Golem VS Bitcoin Buying OpportunityGolem found the support at 1550 satoshi, after suffering a major decline from 27700 satoshi, resulting in a 94% loss to the Bitcoin. GNT/BTC then started to rise almost immediately breaking above the 200 Moving Average.
Uptrend continued up until 8900 satoshi where price broke above the descending channel. The corrective wave down followed and currently Golem is trading just below the 200 Moving average but still the uptrend trendline is being rejected. If Golem will not close below 4800 satoshi and the uptrend trendline will hold, the next potential wave up could result in a 150% growth, where price could be reached 11.5k satoshi, at the 38.2% Fibonacci retracement level.
On the other side, if the price will close below the 4800 sats it is possible that Golem once again will test one of the support levels, either 3100 or 3900 sats, before going higher. At this point, price looks very attractive for a medium-term buying opportunity with a relatively low risk.
Buy-signal
ViaCoin VS Bitcoin Right At The SupportViaCoin finally managed to break above the descending channel signaling the potential beginning of a strong growth. VIA/BTC continues to trade above the 200 Moving Average while producing higher highs and higher lows.
After hitting a 5 month high at 53k satoshi, it corrected down where it rejected the upper trendline of the descending channel. From this point, the uptrend should resume sending the price up to 116k satoshi. At this price strong resistance can be found, confirmed with two retracement levels, 827.2% Fibs applied to the corrective wave after the channel breakout, and 141.4% Fibs applied to the corrective wave down started back in June 2017. Only break and close below 25k satoshi support could invalidate bullish outlook.
AUD/USD LONG
the AUD/USD Short went perfectly, Now it is in a position for a solid buy as long as price closes above the horizontal line of support. If it closes below and retest, add another short position. Other wise hold the LONG for the take profit shown in the picture.
Incent VS Bitcoin BreakoutIncent found the bottom at 1000 satoshi on the 12th of October and since then, the price has been ranging between 1000 and 4000 satoshi for nearly 3 months. But on the 1st of January INCNT/BTC broke above the downtrend trendline and the 200 Moving Average which was the first sign of a potential trend reversal or a corrective move up.
Price reached 7.7k satoshi high and corrected back. What is interesting is that corrective wave was stopped at the 200 Moving Average which is now acting as a support, that has been rejected. Incent also rejected the 4/1 Gann Fan trendline and nearly tested the downtrend trendline. It seems that it is a very strong support that has been respected by the market and from this point onwards Incent could gontinue going higher.
First target is seen at 12.5k satoshi, that corresponds to two Fibonacci retracement elvels. First is 64.8% Fibs applied through the all-time high. Secon is 227.2% Fibs applied to the last corrective wave down where 3.7k satoshi support was rejected. Only daily break and close below the 3.7k sats support could invalidate bullish outlook.
MonaCoin VS Bitcoin Expected To Rise 150%MonaCoin uptrend is still intact since it continues to produce higher highs and higher lows. On the 6th of January price reached an all-time high, hitting btc 0.00175, while at the same time producing spike above the very strong resistance at btc 0.00155.
The corrective wave down followed resulting in a 75% drop. The correction was stopped at 127.2% Fibonacci support, which has been rejected together with the uptrend trendline. At this point, MONA/BTC is likely to continue moving up towards a key resistance at btc 0.00155. Break above will confirm the longer term uptrend, while if rejected, a consolidation or a correction should take place. On a downside, only a break and close below the 30k satoshi support could invalidate bullish outlook.
NEM Coin WavesNem coin still trading upwards, where each wave is getting larger. XEM/USD reached an all-time high when it hit $2 resistance. It corrected back, down to the support at $0.67, which previous also acted as a resistance.,
Price rejected the support and the 4/1 Gann Fan trendline and perhaps now is the time for yet another wave up, that should be bigger than the previous two. The Fibonacci applied to the previous two corrective waves down show that the strong resistance is based at $3.6, which should be considered as the next upside target.
