PowerLedger VS Bitcoin New All-Time High?PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi.
On a corrective wave down it rejected the previous resistance at 7600sat, that has been acting as a support. Yesterday PowerLedge once again attempted to break below this resistance but failed as it only managed to produce the spikes that went lower, but no definitive breakout has been recorded. Not to mention, that price rejected the 4/1 Gann Fan trendline.
This could suggest that POWR/BTC might continue going higher where the next upside target is seen at 15.5k sats. Break above that resistance should confirm further strength and should send it much higher, therefore that level should be watched closely. On a downside note, only a break and close below the 6.4k sats could invalidate bullish outlook.
Long-signal
NavCoin To Form Double Top?NavCoin is clearly trending upwards while printing higher lows and higher highs. NAV/BTC gained 300% over Bitcoin in just under a week, rising from 8.6k up to 33.8k satoshi. The corrective wave down followed, and the price dropped to the 22.7k satoshi.
This is the key support for NavCoin as multiple supports were rejected. First is the previous low established just before the last wave up. Second is the downtrend trendline and third is the 3/1 Gann Fan trendline. The support is strong and should result in at least one wave up towards the previous high at 33.8k satoshi. On the downside, only a daily break and close below 22.7k level could result in further correction down.
Stellar Lumen Still FlyingLumen continues trending upwards while producing higher highs and higher lows. On the last wave up it produced an all-time high, hitting $0.97 and breaking above the 427.2% Fibonacci resistance level applied to the last wave where 200 Moving Average was rejected.
Following corrective wave down resulted in the 60% decline and price went as low as $0.4, where 200 Moving Average was rejected once again. After, XLM/USD went up breaking the downtrend trendline suggesting that the uptrend is now likely to resume. The first strong resistance is seen at the $1.18 where two Fibonacci retracement levels are inline. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Gulden Breaks Above The ChannelGulden found the bottom at 500 satoshi and started to move higher breaking above the 200 Moving Average. After the breakout price corrected back and rejected both the 200 MA and the uptrend trendline.
The next wave up followed and NLG/BTC broke above the descending channel suggesting the uptrend has started. Considering that the price was rising sharply it is possible that Gulden will take a break and consolidate for a little while, but the immediate uptrend continuation is also possible especially after price rejected the upper trendline of the descending channel.
The first target is seen at 6k satoshi, that is 38.2% Fibonacci retracement applied through the all-time high. The second target is 7.7k satoshi that is 50% Fibs that goes inline with a 361.8% retracement level of the Fibs applied to the last corrective wave down. Only break and close 500 satoshi could invalidate bullish outlook.
ByteBall Taking Over BitcoinByteBall has been trending downwards since July 2017 and was stopped at BTC 0.012 after it lost almost 100% to Bitcoin. The RSI indicator formed a bullish divergence and from BTC 0.012 support GBYTE/BTC started to rise and broke an extremely strong resistance at BTC 0.04.
The corrective wave followed and the previous resistance at 0.04 has been acting as a support, the price simply failed to go lower. Today ByteBall has broken above the previous high at BTC 0.06, confirming the beginning of an uptrend.
The potential upside targets could be one of the Fibonacci retracement levels, either 38.2%, 50% or 61.8%. Only break and close below the BTC 0.012 support could invalidate bullish outlook.
Incent Can Offer You IncentiveIncent has been ranging for an extended period of time although recently it has shown good performance while rising from $0.05 up to $1. Price established an all-time new high and it seems that the upside momentum is just getting stronger.
INCNT/USD broke above the 227.2% Fibonacci resistance and continues to trade above the 200 Moving Average. With the higher highs and higher lows being printed, the price is expected to rise up to one of the Fibonacci resistance levels, with the final target being at $3.48. Only break and close below the 200 MA could invalidate bullish outlook.
EURUSD Potential Buying OpportunityThe zone between $1.191 and $1.19 is an area where there will likely be some strong buy orders. I will be looking to get long in that area and ride out a short-term up move toward the $1.1935-1.195. There is no major economic news to look out for until Thursday 1/11/18 when the EU GDP figure is released.
Stratis Could Be Ready To Move HigherStratis has been in a heavy uptrend since the beginning of November and from $2 it has grown up to $22, gaining almost 900%. Indeed its a huge growth but it seems that Stratis is not done yet and there could be more gains to collect.
After reaching $22 all-time high price went back to $19, where it found the support confirmed by the 161.8% Fibonacci retracement level applied to the previous all-time high. From this price STRAT/USD could continue going up and the next strong resistance is seen at 261.8% retracement level, that is $26. Only a break and close below $19 support could invalidate bullish outlook.
Monero VS Bitcion Expecting More GainsFollowing the previous idea on Monero VS Bitcoin , it hit the upside target at btc 0.22 and went higher up to btc 0.029. Although price corrected back to the previous resistance which is now acting as a support.
