VTC testing lower support before moving higher again. On 1H chart MACD is negative, RSI is also in negative zone, but should find support under 40 level. I expect the support will hold and we should move higher to first target $12 and then $13.
ETHUSD had a nice run from my last analysis, hit target at $500, then fell back to fib 0.5 from last run up. It is trading just above support at $400. Any close under this level would take us back to trendline at $340. That support is strong one as it is running basically over the whole year. Weekly and daily charts are still looking nice and bullish, trend is...
XRPUSD hit my target at $0.28. This proved again as major resistance level. From there is was quick fall to lower support at $0.23 where it is now trading. Overall selling pressure could take Ripple to lower trendline just above $0.21 level, if that doesn’t hold, then $0.18 is last strong support. On the bull side, break above $0.28 will take this coin to new heights.
OMGUSD closed down on trendline which looks like a good support zone. As long as we are above it, any dips are good buying opportunities. Place stop loss under trendline. Daily and weekly charts are in nice bullish trend. On shorter time frame there is still some selling pressure, RSI is just above 50, MACD is getting in positive territory.
ETHUSD is getting closer to my target $400 published a while ago. This pattern in from the book. It was really easy to see it coming. Lower ascending trendline with higher lows acting as support, and with upper horizontal trendline with two, almost flat highs, acting as resistance. Once we get over this, ETH will form new massive breakout range which could take...
IOTA was one of the best plays in last weeks. I recommended it just on the break up from triangle pattern at 0.37. Hope you entered position. It had massive run towards 1$ and now is in normal consolidation mode. I’m looking for re-enter levels around $0.62 - $0.64 where we have 0.5 fib. retracement and also support line from the last run. SL set under 0.59. Target +$1.2.
Bitcoin gold short chart view is showing us some support below, but not a strong one as this is new coin with lots of bears inside who wants to sell and move to BTC or other coins. If we move again to resistance - yellow mark, I would be seller here and wait again for a pull back. Expect some wild runs on this one as we need to get clear picture where this is...
IOTA succesfully broke up from descending triangle pattern, which was a great entry point and has reached first resistance target at 0.62. Even though descending triangle is bearish pattern, technical analysis isn’t necessarily about the pattern itself, but also it’s about the psychology of what’s going on within the pattern. As well, when bearish patterns fail...
ETH has been building momentum since the last test of lower trendline on 15/9. Since then it has a steady growth and I expect that it will break up from the ascending triangle chart and go above previous high $400. From the market perspective and relative valuation I'm positive that we will see ETH trading above $500 in next months to come. Last resistance area...