Monfex_UK

Monfex_UK

Hi, Traders ! Monfex is on the air ! Be careful at this point on the chart since the selling pressure might be reaching out the point of exhaustion. * The downward move of Bitcoin seems to be losing steam: the Bears have stopped pushing down heavily, although the price resides near the Key Support Level. * However, we might still observe an attempt to push...

Monfex_UK Updated 

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_UK Updated 

Hello, Traders! Monfex is at your service and today we overview BTC/USD. What do you expect from Bitcoin ? BTC near the support line of this bearish formation and we see a local resistance and support zones. A local resistance(the dark zone) ~ $ 8200 - 8150 A local support(the green zone) ~ $ 7950 - 8000 Indicators more negative and going to the...

Monfex_UK

Hi, Traders ! Monfex is on the air ! GBP/USD can reach 1.30 already this week on a positive wave of a Brexit deal. * During the past days, GBP has increased in value significantly ag USD against the background of improved outlook of a Brexit deal. * There is the possibility that the UK government could start legal procedures to avoid asking for an extension...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Litecoin lies in an attractive position: Long trade on a low risk is possible from here. * Couple of days ago, Litecoin's crew celebrated the 8 years of network running with $500,000,000,000 worth of transactions registered during this period. * A week ago, Litecoin made an attempt to break out of the consolidation zone,...

Monfex_UK Updated 

Hello, Traders! 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...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview ZRX/USD . There are two support zones and MA100 with MA200 near its, after a rapid fall in the last day - you can expect a short-term rebound from them. RSI oversold and it's going to rise up! Supposed Trade Signal by ZRX/USD Buy near $ 0.28 - 0.273 OR $ 0.254 - 0.25 Take profit ~ $...

Monfex_UK Updated 

Hi, Traders ! Monfex is at your service ! Bearish flag is seen on 4H TF of Litecoin: * Litecoin is in the upward sloping channel, which is likely to be interpreted as the bearish flag. * Usually, many indicators show bearish divergence at the higher highs inside the flag. And that is the case. * There is a possibility for the price expanding outside the flag...

Monfex_UK Updated 

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...

Monfex_UK

Hello, Traders! 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...

Monfex_UK

Hello, Traders! 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...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview XMR/USD . XMR is suspiciously the most passive recent time, so there is a premonition that it will soon rise up at least 10% for a day. Also Monero has a bullish divergence by RSI. But we remember about money-risk management and limit ourselves of possible losses! Active Trade Signal by ...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Bears keep up pushing the price down: by now, have squeezed through $8,000. * Bitcoin is under substantial selling pressure since the 11th of October and could potentially drop below the latest bottom near $7,700. * However, the short-term descending channel suggests the price action to develop within that structure, with...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview ETH/USD . Ethereum broke through the expected support levels. Now it's testing a key level to continue the fall. It can also be noted that although the dominance of Bitcoin is now falling against Altcoins , we can see a bearish divergence at some daily charts on many well-known Alts. This is a...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview XAU/USD . Gold broke the ascending channel. For now we have the descending movement and the price at the moment near resistance line with MA100 and the big volume zone that is our main point for short. There is a possibility that this is a big bull flag, which is aimed at new highs, but the...

Monfex_UK Updated 

Hi, dear Traders! Monfex is at your service and today we overview EOS/BTC . EOS is moving towards the diamond support zone now. RSI has entered a recession phase in the oversold zone and by that time the price will just drop and you can expect an upward movement from the support zone to the first target. Market Cap $2 774 501 506 USD Volume (24h) $1 619...

Monfex_UK

Hi, Traders ! Monfex is at your service ! TRON (TRX) shoves off the long-term consolidation buying area. Mid-term target is $0.04! * TRX network is expanding with a number of accounts on the TRON network rising beyond 3.8 mln. * Crypto Service Provider BitGo announced its plans to include Tron on its platform by November 2019. The announcement, which appeared...

Monfex_UK

Hi, Traders ! Monfex is at your service ! The U.S. Securities and Exchange Commission (SEC) is again raising a question regarding a proposed exchange-traded fund (ETF) based on Bitcoin. * BTC continues a slow downward movement towards the lower band of the wider consolidation range at $7,800. * Though we laid eyes on a higher volume on the previous H4 candle,...