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pro4Xtrader

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Everything posted by pro4Xtrader

  1. Ubiq Is Likely To Rise And Form Double Top Ubiq still looks strong in the short term analysis as it continues to produce higher highs and higher lows, while failing to go lower the previous low at $2. After reaching a new all-time high at $7.4, UBQ/USD fell down substantially, losing over 60% to USD. Although this seems to be only a corrective move down rather than a trend reversal as the drop was stopped at the previous high, that is $2.85, where 4/1 Gann Fan trendline was rejected. Of course, the market had to take a break after the rally throughout most cryptocurrencies, but now consolidation period seems to be coming to an end and the uptrend should continue shortly, including the Ubiq. The nearest upside target is seen at 327.2% Fibonacci retracement, that is $7.8, and it yet to be seen the reaction of the market at that price. Rejection could trigger a long-term consolidation and drop back quite a lot, while a break above should confirm the uptrend continuation. Source: Ubiq Is Likely To Rise And Form Double Top | CryptoPost
  2. Bancor Has 150% Short Term Potential Bancor producing higher highs and higher lows thus, confirming the validity of the uptrend. All markets move in waves and Bancor is no exception. After reaching $10.8 all-time high price corrected won to $5 support level, where it was stopped by the 61.8% Fibonacci retracement levels. At the same price, the uptrend trendline and the 200 Moving Average were rejected and price spiked up to $9.5. Now BNT/USD might continue range for a little while, but the uptrend is there and it is valid. It is a matter of time when Bancor will go higher and as the upside targets, the $15 resistance area could play a key role in the medium term. Only a break and close below the $2.8 support could invalidate bullish outlook. Source: Bancor Has 150% Short Term Potential | CryptoPost
  3. BlackCoin Has Proved It Worthy Following the previous idea on BlackCoin, it has proved it worthy, while it broke above the strong resistance area between $0.35-0.4 and went above our upside target that was at $0.95. Currently, BLK/USD corrected back to the previous resistance area: $0.35-0.4 which has been rejected together with the 4/1 Gann Fan trendline. The uptrend is likely to continue, although it is questionable whether BlackCoin will manage to produce a new all-time high or will form a double top at $1.25 near the previous high, as this is where the first strong resistance is. Break above the $1.3 should confirm a long-term uptrend, while the break below the $0.36-0.44 support area could invalidate bullish outlook. Source: BlackCoin Has Proved It Worthy | CryptoPost
  4. Decred VS Bitcoin Uptrend Continuation Following the previous idea on Decred VS Bitcoin, the price hit the upside target at 61.8% Fibonacci retracement, that is btc 0.0073. Not only it reached the target but broke above this resistance levels going up to btc 0.009. Following corrective move down resulted in the previous resistance at btc 0.0073 being rejected twice, after which DCR/BTC produce another higher high. The continuation of the uptrend seems imminent at this point, where Decred could reach the upper trendline of the extended descending channel. The 361.8% retracement corresponds well to the channel trendline and price should aim for btc 0.012 area. Source: Decred VS Bitcoin Uptrend Continuation | CryptoPost
  5. Ethereum Could Jump Up To $2000 Ethereum remains one of the most stable coins out there and very consistently continues to rise. Since July 2017, when consolidation has ended price went from $139 up until $1430 in just 6 months, gaining nearly 1000%. While the price went as high as $1430, it broke and closed above the $1370 resistance, that is 427.2% Fibonacci retracement level, suggesting that the uptrend is far from over. Although price corrected won sharply and was stopped at the strong support area between $765 and $792. The support is confirmed by two Fibonacci retracement levels and the clear bounce of one of them can be witnessed. At the same time, ETH/USD rejected the 200 Moving Average and the 2/1 Gann Fan trendline adding extra confirmation of the uptrend validity. The price could continue ranging for some time but overall it should reach the next Fibonacci retracement level at $1950 and potentially it might test the strong psychological level at $2k. Source: Ethereum Could Jump Up To $2000 | CryptoPost
