Jump to content

Recommended Posts

BlockSafe Correction Up

Recently Triggers has found the low at $0.48 where it has rejected the middle trendline of the descending channel. The RSI oscillator showed a heavily oversold condition which could result in a corrective wave up. The RSI also broke above the downtrend trendline confirming the potential reversal or correction to the upside.

The support at 227.2% Fibonacci retracement seem to be broken, thus it is too early to speak of the reversal at this point, but the correctional move upwards should be expected. TRIG/USD could reach the nearest resistance at $0.87 in no time, but only break above that resistance might confirm the beginning of the uptrend.

At this point short consolidation period is possible, but only a daily break and close below $0.48 low would invalidate bullish outlook and send price lower, towards the next Fibonacci support at 327.2%.

http://cryptopost.com/blocksafe-correction-up/

IMbmwvvL

Share this post


Link to post
Share on other sites

Myriad VS Bitcoin Found The Support

The Myriad has found the support at 73 satoshis, which is a very cheap price in relation to most coins out there. The support is confirmed by two Fibonacci retracement levels. Fist is 327.2% Fibs applied to the corrective wave up after the uptrend trendline breakout. And second is 78.6% retracement of the previous wave up.

Clearly the support has been rejected for two consecutive times and it could be rejected once again. The RSI Oscillator shows bullish divergence adding extra confidence to the potential trend reversal or a correction upwards.

Overall, price seems to be extremely attractive while XMY could substantially outperform the Bitcoin in the short, and medium term. But, break and daily close below the 70 satoshis low could invalidate bullish outlook and extend the consolidation.

Source: http://cryptopost.com/myriad-vs-bitcoin-found-the-support/

PlYS4gyo

Share this post


Link to post
Share on other sites

Monaco VS Bitcoin at the Bottom?

Since the spike in price back on 19th of April, Monaco has been steadily going down. Price declined from the 320k down to 75k satoshis in just under two months, loosing 76% to the Bitcoin.

While the price has been moving down, it broke below the uptrend trendline and the 200 Moving Average. Fibonacci applied to the corrective wave up after the breakout shows that currently MCO/BTC is trading at the 161.8% Fibonacci support level, that might start to attract buyers.

If the support is rejected, Monaco is likely to re-test the key resistance at 100k satoshis, that is a strong psychological level. Break above 100k could confirm trend reversal and establish an uptrend.

On the other hand, daily break and close below the current support at 75k satoshis could trigger a downtrend continuation, resulting in the price moving down to the next Fibonacci support level at 36k satoshis.

Source: http://cryptopost.com/monaco-vs-bitcoin-at-the-bottom/

Zy2fLYCx

Share this post


Link to post
Share on other sites

VIBEHub vs Bitcoin has to Confirm the Uptrend

After reaching 3700 satoshis high, VibeHub established the downtrend, breaking below the ascending channel followed by the uptrend trendline breakout. Fibonacci applied to the corrective wave up after each breakout shows that VIBE/BTC reached the support level at 1500 satohis after which price went sharply up.

VibeHub broke above the short-term downtrend trendline, but it rejected the longer-term trendline. In order for the price to start a correctional wave up or perhaps to establish an uptrend, it has to break and close above the recent high, that is 1756 satoshis.

But if Vibe stays below that resistance and breaks lower than the recently established low, then the downtrend continuation could take place. To summarize, it is important to watch the break above 1756 or break below 1480 satoshis, that should shed some light about further price direction.

Source: http://cryptopost.com/vibehub-vs-bitcoin-has-to-confirm-the-uptrend/

DYU749HT

Share this post


Link to post
Share on other sites

Clams Facing Massive Support

Today CLAMS has reached 11 months low, hitting $2.27 level. This is the key support level for CLAM/USD, that has been rejected for at least 4 consecutive times during the past year. During that year price has moved in cycles, producing up and down waves.

If this cycle will continue the next wave could be starting shortly and confirmation of that could be the break above the descending channel.

At this stage price could either start to consolidate, move slightly lower, potentially to test $2 psychological support, or start a sharp rise. But it is certainly an interesting timing for CLAMS, and if support are will hold and price will stay above the $2, price might go up towards the previous support level at $13 area.

Source: http://cryptopost.com/clams-facing-massive-support/

g5RNjzmO

Share this post


Link to post
Share on other sites

Qwark Trend Reversal

Qwark has lost over 70% to the USD since the beginning of the May. Price has declined from $0.15, down to $0.04 where it finally seem to have found the support.

The support is confirmed by two descending channels, while QWARK/USD rejected both of them at the same time, bouncing off the lower trend-lines.

From this point onward, looks like Qwark could be starting to move higher, and either produce a corrective wave down or even completely reverse the trend. Price could reach the upper trendline of the descending channel or go higher towards $0.16 or $0.18 resistance areas.

