Cryptocurrency Trade Ideas and Latest News

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BitBay vs Bitcoin Rejected Strong Resistance

Since 24th of April BitBay has been steadily declining and established a clear downtrend, while producing lower lows and lower highs. Although on the 29th of June, BAY/BTC has rejected the 127.2% Fibonacci retracement level and price corrected up.

It went up from 325 satoshis support up to 500 satoshis, where it faced a strong resistance. The resistance is confirmed by two Fibonacci retracement levels as well as two Gann Fan trendlines. This makes it an extremely strong obstacle for BitBay, that currently prevents it from going upwards.

While the resistance is holding price is likely to continue moving lower, towards either 127.2% Fibs at 325 satoshis, or towards 161.8% Fibs at 160 satoshis.

At the same time BitBay might break above the resistance level, which should be the signal of a potential trend reversal. Daily break and close above 525 satoshis, can start inviting more buyers, that pushing price much higher.

Source: http://cryptopost.com/bitbay-vs-bitcoin-rejected-strong-resistance/
Telegram channel: https://t.me/cryptopost

 

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Cardano VS Bitcoin Between Support & Resistance

On the 29th of June Cardano has tested the low at 1926 satoshis. At that time price rejected the 8/1 Gann Fan along with the 88.6% Fibonacci retracement level. Then ADA went up, broke above the 200 Moving Average, but rejected the 61.8% Fibonacci retracement level at 2600 satoshis.

ADA/BTC corrected down and yesterday has tested the 8/1 Gann Fan trendline for the third time, which seem to act as a strong support. Overall, Cardano found the range between 2600 resistance and 1920 satoshis support without clear trend.

At this stage the range trading is likely to continue and ADA might get back to 1920 satoshis level once again, but only break and close below could result in further decline, towards 1670 satoshis.

On the other hand if price will go up, and break above the 2600 satoshis resistance, this might be the confirmation of the trend reversal, resulting in a strong growth for the medium to long term.

Source: http://cryptopost.com/cardano-vs-bitcoin-between-support-resistance/
Telegram channel: https://t.me/cryptopost

 

[speculator]

Ethereum Classic VS Bitcoin Correction

Ethereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up.

ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established.

On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.

Source: http://cryptopost.com/ethereum-classic-vs-bitcoin-correction/
Telegram channel: https://t.me/cryptopost

 

[speculator]

When To Buy Cardano?

It seems that Cardano has established an uptrend while producing higher highs and higher lows. ADA/USD has gained 75% against the USD since 29th of June, when it moved from $0.11 up to recent high, which almost touched $0.2.

Currently price is correcting down and breaking below the 200 Moving Average. The corrective move down is likely to continue and strong support is seen at $0.146, that is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline break.

This level also corresponds to the downtrend trendline breakout confirmation point and the uptrend trendline. This price might be the price of interest for many investors and could be the end of the correction down.

Yet it is important to wait and see that the $0.146 support is rejected, and only then act accordingly. If the support is broken the correction could be extended, sending price lower, down to the $0.125 support.

It is also worth mentioning that Cardano is now trading at the 200 Moving Average, without confirmed breakout below, and if price stays above $0.152 the uptrend could continue without further decline.

Source: http://cryptopost.com/when-to-buy-cardano/
Telegram channel: https://t.me/cryptopost

 

[speculator]

Ethereum Classic Breakout Opportunity

Ethereum Classic found the bottom at $12, which has been tested on the 10th of June. since then price started to rise slowly, producing higher highs and higher lows. The 50 Moving Average has been broken and currently ETC/USD is trading above it.

The uptrend trendline has been rejected forming minor support at $15.65. At the same time minor resistance is seen at $17.44, which has to be broken in order for the ETC to continue going higher.

Daily break and close above the $17.44 resistance should push price further up, towards the previous resistance level at $25.4, which is 38.2% Fibonacci retracement level.

