The closest scenario for the movement of Bitcoin#BTC 4h
The closest scenario for the movement of Bitcoin. If support in the form of a black line on the chart is broken, then the price is most likely to go to test more tight support near the level of 6200, from which the market is likely to jump to the upper bound. If the price continues to move sideways or upwards, then you should wait until the resistance of 6800 is overcome, which will give an opportunity to make an impulsive breakthrough and build growth to the next resistance of 7350.
Cryptowolfsignals
NPXS good chances for further growth#NPXS
Pundi X is a real project with a good team of developers, which is used now, and since February last year it has been actively gaining popularity, increasing the number of its users. The situation in the global market has affected this asset in the form of a long-term decline and the formation of support around levels of 20-22. September demonstrated the phase of accumulation of volume for this coin, you can see a smooth growth of indicators and the desire of the market to break higher. In the future for several months, if the price does not go below 20, the market will increasingly tend to break down local resistance and touch 33, in the case of fixation above which, NPXS will reach for a higher resistance range. We recommend to pay attention to this coin and consider opening investments for a small amount of your deposit as close as possible to level 20.
XEM prospective long-term investment#NEM
If you open a weekly chart, you can notice the huge oversold of this market. At the moment the price is at its minimum levels, where a new wave of growth can start to form. There is a good opportunity to start opening long-term investments, but one should take into account the possibility of lateral movement and fluctuations in the near future, which will make it possible to buy lower. Always use money management and risk control. In general, NEM has great potential, excellent technology and great popularity in Asian markets, which in the future will not leave a coin for its minimum values. Based on the schedule, the market is ready to form the ground for the upward movement by the end of the year, after which it can get another impulsive breakthrough with target areas near Fib resistances, the result of this scenario will be a profit from + 270% to + 800%
Ripple forms a correction#XRP
After impulsive growth, the price forms a classic template for building correction. As a rule, the rollback can reach -75% of the wave of the growth, in this case we can drop to the level of 5870 (which corresponds to Fib 0.786). At the same time, we see a strong support for the level 7100 (Fib 0.618), which intersects with an uptrend, which forms an area for a possible rebound of the market, in case of its rapid decline. For further growth, we need to overcome and lock above the local resistance 8843 (Fib 0.382) (which is unlikely, but it has to be).
Ethereum possibilities for further movement#ETH
We hold the long-term Long Ethereum, but in the more short term the situation looks like this: we are approaching the upper edge of the descending channel; there can be an impulsive breakdown, after which there will be a logical rollback to support, in the role of which this upper bound will already act. If this is not a false breakdown, then after the test of new support, the price should move higher. But at the moment there is an upward wedge inside the channel, which can indicate the current weakness of the market for breaking through the current resistance, we can now go lower for the next test of support of 200 and a set of volume for the next attempt to break through the resistance of the upper edge of the channel.
NPXS can move higherThe specified range looks like a good platform for rebound formation. Within two days we can touch 24-25.
Within two weeks 25-27
Do not lose sight of Ethereum#ETH
Excellent closed both short transactions of the last days, published in the premium channel, the profit was + 9.06% and + 9.72%. With respect to long-term investments, once again to be at good levels for a partial selection in its crypto-currency portfolio. But globally, markets are lagging behind in the bearish phase and the next few days look rather unpredictable. Be careful, but do not lose sight of Ethereum, in case of drawdowns it will be a good opportunity to add a long long-term position. Looking at the large-scale charts, we can see that we are below the level of Fib 0.786 (which often acts as a reversal), which should not allow the market to go much lower. On the other hand, we have a strong resistance to two downward trends (from the global maximum and from April), attempts to overcome them can give both a strong bullish momentum and bearish. Bearish momentum during this period will enable to add long positions at a lower and more favorable price, and the bullish will test the 320 mark, overcoming which will reduce the likelihood of a further bearish scenario and will enable us to consider the strategy of long trades.