At the same time, daily break and close below the $0.04 support should invalidate bullish outlook where the downtrend will continue.

http://cryptopost.com/qwark-trend-reversal/

hB1VGwsu

Share this post


Link to post
Share on other sites

Basic Attention Token VS Bitcoin Breaking Above

On the 13th of June, Basic Attention Token has found the bottom, hitting 2984 satoshis. At the same time it has rejected cleanly the 76.4% Fibonacci retracement level and price started to rise.

Today BAT/BTC broke above the downtrend trendline which could be another indication of the change in trend. Now BAT is likely to start moving high, with the possible prior consolidation. But there is high probability that it will reach the nearest resistance at 61.8% Fibonacci retracement level that is 4717 satoshis, which corresponds with the previous uptrend trendline.

While the consolidation is possible, price could get back to 3k satoshis area to form a double bottom but only a daily break and close below that support level would put more uncertainty in further price development.

Source: http://cryptopost.com/basic-attention-token-vs-bitcoin-breaking-above/

6OxL9pui

Share this post


Link to post
Share on other sites

DigiByte Key Support/Resistance

On the 6th of November, DigiByte did hit the low at $0.022, where it rejected the 88.6% Fibonacci retracement level. Since then price price went down again, producing spikes below the previous low. However no clear break and close below has been established by DGB.

The interesting fact is that DGB/USD is once again tested this level yesterday, and it has been rejected cleanly. Nevertheless, there is also a resistance established at $0.032, where the downtrend trendline has been rejected.

If the support will hold and price will break and close above the $0.038, the change in trend could take place, where DigiGyte could produce a new all-time high. The very strong resistance is seen at $0.185 area, confirmed by the two Fibonacci retracement levels.

On the downside, it seem that break and close below $0.016 could invalidate the potential reversal and the downside pressure would become much more obvious.

Source: http://cryptopost.com/digibyte-key-support-resistance/

szV7z4FV

Share this post


Link to post
Share on other sites

Wings DAO Hitting Support Area

Fibonacci applied to the last two corrective waves up shows that currently Wings DAO has entered the support area between to 127.2% retracement levels. this is the area between $0.23 and $0.26. At the same time WING/USD has reached the area between two downtrend trend-lines, but currently trading above them.

This is a strong support area for Wings DAO which, if rejected, could be turning point for the trend. WINGS could start reversing to the upside and potentially reaching the previous key resistance, the psychological level at $1.

However, the downside risk remains, and price could reach the psychological support level at $0.2 before and if trend reverses. Therefore it could be better to wait for the uptrend confirmation, that could be the break above the downtrend trendline.

Source: http://cryptopost.com/wings-dao-hitting-support-area/

RouVAgya

Share this post


Link to post
Share on other sites

SONM vs Bitcoin Potential Trend Reversal

SONM has found a strong bottom at the 1900 satoshis level. There it has rejected the 261.8% Fibonacci support level, as well as the 8/1 Gann Fan trendline. This week price went up, hitting the downtrend trendline, which is currently acting as resistance.

SONM/BTC could potentially reverse to the upside, but first it has to break above the downtrend trendline. While it is being rejected, consolidation could take place and SONM is likely to form a double bottom near 2k satoshis area.

The other scenario is if the price stays above the current resistance at 2240 satoshis and breaks below the 1880 low. Then the downtrend is likely to continue, towards the previous support level at 1500 satoshis area.

Source: http://cryptopost.com/sonm-vs-bitcoin-potential-trend-reversal/

JljZ1TUO

Share this post


Link to post
Share on other sites

Request Network VS Bitcoin Upside Target

Request Network Token has found the support at 1300 satoshis. The support is confirmed by the 527.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.

The support was rejected cleanly followed by the strong growth resulted in the break above the downtrend trendline. But REQ/BTC failed to break above the 50 Moving Average, that currently acting as the resistance.

Currently REQ might start to consolidate between 1300 support and 1700 satoshis resistance and it is important to watch for the break above the resistance in order to expect further growth. When/if that occurred, price is likely to move up, towards the 50% Fibonacci retracement at 2350 satoshis. At the same time break and close below the support could result in a continuation of the downtrend.

Source: http://cryptopost.com/request-network-vs-bitcoin-upside-target/

0VLtwWzk

Share this post


Link to post
Share on other sites

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/

ibhWkUDA

Share this post


Link to post
Share on other sites

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/

qVzpB86C

Share this post


Link to post
Share on other sites

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/

XUnWAnCc

Share this post


Link to post
Share on other sites

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/

5SDg8PIg

Share this post


Link to post
Share on other sites

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/

U11RvSzO

Share this post


Link to post
Share on other sites

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/

9yY2OFc8

Share this post


Link to post
Share on other sites

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.

XVc4Bm1t

Share this post


Link to post
Share on other sites

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.

84IptNRE

Share this post


Link to post
Share on other sites

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.

LedjgRO3

Share this post


Link to post
Share on other sites

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.

Fj0RVZdC

Share this post


Link to post
Share on other sites

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.

s35diFDK

Share this post


Link to post
Share on other sites

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.

ZpBQonxd

Share this post


Link to post
Share on other sites

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.

w3EnqRRJ

Share this post


Link to post
Share on other sites

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.

6pKpwSLs
 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×