Search content
Sort by
Showing 20 of 584 results by cryptopost
Hello everyone! Recently we launched a crypto signal service: cryptosignalist.com
I would like to know a general impression and if such service is of interested at all?
Would appreciate your feedback and let me know if you have any questions.
I would like to know a general impression and if such service is of interested at all?
Would appreciate your feedback and let me know if you have any questions.
Bitcoin Bullish and Bearish Scenarios
Since the 14th of August, when price tested the low at $5858, Bitcoin has established an uptrend, that can be confirmed by the higher highs and higher lows. The strong support has been established at $6256, which has been rejected multiple times, with the most recent bounce occurred on the 23rd of August.
Yet, clear indecision is dominating, considering the fact that price broke first above the triangle patter and then below it. Nevertheless the 61.8% Fibonacci support has been rejected, and bullish scenario at this point is more favorable.
Recently strong resistance at $6500 has been broken, which today has acted as the support. Therefore, while BTC/USD is above this support, buyers could start to take more and more action, pushing price higher, perhaps towards the strong psychological resistance at $10k area.
On the downside, if Bitcoin breaks below the $6500 level, and then below the triangle patter once again, ten price is likely to test $6256 support, and potentially go even lower. At this stage bullish scenario should be invalidated and either a downtrend or a consolidation might be the case.
Source: http://cryptopost.com/bitcoin-bullish-and-bearish-scenarios/
Telegram channel: Bitcoin Bullish and Bearish Scenarios
Since the 14th of August, when price tested the low at $5858, Bitcoin has established an uptrend, that can be confirmed by the higher highs and higher lows. The strong support has been established at $6256, which has been rejected multiple times, with the most recent bounce occurred on the 23rd of August.
Yet, clear indecision is dominating, considering the fact that price broke first above the triangle patter and then below it. Nevertheless the 61.8% Fibonacci support has been rejected, and bullish scenario at this point is more favorable.
Recently strong resistance at $6500 has been broken, which today has acted as the support. Therefore, while BTC/USD is above this support, buyers could start to take more and more action, pushing price higher, perhaps towards the strong psychological resistance at $10k area.
On the downside, if Bitcoin breaks below the $6500 level, and then below the triangle patter once again, ten price is likely to test $6256 support, and potentially go even lower. At this stage bullish scenario should be invalidated and either a downtrend or a consolidation might be the case.
Source: http://cryptopost.com/bitcoin-bullish-and-bearish-scenarios/
Telegram channel: Bitcoin Bullish and Bearish Scenarios
Bitcoin Struggling to Break Higher
The bitcoin downtrend still remains valid as price continues to produce lower lows and lower highs. Since 25th of July, BTC has lost over 30% to the US Dollar, while price moved from the $8500 down to the recent low at $5850 area.
At the same time strong resistance has been formed at $6500, which is confirmed by the 361.8% Fibs applied to the corrective wave up after the uptrend trendline breakout. The support is seen at $6000, which at first glance seems to be broken, although daily close stays above this key level.
Currently it would be important to watch two levels, first is a $6k support and second is the $6.5k resistance. If the resistance is broken, together with the 200 Moving Average and the downtrend trendline, it could be a strong signal of a potential trend reversal, resulting in a growth towards the $10k psychological resistance. But there will be a daily close below the recent low at $5850, the downtrend is very likely to continue, at least towards the next support at $5500.
There are multiple scenarios of the price development in the coming days, but as has been mentioned already, key support and resistance levels should be watched very closely.
Source: http://cryptopost.com/bitcoin-struggling-to-break-higher/
Telegram channel: https://t.me/cryptopost
The bitcoin downtrend still remains valid as price continues to produce lower lows and lower highs. Since 25th of July, BTC has lost over 30% to the US Dollar, while price moved from the $8500 down to the recent low at $5850 area.
At the same time strong resistance has been formed at $6500, which is confirmed by the 361.8% Fibs applied to the corrective wave up after the uptrend trendline breakout. The support is seen at $6000, which at first glance seems to be broken, although daily close stays above this key level.
