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Cofound.it VS Bitcoin Still Falling DownCofound.it downtrend seems to be still intact as price continues to produce lower lows and lower highs. After finding the recent high at 675 satoshis, CFI/BTC price fell down and broke the 50 Moving Average and the uptrend trendline suggesting the continuation of the downtrend. Today price produced a new lower low, and while the downtrend is expected, small correctional move up is also possible. But overall, Cofound price could drop as low as 420 satoshis, which is a strong support confirmed by two Fibonacci retracement levels and the downtrend trendline. It is also worth mentioning that back on the 29th of June CFI formed a double bottom at 515 satoshis, and currently it is trading near that level. Therefore while the downtrend is still valid, if the current support level holds, price could correct up strongly, or even reverse.
CShort
by CryptoPAMM
1
Bitcoin Potential Correction DownBitcoin has been rising since 24th of June, and went from $5780 up to the recent high at $8490 area, gaining 48% against the USD. Currently price has corrected down and found the support at the 50% Fibonacci retracement level and rejected the uptrend trendline at the same time. Overall, the trend remains bullish and at this point, while the Fibonacci support holds, the uptrend continuation is likely to take place. However, if the trendline is broken, BTC/USD might correct down further, towards one of the next minor Fibonacci support levels. Break below the trendline could also mean the consolidation between the $7350 and $7850 levels. If BTC will break below the $7350, more downside correction should be expected, and Bitcoin could reach the $7k psychological support, that is 61.8% Fibonacci retracement. Finally, if the support at $7k is broken, next support is seen at $6650, which is 76.4% Fibs. And only break and close below the $6650 could be the confirmation of the downtrend continuation.
COINBASE:BTCUSD
by CryptoPAMM
ZenCash VS Bitcoin Possible Correction DownZenCash has been trending upwards since 24th of June, and has climbed from $15 up to $34, gaining 134%. Recently ZEN/USD faced the resistance at $32, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Price has spiked above the resistance, althogh failed to close higher, suggesting the corrective move down. At the same time ZEN found the support at $28, which is 50% Fibs, that was rejected today. As long as price stays above that support, ZenCash is likely to consolidate. Currently there are two important support levels to watch, $28 and $25, which corresponds to the uptrend trendline. Break below $25 should result in further decline towards $21 and even $18. On the upside, clear break and close above the $34.6 is required in order for the uptrend continuation to take place.
BITTREX:ZENUSD
by CryptoPAMM
Agrello Continues Losing To BitcoinAgrello continues moving within the descending channel, while producing lower lows and lower highs. The downtrend is very obvious, especially with the recent bounce of the 1922 satoshis resistance and 38.2% Fibonacci level at 1686 satoshis. Today DLT/BTC broke below the 50 Moving Average, suggesting the continuation of the downtrend. Price is likely to decline towards one of the Fibonacci retracement levels applied to the recent corrective wave upwards.  First support is seen at 127.2% Fibs at 1028 satoshis, that is very close to the 1000 satoshis psychological support. Although if that support is broken, DLT could decline further towards 161.8% Fibs at 821 sutoshis, which corresponds to the middle trendline of the extended descending channel. All-in-all the trend is bearish and the only thing that could change that is break and close above the established resistance at 1922 satoshis. And perhaps daily break and close above the 2k psychological resistance could be that long waited confirmation of the upside momentum
DShort
by CryptoPAMM
Eidoo VS Bitcoin yet to hit Downside TargetEidoo has been steadily declining since the end of April when price has reached 3143 satoshis high. Since then EDO already lost to BTC over 50% and it seems that the downside momentum hasn't ended yet. EDO/BTC has formed a strong resistance at 1655 satoshis, that has been rejected multiple times, with the latest bounce occurred on the 7th of July. Price continues to move down within the descending channel and could be heading towards the lower trendline. Fibonacci applied to the First corrective wave of the descending channel shows that the strong support is located at 1180 satoshis, that is 327.2% Fibs. This could be the first downside target for Eidoo, but if broken, next support is seen at 1000 satoshis psychological level. All-in-all the support area is between 1180 and 1000 satoshis where the downtrend could be ending. But at the same time the upside reversal could be the case, but only if price manages to break above the 1655 satoshis resistance.
EShort
by CryptoPAMM
Bears still dancing. Goes downBased on my analysis: The bear rally was near to its end, but unfortunately, the archer's move is showing that we're still in a downtrend direction. We are seeing an archer's move here. The price went up significantly, but it was a false move. the bear's archer is tending up his bow to "throw" price more lower. We have a down confirmation in the last indicator at bottom too (S4W hills indicator). If I was in a LONG trade, because I saw the fast up move, I would stop it immediately. By being in a SHORT trade, it's HODL time. Don't take my words for granted. Analyze, analyze, trade, re-analyze... If you like my analysis don't forget to like and subscribe.. thank you
OANDA:WTICOUSDShort
by Atemak
Bitquence VS Bitcoin Falling DownBitquence recently found the high at 33650 satoshis, after which price went down sharply. It broke below the 50 Moving Average and then penetrated the uptrend trendline, suggesting the continuation of the move down. The Fibonacci applied to the corrective wave after breaking the trendline and the moving average, shows that BQX/BTC rejected the 127.2% level twice, that is 25450 satoshis, after which price produced a new lower low. Currently the downtrend continuation seems imminent and price is very likely to decline towards the key support at 20.5k satoshis area, that is confirmed by two Fibonacci retracement levels. First is 76.4% and second is 327.2%. Only break above the 25.5k satoshis resistance level could invalidate bearish outlook and result in the continuation of the uptrend.
BShort
by CryptoPAMM
SONM vs Bitcoin Down To SupportRecently SONM has jump up by nearly 50% after it bounced off the 8/1 Gann Fan trendline. SONM/BTC broke above the 200 Moving Average and reached 3000 satoshis high. It seems that this was a strong psychological resistance level, which SONM failed to overcome. Today price broke below the 200 Moving Average, suggesting yet another wave down. SONM is very likely to re-test the Gann Fan trendline, while correcting down to 78.6% Fibonacci retracement level at 2000 satoshis level. This is a strong psychological support as well, and if SONM/BTC will reject it, the stronger growth could be expected. But, if broken, downtrend continuation could take place sending price back down to 1k satoshis area.
SShort
by CryptoPAMM