Monfex_UK

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview EUR/USD . EUR/USD broke the support, trend line with a double-top pattern. Now at the support zone, 38.2% Fibonacci. The target is 61.8%. In short-term expect some rebound to 23.6% with a local bullish divergence. The resistance zone ~ 1.11745 The local resistance zone ~ 1.11095 The key...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview ETH/USD . There are several classic trading strategies: trade by breakout of key levels and buy/sell from supports/resistances. Mid-term ETH in an uptrend, we see a triangle formation after a impulsed upward movement. The peak of the impulse has reached its resistance zone. Locally ETH has a...

Monfex_UK

Hi, Traders ! Monfex is on the air ! WTI Oil Bulls are taking on fresh attack on 200 Daily EMA - at around $57. * The Bulls remain in control over WTI prices, taking actions to break through 200 Daily EMA. * Monday's Doji (bearish) candle with long upper shadow was immediately engulfed by the next day's price action. * Break and close above $57 would be the...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview BCH/USD , LTC/USD , EOS/USD . Good ascending movement we can see at this charts , but we need to note the bearish divergence by RSI by all of this cryptocurrencies. Assume that they will reach their target blue line and test the ex-resistances. Share your thoughts, ideas about the market under...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ethereum price is currently inside the Key Resistance area! But the upward move could keep up! * The price of Ethereum has eventually hit our 'Long' target at the Key resistance area = $190 - $195. * Now, we observe a bullish rejection pattern at this level, where H4 red Doji candle was followed by a bullish engulfment. *...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview LTC/USD . The Litecoin team discussed the prospects for cryptocurrency after increasing privacy through the introduction of MimbleWimble technology. Despite all the risks, the creator of LTC Charlie Lee is still ready to finance the work. Litecoin brokeout the triangle, tested the ex-resistance...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Bitcoin Cash stays on the track towards the next target level of $350. * We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks. * As BCH network halvening approaches, many of market participants expect the price of BCH to surge,...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ethereum is most likely to continue consolidation, alongside Bitcoin. * Yesterday, Ethereum showed a decent rise towards the Key Resistance Area. Along with that, our projected target level of $190 - $195 was almost hit on yesterday's session, but ETH faced increased downwards pressure, tracing a wick on 1H Doji candle -...

Monfex_UK

Hi, Traders ! Monfex is at your service ! Bitcoin leaves behind Gold while demonstrating double-digit gains in October. * Bitcoin ended up October with a 10.26% gain, marking a three-month losing streak. At the same time, Gold gained just 2.74% in the same month, but previously dropping 3.17% in September – its largest monthly decline since June 2018. *...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview XRP/USD logarithmic chart. The price is near the resistance zone , under the middle line of the descending channel and MA100. If bears will take the price under a key support level and fix it near the local support lines, then we should expect a further decline movement. But if bulls will hold...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview XRP/BTC . Often Ripple is a leader in the number of transactions. At this chart we see a large rising wedge and a double top inside that have already worked, a breakout has occurred and now the price is consolidating between key levels and MA100 MA200. Stoch RSI is overbought and will soon begin...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview XRP/USD. There is a big bearish divergence by the RSI, which recently pushed the price to $0.25-0.26 . The price recovered afterwards and even updated the top. This divergence continues, which again can lead the price to the support zone, between the two support lines. But locally, we also see a...

Monfex_UK

Hi, Traders ! Monfex is on the air ! ETH is getting ready for a new impulse Up, while BTC stays flat within the consolidation range. * Ethereum price is backed by the ascending diagonal Support line, with every new Low higher then the previous, signalling of the strong bullish presence on the underside. Based on this pattern, we can expect ETH to continue...

Monfex_UK

Hi, Traders ! Monfex is on the air ! BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform. * The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview XLM/USD log scale. By breakout the first resistance line, Stellar will begin to target to the second, MA200, zone of resistance. RSI is also movng to the overbought zone. XLM will upgrade Q4 Protocol to the end of this year. The resistance zone ~ $0.875 The local support zone ~ $0.65 ...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Another flash crash that occurred on the Coinbase Pro and Deribit exchanges pinned BTC prices slightly down. * On October 31, 2019, BTC speculators witnessed a flash crash on Deribit, a futures and options exchange for BTC. Futures prices slumped from $9,150 to $7,720 and then bounced back to above $9,000 within a couple of...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview ETH/USD . Ethereum in the ascending channel and triangle under the resistance zone. MA50 - like resistance, MA100 & MA200 - supports. ETH/USD also has a bullish divergence by RSI. By breakout of the support line is expected to decline to the support zone. By breakout of the resistance zone is...

Monfex_UK

Hi, Traders ! Monfex is at your service ! The Bears prevent EOS from rising above $3.40 - $3.50. Strongest Resistance! * In the meanwhile, EOS remains the top crypto in the 14th Chinese updated Crypto Ranking published by the China's CCID Research Institute. The Ranking features 35 coins and gives each Blockchain project a separate score based on its...