Currently it would be important to watch two levels, first is a $6k support and second is the $6.5k resistance. If the resistance is broken, together with the 200 Moving Average and the downtrend trendline, it could be a strong signal of a potential trend reversal, resulting in a growth towards the $10k psychological resistance. But there will be a daily close below the recent low at $5850, the downtrend is very likely to continue, at least towards the next support at $5500.
There are multiple scenarios of the price development in the coming days, but as has been mentioned already, key support and resistance levels should be watched very closely.
Source: http://cryptopost.com/bitcoin-struggling-to-break-higher/
Telegram channel: https://t.me/cryptopost
Bitcoin Once Again Hitting Support
During the weekend Bitcoin has tested the $6k level once again, which now seems to be the key price. The technical support area is seen between $6088 $6273 and BTC has produced a spike below that level, but failed to close below on a daily chart.
While USD 6000 is holding, Bitcoin could start the upswing, targeting the previous high at $8500 area as the downtrend trendline and the 200 Moving Average were broken. The first upside target corresponds with the middle line of the descending channel and 38.2% Fibs applied to the downtrend trendline breakout point.
If first resistance at $8.5k is broken, the next key resistance is seen around $10k area, which is an extremely strong psychological resistance.
At the same time, it seems that consolidation is taking place as BTC clearly formed a strong support near $6k area, and failed to break with confidence multiple times. Yet is is possible that price will drop further, and daily close below $6k should push price lower, potentially towards $5 5.5k area.
Source: http://cryptopost.com/bitcoin-once-again-hitting-support/
Telegram channel: https://t.me/cryptopost
During the weekend Bitcoin has tested the $6k level once again, which now seems to be the key price. The technical support area is seen between $6088 $6273 and BTC has produced a spike below that level, but failed to close below on a daily chart.
While USD 6000 is holding, Bitcoin could start the upswing, targeting the previous high at $8500 area as the downtrend trendline and the 200 Moving Average were broken. The first upside target corresponds with the middle line of the descending channel and 38.2% Fibs applied to the downtrend trendline breakout point.
If first resistance at $8.5k is broken, the next key resistance is seen around $10k area, which is an extremely strong psychological resistance.
At the same time, it seems that consolidation is taking place as BTC clearly formed a strong support near $6k area, and failed to break with confidence multiple times. Yet is is possible that price will drop further, and daily close below $6k should push price lower, potentially towards $5 5.5k area.
Source: http://cryptopost.com/bitcoin-once-again-hitting-support/
Telegram channel: https://t.me/cryptopost
NameCoin Should Correct up
or Reverse?
On the 11th of August, Namecoin has reached the low at $0.64 where it has rejected the 327.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
Price has formed a double bottom at that stage and RSI shows the bullish divergence suggesting either a corrective move upwards or even a trend reversal. Trend reversal yet to be confirmed as it is far to early for that statement. However, the correction is likely to take place as today NMC/USD broke above uptrend trendline on the RSI as well as on the price chart.
This breakout might trigger further upside growth. The nearest target can be seen at 23.6% Fibonacci retracement level, which is $1.1. It could be that $1 psychological resistance area could play a key role in further price development. If this resistance is broken, that talks about the potential trend reversal will be much more relevant. But at this point only a correctional move should be expected.
It is also worth considering the downtrend continuation. This could be the case if the recent low is broke, with the daily break and close below the $0.064 low.
Source: http://cryptopost.com/namecoin-should-correct-up-or-reverse/
Telegram channel: https://t.me/cryptopost
On the 11th of August, Namecoin has reached the low at $0.64 where it has rejected the 327.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
Price has formed a double bottom at that stage and RSI shows the bullish divergence suggesting either a corrective move upwards or even a trend reversal. Trend reversal yet to be confirmed as it is far to early for that statement. However, the correction is likely to take place as today NMC/USD broke above uptrend trendline on the RSI as well as on the price chart.
