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Syscoin Uptrend is Still Valid Following the previous idea on Syscoin, it found the resistance near $1 psychological round number, and after hitting $0.98 high, the price went down sharply. SYS/USD broke below the ascending channel and found the support at the lower trendline of the extended ascending channel after rejecting $0.3 low. At the same time price rejected the 127.2% Fibonacci retracement level applied to the corrective wave up, after channel breakout. Anf finally, the uptrend trendline has been respected, while previous support at $0.34 hasn’t been broken. The uptrend trendline and the key support at $0.34 are not broken as price failed to close below. This could result in a continuation of the SYS/USD growth, although 3 obstacles on the Syscoin way up should be watched. 50.0% Fibs ($0.63) 61.8% Fibs ($0.71) 76.4% Fibs ($0.80) If any of the resistance levels will be rejected, the price could go back to $0.3 support area, the breakout of the $0.8 resistance should send price towards $1 level and if broken, the long-term uptrend should be confirmed. Syscoin Uptrend is Still Valid | CryptoPost

NXT Reversal Probability NXT was one of those great investment opportunities a few months back that multiplied its’ value against the USD by over 40 times. It went from $0.05 up to $2 all-time high. A truly extraordinary growth has resulted in a very strong correction, sending the price back to $0.13, that is 93% decline in price. Currently, the lowest point of that correction is $0.127, where RSI oscillator formed a bullish divergence on NXT/USD, suggesting the end of the correction. Further, price broke above the downtrend trendline, adding more assurance to the potential reversal. However, this could be just a short-term uptrend, where NXT could grow up to one of the strong resistance levels. First is 38.2% Fibonacci retracement level at $0.36, and second is 50% retracement at $0.43. When/if NXT will reach the $0.43 resistance and break above it, only then the longer term uptrend could resume. Source: NXT Reversal Probability | CryptoPost

Shift Bottomed Out? Following the strong rally, from $0.5 up to $13, Shift corrected down very sharply and lost 87% to USD in a matter of 5 weeks. Currently, the correctional move down was stopped by the 88.6% Fibonacci retracement level, while price failed to close below it. Additionally, SHIFT/USD testes the major support at $1.6, which has been previously acting as a resistance and support, back in the beginning of December 2017. The support area between $1.6 and $2.0 looks solid and could result either in strong retracement upwards or a trend reversal. There are 3 resistance levels to watch: 61.8% Fibs ($5.3) 50.0% Fibs ($6.8) 38.2% Fibs ($8.3) Break and close above the final resistance should confirm the long-term uptrend, although it if any of them will be rejected, consolidation period could take place. On a downside, only break and close below the $1 psychological support could invalidate bullish outlook. Source: Shift Bottomed Out? | CryptoPost

Litecoin Back To $300? After a 70% decline from the all-time high at $374, Litecoin found the support at 76.4% Fibonacci retracement level, that is $110 area. Although price spiked lower it closed above the Fibs support and also above the 8/1 Gann Fan trendline closed above. The bullish divergence was formed on the RSI oscillator suggesting the continuation of the long-term uptrend. While the price already looks attractive many traders could be waiting for more confirmations in order to reduce the risk. Next confirmation would be the break above the 200 Moving Average as well as the descending channel. Upon confirmation, LTC/USD should continue moving up towards major resistance area between $290 and $310. At that point profit taking could take place or as an alternative break above, which should push price much higher, to the new all-time high. On a downside, only a weekly break and close below the $100 psychological support level could invalidate bullish outlook. Source: Litecoin Back To $300? | CryptoPost

Aeon Could Rise 50% Towards Major Resistance Aeon has lost 80% of the USD value after it corrected from the $9.5 all-time high, down to $1.95. But the key support level is at $2.8, that is 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At first, $2.8 support has been rejected but then price broke below down to $1.9 and almost immediately went back up to $3.6. On a corrective move down AEON/USD again rejecting the $2.8 level and now it seems to form the head and shoulders reversal pattern. The confirmation should be the break above the neckline and should send the price up to the major resistance area between $4.7 – $5.2. On a downside break below the $2.8 support should invalidate bullish outlook. Source: Aeon Could Rise 50% Towards Major Resistance | CryptoPost

Comparison of Bitcoin Major Corrections The Bitcoin has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let’s try to compare the past two correctional moves down with the current one. The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%. First Correction The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days. Second Correction The next strong correction was not too far away and happened during 2014 – 2015. This time Bitcoin has corrected from the $1165 all-time high, down to $200 support level, which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days! Third (Current) Correction With the latest move down, Bitcoin has corrected down by almost 70%, during a relatively very short period of time, only 51 days. The Conclusion All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin Bitcoin anywhere between $6000 and $4000. Source: Comparison of Bitcoin Major Corrections | CryptoPost

