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Jaxx

Don't forget about Zcash!Zcash was valued way to high when released, which at its time was a genius marketing move, but not so much for the traders. Technical Not much information to go on, chart kinda messed up because of the insane valuation at start. But we have a wedge, and I will be buying the breakout. Looking for it to go as high as 0.145 for this trade. Buy In (0.065) Stop Loss (0.0485) or under trendline. Target (0.145) Fundamental I expect much of this move to be made because of the latest news on Zcash: cointelegraph.com But Zcash is really undervalued. Sitting at 83mil marketcap at the time of writing. Yes there will be much more coins, but we have over 1 million already and I excpect the demand to overtake the supply in the coming days/weeks. There is big hype around crypto and especially altcoins now a days, and Zcash should have a higher valuation. If you read more into the article provided above you can also see that the team is planning some releases and will work closely with Ethereum, which is very positive for the coins valuation in my perspective.
Long
by Kryptokelly
5
Will Monero (XMR) hit a new all time high in May?A bullish pennant (in green) has been developing since a bounce off of support at 0.0096 in late December 2016 reaching a peak and finding resistance at 0.0167. A cup & handle pattern has been clearly identified and at first it looked as though XMR would be ready to take off in early February 2017 buoyed by the anticipation that Jaxx would be adding an XMR wallet to their multi-platform app. As news came out that this addition would be scrapped for the foreseeable future the price took a tumble below Support Line A which had been holding since November 2016. The price eventually found support around 0.0118 and from this we can see that Support Line B has begun to form which has held firm for roughly 2 weeks now. On 14th February we began to see a rapid climb up in price again, almost reaching the price level of late January, but it was unable to break through Resistance Line A (formally Support Line A), where the top line of the green pennant transects with Support Line A at 0.0137. This coincides with Bitcoin's current bullish sentiment, which despite the negativity coming out of China that BTC and LTC deposits and withdrawals would be halted on Chinese exchanges for a month whilst AML (Anti-Money Laundering) systems were upgraded, anticipation of the BTC ETF getting the go-ahead along with issues of a far greater geo-political context are encouraging a run into BTC for speculative as well as safe-haven purposes. Bearish sentiment should be prepared for however if the ETF gets rejected, and one major crypto-currency which could gain the most from this result is XMR, which unike ETH for example, is designed to be a currency, whose privacy features are far more advanced than BTC and is not currently bogged down by the infighting surrounding the blocksize debate. Now, looking at the pattern as it has developed so far, we can already see that XMR peaked in Sine 1 in September 2016 followed by a trough in Sine 2 in November. A peak occurred again in Sine 3 in January 2017 and it is here we can see the price working its way down (even though the pennant is bullish) aiming for Support Line C. All signs currently point to a much higher trough in Sine 4 (a higher low) which is a very positive sign. If sentiment for Monero holds strong we might see a break outwards and upwards of the pennant by the end of February 2017 with Line B as the support until a break through Resistance Line A is achieved. This would take us into Sine 5 - the area judging by previous price movements which can be expected as a peak price area with a pinnacle price point in May. If sentiment veers more to the weaker side we could see the price drop through Support Line B to continue the part-completion of the pennant. However, as indicated in the chart, pressure from Support Line C along with support around 0.0118 could then be the springboard which propels the price upwards into Sine 5 beyond the level achieved in Sine 3. Currently the pennant suggests that when it completes, the price it targets is 0.0185 which is in a region of resistance/support from way back in the Sine 1 time-frame. A break through this area might help propel us into the 0.0200 zone which could then very well see a new bubble in price forming as excitement surrounds where it will rise to next. Will Monero hit a new all time high in May? To be continued...
Long
by CryptoCoinNomad
1
Monero to test long-term support level?We had previously expected XMR to make a significant move upwards due to: (1.) BTC pulling back; (2.) XMR wallet on Jaxx, release scheduled for 21st Nov www.reddit.com However, (1.) Due, probably in large part, to real world economic factors such as Yuan devaluation, Indian demonetisation and a run to an alternative 'safe haven' while gold and silver turn bearish. BTC is looking strong again and is continuing it's climb up and attempting to punch through resistance around $760. (2.) Jaxx have posted a progress update which suggests that the planned release of their XMR wallet on the Jaxx platform may be put off till an indefinite date www.reddit.com (3.) Head & Shoulders pattern suggests a move down. (4.) Bearish flag suggests a move down. For these reasons, we can expect XMR to continue a bearish decline until interest is rekindled by the scheduled hard fork on Jan 5th.
Short
by CryptoCoinNomad
2
Monero (XMR:BTC) StudyBTC has returned with support above $700 which will have pressure on XMR price. This could slow down the time it takes to re-attempt or exceed previous all time highs. If pressure is maintained on XMR we could expect a slow and steady climb until Jan 17th's hard fork. However... Jaxx are currently targeting 21st Nov as the date that XMR is added to their multi-currency GUI wallet platform. History shows that this is likely to have potential for a rapid price rise. Currently waiting to see at which point XMR breaks out of the channel its been in since end of Oct - beginning of Nov.
Long
by CryptoCoinNomad