Incent VS Bitcoin Ready To GoAfter finding the support at 2400 satoshis, Incent has started to consistently move up, producing higher highs and higher lows. At the same time price is rejecting the uptrend trendline, 23.6% Fibonacci retracement and currently trading above the 200 Moving Average.
Seems that it is only a matter of time for INCNT/BTC to break above the previous resistance at 4940 satoshis and produce a new high. There are two major resistance levels to watch, first is 5700 satoshis that is 161.8% Fibs of the current corrective wave down. Second target is 261.8% Fibs, that corresponds to 88.6% at 7100 satoshis. Break above the second target could result in the beginning of a stronger growth and should potentially send price much higher.
However, on a downside, break and close below 3660 satoshis support should invalidate bullish outlook and downtrend could start to dominate.
Buy-target
Lunyr Next Step UpFollowing the previous idea on Lunyr, price has reached the projected resistance and broke above it suggesting the uptrend continuation. Price has reached $40 high and corrected down sharply, while currently trading at $18.
But overall trend remains bullish as price rejected the uptrend trendline, 50 Moving Average and managed to close above the previous resistance at $13 with confidence. The next resistance is located at $43 area, that is 38.2% Fibonacci retracement applied through the previous all-time high.
It seems that LUN/USD is getting some more upside momentum and growth could take a parabolic shape. At the same time consolidation could take place and price might return back to $13 support area.
Stellar Could Grow x2Stellar continues to move within the descending channel producing lower lows and lower highs. Trend remains bearish while price formed the low at $0.15.
The most recent bounce of the upper trendline of the descending channel was on 28th of May and since then price has formed the resistance at 0.23. In order for STR/USD to start moving higher $0.23 resistance must be broken with a daily close above that price.
It that happens, Stellar is likely to start correcting upwards and potentially double in value, as the next strong resistance is seen at 88.6% Fibonacci retracement, that is $0.44.
On the other hand if resistance will be rejected, yet another wave down could be expected towards previously established low at $0.15 or a psychological support at $0.1
ICON vs Bitcoin Short Term Bullish PotentialIcon has found the bottom at 2140 satoshis and under the heavy volume went up, breaking above the downtrend trendline. Price has reached 4744 satoshis high and corrected back to 2900 satoshis, which is the breakout point of the downtrend trendline.
There price has formed a bullish divergence on the RSI oscillator, suggesting that the uptrend is likely to continue. The first strong resistance is seen at 227.2% Fibonacci retracement, that is 7200 satoshis area. Break and close above that resistance would most likely trigger a heavy uptrend resulting in the exponential growth. On the other hand rejection should result in a correction or a consolidation.
Break and close below 2500 satoshis should invalidate short term bullish outlook and could extend the consolidation and perhaps send ICX/BTC slightly lower.
Internet Of People 200% Growth PotentialInternet of people reached an all-time high on 2nd of January, hitting $12.86. The price then strongly corrected down to $4.3, losing 65% to USD. Price found the support at the 76.4% Fibonacci retracement level that was rejected cleanly.
IOP/USD then consolidated and returned back to the 8/1 Gann Fan trendline, which today was tested and it seems being rejected. If the support area around $4 holds, IOP is likely to continue moving higher towards $14 target confirmed by two Fibonacci retracement levels applied to the corrective wave down after resistance breakout on 29th of November and the recent corrective wave down after 2/1 Gann Fan trendline breakout.
Therefore, the potential gain could be as high as 200% and this is only the nearest target. On a downside, only break and close below $3 could invalidate bullish outlook.
Lisk VS Bitcoin Waiting For Range BreakoutFollowing the previous idea on Lisk VS Bitcoin , it has reached the upside target at btc 0.0022 and broke above it, signaling on a potential uptrend continuation. However, price failed to close above the resistance although managed to produce multiple spikes above it.
At the same time, the support at btc 0.0013 has been rejected, together with the upper trendline of the descending channel and 200 Moving Average. All-in-all it can be said that LSK/BTC remains in the consolidation mode with the high probability of breaking above the resistance and continuing the uptrend. As soon as it goes above btc 0.0022, further growth should be expected where the next target is seen at btc 0.0055, confirmed by two Fibonacci retracement levels.
AUDCAD Bullish 0.98 targetI believe it is possible for this pair to reach my target of 0.98, i was waiting for a closing candle on the major SR line and think this trend will now continue.
NZDJPY bat pattern trade setup for next weekVery nice bat pattern on the NZDJPY pair hourly.
Look to enter the trade at 76.377.
SL at 75.720.
Profit targets set at Fibonacci levels.