This breakout might trigger further upside growth. The nearest target can be seen at 23.6% Fibonacci retracement level, which is $1.1. It could be that $1 psychological resistance area could play a key role in further price development. If this resistance is broken, that talks about the potential trend reversal will be much more relevant. But at this point only a correctional move should be expected.
It is also worth considering the downtrend continuation. This could be the case if the recent low is broke, with the daily break and close below the $0.064 low.
Source: http://cryptopost.com/namecoin-should-correct-up-or-reverse/
Telegram channel: https://t.me/cryptopost
Zclassic VS Bitcoin Range Trading, unless
Zclassic found the bottom on the 31st of May, where it hit and rejected the 40k satoshis psychological support. The price jumped up to 400k satoshis area, which was a huge 1000% growth in just one month.
Since the end of April has been declining steadily and went down to 100k satoshis area, where it rejected 88.6% Fibonacci retracement level cleanly. On a lower, ZCL/BTC has formed a double bottom at 100k area after which price went up shaprly.
Zclassic broke above the 50 Moving Average and went up to 242k satoshis level, where it has rejected the 50% Fibonacci retracement level. At this point price could be trapped between 100k support and 240k resistance levels.
Break above or below is required for ZCL to either continue the uptrend or correct even further down. Daily break and close above the resistance might be the signal of the uptrend continuation, while Zclassic should rise towards the 161.8% Fibonacci retracement level, that is 658k satoshis.
On the downside, break and close below the 100k support should push the price down and Zclassic is likely to produce a double bottom at 40k satoshis area.
Source: http://cryptopost.com/zclassic-vs-bitcoin-range-trading-unless/
Telegram channel: https://t.me/cryptopost
Zclassic found the bottom on the 31st of May, where it hit and rejected the 40k satoshis psychological support. The price jumped up to 400k satoshis area, which was a huge 1000% growth in just one month.
Since the end of April has been declining steadily and went down to 100k satoshis area, where it rejected 88.6% Fibonacci retracement level cleanly. On a lower, ZCL/BTC has formed a double bottom at 100k area after which price went up shaprly.
Zclassic broke above the 50 Moving Average and went up to 242k satoshis level, where it has rejected the 50% Fibonacci retracement level. At this point price could be trapped between 100k support and 240k resistance levels.
Break above or below is required for ZCL to either continue the uptrend or correct even further down. Daily break and close above the resistance might be the signal of the uptrend continuation, while Zclassic should rise towards the 161.8% Fibonacci retracement level, that is 658k satoshis.
On the downside, break and close below the 100k support should push the price down and Zclassic is likely to produce a double bottom at 40k satoshis area.
Source: http://cryptopost.com/zclassic-vs-bitcoin-range-trading-unless/
Telegram channel: https://t.me/cryptopost
AdToken VS Bitcoin Trying to Move Higher
AdToken has found the bottom at 180 satoshi level, on the 30th of June. Since then price has established an uptrend, although with a very high volatility. On the 23th of July, price spiked up and went up by 460% in a matter of hours. ADT/BTC reached the 1068 satoshis high, followed by an immediate strong correction down.
ADT has found the support at 230 satoshis, which is the level of the downtrend trendline breakout point. The following move was a wave up, resulting in a break above the 50 Moving Average, and reaching 366 satoshis level.
The higher highs and higher lows pattern is still valid, therefore the uptrend is intact. It could be reasonable to expect further growth, although price has to break above the resent high first.
If 366 satoshis resistance level is broken, AdToken could jump up, potentially reaching the strong resistance area near 750 satoshis, which is the 61.8% Fibonacci retracement level.
But if daily closing price stays below the 366 satoshis level, AdToken could move lower, perhaps towards the previous low at 180 satoshis level and below.
Source: http://cryptopost.com/adtoken-vs-bitcoin-trying-to-move-higher/
Telegram channel: https://t.me/cryptopost
AdToken has found the bottom at 180 satoshi level, on the 30th of June. Since then price has established an uptrend, although with a very high volatility. On the 23th of July, price spiked up and went up by 460% in a matter of hours. ADT/BTC reached the 1068 satoshis high, followed by an immediate strong correction down.
