Mate Cser on August 22nd, 2017.
After Monero’s surge yesterday, today it’s Ripple that’s on the move, breaking out from its long standing declining trend, and moving above several key resistance levels. The coin is still below the line-in-the-sand resistance at $0.22 but odds favor further more after the lengthy correction. Ethereum Classic, which has been correlated...
Dmitriy Lavrov on August 22nd, 2017.
Based on the daily chart of Dash we can see a flag chart pattern. It’s a short-term continuation pattern which shows a small consolidation before the previous movement resumes. We should expect for a price breakout above the resistance line of this pattern. Pending orders for buy can be placed at 284.00 level with stop orders below...
Samburaj Das on August 22nd, 2017.
There’s nothing quite like a Solar Eclipse to capture the imagination and inspire a nation. Citizens in United States are still extremely excited and everybody here is talking about it, many of them with very sore eyes. So, here’s the picture I promised you in yesterday’s market update… …just kidding. This...
Dmitriy Lavrov on August 22nd, 2017.
The price bounces from a strong support zone formed by the uptrend line, the kumo and 300.00 support level. RSI confirms price reversal. DMI shows trend market conditions and allows trading. Pending orders for buy should be placed above Kijun line of Ichimoku indicator at 315.00 level. Stop orders must be placed below the support zone at...
Fredrik Vold on August 22nd, 2017.
The Big Question: Has Bitcoin Reached a Temporary Peak? Investors might be losing confidence over a recent rally that saw a few record highs in Bitcoin price. After trading above $4,300 on Thursday, the price for Bitcoin fell sharply, and is currently trading below $3,700, well below the $4,000 mark. Some traders are reportedly losing...
Sam Bourgi on August 22nd, 2017.
Digital currency Ethereum climbed to a two-month high on Monday, taking some of the heat off Bitcoin and Bitcoin Cash, which have slumped since the weekend. Ethereum Forges Higher Path Concerns over Bitcoin created a favourable tailwind for Ethereum (ETH/USD), which is the world’s No. 2 digital currency by total assets....
Mate Cser on August 21st, 2017.
The bull market in cryptocurrencies continues and Monero is the next coin to shine after Dash’s break-out last week. The currency already showed strength in recent weeks, and it finally ended its consolidation with a bang, breaking out to new all-time highs and surging past the $75 level as well. The coin quickly hit the range projection...
Mati Greenspan on August 21st, 2017.
In about eight hours from the time of this writing the moon will pass in front of the sun and cover it completely in a total solar eclipse. The eclipse will be visible across the United States of America starting in the Washington State and making it’s way towards Florida. My family and I are lucky enough to be scheduled for a...
Sam Bourgi on August 21st, 2017.
The Bitcoin Cash (BCH) offshoot soared to new records over the weekend, as higher trade volume and a boost in mining profitability drove gains. However, prices have since come crashing down amid a broad pullback in the newly forged cryptocurrency. BCH Approached $1,000 Over the Weekend Bitcoin Cash jumped 44% to $996.92 on Saturday,...
Dmitriy Lavrov on August 20th, 2017.
The price moves upward in the borders of an ascending price channel. When the price bounced from the trend line of the channel, we got a buy signal. RSI confirmed price reversal. Now we have to place pending orders for buy above the local swing high. If the market moves higher than 41.00, it will be a good confirmation of further upward...
Dmitriy Lavrov on August 20th, 2017.
The price bounced from the support zone formed by the uptrend line and 4000.00-3900.00 support levels. RSI and a bullish divergence confirmed price reversal. It’s time to buy. The local swing high will be a good level for placing pending orders. If the market passes 4200.00 level, it will be an additional confirmation of further...
Mate Cser on August 19th, 2017.
It was a great week for the patient Dash bulls, as the currency that has been trading in a broad consolidation pattern finally broke out to new highs. While the coin was relatively strong for a long-time, it failed to gather strong bullish momentum. This week, the correction ended with a vengeance, and Dash first hit prior range...
Dmitriy Lavrov on August 19th, 2017.
If we look at the 1H chart, we’ll see a double bottom chart pattern. It belongs to a reversal group of chart patterns. If the market bounces from the uptrend line and 0.80000 support level, we’ll have to wait for a price breakout above the local swing high. It will be a confirmation of the double bottom pattern and further...
Dmitriy Lavrov on August 19th, 2017.
The market bounces from the uptrend line and 224.00 support level. RSI confirms price reversal. If the market could not break this support zone formed by the uptrend line and 224.00-216.00 support levels, it means we must be ready to join a possible upward movement. Pending orders for buy should be placed above the local swing high. If...
Mati Greenspan on August 18th, 2017.
3 people have been killed in a tragic and cowardly act in Barcelona. Hours later Spanish police shot and killed five more terror suspects, some of which may have been wearing explosive vests. More than 100 people have been killed in terror attacks over the past year in Europe and the United States and more than 1000 in the rest of the...
Mate Cser on August 18th, 2017.
Most of the major cryptocurrencies are slightly in the red today, as the recent strong rally in BTC seems to be running out of steam. The severely overbought currency breached the $4500 level yesterday before turning lower again, and that’s a drag on the whole segment, although Bitcoin Cash is still rallying strongly since the first 8 MB...
Dmitriy Lavrov on August 18th, 2017.
The price bounces from the uptrend line. RSI confirms price reversal. We can try to catch possible upward movement. Pending orders for buy must be placed above 4325.00 level. Stop orders must be below the uptrend line and the local swing low. It’s 4134.00 level. Profit target should be at 4500.00 level. This is a short term trade....
Mate Cser on August 17th, 2017.
The bull market in cryptocurrencies continues to make headlines, as BTC and Dash registered another great day, both hitting new all-time highs. Bitcoin only breached its prior record price by a small margin, while Dash shot up by 15% as its triangle consolidation finally ended. The coin turned lower from a tad below our long-term range...
Mati Greenspan on August 17th, 2017.
The thought seems almost ridiculous but it seems that this is exactly what’s happening. President Trump’s suggestion that if we’re removing statues we might as well remove the statues of the founding fathers Thomas Jefferson and George Washington both of whom owned slaves. The comparison to the statue that started all...
Dmitriy Lavrov on August 17th, 2017.
The price moves in a horizontal channel formed by 0.15000 and 0.20000 levels. The market is near the bottom border of this channel. If we look at the 4H chart, we can see that the price bounced from the support level. RSI and a bearish divergence confirm a price reversal. We must be ready to catch a new upward movement. Pending orders...