Dojistar2017

Dojistar2017

A rise toward the bigger resistance level (met just shy of 8 cents) triggered a spree of selling bring this coin below 2.25 again. Bull's task is to provide a higher low now, anywhere above the april 7th low @ 0.915. 1.60 and 1.30 are candidates for this. Have to closely monitor daily bottom signals for hints. On may 11th a hammer is already seen but market...

Dojistar2017

The market set a textbook morning star pattern (bottom signal) the previous 3 sessions but there are some sidenotes; First, the pattern's context is not ideal; the previous downtrend is not very extended. Secondly, market touched the low end of the previous bullchannel and is backing off. But, the market corrected a healthy 38.2% and the RSI is around neutral...

Dojistar2017

And what I suspect in my last analyses (XRPUSD) is already happening in this coin, STRUSD. After falling outside the Bollinger Bands and touching the more critical 61.8% Fibonacci retracement level market is trying to stabilize. If market can maintain at least a close near the open (0.3100) then a return to the Bollinger midline becomes likely (0.3950...

Dojistar2017

Market has retraced all gains since bulls provided the latest leg up at the first half of April. Note that market is testing the last bigger Fibonacci currently (61.8%) around 0.6500. Bulls should make an effort to keep the close (00:00 CET) above this level today. With the entire session today outside the Bollinger Bands, market should correct this which can...

Dojistar2017

Also a bullchannel which was left to see a steeper correction. All major Fibonacci's have been left behind; the last one around 126. This should be good for at least one bounce. The broader picture also applies here; bulls will have to produce a higher low to see bottomforming continuing (see BTC and ETH posts before). 147 is first resistance but 155 is more...

Dojistar2017

Like BTCUSD, this coin sees a similair pattern. It has broken below it's short-term bullchannel and is correctong below the first Fibonacci level (38.2%). It seems likely this market will continue it's decline to the next Fibonacci level around 600. Note that it is there that the Bollinger Bands midline resides also, making it a more important support mark....

Dojistar2017

A downward sloping line connecting recent tops (9700) saw sellers stepping in. After leaving the short-term bullchannel and RSI converging negatively some pressure is now seen. With bulls setting a higher low (only just at 6425 against 6400) in april their task is to do this again. If you are a believer that this coin has bottomed out against this mark you should...

Dojistar2017

This market is at the low end of a sideways channel between the mid 60's and 84.00 so chances are that this could continue, i.e. a move toward 84.00 again from here. The market needs to trade beyond these extremes to see the next move. With the RSI at neutral levels and the Bollinger Bands getting closer together a better move may be on it's way. Be careful with...

Dojistar2017

The low end of a channel is tested today between rought 1.45 and 1.80. The Bollinger Bands seem to be widening again while the RSI is at lower levels; possibly signs of a better move to come. If market can hold out above 1.45 today a run at 1.80 could be seen again. If not a 1.30 test should be next. In a wider view, this market is still suffering from bearish...

Dojistar2017

In the last analyses 0.1000 was suspected before this market backed of. This was indeed the case but the setback shows signs of healthy profit taking on low volume. Also the RSI indicator has relaxed to more neutral levels while the move toward the Bollinger midline sees support. All in all signs that market is searching for a higher low. Note that the recent...

Dojistar2017

A dark cloud cover ended a 3 day rise and market almost gave gains away again. Today's session sees a potential hammer on the daily chart (have to wait for 0:00 print) but if so, the low end of a bull-channel sees bulls stepping in again. With the RSI at neutral levels and potentially keeping a close above the Bollinger midline the short-term higher high/higher...

Dojistar2017

This coin swing sideways between roughly 7.00 and 20.80 this year and has tested the top end recently and is backing off a bit. However, the shape of recent bearish candles and lower volume suggests this move south implies no more then some technical profit taking. When looking at Fibonacci's, ideally dips toward 14.15/12.60 should be picked up. 15.70 is first...

Dojistar2017

Perhaps this coin is moving a bit too quiet? In theory this market should be heading to the next and more critical Fibonacci level (38.2%) at around 11300. As long as the short-term bullchannel is in place this is what to expect. Bulls will have to create some better momentum however to avoid impatient sellers entering. So, watch the low end of the channel at...

Dojistar2017

After some consolidation where market waited fot the Bollinger midline to catch up bulls created a higher high. A positive sign ofcourse where also the market cracked the 23.6% Fibonacci level. Could see some resistance however at the March 21 high (175) but above there the path should be clear to the 38.2% Fibonacci at around 208. Support is seen at 157.

Dojistar2017

NEOUSD is against a broader downtrendline connecting two bigger highs (first arrow; 169.50 30-01-2018 and second arrow; 146.12 27-02-2018) today at 90.00. Bulls need a good break and close above this line to prevent another slide from here. There are some short-term signs this market may correct somewhat from here as the RSI shows a double top (i.e. negative...

Dojistar2017

A break above 700 yesterday on better volume brings this coin right at the standard 38.2% Fibonacci retracement level of the 2018 drop (around 775). For now no sign this is a problem level but ideally bulls need no hesitation today around this area and should provide a close above. Such action can signal a further move north where the 50% Fibonacci level,...

Dojistar2017

Holding 13.75 already without the 12.50 test was enough to quickly touch and surpass the 20.00 target. Now one sees a similar pattern as has been seen before twice in january; Bearish engulfing pattern and a dark cloud cover. Both are better topping signals. Do not follow such patterns blindly however, there is a different context currently. This market has...

Dojistar2017

A convincing break above 2.25 can trigger a rise toward 2.78 is what I stated in my last comment on this coin. The close yesterday 1 cent above 2.25 cannot be called convincing while sellers are around against the upper Bollinger line thus far today. Have to keep a close eye on support levels today, starting with 2.15. If bulls can defend there and produce a...