We are seeing the bearish Bitcoin trend. Only time will tell where we bottom and reverse. Ongoing scaling debate is surely giving it pressure and skepticism.
Just a cautionary FYI to be watchful of.
This is what I have with ETH/USD Long term channel. We should see a sideways consolidation, with possible minor pullback over the next week.
It looks like NXT/USD is reaching for the $0.10 to $0.11 cent, and then I would expect a pullback into it's long-tern channel to the $0.85 to $0.75 cent. Of course as always will depend on Bitcoin movements.
I can see a possible BTC pullback in next 48 hours. You can see the reduction of its uptrend. Also verified by MACD and RSI reduction. My chart indicates pullback to support/resistance level at about $2375, or secondary to $2300.
So with Digibyte's recent drop, looks like it has found a nice comfortable bottom support.
*Note my previous LTC/BTC chart. As Bitcoin price rises, Litecoin price will/should also rise in USD, but not so much in its BTC value in comparison. LiteCoin will need to break through these resistance areas, for it to show us where it will be headed.
Here is a look at LiteCoin from Beginning to current. Let's hope that LiteCoin hold it together.
Just an FYI for you to keep in mind and watch for. This looks like a pretty strong channel. The $160 to possible $180 USD looks like will be a top for now. With a possible pullback to the $120 - $130 Range, which would be the .786 Fib line. I can see it hit the $190 - $200 Range around July. Of course all the Alt Coins have a strong dependent on what bitcoin...
I'm starting to feel Bearish Stellar, if we don't break upward here today.
XEM/BTC Currently at a critical resistance 0.00010200 btc, (or approximate $0.19 - $0.20.) Let's hope it can maintain above it for a good support.
The new Gulem Token looks like its ready to make a move. But i'm going to wait for the break upward outside of the pennant trend line. So something for you to watch for. It' s still possible it could break downward. But I think it looks very good.
We may see a rise by end of May, Or it may just go sideways for awhile. Otherwise, we may see a very bearish pullback to around $8 to $10 dollar.
We will have to wait and see if Auger has reached a bottom support. Not much strong support.
Anyone who has an interest in Factom, FCT/BTC, This may give you a long term outlook.
My XEM Projection (XEM/BTC, Poloniex) Of course we always have to take in to effects of what Bitcoin does, will do. This is just an analysis from previous trends.
Looks like NXT has a nice pattern. Will be interesting to see what it does. My projection should place our top on the night of Sun May 21 to morning of Mon 22.
Just my views on BTC. By end of day should tell us more. Bullish or Bearish... ???