ADT has found the support at 230 satoshis, which is the level of the downtrend trendline breakout point. The following move was a wave up, resulting in a break above the 50 Moving Average, and reaching 366 satoshis level.
The higher highs and higher lows pattern is still valid, therefore the uptrend is intact. It could be reasonable to expect further growth, although price has to break above the resent high first.
If 366 satoshis resistance level is broken, AdToken could jump up, potentially reaching the strong resistance area near 750 satoshis, which is the 61.8% Fibonacci retracement level.
But if daily closing price stays below the 366 satoshis level, AdToken could move lower, perhaps towards the previous low at 180 satoshis level and below.
Source: http://cryptopost.com/adtoken-vs-bitcoin-trying-to-move-higher/
Telegram channel: https://t.me/cryptopost
GXShares Decision Point
GXShares trend remains bullish as price continues to produce lower lows and lower highs, and at the same time Fibonacci resistance levels are being rejected. However, today GXS/USD has reached 78.6% Fibonacci support level at $2.5, which has been rejected along with the 8/1 Gann Fan trendline.
Price produced the spike below the support reaching $2.38 low. While the daily closing price stays above that level GXShare could produce a corrective wave up, potentially reaching the resistance at $3.8, that is 61.8% Fibs.
But, if GXS breaks below the $2.38, the downtrend continuation will become the most probable scenario. In this case GXShares could drop towards the key phsycological support area, near $1.
Currently it looks like the low risk buying opportunity can be considered, with the potential stop and reverse approach.
Source: http://cryptopost.com/gxshares-decision-point/
Telegram channel: https://t.me/cryptopost
GXShares trend remains bullish as price continues to produce lower lows and lower highs, and at the same time Fibonacci resistance levels are being rejected. However, today GXS/USD has reached 78.6% Fibonacci support level at $2.5, which has been rejected along with the 8/1 Gann Fan trendline.
Price produced the spike below the support reaching $2.38 low. While the daily closing price stays above that level GXShare could produce a corrective wave up, potentially reaching the resistance at $3.8, that is 61.8% Fibs.
But, if GXS breaks below the $2.38, the downtrend continuation will become the most probable scenario. In this case GXShares could drop towards the key phsycological support area, near $1.
Currently it looks like the low risk buying opportunity can be considered, with the potential stop and reverse approach.
Source: http://cryptopost.com/gxshares-decision-point/
Telegram channel: https://t.me/cryptopost
Verge Range Trading
Since the beginning of May, Verge has been trading down and has reached the bottom on the 24th of June, when it hit the $0.02 low. After that the range trading has started, and currently XVG/USD has stuck between $0.029 resistance and $0.02 support.
There is absolutely no clarity of further price direction at this point. However, considering that the long term trend is down, it is still more likely that it will continue. But for that, weekly break and close below the $0.02 support is required.
When/if the support is broken, next support is seen at 561.8% Fibs, that is $0.012. And according to the Fibonacci time zone, the low can be reached around 7th of August.
On the upside, if the resistance is broken, it could be the first indication of a trend reversal, or at least a corrective wave up. In this case the upside target is seen neat $0.044 resistance area, that is 23.6% Fibs.
Source: http://cryptopost.com/verge-range-trading/
Telegram channel: https://t.me/cryptopost
Since the beginning of May, Verge has been trading down and has reached the bottom on the 24th of June, when it hit the $0.02 low. After that the range trading has started, and currently XVG/USD has stuck between $0.029 resistance and $0.02 support.
There is absolutely no clarity of further price direction at this point. However, considering that the long term trend is down, it is still more likely that it will continue. But for that, weekly break and close below the $0.02 support is required.
When/if the support is broken, next support is seen at 561.8% Fibs, that is $0.012. And according to the Fibonacci time zone, the low can be reached around 7th of August.
On the upside, if the resistance is broken, it could be the first indication of a trend reversal, or at least a corrective wave up. In this case the upside target is seen neat $0.044 resistance area, that is 23.6% Fibs.