  6. Iota VS Bitcoin Expected Upside Target Following the previous idea on Iota VS Bitcoin, it went higher as expected breaking above the descending channel. But the question is how far more it’ll go? After breaking above the channel IOT/BTC corrected down to 71k satoshi and almost immediately went up to 448k satoshi. Fibonacci applied to the corrective wave after the breakout shows that price broke the 727.2% resistance level and corrected down sharply. The correctional wave stopped at 4/1 Gann Fan trendline, that is 17.5k satoshi support. The consolidation period followed and this weekend price rejected the 200 Moving Average, suggesting that Iota is ready to go higher. The next Fibonacci resistance is at 827.2% retracement level that is 476k satoshi and this is where the expected upside target is. The support remains at 17.5k satoshi, and there is a possibility that it will return back to this support, perhaps spiking lower. But in any case, the price is expected to grow and high the upside target in the short to medium term. Source: Iota VS Bitcoin Expected Upside Target | CryptoPost
  7. MonaCoin VS Bitcoin Expected To Rise 150% MonaCoin uptrend is still intact since it continues to produce higher highs and higher lows. On the 6th of January price reached an all-time high, hitting btc 0.00175, while at the same time producing spike above the very strong resistance at btc 0.00155. The corrective wave down followed resulting in a 75% drop. The correction was stopped at 127.2% Fibonacci support, which has been rejected together with the uptrend trendline. At this point, MONA/BTC is likely to continue moving up towards a key resistance at btc 0.00155. Break above will confirm the longer term uptrend, while if rejected, a consolidation or a correction should take place. On a downside, only a break and close below the 30k satoshi support could invalidate bullish outlook. Source: MonaCoin VS Bitcoin Expected To Rise 150% | CryptoPost
  8. Augur VS Bitcoin +300% Potential Following the previous idea on Augur vs Bitcoin, it has reached the upside target at btc 0.006 and broke above it, going all the way up to btc 0.009 . Currently, this level is acting as a support where Augur is likely to continue the uptrend. The next upside target is seen at btc 0.015, which is very close to the previous high and perhaps Augur will form a double top there. This means that REP/BTC could almost triple in value in the short period of time. The upcoming wave could be strong and fast, presumably, it has already started. On a downside, the strong support is based at btc 0.0035, daily close and break below could invalidate bullish outlook. Source: Augur VS Bitcoin +300% Potential | CryptoPost
  9. Eidoo Just Starting Eidoo is one of those very new coins that has started to show some signs of strength, in the short term. Clearly, the uptrend is emerging, and while btc 0.00024 support is holding the growth tendency is very likely to continue. On the last corrective wave down Eidoo lost 40% to Bitcoin, after dropping from btc 0.00047 down to 0.0026. The correction stoped on the uptrend trendline that has been rejected sending the price up once again. Although EDO/BTC could consolidate for a little while the uptrend is likely to continue, sending price up to btc 0.0007 levels where two Fibonacci retracement levels are inline. The support remains between btc 0.00028 and 0.00024 and only break and close below could invalidate bullish outlook. Source: Eidoo Just Starting | CryptoPost
  10. Lisk Up To $50? Lisk uptrend remains intact as it continues to produce higher highs and higher lows. The previous low was at $10.7 where 4/1 Gann Fan trendline was first rejected and currently this remains a key support area for Lisk. On the 7th of January Lisk produced a new all-time high reaching $40 and then corrected down sharply where it tested and rejected the Gann Fan trendline and the 200 Moving Average. There are now few scenarios that can take place, first is Lisk will continue moving higher from the current price. Second is Lisk will correct back to the $18.8 and then will resume the uptrend. And third is Lisk will go lower to test $10 support, consolidate and only then will be on its’ way to a new all-time high. On the downside, daily break and close below $10 could invalidate bullish outlook and extend the consolidation period, but in any case, long term trend seems to be very bullish, and it’s just a matter of time for Lisk to go up again. Source: Lisk Up To $50? | CryptoPost
