GBPUSD BUY 70%I'm buying GBP, this is a counter-trade to the first PRZ level.
I see GBPUSD as a bear but I also see a retracement happening
Buy-signal
USDJPY BUY SIGNAL 80%Hello Everyone,
I'm buying as soon as it retraces to the 38% PRZ level, and it makes a bullish engulfing candle or variation.
Also, I have been posting analysis on the weekends to show where my head is after a long week of trading so you'll see more of me on here.
When I enter a trade a have 3-4 confirmations and an exit plan, I would try to post mine in here or If I can make a telegram or fb page to show people my process of thinking.
I wish you guys and gals nothing but the best this week,
Thank you.
XVGBTC a good chance to open long positionVerge is one of the top coins, which can demonstrate good growth during 2018. Decrease to Fib 0.786 support level opens opportunity to open long position. Today, most markets are down, many other top coins also provide a good entry opportunity, but first of all we recommend to pay attention to XVG.
Bullish divergence of 4-hour scale can push the market to test the 0.00000725 level within a week.
Viberate VS Bitcoin Near Psychological SupportOn the 24th of June, Viberate hit the low at 1080 satoshis. This is the 127.2% Fibonacci retracement level applied to the previous corrective wave up. At the same time this is the area of the key psychological support, that is 1000 satoshis.
Technically speaking, it might be a very attractive price for buyers, which could result in a trend reversal or a correctional move upwards against the Bitcoin. If daily close will remain above 1k satoshis, price could easily reach the strong resistance at 1615 satoshis, which previously was the key support. The confirmation could be daily break and close the 1260 satoshis resistance, where the descending channel has been rejected.
On the other hand, if VIB/BTC stays below the 1260 resistance and break to the new lows, the downtrend continuation could take place and the bullish outlook would be invalidated.
NCash VS Bitcion Short Term UptrendRecently NCash has found the bottom at 214 satoshis area. There it formed a double bottom, after which price went up and broke above the descending channel. Today NCASH/BTC broke above the 200 Moving Average, suggesting the beginning of an uptrend.
Fibonacci applied to the corrective wave down after the descending channel breakout shows that the nearest strong resistance is at 260 satoshis, which corresponds to the previous support and resistance.
At this stage NCash should continue moving higher, although small corrective move down can also be expected. Break below 200 satoshis could invalidate bullish outlook where the downtrend continuation will take place.
ISimple Token Expected to Double in ValueISimple Token seem to have found the bottom at $0.023 level. The support level is seen at 78.6% Fibonacci retracement, that is $0.027. This level today has been rejected along with the 3/1 Gann Fan trendline, while the price produce a new high high.
Simultaniously, IOST/USD is breaking above the downtrend trendline, and this combined price action suggests the beginning of a short or medium term uptrend. The strong resistance is seen at 23.6% Fibs, that is $0.063. If/when this price is reached IOST would more than double in value against the USD.
It seems that today price bounced off the support level, with the daily low at $0.026. Break and close below that price on the daily chart would invalidate bullish outlook. This makes the potential buy trade setup with an extremely high risk/reward ratio, which could be very attractive for ISimpleToken investors.
Etherparty Should Outperform BitcoinEtherparty has recently found the bottom, hitting 541 satoshis level. At this price it rejected the 261.8% trendline of the Fibonacci channel, applied back in 2nd of May, when FUEL/BTC produced the high.
Then it managed to break and close above the 50 Moving Average suggesting the beginning of a correctional wave up, or even a potential trend reversal. Currently Etherparty is trading right at the 50 Moving Average which this time could act as the support providing a good buying opportunity for the short term.
FUEL could grow from 600 up to 1000 satoshis level, that is 61.8% Fibonacci retracement level, conformed by the 161.8% trendline of the Fibonacci channel. All-in-all, fast growth should be expected, unless price breaks below the 541 satoshis low.
Clams Facing Massive SupportToday CLAMS has reached 11 months low, hitting $2.27 level. This is the key support level for CLAM/USD, that has been rejected for at least 4 consecutive times during the past year. During that year price has moved in cycles, producing up and down waves.
If this cycle will continue the next wave could be starting shortly and confirmation of that could be the break above the descending channel.
At this stage price could either start to consolidate, move slightly lower, potentially to test $2 psychological support, or start a sharp rise. But it is certainly an interesting timing for CLAMS, and if support are will hold and price will stay above the $2, price might go up towards the previous support level at $13 area.
Bitcoin Should Breakout SoonSince February, when Bitcoin found the low at $6k, price continues to consolidate within the triangle patter. Currently BTC/USD is trading very close to the uptrend trendline and the support level at 78.6% Fibonacci retracement level.
