It looks like there is a bullish/bearish cycle that's been forming on ETH/BTC since the 30th of December, and by extrapolation we've just entered the third bearish period. In addition, the BTC rally has been putting downwards pressure on ETH/BTC for quite some time.
I expect ETH to continue its decline to around 7.65 mBTC by the 4th of January (EST). At that...
The next 24 hours are going to be critical in determining whether Monero will continue its upward trend that it's been following since the start of November, or if Monero will face some more bearish pressure.
There's bearish divergence with MACD and the WaveTrend Oscillator which could indicate bulls are having trouble sustaining this upward trend. On the other...
Monero just hit a very strong Gann angle and will likely retrace back down before continuing its upward trend.
It will likely fall down to the 11 mBTC support level, but may end up retracing all the way to the next Gann angle.
The retracement will likely be a short one; in less that a week you can expect it to start rising again.
Monero has been hanging around the 8.7 mBTC to 9.3 mBTC range for the last couple days.
If it passes above the fib. level at 9.3, it's likely to break out to around 10 mBTC as is indicated by the WaveTrend Oscillator below the -50 level which is a buy signal, along with the RSI indicating Monero is in an oversold state.
However, if we see Monero pass below the...
ETH/BTC has reached a strong mid-term support level; near 10-week low. Wait a couple more days to be sure it has reached bottom then go long. 20 mBTC is a good price target. If it falls below the support line, abandon the position.