Incent Approaching Key Resistance Since Incent reached the bottom at $1.6 price has been rising consistently and already went up by 110%, while currently trading at $0.34. During the rise, INCNT/USD formed Head And Shoulders pattern and broke above the neckline trendline, followed by the break above the 200 Moving Average. Clearly, the short-term trend is upwards and Incent is yet to test the key resistance at $0.38. This is the 23.6% Fibonacci retracement level applied through the all-time high. When/if it will be reached the Head and Shoulders pattern will be completed. The most important will be the reaction of the market after the target is reached. Break above should confirm the long-term growth while rejection could result in a corrective move down. Source: Incent Approaching Key Resistance | CryptoPost

Bitcoin Final Step To Confirm The Uptrend Bitcoin has reached the downside target at $7555, that is based on the Fibonacci applied to the ascending channel breakout. However, the price went lower and hit $5900 price. Well, the important aspect is that the weekly closing price remained above that level and after breaking below price went immediately up and for the past few days has been rejected the actual downside target/support at $7555. Now the final step required by the Bitcoin to confirm the uptrend and this is to close above $8650 level. It is important that the price will close on a Daily timeframe and better on a Weekly. Therefore a weekly close above $8650 should be a long waiting confirmation of the uptrend. On a downside, break below the $5900 will most likely send price lower to $4000-3800 area and the $7555 support has to be watched for a break below. Bitcoin Final Step To Confirm The Uptrend | CryptoPost

Neo Value Could be 1/3 of a Bitcoin One of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin. The most recent price action shows that Neo broke above the previous high at btc 0.014 resistance and at the same time broke above the 227.2% Fibonacci retracement trendline. This shows bullish intentions of the Neo that could bring the price as high as btc 0.0033, yes, 1/3 of the Bitcoin. On the downside, the price could continue to consolidate and even go back to one of the previous support levels and/or the 200 Moving Average. But the overall long-term trend should remain bullish. Source: Neo Value Could be 1/3 of a Bitcoin | CryptoPost

Incent VS Bitcoin Buying Opportunity Since January the 1st Incent has been correcting downwards for the all-time high at 7.7k satoshi, down to the 2.6k satoshi, losing 65% to the Bitcoin. From 2.6k price went up to the 3.4k satoshi resistance while forming a bullish divergence on the RSI oscillator. Currently, there seems to be a buying opportunity, but the 3.4k satoshi resistance must be broken. This resistance level is inline with the inverted head and shoulders neckline trendline. On the breakout, the H and S pattern should be completed by sending price back to the 5.4k satoshi resistance, that previously was rejected several times. Break above the resistance should establish a longer-term uptrend sending price much higher. On a downside, the support in at 2.4k satoshi and only break and close below could invalidate bullish outlook. Source: Incent VS Bitcoin Buying Opportunity | CryptoPost

FunFair VS Bitcoin Signs of an Uptrend After reaching an all-time high, hitting 1400 satoshi on the 8th of January, Funfair corrected down to 500 satoshi where previous support was established. At the same time price has rejected the uptrend trendline, and although it seems that it went below, daily closing price remains above it. While the 500 satoshi support and the uptrend trendline has been rejected, the RSI oscillator has formed a bullish divergence suggesting trend reversal. FUN/BTC then broke above the 200 Moving average and the downtrend trendline. Currently, FunFair has corrected slightly down and traded at 670 satoshi, but the price remains very attractive as there are signs of an uptrend in place. Price could grow up to 1770 satoshi, that is 141.4% Fibonacci retracement of the corrective wave from the all-time high. Source: FunFair VS Bitcoin Signs of an Uptrend | CryptoPost

BlockNet VS Bitcoin Inverted Head And Shoulders Blocknet has been moving downwards for over three months, after reaching btc 0.007 high in August 2017. Price declined down to btc 0.001, resulting in 85% loss to the Bitcoin. Since December BLOCK/BTC has been recovering and went up as high as btc 0.005, while breaking above the 200 Moving Average. The MA has been acted as a support that clearly was respected by the market. After the last rejection of the Moving Average, BlockNet broke above the neckline trendline of the Head And Shoulders pattern, suggesting the continuation of the uptrend towards previous highs. The resistance area is between btc 0.0065 and 0.0075 which is expected to be reached in the short to medium term. On the downside, the support area is based between btc 0.0028 and 0.0024, where only daily break and close below could invalidate bullish outlook. Source: BlockNet VS Bitcoin Inverted Head And Shoulders | CryptoPost