Could it be the turning point for BTC? Yes, it certainly could be. Current price seems very attractive and could provide a good buying opportunity for the medium to short term investors. While BTC stays above $6k, the probability of the uptrend remains very high. There are two resistance areas where the Bitcoin could be heading towards, first is $13k and second $18.5k. Both of them are confirmed by Fibonacci retracement levels.
Only if BTC will break and close below $7k, price could reach $6k support once again, which is a key support. Break below $6k should invalidate bullish outlook and might result in a decline towards $4k area.
Tierion Confirming The UptrendSince May, Tierion was moving downwards and has lost nearly 60% to the USD. But on the 29th of May it has bounced off the 88.6% Fibonacci retracement level, that is $0.064. The following wave up resulted in a break above the downtrend trendline reaching the high at $0.088.
The correction down followed and TNT/USD this time found the support at 76.4% Fibonacci retracement level, that is $0.07. Throughout the past few days this support level has been rejected and if not broken, Tierion should start moving higher.
The resistance is seen at 50% Fibs, that is $0.125, which corresponds to the uptrend trendline resistance. But it is still important to watch the $0.064 support level, as the break and close below will invalidate bullish outlook.
BitcoinCash vs Bitcoin Uptrend EstablishedBitcoinCash found the bottom at btc 0.123 while forming a bullish divergence on the RSI oscillator. The following wave up resulted in a break above the downtrend trendline and the 50 Moving Average, suggesting the continuation of the already established uptrend.
The recent wave up resulted in a break above the btc 0.152 resistance level, confirming BCC/BTC bullish intentions. The potential move up might result in a growth towards btc 0.2, that is 38.2% Fibonacci retracement applied through the all-time high.
But this is only the first upside target and key resistance level. If Bitcoin Cash will break above, that should confirm further uptrend and could send price much higher. On the other hand, rejection could result in a corrective move down or an extended consolidation.
The risk of the downtrend will only become valid once/if price breaks below the btc 0.123. In that case BCC could go down towards btc 0.1 psychological support.
Status Rejecting Second SupportOn the 29th of May Status has found the support at 88.6% Fibonacci retracement, that is $0.087 level. The following wave up resulted in a break above two descending channels and reaching the high at $0.1.
The corrective wave down followed and SNT/USD yet again fond the support, this time at the 76.4% Fibs, that is $0.091. The strong support area has been formed between $0.087 and $0.091, and while it is holding, trend is likely to reverse to the upside.
Nearest resistance could be 61.8% Fibs retracement level, that is $0.15, which could provide a potential growth of 60% in the medium term. If that resistance is broken, an exponential growth by Status could take place.
It is important to watch the support area in general and $0.086 level in particular, as daily break and close would invalidate bullish outlook and could result in a decline towards the previous support at $0.074
NEO Soon Could Reach $120This week NEO tested the low at $47 after which price went up, breaking above the downtrend trendline followed by the break above the 50 Moving Average. Such price action could be the first signs of the upcoming uptrend, providing a good risk/rewards buying opportunity.
The upside target is seen at 50% Fibs applied though the all-time high, that is $121 area. It is also confirmed by 161.8% Fibs, applied to the recent corrective wave down. This makes the area between $121 and $123 a strong resistance and a potential upside target.
The only way price could continue to decline, is when/if NEO/USD will break below $44 support area, which currently seems as unlikely scenario.
IOTA Short-Term Upside TargetIOTA formed the bullish divergence on the RSI oscillator after it found the low at $1.33. The following wave up resulted in a break above the 200 Moving Average and the downtrend trendline, suggesting the the price is likely to change the trend.
Fibonacci, applied to the corrective wave up after the trendline break, shows that currently 127.2% Fibs level, at $1.7, is being rejected. At the same time the 200 Moving Average also acting as the support, that is currently holding.
Such price activity suggest that IOTA should start to move higher, and could reach $3 resistance area, confirmed by 127.2% Fibs applied to the corrective wave down since 3rd of May.
If IOT/USD will break below current support at $1.7, confirmed by the daily close lower, the bullish outlook could be invalidated and IOTA could decline back to $1.33 support area. But considering the risk/reward ration, it seems that the buying opportunity is very reasonable at this time.
EOS Might Reach $30Since EOS has reached the $23 high, on the 29th of April, price corrected down and found the support at $10. The support is confirmed by 161.8% Fibs applied to the corrective wave down after the breakout of the descending channel on the 11th of April.
EOS/USD formed a double bottom at $10 support and today it broke above the descending channel. Current price action suggest the continuation of the uptrend, where EOS could reach strong resistance at $27. It is very close to the $30 psychological price and it is likely that EOS will find the resistance at that area.
To invalidate bullish outlook, EOS/USD must close below the $10 support, which could trigger a stronger move down, that could result in a decline towards $4 support area.
