hroob

hroob

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision. Bitcoin is trading in a downtrend channel. It is also trading under 20-day EMA and 50-day SMA. Today the price is affected by the trendline inside the...

hroob

After a sharp fall, Ripple bounced back from the low of $0.564. We believe that it will enter in a range-bound trading. The support of the range is $0.61, whereas, the resistance will be at $0.87. Just above the $0.87 level, there will be the downtrend and the moving averages. Breaking out the downtrend will be the first sign of recovery.

hroob

Like other Crypto, Ethereum saw a decline in price until it found a support at $562. The pullback couldn't go above 38.2 percent Fibonacci retracement level of the recent fall from $1414 to $562. We believe that the stronger resistance will be as shown on the chart from the 20-day EMA and 50-SMA at around $940. On the other hand, any next fall to $750 and $700...

hroob

NEO has broken below the 50-day SMA, the critical support of $93, but it saw a huge buying at $63 level which is 78.6 percent Fibonacci retracement levels of the recent rally from $25 to $200. It bounced back quickly to $123 and gained huge profit. As shown from the chart, although NEO went above 50-day SMA and $93 level again it stopped by the trendline which...

hroob

In spite of uncertainty and the strong selling across all the crypto, we will try to identify some lower levels which may offer us good deals. LTC is trading below 100-day SMA which is a bearish sign, it also could not break out the downtrend which resulted in falling to around $100 level as we predicted in the last analysis. Therefore, long traders should...

hroob Updated 

NEO has suffered from the panic selling across all the crypto yesterday. The bears took it to $193 levels. This level proved to be a good support, it is 61.8 percent Fibonacci retracement levels of the recent rally from $25 to $200. Moreover, NEO is still trading above The 50-day SMA which is quite positive. On the way up we expect $135 level will show some...

hroob

After breaking down the strong support at $175, the bears succeeded to bring LTC to $100 level. Strong buying triggered at this level and a pullback carried it to 100-day SMA which acts as a resistance. Apart from 100-day SMA Litcoin will face a strong resistance at $175 level which is 23.6 percent Fibonacci retracement level of the recent fall from $420 to...

hroob

XLM has broken the trendline and the 50-day SMA after the panic selling across all the crypto today. We forecasted in our previous analysis that if Stellar breaks the trendline it will fall to $0.30 and that what happened. This level emerged strong buying which took Stellar back to $0.45 level very quickly. Actually, $0.45 level is 23.6 percent Fibonacci...

hroob

As the sentiment is still showing weakness across all the Crypto, Stellar has broken down both the $0.55 support level and the trendline. We had mentioned in the last analysis that if trendline is broken, it will find support from 50-day SMA and that what happened. Stellar bounced back from the 50-day SMA but found it difficult to penetrate the previous...

hroob

Stellar is trading in a range-bound since five days. It's stuck between 38.2 and 50 percent Fibonacci retracements. The support of the range is $0.55, whereas, the resistance will be at $0.64. Stellar sustained above the trendline.We believe that the trendline will hold the price. So, we recommend initiating long positions on any dips to the trendline which may...

hroob

In the last few days LTC finds good support from $175 level, it seems that traders are not willing to push the price any lower. LTC is now trading inside a downtrend channel, any breakout of the channel will be considered as buy set-up opportunity. On the way up the first resistance level will be $200 which is 23.6 percent Fibonacci retracement levels of the...

hroob Updated 

In our previous analysis, we had recommended opening long positions in Ethereum on $1,000. It bounced back from $1000 level yesterday, Jan. 27. Our bullish view is still on Ethereum. The trendline which has offered strong support since Dec. 10 is still holding the price. Additionally, Ethereum is trading above 20-day EMA and 50-day SMA. All of these areas are...

hroob

In our daily chart, Ethereum has been trading in a consolidation way for the last five days with the support of $900 and a resistance around $1100. Additionally, $1000 level proved to be a good support, we can open a small size position at this level. We can add more if any pullback towards $900 support happened. 50-day SMA gives $900 level more power because...

hroob

Ripple has suffered from 50-day SMA for the last three days, it behaves as a strong resistance. Ripple is still trading below it. This is a sign of bears victory. In order to get back to our bullish view Ripple has to go above 50-day SMA and then breakout above $1.85 level which is 38.2 percent Fibonacci retracement level. Conversely, if Ripple fails to...

hroob

After a sharp fall that took Dash from the all-time high at $1540 to nearly $570, but we haven't seen a sharp pullback. Dash couldn't go above 38.2 percent Fibonacci retracement level on two occasions. Additionally, Dash broke down 50-day SMA which shows weakness. We expect 38.2 percent Fibonacci retracement level and 50-day SMA act as stiff resistance as they...

hroob

Some Bearish developments happened in LTC lately. LTC is trading under 50-day SMA which is negative. Moreover, the 20-day EMA broke below the 50-day SMA which considered a bearish crossover. LTC is also trading into a downtrend channel. LTC has to break out many resistance levels to resume the uptrend the 20-day EMA, 50-day SMA and the resistance line of the...

hroob

XLM is trading under 20-day EMA , BOTH 20-day EMA and 38.2 percent Fibonacci retracement level react as strong resistence. If XLM can't succeed to break above the 20-day EMA we expect a rally towards the uptrend shown on the charts and thereafter to $0.30 level. We excpect these two levels offer good buy set ups . On the upwards, If it succeeds to break above...