Cryptocurrency Trade Ideas and Latest News

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LBRY Credits Chance Of Reversal

LBRY Creadits downtrend could have come to an end, as price found the support at 0% Fibonacci applied to the uptrend trendline breakout point. The support has been rejected cleanly followed by the break above the downtrend trendline.

The chances that the corrective wave up will follow are quite high, although this could take some time. Price still could go slightly below the $0.15 support or produce a double bottom prior to moving higher. The very strong resistance area is based near $0.3 and could be the key level in the medium term future. Break above $0.3 should confirm the trend reversal, while rejection could extend the consolidation.

Source: http://cryptopost.com/lbry-credits-chance-of-reversal/

https://www.tradingview.com/x/c1jcjaIn/

 

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QuantStamp Ready To Moon

Quantstamp has found a very strong support at $0.08. The support is confirmed by two Fibonacci retracement levels. First is 38.2% Fibs applied to the uptrend trendline breakout point. Second is 127.2% Fibs applied to the corrective wave up after the trendline breakout.

Clearly the support has been rejected and price produced a double bottom on the lower time frame. This could suggest the reversal of the trend and should potentially send QSP/USD to the new all-time highs.

There are two major resistance levels that should be watched while the Quantstamp is climbing up. First is $1, that is 127.2% Fibs and also a strong psychological resistance. Second is $1.25, that is 161.8% Fibs. Break above the $1.25 resistance could result in yet another wave up, while rejection could start the correction down.

On a downside, weekly break and close below the $0.08 support should extend the consolidation, but it is unlikely that the price will go much lower.

Source: http://cryptopost.com/quantstamp-ready-to-moon/

 

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Cindicator Is Too Cheap?

Cidicator has decreased from the all-time high of $0.38, down to $0.055, loosing over 80% to the USD. However, CND/USD found the support at 88.6% Fibonacci retracement level that has been rejected cleanly.

As the support is holding it is likely that the long term uptrend will resume from this point onward and could easily multiply by 10 times, considering how cheap the token price is currently. The first strong resistance is seen at $0.58, that is 161.8% Fibonacci retracement level, and just over 10 times target from the current price.

The only way consolidation can be extended is if Cindicator weekly close will be below $0.055 and those who likes safe entry, perhaps is better to wait until CND/USD starts to produce higher highs and higher lows.

Source: http://cryptopost.com/cindicator-is-too-cheap/

 

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Factom VS Bitcoin Breaking Above

Factom continues to rejected the uptrend trendline and today FCT/BTC finally broke and closed above the downtrend trendline which suggests the beginning of a correctional wave up or a trend reversal.

The upside move could be either strong a weak depending how price will react on the fist strong resistance at BTC 0.0038. If it will be broken with confidence the next wave up should result in a growth towards BTC 0.0055 are, which is the key resistance.

Although it is unlikely for the Factom to continue the downtrend, the worst case scenario could be the move down towards BTC 0.0025 support.

Source: http://cryptopost.com/factom-vs-bitcoin-breaking-above/

 

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Ark Starting To Look Strong

Ark has found the bottom at $1.77. That is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support has been rejected cleanly, and the bullish divergence was formed on the RSI oscillator. The following wave up resulted in break above the downtrend trendline which could be the trigger for the strong move upwards.

The strong resistance is seen at 50% Fibonacci retracement level that is $6.7, and a potential 150% rise from the current price. Break and close above the resistance should confirm strong uptrend, while rejection could result in a consolidation or a correction down.

On a downside, break and close below the $1.7 support should extend the consolidation and could send price lower.

Source: http://cryptopost.com/ark-starting-to-look-strong/

 

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Bitcoin Potential in 2018

Following the previous idea on Bitcoin, $6500 support along with the uptrend trendline has been rejected twice suggesting the potential long-term uptrend continuation. Today the Bitcoin has closed above the descending channel, confirming bullish intention of the price.

The $6k remains the key support area and as it is being respected by the market Bitcoin should start rising. In 2018, Bitcoin holds great upside potential as the price could reach one of the two key resistance levels.

The first resistance confirmed by two Fibonacci retracement levels is at $23.5k, that is a 300% growth potential. The second resistance is at $37.5k level, which could result in a 540% this year along.

However, it could take some weeks for BTC to consolidate and price might produce a spike below the 6k support area, prior of the strong rise. Nevertheless the long-term trend remains bullish and it is only a matter of time before Bitcoin will establish a new all-time high.

Source: http://cryptopost.com/bitcoin-potential-in-2018/

 

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Ethereum Could Hit $2000 This Year

Ethereum has lost over 70% to the USD, after reaching an all-time high, hitting $1500 mark. It looks like ETH/USD has found the bottom at $350, where it rejected the 88.6% Fibonacci retracement level along with the 8/1 Gann Fan trendline.

