Lunyr Solid UptrendAfter finding the bottom at $6.75, Lunyr has established a solid uptrend, continuously producing higher highs and higher lows. Clearly price is bouncing off the uptrend trendline and recently rejected the 23.6% Fibonacci support level.
All-in-all the trend is bullish, but in order to move higher, LUN/USD has to produce a new high while closing above the $17.72 resistance level. When/if this occurs, Lunyr should move towards the 61.8% Fibonacci retracement level, that is $26.6.
On a downside, the strong support is based at $14 area, where the uptrend trendline as well as the 23.6% Fibs support were rejected. Close below that level should invalidate bullish outlook and could result in a stronger correctional move down.
Buy-signal
BitcoinCash Soon Could Reach $2000BitcoinCash bottomed out at $600 and price started to grow at a very high rate. BCH/USD has gained over 200% in just one month while hitting the $1845 high. Currently BCH has corrected won and seems that it has found the support at $1270 where it rejected the uptrend trendline.
If the uptrend trendline will be able to hold the price the uptrend continuation should take place. The next upside target is seen at $2025, that is 161.8% Fibonacci retracement level, not to mention that this is a very strong psychological resistance.
Nevertheless, the consolidation could take place before price will move higher. But only break below the uptrend trendline should push price down to $1150-1220 support area.
NANOBTC curve like movementOn a mid and long term timeframe charts the coin look very bullish. Technical indicators are in buy state, the price moves in curve like pattern bouncing from the trend line. Currently The asset is in oversold state and has bounced from its trend line. The price is about to enter Ichimoku cloud zone hence it should break local resistance. Stoch RSI and CCI confirms the possibility of such scenario. Fundamental analysis is also great: version 13.0 of the Nano Node has been released recently, update becomes more popular each day. The team visited the biggest crypto conference two days ago and plans to integrate in Ledger
Bluzelle Might Double Your BitcoinsBluzelle found the bottom at 3300 satoshis and started the uptrend while continued to move within the ascending channel. But recently price broke above the channel and on the corrective wave down rejected the upper trendline of the channel as well as the 50 Moving Average, suggesting the continuation of the uptrend.
The very strong resistance is seen at 14400 satoshis, which is confirmed by two Fibonacci retracement levels, 727.2% and 1127.2%. If/when this target is reached, the value of Bluzelle should double against the Bitcoin, since currently it is trading at 7250 satoshis.
On the downside, the correction down is possible and price could get back to the 5k satoshis support. Also BLZ/BTC could consolidate for a some time before moving higher. All-in-all it seems that there is an established uptrend with a high probability of a growth continuation.
Augur Short Term 80% Growth PotentialAugur has found strong support at $23, and started to move higher breaking above the downtrend trendline. But what is more important is that this week REP/USD managed to close above the 200 Moving Average, not to mention that the price continues to produce higher highs and higher lows.
The trend now seem to be very bullish and the Augur rise is likely to continue. The very strong resistance, that is potential upside target, is seen at 50% Fibonacci retracement level, that corresponds to the previous uptrend trendline. Only break and close above $75 resistance level should confirm a long term bullish uptrend. However, rejection of it, could result in a consolidation and potential correctional move down, back to the $40 area.
On a downside, price could return to the downtrend trendline breakout point, that is $27, but only break and close below the $23 support would invalidate bullish outlook.
NAVCoin VS Bitcoin Range BreakoutNAVCoin found the bottom at 11k satoshis after which range trading begun. NAV/BTC was moving between 11k support and 14.5k resistance for over a month. But on the 18th of April it finally broke above the range suggesting the beginning of an uptrend.
Just recently price rejected the uptrend trendline and currently finding the support at the previous level of resistance. The uptrend probability becomes high and price could jump as high as 28.5k satoshis, confirmed by two Fibonacci retracement levels.
On a downside, break and close below the 10k satoshis psycological support should invalidate bullish outlook and potential result in a downtrend continuation.
Dash VS Bitcoin Interesting TimingAfter Dash has found the bottom at btc 0.042, RSI oscillator has formed a bullish divergence and price has started to move up. DASH/BTC broke above the 50 Moving Average and then above the downtrend trendline, suggesting trend reversal.
