On Wednesday, Litecoin steadily broke out of consolidation using the massively increased trading volumes and overcame several previous price peaks. And today it trades at an even higher rate: $ 226. Moreover, if today there is no significant depreciation before the close of the day, the MA cross indicator will give a buy signal. What is it, a false flight or the...
Bitcoin rebounded quite convincingly from the slow moving average on the weekly chart (about $ 6,000) and was now able to climb above the slow average of the daily chart. Having already reached the resistance levels at $ 10,000- $ 12,000. If the rate remains above $ 9,500 for a couple of days, we will receive a buy signal from the Moving Average of the daily...
Since our previous NEO review and change of recommendation to "Sell", the price has fallen from $ 130 to $ 70, but then it again climbed above the $ 100 level. The volume of trading fell sharply and the rate is caught between $ 95 and $ 125. There is a consolidation in a narrow range. The further perspective is unclear and here’s why: On the daily chart, the trend...
The IOTUSD rate pushed down from the slow moving average and consolidated between $ 1.5 and $ 2. At the same time, the oscillations decay, and therefore the respite comes to an end. Where is the exit? On the daily chart, the picture is clearly bearish and now is a great time to sell. On the weekly chart, "Crossing of Moving Averages" picture is still in the...
Last week, the prices of the main cryptocurrencies fell in the beginning of the week and recovered at the end. Bitcoin almost didn’t change in price, and its share in total capitalization only slightly decreased (to 34.4%). The number of billionaire-coins increased to 27, and their total number (according to coinmarketcap.com) increased to 1526. The total...
In our previous review of NEM, we assumed a decline from $ 0.75 to $ 0.35 and a return to $ 0.75 from below. The first part executed perfectly: the fall happened and reached exactly $ 0.35 But the subsequent rebound reached only $ 0.65. Well, maybe that's all the buyers can offer. A move to $ 0.75 is still possible, however we do not recommend waiting for it while...
Monero fairly quickly rebounded from the minimums at $ 150 - $ 160 and approaches the slow moving average at $ 280. Here and now (the range of $ 260- $ 280) is the ideal place to open short positions. The goal is to test the support levels at $ 160 again. Judging by the speed of the rebound, it is unlikely that it will be through immediately. Therefore, close...
On January 14, we released a review on the wave analysis of Ethereum with the forecast of the ABC waves and a decrease from 1400 to 700. And this forecast was brilliantly justified: the rate clearly passed on the wave structure drawn beforehand and reached its completion. (see att Idea) Now, as always, the most interesting part: "What's next?" :) To forecast...
Our previous idea on DASH (see related idea ): a short from $ 800 to $ 400 worked perfectly, without any attempts of the market to test the position for strength. Now on the chart we see the same picture, only at a lower price level. In fact, the TA bearishness for DASH has even intensified, as on the weekly chart the rate has gone below the slow moving average,...
On the way to the almost non-stopping fall of XRPUSD to the "platform" at $ 0.25 is the last support level at $ 0.65. The rebound-consolidation that has begun will most likely be limited to $ 0.90 - that’s where the fast moving average of the daily chart is and that’s good place to open short positions. The maximum is the slow moving average (today it’s $...
After losing the most important technical and psychological support at $ 10,000, Bitcoin, or rather his rate in pair with dollar, more and more resembles the so-called "Falling Knife". Should you catch it? And if yes, where? Catching a falling knife is an extremely risky strategy, however, if it is successful, it promises quick and significant profit. Perhaps this...
During the fifth week of 2018, the main cryptocurrencies fell significantly, below the key price levels. Bitcoin returned to November's prices, and it’s share in total capitalization slightly increased (to 35.3%). Sellers dominated the whole week, giving buyers only a short time to raise prices within the rate correction. The number of billionaire-coins decreased...
So, the idea of a short from $ 200 from the past review on Litecoin worked out. The local minimum was exactly above the specified support level of $ 100. The rebound from the support turned out to be quite strong and the rate today is exactly on the fast moving average and the former local support level, which has now become the resistance: $ 165. This is a good...
As we wrote in the previous review on IOTA, the loss of support at $ 3 led to the transformation of the upward trend into a downtrend. And now, the fall from the $ 3 mark exceeded 50% by yesterday However, the level of $ 1.5 is insignificant and is unlikely to stop the strong trend. The area of dense hatching on the daily chart starts from $ 1 and more reliably...
Since our previous review, NEO has risen to $ 170, showing the resumption of a growing trend. However, then, obeying the general trend of the cryptocurrency market, began to fall, and quite rapidly. The crossing moving averages are now confidently indicating sale. We change the recommendation on NEO to "Sell" It's better to do so not near the support level at $...
Monero, pushing from below from the slow moving average of the daily chart, irresistibly rushed down, crossing out the hopes of a new wave of growth. Closure of the day below the important level of $ 280 (the middle of the big wave of growth from 80 to 480) and the closing of the day at the minimum rate for the last 6 weeks - all this is a strong bearish...
On the fourth week of 2018 the main cryptocurrencies demonstrated growth. Bitcoin stayed above 10,000 and its share in total capitalization decreased slightly (to 33.3%) The pressure of sellers in the beginning of the last week was replaced by the appearance of buyers and the growth of indicators. The number of billionaire-coins decreased to 24, and their total...
As we wrote in our previous review, the loss of the support level at $ 800- $ 900 dispelled the last doubts that DASH entered a medium-term downtrend. Now we see a consolidation just below this key level. The closest support level that is capable of stopping the sellers is $ 600 and $ 500. However, the level of the trend reversal and capable of starting a new...