Namecoin
LTC- Litecoin is about to join the Altcoin partyNamecoin may be the first altcoin, but Litecoin was the first well-known altcoin until Ethereum came along.
Grayscale just launched the Litecoin trust and institutional demand is surging as evident by the massive premiums Litecoin trust commands.
Litecoin is highly liquid and is still down 84% from its ATH. The breakout may be imminent so it is a good time to start accumulating within the S/R zone.
NameCoin Should Correct up ... or Reverse?On the 11th of August, Namecoin has reached the low at $0.64 where it has rejected the 327.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
Price has formed a double bottom at that stage and RSI shows the bullish divergence suggesting either a corrective move upwards or even a trend reversal. Trend reversal yet to be confirmed as it is far to early for that statement. However, the correction is likely to take place as today NMC/USD broke above uptrend trendline on the RSI as well as on the price chart.
This breakout might trigger further upside growth. The nearest target can be seen at 23.6% Fibonacci retracement level, which is $1.1. It could be that $1 psychological resistance area could play a key role in further price development. If this resistance is broken, that talks about the potential trend reversal will be much more relevant. But at this point only a correctional move should be expected.
It is also worth considering the downtrend continuation. This could be the case if the recent low is broke, with the daily break and close below the $0.064 low.
NMC/BTC - Namecoin - Still on bottom finding way or go to hell?Namecoin is still on long-term downtrend and always fail for breakout. But we can see that we are still lucky while having a long-term support from beginning of last year up to now. And after saying HELLO to this supporter, NMC will bound with multiple values. But we are nearly at the end of triangle, so we have not enough time to say HELLO several times to this supporter anymore. We need to change. One, Bound and find out a new form. Two, Go to Hell. The final decision will be reveal in several days
- No upcoming events on Coinmarketcal
- Twitter account still updates events and activities of Peer team
Buy : 13000-13500
Sell : Open target
Stoploss : 12500 (Must pay attention)
Thanks for reading my analytic
NameCoin 400% Growth PotentialOn the 18th of March, Namecoin found the bottom at $1.37, where it rejected the uptrend trendline. Price consolidated at that area for almost a month, but yet, failed to close below that low.
Following wave up resulted in a 100% growth over the USD and break above the 200 Moving Average. However, NMC/USD corrected down and currently could be forming a double bottom at the very same support of $1.37, that yesterday has been rejected cleanly.
It is also important to mention that RSI oscillator formed a bullish divergence on a daily chart, following by the downtrend trendline breakout of the RSI indicator. This could be the bottom for the Namecoin, while beginning of the growth is just around the corner. NMC could reach $3 area in a relatively short period of time, where the first resistance is based. But the final upside target could be as high as $6.74 (a 400% growth), that is confirmed by two Fibonacci retracement levels.
The downtrend could only continue after the daily break and close below the key support at $1.37. While the price is above, it is more likely that the trend will start reversing to the upside.
Namecoin Moon Today we witnessed a DNS hijack for MyEtherWallet. This will signal more awareness for Namecoin. Namecoin is life.
Namecoin Could Double In USD ValueFollowing the previous ide on Namecoin , it has reached the upside target at $5, corrected back and then went up to $8.4, breaking the resistance. The corrective wave down followed where price corrected back to the previous resistance area near $5.
This could be a potential starting point for the next wave up that could reach $10 mark that is confirmed by two Fibonacci retracement levels, 327.2% and 1227.2% as per previous analysis.
Name coin goin up name coin going up til 1.65 less or more , there is 3 point in different time , so its need just a time to go up
A landscape of consolidation In light of bitcoin's continued success, and taking into consideration network strength and trust. I believe it is now safe to assume NMC is a solid buy at these prices
Namecoin to the moonNamecoin is looking very strong on the weekly timeframe and is long overdue a pump.
I have zoomed down onto the 12hr and can see higher lows.
Entry price 0.0011500
Exit price Moon
I think we're ready to run to $2I think NMC and PPC as well are long overdue for a run to $2. Won't happen overnight, but will be holding this one!
The Altcoin Test - NamecoinThis is a simple Test - which i want to be "documented".