The following wave up resulted in a break above the downtrend trendline suggesting increase in price in the sort to medium term. But the long term trend also remains very bullish and after slow medium term growth, price could go up exponentially. It could take another couple of months at least for Ethereum to pass the accumulation stage while price could be reaching $1000 resistance level. Break above 1k should push it up towards one of the Fibonacci retracement levels.

First resistance is at $1700, that is 127.2% Fibs Second resistance is at $2050, that is 161.8% Fibonacci. It is quite likely that Ethereum will manage to hit second target by the end of this year, thus providing a healthy 480% growth for investors.

Source: http://cryptopost.com/ethereum-could-hit-2000-this-year/

 

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ZCoin Breaking Above

ZCoin has formed a massive support at $26, which has been rejected multiple times. Looking at the larger time-frame price has formed a double bottom and broke above the downtrend trendline as well as 200 Moving Average.

The closes support is now based near $30 psychological support which is also a downtrend trendline breakout point. While the trend now seems to be bullish price could retrace back to the $30 support, although the buying opportunity is already presented.

There are several resistance level, but the key resistance is located at $75. Only break above that price should confirm a long term uptrend, prior to that the upwards move should be considered a correction.

Source: http://cryptopost.com/zcoin-breaking-above/

 

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AppCoin VS Bitcoin Break Above The Range

AppCoin has found the bottom at 3784 satoshis while forming a bullish divergence on the RSI oscillator. The started to consolidate forming the resistance at 5800 satoshis. But recently APPC/BTC managed to close above the resistance as well as 50 Moving Average.

In combination with the bullish divergence these are the first signs of a potential correction up or a trend reversal. There are two targets to watch. First is at 11k satoshis, if broken price is likely to continue rising towards the second target at 17k satoshis. And only brake above the 17k should confirm the trend reversal and would potentially send price to the new all-time high.

On a downside, price could correct down, towards either the 50 Moving Average or the uptrend trendline. But, daily break and close below the 3780 satoshis low should invalidate bullish outlook.

Source: http://cryptopost.com/appcoin-vs-bitcoin-break-above-the-range/

 

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Verge Short Term Bullish Outlook

Verge has found the bottom at $0.023, where it formed a bullish divergence on the RSI oscillator. Price then started to produce higher highs and higher lows suggesting the beginning of an uptrend.

XVG/USD broke above the 200 Moving Average and the Descending Channel, reaching $0.11 high. Although price hasn’t tested the 38.2% Fibonacci resistance level and corrected down to the 200 Moving Average where it currently found the support. From this price is it likely that the growth will continue towards the Fibonacci resistance at $0.12, which is the very first strong resistance for Verge. Break and close above that resistance should trigger stronger growth, while rejection could result in consolidation.

On a downside, XVG could still get lower towards the uptrend trendline before moving higher. But only break and close below the $0.023 support could invalidate short term bullish outlook.

Source: http://cryptopost.com/verge-short-term-bullish-outlook/

 

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Augur Short Term 80% Growth Potential

Augur has found strong support at $23, and started to move higher breaking above the downtrend trendline. But what is more important is that this week REP/USD managed to close above the 200 Moving Average, not to mention that the price continues to produce higher highs and higher lows.

The trend now seem to be very bullish and the Augur rise is likely to continue. The very strong resistance, that is potential upside target, is seen at 50% Fibonacci retracement level, that corresponds to the previous uptrend trendline. Only break and close above $75 resistance level should confirm a long term bullish uptrend. However, rejection of it, could result in a consolidation and potential correctional move down, back to the $40 area.

On a downside, price could return to the downtrend trendline breakout point, that is $27, but only break and close below the $23 support would invalidate bullish outlook.

Source: http://cryptopost.com/augur-short-term-80-growth-potential/

 

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Genesis Vision Buying Opportunity

Genesis Vision found the support at 76.4% Fibonacci retracement, which has been rejected twice, forming a double bottom. The following wave up resulted in the break above the downtrend trendline and then 200 Moving Average.

Current price action suggests a potential trend reversal or a strong corrective move up. The resistance is seen at 76.4% Fibs applied through the all-time high, that is $40 area.

On a downside, the closest support is at 200 Moving Average which has been rejected already. Price could once again test it and produce a spike below prior to the wave up. Although only break and close below the $15 support could invalidate bullish outlook.

Source: http://cryptopost.com/genesis-vision-buying-opportunity/

 

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Storm VS Bitcoin Uptrend Continues

Strom has been showing great performance recently and has already gained 90% over bitcoin since it found the bottom at 384 satoshis. Clearly STORM/BTC trend is up as price continues to produce higher highs and higher lows.

The resistance at 580 satoshis has been broken and recently has been acted as the support which has been rejected. The next potential upside target could be the double top, near 900 satoshis area.

