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CapriCoin 333% Growth Opportunity

 

Capricoin continues to produce higher highs, but with every new high it returns back to the support near $0.3 area. An all-time high has been produced on 13th of January, where price hit $2.6. And once again it corrected down to $0.3 support area, but this time losing 86% to USD.

 

The fact is that price is rejecting the support are and at the same time the uptrend trendline, suggesting the continuation of the uptrend if the support will hold.

 

The price could go as high as $2.5 area, where double top could be formed, not to mention that this is 333% growth opportunity. Nevertheless, it could take time for CPC/USD to reverse, while price could range between $7 and $3 for another month. On a downside, only a weekly break and close below $0.2 could invalidate bullish outlook.

 

Source: CapriCoin 333% Growth Opportunity | CryptoPost

 

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EnergyCoin Upcoming Wave UP

 

EnergyCoin has reached the all-time high, hitting $0.54, and corrected down sharply. The decline resulted in a 81% loss against the USD and was stopped at $0.1.

 

At the bottom, the RSI Oscillator formed the bullish divergence suggesting the upcoming wave up. Price started to move higher and broke above the descending channel, 200 Moving Average and 2/1 Gann Fan trendline.

 

So far all the facts are in favor of the potential growth, where the first strong resistance is seen at 38.2% Fibonacci retracement level, that is $0.27. Break above that resistance should result in more growth towards 50% Fibs at $0.32.

 

The question remains if ENRG/USD will break above first and/or second resistance because if any of them will be rejected, more consolidation could take place.

 

On a downside, current support is based at $0.13, but the price could potentially decline even back to $0.1 psychological support area. And only break and close below $0.1 should invalidate bullish outlook.

 

Source: EnergyCoin Upcoming Wave UP | CryptoPost

 

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GroestlCoin Mid-Term Scenarios

 

Groestlcoin has been corrected down for 47 days since it reached the $2.75 high on 21st of December 2017. Correction resulted in a 85% decline while reaching $0.4 support area.

 

GRS/USD nearly tested the 88.6% Fibonacci retracement, however, the support hasn’t been touched, and while RSI formed a bullish divergence price started to move higher. The downtrend trendline has been broken and on a correctional move down 4/1 Gann Fan has been rejected, forming the local support at $0.54.

 

GRS Coin should continue moving higher towards either $1, that is technical as well as psychological level and should be treated as a key resistance. Break above could push price further towards $1.5 area. If $1-1.5 will be rejected it is possible that price will correct down again, but this time to test 88.6% support at $0.37.

 

Source: GroestlCoin Mid-Term Scenarios | CryptoPost

 

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STORJ – The Next BIG Gainer?

 

Storj Coin has been trading at the price of $0.5 for quite some time, but after the rally started back in October price has reached an all-time high, hitting $3. The corrective wave followed where Storj lost back to the USD over 80%, while the correction was stopped by 88.6% Fibonacci retracement level which was rejected cleanly.

 

The price of Storj remains undervalued, considering the facts that the current price is only $1 while the total supply is only 500,000,000 SJCX, and the price has been trading on lows for an extended period of time.

 

However, there are very strong resistance levels, that have to be broken in order for Strong to starting producing heavy gains. First resistance is at $1.56, and second $1.78. Break above the second resistance should confirm a very bullish scenario for the Stong and could push price x10-20 in the midterm.

 

On a downside. break and close below the $0.6 support could invalidate bullish outlook

 

Source: STORJ ? The Next BIG Gainer? | CryptoPost

 

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Bitcoin H&S Pattern – Growth Towards 17-18k?

 

After finding the low at $5900, the Bitcoin price went up breaking above the 200 Moving Average and then forming the head and shoulders pattern. Yesterday BTC/USD broke above the neckline trendline of the H&S pattern suggesting the continuation of the uptrend.

 

Bitcoin still is trading above the 200 MA, which could act as the support before the price goes up to either 76.4% or 88.6% Fibonacci retracement, that is $16600 and $18300 resistance levels.

 

The support is clearly at $9200, where the left and right shoulders were formed. If Bitcoin will break below the Moving Average, it could decline towards the $9200 support once again before moving higher.

 

Source: Bitcoin H&S Pattern ? Growth Towards 17-18k? | CryptoPost

 

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Ionomy VS Bitcoin x15 Growth Potential

 

Ionomy has been ranging between 9k and 57k satoshis for almost a year. But on the 22nd of February ION/BTC closed above the resistance, suggesting the uptrend could be emerging.

 

Throughout the consolidation period, price broke above the descending channels for two times and Fibonacci applied to the corrective wave after the breakout shows that the potential upside target is 420k satoshis, that is almost x15 from the current price.

