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pro4Xtrader

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Everything posted by pro4Xtrader

  1. Ripple VS Bitcoin Uptrend After Consolidation Ripple has produced a double top near 22k satoshi and corrected down, to 10k satoshis area where it found the support. The support is at 61.8% Fibonacci retracement level, where price spiked below but failed to break it with confidence. Currently, XRP/BTC is forming a triangle pattern, which could lean in the uptrend continuation. Although the consolidation could be extended, while price will remain within the triangle. Break and close above the downtrend trendline should confirm bullish intentions of the Ripple, sending the price up to 30k satoshis area, at 127.2% Fibonacci retracement level. On a downside, break and close below the uptrend trendline might result in a wave down towards 76.4% Fibs, at 6.3k satoshis, where buying opportunity could be even more attractive. Source: Ripple VS Bitcoin Uptrend After Consolidation | CryptoPost
  2. Incent 400% Growth Potential After reaching an all-time high at $1.12, Incent sharply corrected down to $0.16, losing 85% to USD. However, price found the support at $0.25 as the weekly closing price remained above that level and this is the price where the triangle was previously rejected after the breakout. Currently, INCNT/USD is trading around $0.25 support, that could prove to be a good entry point for investors. The growth potential for Incent remains as high as 400% in the medium term, as the upside target is seen at $1.23, where double Fibonacci formed a strong resistance. On the downside, the support area remains between $0.25 and $0.125 and Incent could get lower once again, but only break and close below $0.08 could invalidate bullish outlook. Source: Incent 400% Growth Potential | CryptoPost
  3. Clams Entering a New Cycle Clams is one of those coins with a distinguished uptrend, and on each new wave up, it produces a new all-time high. The most recent wave up resulted in a 300% growth against the USD, while price reached a $14 high. On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend. According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially. On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 – 2.5 support area, where the buying opportunity would be extremely attractive. Source: Clams Entering a New Cycle | CryptoPost
  4. Elastic Waiting Time Elastic has been trading downwards for over a month now, losing 85% to the USD. Price declined from $1.23 down to $0.17 where bullish divergence was formed by the RSI oscillator. Then XEL/USD broke the downtrend trendline, however, failed to produce a higher high and has been consolidating for two weeks. Recently the RSI showed that the price of Elastic is oversold, but at the same time, it failed to break above the downtrend trendline formed during the consolidation. At this point for Elastic to move higher, a break and close above $0.3 is required, unless that happens price could decline back to $0.17 or even lower prior to the trend reversal. Source: Elastic Waiting Time | CryptoPost
  5. Factom to the New All-Time High Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern. Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future. At the same time, support area between $18 and $12 could be retested, making Factom extremely attractive for buyers. The upside target is seen at $130, that is confirmed by two Fibonacci retracement levels, applied corrective wave down after the triangle breakout as well as last correctional move down started back in June 2017. On the downside, only break and close below $12 support could invalidate bullish outlook. Source: Factom to the New All-Time High | CryptoPost
  6. Synereo AMP vs Bitcoin – The Bottom Synereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level. Simultaneously, AMP/BTC reached the bottom of the descending channel which suggested the potential bottom for this corrective wave down and could result in the trend reversal. At the same time price could consolidate for the short time between 2200 and 2500 satoshi, but buying opportunity stays very attractive already. On the downside, only break and close below the 2k satoshi could invalidate bullish outlook. Source: Synereo AMP vs Bitcoin ? The Bottom | CryptoPost
  7. EuropeCoin Could Double in Value EuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level. After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target. On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook. Source: EuropeCoin Could Double in Value | CryptoPost
  8. BlockNet 200% Growth Potential From September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56. The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended. Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving higher. Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered. Source: BlockNet 200% Growth Potential | CryptoPost
  9. ReddCoin Target Map ReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend. History could repeat itself which means ReddCoin is on its’ way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD. On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom. Source: ReddCoin Target Map | CryptoPost
  10. Raiden Network VS Bitcoin Trade Setup Raiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend. However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels. On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support. Source: Raiden Network VS Bitcoin Trade Setup | CryptoPost
  11. BitBean Change In Trend On the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend. Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn’t seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels. On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook. Source: BitBean Change In Trend | CryptoPost
