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.
Buy-signal
$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.
CoinDash Easy x2CoinDash bottomed out at $0.029 after which the consolidated started. CDT/USD continues trading between $0.03 support at $0.055 resistance. While the trend remains bearish, the recent break above the 50 Moving Average suggests that the price could correct higher.
The key resistance is seen at $0.092, that is 23.6% Fibonacci retracement level applied through the all-time high. It corresponds with the upper trendline of the descending channel as well as the downtrend trendline.
At this stage small correction down is likely, to test 50 Moving Average once again. However, it is should take long before price reaches the $0.092 resistance. Break and close above it will open much more upside potential, while rejection should result in a correction down, perhaps back to $0.29 to produce a double bottom.
Cardano VS Ethereum, How Far UP?Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend.
Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen at ETH 0.0028, that is just over 10 times the price of the recent bottom, which was ETH 0.00026. Also, the target level corresponds to the 261.8% Fibonacci retracement level.
The x10 growth is expected during the currently starting wave up and should be the very first upside target. Break above it could send the price much higher, but it yet to be seen if the resistance will be rejected or not.
LBRY Credits Chance Of ReversalLBRY Creadits downtrend could have come to an end, as price found the support at 0% Fibonacci applied to the uptrend trendline breakout point. The support has been rejected cleanly followed by the break above the downtrend trendline.
The chances that the corrective wave up will follow are quite high, although this could take some time. Price still could go slightly below the $0.15 support or produce a double bottom prior to moving higher. The very strong resistance area is based near $0.3 and could be the key level in the medium term future. Break above $0.3 should confirm the trend reversal, while rejection could extend the consolidation.
SALTBTC combination of positive factorsWe gave the signal yesterday, combination of positive indicators status and bullish patterns started an impulse growth which brought the price to our 3rd target, there is one more impulse left be ready to fix profit. We will provide you with profit report later.
Ark Starting To Look StrongArk has found the bottom at $1.77. That is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support has been rejected cleanly, and the bullish divergence was formed on the RSI oscillator. The following wave up resulted in break above the downtrend trendline which could be the trigger for the strong move upwards.
The strong resistance is seen at 50% Fibonacci retracement level that is $6.7, and a potential 150% rise from the current price. Break and close above the resistance should confirm strong uptrend, while rejection could result in a consolidation or a correction down.
On a downside, break and close below the $1.7 support should extend the consolidation and could send price lower.
BitBay VS Bitcoin Upcoming WaveBitBay has found the support at 464 satoshis, that is 127.2% Fibonacci applied to the corrective wave up after the 820 satoshi support breakout. The Fibonacci support has been rejected cleanly followed by a strong wave upwards.
The correction down followed along with the consolidation, where BAY/BTC has been trading around 500 satoshis nearly two weeks. But now volume in increasing once again and BitBay could be ready to go up.
The strong resistance is obviously at 820 satoshis and this could be the very fist upside target. Break and close above it should confirm long term uptrend.
Ubiq Coin Approaching Strong Psychological SupportUbiq Coin currently trading at $1.32 and continues to reject the downtrend trendline. The downtrend remains valid, although UBQ/USD has formed a bullish divergence on the RSI oscillator suggesting that the correctional move upwards could be on its' way.
In order for the price to start rising the $1.6 minor resistance must be broken with a daily close above it. When/if that happens Ubiq is likely to move upwards towards one of the Fibonacci resistance levels, either $2 or $2.2, that is 38.2% and 50% Fibonacci levels.
If it continues trading below $1.6 resistance price could drop down further, to test strong physiological support level, which is $1. Rejection of that level should result in a corrective wave upwards, while break below is likely to result in more consolidation.
Aelf VS Bitcoin - When Will Grow?Aelf has reached an all-time high against the Bitcoin on the 25th of January, hitting 22k satoshis. Since then price corrected down strongly and Aelf lost 74% to Bitcoin, while it found th elow at 5600 satoshis.
The RSI oscillator has formed a bullish divergence suggesting the either a corrective wave up or a potential reversal to the upside. However, currently there is strong resistance at 9k satoshis that ELF/BTC must overcome, yet it continues to reject it.
If Aelf will continue trading above the previously established low and breaks above the 9k satoshi resistance it could provide further upside momentum, sending price higher. Next resistance is seen at 38.2% Fibs, near 12k satoshis, and then 50% Fibs near 14k satoshis. Daily break and close above 14k should confirm the long-term uptrend.
On a downside, ELF/BTC will continue trading below the current resistance, further decline is possible, and price could go back down to 5.6k satoshis or even slightly lower.
