NEM’s rate was not satisfied with the first reduction target, which we wrote about in the previous review: $ 0.40 And fell to the minimum at $ 0.26. Now there has been a corrective rebound. The technical picture remains bearish. And we recommend using this rebound to open short positions. For this, you can use the region of $ 0.35- $ 0.40 Former support has now...
After our previous review, DASH remained in the flat trend around the slow moving average of the daily chart. However, recently the fall resumed and the rate fell down off the average. On the following days the rate hasn’t returned so it does not seem like a false ejection. Trend indicator "Crossing of moving averages" is on sale. In addition, we see the "Head and...
In the previous IOTA review, we wrote about a large range of IOTA rate: $ 1.1 - $ 2.2 The upper boundary was tested and not passed. A new growth attempt from $ 1.5 couldn’t even reach the $ 2.2 mark. And now the rate on an increased volume went down out of the triangular consolidation. It seems that the movement to support level at $ 1.1 begins. Moreover, MA cross...
Since our last review, NEO has overcome the local resistance on $ 120, drew a buy signal from the MAcross and tested the resistance at $ 150 twice. However, large volumes did not appear at the market, and all these attempts to start a new big wave of growth were unsuccessful. And now the rate has dived under the slow moving average, foreshadowing the interweaving...
Last week, the main cryptocurrencies’ rates changed in different directions. Bitcoin rose to $ 11,500, and its share in total capitalization increased to 41.6%. Gradual growth went on for almost the entire week, with slight kickbacks. The number of billionaire-coins increased to 26, and their total number (according to coinmarketcap.com) increased to 1536. The...
In the last review on Litecoin, we wrote about the signal for purchase from the Macross. After two weeks, the buy signal remains. The price is consolidating over the growing slow moving average, which is obviously now acting as a growing support level. Today, trading is very close to this support. Technically, this is a good time to open a growth position. Target...
In the previous review on BCHUSD, we wrote that there was a buy signal, but there was no growth. And indeed, now there is no signal to buy: MA cross again turned to sale. These are classic signs of a flat: frequent changes of direction of the trend-tracking indicator, fluctuations in a small price range with a constant change in the direction of motion,...
While the rate is below the slow moving average, further downgrade is more likely. However, Ripple does not want to fall, because $ 0.90 is a proven level of support. Overall: the wind has died down, the former storms and hurricanes with giant waves of growth and falls have subsided. The ship made in an Asian style by the name of Ripple, went into a drift. We are...
Since our last review, Ethereum hasn’t decided on the strategic direction of the future rate movement. The intrigue is all about which of the Elliott wave we are on (see the previous review on Ethereum in the related idea). Medium-term decline channel remains. The local growing channel is new and it’s a more straight one. The oscillations are damped. Ethereum...
In our last review on Bitcoin, we wrote about a purchase signal from the MA cross and the need to withhold the $ 9,500 level to create a technical picture of sustainable growth. And Bitcoin did everything needed! The slow moving average turned upwards and was used as a support level, from which the rate pushed off and rose again above the $ 10,000 mark. Now, to...
After last week, most cryptocurrencies got cheaper, rolling back from the resistance levels. Bitcoin fell slightly below $ 10,000 but its share in total capitalization increased to 38%. Growth at the beginning of the week got replaced by a gradual decline. The number of billionaire-coins decreased to 18, and their total number (according to coinmarketcap.com)...
IOTA’s rate hasn't gone down since our last review. And even drew a signal for purchase from the MA cross. However, after that, it mmediately fell again below the slow moving average. It seems that a flat begins, facilitating the deposits of trend-tracking traders. In this case, the trading strategy can be the following: - sell immediately after receiving a...
In the previous NEM review, we proposed the idea of a short from $ 0.65- $ 0.75 with a target of $ 0.40- $ 0.35 $ 0.65 was achieved and now the first target at $ 0.40 is reached. Unlike many other cryptocurrencies, NEM was unable to draw a buy signal from the MA cross on the daily chart. Volumes of the decline are clearly increasing. In general, signs of a...
Dash, like most other cryptocurrencies, managed to rise just above the slow moving average on the weekly chart and draw a buy signal from the MA cross on the daily chart. Thus, technical conditions were obtained for closing the positions for sale. At the same time, the local upward trend from $ 400 to almost $ 800 yesterday was broken. To buy, it is better to wait...
BCHUSD accurately fulfilled the reduction target of $ 800, which we wrote about in our previous review. Since then, bitcoin cash has drawn a 3-wave rebound and + 90% from the minimum, only hesitating before the level of 1540, clearly trailing behind his older brother BTCUSD. In the meantime, the MA cross on the daily chart turned to buy, giving a technical signal...
Last week, the main cryptocurrencies significantly increased in price, bouncing quite high from the minimums. Bitcoin rose above $ 10,000, and its share in total capitalization increased to 37%. The number of billionaire-coins decreased to 21, and their total number (according to coinmarketcap.com) increased to 1545. The total capitalization of the cryptocurrency...
In our previous review of Ethereum, we wrote about the larger and smaller waves of Elliot, in which the ETHUSD rate is currently moving. And now comes a point, which will clarify: Whether we are in the impulse 5-wave structure downward or the three-wave correction is completed and the rate will move up in the 1st wave of the 5-wave upward movement. In this key and...
Ripple came out of a quite dangerous consolidation for buyers at under $ 0.9. It looks like a decline of 85% from the maximum at $ 3.5 to a minimum of $ 0.5 was enough to meet the ambitions of the bears. At least for now. So XRPUSD rose and consolidated above $ 0.9. Moreover, MA cross yesterday gave a signal to buy. Now even within the rebound of 40% Ripple could...