Stratis has followed other coins in reaching higher levels in the recent days. That has led the coin to break the multi-week trend line resistance that currently sits around 0.0004060. Moreover, the coin is also trading above the 100 and 200 MA levels on the h1 charts, which will provide additional support to buyers. Our advise is to go long the Stratis at...
ONT has been wedging in the last two weeks. The coin has been creating set of lower highs and the higher lows and has now managed to come all the way to the end of the wedge without a break out/down. Given that the coin is oversold on the daily chart, we may now start to move higher in case the price first breaks and comfortably closes above the wedge resistance....
Tron is approaching key moment that will decide price action of this coin in the near future. After it broke through 0.00000615, a key horizontal support coupled with the key 61.8% Fibonacci support, the coin closed comfortably below both levels and it stopped at the multi-month trend line that provided support to the coin. Since the trend line provided more...
In the recent days, IOTA has moved higher, breaking out of the wedge that trapped the price action in the last week or so. After moving sideways, the price pushed below the previous low in early June and it did not stop since then. Only around 0.0001530 the coin created series of the same lows while having lower highs - which ultimately meant that one out of two...
Zilliqa is one of the few coins that doesn't really look bearish. Instead, it looks extremely bearish. In the last 4 weeks, the pair has constantly created lower highs and lower lows without any significant attempt to break the two trend lines that put pressure on the bulls. The push got stronger once we have pushed through 0.00001250 and since then the coin went...
Vertcoin has been dipping lower for more than two weeks now. During the time window mid-March - mid-May, the coin was consolidating within a box with a lot of choppy trading going on. Since then, the coin pushed lower after a failed move higher. Series of lower lows and lower highs has occurred since and the pair is now trading all the way back to 0.000138, which...
As analyzed and predicted on June 15, Cardano came back to re-test the trend line from the downside. The coin broke the trend line support on May 28 and then pushed higher to re-test the trend line that now acts as resistance - previous support. Since touching the trend line at 0.0000267, Cardano rotated back lower without making any significant correction. The...
IOTX pushed below previous low around 0.00000481, closed and then returned to re-test the previous support, now acting as strong resistance. In a perfect manner, the price touched the horizontal resistance and immediately turned lower to create a shooting star - bearish candlestick pattern. We expect the price to rotate back lower and re-test recent low at...
Litecoin has pushed lower since it has penetrated through horizontal support and 50% Fibonacci support. The coin is currently sitting at the 61.8% Fibonacci major support and is looking to create a short-term bounce. Of course, Litecoin is also below both 100 and 200 MAs on both H4 and D charts as well as the downward trend line. Since we are extremely oversold...
QTUM has been under pressure as well. The downward trend line connecting lower highs has been broken as the price closed below it. The RSI is also near the highs currently which points out to lower trading prices in the near future. As far as the Fibonacci retracement levels are concerned, the coin broke the key 61.8% level and for some time now trades below it....
Stratis has finally pushed lower and broke the triangle support around 0.00055, further accelerating losses. In addition, the coin is now under both 100 and 200 DMA which further complicates the situation for the bulls. Looking at Fibonacci levels, Stratis is trading below the last level of support - 88.6% and approaching 100% level. If the bounce is going to...
Monero has been retracing for a couple of weeks now. The coin has created two lower highs near the top of the daily chart and it has since continued to retrace. The push lower was has been accelerated after the Monero broke the horizontal support at 0.02300. The break prompted the coin to advance its losses as we currently trade around 0.01850. Technical picture...
In the recent days, Dash failed to move above the multiple resistance levels, namely: horizontal resistance line near 0.4220, 100 DMA around 0.4660 as well as trend line resistance (previous support) that currently comes at 0.4800. The confluence of resistance levels keeps the price intact below the key trading block in the 0.42-0.48 range. Furthermore, a falling...
As many other coins, Cardano has been retreating for a while now and ultimately pushed and closed below the 100 DMA. Furthermore, the coin also closed below key Fibonacci level at 61.8% and will target 78.6% as next level of support. Since the trend line has been touched three times in the past and fourth was a break, any retest of the same line will be used as...
Like with many other coins, Auroracoin is also trapped within a falling wedge. Since the two lines - upper (resistance) and lower (support) is almost at a crossing point, a break out/down is to be expected soon. Given how tight the wedge has become, a lot of energy has consolidated recently and a sharp move to either side could happen quickly. Since we are...
Vertcoin has been wedging for a while now. Since it experienced a sharp drop in December 2017, the price has started to create lower lows and lower highs, hence creating a wedge. After touching the trend line resistance, the price has pushed down sharply as bears take full control. Furthermore, it pushed through 127.2% extension after a brief bounce and it looks...
Weekly Looking at our highest timeframe we see price has not broke any uptrend. the giant is sleeping at 9873 sats. feels like QRL is at the bottom and it will be hard to go down from here. Daily When we look at our pattern time frame we can that price is respecting the bearish momentum. QRL has pierced our major support zone. Stochastic RSI showing...
Opportunity to reload some ADX bags for cheap price. ADA Targets: 8200 8350 8400 8700