Source: http://cryptopost.com/verge-range-trading/
Telegram channel: https://t.me/cryptopost
Storj Coin Action Time
Storj has been steadily declining since 3rd of may, and already lost 70% to the USD. Price has moved down from $1.33 to the $0.4 low. STORJ/USD almost reached the 127.2% Fibonacci support level at $0.38, but failed to couch it.
In any case trend remains bearish as price still moves within the descending channel, and recently rejected the upper trendline, suggesting the continuation of the downtrend. At the same time it seems that currently price started to consolidate, between $0.4 support and $0.55 resistance.
The range trading could continue, but the interesting timing is the 4th of September, which is 8th period of the Fibonacci Time Zone indicator. Around that day, price might start showing some signs of a trend which could help to reveal further direction.
There are multiple scenarios that should be expected, but only break above the resistance or below the support could be the trigger for the next STORJ move.
If $0.38 support is broken, price is likely to go down further, to test 161.8% Fibs at $0.12. But if the resistance is broken, this might be the first sign of a potential trend reversal.
Source: http://cryptopost.com/storj-coin-action-time/
Telegram channel: https://t.me/cryptopost
Storj has been steadily declining since 3rd of may, and already lost 70% to the USD. Price has moved down from $1.33 to the $0.4 low. STORJ/USD almost reached the 127.2% Fibonacci support level at $0.38, but failed to couch it.
In any case trend remains bearish as price still moves within the descending channel, and recently rejected the upper trendline, suggesting the continuation of the downtrend. At the same time it seems that currently price started to consolidate, between $0.4 support and $0.55 resistance.
The range trading could continue, but the interesting timing is the 4th of September, which is 8th period of the Fibonacci Time Zone indicator. Around that day, price might start showing some signs of a trend which could help to reveal further direction.
There are multiple scenarios that should be expected, but only break above the resistance or below the support could be the trigger for the next STORJ move.
If $0.38 support is broken, price is likely to go down further, to test 161.8% Fibs at $0.12. But if the resistance is broken, this might be the first sign of a potential trend reversal.
Source: http://cryptopost.com/storj-coin-action-time/
Telegram channel: https://t.me/cryptopost
Ethereum Classic Breakout Opportunity
Ethereum Classic found the bottom at $12, which has been tested on the 10th of June. since then price started to rise slowly, producing higher highs and higher lows. The 50 Moving Average has been broken and currently ETC/USD is trading above it.
The uptrend trendline has been rejected forming minor support at $15.65. At the same time minor resistance is seen at $17.44, which has to be broken in order for the ETC to continue going higher.
Daily break and close above the $17.44 resistance should push price further up, towards the previous resistance level at $25.4, which is 38.2% Fibonacci retracement level.
But, daily break and close below the $15.65 might result in a continuation of the range trading, potentially sending price back down to the $12 support area.
Source: http://cryptopost.com/ethereum-classic-breakout-opportunity/
Telegram channel: https://t.me/cryptopost
Ethereum Classic found the bottom at $12, which has been tested on the 10th of June. since then price started to rise slowly, producing higher highs and higher lows. The 50 Moving Average has been broken and currently ETC/USD is trading above it.
The uptrend trendline has been rejected forming minor support at $15.65. At the same time minor resistance is seen at $17.44, which has to be broken in order for the ETC to continue going higher.
Daily break and close above the $17.44 resistance should push price further up, towards the previous resistance level at $25.4, which is 38.2% Fibonacci retracement level.
But, daily break and close below the $15.65 might result in a continuation of the range trading, potentially sending price back down to the $12 support area.
Source: http://cryptopost.com/ethereum-classic-breakout-opportunity/
Telegram channel: https://t.me/cryptopost
0x VS Bitcoin Buying Opportunity
0x trend remains upwards as the price continues to produce higher highs and higher lows. Currently ZRX/BTC is in a correctional phase, while the price has declined from 18600 satoshis high, down to the 13000 satoshis, losing 30% to Bitcoin.