  12. Tron VS Bitcoin Comeback After a heavy rally, Tron has reached 2050 satoshi high and moved down as sharp as it was rising. On a corrective wave down TRX/BTC reached the uptrend trendline which has been rejected together with the 88.6% Fibonacci retracement level. Since then the price has been ranging between 61.8% Fibonacci level at 900 and 400 satoshi. Today Tron is trading around 465, that is very close to 400 satoshi support. Considering that the double bottom has been already formed, the price could start rising from that area. First upside target is at 900 satoshi, the second is 1300 satoshi, and if that resistance is broken, Tron is likely to produce a new all-time high against the Bitcoin. On a downside, the risk of Tron declining down to 200 satoshi support is still there, therefore the break above the downtrend could be a good indication of the Tron reversal. Tron VS Bitcoin Comeback | CryptoPost
  13. Monero VS Bitcoin Downside Risk Following the previous idea on Monero VS Bitcoin, the price reached the upside target at 76.4% Fibonacci retracement level. Although XMR/BTC went higher than 0.03, it failed to show a clean break above the resistance and formed a double top at btc 0.032, accompanied with a bearish divergence on the RSI oscillator. Since the btc 0.032 high was reached, Monero has been moving slights downwards within the descending channel. On 17th of February, it rejected the upper trendline of the descending channel for the second time and once again formed a bearish divergence. This could result in the beginning of a corrective move down towards one of the Fibonacci support levels. The nearest support is at btc 0.026, that is 61.8% retracement. Break below could push price lower either towards btc 0.023 or 0.02 where the key support is based. On the upside, only break and close above the key resistance at btc 0.032 should confirm the bullish scenario sending Monero to a new all-time high against the Bitcoin. Source: Monero VS Bitcoin Downside Risk | CryptoPost
  14. Ripple Soon To Confirm The Long-Term Uptrend Ripple has found the bottom at $0.57 while forming a bullish divergence on the RSI oscillator. Price went up and broke above the downtrend trendline, that is 2/1 Gann Fan trendline, resulting in a 115% recovery from the bottom. XRP/USD started the consolidation between $0.89 and $1.25, although since 11th of February it looks like a slightly ascending trend. Yesterday price attempted to break below the uptrend trendline, although failed to close below, suggesting the Ripple should continue to move higher. The nearest resistance is at $1.45 which appears to be the key price to watch for and confirmed by two Fibonacci retracement levels, 76.4%, and 161.8%. Break above should confirm the continuation of the long-term uptrend and will invite big buyers to participate. On a downside, the nearest support is at $1, where daily break and close below might send Ripple back to $0.6-0.9 area. Source: Ripple Soon To Confirm The Long-Term Uptrend | CryptoPost
  15. Bitcoin Price Development Following the previous idea on Bitcoin, it found the support at the projected area, bouncing off the $5873 low. Bitcoin also rejected the uptrend trendline very cleanly in addition with the 76.4% Fibonacci retracement level, and the price went up immediately. The first psychological, as well as technical resistance at $10k, was successfully broken and now Bitcoin is facing the downtrend trendline as the current potential resistance. There is no confirmation at this point of the rejection of the downtrend trendline and the price is likely to continue moving higher towards 38.2% Fibs resistance at $13k. If it will be rejected, the head and shoulders reversal pattern could be formed, which means the price will correct back to the $10k support. However, break and weekly close above the 13k resistance should result in an immediate uptrend continuation towards either $17k or $20k resistance levels. On the downside, two key support levels must be watched, first is a $10k, although the support area extends down to $9k. Second, and key resistance is at $6k, where break and close below $5873 should result in further drop towards $4k area, which at this point seem extremely unlikely scenario. Source: Bitcoin Price Development | CryptoPost
  16. OTA Massive Range IOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading. After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal. The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend. Source: IOTA Massive Range | CryptoPost
  17. DigiByte VS Bitcoin Signs of Reversal DidiByte found the resistance at 830 satoshi and corrective wave down started, resulting in a 56% loss to the Bitcoin. The decline of the DGB/BTC price was stopped by the 61.8% Fibonacci retracement level applied to the 07.12.17-10.01.2018 wave up. After the clean rejection of the Fibonacci support, the price went up and broke the 200 Moving Average and the downtrend trendline, suggesting the potential change in the medium term trend. Although range trading could be extended a little longer the growth potential remains. DigiByte is expected to rise towards one of the 3 resistance levels confirmed by two Fibs. First resistance: 600 Satoshi Second resistance: 770 Satoshi Third resistance: 830 Satoshi. If the price will break above first resistance is will become very likely that DigiByte will produce a double top, hitting the area between 770 and 830 sats. Daily break and close above the 830 sats resistance should confirm a long-term uptrend. On a downside. Daily break and close 360 could invalidate bullish outlook. Source: DigiByte VS Bitcoin Signs of Reversal | CryptoPost
  18. Adex VS Bitcoin 200% Growth Potential The downtrend of the Adex has ended at 5500 satoshi where it found the bottom and then went up breaking above the descending channel and hitting the 25k satoshi high. The corrective wave followed resulting in a rejection of the 61.8% Fibonacci retracement level, after which the downtrend trendline was penetrated, suggesting the beginning of an uptrend. Fibonacci applied to the corrective waves down after the descending channel and the downtrend trendline breakouts show the strong resistance at 44k satoshi, that is over 200% potential gain from the current price. Although the timing and the price seem to be right, the consolidation could also take place. On a downside, daily break and close below the 12k sathoshi could invalidate bullish outlook. Source: Adex VS Bitcoin 200% Growth Potential | CryptoPost
