Bitcoin has reached the downside target at $7555, that is based on the Fibonacci applied to the ascending channel breakout. However, the price went lower and hit $5900 price. Well, the important aspect is that the weekly closing price remained above that level and after breaking below price went immediately up and for the past few days has been rejected the actual...
Edgeless has been slowly moving downwards for the past few months. It declined from 23.5k satoshi down to the 8k satoshi level, losing 66% to the Bitcoin. Fibonacci applied to the uptrend trendline breaking point shows that EDG/BTC reached and rejected the final downside target at 0% Fibonacci, that is 8k satoshi level. This is a strong support for Edgeless and...
Basic Attention Token has established an all-time high at $1, followed by a strong correction down to $0.23 support. This is the level where previously was acting as a resistance and then the support, and yet again history repeats itself. The support is also confirmed by the uptrend trendline, that has been rejected cleanly. In addition, Fibonacci applied to the...
It 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...
Ardor reached the high at 15.2k satoshi after a strong rally resulting in a 490% growth against the Bitcoin. But then a strong corrective move followed where Ardor lost 50%. The correction was stopped at the 61.8% Fibonacci retracement level. In addition, this support is confirmed by 161.8% Fibonacci retracement level applied to the corrective wave after the...
After multiple rejections of hte $0.17 support area, Golem started to rise rapidly, breaking above the 200 Moving Average. As uptrend continued GNT/USD broke above theprevious all-time high at $0.72 and then went even higher breaking the $0.87 resistance, that is 127.2% Fibonacci retracement level. Althogh the correction down followed and Golem rejected the...
After finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level. While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or...
USDCAD long term Monthly Resistance now become Support = Long term with good risk reward Symmetrical Triangle Chart Pattern is now creating= expecting the breakout to the up side to the 1.3570 Resistance and also the 1.272 Fibonacci extension tool. Place your stoploss below the new support
Just sharing an inverse fractal idea for Bitcoin. Feel free to comment. Market Update: SEC rejected the Winklevoss Twins Bitcoin ETF earlier today. This makes BTC short term bearish, with downside targets from 780-880. However, we are still bullish on the larger timeframe, with possibility of SegWit activation if Core vs BU can settle their issues,...