Ethereum VS Bitcoin RiseEthereum uptrend has been obvious up until the 20th of May when it reached btc 0.085 high. Then price corrected down to btc 0.071, losing 16% to Bitcoin. However ETH/BTC cleanly rejected the 2/1 Gann Fan trendline followed by the breakout of the downtrend trendline, not to mention the formation of the Bullish Divergence on the RSI oscillator.
This might imply that the uptrend is about to continue and price could reach btc 0.095, that is 161.8% Fibonacci retracement level, applied to the current corrective wave down. The btc 0.095 is very close to the btc 0.1 psychological resistance that potentially could also be reached. But the break above that resistance could send ETH much higher, although it yet to be seen.
On the downside, break and close below btc 0.071 support would invalidate bullish outlook and could result in continuation of the correctional move down.
Burst Could Triple Against BitcoinSince April, Burst has been steadily moving upwards producing higher highs and higher lows, while it moved from 190 up until 360 satoshis. On a corrective wave down price reached 280 satoshis support, that has been rejected along with the uptrend trendline.
Yesterday BURST/BTC broke above the minor resistance at 320 satoshis, which should result in a continuation of the long term uptrend. There are several resistance to watch, first is 78.6% Fibs at 785 satoshis. Second is 88.6% Fibs at 875 satoshis. And final resistance is near 1000 satoshis, that is a strong psychological level, and also the price that was rejected twice back in 2017.
The uptrend could only be invalidated in daily close will be below 280 satoshis support. In that case consolidation could take place and even decline towards 200 satoshis area.
GAS vs Bitcoin Getting TractionGAS has found the support at btc 0.0024, that is 76.4% Fibonacci retracement level. This support has been rejected twice, along with the uptrend trendline. The wave up followed, where GAS/BTC broke above the downtrend trendline suggesting the beginning of the uptrend.
Nearest upside resistance is seen at 38.2% Fibonacci, that is btc 0.0038. Previously this level has been acting as the support and then resistance, therefore it is reasonable to expect some resistance again.
While the price continues to print higher highs and higher lows, the downtrend seems to be unlikely at this point. Only break and close below the btc 0.002 could invalidate bullish outlook and establish the downtrend.
Binance Coin Valid UptrendBack in February, Binance coin found the bottom at the 78.6% Fibonacci retracement level, that is $5.58. Since then price has been steadily rising, producing higher highs and higher lows. The recent correction from the $16.3 high, resulted in a decline towards the $12 support, where the uptrend trendline has been rejected cleanly.
The BNB/USD trend remains bullish, and after todays' encreased trading volume the price seems to be ready to continue moving higher from this point. The strong resistance is seen at 23.6% Fibs that is $18.5 and could be reached in a relatively short period of time. Break above that resistance will most likely result in a much stronger growth, while rejection would trigger a correction down.
On a downside, break and close below recent low, that is $11.6 would invalidate bullish outlook and could result in a extended consolidation or even a decline towards the $8 area.
Databits Moving In WavesDatabits range trading continues and price seem to be stuck between $0.5 and $1 areas. The recent wave down found the support at 76.4% Fibonacci retracement level that is exactly $0.5, and that level was rejected cleanly.
While this support is holding it is likely that DTB/USD will produce a wave up, repeating the previous pattern. The resistance is seen at 38.2% Fibonacci retracement level, that is $1.14. It is a key resistance that should play an important role in further price development as the break above could send Databis to the new all-time high.
Daily break and close below the $0.5 support might send DTB down to the $0.35 support, thus extending the timeframe for the next wave up.
IOTA vs Bitcoin Price Prediction 2018IOTA has fond the bottom near 140k satoshis that is 76.4%. At first price went slightly lower, but eventually rejected the Fibonacci support together with the uptrend trendline. Price went up and on a corrective wave down rejected the 61.8% Fibonacci support together with the upper trendline of the descending channel.
All-in-all trend now is bullish and growth is likely to continue. The nearest resistance for IOT/BTC is around 420k satoshis, that is a potential double top. If price managed to break above, the next resistance and the key target is around 640k satoshis, which could be reached this year.
On a downside, IOTA could correct down to the 50 Moving average and even down to the 140k satoshis support, but only a break and close below 127k satoshis could invalidate bullish outlook.
ChatCoin VS Bitcoin Respecting The SupportChatCoin continues to trade above the 200 Moving Average and what is more important is that price has bounce of the MA multiple times and yet continues to reject it till now. Today CHAT/BTC is trading right at the MA and the 1385 satoshis support.
While the support is holding ChatCoin is likely to continue moving higher and could reached the upside target at 2640 satoshis. This is the resistance level that corresponds to the 427.2% Fibonacci retracement as well as the previously established high back on the 15th March.
But if current support is broken with a daily close below 1385 satoshis, price might continue to go lower towards next support based at 1000 satoshis psychological round number and even down to the previous low near 650 sat.
