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CryptoPost

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  1. Daily Crypto News & Analysis

    EuropeCoin Could Double in Value EuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level. After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target. On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook. Source: http://cryptopost.com/europecoin-could-double-in-value/
  2. Daily Crypto News & Analysis

    BlockNet 200% Growth Potential From September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56. The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended. Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving higher. Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered. Source: http://cryptopost.com/blocknet-200-growth-potential/
  3. Daily Crypto News & Analysis

    ReddCoin Target Map ReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend. History could repeat itself which means ReddCoin is on its’ way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD. On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom. Source: http://cryptopost.com/reddcoin-target-map/
  4. Daily Crypto News & Analysis

    Raiden Network VS Bitcoin Trade Setup Raiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend. However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels. On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support. Source: http://cryptopost.com/raiden-network-vs-bitcoin-trade-setup/
  5. Daily Crypto News & Analysis

    BitBean Change In Trend On the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend. Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn’t seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels. On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook. Source: http://cryptopost.com/bitbean-change-in-trend/
  6. Daily Crypto News & Analysis

    Tron VS Bitcoin Comeback After a heavy rally, Tron has reached 2050 satoshi high and moved down as sharp as it was rising. On a corrective wave down TRX/BTC reached the uptrend trendline which has been rejected together with the 88.6% Fibonacci retracement level. Since then the price has been ranging between 61.8% Fibonacci level at 900 and 400 satoshi. Today Tron is trading around 465, that is very close to 400 satoshi support. Considering that the double bottom has been already formed, the price could start rising from that area. First upside target is at 900 satoshi, the second is 1300 satoshi, and if that resistance is broken, Tron is likely to produce a new all-time high against the Bitcoin. On a downside, the risk of Tron declining down to 200 satoshi support is still there, therefore the break above the downtrend could be a good indication of the Tron reversal. http://cryptopost.com/tron-vs-bitcoin-comeback/
  7. Daily Crypto News & Analysis

    Monero VS Bitcoin Downside Risk Following the previous idea on Monero VS Bitcoin, the price reached the upside target at 76.4% Fibonacci retracement level. Although XMR/BTC went higher than 0.03, it failed to show a clean break above the resistance and formed a double top at btc 0.032, accompanied with a bearish divergence on the RSI oscillator. Since the btc 0.032 high was reached, Monero has been moving slights downwards within the descending channel. On 17th of February, it rejected the upper trendline of the descending channel for the second time and once again formed a bearish divergence. This could result in the beginning of a corrective move down towards one of the Fibonacci support levels. The nearest support is at btc 0.026, that is 61.8% retracement. Break below could push price lower either towards btc 0.023 or 0.02 where the key support is based. On the upside, only break and close above the key resistance at btc 0.032 should confirm the bullish scenario sending Monero to a new all-time high against the Bitcoin. Source: http://cryptopost.com/monero-vs-bitcoin-downside-risk/
  8. Daily Crypto News & Analysis

    Ripple Soon To Confirm The Long-Term Uptrend Ripple has found the bottom at $0.57 while forming a bullish divergence on the RSI oscillator. Price went up and broke above the downtrend trendline, that is 2/1 Gann Fan trendline, resulting in a 115% recovery from the bottom. XRP/USD started the consolidation between $0.89 and $1.25, although since 11th of February it looks like a slightly ascending trend. Yesterday price attempted to break below the uptrend trendline, although failed to close below, suggesting the Ripple should continue to move higher. The nearest resistance is at $1.45 which appears to be the key price to watch for and confirmed by two Fibonacci retracement levels, 76.4%, and 161.8%. Break above should confirm the continuation of the long-term uptrend and will invite big buyers to participate. On a downside, the nearest support is at $1, where daily break and close below might send Ripple back to $0.6-0.9 area. Source: http://cryptopost.com/ripple-soon-to-confirm-the-long-term-uptrend/
  9. Daily Crypto News & Analysis

    Bitcoin Price Development Following the previous idea on Bitcoin, it found the support at the projected area, bouncing off the $5873 low. Bitcoin also rejected the uptrend trendline very cleanly in addition with the 76.4% Fibonacci retracement level, and the price went up immediately. The first psychological, as well as technical resistance at $10k, was successfully broken and now Bitcoin is facing the downtrend trendline as the current potential resistance. There is no confirmation at this point of the rejection of the downtrend trendline and the price is likely to continue moving higher towards 38.2% Fibs resistance at $13k. If it will be rejected, the head and shoulders reversal pattern could be formed, which means the price will correct back to the $10k support. However, break and weekly close above the 13k resistance should result in an immediate uptrend continuation towards either $17k or $20k resistance levels. On the downside, two key support levels must be watched, first is a $10k, although the support area extends down to $9k. Second, and key resistance is at $6k, where break and close below $5873 should result in further drop towards $4k area, which at this point seem extremely unlikely scenario. Source: http://cryptopost.com/bitcoin-price-development/
  10. Daily Crypto News & Analysis

