Jump to content

CryptoPost

Members
  • Content count

    415
  • Joined

  • Last visited

About CryptoPost

  • Rank
    Advanced Member

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. CryptoPost

    Daily Crypto News & Analysis

    Ethereum Classic Moving Up Ethereum Classic found the bottom at $12 after which it started to move up breaking above the 200 Moving Average. The price patter shows that ETC/USD produced higher highs and higher lows, suggesting the beginning of an uptrend. At the same time ETC continues to bounce off the uptrend trendline and currently trading very close to it. Current support is seen at 23.6% Fibs, that is $15 area and it is likely that it will be retested, along with the 200 Moving Average. But price could also start moving higher without any correction and seems like the buying opportunity is presenting itself. ETC next stop could be the nearest Fib retracement level – 50%, that is $18.9 level. Break above should push price high and could potentially be the beginning of a long term uptrend continuation. As has been mentioned, the correction down is possible and in the worst case scenario price could get back to $12 support, but only break and close below that level would invalidate bullish outlook with confidence. Source: http://cryptopost.com/ethereum-classic-moving-up/
  2. CryptoPost

    Daily Crypto News & Analysis

    Bitshares VS Bitcoin Hitting The Support Today Bitshares has reached 4/1 Gann Fan trendline, which at this stage has been rejected cleanly. Another major support is 161.8% Fibonacci retracement applied to the corrective wave up after breakout of the uptrend trendline. This is 2300 satoshis level, and previously price has rejected it. Perhaps the confirmation that BTS/BTC has found the bottom, would be the daily close above 2300 satoshis level. Then it is likely that the price will start moving up, potentially towards the upper trendline of the descending channel. But, if Bitshares daily close will be below the Gann Fan trendline, then the downtrend might continue and BTS/BTC could reach the 88.6% Fib support at 1700 satoshis area. Overall it is important to watch the low produced today, that is 2220 satoshis.
  3. CryptoPost

    Daily Crypto News & Analysis

    SONM vs Bitcoin Down To Support Recently SONM has jump up by nearly 50% after it bounced off the 8/1 Gann Fan trendline. SONM/BTC broke above the 200 Moving Average and reached 3000 satoshis high. It seems that this was a strong psychological resistance level, which SONM failed to overcome. Today price broke below the 200 Moving Average, suggesting yet another wave down. SONM is very likely to re-test the Gann Fan trendline, while correcting down to 78.6% Fibonacci retracement level at 2000 satoshis level. This is a strong psychological support as well, and if SONM/BTC will reject it, the stronger growth could be expected. But, if broken, downtrend continuation could take place sending price back down to 1k satoshis area.
  4. CryptoPost

    Daily Crypto News & Analysis

    NEO vs Bitcoin Approaching Decision Point Today NEO has approached strong support area, which could be a decision point for the upcoming move. The support is based at btc 0.0055 area, which is confirmed by two Fibonacci retracement levels. First is 127.2% Fibs applied to the 18.03 – 30.04 corrective wave up. Second Fibs is applied to the corrective wave up after the break of the previous low, formed on the 18.03. The support seems very strong and if rejected, NEO/BTC could starting moving up. But for this another confirmation would be an advantage, and break and close above the btc 0.006 could be it. On a downside, if NEO breaks below $0.0054 with confidence, further downtrend should be expected.
  5. CryptoPost

    Daily Crypto News & Analysis

    NCash VS Bitcoin Short Term Uptrend Recently NCash has found the bottom at 214 satoshis area. There it formed a double bottom, after which price went up and broke above the descending channel. Today NCASH/BTC broke above the 200 Moving Average, suggesting the beginning of an uptrend. Fibonacci applied to the corrective wave down after the descending channel breakout shows that the nearest strong resistance is at 260 satoshis, which corresponds to the previous support and resistance. At this stage NCash should continue moving higher, although small corrective move down can also be expected. Break below 200 satoshis could invalidate bullish outlook where the downtrend continuation will take place.
  6. CryptoPost