Decent VS Bitcoin - Ascending Channel PatternDecent found the bottom at 3200 satoshi where it formed a double bottom. Price then rallied upwards testing 24k satoshi, resulting in a 640% growth in just under two weeks.
The following corrective wave down brought price down to 11k satoshi where it found the support. There DCT/BTC rejected the ascending channel and the 200 Moving Average. It appears that from this point onwards price could continue moving higher. The first resistance is sen at 61.8% Fibonacci retracement level applied through the previous high, the second resistance is 261.8% Fibonacci retracement applied to the last corrective wave down. This makes the area between 37k and 39k satoshi makes it a key resistance area as it also corresponds to the upper trendline of the ascending channel.
Metaverse - Sky Is Not The LimitMetaverse is one of the newer coins that holds great potential. Currently, it can be traded on Bitfinex, RightBTC, HitBtc and few other exchanges but potentially could be adopted by most major exchanges in the nearest future.
The price remains very cheap in relation to the "starting price", which is $2.5 for 1 Metaverse coin. ETP/USD has been ranging between $2 and $6 for the past 4 months, but as of lately it showing the potential for the rise.
Metaverse broke above the descending channel, going up to $6.2. On a corrective wave down price went down and was stopped at 61.8% Fibonacci retracement level and the 4/1 Gann Fan trendline, both of which have been rejected. Then price broke above the downtrend trendline and yet again corrected back to 61.8% Fibs at $2.4.
It seems like a very interesting timing for Metaverse as it could be the starting point for a long-term uptrend. The very first upside target is seen at $12-13 area. If it manages to break above, much bigger growth potential should present itself. On a downside, break and close $1 support could invalidate bullish outlook.
BitcoinCash VS Bitcoin Is Now ReadyNot so long ago BitcoinCash was considered the best alternative to Bitcoin and huge grow was expected by most cryptocurrency market participants. Yes, BitcoinCash went up strongly as expected and gained 330% against the Bitcoin in December 2017. While the uptrend continuation was widely expected BCC/BTC started to move lower and corrected from the previous high at btc 0.292 down to btc 0.136 where it found strong support.
At btc 0.136 BitcoinCash rejected the 200 Moving Average and the 8/1 Gann Fan trendline. The following wave up resulted in the descending channel breakout confirming BCC bullish intentions. Although price once again corrected back and again it rejected the 200 Moving Average and failed to break below btc 0.136 support.
The next potential move by BitcoinCash could be yet another wave up, where the uptrend will continue. There are two upside targets that should be watched. First is btc 0.335 and second is btc 0.390, both of which are confirmed by two Fibonacci retracement levels.
Eidoo Just StartingEidoo is one of those very new coins that has started to show some signs of strength, in the short term. Clearly, the uptrend is emerging, and while btc 0.00024 support is holding the growth tendency is very likely to continue.
On the last corrective wave down Eidoo lost 40% to Bitcoin, after dropping from btc 0.00047 down to 0.0026. The correction stoped on the uptrend trendline that has been rejected sending the price up once again. Although EDO/BTC could consolidate for a little while the uptrend is likely to continue, sending price up to btc 0.0007 levels where two Fibonacci retracement levels are inline.
The support remains between btc 0.00028 and 0.00024 and only break and close below could invalidate bullish outlook.
Stratis VS Bitcoin Showing Clear UptrendStratis is one of the most consistent coins during the past 3 months. It has grown 375% while moving from 34k up to 160k satoshi. Speaking of consistency, STRAT/BTC lost only 35% on the recent correctional move down, which is very low comparing to most coins out there.
Stratis continues to reject the 2/1 Gann Fan trendline and rejected the 261.8% Fibonacci support. At the same time is produces higher highs and higher lows, and all the facts are in favor of a strong valid uptrend.
