Cardano is finally showing some signs of life after a sharp drop from 0.00004200 to 0.00001770. The new multi-month low was created just a couple of days ago and the price has bounced since it touched and briefly traded below the 127.2% Fibonacci support. However, the coin recovered and today looks much better as it looks like it wants to stage a bounce. A healthy...
Seven months have passed since QTUM entered a downtrend on the higher timeframe. The series of lower highs and lower lows has created a falling wedge and trapped the price action within it. A falling wedge is a reversal pattern. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. The price action stays trapped...
Litecoin has spent the last six months by constantly declining, without any major retracement or attempt to break the downtrend. The coin has created a series of lower highs and lower lows which translated into a down-slipping trend line which puts additional pressure on the coin. Moreover, the coin is trading below both the 100 and 200 MA on the daily chart....
Ripple has finally shown some signs of life. The coin has been created series of lower highs and lower lows as the multi-month trend line have kept pair below it for 6 months. This trend line represents a key bull/bear line and the move above it will facilitate a bigger move to the upside. On the other side, the more the coin stays below the trend line the lower...
As it is the case with many other altcoins, ONT is looking bearish. Similarly to IOTA, ONT performed a perfect re-test pattern and continues to go down it seems. The coin is still trading within a channel/wedge and it is unable to test the resistance of the channel but on the other hand, it is constantly creating a series of new lows. The price action failed two...
As we correctly predicted on July 2, the IOTA performed a perfect re-test pattern and continued its downside move. The coin first moved out of the wedge and pushed higher after the consolidation move. Then it raced to the key horizontal resistance line, previous support, peaked above the resistance line two times before rotating back lower as it was unable to...
Zilliqa broke the horizontal support and it now trends at the lowest levels in the last three months. The coin is creating the series of lower highs and lower lows which confirms the downtrend. After it pushed through the horizontal support, the coin came close to touching the 127.2% Fibonacci extension and 78.6% Fibonacci support and it is now reacting from that...
It is extremely difficult to find bullish signs in the #Monero chart on different timeframes. The coin is trading below 61.8% Fibonacci retracement, trend line support, horizontal support and both 100MA and 200 MA. It is currently bouncing off of the 78.6% retracement support and it is retesting the triangle support, now resistance, from the downside. If the price...
#Monero his on its way to create a false break down as the coin pushed below the trend line support before racing higher and it is about to close above the trend line. The coin is in a triangle which is narrowing and a break in either direction is going to happen soon. Bears thought they are in control as they managed to push the price down, however, it raced...
Technically speaking, #Ripple is an extremely interesting coin currently. The coin has continuously pushed lower in the recent days/weeks which prompted a big fall from 0.000900 to 0.000680. Currently, the coin is sitting at the major horizontal support and a potential break will mean the new 7-month low for the #Ripple. In case this happens, a new level to look...
Ethereum is having a pretty tough time since Monday. The coin went from the 0.07190s to 0.06720s in two days almost without a correction. So, what stopped the move to the downside? Ethereum pushed through the horizontal support and even through the 161.8% Fibonacci key extension before racing higher as the bears were not able to close below the support levels. A...
NEO has pushed above two minor trend line resistances and now looks to build on the strength and continue its move higher. The first obstacle on that journey is the 38.2% Fibonacci retracement since the coin has already failed at that level and rotated back lower. In a perfect manner, the coin touched the previous resistance - 23.6% Fibo, before continuing higher...
OX is one of the rare coins that continues to grind higher bearing in mind overall bearishness of the crypto market. The coin has pushed higher above the previous swing high and it is now correcting in order to get more support for the next wave higher. It looks like the OX is creating a bullish three-drive pattern that points out to more gains in the future. In...
#Digibyte has been on a roll recently. Two weeks ago, the coin created a false break down when it pushed below the multi-week trend line but then raced higher and closed above the trend line. Since then, the coin pushed all the way to 0.00000690 but it is now retracing and looking for a healthy correction. The current move down will allow the bulls to take a...
A couple of days ago, #XRPBTC created a 3-month low around 0.0000700. The coin has retraced since then as the psychological level around 0.0000700 has provided support and it looks to bounce now. Ripple is also oversold on the daily chart (below 20). The bounce has been further supported by the break of the short-term trend line resistance. Moreover, #XRPBTC is...
The #Dash has broken out of the wedge yesterday, adding to the overall bearishness of the coin. The coin broke the wedge to the downside and then closed significantly below it. However, the #Dash stopped at 0.03430 level, that represents a significant support level that provided support to the coin in its recent history as well. Now that we trade outside of the...
#QTUM is still trending below the key bull/bear trend line. The trend line connects a multi-year high of the coin with two other swing highs but has now pushed the coin almost to the wall as constant bearishness overwhelms the bulls. #QTUM has been supported by a minor upward trend line that connects lower highs from the recent days. At one point in time, the pair...
The start of the month of July has come good for the Litecoin as it broke above the falling trend line for the first in more than 6 weeks. The price pushed above the trend line and went on a small bull run, reaching above 6.00. The last day-two, the price action has stabilized a bit, however today we are seeing more gains (+3.50% currently). This has led the coin...