Dash has reached the high at btc 0.059 and corrected down to btc 0.05, where it found the support at 50% Fibonacci retracement level and 50 Moving Average. The support has been rejected so fart and it looks like an interesting timing as from this point onward price could continue moving higher.
The next upside target is seen near 61.8% Fibonacci retracement area, that is btc 0.072. Previously price found the support and then resistance at the very same level. Break above that resistance could send price much higher while rejection should result in a strong corrective move down.
On the downside, break and close below the current support, that is btc 0.05, could send price down to btc 0.04 support to form a double bottom.
Bread VS Bitcoin Resistance To WatchBread token has found the bottom at 4800 satoshis and started to move upwards. While BRD/BTC has been ascending, the price moved withing the uptrend trendline, rejecting it multiple times. At the same time it continues to produce higher highs and higher lows suggesting the beginning of an uptrend.
There are two major resistance levels to watch, first is at 38.2% Fibonacci retracement level, that is 11k satoshis, second and key resistance is at 76.4% Fibs, that is 17.2k satoshis. Break and close above second resistance could send Bread token to the stars, while if rejected, a strong correction is very likely to take place.
On a downside, the uptrend seems to be obvious, although price could retrace back, down to either the uptrend trendline, 50 Moving Average, or in the worst case could form a double bottom at 4800 satoshis prior to moving higher.
Counterparty Long Term ViewCounterparty seem to find the bottom near $10 psychological support area. Price has reached the low at $9.63 where it rejected the uptrend trendline. Current price action suggests that the long term uptrend is likely to continue, especially after the 50 Moving Average has been broken on a Daily chart.
There are two resistance levels to watch, first is 76.4% Fibonacci retracement level at $82, second is $130, that is 127.2% Fibs. Counterparty remains one of the most undervalued coins right now and it could potentially have a huge growth this year, especially if it manages to break above the $130 level.
On the downside, while XCP/USD is holding the 50 Moving Average support price is likely to continue moving upwards, but only break and close below $16 support could send it back to $10 support.
$TRX TRON Chart Looking Prime; Ready for a runThis one has been hard to predict, but I'm seeing some rumblings in the price movement that could be a sign of things to come. On this interval you can see the beautiful cup-and-handle set up + flagging jumps on the incline. I expect we'll see 750sats sooner rather than later.
Factom VS Bitcoin Breaking AboveFactom continues to rejected the uptrend trendline and today FCT/BTC finally broke and closed above the downtrend trendline which suggests the beginning of a correctional wave up or a trend reversal.
The upside move could be either strong a weak depending how price will react on the fist strong resistance at BTC 0.0038. If it will be broken with confidence the next wave up should result in a growth towards BTC 0.0055 are, which is the key resistance.
Although it is unlikely for the Factom to continue the downtrend, the worst case scenario could be the move down towards BTC 0.0025 support.
TenX Pay Token Could Be Worth x2 SoonAfter finding the bottom at $0.77, TenX Pay Token went up, breaking above the descending channel and the 50 Moving Average. This suggests the continuation of the bullish momentum that could result in PAY/USD rising towards $3, that would potentially double it's current value.
Although there is strong resistance at $1.64, that has to be surpassed first. This is 61.8% Fibonacci retracement that corresponds to the downtrend trendline. Break and close above this resistance should push price higher, up to $3, that is much stronger technical as well as psychological resistance level.
It is unlikely that from this point there will be any major move down and the rise is expected to be smooth. Nevertheless close below $0.77 should invalidate short term bullish outlook and extend the consolidation.
Dash Rejected Strong SupportSince Dash reached an all time high, hitting $1600, it has lost over 80% to the USD. But this week it found the support at 88.6% Fibonacci retracement, where price failed to close below. In addition the uptrend trendline has also been rejected, suggesting that DASH/USD could have reached the bottom.
Perhaps now is the time for a trend reversal or at least a strong corrective move upwards. The first resistance is at $647, and the second, key resistance is at $683, both of which correspond to the Fibonacci retracement levels. If Dash would manage to break above the $700, it should confirm long term bullish uptrend, while the rejection should result in a corrective wave down.
