Coin_Analyst

Coin_Analyst

Conclusion for today’s Zcash Analysis: An upside breakout of the current pennant formation does imply continuation of bullish momentum. Upside target in this case would be the upper boundary of the bearish channel. A logarithmic scale is used in today’s Zcash analysis on an intraday (6 Hour) timeframe. Over 3 months of price action shows a strong bearish trend...

Coin_Analyst

Conclusion for today’s EURUSD technical analysis:Price closing above ~1.10245 implies higher prices in the EURUSD. Today’s EURUSD analysis is examined on the 6 hour timeframe. The trend in the EURUSD is dominantly bearish. The bearish trendline from June 2019 that is currently active is plotted on the chart. Ellipses on the chart show the pivots (June 28, August...

Coin_Analyst

Conclusion for today’s Cardano technical analysis: Confirmation of a double bottom implies higher prices in Cardano. Cardano analysis is presented on its 6 hour (intraday) timeframe with a quick look at the current downtrend starting from April 03, 2019 to current date. The dominant chart pattern identified is a falling wedge, which is ideally bullish and...

Coin_Analyst

Conclusion for today’s Monero Analysis: Price closing above ~65.518 implies bearish momentum slowing down and a potential change in the trend from bearish to bullish. Monero analysis for today is presented on a 6 hour timeframe. Chart examination is provided from December 2018 to current date. Also included in today’s Monero Analysis is the 200 moving average...

Coin_Analyst

Conclusion for today’s Ethereum Analysis: Price closing above ~204.18 implies higher Ethereum price. Ethereum Analysis for today is provided on the 6 hour (intraday) timeframe that covers over 9 months of market action. The bullish channel in Ethereum that started in December 2018 and reached a price peak of 363.18 on June 26, 2019 is plotted on the chart. A...

Coin_Analyst

Conclusion for today’s USD JPY technical analysis: Range bound movement of the USDJPY is confirmed and current bias is to the upper boundary of the range. USDJPY analysis for today is examined on the Daily Timeframe with over 2 years of price action displayed using candlesticks. The dotted blue lines plotted indicate the bearish trendline in the USDJPY since...

Coin_Analyst

Conclusion for today's Stellar Lumens price analysis:A break above the long term trendline can be used as part of a conservative strategy to go long (i.e. buy) Stellar Lumens. A log scale of Stellar Lumens price is presented on the 6 hour timeframe with coverage of market action since May 2019. The long term bearish trendline is plotted on the chart with peak...

Coin_Analyst

Conclusion for today’s Zcash Analysis: Bullish momentum in Zcash is expected to continue with the bottom of resistance (44.52) as the minimum target. A log scale on the 6 Hour timeframe is used in today’s Zcash analysis. Inspection of intraday price action focuses primarily on data from June 2019 to current date. The dominant chart pattern during the period...

Coin_Analyst

Conclusion for today’s USDCAD analysis: Price closing below ~1.31080 implies lower prices in the USDCAD. USD CAD technical analysis for today is presented on the Daily timeframe which gives an insight into the long term development of price action. Trendlines, as well as the use of moving averages (200 and 50) are considered in this USDCAD analysis to help...

Coin_Analyst

Conclusion for today's Bitcoin Cash analysis: A close below ~264.21 implies lower prices in Bitcoin Cash. Bitcoin cash analysis for today is carried out using a log scale on the Daily timeframe. Chart inspection and analysis primarily focuses on the uptrend in Bitcoin cash since price reached a bottom of 73.50 on December 15, 2018. A bullish trendline is...

Coin_Analyst

Conclusion for today’s GBPUSD technical analysis: A break above ~1.2720 implies an increase in bullish strength. GBPUSD analysis for today is presented on its Daily timeframe with a closer look at chart patterns present, and their possible implication(s) for future price action. A descending triangle chart pattern is used to best describe the meandering price...

Coin_Analyst

Conclusion for today’s Litecoin analysis: A close below ~67.62 implies an increase in bearish momentum, and therefore lower prices to be expected. Litecoin price for today’s analysis is presented on a Daily timeframe (log scale) that shows over 5 months of market action. This period includes a bullish move to the price peak of 146.00 on June 22, 2019 followed by...

Coin_Analyst

Conclusion for today’s EURUSD technical analysis: Price closing above ~1.11099 implies the resumption of bullish momentum. EURUSD analysis for today is examined on an intraday (6 hour) timeframe using candlesticks. Data captured in the chart covers over 18 months of price action in the EURUSD starting from February of 2018. A dominant downtrend can be observed...

Coin_Analyst

Conclusion for today’s EOS Technical Analysis: A break below the 200 moving average implies further downside in Eosio (EOSUSD). EOS technical analysis for today is presented on a log scale using an intraday timeframe (4 hour) candlestick chart. The dominant trend in EOSIO since May of this year is indicated by the bearish trendline. Besides, the 200 moving...

Coin_Analyst

Conclusion for today’s Zynga Inc Intraday analysis: Bullish momentum is expected to continue with a minimum price target of 6.65. An intraday timeframe (6 hour) candlestick chart of Zynga Inc. is presented in today’s analysis.The uptrending action in price since November 2018 is highlighted with the use of a bullish trendline. The 50 moving average and 200...

Coin_Analyst

Conclusion for today’s Cardano Analysis: Price closing above ~0.00000522 confirms a double bottom chart pattern, and therefore implies higher price in Cardano (ADABTC). Cardano analysis for today is provided on a log scale, with focus on price action from April 2019 till date. A falling wedge (ideally bullish) chart pattern is used to highlight the current...

Coin_Analyst

Conclusion for today’s Ethereum Analysis: Price breaking below ~177.65 implies continuation of the current downtrend in Ethereum. Ethereum analysis for today is carried out on an intraday (4 hour) timeframe candlestick chart that focuses on price action since the last week of June of current date. A head and shoulders top pattern (ideally bearish) that confirmed...

Coin_Analyst

Conclusion for today’s XRP technical analysis: Price closing above 0.29237 implies resumption of bullish strength in Ripple (XRP). XRP chart analysis for today is carried out using a log scale on the 6 hour timeframe. June 22, 2019 price peak of ~0.51 and the downturn in price is highlighted using a bearish trendline. The July 6, 2019 crossover of the 50...