Dojistar2017

Dojistar2017

Aside from the large lower shadow on the chart on April 24th (misprint or fat fingers?) this market is consolidating recent gains while holding dips to the Bollinger Bands midline (around 0.7600 today). With the RSI hanging around neutral levels and the Bollingers getting closer together this may be a sign another attack toward 0.9350 resistance may be in the...

Dojistar2017

This market has tested the bigger support just under 1.000 extensively but was able to put some distance from it again. Notice however it is up against a downward sloping line again connecting the bigger recent tops. Bulls will have to force a break above this line (1.88), but even better the 23.6% Fibonacci level (2.25) to get some more credibility going. With...

Dojistar2017

After a broader sidways move between roughly 0.2600 and 0.5600 this coin quickly flipped the range after the 0.5600 breakout on better volume. The calculated 0.8600 terget derived from this has been quickly met. Now market is caught in a very steep bullchannel, too steep to sustain in the fuure. Although crazier things have happened in the past one should...

Dojistar2017

The market looks to have set a rounding bottom where some higher volume activity is seen. Still some distance from the better resistance levels however so if some stability is seen some more work higher is likely. The RSI indicator has visited overbought levels and is on the retreat. Ideally this indicator should level off to the more neutral 50 zone before the...

Dojistar2017

Bulls pushed market over the first Fibonacci level at 23.6% but a shooting star ended the run for now. As said in IOTUSD, the febrruary high (blue arrow at 1630) should still see some resistance. Once above market can progress further to the more significant 38.2% Fibonacci level at 1950. For now, expect some trades between 1055 (horizontal _ Bollinger midline)...

Dojistar2017

This coin found some resistance against the february high around 2.20. Dips toward the Bollinger Bands (1.65 currently) midline as well as horizontal support at 1.50 seems to spark buying interest. Could see some more short-term sideways trading between these extremes but this market could be setting itself up for a rise to the more critical Fibonacci retracement...

Dojistar2017

A great run in this coin, outperforming. Market is hitting some better resistance however, the 16.13 level is where sellers came in on the 14th of januari. The big level is ofcourse the all time high around 18.65. Logically one would expect some further profittaking from here but everybody should be eyeing Fibonacci retracements; The first more important one is...

Dojistar2017

The LiteCoin has shown a double bottom (two blue arrows) just above the 100 handle and bulls recently took advantage. The first Fibonacci 23.6% correction level against 170 brought in profit taking today. A normal behaviour but with a market below the short-term uptrendline this could continue a bit further; logically a test of the Bollinger midline can ensue....

Dojistar2017

Unlike BTCUSD this crypto has showed a lower low before recovering. To he downside 0.7200 play an important role as support. Bulls will have to defend every dip down there to hold current momentum. This market has not even reached the first Fibonacci level (23.6%) so there is more room north where the targeted 11300 in BTCUSD is seen at 1.5400 in this market....

Dojistar2017

In a broader view bulls got their higher low (The two green arrows) followed by a break of the longer term downtrendline. On top of that, market is seeing a move above the last more significant high (red arrow, 9177) today. All are ingredients for a a further move to recover 2018 losses. When looking at standard correction levels, the first bigger resistance is...