Monfex

Monfex Updated 

Hi there! On a BTC/USD price chart, an ascending trend channel is being formed, which is a strong continuation pattern that generates a buy signal. Enter LONG at $3,800 and wait for a new rally expected to take BTC/USD to a new high. Meanwhile, we expect a short-term downward trend channel to form over the next 3-5 days representing a ‘healthy correction’ type...

Monfex

Hi there! Here is an advanced technical analysis for ETH/USD based chart patterns, PLUS a ready-to-use trading strategy and a set of trading signals. Keep reading and you’ll get exact instructions on how to trade ETH/USD and achieve profitability! The medium-term trend for ETH/USD is DOWNWARD. After a recent 20% downward correction on Feb 19th, the price...

Monfex

Hi there! The medium-term trend for BTC/USD from the technical standpoint is still STRONG UPWARD. Despite a recent strong 10% downward correction, the price is still perfectly confined by the trendlines of an ascending trend channel. So, technically, we didn’t receive a trend reversal signal yet, and a medium-term TREND is UPWARD. In fact, now is an excellent...

Monfex Updated 

Hi there! On a BTC/USD H1 chart, there are two patterns being formed: - A Descending Triangle Pattern, and - A Descending Trend Channel Both chart patterns indicate a good opportunity to make quick sell trades with close take-profits . In addition, the price is more than one standard deviation above the MA(25) on H4, which means that a reversion to the mean...

Monfex

Intro Relative strength analysis is widely used to compare the performance of particular assets with that of a benchmark. In this case, we are comparing the performance of BTC, a benchmark cryptocurrency, with the performance of EOS, ETH & LTC over the past 30 days. The performance is stated in percentage terms. The goal is to identify whether EOS, ETH, and...

Monfex Updated 

Hi there! Here is an advanced analysis for ETH/USD based on technical indicators and chart patterns, PLUS a ready-to-use trading strategy and a set of trading signals. The chart you’re looking at presents the patterns of linear trend channels that best fit the price data and, importantly, indicate the trend direction and price targets. Keep reading this...