Monfex_UK

Monfex_UK

Hi, Traders ! Monfex is at your service ! Interesting occasion on Bitcoin: despite the overall trend is still Down, we see the strong decline suspension pattern on H4. * Long counter-trend opportunity is observed on H4 Chart in a Scalping Mode. * H4 candles have formed up a decline stoppage pattern with increased Volume on H4 tails. * At the same time, the...

Monfex_UK

Hi, Traders ! Monfex is on the air ! As we projected, Ethereum descended to the important Support level near $150. Let's see what's next ! * Ethereum stays within a downtrend channel under the 21 Daily EMA. * In the recent slump from $174 to $153, ETH has lost more than 10% in value and touched the ground on slightly increased Volume. * Since the price keeps...

Monfex_UK

Hi, Traders ! Monfex is on the air ! After the failed attempt to shoot up above 21 Daily EMA, Dash has joined the market trend and lost 7.40% over the last 24 hours. * Dash has made a tremendous attempt to move beyond 21 EMA on the Daily chart, jumping from $68 to $93 with a blink of an eye. * Unfortunately, this attempt went down the drain and Dash has...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview XAU/USD . Gold under the MA100 and have resistance line of the descending channel. Breakdown of MA200 will be a strong signal to sell. Stoch RSI is overbought. Possibilities: 50% going to the local support zone 50% to the previos high The resistance zone ~ $ 1555 The local resistance...

Monfex_UK

Hello, Traders! Monfex is at your service and today we overview WAVES/BTC . WAVES one of the losers these days, but we remember that marketmakers stand by this coin and at this chart we see the descending channel and the price is going to the bottom line. Also we see it's a bullish divergence by RSI and we can suppose that near the previous low will be rebound...

Monfex_UK Updated 

Hello, dear Traders! Monfex is at your service and today we overview ETH/USD . Locally on short timeframes, the situation is more bullish by ETH , the logical resistance is around $ 186 . Upon reach which there can be a rebound to the top line on the left chart analysis, at least to the previous peak of $ 155 . But after breaking through, take the target at...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview BTC/USD . Bitcoin in a short-term is able to reach the resistance zone, where the price will meet with MA200 and it will be possible to consider the short position. But an indicator analysis is currently negative. A rejection of this idea will be the surrender by bears of $ 8350 . Resistance...

Monfex_UK

Hi, Traders ! Monfex is on the air ! EOS strings along with other cryptos in the recent widespread downfall. * In contrast to major cryptos (BTC, LTC, ETH), EOS doesn't have a significant reserve down from the current levels. * EOS price action is well-defined within the descending trend channel with the next stop projected at $2.20 - $2.30 level. * The price...

Monfex_UK Updated 

Hi, Traders ! Monfex is on the air ! Bitcoin is in continuation of the bullish UpTrend to $9,000! * As we forecast before: $7,800 target was reached and the price bounced up immediately. * We have entered Longs near $7,900 and our nearest target zone of $8,300 - $8,400 has been already reached. * There are increased selling Volume around $8,100 - $8,200 on the...

Monfex_UK Updated 

Hi, Traders ! Monfex is on the air ! We see the short-term scalp idea on 1H Chart of Litecoin. * Litecoin is forming up a 1H decline suspension pattern consisting of doji candles and inside bars. * Supported by higher Volume on the tails, the pattern implicates a high probability of the price shooting up to the short-term descending trend-line, depicted on the...

Monfex_UK Updated 

Hi, dear Traders! Monfex is at your service and today we overview XRP/USD . Ripple in the ascending channel, formed an ascending triangle whose target is the resistance zone and the upper line of the channel, but this is 55% probability. 45% is a breakdown of the channel’s support lines and further correction, in support of this idea there is a big bearish...

Monfex_UK Updated 

Hello, Traders! Monfex is at your service and today we overview ZRX/USD . ZRX shows us a good ascending movement and now we see the ascending triangle with the strong support lines of triangle, MA50, MA100. Stoch RSI enter the oversold zone. Classic Elliott Waves 12345 we can see on 6H chart below: Two supposed trade signal below: First Trade Signal by ...

Monfex_UK

Hi, Traders ! Monfex is at your service ! Please find below our Update on OmiseGO (OMG) - an Ethereum based decentralized banking and exchange token. * OmiseGo is currently ranked 48th largest coin based on its market cap which is around $112 million. * OmiseGo is one of the few outstanding projects with great potentials. As at the time of writing the coin is...

Monfex_UK

Hi, there! Monfex is at your service and today we overview XMR/BTC . XMR near the resistance zone and MA200 also there. And this bullish movement in the last week has been support with a bullish divergence by RSI. A breakout of the key level with confirmation and consolidation of the price above it will be a good trade if this happens in the near...

Monfex_UK

Hi, Traders ! Monfex is on the air ! There is a high probability that EUR will eventually break out of the long-term descending channel. * EURUSD has been squeezed in the downward sloping channel over the past year. However, this time, it has a good chance to break upwards and cancel out the recent formation. * The pair shows promising dynamic having reached...

Monfex_UK

Hi, Traders ! Monfex is at your service ! Bitcoin Cash posts higher gains as it continues to spread adaption and development globally. * Bitcoin Cash (BCH) adoption, development, and participation continue to expand as more and more positive BCH-related announcements grows up. * In addition to that, there is currently over 18 million BCH coins in circulation...

Monfex_UK Updated 

Hi, Traders ! Monfex is on the air ! Bitcoin is drawing out a Long formation carefully ! * As we forecast before: $7,800 target is reached, selling pressure looks exhausted. * It is better to close out all Shorts since the market may turn out instantly. * The price action showed a bounce off the Key Support at $7,800 with a Doji candle formed at the...

Monfex_UK

Hi, Traders ! Monfex is on the air ! Ethereum had a failed attempt to recover above 21EMA in the near term, hence falling down once again. * After an unsuccessful attempt to recover and break higher $180, Ethereum price was called upon to retreat to $170 level. * Indeed, the resistance at $180 appears fairly strong since several technical barriers at once...