But, daily break and close below the $15.65 might result in a continuation of the range trading, potentially sending price back down to the $12 support area.

Source: http://cryptopost.com/ethereum-classic-breakout-opportunity/
Telegram channel: https://t.me/cryptopost

 

[speculator]

Verge Range Trading

Since the beginning of May, Verge has been trading down and has reached the bottom on the 24th of June, when it hit the $0.02 low. After that the range trading has started, and currently XVG/USD has stuck between $0.029 resistance and $0.02 support.

There is absolutely no clarity of further price direction at this point. However, considering that the long term trend is down, it is still more likely that it will continue. But for that, weekly break and close below the $0.02 support is required.

When/if the support is broken, next support is seen at 561.8% Fibs, that is $0.012. And according to the Fibonacci time zone, the low can be reached around 7th of August.

On the upside, if the resistance is broken, it could be the first indication of a trend reversal, or at least a corrective wave up. In this case the upside target is seen neat $0.044 resistance area, that is 23.6% Fibs.

Source: http://cryptopost.com/verge-range-trading/
Telegram channel: https://t.me/cryptopost

 

[speculator]

GXShares Decision Point

GXShares trend remains bullish as price continues to produce lower lows and lower highs, and at the same time Fibonacci resistance levels are being rejected. However, today GXS/USD has reached 78.6% Fibonacci support level at $2.5, which has been rejected along with the 8/1 Gann Fan trendline.

Price produced the spike below the support reaching $2.38 low. While the daily closing price stays above that level GXShare could produce a corrective wave up, potentially reaching the resistance at $3.8, that is 61.8% Fibs.

But, if GXS breaks below the $2.38, the downtrend continuation will become the most probable scenario. In this case GXShares could drop towards the key phsycological support area, near $1.

Currently it looks like the low risk buying opportunity can be considered, with the potential stop and reverse approach.

Source: http://cryptopost.com/gxshares-decision-point/
Telegram channel: https://t.me/cryptopost

 

[speculator]

AdToken VS Bitcoin Trying to Move Higher

AdToken has found the bottom at 180 satoshi level, on the 30th of June. Since then price has established an uptrend, although with a very high volatility. On the 23th of July, price spiked up and went up by 460% in a matter of hours. ADT/BTC reached the 1068 satoshis high, followed by an immediate strong correction down.

ADT has found the support at 230 satoshis, which is the level of the downtrend trendline breakout point. The following move was a wave up, resulting in a break above the 50 Moving Average, and reaching 366 satoshis level.

The higher highs and higher lows pattern is still valid, therefore the uptrend is intact. It could be reasonable to expect further growth, although price has to break above the resent high first.

If 366 satoshis resistance level is broken, AdToken could jump up, potentially reaching the strong resistance area near 750 satoshis, which is the 61.8% Fibonacci retracement level.

But if daily closing price stays below the 366 satoshis level, AdToken could move lower, perhaps towards the previous low at 180 satoshis level and below.

Source: http://cryptopost.com/adtoken-vs-bitcoin-trying-to-move-higher/
Telegram channel: https://t.me/cryptopost

 

[speculator]

NameCoin Should Correct up … or Reverse?

On the 11th of August, Namecoin has reached the low at $0.64 where it has rejected the 327.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.

Price has formed a double bottom at that stage and RSI shows the bullish divergence suggesting either a corrective move upwards or even a trend reversal. Trend reversal yet to be confirmed as it is far to early for that statement. However, the correction is likely to take place as today NMC/USD broke above uptrend trendline on the RSI as well as on the price chart.

This breakout might trigger further upside growth. The nearest target can be seen at 23.6% Fibonacci retracement level, which is $1.1. It could be that $1 psychological resistance area could play a key role in further price development. If this resistance is broken, that talks about the potential trend reversal will be much more relevant. But at this point only a correctional move should be expected.