 

The reason behind such an enormous growth potential could be the extremely low price ($3.23) in relation to the total coin supply that stands at 26,083,122 ION.

 

Source: Ionomy VS Bitcoin x15 Growth Potential | CryptoPost

 

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Florincoin VS Bitcoin – The End Of Consolidation?

 

Since Florincoin reached the high at 6.5k satoshis, back in May 2017, the price has been going down, reaching the 500 satoshis low. This decline resulted in over 90% loss to bitcoin, but now price action begins to look in favor of the trend reversal.

 

After reaching 500 satoshis low, FLO/BTC went up breaking above two descending channels as well as the 200 Moving Average, although rejected the resistance formed around 3k satoshis area.

 

Currently, RSI has formed a bullish divergence suggesting that the price once again is ready to move higher, at least towards the massive resistance area at 3k satoshis. But to confirm the potential upcoming wave up, Florincoin should break above the minor resistance at 1200 satoshis. Break above the 3k satoshis resistance should result in more growth and could send price up to 6.5k satoshis or higher.

 

Florincoin VS Bitcoin ? The End Of Consolidation? | CryptoPost

 

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Metaverse ETP vs Bitcoin – Downside Target Reached

 

Since 5th of January, after reaching btc 0.00042 high, Metaverse has been going down, slowly but steadily. ETP/BTC broke below the uptrend trendline and the 200 Moving Average simultaneously.

 

Fibonacci applied to the trendline breakout point shows that today Metaverse has finally reached the downside target at btc 0.00013 while forming the bullish divergence on the RSI oscillator at the same time.

 

This could be in fact the very bottom of the Metaverse which could result in a beginning of a long-term uptrend. However for this to happen the support must be respected and the downtrend trendline must be broken.

 

Source: Metaverse ETP vs Bitcoin ? Downside Target Reached | CryptoPost

 

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Cardano VS Bitcoin – Time To Buy?

 

Cardano felt extremely strong during the December 2017 rally, and it went up from 250 satoshis up to 9180 satoshis, that is nearly 2500% growth in just over a month.

 

ADA/BTC currently has corrected down to 2360 satoshis, where it is currently trading. At this level, Cardano should find the support, confirmed by the 76.4% Fibonacci retracement level. If the support holds and the downtrend trendline is broken, the bullish falling wedge pattern will be confirmed resulting in the continuation of the uptrend.

 

As the bullish divergence is forming on the RSI oscillator, and price facing Fibonacci support, the reversal probability remains very high at this point and perhaps the buying opportunity is already there.

 

Source: Cardano VS Bitcoin ? Time To Buy? | CryptoPost

 

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Adex VS Bitcoin +630% Potential

 

Adex is currently trading within the descending channel, although on the last wave up it failed to test the upper trendline of the channel and went down. The decline was stopped at the 10k satoshis, that is a strong psychological support as well as *76.4% Fibonacci retracement level.

 

While the support is holding it is very likely that ADX/BTC could establish an uptrend, towards 74k satoshis resistance confirmed by two Fibonacci retracement levels. That is 630% growth potential over the Bitcoin.

 

On a downside, daily break and close below 10k satoshis could extend the consolidation and send price back to 5.5k satoshis support, nevertheless, that price should be far more attractive for buyers.

 

Source: Adex VS Bitcoin +630% Potential | CryptoPost

 

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BlackCoin Another Wave UP

 

BlackCoin found the bottom at $0.19 and went up breaking above the downtrend trendline. The trendline breakout point is now acting as a support, not to mention that the price is now trading right at the 61.8% Fibonacci retracement level.

 

It seems reasonable to expect yet another wave up towards one of the Fibonacci retracement levels. First resistance is at $0.56, while the key resistance is at $0.67. If one of the resistance levels will be rejected the consolidation would continue and could send price back to $0.2 support. However, break above both resistance levels should confirm a long-term bullish trend.

 

On a downside, break and close below the $0.32 support could invalidate bullish outlook and send price back to $0.2 or even lower.

 

Source: CryptoPost

 

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Groestlcoin VS Bitcoin Range Trading

 

Groestlcoin continues to range between 5.7k and 16k satoshi areas. These levels correspond to the Fibonacci retracement levels, 76.4% and 23.6% accordingly.

 

While there is no established trend as GRS/BTC continues to reject the support, the range trading is likely to continue. If that’s the case, the price should go up once again towards the 16k satoshis resistance. Whether the resistance will be broken or rejected, remains to be seen.