    Daily Crypto News & Analysis

    Agrello VS Bitcoin Still trending Down It seems that Agrello downtrend is still valid, since on the last wave up, price failed to produce higher high. But it actually rejected the 2/1 Gann Fann trendline and 427.2% Fibonacci retracement level at 1884 satoshis. There are two downside targets / support levels to watch, the nearest is 627.2% Fibs, that is 1550 satoshis. If that support will be broken, price is likely to go lower and test next Fib support at 1377 satoshis, that is 727.2% Fibonacci level. The trend would only be able to reverse to the upside if price breaks above the 2k satoshis resistance. Otherwise bull should dominate DLT/BTC at least for the short period of time.
  7. CryptoPost

    Daily Crypto News & Analysis

    ISimple Token Expected to Double in Value ISimple Token seem to have found the bottom at $0.023 level. The support level is seen at 78.6% Fibonacci retracement, that is $0.027. This level today has been rejected along with the 3/1 Gann Fan trendline, while the price produce a new high high. Simultaniously, IOST/USD is breaking above the downtrend trendline, and this combined price action suggests the beginning of a short or medium term uptrend. The strong resistance is seen at 23.6% Fibs, that is $0.063. If/when this price is reached IOST would more than double in value against the USD. It seems that today price bounced off the support level, with the daily low at $0.026. Break and close below that price on the daily chart would invalidate bullish outlook. This makes the potential buy trade setup with an extremely high risk/reward ratio, which could be very attractive for ISimpleToken investors.
  8. CryptoPost

    Daily Crypto News & Analysis

    Substratum Potential 20% Gain Over Bitcoin Substratum found the bottom at 3824 satoshis, tested on the 13th of June. Then price broke above the descending channel, and finally, today it broke above the 50 Moving Average suggesting the beginning of either a correctional wave up, or a long term uptrend continuation. SUB/BTC price is likely to increase towards the 61.8% Fibonacci retracement level area, that is around 5200 satoshis. Previously price rejected this level as the support on two occasions. The downside risk at this point is minimal, although a short term consolidation or a small move down can be expected. But only break and close below the 3824 low could result in a continuation of an uptrend and invalidate growth potential.
  9. CryptoPost

    Daily Crypto News & Analysis

    Tron VS Bitcoin Uptrend Again Tron recently formed a bottom, hitting 612 satoshis low. At that point it rejected the 3/1 Gann Fan trendline, which has acted as the support. Yesterday, under the heavy volume, TRX/BTC broke above the 4/1 Gann Fan trendline as well as the 50 Moving Average, suggesting the beginning of an uptrend, or a corrective wave up. Today price corrected back to the Moving Average and it seems found the support there, at 690 satoshis. It seems that current price is very attractive in terms of a buying opportunity and price should continue increasing. The first strong resistance is at 64.8% Fibonacci retracement level, that is 860 satoshis, which corresponds to the 8/1 Gann Fan trendline. If that resistance is broken, Tron is likely to test 900-1000 satoshis area, that is 76.4% Fibs. Only break and close below 600 satoshis support could invalidate this scenario.
  10. CryptoPost

    Daily Crypto News & Analysis

    Etherparty Should Outperform Bitcoin Etherparty has recently found the bottom, hitting 541 satoshis level. At this price it rejected the 261.8% trendline of the Fibonacci channel, applied back in 2nd of May, when FUEL/BTC produced the high. Then it managed to break and close above the 50 Moving Average suggesting the beginning of a correctional wave up, or even a potential trend reversal. Currently Etherparty is trading right at the 50 Moving Average which this time could act as the support providing a good buying opportunity for the short term. FUEL could grow from 600 up to 1000 satoshis level, that is 61.8% Fibonacci retracement level, conformed by the 161.8% trendline of the Fibonacci channel. All-in-all, fast growth should be expected, unless price breaks below the 541 satoshis low. Source: http://cryptopost.com/etherparty-should-outperform-bitcoin/
  11. CryptoPost