The first strong resistance is seen at btc 0.0019, that is very close to btc 0.002 psychological round number. This could be the target of the potential upcoming wave up. Break above this resistance will confirm further growth, while rejection could result in yet another correction down. There are a number of support levels, btc 0.0010, 0.0008, 0.0006. But only break and close below btc 0.006 could invalidate bullish outlook.
Lunyr VS Bitcoin Holds Over 100% Growth PotentialLunyr major correctional wave down was topped at 29.7k satoshi and price immediately started to gain upside momentum. The growth was exponential resulting in a 1480% gain through the less than two week period.
Price reached the btc 0.0047 and corrected back to the 23.6% Fibonacci retracement level that was rejected cleanly, not to mention that the uptrend trendline was rejected as well. Fibonacci applied to the last major corrective wave down as well as the most recent corrective wave down to btc 0.0019 shows the major resistance. It is where two retracement levels are inline at btc 0.009. Therefore, the potential gain from the current price could be over 100% in the short to medium term.
Lunyr Rise To Continue - Almost 400% PotentialLunyr continues to look very attractive especially after the strong correction down, from $69 to $19. During correction, LUN/USD lost 72% to USD, although prior wave up resulted in a gain of 1400%!
During the downside correction price almost reached the 200 Moving Average, but was stopped right at the 76.4% Fibonacci retracement level which has been rejected cleanly. It appears that Lunyr is ready to continue printing higher highs and higher lows with the next upside target being at $81. The resistance is confirmed by two Fibs applied to the last two corrective waves and it could be the key price for Lunyr. Break above it should push price further, up to $126 or perhaps even $170 target. At this point only a break and close below the 200 Moving Average could invalidate bullish outlook.
Byteball Rolling UpBytebal slowly but steadily rising and after each correction producing a new high. After reaching the recent high at $1188 price declined back to the 8/1 Gann Fan trendline, which was successfully rejected.
At this point, the uptrend is likely to continue and GBYTE/USD could test $1500-1600 area, where are two Fibonacci retracement levels applied to the last two corrective waves down. It should be kept in mind that the key support remains at $355 and only break and close above it could invalidate bullish outlook. At the same time, break above the upside target would confirm a further uptrend, while rejection should result in a short to medium term change in trend.
Wings DAO vs Bitcoin - Support RejectedWings hit the low and found the support at 3k satoshi. The uptrend followed breaking above the 200 Moving Average as well as the descending channel reaching the 16k satoshi high. Throughout the rise, price rejected the 200 Moving Average and now on the corrective move down, it has been rejected once again two times, suggesting the continuation of the uptrend.
The probability of WINGS/BTC going up remains very high, where the potential upside wave up could reach 361.8% Fibonacci retracement at 22k satoshi, that corresponds with the extended trendline of the descending channel. On a downside, break below the 6670 satoshi support could invalidate bullish outlook.
Ubiq Is Likely To Rise And Form Double TopUbiq still looks strong in the short term analysis as it continues to produce higher highs and higher lows, while failing to go lower the previous low at $2. After reaching a new all-time high at $7.4, UBQ/USD fell down substantially, losing over 60% to USD.
Although this seems to be only a corrective move down rather than a trend reversal as the drop was stopped at the previous high, that is $2.85, where 4/1 Gann Fan trendline was rejected.
Of course, the market had to take a break after the rally throughout most cryptocurrencies, but now consolidation period seems to be coming to an end and the uptrend should continue shortly, including the Ubiq. The nearest upside target is seen at 327.2% Fibonacci retracement, that is $7.8, and it yet to be seen the reaction of the market at that price. Rejection could trigger a long-term consolidation and drop back quite a lot, while a break above should confirm the uptrend continuation.
Bancor Has 150% Short Term Potential Bancor producing higher highs and higher lows thus, confirming the validity of the uptrend. All markets move in waves and Bancor is no exception. After reaching $10.8 all-time high price corrected won to $5 support level, where it was stopped by the 61.8% Fibonacci retracement levels.
