Metal Pay Could Be Worth BuyingMetalPay starting to show signs of life while rejecting the uptrend trendline and breaking above strong resistance at $6.75. At the same time, MTL/USD broke above the downtrend trendline and 200 Moving Average.
Following corrective wave down was stopped at the previous resistance, which now is acting as a support. The 200 Moving Average is now also acting as a support and this could be the starting point for MetalPay to start rising. The upside potential is definitely there, although MTL/USD could be range trading for some time before going up.
The strong resistance is located at $18, where two Fibonacci are inline. First 127.2% applied to the previous all-time high, and the second is 161.8%, applied to the corrective wave after the $6.75 resistance breakout. If/when MTL manages to break above $18 resistance, the next target is seen at 227.2% Fibonacci which is a very strong psychological round number - $30. This could be the final upside target for the potential upcoming wave up. Only a break and close below the $3.33 support could invalidate bullish outlook.
Buy-signal
IOTA Massive RangeIOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading.
After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal.
The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend.
Steem Finally Up?Steem has been corrected down since it reached $8.57 high. Price went down as low as $2.2 where it found the support, confirmed the 227.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
After rejecting the support price went up and broke above the downtrend trendline, went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend.
The first resistance is sen at $7.7, confirmed by two Fibonacci retracement levels, 88.6$ and 261.8% applied to the corrective wave after breaking the downtrend trendline.
BlockNet VS Bitcoin Inverted Head And ShouldersBlocknet has been moving downwards for over three months, after reaching btc 0.007 high in August 2017. Price declined down to btc 0.001, resulting in 85% loss to the Bitcoin. Since December BLOCK/BTC has been recovering and went up as high as btc 0.005, while breaking above the 200 Moving Average.
The MA has been acted as a support that clearly was respected by the market. After the last rejection of the Moving Average, BlockNet broke above the neckline trendline of the Head And Shoulders pattern, suggesting the continuation of the uptrend towards previous highs. The resistance area is between btc 0.0065 and 0.0075 which is expected to be reached in the short to medium term.
On the downside, the support area is based between btc 0.0028 and 0.0024, where only daily break and close below could invalidate bullish outlook.
Augur VS Bitcoin +300% PotentialFollowing the previous idea on Augur vs Bitcoin, it has reached the upside target at btc 0.006 and broke above it, going all the way up to btc 0.009 . Currently, this level is acting as a support where Augur is likely to continue the uptrend.
The next upside target is seen at btc 0.015, which is very close to the previous high and perhaps Augur will form a double top there. This means that REP/BTC could almost triple in value in the short period of time. The upcoming wave could be strong and fast, presumably, it has already started.
On a downside, the strong support is based at btc 0.0035, daily close and break below could invalidate bullish outlook.
Bitcoin Could Have Reached The BottomIt seems that Bitcoin has finally found the bottom after losing 62% from the all-time high. Fibonacci applied to the breakout of the ascending channel shows that price has reached the final downside target at 0% Fibs at $7555 and rejected it cleanly.
In addition, Fibonacci applied to the corrective wave up after breaking the uptrend trendline shows that the very same price level is at 561.8% retracement. Today Bitcoin rejected the lower trendline of the descending channel, not to mention that on a Daily chart price is rejecting the 200 Moving Average.
And finally, price rejected the 2/1 Gann Fann trendline has acted as a support. Therefore, all the facts so far are in favor of the potential uptrend continuation and pointing out to the end of the correction.
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.
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.
