation. * Moreover, the structure also fits in the descending triangle figure,...

Hello, Traders! Monfex is at your service. GBP/JPY faced with resistance zone, and a bearish divergence is also traced on the RSI, which gives us the opportunity for short position. Active Trade Signal by GBP/JPY - Sell near 135,23 - 135,65 - Take profit ~ 133,72 & 132,21 - Stop at 136,07 Share your thoughts, ideas about the market under the chart. If you...

Hello, Traders! Monfex is at your service and today we will overview OMG/USD. OMG is moving more than just good. It broke through the blue line of resistance, almost worked out its Head&Shoulders classic pattern. But what to do now? There are two target zones that OMG can reach in the coming days. How to act? Now we have touched the line of resistance of the...

Hello, Traders! Monfex is at your service and today we will be analyze XEM/BTC. Is it will be the next profitable coin? It shows a strong bullish divergence on many indicators, which has long been waiting for its implementation! Now it has broken through the line of resistance of the falling wedge and buried in MA100, by breaking a key level, you can open a long...

Hi, Traders ! Monfex is on the air ! Another interesting idea is at your service ! Take a look at the comparison diagram of EOS/BTC and EOS/USD: * We see a good opportunity to Buy EOS ag BTC as the potential profit from this transaction may hit as high as +30%. * EOS prospers and boosts marketing plans in China and internationally following a record ICO of $4...

Hi, Traders ! Monfex is on the air ! So, more and more brilliant ideas is coming ! Let's see what Elliott thinks about Litecoin's chart development: * We see the price is being structured in the ABC correction of the Intermediate Degree (Red symbols in brackets). * The Intermediate wave (B) is currently on the run. Its target is between 0.618 and 0.382 of Fib...