On the daily charts, NEO corrected after reaching $ 200 and was able to rise above the slow moving average, maintaining a positive medium-term attitude. The indicator "Crossing of moving averages" is in the purchase since December 11 and the price of $ 30. Analysing the waves, there was a three-wave correction for an upcoming large wave of growth. On weekly...
In the previous review on ETHUSD, we wrote about the reversal trend on the daily chart. This assumption was mainly based on the Elliott Wave Theory. Now the idea of selling Ethereum got confirmed by the trend indicator: "Crossing of moving averages." The Crossing occurred on Monday and today the price returned to the slow moving average from below. This is an...
Ripple on the daily candle chart drew an almost symmetric picture in relation to the maximum point. After the growth comes the fall. Pump and Dump ... Technically, there are all signs of a downtrend. On the weekly chart, XRP caught on to the fast moving average, leaving a chance for the buyers. However, this chance looks more and more illusive ... Symmetry, a pump...
Litecoin exited the range, breaking through the support level on $ 200 and testing it from below, now as the resistance. Thus, we can state the development of a downward trend. And since, according to the axiom of technical analysis, the trend is more likely to continue than to change, so further decline is more likely. The support zone starts at $ 100. Resistance...
During the third week of 2018, the most capitalized cryptocurrencies became much cheaper. Bitcoin fell below the key support level and its share in total capitalization slightly increased (to 34.5%) The mass sale at the beginning of the last week was replaced by a rebound to half of the decline. The number of billionaire-coins increased to 33, and their total...
As we wrote in our previous review, on the level above $2,400, the bears showed their strength and took over the initiative And now $2,000 is already the resistance level, limiting the rebound from a minimum of $1,350. Buyers are demoralized. Trading volumes fell. The indicator "Crossing of moving averages" is showing sale. The slow moving average has been...
The signal to buy from MA cross, which we wrote about in the previous review, was false. IOTUSD continued to decline and fell below the key support level of $ 3,- now it became the resistance level, and therefore a good mark to sell. While the rate remains below $ 4, further decline is likely. Its ultimate goal can be $ 1 or even $ 0.5
On the day before yesterday, a sell signal was spotted on the daily chart of XEMUSD, it came from the indicator "Crossing moving averages" Since then, the price did not bounce back, exacerbating the bearish picture. According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new...
XMRUSD yesterday, "sawed off" the emerging growing trend. Often, this graphical pattern ends sadly for the bulls. The minimum was set at $ 240 - at exactly the half of the absolute maximum at $ 480 If the price does not return to a $ 370 mark or higher, it will be a Down-trend picture. If it does return, then it would be a flat. To ascertain the resumption of a...
Yesterday, Bitcoin fell below the key support level, which we mentioned in the previous review: the $ 12,000 mark At the same time, the rate updated the 30-day minimum and BTC is currently trading on the levels of early December. There is no doubt that the bearish trend is now on, and technically, the support level capable of reversing the decline is between $...
DASH traders today are testing the strength of the most important support zone of $ 800- $ 900 If it does not stand, then technically there will be no hope of bull's game .. The intersection of moving averages confidently indicates sale. The slow moving average has turned down. Thus, if the bulls do not hold the $ 800 marker, then this is a bearish trend with a...
In the second week of 2018, the main cryptocurrencies behaved differently. Bitcoin completely lost the achievements of the previous week and its share in total capitalization has slightly decreased (to ~33%) It seems that significant funds of investors' continues to flow into the grown Ethereum and NEO. Ripple isn't at it's best shape and got significantly...
ETHUSD on the daily chart showed a classic Elliott 5-wave growth directly from the textbooks on technical analysis. Yesterday's update on the maximum and today's rollback is a serious bid for the reversal pattern "Double top". And as soon as the vertex is found, a large three-wave correction will begin, the classical ultimate goal of it is the point at the very...
In our previous LTCUSD review, we wrote about a disturbing head with shoulders figure that appeared on the chart. It actually did stop the growing trend, but did not lead to a reversal and a fall, at least for now. Now we see an obvious flat trend with all its signs in the form of intertwining moving averages and the rate testing first the upper then the lower...
Ripple has been in the spotlight for weeks. First, 3 amazing takeoffs. Then the collapse for the half of the price ... As a result, on the weekly and daily charts, we see the breakdown of the growing trend. Now the rate hooked on the slow moving average on the daily chart. However, the fact that it was not been able to bounce off it for three days by the day's...
Yesterday BCHUSD closed above $ 2800 and this foreshadowed a new wave of growth. Even despite the indicator "Crossing moving averages", which has been showing sale for several days. However, today's return of indicators "to the original positions" looks like a bad sign for the buyers ... Very often, the fall begins: with a false breakthrough of the established...
QTUMUSD drew a double top from the resistance level at $ 80 The slow moving average stopped growing and even decreased slightly already, despite the fact that the current indicators are staying near ... Of course, the slow moving average at $ 50 and the lower bound of the range of the second half of December at $ 40, provide support to the market. However, the...
Despite yesterday's noticeable decline during the day, IOTUSD managed to close only slightly below the moving averages. And the indicator "Crossing moving averages" at the closing of the day gave a buy signal. As you can see on the chart, the last buy signal gave a 700% profit: entry at a $ 0.5 mark and the exit on $ 3.5. Let's see how it will be this time....