At 13k satoshis, ZRX has rejected the 88.6% Fibonacci retracement level applied to the last wave up. At the same time it has rejected 61.8% Fibs applied at the beginning of an uptrend. Both of the Fib levels were rejected along with the 200 Moving Average.
If 13k support area will hold, the uptrend is likely to continue, but consolidation could take place prior to that.
Nevertheless, if the daily close will be below 12900 satoshis low, further correction should be expected. Price could drop towards 12k or 11k satoshis area. And only break and close below 10800 satoshis would invalidate bullish outlook and downtrend continuation can be expected.
Source: http://cryptopost.com/0x-vs-bitcoin-buying-opportunity/
Telegram channel: https://t.me/cryptopost
0x trend remains upwards as the price continues to produce higher highs and higher lows. Currently ZRX/BTC is in a correctional phase, while the price has declined from 18600 satoshis high, down to the 13000 satoshis, losing 30% to Bitcoin.
At 13k satoshis, ZRX has rejected the 88.6% Fibonacci retracement level applied to the last wave up. At the same time it has rejected 61.8% Fibs applied at the beginning of an uptrend. Both of the Fib levels were rejected along with the 200 Moving Average.
If 13k support area will hold, the uptrend is likely to continue, but consolidation could take place prior to that.
Nevertheless, if the daily close will be below 12900 satoshis low, further correction should be expected. Price could drop towards 12k or 11k satoshis area. And only break and close below 10800 satoshis would invalidate bullish outlook and downtrend continuation can be expected.
Source: http://cryptopost.com/0x-vs-bitcoin-buying-opportunity/
Telegram channel: https://t.me/cryptopost
When To Buy Cardano?
It seems that Cardano has established an uptrend while producing higher highs and higher lows. ADA/USD has gained 75% against the USD since 29th of June, when it moved from $0.11 up to recent high, which almost touched $0.2.
Currently price is correcting down and breaking below the 200 Moving Average. The corrective move down is likely to continue and strong support is seen at $0.146, that is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline break.
This level also corresponds to the downtrend trendline breakout confirmation point and the uptrend trendline. This price might be the price of interest for many investors and could be the end of the correction down.
Yet it is important to wait and see that the $0.146 support is rejected, and only then act accordingly. If the support is broken the correction could be extended, sending price lower, down to the $0.125 support.
It is also worth mentioning that Cardano is now trading at the 200 Moving Average, without confirmed breakout below, and if price stays above $0.152 the uptrend could continue without further decline.
Source: http://cryptopost.com/when-to-buy-cardano/
Telegram channel: https://t.me/cryptopost
It seems that Cardano has established an uptrend while producing higher highs and higher lows. ADA/USD has gained 75% against the USD since 29th of June, when it moved from $0.11 up to recent high, which almost touched $0.2.
Currently price is correcting down and breaking below the 200 Moving Average. The corrective move down is likely to continue and strong support is seen at $0.146, that is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline break.
This level also corresponds to the downtrend trendline breakout confirmation point and the uptrend trendline. This price might be the price of interest for many investors and could be the end of the correction down.
Yet it is important to wait and see that the $0.146 support is rejected, and only then act accordingly. If the support is broken the correction could be extended, sending price lower, down to the $0.125 support.
It is also worth mentioning that Cardano is now trading at the 200 Moving Average, without confirmed breakout below, and if price stays above $0.152 the uptrend could continue without further decline.
Source: http://cryptopost.com/when-to-buy-cardano/
Telegram channel: https://t.me/cryptopost
Bitcoin Potential Correction Down
Bitcoin has been rising since 24th of June, and went from $5780 up to the recent high at $8490 area, gaining 48% against the USD. Currently price has corrected down and found the support at the 50% Fibonacci retracement level and rejected the uptrend trendline at the same time.
Overall, the trend remains bullish and at this point, while the Fibonacci support holds, the uptrend continuation is likely to take place. However, if the trendline is broken, BTC/USD might correct down further, towards one of the next minor Fibonacci support levels.
