Matchpool has finished its bubble phase and had a nice breakout with huge volume. We are now moving in a triangle, and waiting for a breakout from here, which will take us to 0.000031. N.B. GUP has found a bottom at 0.00001344 level. Fundamental news: 15 August - Android App Launch
On a daily timeframe we are in a falling edge since ZCL's last major increase in price in late April. Once we breakout, we will have a few resistances but main one at 0.00225. Breaking that resistance will push ZCL higher. Fundamental news: 9th of September - Hard Fork (BTC ANON) The team behind the fork is very transparent and very talented.
BCN looks like it is performing H&S Pattern, with now finishing its head at 0.00000038. It is a good time to buy the coin with projection to 0.00000140, where it will have the top of the right shoulder. Stop-loss is recommended for this coin at 0.00000034, because the next strong support is at 0.00000013 BIG NEWS for BCN: 17 AUG 2018 - Public TESTNET...
BCN looks like it is performing H&S Pattern, with now finishing its head at 0.00000038. It is a good time to buy the coin with projection to 0.00000140, where it will have the top of the right shoulder. Stop-loss is recommended for this coin at 0.00000034, because the next strong support is at 0.00000013 BIG NEWS for BCN: 17 AUG 2018 - Public TESTNET...
As can be seen from the graphs, the trend lines are marked. We will probably move to a lower level, repeating the pattern from 2 weeks before, going to 6900 level. If that does not hold, we will retest the lower supports. However, if you look at 2014 charts, you could see the very similar patter since ATH and that the latest pump in price to 7599 to be the last...
BCH has been consolidating for long and BTC could not break ATH at 8000 level. Looks like we have a bull run, until 1800 level. Small correction to be expected at that level, and further uptrend move to 2800 level. If BTC breaks ATH, BCH has strong support at 1070.
BTC has bounced back from 7050 very rapidly, so bullish trend must continue. Altcoins profits have been taken during the recession of BTC, and now we have another go at it. Expect BTC to hit 8000 for next bear.
Our previous target reached, now market is keeping up with all the buyers. If we can break 7100 level, expect retracement to 6900.
System overbought! must drop for a new ATH, also can see the rise of altcoins, which indicates that investors sold their BTCs to get more out of altcoins!