Coin_Analyst

Coin_Analyst Dec 22, 2019

Conclusion for today's USD JPY technical analysis: Lack of a price close above ~109.827 implies an increase in bearish strength. USDJPY analysis for today takes a look at the Daily timeframe to inspect previous price action and also provide guidance for future price development. Three important features that should be given attention with regards to the...

Coin_Analyst Dec 4, 2019

The 4 hour timeframe of the EURUSD is presented here with price currently at resistance (~1.1096). Price action is also currently hovering around the 200 moving average with the relative strength index (RSI) already oversold. Selling is as a result favored over buying the EURUSD and a break below 1.1065 can be used as a conservative entry point. Minimum profit...

Coin_Analyst Dec 1, 2019

Conclusion for today's Bitcoin technical analysis: The minimum target for a bullish move following a close above ~7,886 is ~9,365.32. Bitcoin (BTC USD) analysis for today examines Daily timeframe price action using a log scale. The current active chart pattern in Bitcoin is plotted on the chart (Bearish price channel), following a break of the long term bullish...

Coin_Analyst Nov 18, 2019

Conclusion for today's Ethereum Analysis: Price closing below ~176.49 implies more downside momentum in Ethereum. The Daily timeframe (log scale) is examined in today's Ethereum analysis. Chart patterns examined that are plotted include a bearish price channel and a bullish trendline. The 200 day moving average is also plotted to help provide perspective for...

Coin_Analyst Nov 14, 2019

Conclusion for today’s Bitcoin technical analysis: Price closing below support at ~8464.20 implies a return to the bottom of the bearish channel at ~6865. Bitcoin analysis for today takes a look at price action from December 18, 2019 to current date. A log scale is used on the Daily timeframe, as well as chart patterns drawn on the chart to help track price...

Coin_Analyst Nov 6, 2019

Conclusion for today's Bitcoin cash analysis: Lack of a price close above ~324 that is followed by a break below 247 is bearish for Bitcoin Cash. A log scale of BitcoinCash is presented using Japanese candlesticks on the Daily timeframe. The major bullish trend in the cryptocurrency that lasted over 8 months is highlighed on the chart. A break below the bullish...

Coin_Analyst Nov 4, 2019

Conclusion for today's USDJPY technical analysis: A break below 104.84 price level is bearish for the USDJPY. The Daily timeframe chart is examined in today’s USDJPY analysis with over 2 years of data presented. A bearish trendline is drawn on the chart helping to indicate the bearish sentiment in the USDJPY for over 2 years and 10 months since January 03, 2019....

Coin_Analyst Nov 3, 2019

Conclusion for today’s Zcash Analysis: Breakout from the long term bearish channel implies higher prices in ZCash (ZEC USD). A log scale is used on the Daily timeframe for today’s Zcash analysis. A bearish channel is used to provide perspective for price action starting from June 25, 2019 to October 24, 2019. The bearish channel lasted for about 4 months prior...

Coin_Analyst Nov 2, 2019

Conclusion for today’s EOS analysis: Price expected to maintain bullish momentum and move higher. EOS price chart presented in today’s analysis is a 4 hour (intraday) timeframe using a log scale. Price action shown in the chart covers over 4 months of price development in EOSIO (EOSUSD). The main trend during this period has been an overwhelming bearish trend,...

Coin_Analyst Oct 31, 2019

Conclusion for today’s Bitcoin technical analysis: A close above the October 26, 2019 price peak of 10350 implies higher prices in Bitcoin. Bitcoin analysis for today inspects the cryptocurrency on its Daily timeframe using a log scale. Bullish trend from December 17, 2018 that reached a price peak of 13880 on June 26, 2019 has since been followed by a...

Coin_Analyst Oct 30, 2019

Conclusion for today’s Cardano analysis: Price closing above ~0.00000520 is bullish for Cardano (ADABTC). A log scale on the Daily timeframe is used to present today’s Cardano analysis. Data from April 04, 2019 to current date indicates a dominant downtrend, part of which was a falling wedge (diagonal). The wedge lasted over 4 months before price broke out to...

Coin_Analyst Oct 29, 2019

Conclusion for today’s EURUSD Analysis: Price closing above ~1.1162 implies resumption of bullish momentum in the EURUSD. EURUSD analysis for today is presented on an intraday (2 hour) timeframe with price action inspected from June 24, 2019 to current day (October 29, 2019). The downtrend in the EURUSD (as highlighted by the bearish trendline) from June 2019...

Coin_Analyst Oct 27, 2019

Conclusion for today’s USDCHF technical analysis: Price closing above ~0.99794 is bullish for USDCHF. USDCHF analysis for today is presented on a Daily timeframe. The chart patterns plotted on the help to provide context for price action and also guidance for future price development, long or short. A break below the lower boundary of the rising wedge that...

Coin_Analyst Oct 26, 2019

Conclusion for today's Ripple Analysis: A close above ~$0.41 implies more bullish action in XRPUSD. XRP technical analysis for today is carried out on the Daily timeframe using a log scale. Chart patterns are examined, as well as the 200 day moving average plotted to help in providing guidance for future price development. Three (3) key points to keep in mind...

Coin_Analyst Oct 25, 2019

Conclusion for today's Ethereum Analysis: A break above ~196.88 is required as a minimum to consider any bullish position(s) in Ethereum. Ethereum Analysis for today is presented on a log scale on the Daily timeframe. Price action from December 17, 2019 shows an overall upswing, followed by a bearish trend since June 25, 2019. Three crucial points to keep in...

Coin_Analyst Oct 9, 2019

Conclusion for today’s SPY analysis: A break below ~284.93 implies continuation of bearish trend. The 1 hour timeframe of the S&P 500’s ETF (SPY) is presented in today’s analysis with main focus placed on chart patterns that are currently active.The uptrend in the SPY from its December 24, 2018 low to its July 29 peak has been followed ever since by sideways...

Coin_Analyst Oct 8, 2019

Conclusion for today’s XRP analysis: Conservative strategies for buying XRP include initiating long positions above 0.43 A logarithmic scale is used in today’s XRP analysis with inspection of active chart pattern(s) on the Daily timeframe. The most prominent chart pattern on the Daily spans April 23, 2018 to current date...a descending triangle chart pattern....

Coin_Analyst Oct 7, 2019

Conclusion for today’s Ethereum technical analysis: Key support for Ethereum lies between 123.87 and 139.31. A break below 123.87 implies more selling ahead... The Daily timeframe chart is used in today’s Ethereum analysis (log scale) to provide the alternatives for future price action. The previous uptrend in Ethereum from December 2018 to June 2019 has been...