Zcash Medium Term Potential 300% During the December rally, Zcash hasn’t been the top choice for investors, although it showed a healthy 500% gain, reaching USD 813. On a corrective move down ZEC/USD lost almost 70% and was stopped at the 76.4% Fibonacci retracement, hitting USD 254 low. Price failed to close below that support and what is, more importantly, 8/1 Gann Fan trendline was rejected with surgical precision. This is the key support and it has been rejected, suggesting the continuation of the uptrend. Fibonacci retracement level applied to the last correction down as well as prior corrective wave after the downtrend trendline breakout shows that the strong resistance is at $1500 area, that is nearly 300% growth potential. At the same time, $1000 area resistance could be an obstacle as it also is a potential technical resistance and a strong psychological round number. Source: Zcash Medium Term Potential 300% | CryptoPost

Top 5 Coins With Strongest Recovery Recently On the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction? Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners. INTERNET OF PEOPLE (50% Recovery against the Bitcoin) FUNFAIR (43% Recovery against the Bitcoin) DECENTRALAND (37% Recovery against the Bitcoin) POWER LEDGER (34% Recovery against the Bitcoin) GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin) Source: Top 5 Coins With Strongest Recovery Recently | CryptoPost

Syscoin VS Bitcoin Confirming The Uptrend Syscoin has been one of the strongest coins during the last few months correctional phase. While most coins have been losing to the Bitcoin, Syscon held its’ value while the price was ranging between 5k and 7k satoshi. SYS/BTC continues trading above the 200 Moving Average and managed to break above the downtrend trendline. During the past few days, it has been rejecting the 38.2% Fibonacci support, where the downtrend trendline acted as the support and has been rejected as well. This could be the confirmation of the continuation of the uptrend sending Syscoin much higher from the current price. Although there are few strong resistance levels to overcome. First two are 8.2k and 10.2k satoshi levels where previously resistance was established. If they are broken next target would be 127.2% Fibonacci retracement level at 12.6k satoshi. Break above the final resistance will prove the long-term strength of Syscoin, which is a very likely scenario. Source: Syscoin VS Bitcoin Confirming The Uptrend | CryptoPost

IOTA VS Bitcoin Uptrend Continues After reaching the btc 0.00044 high, Iota almost immediately has corrected down to btc 0.00017, losing 60% to the Bitcoin. Following consolidation between btc 0.00030 and 0.00017 is going on now for nearly two months. IOT/BTC has rejected the 61.8% Fibonacci support level multiple times and with the last bounce of that support level, occurred last week, the 8/1 Gann Fan trendline has been rejected cleanly as well. This could be first signals of the end of consolidation period and continuation of the long-term uptrend. The price is certainly attractive for buyers and least for the short term investment. The first resistance is at 23.6% Fibs that is btc 0.00035 level and should play the key role in further price development. Break above it should confirm the long-term uptrend, while the rejection could prolong the consolidation period. Source: IOTA VS Bitcoin Uptrend Continues | CryptoPost

Edgeless – Downside Target Reached, And Rejected Edgeless has been slowly moving downwards for the past few months. It declined from 23.5k satoshi down to the 8k satoshi level, losing 66% to the Bitcoin. Fibonacci applied to the uptrend trendline breaking point shows that EDG/BTC reached and rejected the final downside target at 0% Fibonacci, that is 8k satoshi level. This is a strong support for Edgeless and price could potentially reverse to the upside from this point. Consolidation is possible and even spikes below the support. The confirmation of the reversal could be the break above the descending channel which should push price towards 16k satoshi resistance. If the resistance is broken a longer-term uptrend might be on its’ way. Source: Edgeless ? Downside Target Reached, And Rejected | CryptoPost

Basic Attention Token Reversing Up? Basic Attention Token has established an all-time high at $1, followed by a strong correction down to $0.23 support. This is the level where previously was acting as a resistance and then the support, and yet again history repeats itself. The support is also confirmed by the uptrend trendline, that has been rejected cleanly. In addition, Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that $0.23 is also a 461.8% retracement level, confirming the presence of the support. If BAT/USD will continue trading above that level, the trend could reverse to the upside and perhaps move to a new all-time high. The price seems very attractive in terms of buying opportunity and only break and close below the support could invalidate bullish outlook. Source: Basic Attention Token Reversing Up? | CryptoPost

Aragon Is Under Pressure Aragon went up from $1 up to $8 area, where it found the resistance and formed a double top. Price then declined down sharply and broke below the uptrend trendline and the 200 Moving Average. The downside risk remains, where ANT/USD could decline to one of the Fibonacci support levels applied to the breakout point of the uptrend trendline. First strong support is at $2.4, if reached and broke further downtrend could be expected where Aragon could test $1.15 support level. At the same time, it has to be mentioned that price also formed a double bottom at $3 area and if it continues to rise, breaking above the $5.77 resistance, the continuation of the uptrend would become a more likely scenario. Source: Aragon Is Under Pressure | CryptoPost

