Cryptocurrency Trade Ideas and Latest News

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NameCoin 400% Growth Potential

On the 18th of March, Namecoin found the bottom at $1.37, where it rejected the uptrend trendline. Price consolidated at that area for almost a month, but yet, failed to close below that low.

Following wave up resulted in a 100% growth over the USD and break above the 200 Moving Average. However, NMC/USD corrected down and currently could be forming a double bottom at the very same support of $1.37, that yesterday has been rejected cleanly.

It is also important to mention that RSI oscillator formed a bullish divergence on a daily chart, following by the downtrend trendline breakout of the RSI indicator. This could be the bottom for the Namecoin, while beginning of the growth is just around the corner. NMC could reach $3 area in a relatively short period of time, where the first resistance is based. But the final upside target could be as high as $6.74 (a 400% growth), that is confirmed by two Fibonacci retracement levels.

The downtrend could only continue after the daily break and close below the key support at $1.37. While the price is above, it is more likely that the trend will start reversing to the upside.

Source: http://cryptopost.com/namecoin-400-growth-potential/

 

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VIBEHub vs Bitcoin has to Confirm the Uptrend

After reaching 3700 satoshis high, VibeHub established the downtrend, breaking below the ascending channel followed by the uptrend trendline breakout. Fibonacci applied to the corrective wave up after each breakout shows that VIBE/BTC reached the support level at 1500 satohis after which price went sharply up.

VibeHub broke above the short-term downtrend trendline, but it rejected the longer-term trendline. In order for the price to start a correctional wave up or perhaps to establish an uptrend, it has to break and close above the recent high, that is 1756 satoshis.

But if Vibe stays below that resistance and breaks lower than the recently established low, then the downtrend continuation could take place. To summarize, it is important to watch the break above 1756 or break below 1480 satoshis, that should shed some light about further price direction.

Source: http://cryptopost.com/vibehub-vs-bitcoin-has-to-confirm-the-uptrend/

 

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Clams Facing Massive Support

Today CLAMS has reached 11 months low, hitting $2.27 level. This is the key support level for CLAM/USD, that has been rejected for at least 4 consecutive times during the past year. During that year price has moved in cycles, producing up and down waves.

If this cycle will continue the next wave could be starting shortly and confirmation of that could be the break above the descending channel.

At this stage price could either start to consolidate, move slightly lower, potentially to test $2 psychological support, or start a sharp rise. But it is certainly an interesting timing for CLAMS, and if support are will hold and price will stay above the $2, price might go up towards the previous support level at $13 area.

Source: http://cryptopost.com/clams-facing-massive-support/

 

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Request Network VS Bitcoin Upside Target

Request Network Token has found the support at 1300 satoshis. The support is confirmed by the 527.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.

The support was rejected cleanly followed by the strong growth resulted in the break above the downtrend trendline. But REQ/BTC failed to break above the 50 Moving Average, that currently acting as the resistance.

Currently REQ might start to consolidate between 1300 support and 1700 satoshis resistance and it is important to watch for the break above the resistance in order to expect further growth. When/if that occurred, price is likely to move up, towards the 50% Fibonacci retracement at 2350 satoshis. At the same time break and close below the support could result in a continuation of the downtrend.

Source: http://cryptopost.com/request-network-vs-bitcoin-upside-target/

 

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Crown VS Bitcoin Bullish Divergence

Today Crown has formed the bottom at 8365 satoshis, prior to which price broke above the descending channel. Nonetheless, it failed to break above the 8/1 Gann Fan trendline which formed the resistance at 12700 satoshis high.

The interesting point is that RSI has already formed a bullish divergence and at the same time broke the downtrend trendline, which could mean that CRW/BTC have some intentions to reverse to the upside or produce a corrective wave up.

Although price could go below todays’ low, it is still seems like the buying opportunity is just around the corner. But to confirm this it is better to way for a break and close above the 12700 satoshis resistance. Only then the corrective wave up should follow, which could result in a growth towards one of the previous resistance levels, either 20200, or 37000 satoshis.

Source: http://cryptopost.com/crown-vs-bitcoin-bullish-divergence/

 

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Agrello VS Bitcoin Still trending Down

It seems that Agrello downtrend is still valid, since on the last wave up, price failed to produce higher high. But it actually rejected the 2/1 Gann Fann trendline and 427.2% Fibonacci retracement level at 1884 satoshis.

There are two downside targets / support levels to watch, the nearest is 627.2% Fibs, that is 1550 satoshis. If that support will be broken, price is likely to go lower and test next Fib support at 1377 satoshis, that is 727.2% Fibonacci level.

The trend would only be able to reverse to the upside if price breaks above the 2k satoshis resistance. Otherwise bull should dominate DLT/BTC at least for the short period of time.

 

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BitBean VS Bitcoin Hitting The Bottom

Today BitBean has reached the low, hitting 57 satoshis level. There it has rejected the 88.6% Fibonacci retracement level as well as reached the bottom of the descending channel, and rejected it.

The RSI oscilator shows the bullish divergence which could mean that the bottom has been reached and price could start to move upwards. While the support is holding the reversal probability remains extremely high, providing a strong buying opportunity with a very good risk/reward ratio.

BITB/BTC could reached one of the previous resistance levels, that correspond to the extended descending channel upper trendlines. First resistance is seen at 105 satoshis, and second at 158 satoshis. These are only nearest resistance levels and potentially price could go much higher producing a new all-time high.

