Monfex_UK

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview Bitcoin. Now we see clear falling wedge inside this descending channel, and a triple bullish divergence by RSI that can push the price to the resistance zone and main trading volume range. The resistance zone ~ $9000-9100 The support zone ~ $8665-8500 Supposed Trade Signal by BTC/USD ...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview EUR/USD. EURUSD has a bullish divergence by RSI and soon it will reach the 61.8% Fibonacci which is a good support level for bulls. Moreover, there was no rebound after start falling by double top pattern. The resistance zone ~ 1.1064-1.1075 The support zone ~ 1.10-1.09935 Supposed Trade...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ethereum preserves tight correlation with Bitcoin and is set to climb above $200 soon. * Ethereum has been following precisely Bitcoin’s price dynamic over the last several weeks. This correlation was easily visible when BTC had faced selling pressure lately,that forced the price down to $8,700. * As you can see from the...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Litecoin is about to take a Long shot in the direction of H4 ascending trend-line. * Litecoin had failed in an attempt to break above the H4 trend-line, spiking at $66 - just below our projected target: * Increased volatility on large volume hustled the price away, towards the Daily Support of $60. * Around the Daily...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview Gold. If you still hasn't sold XAUUSD so maybe you have this chance when the price will be near the resistance line, level. XAU is going to test it. The resistance zone ~ $1498-1500 The support zone ~ $1460-1462 Active Trade Signal by XAU/USD Sell near $1475-1480 Take profit...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview BTC/USD . Recently, attention to Blockchain and Cryptocurrencies has increased significantly at the background of news from China. The President of China announced his support for blockchain technology.    After the false breakout of the important support level of $7800 , BTC grew more than ...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview Bitcoin. At this chart we see more bullish scenario how BTC realize a falling wedge pattern and fixed above the resistance line with consolidation between $9000-9700 and MA200 && MA100. At the end of September, MA200 crossed the price and it seemed that the bear market was started, there could...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview Bitcoin. Bakkt cryptocurrency platform set its latest record - the trading volume of BTC futures on the site exceeded the value of $15million. Experts associated this event with increasing interest of institutional investors in the accumulation of cryptocurrency. BTC/USD has a strong bullish...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ripple resides in an attractive position for the initiation of a Long trade. * Ripple has approached the edge of the H4 contracting triangle pattern and currently the price of XRP is right on its ascending (support) trend-line. * Last week, XRP had made a daring endeavour to break-out, but struggled to gain momentum above...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview BTC/USD. Everyone is waiting for the breakdown of the resistance line, but we are still under it and on the weekly chart we can see how the price met with MA20. In both charts, the bullish formations of the flag and the pennant are also clearly visible. By breakout the last support zone of this...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview ETH/USD . By breakout the local key level - the price will target the middle zone of the descending channel. Mid-term trend still bearish and ETH in the price range between key levels. Breakout of which will define the trend. RSI is going to the oversold zone at 1D chart analysis. The key...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Litecoin stepped down to test from above the $60 broken high of the 9th of October. * Litecoin (LTC) has been demonstrating a poor price dynamic over the past few months, compared to the rest of the market. * But the Bulls have become active in the end of October, after breaking above most of the daily resistances. * LTC...

Monfex_UK

Hi, Traders ! Monfex is on the air ! * According to a new report from SFOX, a crypto trading platform, the impact of whale traders on crypto markets is in evidence. Whales are individuals and organizations with large crypto holdings. * The report reads upon an interview with Frank Weert, co-founder of Whale Alert, a site that keeps track of wallet crypto...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview USD/JPY . First bullish scenario: USDJPY will break the resistance zone and close 12H candle above it, with fix. Then return to the ex-resistance zone for test and it will be the best moment for a long position. We have a small gap zone that is need to be filed. Second bearish scenario: USDJPY...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview XRP/USD . On the chart, we see two large channels (ascending) that set the PPP trend up. Locally, it is located in a small downward channel. The first scenario: there is a support zone where the support line of one of the channels ~ $ 0.15 - 0.20 also crosses, from which an impulsive push up to...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview XRP/USD . The small bullish with big bearish divergences by RSI played well. So the price had gone up from the triangle to the local resistance and bounced to the buy-support zone. Now RSI almost in oversold zone. MA100 && MA200 support the bulls. But if bears will take the price under a...

Monfex_UK

Hi, Traders ! Monfex is on the air ! NEO looks like a very attractive Buy in a mid-term horizon. * NEO is the 18th largest digital asset with the current market value of 766 million and an average daily trading volume of $440 million. * NEO spiked at almost $13.40 on 28/10 and then noticeably retreated to as low as $10 level. * After that, the coin has been...

Monfex_UK

Hi, Traders ! Monfex is on the air ! EOS Bulls have broken through the Resistance at $3.40; now the price is retesting this level from above. * EOS seems to be losing traction after a short bullish run to as high as $3.70 level. * At that point of reversal, the price has faced with the upper band of the mid-term descending trend channel. * It is now...