On a downside, price could correct down to test the 580 support once again, but only break and close below the 460 satoshis could invalidate bullish outlook.

Source: http://cryptopost.com/storm-vs-bitcoin-uptrend-continues/

 

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Cardano Could Go Over $4 In 4 Months!

Cardano is one of those coins that could potentially be the next “big thing”, and many people are speaking of it that way. While the circulating supply of the coin is definitely huge, the value is determined by other factors. The solutions Cardano is trying to bring are simply brilliant and if they will succeed, the value should skyrocket and could potentially outperform Ethereum in the medium to long run.

Statistically, coins with huge potential are moving upwards buy 40 times in a strong bullish market and this could be applied to ADA/USD. The bottom has been found at $0.12, and multiplied that by 40 would give us a $4.8. Yes, this is the price for 1 Cardano that could be expected in a not so distant future, and this price corresponds to the 361.8% Fibonacci retracement level.

This target could be reached in the next 3 to 4 months if the bullish momentum will continue, and by the end of the year we could see Cardano price at $8 and above. Perhaps this is a very optimistic scenario and many would say its unreal. Just remember what people where saying about the Bitcoin when it was worth less than a $1.

Source: http://cryptopost.com/cardano-could-go-over-4-in-4-months/

 

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LBRY Credits Uptrend Continuation

Following the previous idea on LBRY Credits, price has reached the upside target, that is $0.3 resistance at 38.2% Fibonacci retracement. Not only it has reached the resistance but it broke above it, suggesting continuation of the uptrend.

The next upside target is seen at $0.64, that corresponds to the 127.2% Fibonacci retracement level as well as the crossing between the uptrend trendline and the 8/1 Gann Fan trendline. This means that the over 100% growth could be expected in a relatively short period of time.

On a downside the support is based at previuos resistance level, that is $0.3 area. In the worst case scenario LBC/USD could get back to $0.15 form a double bottom, but it doesn’t seem like the downtrend is valid, and chanced of growth are much higher than the downtrend continuation.

Source: http://cryptopost.com/lbry-credits-uptrend-continuation/

 

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Bluzelle Might Double Your Bitcoins

Bluzelle found the bottom at 3300 satoshis and started the uptrend while continued to move within the ascending channel. But recently price broke above the channel and on the corrective wave down rejected the upper trendline of the channel as well as the 50 Moving Average, suggesting the continuation of the uptrend.

The very strong resistance is seen at 14400 satoshis, which is confirmed by two Fibonacci retracement levels, 727.2% and 1127.2%. If/when this target is reached, the value of Bluzelle should double against the Bitcoin, since currently it is trading at 7250 satoshis.

On the downside, the correction down is possible and price could get back to the 5k satoshis support. Also BLZ/BTC could consolidate for a some time before moving higher. All-in-all it seems that there is an established uptrend with a high probability of a growth continuation.

Source: http://cryptopost.com/bluzelle-might-double-your-bitcoins/

 

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Eidoo VS Bitcoin To Form Double Top

Eidoo seem to be forming a head and shoulders reversal pattern. The current support is clearly at 2100 satoshis, which also was a support back in the beginning of February. Now it could be the time when EDO/BTC is forming the right shoulder and if that is the case a correctional move down could take place.

Nevertheless, the trend now seems to be bullish and price could continue moving up without a correction. The upside target is seen at 727.2% Fibonacci retracement level that is a potential double top, near 5k satoshis area.

On the downside, it is unlikely that the downtrend will continue, although as has been already mention, a correctional move down is possible to complete the H&S pattern.

Source: http://cryptopost.com/eidoo-vs-bitcoin-to-form-double-top/

 

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IOTA vs Bitcoin Price Prediction 2018

IOTA has fond the bottom near 140k satoshis that is 76.4%. At first price went slightly lower, but eventually rejected the Fibonacci support together with the uptrend trendline. Price went up and on a corrective wave down rejected the 61.8% Fibonacci support together with the upper trendline of the descending channel.,,

Source: http://cryptopost.com/iota-vs-bitcoin-price-prediction-2018/

 

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NEM Downside Correction

NEM has reached the high at $0.46 and then formed a strong resistance at the 76.4% Fibonacci retracement level, which is $0.44. The resistance has been rejected for tree consecutive times suggesting the corrective move down...

Source: http://cryptopost.com/nem-downside-correction/

 

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YOYOW Could Outperform Bitcoin By 260%

Following the previous idea on YOYOW vs Bitcoin, it has reached the upside target at 2175 satoshis and managed to close above it. At the same time YOYO/BTC continues to produce higher highs and high lows as well as rejecting the uptrend trendline, suggesting the continuation of the uptrend. After reaching the target price corrected down to 61.8% Fibonacci retracement level where it has found the support...

Source: http://cryptopost.com/yoyow-could-outperform-bitcoin-by-260/