IOTA short term recovery possible but not looking goodAfter completing a big double top formation, IOTA got caught in a downward channel. It was saved for some time by horizontal support which broke today. Also RSI is pushed down by a negative slopeline. If this RSI-line breaks a retest of horizontal support around 0.000193 seems likely, if the RSI-line doesn't break and goes deeper into oversold area IOTA might leave the current channel on the downside! Most likely though is that IOTA will stay in the channel retest former support which will become resitance, after which IOTA should form a lower low.
Coins
BITCOIN Daily Update (5/9/17)Bitcoin currently having a sell down.
However, imo, it has to ask the support zone of 3800 before it could drop further.
I am seeing some kind of support at 3800 for a nice rebounce.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time
Monero: new long positions wait for backtest old resistanceMonero took out the old resistance at approx 0.025 with a bang on news it will get listed on Korean exchanges. It didn't bother to look back very much, just went for the moon :) In this proces RSI has formed a beautiful example of batmansears (double peak). Look for RSI to fall in the coming days and Monero to test the old resistance line. It is a horizontal line that has served as tough resistance in the past.. and it would surprise me if Monero does not give it the courtesy of a short revisit. Expect the line to serve as support this time and for Monero to continue its travels upwards after a succesfull test.. But don't act until the backtest has been succesfully performed, a break would give more downside potential.
React don't anticipate!
Neo more risk on the downsideA week ago I wrote the most possitive scenario for Neo's price in the near future would be a neutral range. After leaving the apex of the triangle Neo formed a lower high and indeed went on sideways till today. Horizontal support broke, the drop stopped at an old peak-price. Then former horizontal support got back tested and now serves as resistance, the break of this supportline is a fact! For now we are confined between former support around 0.0081 and renewed support at former peaks price around 0.0064. On short term a revisit and maybe even a break of 0.0064 seems more likely than regaining the 0.0081.
Stratis crossroads within rectangular pricemovementSix weeks ago Stratis broke a downward resistance line only to get caught in horizontal price movement. Current boundaries are around 0.001225 at the bottom and 0.0025 at the top. Still a very nice playingfield for traders! Currently Stratis price is at a resistanceline within this rectangular box (around 0.00166). A break of this intermediate line would see Stratis move up towards the upper horizontal line, otherwise the bottem of the rectangular box looms again!
Be aware there are buzzes of news coming out for Stratis in the near future.. this might be the reason behind the last 3 green candles.. No way of knowing how the possible news will play out: break or disappointment.. be careful!
Ripple failed break.. or back testing?Four days ago Ripple broke out of the downward channel to ran in to an old peak resistance line. RSI recovered from oversold conditions.
The question now is will the upperband of the old downward channel serve as support.. or is this nothing more than a failed break and will ripple fall back in to its old downward channel..
For me its to hard to tell right now..
RIPPLE Daily Update (15/8/17)0.14 is a nice support
The big boys coins has all makes its move.
I am seeing the next possible big move will be this coin.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
ETH Quick FixAfter a few rough looking days (good for shorter like myself) I believe we are going to see the bounce back of ETH to $325-350usd. If you were like myself you would have loved the short and rebuy of ETH yesterday. I was still expecting a few more bounces but it seems I am wrong. Anyone who bought at $206 yesterday, great work shout a few drinks for your mates this weekend. If you havent bought into eth, you've still got a potential $50 gain on each coin in the near future.
Pretty simple graph as the markets have been pretty readable because of such a big fall.
Bulls out of energy drinks.After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less.
It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a fresh round of buying to commence pushing us up further.
I will be shorting $570 with a $590 stop loss. I will be shorting $620 with caution if we don't return to $570.
I will be long $540-580 zone where I'm assuming the energy drinks will be back in stock.
Good luck.