Zencash VS Bitcoin Approaching Key Resistance Following the previous idea on ZenCash, the price has started to grow as expected after rejecting the btc 0.0033 support. The upside potential remains very large, however, to realize it, there is a major resistance that has to be broken first. The resistance is at btc 0.00567, that is confirmed by two Fibonacci retracement levels. If ZenCash will manage to break above, the price could go as high as btc 0.01. On a downside note, break and close below btc 0.0033 could send price lower, back to the next support at btc 0.0025, but it still should not invalidate bullish outlook. Source: Zencash VS Bitcoin Approaching Key Resistance | CryptoPost

Augur Should Continue The Uptrend After Augur broke the triangle pattern it went up to $124 all-time high, resulting in a 722% growth in just 5 weeks. The strong corrective wave followed, bringing the price back to the $39 support level, that is the high of the triangle pattern. Currently, the price is rejecting the uptrend trendline and the $39 support. From this point is it likely that the uptrend will continue as the price seems very attractive, especially after the strong correction. While the price could consolidate and even get back slightly lower, the uptrend should remain valid, unless the $24 level is penetrated. There are two major resistance levels that could be used as upside targets. First is $150 confirmed by two Fibonacci retracement levels applied to the triangle pattern and second Fibonacci applied to the corrective wave after the triangle pattern breakout. The second target is $170, and should only be reached if $150 resistance is broken. Source: Augur Should Continue The Uptrend | CryptoPost

Golem Remains At The Support Following the previous idea on Golem, it has reached support at 4k satoshi, and currently still presents the buying opportunity for the medium to long-term. The 4k support level has previously been rejected multiple times while first acting as a resistance and then the support. Yet again price rejected the 4k level on the 2nd of February and continues to trade around it for the last three days. The 8/1 Gann Fan trendline is very close and should act as additional confirmation of the support. GNT/BTC could remain near the support level for another week and produce spikes lower than the support level, nevertheless, the trend looks bearish and soon than later price is expected to rise. The first major resistance is at 8k satoshi, second is at 11k and third is at 13k. On the downside, only break and close below 1.5k support could invalidate long-term bullish outlook. Source: Golem Remains At The Support | CryptoPost

Gnosis Trend Is Still UP Gnosis found the bottom at btc 0.0056 and started to move up, breaking the key resistance area around btc 0.017 followed by the 200 Moving Average breakout. Price managed to go as high as btc 0.029, breaking above the 161.8% Fibonacci retracement level applied to the corrective wave after the MA and the resistance breakout. This suggests that the uptrend is incomplete and there are more gains to come while reaching at least a double top at btc 0.29 or a longer term rise. Back to the current situation, GNO/BTC has corrected back to btc 0.015 support level, and this is where 4/1 Gann Fan trendline is being rejected. If daily close will remain above that support, Gnosis is likely to continue going higher. But, break and close below the support could result in another wave down towards btc 0.011 support before the continuation of the uptrend. In any case, the price is looking attractive and this could be the starting point for the uptrend continuation. Only daily break and close below the btc 0.0056 could invalidate bullish outlook. Source: Gnosis Trend Is Still UP | CryptoPost

Factom – Support Levels To Watch Factom seems to start reversing to the upside against the Bitcoin as price clearly broke above the previous high at btc 0.0033 resistance. FCT/BTC went up to btc 0.0057, but then corrected back to btc 0.0024 which is actually the crossing price of the two 8/1 Gann Fan trendlines. Prior to that Factom tested the 200 Moving Average, which has been rejected on the 16th of December. Then price produced the spike lower, but it failed to close below btc 0.0031 support. While the price could be reversing in the very near future watch out for the Fibonacci support breakouts. But only break and close below 88.6% retracement level, that is btc 0.0015, could reverse the trend to the downside. Factom ? Support Levels To Watch | CryptoPost

BitShares – The End Of Correction? BitShares fell down to 3k satoshi support after reaching the high at 6.6k satoshi in January, while the decline resulted in over a 60% loss to Bitcoin. The strong support was found at 61.8% Fibonacci retracement level, that price failed to break and close below, although spikes lower have been the case. From 3k support, the price went back up to 4.7k resistance and once again moved down to the 3k support. Currently, BTS/BTC could be forming a double bottom around the support area, which is now also confirmed by the 4/1 Gann Fan trendline as well as the 200 Moving Average which is being rejected yet again. There is also a possibility that consolidation will take place and price will range between 2.3 and 3k satoshi, nevertheless with the given facts, it looks like the correction is coming to an end. Source: BitShares ? The End Of Correction? | CryptoPost