Dojistar2017

Dojistar2017

In a broader view there is not much going on; this coin is trapped within a wider triangle with lower highs but higher lows. Best to keep an eye on extremes for a sense of the next bigger move (0.1850 and 0.3350) For now market has tested the low end so better chanes to see a move to the top end as market is likely to keep in sideways mode.

Dojistar2017

Hammers in every crypto, also in the biggest one. More interesting, this hammer was set against the previous bottom making it a candidate for a wide double bottom. For now however it has resulted in some sideways action. With the Bollinger midline nearing (just below 6800 currently), one might see another test toward the lower 6000's. Bulls should try and hold...

Dojistar2017

A hammer against 0.2500 ended the recent slide. A fairly large bullish belt hold candle was seen yesterday but the Bollinger Bands midline saw resistance. The market is now giving away some gains; The low of the belt hold candle is now important (just above 0.2900). Support should be seen in the lower half of this candle, probably just above 0.3000. Bulls should...

Dojistar2017

A hammer ended selling on the 14th of August and a much needed bounce was seen after. Although more is needed to calll this a clear bottom, chances are this market will try for some stability from here. Bulls need to do much more to improve technicals; the Bollinger Bands midline already see some resistance in the 0.02550/0.02650 zone and is the first hurdle....

Dojistar2017

A move below the neckline (NL, 1.1500) saw stops being hit and sees weakness in this market. The Head and Shoulders spans over 1 year and this break, if a close is seen below 1.1500 today and it starts to act as resistance, implies more weakness ahead. 1.0460 is the calculated target (Neckline - Height of pattern). Mostly a target is hit at around the time the...

Dojistar2017

Also here a rough day for bulls. Market quickly reached the calculated target of the triangle breakout around 0.3200. Once could see some support there initially. When looking at the broader bearish channel then this market may even reach 0.2500 where it's low end resides. Have to be careful initiating shorts here however the a pretty low RSI reading. 0.3700...

Dojistar2017

6800 was to be watched for chnces for a higher low but this was not to be; the market accelerated south once below. Also the market is below the last Fibonacci level to call this a correction so in theory the 5750 low could be tested again (100% retracement). look for some support around 6100 however as market is running into oversold conditions. That 6800...

Dojistar2017

Bears stepped in after the break below 0.0320 and scared away buyers. Looking back, an important low is seen just above the 0.0230 mark (mach 18th, red arrow). This might see a pause in the current drop. Also, market is against a downward sloping line (green line) connecting recent lows. This and a close outside the Bolling Bands see secondary reasons to suspect...

Dojistar2017

With a close under the earlier double bottom set in june and july yesterday's action is a major blow to bullish believers. If the earlier 0.4240 support levels starts to act as resistance on pop-ups, bears have an opportunity to drive this market down to 0.3520/0.3500 (horizontal support) and maybe the triangle's target around 0.3200. Not a friendly outlook. For...

Dojistar2017

With this coin falling below the Bollinger midline and below 7500 support, there is some fear. I will go with the old ''bottoms have to be tested and retested" scenario on this. 6800 Jumps out as a critical level; not only it stands for horizontal resistance, it also stands for the last Fibonacci retracement level that is permitted in a correction (61.8%). Thus,...

Dojistar2017

This coin acting relatively weak as it has set a lower low short-term, but also fell below the latest bottom around 0.0320. Not much trust here. When looking further back, there should be a bigger band of support between 0.0287 and 0.0280. This could be tested if bulls do not surface today. Pop-ups should see first resistance against the Bollinger Bands midline...

Dojistar2017

This coin has tested toward the lower Bollinger Band against 175.00 and jumped back, creating a doji. A doji implies indecision in the market after several days of selling pressure and may hint and downside momentum fading. This can imply a try to get a higher low going. The Bollinger Band midline around 203.00 can be watched for the first obstacle. Above there...

Dojistar2017

In my last analyses I pointed out hints that momentum was turning toward bears lately. Bulls got some upside after, above 73.50 even, but now a lower high just below 76.00 has been set. This implies a lower low to follow, i.e. a move below the latest low at 71.20. For now 65.50 still seems likelt a reasonable target medium term. 70.30 and 69.00 are candidates...

Dojistar2017

This market is backing off somewhat but for now chances are this is a search for a higher low. A candidate is the 7600/7500 area; here the Bollinger Bands midline, A standard Fibonacci level (38.2%) and the former downward sloping line meet. One could see better support there and a try to bounce. Also note the latest combination of candles looks like a...

Dojistar2017

A double bottom started off some upside, also as the RSI indicator did not confirm the lower lows. And with the latest rise, a rounding bottom can be seen also. What is lacking is the breakout above horizontal resistance around 227/228 which served as support back in May. A better move above this area should trigger a leg up where the 300 area is the projected...

Dojistar2017

''Watch the red line'' was the key from my previous analyses and once broken a jump was ssen tot the longer term downtrendline. After some profittaking the market is again testing it (0.0386). Ofcourse, a close above this line is helpful for bulls and when looking at yesterday's volume it seems likley to happen soon. More important however is that market will...

Dojistar2017

A quick jump to the Head and Shoulders target (8000) after the neckline gave way. This scenario has now succesfully completed. With the market over the longer term downtrendline, it is time to look at likely levels near term; Looking at Fibonacci's, 9100 is only the minimum correction level (23.6%) of the entire drop since the all-time highs. More likely it is...

Dojistar2017

Several signals for this market having changed course; - A lower high has been followed by a lower low - A Head and Shoulders Neckline has been broken setting a 65.50 target - A longer term uptrendline has also been broken In theory the neckline (73.30) is retested before the move toward the target begins. The retest was seen yesterday. If bears are serious the...