At the same price, the uptrend trendline and the 200 Moving Average were rejected and price spiked up to $9.5. Now BNT/USD might continue range for a little while, but the uptrend is there and it is valid. It is a matter of time when Bancor will go higher and as the upside targets, the $15 resistance area could play a key role in the medium term. Only a break and close below the $2.8 support could invalidate bullish outlook.
Ethereum Could Jump Up To $2000Ethereum remains one of the most stable coins out there and very consistently continues to rise. Since July 2017, when consolidation has ended price went from $139 up until $1430 in just 6 months, gaining nearly 1000%.
While the price went as high as $1430, it broke and closed above the $1370 resistance, that is 427.2% Fibonacci retracement level, suggesting that the uptrend is far from over. Although price corrected won sharply and was stopped at the strong support area between $765 and $792. The support is confirmed by two Fibonacci retracement levels and the clear bounce of one of them can be witnessed. At the same time, ETH/USD rejected the 200 Moving Average and the 2/1 Gann Fan trendline adding extra confirmation of the uptrend validity.
The price could continue ranging for some time but overall it should reach the next Fibonacci retracement level at $1950 and potentially it might test the strong psychological level at $2k.
CapriCoin Broke Above The ResistanceFollowing the previous idea on CapriCoin , price broke above the strong resistance, indicating the validity of the uptrend. After the breakout price reached 18k satoshi high and then corrected back to 12k satoshi, where it is currently trading.
CPC/BTC is right in the support area, that is between 12 and 13k satoshi. At the same time it is right at the 2/1 Gann Fann trendline and from this point onwards uptrend could continue. The first strong resistance is at 20k satoshi, that is 227.2% Fibonacci retracement applied to the corrective wave after the 200 Moving Average breakout. Second resistance is 88.6% Fibs, that is 25k satoshi.
Nevertheless consolidation period is also possible prior to the uptrend continuation. In this case CapriCoin could go back to the major support area at 7k satoshi, but only break and close below that level could invalidate bullish outlook.
Factom VS Bitcoin Still An UptrendFactom is clearly trending upwards although currently, it has entered the stage of a short to medium term consolidation. Since 1st of January, FCT/BTC continue to range between btc 0.005 and 0.0035. At the same time price broke above the downtrend trendline and for the second time it returned to the point of breakout, that is btc 0.004.
Today Factom rejected the 200 Moving Average and the 2/1 Gann Fan trendline. This could suggest the uptrend continuation from this point onwards, nevertheless, consolidation could extend a little further.
The upside target is seen at 127.2% Fibonacci retracement that is btc 0.006, this price level should act as a key resistance showing further intentions of the Factom.
Qtum Trading UpQtum found the support near $10 psychological round number and started to move higher. QTUM/USD begun to produce higher highs and higher lows indicating on the valid uptrend that is likely to continue.
After reaching $75 resistance on the 19th of December, price corrected down to $30 support where 61.8% Fibonacci retracement level was rejected, and thereafter price produced a new all-time high, hitting $82 mark.
The final upside target is seen at $144 where two Fibonacci retracement levels are inline, 727.2% and 1127.2%. However, prior to that, there are few minor resistance that should be watched, first $120 and second $132. Only break and close below the $20 could invalidate bullish outlook.
Steem VS Bitcoin Could Blast AnytimeAfter finding the bottom at 8825 satoshi, Steem immediately started to rise breaking above the 200 Moving Average. After the correction and rejection of the 200 MA, STEEM/BTC continued going higher breaking above the descending channel and reaching 57k satoshi high on the 3rd of January.
The corrective wave down followed, where Steem went down exactly to the price where the descending channel was broken and there 23.6% Fibonacci retracement level was rejected. This price action could suggest the continuation of the uptrend sending Steem up to the very strong resistance at 90k satoshi, where it could form a double top together with the high established back in June 2017. Only break and close below the 200 MA could invalidate bullish outlook.
