Monfex_UK

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ripple is in the Down Mode on H4 / inside the large contracting triangle. * The bullish denial is observed on the upper band of the triangle as the price has formed up a minor double top around $0.31 level. * On 1D time-frame, the price is hanging around the 21 Daily EMA and, as of now, is very close to breaking it down. *...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview Bitcoin . BTC in a small falling wedge near the local support zone and resistance line. Now we see bullish divergence by RSI and can expect some growth to the local resistance zone . Also the price met with MA50 at the support and rebound from it. Will the price break the resistance line or bounce...

Monfex_UK

Hi, Traders ! Monfex is at your service ! We estimate there is a high EUR potential to break-out of the wedge/long-term descending trend channel in the short-term. * EURUSD keeps trading inside the descending trend channel/wedge, but the price is lining up for an upward break-out. * The pair shows a very promising dynamic - steadily holding above the 21 Daily...

Monfex_UK

Hi, Traders ! Monfex is on the air ! The stop-loss level was hit on Ethereum, but the price has quickly reversed down from the Resistance Area. * The third attempt of the Bulls to drag the price through and out of the Resistance area has failed. * On H4 timeframe, our stop-loss level of $191 was triggered, but the price action down had instantly followed - so...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ethereum has demonstrated its strength above $180 level despite a Double Top pattern formed on H4. * The price of ETH is still below the Resistance area, but keeps equilibrium as market forces have found a temporary balance. * On H4 Chart, the price has shaped out the third top - just under the Resistance, but the higher...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview Twitter. Twitter reported revenue and profit in the third quarter below forecasts, explaining this by problems with advertising, as well as unusually low demand during the summer. TWTR in a little descending channel and a large gap of -10%+ that has a pattern of fill, so we can expect some rise...

Monfex_UK

Hi, dear Traders and Investors ! Monfex is at your service and today we overview ETH/BTC logarithmic chart analysis. For almost a year we have been seeing a downtrend by ETH/BTC. But when will the altcoin season start ? On many coins, there is a strong bullish divergence by RSI on the daily charts and we can safely assume that Altcoins are not far from...

Monfex_UK Updated 

Hello, dear Traders! Monfex is at your service and today we overview BCH/BTC. After the price had plummeted to the support line, a triangle formed. Near the triangle's resistance we have MA50 , the breakdown of which will be a confirmation of a bullish scenario to the next green resistance zones. But there can also be an another script. By breakout the support...

Monfex_UK

Hi, Traders ! Monfex is at your service ! We keep watching Bitcoin's price action inside the contracting triangle with the aim to trade a break-out. * Bitcoin's price extends within the H1 contracting triangle formation, backed up by the strong Support of $9,300. * The Trading Mode occurring within the tightest range of some 100 b.p. is approaching the edge of...

Monfex_UK Updated 

Hi, Traders ! Monfex is on the air ! Bitcoin has formed up a double top pattern on H4 timeframe. * After retesting $10,000 round level, BTC has retreated to the important (long-term) Support of $9,300. * Failing to break $10,000 from the second attempt, now the Bulls have to consolidate at lower levels before making the third attempt. * Despite $9,300 is a...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ethereum has formed up the similar Double Top H4 pattern as is observed on BTC. * Ethereum is drawing out the potential Short formation after failing to break-out of the range. * Bullish retreat, exacerbated by a bearish pressure, could push prices down to $155 - $160 area. * RSI has left the overbought territory,...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview NEO/USD . There is a big bearish divergence that can pull the price to the red horizontal support line. But there are also two bullish divergences, which are stronger with this trend movement. Watch our previous signals by NEO/USD and NEO/BTC below! The support zone ~ $10.36 Active...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview NEO/BTC, log scale . NEO is in the falling bullish wedge and has MA100 near resistance line. It's with a bullish divergence by RSI. Support, buy zone ~ 0,000850 Target zone ~ 0,001500 Stop lose - 0,000820 Almost 2X in this trade. Breakout of the resistance line will be the best...

Monfex_UK Updated 

Hi, dear Traders! Monfex is at your service and today we overview NEO/USD . We obviously see the triangle formation which locally is in the bearish trend. Breakout of the triangle's support or resistance lines will be first sign for some actions( buy or sell) , but for a more confidence we need to act by breakout the key levels. The great volumes that are...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview NEO/USD . NEO broke the triangle and has already tested the ex-support of this triangle and it's near the resistance zone and MA200. There is a downward movement globally, the bears control a situation. Stoch RSI has a bearish div and going down to oversold zone. The local support ~ $ 7.30 The...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview ZRX/USD . Classic Elliott Waves 12345 still active but will be safer for us to buy by breakout this resistance zone. Now we see a bullish flag formation while the entire cryptocurrency market has grown significantly. The resistance zone ~ $ 0.34 - 0.345 The support zone ~ $ 0.282 - 0.273...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview XRP/BTC . Perhaps we have just met a double bottom and this is the reversal point of the uptrend. In this case, we can take the target near 0.00003000. It supports with a bearish div on RSI . The main thing is not to catch a false breakout, so it's worth to wait for a breakout with...

Monfex_UK

Hi, Traders ! Monfex is on the air ! With Brexit in suspension and PM Johnson waiting for the respective EU decision, GBP/USD is also flat. * UK will need the new elections in case the EU provides a three-month extension, as requested. * It is hard to project the outcome of the election calling, but we suppose that the turbulence would increase on the market...