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KEY

Bitcoin hitting Massive Long-Term SupportThis week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement. This makes the area between the $4050 and $4400 a key long-term support, which might play a very important role in further price development. If support will be respected, BTC/USD upside correction could be expected, aiming at the upper trend line of the triangle pattern. However, downside risk remains and Bitcoin could drop further. It is not a high probability scenario, but definitely should be considered as one of the possible outcomes in the coming future. Weekly break and close below the $4050 most likely will send price down to the $2400-2250 support area, which is confirmed by 88.6% Fibonacci retracement level. It seems the very important factor is that on the weekly chart price has approached 200 Moving Average and Fibonacci support, Indeed it will not be ignored, but potentially already noticed by all market participants. Well, maybe this is the turning point for the all cryptocurrency market in general and Bitcoin in particular? In any way, even if that is a reversal phase, usually a consolidation period takes place prior to the reversal. Lets summarize… while the huge support area has been reached, price is likely to reverse or consolidate. To claim that trend is reversing is far too early, especially while there are no confirmation of that. Triangle pattern should be watched for break above or below, which might give more insights of further price direction.
BITFINEX:BTCUSD
by CryptalDash
KEYBTC Positive backgroundThe SelfKey Foundation was created to advance human rights and fundamental freedoms in relation to digital identity and data. The team working on the project is made up of experts in a range of fields, including the blockchain, finance, legal, marketing, technology, and design. The SelfKey is one of the leading companies in the industry. The problem with KYC Process & Requesting Custom Attributes has been solved recently. KEY has a very strong positive fundamental background. According to Technical analysis we have been tracking this coin since the middle of November. There 5 impulse Elliot growth waves were formed. Bullish XABCD appeared after 32 hour bars of consolidation. Currently we see the same 32 bars of consolidation which finished when the price touched the support trend line and bounced penetrating green ichimoku Clouds zone. Indicators are bullish, the coin is in strong oversold zone MA intersections are in the middle of BB channel Up from this moment there should be growth to the targets mentioned in the signal. Buy zone, Stop loss and free target are at the chart
KLong
by Skyrexio
Roadmap for KEY chartJust a review, no actual bullish signs I see at the moment. But if/once BTC continue growing, KEY will follow as it follows each bitcoin move lately. Day chart Buy zone according to day chart is 77-79 or 72-74. So far the first one worked out as support, but if BTC falls, you know where to pick it up. Targets: 90-97-115. A little "concervative" targets. But beter be on a safe side. Heaviest resistance will be in 95-97 zone. One hour chart for further updates.
K
by WiseAnalyze
Bitcoin hitting Massive Long-Term SupportThis week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement. This makes the area between the $4050 and $4400 a key long-term support, which might play a very important role in further price development. If support will be respected, BTC/USD upside correction could be expected, aiming at the upper trend line of the triangle pattern. However, downside risk remains and Bitcoin could drop further. It is not a high probability scenario, but definitely should be considered as one of the possible outcomes in the coming future. Weekly break and close below the $4050 most likely will send price down to the $2400-2250 support area, which is confirmed by 88.6% Fibonacci retracement level. It seems the very important factor is that on the weekly chart price has approached 200 Moving Average and Fibonacci support, Indeed it will not be ignored, but potentially already noticed by all market participants. Well, maybe this is the turning point for the all cryptocurrency market in general and Bitcoin in particular? In any way, even if that is a reversal phase, usually a consolidation period takes place prior to the reversal. Lets summarize… while the huge support area has been reached, price is likely to reverse or consolidate. To claim that trend is reversing is far too early, especially while there are no confirmation of that. Triangle pattern should be watched for break above or below, which might give more insights of further price direction.
BITFINEX:BTCUSD
by CryptalDash
Metal is trading at Key Support; 200% - 300% growth potentialBased on our previous MTL/BTC idea, which you can find down below, it has rejected the support and broke above key resistance. Currently key resistance as acting as the support, and if it holds Metal should continue moving higher. Looking at the MTL/USD chart, price has been very inactive during past 3 months, after MTL/USD bottomed out, hitting $0.5 low. Throughout the past tree months, most trading volume has been recorded while MTL was trading near $0.7 level, where currently it is trading. This is the level of support, that might seem to be very attractive for buyers. As long as this support holds MTL uptrend is expected to start, potentially reaching $1.7 - $1.9, and targeting 200 Moving Average, resistance area. At the same time, there are several minor Fibonacci resistance levels, that should be watched either for rejection or a breakout. And finally the $1 physiological resistance could play a very important role in the near-term future. The RSI oscillator broke above the descending channel and corrected down, finding the support on the upper trend line of the channel. This seems to be an indication of an uptrend, although under one condition; current support at $0.7 remains respected. To summarise, MTL is trading at the key level, which could be a decision making price. If current support will hold, uptrend should start. Break below the support could result in further consolidation between $0.5 and $0.7 levels. Support: $0.7 $0.5 Resistance: $1.0 $1.9
BINANCE:MTLUSD
by CryptalDash
KeyBTC Breakout, Stop-loss and ScenariosHello Guys! KeyBTC shown good performance last night with 17% profit in the bloody market. Currently RSI, Chart and MACD show correction. If any candle placed below the green line new support should be 116 and hodlers should stop-loss at 122. New buyer will show them self in the battle zone (110-116) and push the price higher to 144. In this Scenario if breakout happens in 144 you can sell for 158 and open. Bad Scenario is below major support 116, If that happens we should wait for new patterns. In this case the next critical support is 102. Good Scenario is testing 144 resistant again Now.
KShort
by Vahid1911
Monero transaction cost went down by 97%After the recent Monero upgrade, mentioned in our previous idea, XMR transaction cost went down by 97% That is extremely positive news for Monero, which by now, should have already been digested by the market. But at the same time, Bitcoin downtrend could have affected the price of Monero, holding it back from the potential growth. Maybe, after BTC price will find the support, stabilizes or reverse to the upside, XMR will enjoy a fast and strong recovery. Investors should pay attention to the current price of Monero as it sits right on the support, failing to break below. Currently XMR is trading near very important physiological support, that is $100. Not only it's a round number, but also a Fibonacci level - 61.8% and $88.6%. It makes it a very strong level, that will not be left without massive attention. Investors are likely to watch the low produced on the October 12, which is $99.55. Daily break and close below, will substantially increase the risk of further downtrend. In that case, price can reach next support at $90. On the upside, if support will continue to be respected by the market, Monero should reverse to the upside, or at least continue the consolidation. Strong resistance is located at $115 area, which is 61.8% Fib resistance level, that goes along with the high trade volume price. Break above $115 should invite more buyers and price can reach the $125 resistance. All in all, Monero remains a very attractive coin, especially considering the fact that price remains above the $100 mark. Nevertheless, there was no confirmation of the uptrend, thus making it a risky short-term investment.
POLONIEX:XMRUSD
by CryptalDash