After an increase of almost 56% since the 29th of October, it seems that the price of Bitcoin Cash has created yesterday another "peak" at the value of 648$. Although it didn't bounce back from the Resistance Level of 658$ the drop which started yesterday it's based on lower trading volumes and it seems to continue, as there are 3 technical indicators which are...
Since the 30th of October, the price of Litecoin has registered a growth of 17.98% but it has failed to break the Resistance Level of 57.47$, meaning that another "peak" has been created. So far, we have a similar situation with the one for Iota, where excepting the MACD which is still indicating that the price may continue to increase, the rest of the indicators...
After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, meaning that another "peak" has been created. Excepting the MACD, which is indicating a possible continuation of the price increase, the rest of the technical indicators are showing the opposite scenario as it follows...
After after the price has reached yesterday a 10.10% growth it failed to break the resistance level of 218$ and it bounced back, finishing the day with 6.06% higher than it started. Looking to the upper standard deviation of Bollinger which has been crossed by the price, we can consider normal to have a slight decrease for now, as a "correction". But on the...
After the market went through a hard period, it seems that we are assisting to a slight "come back", with Iota being one of the coins which are leading the recovery process. The Stochastic's crossover on the 31st of October and the RSI's "oversold" position indicated these 3 consecutive days of growth but even if we had a price increase of 8.14%, the trend cannot...
After 2 consecutive days of growth in which it has tested twice the Support Level of 419$, the price has bounced back, following the sideways movement that started after the drop on the 11th of October. Even if the trading volumes are still very low, Bitcoin Cash remains one of the most volatile assets from the major cryptocurrencies, with a daily moving average...
Based on very low trading volumes, the price has started to decrease since 21st of October and it has also crossed the 20 days Moving Average, consolidating the bearish trend. At this stage, it seems that the RSI is heading slowly towards the "oversold" area while the Stochastic is indicating that there's no possible change of the direction for now. Also, the...
After the sideways movement which started on the 22nd of October, the price registered an aggressive movement, this time downwards. The 20 days Moving Average has been crossed this morning and the price also went below the standard deviation of the Bollinger Bands. Bearing this in mind, together with the RSI which is showing an "oversold" position, we might be...
Just like many other coins, the price of EOS also failed to leave the area between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands, confirming the bearish trend which has started since the 16th of October. The trading volumes seems also to be lower and even if the RSI and the Stochastic are showing "oversold" positions, this...
After it has failed 4 times to cross the 20 days Moving Average, the price also stabilized below the Pivot Level based as well on a low trading volume. It seems that the RSI is heading slowly but steady towards the "oversold" area, while the Stochastic and the MACD are clearly indicating that the price will continue to drop. As a possible target price, if...
After it has failed twice to stabilize above the 20 days Moving Average, it seems that the price has one more attempt, this time on a bigger trading volume. The RSI is moving around the "neutral" area while the MACD's crossover is indicating that we might assist to a short term uptrend. If this scenario gets caught up and if the price will stabilize between the...
After it has failed 3 times in the last 6 days to jump above the 20 days Moving average, the price seems to be close to cross the Pivot Level as well, looking for a confirmation of a bearish trend. This confirmation may come at the end of the day if the closing price will be lower than 0.4645$ because a red candlestick will be created and according to the...
The cross is still headed down and, although finding some sort of support at the current level, it is deemed to further fall till a probable TP of 1.6676 It is not only USD appreciating, EUR is depreciating too as a consequence of European instability emphasized by the current Italian government uncertainty too. ***Not a trading advice, merely my idea for...
SPY completed a bullish Gartley in its daily chart and it's currently headed towards the resistance of 266.70. Overall picture gives a downtrend nonetheless. Stochastic RSI in oversold territory and MACD recovering but still in negative territory confirms it. Not a trading advice, merely an idea for educational purposes