It is also worth considering the downtrend continuation. This could be the case if the recent low is broke, with the daily break and close below the $0.064 low.

Source: http://cryptopost.com/namecoin-should-correct-up-or-reverse/
Telegram channel: https://t.me/cryptopost

 

[speculator]

Bitcoin Struggling to Break Higher

The bitcoin downtrend still remains valid as price continues to produce lower lows and lower highs. Since 25th of July, BTC has lost over 30% to the US Dollar, while price moved from the $8500 down to the recent low at $5850 area.

At the same time strong resistance has been formed at $6500, which is confirmed by the 361.8% Fibs applied to the corrective wave up after the uptrend trendline breakout. The support is seen at $6000, which at first glance seems to be broken, although daily close stays above this key level.

Currently it would be important to watch two levels, first is a $6k support and second is the $6.5k resistance. If the resistance is broken, together with the 200 Moving Average and the downtrend trendline, it could be a strong signal of a potential trend reversal, resulting in a growth towards the $10k psychological resistance. But there will be a daily close below the recent low at $5850, the downtrend is very likely to continue, at least towards the next support at $5500.

There are multiple scenarios of the price development in the coming days, but as has been mentioned already, key support and resistance levels should be watched very closely.

Source: http://cryptopost.com/bitcoin-struggling-to-break-higher/
Telegram channel: https://t.me/cryptopost

 

[speculator]

Bitcoin Bullish and Bearish Scenarios

Since the 14th of August, when price tested the low at $5858, Bitcoin has established an uptrend, that can be confirmed by the higher highs and higher lows. The strong support has been established at $6256, which has been rejected multiple times, with the most recent bounce occurred on the 23rd of August.

Yet, clear indecision is dominating, considering the fact that price broke first above the triangle patter and then below it. Nevertheless the 61.8% Fibonacci support has been rejected, and bullish scenario at this point is more favorable.

Recently strong resistance at $6500 has been broken, which today has acted as the support. Therefore, while BTC/USD is above this support, buyers could start to take more and more action, pushing price higher, perhaps towards the strong psychological resistance at $10k area.

On the downside, if Bitcoin breaks below the $6500 level, and then below the triangle patter once again, ten price is likely to test $6256 support, and potentially go even lower. At this stage bullish scenario should be invalidated and either a downtrend or a consolidation might be the case.

Source: http://cryptopost.com/bitcoin-bullish-and-bearish-scenarios/
Telegram channel: Bitcoin Bullish and Bearish Scenarios

 

[speculator]

AdEx VS Bitcoin – Time for a Trend Reversal?

Since the beginning of January AdEx has been loosing in value against the Bitcoin. Price has decline from 25k satoshis down to the recent low at 2.5k satoshis, resulting in a x10 time price drop, which is a 90% loss.

On the 15th of August, when ADX/BTC hast reached the bottom at 2.5k satoshis, AdEx has tested the lower trendline of two descending channels, which were rejected simultaneously. The interesting moment is that new Fibonacci Time Zone cycle has just started, exactly at the date when ADX reached the recent low.

It is very likely, that if current low will hold, AdEx could be on its way to establish a long term uptrend, or a strong corrective move north at the very least. Price is expected to reach strong resistance that is seen at 13.7k satoshis area, confirmed by 76.4% and 50% Fibonacci retracement levels.

The upside target also corresponds to the uptrend trendline and the next Fibonacci time zone cycle, which will start on the 12th of January 2019. Therefore, the upside potential is 450% with the time horizon of 5 months.

But at the same time price could reach the upside target earlier, that could be the confirmation of a strong bullish move up until the January 2019. Price could reach and surpass the previous all-time high, established back in August 2017, when price almost reached 60k satoshis.

Source: http://cryptopost.com/adex-vs-bitcoin-time-for-a-trend-reversal/

 

[Zack King]

anyone have predictions for XRP april 2019 ?

 

[Zack King]

does XRP have the potential to override BTC this year ?