Condition from Sheffield the Pimp of altcoins:
SMA30 / EMA30
Price crossover = buy
Price crossunder = sell
TP 1 and 2 are just set to take off some profits and the Final TP will be chased with a TrailingStop - or the crossunder of Price will happen before that.
Namecoin / Bitcoin bottomed at 0.00020000 I did choose this cryptoccurency because chart looks interesting to me.Since December is consolidating around 0.00020000. I see here potential for good risk reward ratio. Pair bounced nicely from mentioned level, we have three soldiers formation on 4H, triple bottom, and GAP on daily chart.
NMC finally moving?This might be a kneejerk reaction to the spike we've just observed in NMC.
This is a coin I've followed since 2014, watching its massive gains and now massive lows.
Very likely that I will be grabbing 12k or so NMC this morning and holding for the next few days. 0.30 is my first target, however depending (Of course) on Bitcoin's movement the potential for gains with this coin are higher than ever.
Namecoin / Bitcoin I see a coin getting accumulated at an All-Time low with relatively flat market structure and consistent volume. If you look over at Poloniex, somebody has been getting bids filled at these levels consistently for a few months. The same occurrence is happening with Litecoin at the moment. A whale is getting hundreds of Bitcoin worth of LTC filled at current levels and market structure is relatively flat with consistent volume.
In my opinion, big BTCe players are accumulating LTC, NMC, and PPC. I think Poloniex could contribute to the volume this year with the influx of new money and the addition of volumizer bots. Could make for the perform storm.
Weekly Bullish Divergence on Bitcoin-Clones Basket (LTC-NMC-PPC)We see price doing lower lows and stays afloat on a bottom while weekly RSI (30 periods) is grinding higher lows. Bullish divergence is brewing.
Coupled with a false breakout, we might see a medium-term rock bottom.
The false breakout is giving a nice 3 bars pattern "kangoroo tail" discovered by Alexander Elder which uses also MACD or RSI divergence to select them. Which is the case.
Reversal might takes time to unfold because of the weekly timeframe, but this offer a good risk/reward on the current dead altcoin clones.
Remember, this is a very high level "macro" view. Be wise.
Reversal waiting for ignition?We have two 11 months views.
* At your left, a chartist analyze with:
- 2 crosses between moving average. One is a kiss of death (bye bye) and one, lately, might be bullish.
- Remarkable result where price landed over both moving average.
- An ascending triangle which gives good odds to break upward.
- A strong resistance under 0.0031
- Volume rising a bit.
* At your right I've put an ichimoku setup to weight the possible reversal we are witnessing.
To sum it up: if NMC finally achieve to go over 0.0031, it could be a great kick for a *new* trend.
Knowing this, if you care to buy NMC, please remember: this altcoin (and it's applicable to every others altcoins) are very risky investment.
I recommand to buy NMC on www.BTC-e.com
Major Altcoins Breakdowns, why I'm bullish on Namecoin*This is very speculative, I'm cautiously bullish*
Yesterday I gave a short advice to buy Namecoin (twitter.com) on any dips @ 0.0026 (which it did). Here is a more detailed explanation of my reasoning.
I think most of you have noticed that altcoins made rock bottoms the 9th September. Since then, price spiked rather strongly giving enourmous profits for the people who could play the breakouts.
Now, things have settled a bit and we can draw some conclusions, which I did on this chart comparing 3 historical major altcoins.
For 2 of them (and many others) they did a huge irrational spike to a high around the 18th September to finally retrace quite sharply.
Namecoin is quite unique because its price spiked lesser than the others but, at the time of writing, is still staying close the last high. Meaning we have a smart accumulation and it's saner than the other "flash in the pan" we could see on Peercoin and Primecoin.
More fundamentally, Namecoin is/will be under the spotlight again with the very promising OpenBazaar project. www.youtube.com that could give good help to recover in a bullish trend.
Below on the chart we can see that, although bitcoin USD price is plummeting (-20% since then), altcoin rises are still beating that
NMCBTC Rally ComparisionI took lowstrife's idea for LTCBTC () and applied it to NMCBTC. RSI is showing bullish divergence and RMI is in a similar lower area to where it was during the last large rally.