    Daily Crypto News & Analysis

    EthereumClassic VS Bitcoin Way Up During November – December 2017, Ethereum Classic has formed a double bottom near 130k satoshis area. Since then price formed a strong resistance near 340k satoshis, which has been rejected at least 3 times and then corrected down. The most recent price action shows that ETC/BTC has found the strong support at 78.6% Fibonacci retracement level, that is 190k satoshis area. At the same time ETC rejected the 8/1 Gann Fan trendline suggesting the continuation of an uptrend. On the 12th of June Ethereum Classic broke above the descending channel under a heavy buying volume and it seems that this tendency might continue. The upside target is likely to be the 330k satoshis area, that is confirmed by the previous resistance as well as 23.6% Fibs. Source: http://cryptopost.com/ethereumclassic-vs-bitcoin-way-up/
  12. CryptoPost

    Daily Crypto News & Analysis

    Crown VS Bitcoin Bullish Divergence Today Crown has formed the bottom at 8365 satoshis, prior to which price broke above the descending channel. Nonetheless, it failed to break above the 8/1 Gann Fan trendline which formed the resistance at 12700 satoshis high. The interesting point is that RSI has already formed a bullish divergence and at the same time broke the downtrend trendline, which could mean that CRW/BTC have some intentions to reverse to the upside or produce a corrective wave up. Although price could go below todays’ low, it is still seems like the buying opportunity is just around the corner. But to confirm this it is better to way for a break and close above the 12700 satoshis resistance. Only then the corrective wave up should follow, which could result in a growth towards one of the previous resistance levels, either 20200, or 37000 satoshis. Source: http://cryptopost.com/crown-vs-bitcoin-bullish-divergence/
  13. CryptoPost

    Daily Crypto News & Analysis

    Bitcoin may not go below 6k Bitcoin found the support at $6140 level, that has been rejected on the 13th of June. The support is confirmed by the 227.2% Fibonacci retracement applied to the corrective wave up after the breakout of the uptrend trendline. Additionally, Bitcoin has rejected the lower trendline of two different descending channels, which may suggest that the price has reached its’ low. If BTC stays above the 6k support area, this could be the turning point, where trend could become bullish in the very near future. Yet, there are no clear confirmations of the uptrend and the downside risk remains. Nonetheless 6k area seems to provide a good buying opportunity, especially for the long term. Overall, Bitcoin remains under pressure and for many its just a waiting game at this point. Source: http://cryptopost.com/bitcoin-may-not-go-below-6k/
  14. CryptoPost

    Daily Crypto News & Analysis

    MonetaryUnit VS Bitcoin Triangle Pattern MonetaryUnit has established a strong bottom at 1270 satoshis level. This support has been rejected multiple times, nevertheless, MUE/BTC failed to break lower. At the same time price stays below the downtrend trendline as well as 50 Moving Average. MUE seems to be trapped within the triangle pattern, and at this point there is no confirmation of the price moving up. But, break above the 1600 satoshis resistance level could be that long waited confirmation of the uptrend. At the same time while price is lower 1600 level, the downside risk remains. MUE/BTC could potentially decline towards 1k satoshis psychological resistance, which might be a better entry point for those who wish to buy. Source: http://cryptopost.com/monetaryunit-vs-bitcoin-triangle-pattern/
  15. CryptoPost

    Daily Crypto News & Analysis

    Bread Coin Moving Higher Bread coin has found the bottom at $0.4, where it has rejected the uptrend trendline cleanly. This could be the continuation of the long term uptrend, but for this at least one more confirmation is required. BRD/USD is currently trading at 50 Moving Average, which could act as a resistance. But when price will close above it, BRD is very likely to continue moving higher. The nearest upside target is at 38.2% Fibonacci retracement level, that is $0.6. This resistance corresponds to the 2/1 Gann Fan trendline as well as previous levels of support and resistance. If Bread coin will break above that resistance, it could trigger stronger moves upwards and potentially might result in price producing a new all-time high. On the other hand, break below the $0.4 support would invalidate bullish outlook and could send price lower. Source: http://cryptopost.com/bread-coin-moving-higher/
×