Bitcoin futures are now available for trading under the ticker symbol "XBT" on the CBOE Futures Exchange, LLC (CFE). The Bitcoin value rose on the opening of CBOE’s futures markets and the trading volume immediately spiked at precisely 23:00 UTC when the futures trading opened. At the time of writing the Bitcoin price is trading at $16,730, representing a gain of...
A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. During this formation the market is making lower highs and higher lows, neither the buyers nor the sellers are pushing the price far enough to make a clear trend. LTC is forming a bullish...
NEOUSD is trading in nice trend channel, closing on lower support $33. Buy here and wait to $49 level.
OMG just closed down on support. Here should be enaugh buying power before me move back up again. Once we get over resistance, this coin should see new hights.
VTC testing lower support before moving higher again. On 1H chart MACD is negative, RSI is also in negative zone, but should find support under 40 level. I expect the support will hold and we should move higher to first target $12 and then $13.
LTCUSD trading in nerrow channel. Resistance and support are holding firm. LTC is stuck here and waiting for next leg up. Dip to lower support at $84 is possible - there is plenty of buying power.
ETHUSD had a nice run from my last analysis, hit target at $500, then fell back to fib 0.5 from last run up. It is trading just above support at $400. Any close under this level would take us back to trendline at $340. That support is strong one as it is running basically over the whole year. Weekly and daily charts are still looking nice and bullish, trend is...
XRPUSD hit my target at $0.28. This proved again as major resistance level. From there is was quick fall to lower support at $0.23 where it is now trading. Overall selling pressure could take Ripple to lower trendline just above $0.21 level, if that doesn’t hold, then $0.18 is last strong support. On the bull side, break above $0.28 will take this coin to new heights.
IOTAUSD had a massive run from myprevious analysis. On the way up from $0.35 it went thru two targets ($0.6 and $1) and even closed the day on $1.44 level. Overall selling pressure could take this coin back down to $1 area (yellow) which is now acting as new support. Place stop loss under $1 and target next leg up to $1.5 and $2 if we get to bullish mode again.
OMGUSD closed down on trendline which looks like a good support zone. As long as we are above it, any dips are good buying opportunities. Place stop loss under trendline. Daily and weekly charts are in nice bullish trend. On shorter time frame there is still some selling pressure, RSI is just above 50, MACD is getting in positive territory.
ETHUSD is getting closer to my target $400 published a while ago. This pattern in from the book. It was really easy to see it coming. Lower ascending trendline with higher lows acting as support, and with upper horizontal trendline with two, almost flat highs, acting as resistance. Once we get over this, ETH will form new massive breakout range which could take...
IOTA was one of the best plays in last weeks. I recommended it just on the break up from triangle pattern at 0.37. Hope you entered position. It had massive run towards 1$ and now is in normal consolidation mode. I’m looking for re-enter levels around $0.62 - $0.64 where we have 0.5 fib. retracement and also support line from the last run. SL set under 0.59. Target +$1.2.
Bitcoin gold short chart view is showing us some support below, but not a strong one as this is new coin with lots of bears inside who wants to sell and move to BTC or other coins. If we move again to resistance - yellow mark, I would be seller here and wait again for a pull back. Expect some wild runs on this one as we need to get clear picture where this is...
We have arrived in the last corner of the triangle pattern. Either we breakout from here above $0.25 or Ripple will test lower support $0.2 again. If this is the case, lower support should be taken as advantage to buy more coins. I said it before, XRP is not in bullish pattern yet, it is forming one form SEPT, but we need a break beyond resistance to get this coin...
OMGUSD made a reversal from bearish pattern - descending triangle. This is a one of the most common patterns on the market. We saw that on couple of coins lately - last one on IOTA which increased almost 3x in value. OMG managed to bounce up from the support line and its now forming a bullish pattern. If the trendline holds, $10 is reachable from here. You can...
LTC traders enjoyed nice run in last week. It was a clear trade from the bounce off the trendline, simple one. Now we are trading close to the upper resistance of the trend channel. We will soon see if the bulls will have enough fire power to take this coin to $90 level, otherwise we will go and test the lower support again.
IOTA succesfully broke up from descending triangle pattern, which was a great entry point and has reached first resistance target at 0.62. Even though descending triangle is bearish pattern, technical analysis isn’t necessarily about the pattern itself, but also it’s about the psychology of what’s going on within the pattern. As well, when bearish patterns fail...
Big news today for Ripple holders or should I say "hodlers". :) American Express is joining Ripple’s blockchain network to provide real-time, business-to-business global payments that will ultimately enhance their customers’ experience. It is the latest company to become a member of RippleNet, joining the ranks of Credit Agricole, Airwallex, Cuallix, and more....