  11. Incent VS Bitcoin Breakout Incent found the bottom at 1000 satoshi on the 12th of October and since then, the price has been ranging between 1000 and 4000 satoshi for nearly 3 months. But on the 1st of January INCNT/BTC broke above the downtrend trendline and the 200 Moving Average which was the first sign of a potential trend reversal or a corrective move up. Price reached 7.7k satoshi high and corrected back. What is interesting is that corrective wave was stopped at the 200 Moving Average which is now acting as a support, that has been rejected. Incent also rejected the 4/1 Gann Fan trendline and nearly tested the downtrend trendline. It seems that it is a very strong support that has been respected by the market and from this point onwards Incent could continue going higher. The first target is seen at 12.5k satoshi, that corresponds to two Fibonacci retracement levels. First is 64.8% Fibs applied through the all-time high. Secon is 227.2% Fibs applied to the last corrective wave down where 3.7k satoshi support was rejected. Only daily break and close below the 3.7k sats support could invalidate bullish outlook. Source: Incent VS Bitcoin Breakout | CryptoPost
  12. ViaCoin VS Bitcoin Right At The Support ViaCoin finally managed to break above the descending channel signaling the potential beginning of a strong growth. VIA/BTC continues to trade above the 200 Moving Average while producing higher highs and higher lows. After hitting a 5 month high at 53k satoshi, it corrected down where it rejected the upper trendline of the descending channel. From this point, the uptrend should resume sending the price up to 116k satoshi. At this price strong resistance can be found, confirmed with two retracement levels, 827.2% Fibs applied to the corrective wave after the channel breakout, and 141.4% Fibs applied to the corrective wave down started back in June 2017. Only break and close below 25k satoshi support could invalidate bullish outlook. Source: ViaCoin VS Bitcoin Right At The Support | CryptoPost
  13. PowerLedger VS Bitcoin New All-Time High? PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi. On a corrective wave down it rejected the previous resistance at 7600sat, that has been acting as a support. Yesterday PowerLedge once again attempted to break below this resistance but failed as it only managed to produce the spikes that went lower, but no definitive breakout has been recorded. Not to mention, that price rejected the 4/1 Gann Fan trendline. This could suggest that POWR/BTC might continue going higher where the next upside target is seen at 15.5k sats. Break above that resistance should confirm further strength and should send it much higher, therefore that level should be watched closely. On a downside note, only a break and close below the 6.4k sats could invalidate bullish outlook. Source: PowerLedger VS Bitcoin New All-Time High? | CryptoPost
  14. NavCoin To Form Double Top? NavCoin is clearly trending upwards while printing higher lows and higher highs. NAV/BTC gained 300% over Bitcoin in just under a week, rising from 8.6k up to 33.8k satoshi. The corrective wave down followed, and the price dropped to the 22.7k satoshi. This is the key support for NavCoin as multiple supports were rejected. First is the previous low established just before the last wave up. Second is the downtrend trendline and third is the 3/1 Gann Fan trendline. The support is strong and should result in at least one wave up towards the previous high at 33.8k satoshi. On the downside, only a daily break and close below 22.7k level could result in further correction down. Source: NavCoin To Form Double Top? | CryptoPost
  15. Ionomy Might Grow 10 Times Following the previous idea on Ionomy, it has reached the upside target at $3 and broke above it, reaching the $5 high. Then price corrected sharply down to the previous resistance at $2, which now is acting as a support. At the same time, ION/USD is testing the uptrend trendline and the 200 Moving Average. This is indeed a very strong support for Ionomy which could result in rejection and the continuation of the uptrend. If support will be rejected, the next wave up could reach the previous high at $5. Breaking above that resistance would accelerate Ionomy growth and send the price up to $12 resistance, confirmed by two Fibonacci retracement levels. Source: Ionomy Might Grow 10 Times | CryptoPost