Bitcoin under strong resistance#BTC
The market continues to follow the scenario, which we voiced earlier. We all have the same dense resistance and we have more and more chances to go down. The price continues to be inside the triangle, its upper edge can be broken, but probably it will be a false breakdown with a further decline (bull trap). The formed local resistance at this stage looks very dense and is difficult to overcome and fix above it.
#BTC waiting for levels to open shorts#BTC
When the levels of 6800, 6900 and 6990 are reached, we recommend to become short position and wait for a decline, the sale can be divided into three uniform parts at these levels. We use the stop above the resistance of 7260, and the target zones for the trade on the decline will be the areas near the levels of 5500, 5300, 5120 and 4900.
BTC still flat#BTC 12h
The market continues to go sideways, despite the recent bullish divergence. The relevance of the positive scenario is strengthened by the formation of a possible reversal pattern of diamonds, as well as overcoming the resistance of the recent downward trend. But just do not forget about the earlier crossing of the MA50 and MA200, in this situation a deadly cross, which indicates a trend of further decline. In any case, while the market is in a state of lateral movement, opening long-term deals (both long and short) from current levels is rather risky. You can see the formed resistance of 6600 and 6800, as well as the support at 6100 and 5800. In general, price retention in this range indicates the market's desire to test resistance again rather than support, but strong buy signals are currently not observed and the market continues to go sideways .
BCH can bounce#BCH
At the moment there is a chance of a rebound. There is good support, but a little lower it is recommended to use a stop order.
XRP nice retracement#XRP
On a large scale, for a long-term perspective, Ripple has very good levels to form a reversal. Corrective rollback on a global scale exceeded the price reduction by more than 80% and thus overcame the level of Fib 0.786. On a 12-hour scale, we can single out a long-term resistance line of a downtrend, which the asset is trying to overcome. On a smaller scale, one can see the formation of a symmetrical triangle on an uptrend, which can push the price even higher (short-term period, small scales!), But we can face false breakdowns and subsequent downward movement, as we overcome the long-term resistance of the downward trend of large scales difficult task. Possible scenarios of the market movement for the next few days are indicated on the graph of 1-hour.
ETH good levels for future growth#ETH
Such a trade last time ended up rising to the level of Fib 0.236 relative to the last wave of decline. The market can repeat own fractals and from the current levels we can see a similar movement. Level 250 showed good support, but if the asset drops it at the next decline, then it is expected to cancel the possibility of opening long positions and is preparing to continue to follow a downtrend. At the same time (in the medium and long term), the price from further global growth is kept by a dense resistance of 350-375, overcoming this range one can count on further upward movement. On a smaller scale, based on a positive scenario for this market, one can note immediate targets in the form of resistances of 288 and 300, but it should be noted that we are facing an important resistance of the downtrend, not breaking through which can direct the price down to the last lows. The possibility of growth (in the short term) is due to the finding of the price in the triangle template, at the moment we are at its lower edge (which is a good support) and can bounce back to the resistance of the upper edge.
BTC has good chances to make a bullish breakout#BTC 4h
Bitcoin still looks good for holding a long position, despite the lateral movement at current levels, the price has good chances to make a bullish breakthrough in the current day. As the price increases, we recommend that you partially fix the profit, and stop the stop to move to the breakeven level. Target levels remain the same, besides, there is an opportunity to touch a tight resistance of 7000.
BTC danger of going lower#BTC
Despite the formation of a possible upward wedge, in small timeframes the price looks rather bullish. You can see a tight resistance near the level of 6625, which the market is trying to overcome more than once. At the moment, the Stoch RSI bounces off the oversold area and can move higher, which will give a chance to tighten the price again to test the level of 6625. Overcoming this resistance will push the market to the next target area near the zone near the level of 6835. But small scales can be misleading and show unnecessary " noise ", so we are looking at the scale of 1 day: Stoch RSI is still very bullish, and MACD may intersect and move higher, which will give the chance to push the price some more time up.
From the negative point of view, on the 4-hour scale, the formation of the figure is visible, the breakdown of the lower edge of which will direct the market and further follow the downtrend, and the growth of the last days is only a correction of the fall, but not the prerequisites for a global turn and then the range of trade at lower levels.