  19. BitBean VS Bitcoin – What To Expect After testing an all-time high at 250 satoshi, BitBean corrected down to 76.4% Fibonacci retracement level at 79 satoshi, although price did spiked lower while hitting 68 sathosi, but failing to close below the Fibonacci support. At this point, the upside potential is certainly there, but it has to be kept in mind that price does approach a very strong resistance at 150 satoshi. If BITB/BTC manages to break and close above that price on a daily chart it is very likely that the uptrend will continue and could go as high s 161.8% Fibonacci level at 362 satoshi. On a downside, the strong support is now at 100 satoshi area and if the price goes below it, BitBean could go back to 70 satoshi support to form a double bottom. All-in-all, the buying opportunity is interesting and could result in a strong 140% gain against the Bitcoin, if the resistance will be broken. BitBean VS Bitcoin ? What To Expect | CryptoPost
  20. Metaverse ETP – Great Opportunity Of 2018? Metaverse is a relatively new coin although with a great concept and team behind it. It is always questionable if the project will become the reality, but if Metaverse team will be able to accomplish their goal, ETP could be one of the best investment opportunities in 2018. The current price is relatively cheap and stands at $2, which is not that far of the price since inception. Metaverse found the bottom at $1 where it rejected the 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The rejection was very clean and price started to move upwards breaking above the downtrend trendline. This could be the first signal to get some ETP long term, but as always there is a risk, however, the growth potential certainly is huge. Very first upside target is seen at $5.85 that is near previous resistance that has been rejected twice and it is the top of the descending channel. Next resistance is at $8.8, which corresponds to the 161.8% Fibonacci retracement level applied to the last corrective wave down and goes inline with the 161.8% Fibonacci channel. These are the medium term targets that could be reached within months, but the long-term perspective could bring the price up to $30 and above this year alone. On the downside, break and close below the $1 support could invalidate bullish outlook and extend the consolidation period. Source: Metaverse ETP ? Great Opportunity Of 2018? | CryptoPost
  21. NavCoin VS Bitcoin Expected to Move Higher NavCoin found the bottom at 15k satoshi and immediately went up breaking above the descending channel. After short consolidation NAV/BTC continued to move higher and broke above the 200 Moving Average. Higher highs and higher lows are being printed while the uptrend could have been established. Currently, NavCoin retraced back to the support area between 20 and 21k satoshi. This could be the starting point for the uptrend continuation sending the price up to the 427.2% Fibs retracement applied to the corrective wave down after the descending channel breakout. At the same time, 23k resistance level should be watched as the price could continue to consolidate below this level. On a downside, if the 20k satoshi support is broken, the price could move back to the 17k satoshi support and only then resume the uptrend. But break and close below 17k satoshi support should invalidate bullish outlook. NavCoin VS Bitcoin Expected to Move Higher | CryptoPost
  22. Ethereum Classic VS Bitcoin 120% Upside Potential Ethereum Classic formed a double bottom at btc 0.0013 on the 8th of December 2018 and price was consolidating for another two months, up until yesterday. Since the double bottom formation price was been moving steadily upwards breaking above the 200 Moving average, then rejecting the uptrend trendline and breaking above the 2/1 Gann Fan trendline. The breakout of the range suggests the beginning of an uptrend and could take ETC/BTC up to btc 0.0088 level where the previous high was formed. This price level also corresponds to 561.8% Fibonacci retracement level applied to the corrective wave where 200 MA was rejected. However, the btc 0.0053 level should also be considered as this is the first upside target that has to be broken in order for Ethereum Classic to continue moving higher towards btc 0.0088. At this time uptrend becomes valid, although first, a correction down to the btc 0.0033 support is possible. On a downside, only a break and close below the btc 0.0023 support could invalidate bullish outlook. Ethereum Classic VS Bitcoin 120% Upside Potential | CryptoPost
  23. EuropeCoin VS Bitcoin Buying Opportunity EuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel. Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume, suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook. Source: EuropeCoin VS Bitcoin Buying Opportunity | CryptoPost
  24. Enigma VS Bitcoin Uncertainty Following the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout. However, currently, price found the resistance at 50% Fibonacci retracement level and rejected the upper trendline of the descending channel. This brings uncertainty in further price development of Enigma. In order for Enigma to continue the uptrend, the 41k resistance area must be broken, prior to that, the risk of the downtrend continuation remains high. Price could go back to the 22k satoshi support and perhaps slightly lower to test the lower trendline of the descending channel. Source: Enigma VS Bitcoin Uncertainty | CryptoPost
  25. Verge Buy on a Breakout Approach Verge corrected down by 88% since it reached the all-time high at $0.292, and has found the bottom at $0.034. The RSI oscillator formed a bullish divergence suggesting the reversal of the trend. However, a strong resistance is based near $0.07 area and the break above is required in order for XVG/USD to grow further. If/when Verge will break and close above this resistance the next potential upside target would be at 38.2% Fibonacci retracement level, that is $0.13 area. $0.13 resistance, should provide a key clue as to the further Verge price development and if broken, the long-term uptrend should be the case. In any case, let’s not forget that first, $0.07 resistance must be broken, and if rejected, the price could move back down to the $0.034 support and even lower. Source: Verge Buy on a Breakout Approach | CryptoPost
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