  16. Global Currency Reserve VS Bitcoin Has Potential GCR Coin found the support at 550 satoshi and then broke above the 200 Moving Average reaching 4580 satoshi level. Price then corrected back sharply and tested 1250 satoshi support for two times, failing to break below. The following wave up resulted in the rejection of the downtrend trendline and price yet again moved down, and currently is testing 200 Moving Average. At this point picture remains unclear as for GCR/BTC to move higher it must break the downtrend trendline. At the same time, GCR is very close to the support where buyers could start coming in pushing price higher. While currently, GCR remains a risky coin to purchase it could reward aggressive investors in the short to medium term. But to stay conservative perhaps it is better to wait for the trendline breakout. The upside target and first strong resistance is seen at 6640 satoshi, where two Fibonacci retracement levels are inline with each other. First is 50% retracement and second is 161.8% Fibs applied to the corrective wave down after the breakout of 200 MA. Only break and close below 500 satoshi could invalidate bullish outlook. Source: Global Currency Reserve VS Bitcoin Has Potential | CryptoPost
  17. Namecoin Could Double In USD Value Following the previous ide on Namecoin, it has reached the upside target at $5, corrected back and then went up to $8.4, breaking the resistance. The corrective wave down followed where price corrected back to the previous resistance area near $5. This could be a potential starting point for the next wave up that could reach $10 mark that is confirmed by two Fibonacci retracement levels, 327.2% and 1227.2% as per previous analysis. Source: Namecoin Could Double In USD Value | CryptoPost
  18. Factom VS Bitcoin Still An Uptrend Factom is clearly trending upwards although currently, it has entered the stage of a short to medium term consolidation. Since 1st of January, FCT/BTC continue to range between btc 0.005 and 0.0035. At the same time price broke above the downtrend trendline and for the second time it returned to the point of breakout, that is btc 0.004. Today Factom rejected the 200 Moving Average and the 2/1 Gann Fan trendline. This could suggest the uptrend continuation from this point onwards, nevertheless, consolidation could extend a little further. The upside target is seen at 127.2% Fibonacci retracement that is btc 0.006, this price level should act as a key resistance showing further intentions of the Factom. Source: Factom VS Bitcoin Still An Uptrend | CryptoPost
  19. Expanse Range Following the previous idea on Expanse, it has reached the upside target at $4.5 and broke much higher, testing $9.6 where it found a strong resistance confirmed by two Fibonacci retracement levels. After rejecting the resistance, EXP/USD corrected down sharply and went as low as $4.8, losing 50% to USD in just over a week. Currently, Expanse is facing a strong support between $4.6 and $5.0 which could result in rejection and then uptrend continuation or another wave up towards the $9.6 resistance. The support level should be watched closely as a daily break and close below could result in further decline towards 200 Moving Average. However, at this point it does not look like a trend reversal is taking place, but rather a consolidation. Only a break above the $10 psychological resistance should result in a long-term uptrend. Source: Expanse Is Expanding | CryptoPost
  20. Wings – Upcoming Wave Up? Following the previous idea on Wings, it has reached the upside target at $2.3, although there was no clean bounce and price spiked higher, testing $2.66 mark. The resistance at $2.3 is strong but in order for Wings to reverse, it should provide a clean bounce of that resistance first. The support at 161.8% Fibonacci retracement, that is $1.42, is being rejected and if it holds we are likely to see the next wave up very soon. The first target is obviously $2.3, but if broken next target would be at $3.4, that is inline with two Fibonacci retracement levels. In the worst case scenario, at this point. price could return back to the 200 Moving Average or even back to the downtrend trendline, but in any case, the uptrend is likely to resume at some point, going to the new all-time high. Source: Wings ? Upcoming Wave Up? | CryptoPost