Break below the trendline could also mean the consolidation between the $7350 and $7850 levels. If BTC will break below the $7350, more downside correction should be expected, and Bitcoin could reach the $7k psychological support, that is 61.8% Fibonacci retracement.
Finally, if the support at $7k is broken, next support is seen at $6650, which is 76.4% Fibs. And only break and close below the $6650 could be the confirmation of the downtrend continuation.
Source: http://cryptopost.com/bitcoin-potential-correction-down/
Telegram channel: https://t.me/cryptopost
Bitcoin has been rising since 24th of June, and went from $5780 up to the recent high at $8490 area, gaining 48% against the USD. Currently price has corrected down and found the support at the 50% Fibonacci retracement level and rejected the uptrend trendline at the same time.
Overall, the trend remains bullish and at this point, while the Fibonacci support holds, the uptrend continuation is likely to take place. However, if the trendline is broken, BTC/USD might correct down further, towards one of the next minor Fibonacci support levels.
Break below the trendline could also mean the consolidation between the $7350 and $7850 levels. If BTC will break below the $7350, more downside correction should be expected, and Bitcoin could reach the $7k psychological support, that is 61.8% Fibonacci retracement.
Finally, if the support at $7k is broken, next support is seen at $6650, which is 76.4% Fibs. And only break and close below the $6650 could be the confirmation of the downtrend continuation.
Source: http://cryptopost.com/bitcoin-potential-correction-down/
Telegram channel: https://t.me/cryptopost
Ethereum VS Bitcoin Rejected Support
Recently Ethereum has hit the bottom, reaching btc 0.056 low. At the same time it has rejected the 327.2% Fibonacci retracement level applied to the corrective wave up, after the break below the support established back on 8th of July.
Price spiked below the support, although failed to break below with confidence. Then price went up and broke above the downtrend trendline, followed by the break above the 50 Moving Average, that occurred today.
Currently ETH/BTC is trading right at the uptrend trendline, which could be the starting point of a corrective wave upwards. If btc 0.056 will remain untouched, Ethereum is likely to move upwards, and should reach strong resistance at btc 0.065, that is 50% Fibonacci retracement level. Break above that resistance might be the confirmation of the uptrend, while the rejection should result in a continuation of the downtrend.
On the downside, if ETH/BTC will close below the recent low, the bullish outlook shall be invalidated and could result in further downtrend, perhaps to btc 0.05 psychological support.
Source: http://cryptopost.com/ethereum-vs-bitcoin-rejected-support/
Telegram channel: https://t.me/cryptopost
Recently Ethereum has hit the bottom, reaching btc 0.056 low. At the same time it has rejected the 327.2% Fibonacci retracement level applied to the corrective wave up, after the break below the support established back on 8th of July.
Price spiked below the support, although failed to break below with confidence. Then price went up and broke above the downtrend trendline, followed by the break above the 50 Moving Average, that occurred today.
Currently ETH/BTC is trading right at the uptrend trendline, which could be the starting point of a corrective wave upwards. If btc 0.056 will remain untouched, Ethereum is likely to move upwards, and should reach strong resistance at btc 0.065, that is 50% Fibonacci retracement level. Break above that resistance might be the confirmation of the uptrend, while the rejection should result in a continuation of the downtrend.
On the downside, if ETH/BTC will close below the recent low, the bullish outlook shall be invalidated and could result in further downtrend, perhaps to btc 0.05 psychological support.
Source: http://cryptopost.com/ethereum-vs-bitcoin-rejected-support/
Telegram channel: https://t.me/cryptopost
Ethereum Classic VS Bitcoin Correction
Ethereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up.
ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established.
On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.
Source: http://cryptopost.com/ethereum-classic-vs-bitcoin-correction/
Telegram channel: https://t.me/cryptopost
Ethereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up.
ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established.
On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.
