Monfex is at your service and today we overview ZRX/USD .
Classic Elliott Waves 12345 we can see on this chart and confirmation of a long position will be breakout of $ 0.3455. Stoch RSI oversold and it's going to rise up, but we have a bearish divergence by simple RSI and it's not a good sign. Maybe this divergence was realised on 15-16 October...
Hi, Traders ! Monfex is on the air !
After vain attempts to correct noticeably upward, Bitcoin is ready to retest the local lows around $7,700.
* After prolonged selling pressure, Bitcoin made a desperate attempt to break higher and hit $8,100 intraday.
* However, the price is heavily wedged within the descending channel and the downward move is yet to be...
Monfex is at your service and today we overview EUR/CHF.
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14.
But it is more inclined to think that there will be a...
As we get closer to Brexit the £ has gained a lot of bullish momentum, I believe it to be short lived and we should see a big sell coming from my area. Being patient with this one as it looks like it is lining up.
While the price is above the support 7446.80, resumption of uptrend is expected.
We make sure when the resistance at 9243.50 breaks.
If the support at 7446.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another...
Bitcoin (BTCUSD) took a two days break and is starting to bounce.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support),...
Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
There is no secret that BTC in the descending channel and brokeout the great triangle down.
Bears have already tested the level of $ 7800 three times and the probability that they will push the price to at least to $ 7500 very high. RSI is going down to the...
Hello, dear Traders!
Monfex is at your service and today we overview XMR/USD.
Monero broke the resistance line of the descending channel, but we have the key level for confirmation of a further growth !
XMR is suspiciously the most passive in recent time and now it starts to growth.
The great resistance zone ~ $ 57.
This long idea also supports the positive...
after a massive buying reaction last week we see that GBPUSD is slowing down.
rising wedge formation is a very good indicator of weakening momentum.
More the market contracts within the pattern, higher the chances that it will break to the downside.
I am waiting for a bearish breakout of the wedge to short...