 

Break above should confirm a bullish run, but rejection might result in a continuation of the consolidation. On the downside, break below the support area should send Groestlcoin lower towards 88.6% Fibonacci retracement level, that is 3.3k satoshis. Such a low price could attract more buyers, resulting in exponential growth.

 

Source: Groestlcoin VS Bitcoin Range Trading | CryptoPost

 

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Time To Buy Bitcoin

 

After Bitcoin found the bottom at $5900, the price started to rise, breaking downtrend trendlines. BTC/USD managed to grow up to $11800 where it produced a double top and went down sharply.

 

The decline was stopped at the breakout point of the first downtrend trendline, while the second trendline is acting as a support. Additionally, the RSI oscillator is in the oversold condition and also finding the support at the downtrend trendline, suggesting the Bitcoin potentially reached the bottom of the current wave down.

 

From this point onwards BTC could continue the uptrend with the condition that the support will hold. Daily break and close below $8400 should invalidate bullish outlook and could result in a strong decline towards $4000 area.

 

Source: Time To Buy Bitcoin | CryptoPost

 

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The company’s segments include Google and Other Bets.Alphabet’s report will be key after its first year-over-year revenue decline in company history in Q2 as a result of the lack of advertisement demand from the majority of businesses amid the economic slowdown globally. However the forecasts for Q3 have the company well positioned with the consensus recommendation “strong buy”, corresponding to the majority of the consensus recommendation from Reuters Eikon, as 30 out of 36 analyst firms recommend “buy” and “strong buy”, while only 6 recommend ‘hold’. Hence, no analyst firm is making a “sell” or “underperform” recommendation for the company.GROWTH FOR ALPHABET INCAccording to Zacks Investment Research and Reuters Refinitiv, the information service is expected to have $11.33 in earnings per share during the third quarter of 2020, which represents a yearly rise of 12% since the reported EPS for the fiscal quarter ending September 2019. Focus should also turn onto the revenues number which is projected to hit a 6% yoy spike, to around $42.8 billion, from the $40.49 billion reported last year. 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Morgan Stanley stated also that they came into earnings season positive about the online ad market recovery but grew more optimistic following Snap’s blowout ad revenue beat and better-than-expected ad results from Verizon subsidiary AOL, Sirius-owned Pandora, and Interpublic Group.The positive consensus for Q3 could also be driven by the shift of Alphabet to Google Play and YouTube to help its partners support their businesses. The majority of the analysts believe that we could see strength in YouTube ad pricing and the return of brand spending in its channel checks.Alphabet CEO Sundar Pichai however highlighted in his latest statements GOOGL’s focus on non-advertising segments. 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The overall bias remains strongly positive even though medium term momentum indicators signal a potential pullback lower.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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EU and UK trade talks continue in London through to tomorrow before relocating to Brussels. They are reportedly working to a mid-November deadline.Taking a step back, the currencies that are showing the biggest gains on the year-to-date are the ones that most would expect to have risen against the backdrop of the global pandemic crisis, being currencies of current account surplus economies, specifically ones that don’t have a high commodity export component. Thereby the Euro, Swiss Franc and Yen are the biggest gainers, while the dollar bloc and the likes of the South African Rand and Russian Ruble, among others, are showing the biggest year-to-date declines, save the politically savaged Turkish Lira. Turkey seems to be in dispute with all its neighbours and some further afield. The Central Bank holding rates last week has not helped its predicament – USDTRY printed a new all time high earlier at 8.1580.USDCAD lifted out of a correction low at 1.3169, with oil prices, although up yesterday’s lows, coming under moderate pressure during the early London session. WTI benchmark crude prices are down 6.5% from week-ago levels, and prospects for a sustained rebound look to be limited given the supply glut and weakening demand as Covid-containing measures intensify across Europe and some parts of North America. This backdrop should keep USDCAD underpinned. The pair has been trending lower since March, though we have been noting trend derailing risks. A run to levels around 1.3500 and above seems possible, as the BOC decision tomorrow and the US Election next week remain the key immediate fundamentals .Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • “Self-evident truths” ( btw the ‘trading’ industry runs on a lot of these “self-evident truths” too) https://www.zerohedge.com/geopolitical/escobar-make-america-jeffersonian-again and a study in current “defactualization” https://consortiumnews.com/2020/10/19/patrick-lawrence-the-damage-russiagate-has-done/
    • Overtrading either trading too big or too often – is the most common reason why forex traders fail. Overtrading might be caused by unrealistically high profit goals, market addiction, or insufficient capitalization.
    • Yes, i do trust my broker. LMFX offers are very good and attractive. They have high leverage for newbie so do try with opening Demo account with LMFX. 
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