This price seems a good entry point for a short-term trend up. The next strong resistance is located very close to the btc 0.03 psychological round number, that is confirmed by the 76.4% Fibonacci retracement level. It is quite likely that the next wave will be going up to test that resistance. Break above could push it even further, but it is yet to be seen if Monero indeed that strong. Only a break below the 200 Moving Average could invalidate bullish outlook.
ParkByte VS Bitcoin Strong Upside PotentialParkByte found the support at 5k satoshi after which it started to move higher, breaking above the downtrend trendline and the 200 Moving Average, reaching 11k satoshi. On a corrective wave down, PKB/BTC rejected the 200 Moving Average which is now acting as a strong support.
Such price action suggests that the uptrend could be just around the corner especially after price started to produce higher lows and higher highs, reaching today 14k satoshi. The upside potential is strong, where ParkByte could outperform the Bitcoin by four times while targeting 38k satoshi. This is the price where two Fibonacci are inline, first is 38.2% level applied through the all-time high, and second is 88.6% retracement applied from 12th October high to 8th of December low. On a downside, only a break and close below the 4k satoshi support could invalidate bullish outlook.
Komodo Uptrend To ContinueFollowing the previous idea on Komodo , it has reached the upside target at $7 and broke higher reaching the $14.4 high. The corrective wave down followed while price rejected the support 727.2% Fibonacci, that is $7.1.
Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7. While the support is holding, uptrend should remain valid pushing Komodo to new all-time highs. Break and close below could invalidate bullish outlook.
ParkByte Has The Potential To Double In ValueParkByte has been trending upwards since it tested the low at $0.08 on the 11th of July. Price broke the 200 Moving Average and continues to trade above it. PKB/USD at the same time has been trading within the ascending channel, but on the 25th of December managed to close above, signaling that the uptrend could accelerate.
The buying opportunity is there and considering the recent price action, ParkByte could more than double in value against USD, targeting $3 psychological resistance level. At this price two Fibonacci confirming the resistance, first is the 127.2% applied to the corrective wave down from June, and the 361.8% Fibs applied to the corrective wave after the ascending channel breakout. Keep in mind that break below the $6.5 support could invalidate bullish outlook.
Floricoin - The Next WaveFloricoin has been consolidating from June up until December when it broke above the strong resistance that was formed at $0.11. Prior to breaking above, FLO/USD rejected the uptrend trendline and the 200 Moving Average and then immediately jumped from $0.085 up to $0.33, gaining almost 300% in just 10 days.
The corrective wave down followed, where Floricoin rejected the $0.11 support and perhaps now its time for the next strong wave up. The first resistance is seen at $0.38 area where 327.2% Fibonacci retracement is located. Break above that resistance should indicate that the uptrend is not over, while a rejection of the resistance could trigger a correction down. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
PotCoin BoomPotCoin does show some good potential after breaking above the resistance area and $0.2 psychological level. Price rejected the 200 Moving Average and previous resistance which is now acting as a support.
POT/USD could be just about to rally, by 200-300% in a relatively short period of time. The first target is seen at $0.82 where two Fibonacci levels are inline. First is 561.8% applied to the previous all-time high, prior to the breakout. And the second applied to the current corrective wave down where support has been rejected. Only a break and close below the support area could invalidate bullish outlook.
MelonPort Breaking Out Of The TriangleMelon has managed to finally break above the triangle pattern and $120 resistance. Prior to that, it has bounced off the uptrend trendline and the 200 Moving Average.
The trend now became very bullish with more upside potential. First strong resistance and the potential target is seen at 227.2% Fibonacci retracement level applied to the corrective wave from the last all-time high produced in June.
The price target is $228, while currently, Melon is trading at $130. This makes a potential short-term growth of 70%. Break above the target will add more volume and volatility, as well as a much higher upside target. Nevertheless, break below the Moving Average could result in a trend reversal.
Wings Fly Time?On the 17th of December, Wings DAO broke above the downtrend trendline, while prior to that bounced off the uptrend trendline. After the breakout price corrected back and rejected the downtrend trendline, which this time is acting as a support
This is the first indication that price could be ready to go higher, and perhaps this is just a beginning of a huge growth. The nearest upside target is seen at $2.3 where two Fibonacci are inline. First is a 327.2% retracement level of the Fibs applied to the corrective wave after the downtrend trendline breakout. The second is the 241.4% level of the Fibs applied to the corrective that started in June. Keep in mind that only a break and close below the $0.4 support could invalidate bullish outlook.
USDHKD Bull PowerTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair.
USDHKD H4
Technical Outlook
To open long positions for USDHKD, it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 108 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 7.81534
Swing Low: 7.80566
NZDUSD BullsTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones.
NZDUSD
Technical Outlook
To open long positions for NZDUSD , it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 100 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 0.695
Swing Low: 0.686
[BTFD] ETH/USD - [LONG] Trade Analysis 6th Nov 2017ETH/USD Bitfinex opening with a down gap below the developing trend and 200 SMA on both Daily and 4H Timeframes.
Potentially more sideways price action today, coiling inside of the triangle for a breakout.
Levels to watch:
Fib 0.5% level: $272
Psychological level: $300
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