Source: http://cryptopost.com/ethereum-classic-vs-bitcoin-correction/
Telegram channel: https://t.me/cryptopost
WanChain vs Bitcoin Upcoming Reversal Potential
Since June,WanChain has been trending downwards within the descending channel. It has lost over 64% to Bitcoin in less than two months. Although today price has bounced off the 227.2% Fibonacci retracement level at 2350 satoshis.
The support has been rejected cleanly suggesting that WAN/BTC could have reached the bottom or very close to it. At the same time the middle trendline of the descending channel has been rejected.
Indeed, this could be the turning point for the WanChain, although far to early to state about that with confidence. The downside momentum is still strong and WAN could fall slighly lower, towards 2130 satoshis before moving up. But only break and close below 2130 level would invalidate bullish scenario.
On the other hand, if price stays above the 2350 satoshis, the correctional wave up could be the case, first strong resistance is seen near 3k satoshis area. If broken, further move up should be expected, towards 3.7k satoshis area. And finally, if 3800 satoshis level is broken, with the daily close above, the uptrend might start, inviting a lot more buyers.
Source: http://cryptopost.com/wanchain-vs-bitcoin-upcoming-reversal-potential/
Telegram channel: https://t.me/cryptopost
Since June,WanChain has been trending downwards within the descending channel. It has lost over 64% to Bitcoin in less than two months. Although today price has bounced off the 227.2% Fibonacci retracement level at 2350 satoshis.
The support has been rejected cleanly suggesting that WAN/BTC could have reached the bottom or very close to it. At the same time the middle trendline of the descending channel has been rejected.
Indeed, this could be the turning point for the WanChain, although far to early to state about that with confidence. The downside momentum is still strong and WAN could fall slighly lower, towards 2130 satoshis before moving up. But only break and close below 2130 level would invalidate bullish scenario.
On the other hand, if price stays above the 2350 satoshis, the correctional wave up could be the case, first strong resistance is seen near 3k satoshis area. If broken, further move up should be expected, towards 3.7k satoshis area. And finally, if 3800 satoshis level is broken, with the daily close above, the uptrend might start, inviting a lot more buyers.
Source: http://cryptopost.com/wanchain-vs-bitcoin-upcoming-reversal-potential/
Telegram channel: https://t.me/cryptopost
Zilliqa VS Bitcoin Reached The Downside Target
Following the previous idea on Zilliqa, price has reached the downside support, that has been rejected cleanly. The support is based at 815 satoshis, which is confirmed by 78.6% and 227.2% Fibonacci retracement levels.
Along with the Fib support, ZIL/BTC rejected the 2/1 Gann Fan Trendline, suggesting the potential corrective wave up or a trend reversal. At this stage conslidation phase might start and it will be important to watch current support. Daily break and close below 815 satoshis, should result in further decline towards 600 satoshis, which is 88.6% Fibs.
But, if the current support will hold price is likely to increase towards previous resistance at 50% Fibs, that is 1430 satoshis. This could be a strong corrective wave up, but if the 1430 resistance is broken, the long term uptrend could continue, which might send price to the new all-time high.
Source: http://cryptopost.com/zilliqa-vs-bitcoin-reached-the-downside-target/
Telegram channel: https://t.me/cryptopost
Following the previous idea on Zilliqa, price has reached the downside support, that has been rejected cleanly. The support is based at 815 satoshis, which is confirmed by 78.6% and 227.2% Fibonacci retracement levels.
Along with the Fib support, ZIL/BTC rejected the 2/1 Gann Fan Trendline, suggesting the potential corrective wave up or a trend reversal. At this stage conslidation phase might start and it will be important to watch current support. Daily break and close below 815 satoshis, should result in further decline towards 600 satoshis, which is 88.6% Fibs.
But, if the current support will hold price is likely to increase towards previous resistance at 50% Fibs, that is 1430 satoshis. This could be a strong corrective wave up, but if the 1430 resistance is broken, the long term uptrend could continue, which might send price to the new all-time high.
Source: http://cryptopost.com/zilliqa-vs-bitcoin-reached-the-downside-target/
Telegram channel: https://t.me/cryptopost