  21. Gulden Breaks Above The Channel Gulden found the bottom at 500 satoshi and started to move higher breaking above the 200 Moving Average. After the breakout price corrected back and rejected both the 200 MA and the uptrend trendline. The next wave up followed and NLG/BTC broke above the descending channel suggesting the uptrend has started. Considering that the price was rising sharply it is possible that Gulden will take a break and consolidate for a little while, but the immediate uptrend continuation is also possible especially after price rejected the upper trendline of the descending channel. The first target is seen at 6k satoshi, that is 38.2% Fibonacci retracement applied through the all-time high. The second target is 7.7k satoshi that is 50% Fibs that goes inline with a 361.8% retracement level of the Fibs applied to the last corrective wave down. Only break and close 500 satoshi could invalidate bullish outlook. Source: Gulden Breaks Above The Channel | CryptoPost
  22. CapriCoin Broke Above The Resistance Following the previous idea on CapriCoin, price broke above the strong resistance, indicating the validity of the uptrend. After the breakout price reached 18k satoshi high and then corrected back to 12k satoshi, where it is currently trading. CPC/BTC is right in the support area, that is between 12 and 13k satoshi. At the same time it is right at the 2/1 Gann Fann trendline and from this point onwards uptrend could continue. The first strong resistance is at 20k satoshi, that is 227.2% Fibonacci retracement applied to the corrective wave after the 200 Moving Average breakout. Second resistance is 88.6% Fibs, that is 25k satoshi. Nevertheless consolidation period is also possible prior to the uptrend continuation. In this case CapriCoin could go back to the major support area at 7k satoshi, but only break and close below that level could invalidate bullish outlook. Source: CapriCoin Broke Above The Resistance | CryptoPost
  23. ByteBall Taking Over Bitcoin ByteBall has been trending downwards since July 2017 and was stopped at BTC 0.012 after it lost almost 100% to Bitcoin. The RSI indicator formed a bullish divergence and from BTC 0.012 support GBYTE/BTC started to rise and broke an extremely strong resistance at BTC 0.04. The corrective wave followed and the previous resistance at 0.04 has been acting as a support, the price simply failed to go lower. Today ByteBall has broken above the previous high at BTC 0.06, confirming the beginning of an uptrend. The potential upside targets could be one of the Fibonacci retracement levels, either 38.2%, 50% or 61.8%. Only break and close below the BTC 0.012 support could invalidate bullish outlook. Source: ByteBall Taking Over Bitcoin | CryptoPost
  24. Monaco Coin Could Grow Over 300% Following the previous idea on Monaco Coin, it broke above the range zone, that was between $5 and $10. After breaking above $10 major resistance area price reached $19 and corrected back to the $10 support that has been rejected. MCO/USD continued to trading within the $10-20 range where $10 was rejected twice. At the same time Monaco Coin continues to trade above the 200 Moving Average and at this point, the uptrend is likely to continue. Major resistance levels are at $56 and $63 which are inline with two Fibonacci retracement levels, this means that the gain of the potential wave up could be over 300%. Only break and close below the $5 support could invalidate bullish outlook. Source: Monaco Coin Could Grow Over 300% | CryptoPost
  25. Steem VS Bitcoin Could Blast Anytime After finding the bottom at 8825 satoshi, Steem immediately started to rise breaking above the 200 Moving Average. After the correction and rejection of the 200 MA, STEEM/BTC continued going higher breaking above the descending channel and reaching 57k satoshi high on the 3rd of January. The corrective wave down followed, where Steem went down exactly to the price where the descending channel was broken and there 23.6% Fibonacci retracement level was rejected. This price action could suggest the continuation of the uptrend sending Steem up to the very strong resistance at 90k satoshi, where it could form a double top together with the high established back in June 2017. Only break and close below the 200 MA could invalidate bullish outlook. Source: Steem VS Bitcoin Could Blast Anytime | CryptoPost
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