On a downside, only a daily break and close below the recent low at $268 could invalidate bullish outlook and extend the consolidation.
NEM is Now Listed on BinanceJust a few hours ago NEM coin has been added to Binance and XEM/BNB, XEM/BTC, and XEM/ETH trading pairs are now available for trading. This news certainly can add trading volume for this coin and potentially boost the upside momentum that seems already started.
After a strong correction for the 13.5k satoshis high, currently, XEM/BTC is trading at 3750 satoshis, which could seem an attractive and cheap price for investors. Technically, XEM/BTC trend remains upwards as the 227.2% Fibonacci channel trendline has been broken on a daily chart. The two Fibs applied to the corrective waves after the downtrend trendline breakout point to the 21k satoshis as an upside target, which is almost 500% potential gain. While NEM is trading above 2440 satoshis support the uptrend is likely to begin.
However, break and close below the support could send price back to 800 satoshis and/or extend the consolidation period prior to the uptrend.
LBRY Credits VS Bitcoin Buying OpportunitySince January, on a corrective wave down LBRY Credits already lost 74% to Bitcoin, while the current low has been found at 2400 satoshis. At that level, LBC/BTC rejected the upper trendline of the descending channel, formed back in December 2017.
However, after bouncing off the channel, price failed to break above the downtrend trendline, leaving some uncertainty behind. At this stage, LBRY Credits could continue to consolidate between 2400 and 3250 satoshis, but the break above the local resistance could trigger a wave up, towards 5k satoshis resistance. This is the 38.2% Fibonacci retracement level, which also corresponds to the uptrend trendline breakout point.
But, if the resistance will be respected by the market, the price might go lower towards 2k psychological support, and break below that price could push it even lower, back to 1000 satoshis area.
Cardano VS Bitcoin - Time To Buy?Cardano felt extremely strong during the December 2017 rally, and it went up from 250 satoshis up to 9180 satoshis, that is nearly 2500% growth in just over a month.
ADA/BTC currently has corrected down to 2360 satoshis, where it is currently trading. At this level, Cardano should find the support, confirmed by the 76.4% Fibonacci retracement level. If the support holds and the downtrend trendline is broken, the bullish falling wedge pattern will be confirmed resulting in the continuation of the uptrend.
As the bullish divergence is forming on the RSI oscillator, and price facing Fibonacci support, the reversal probability remains very high at this point and perhaps the buying opportunity is already there.
Adex VS Bitcoin +630% PotentialAdex is currently trading within the descending channel, although on the last wave up it failed to test the upper trendline of the channel and went down. The decline was stopped at the 10k satoshis, that is a strong psychological support as well as 76.4% Fibonacci retracement level.
While the support is holding it is very likely that ADX/BTC could establish an uptrend, towards 74k satoshis resistance confirmed by two Fibonacci retracement levels. That is 630% growth potential over the Bitcoin.
On a downside, daily break and close below 10k satoshis could extend the consolidation and send price back to 5.5k satoshis support, nevertheless, that price should be far more attractive for buyers.
Monaco VS Bitcoin BreakoutMonaco coin has found the support at 57k satoshis and went sharply up towards 165k. The uptrend failed to continue and the price went all the way down to 57k satoshis area. The consolidation continued, but today Monaco finally broke above the downtrend trendline suggesting the beginning of an uptrend.
Fibonacci applied to the corrective waved down after both downtrend trendline breakouts suggest the potential upside target at 20k satoshis area, that is almost 100% growth from the current price.
On a downside, break and close below the 57k satoshis should invalidate bullish outlook and extend the consolidation.
Nexus Could Double In Value SoonAfter hitting the low at $1.2, Nexus went up and broke above the triangle pattern. But then it consolidated for a while and now seem ready to start producing higher highs and higher lows.
Fibonacci applied to the corrective wave down after the downtrend trendline breakout, shows that the nearest strong resistance is at 361.8% retracement level, that is $2.3. Although if that resistance is broken the next upside target could be at $3.25.
In the worst case scenario NXS/USD could go back down to the downtrend trendline before moving upwards, although the recent spike up shows more of a bullish intentions in the short term.
