philocrypto

philocrypto Updated 

Good morning, I have a simple analysis of QTUM for you. We are approaching the uptrend line from when the crypto market bottomed out in mid September. It also appears that the resistance-turned-support at $10.50 coincides with this mark. I expect to see a bounce up in this are and a continuation of the uptrend. As always with altcoins, keep an eye on Bitcoin....

philocrypto Updated 

Good morning, Last night OMG broke the uptrend line and fell down through the cloud. As we approach oversold on the RSI, I’m looking for the next line of support. I see two possible places: first at $8.50 where the price bounced earlier this morning and back on September 24th, and the next at $7.70. If the price bounces and breaks through the downtrend line, I...

philocrypto Updated 

Good morning, Monero has moved sideways since the last major correction in mid-September. A nice spinning top has formed on the 4hr which suggests we might see prices move back up, but we should wait for more candles to confirm. If support is not made at $87, I expect to see Monero fall to the bottom of the channel around $84. RSI is approaching oversold...

philocrypto Updated 

Good morning, IOTA broke down the trend line late last night and has now passed down through the cloud; I expect IOTA to continue down to test the next line of support. I see three possible lines: the first being $0.51, then $0.46, and then finally at $0.37. I think one of the first two lines are more likely. We should only expect it to retest the low of $0.37 if...

philocrypto

Good morning, NEO has fallen to the trend line from the break up on September 25th. Watch for price action here; If the support holds I expect to see prices move back up to retest $37, if we have a candle close below the support I think there is a chance we could see prices fall to next support at $27. As with all altcoins, watch Bitcoin to get the main trend...

philocrypto

Good morning, Bitcoin fell down out of the pitchfork and appears to have bounced off the Ichimoku base line. It has also appeared to have found support at the the trendline from where it bottomed out at $3000. However, MACD and DMI show crossovers; taken alone this suggests downward movement, but I do not think the signal is very strong and the chart suggests we...