    OTA Massive Range IOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading. After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal. The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend. Source: http://cryptopost.com/iota-massive-range/
  11. Daily Crypto News & Analysis

    DigiByte VS Bitcoin Signs of Reversal DidiByte found the resistance at 830 satoshi and corrective wave down started, resulting in a 56% loss to the Bitcoin. The decline of the DGB/BTC price was stopped by the 61.8% Fibonacci retracement level applied to the 07.12.17-10.01.2018 wave up. After the clean rejection of the Fibonacci support, the price went up and broke the 200 Moving Average and the downtrend trendline, suggesting the potential change in the medium term trend. Although range trading could be extended a little longer the growth potential remains. DigiByte is expected to rise towards one of the 3 resistance levels confirmed by two Fibs. First resistance: 600 Satoshi Second resistance: 770 Satoshi Third resistance: 830 Satoshi. If the price will break above first resistance is will become very likely that DigiByte will produce a double top, hitting the area between 770 and 830 sats. Daily break and close above the 830 sats resistance should confirm a long-term uptrend. On a downside. Daily break and close 360 could invalidate bullish outlook. Source: http://cryptopost.com/digibyte-vs-bitcoin-signs-of-reversal/
  12. Daily Crypto News & Analysis

    Adex VS Bitcoin 200% Growth Potential The downtrend of the Adex has ended at 5500 satoshi where it found the bottom and then went up breaking above the descending channel and hitting the 25k satoshi high. The corrective wave followed resulting in a rejection of the 61.8% Fibonacci retracement level, after which the downtrend trendline was penetrated, suggesting the beginning of an uptrend. Fibonacci applied to the corrective waves down after the descending channel and the downtrend trendline breakouts show the strong resistance at 44k satoshi, that is over 200% potential gain from the current price. Although the timing and the price seem to be right, the consolidation could also take place. On a downside, daily break and close below the 12k sathoshi could invalidate bullish outlook. Source: http://cryptopost.com/adex-vs-bitcoin-200-growth-potential/
  13. Daily Crypto News & Analysis

    BitBean VS Bitcoin – What To Expect After testing an all-time high at 250 satoshi, BitBean corrected down to 76.4% Fibonacci retracement level at 79 satoshi, although price did spiked lower while hitting 68 sathosi, but failing to close below the Fibonacci support. At this point, the upside potential is certainly there, but it has to be kept in mind that price does approach a very strong resistance at 150 satoshi. If BITB/BTC manages to break and close above that price on a daily chart it is very likely that the uptrend will continue and could go as high s 161.8% Fibonacci level at 362 satoshi. On a downside, the strong support is now at 100 satoshi area and if the price goes below it, BitBean could go back to 70 satoshi support to form a double bottom. All-in-all, the buying opportunity is interesting and could result in a strong 140% gain against the Bitcoin, if the resistance will be broken. http://cryptopost.com/bitbean-vs-bitcoin-what-to-expect/
  14. Daily Crypto News & Analysis

    Metaverse ETP – Great Opportunity Of 2018? Metaverse is a relatively new coin although with a great concept and team behind it. It is always questionable if the project will become the reality, but if Metaverse team will be able to accomplish their goal, ETP could be one of the best investment opportunities in 2018. The current price is relatively cheap and stands at $2, which is not that far of the price since inception. Metaverse found the bottom at $1 where it rejected the 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The rejection was very clean and price started to move upwards breaking above the downtrend trendline. This could be the first signal to get some ETP long term, but as always there is a risk, however, the growth potential certainly is huge. Very first upside target is seen at $5.85 that is near previous resistance that has been rejected twice and it is the top of the descending channel. Next resistance is at $8.8, which corresponds to the 161.8% Fibonacci retracement level applied to the last corrective wave down and goes inline with the 161.8% Fibonacci channel. These are the medium term targets that could be reached within months, but the long-term perspective could bring the price up to $30 and above this year alone. On the downside, break and close below the $1 support could invalidate bullish outlook and extend the consolidation period. Source: http://cryptopost.com/metaverse-etp-great-opportunity-of-2018/
  15. Daily Crypto News & Analysis

    NavCoin VS Bitcoin Expected to Move Higher NavCoin found the bottom at 15k satoshi and immediately went up breaking above the descending channel. After short consolidation NAV/BTC continued to move higher and broke above the 200 Moving Average. Higher highs and higher lows are being printed while the uptrend could have been established. Currently, NavCoin retraced back to the support area between 20 and 21k satoshi. This could be the starting point for the uptrend continuation sending the price up to the 427.2% Fibs retracement applied to the corrective wave down after the descending channel breakout. At the same time, 23k resistance level should be watched as the price could continue to consolidate below this level. On a downside, if the 20k satoshi support is broken, the price could move back to the 17k satoshi support and only then resume the uptrend. But break and close below 17k satoshi support should invalidate bullish outlook. http://cryptopost.com/navcoin-vs-bitcoin-espected-to-move-higher/
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