Opportunity arrises for NEO in coming weeks as the rally overextended and now begins to retrace. Many novice traders jumped in at the highs on fear or missing out, but are now forced to hodl during the correction. Although Neo fundamentals support a higher price a retrace back to the June highs (0.0054) is possible. The Macd is crossing down with the 4h chart...
EUR/USD has broken out of the range! It had been side trading in this range for over 2 years but is now in greener pastures after making a 2 and a half year high on Friday. This is a significant technical indication that the Euro will start to appreciate over coming months. Aggressive monetary policy has left the value of the Euro suppressed like a spring held...
Gold has broken out of a symmetrical triangle and looks set to move lower. First area of interest is 1180 with major support at the ascending trend line. A break of that level and things could get messy.
XMR/USDT has breached the upper side of the descending triangle. After using the 61.8 fib twice as support and recently making a higher low, expect to see a push higher in coming days.
LTC/USD broke out into new territory with closed candles confirming the break on both 4hr and daily time frames. With a consolidation above $50, former resistance is now acting as support. I expect the pair to move much higher in the coming days.
ETH/USD was returned off the descending trend line as lower highs become the general them. With the market currently being very Ether dependent, a continuation of a broad market selloff is likely.
BTC may offer a temporary reprieve after failing to close outside the symmetrical triangle on either a daily or 4hr time frame. This level was supported by the 38.2 Fib. I expect to see a climb back to the upper side of the triangle, followed by another drastic sell off. Trade with caution.
Look for REP/USDT to retrace lower to the trend line for entry.
SC/BTC once again trading in a familiar bullish falling wedge pattern. With support at the 61.8 Fib lining up nicely with both the 55 SMA and a very strong trend line, expect the price to trade higher in the coming weeks.
ETC/USDT looking to break out above previous ATHs with RSI showing decent momentum. Look for a 4h closed candle above 23.00 for entry. If the current candle overextends, wait for a retrace before entry.
SYS/BTC may retrace further to the trend line presenting an opportunity for entry. The ongoing trend is likely to continue with the 50% fib offering additional support. Look for entry below 0.00006
SC/BTC is trading in a familiar bullish falling wedge pattern. Look for a break to the upside (closed candle) for continuation of this uptrend.
XRP/BTC found support multiple times at .00009. With great upside potential and small downside risk, trade with a stop behind 0.00008