Daily break and close could invalidate bullish outlook and should be used as an excit signal from the long trade. If/when that happens downtrend should continue, sending the price lower, perhaps down to 20 satoshis area.

Source: http://cryptopost.com/bitbean-vs-bitcoin-hitting-the-bottom/

 

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CLAM vs Bitcoin Increased Volatility

Recently CLAM has been trading under the increased volatility and on the 24th of June price produced a spike in both direction, up and down, with the range of 75%. Prior to the spike, the double bottom has been formed at 36180 satoshis, although after the volatility price failed to close below that support level.

Today CLAMS/BTC gained over 15% and went from the 36180 support up to the current price at 40800 satoshis. The interesting point is that CLAM is trading right at the downtrend trendline and produced a high at 42323 sats. Break and close above this resistance should push price further up towards the 61.8% Fibs at 47k satoshis.

If that resistance is broken, further uptrend should be expected, this time it could rise towards the previous high at 60k satoshis. And only break and close above that resistance could suggest the beginning of an uptrend, rather just a corrective wave up.

Source: http://cryptopost.com/clam-vs-bitcoin-increased-volatility/

 

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TenX Pay Token Hitting Resistance

TenxPay Token has formed a double bottom at $0.45, after which price went up sharply. During the past three days, PAY/USD gained 111%, while rising from the $0.45 support up to the $0.96 resistance.

The resistance is confirmed by 38.2% Fibonacci retracement and today it was rejected, along with the 200 Moving Average and middle trendline of the descending channel. Currently it looks like $1 psychological resistance could play a key role in further price development.

But the fact is that the resistance has been rejected and at this point the correction down is possible. Price could decline towards 23.6% Fibs support at $0.76, or if broken, down to either $0.55 or $0.45.

On the upside, if daily close will be above the $1 price should continue moving higher towards one of the resistance levels. First is 61.8% Fibs at $1.27, and second is 76.4% Fibs at $1.46. Break and close above the $1.46 resistance, along with the upper trendline of the descending channel could signal on the beginning of the strong uptrend, while rejection should result in a correction or even a downtrend continuation.

Source: http://cryptopost.com/tenx-pay-token-hitting-resistance/

 

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Edgeless Hitting Resistance Level

After Edgeless coin hit the bottom at $0.267, back on the 29th of June, price went up and broke above the 50 Moving Average. But price found the resistance at 61.8% Fibonacci retracement level, that is $0.37.

Currently EDG/USD is right at the downtrend trendline, which if rejected, could result in the correctional move down or a continuation of a downtrend. At the same time, price might close above the recent high at $0.377, which would result in a break above the Fibonacci resistance and the trendline.

In this case uptrend continuation will become highly probable and should send Edgeless coin up to the next resistance level, that is 38.2% Fibs at $0.46. This resistance could play a key role in further price development as the daily break and close might confirm the uptrend and eventually send the price to the new all-time high.

Source: http://cryptopost.com/edgeless-hitting-resistance-level/

 

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Aragon VS Bitcoin 30% Fast Growth Potential

Aragon found the bottom at 24.5k satoshis, where it produced a spike, back on 27th of June. Price then went up and recently broke above the 50 Moving Average as well as the descending channel.

These are the first signals of a potential corrective move upwards, especially as the 50 Moving Average is now acting as the support. The buying opportunity could have presented itself and ANT/BTC might correct up, towards one of the Fibonacci resistance levels.

First resistance is at 36k satoshis area, confirmed by two Fibonacci levels. Break and close above it should push price higher, towards the key resistance located at 40k satoshis area. Not only this is a 50% Fibs level, but also the price where previously 50 MA was rejected, not to mention a strong psychological level.

The downside risk at this point is low in relation to the potential corrective move upwards, but if Aragon will close below 24.5k satoshis support, this would invalidate bullish outlook, where the downtrend is likely to continue.

Source: http://cryptopost.com/aragon-vs-bitcoin-30-fast-growth-potential/

 

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Bitquence VS Bitcoin Falling Down

Bitquence recently found the high at 33650 satoshis, after which price went down sharply. It broke below the 50 Moving Average and then penetrated the uptrend trendline, suggesting the continuation of the move down.

The Fibonacci applied to the corrective wave after breaking the trendline and the moving average, shows that BQX/BTC rejected the 127.2% level twice, that is 25450 satoshis, after which price produced a new lower low.

Currently the downtrend continuation seems imminent and price is very likely to decline towards the key support at 20.5k satoshis area, that is confirmed by two Fibonacci retracement levels. First is 76.4% and second is 327.2%.

Only break above the 25.5k satoshis resistance level could invalidate bearish outlook and result in the continuation of the uptrend.

Source: http://cryptopost.com/bitquence-vs-bitcoin-falling-down/

 

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Cofound.it VS Bitcoin Still Falling Down

Cofound.it downtrend seems to be still intact as price continues to produce lower lows and lower highs. After finding the recent high at 675 satoshis, CFI/BTC price fell down and broke the 50 Moving Average and the uptrend trendline suggesting the continuation of the downtrend.

Today price produced a new lower low, and while the downtrend is expected, small correctional move up is also possible. But overall, Cofound price could drop as low as 420 satoshis, which is a strong support confirmed by two Fibonacci retracement levels and the downtrend trendline.

It is also worth mentioning that back on the 29th of June CFI formed a double bottom at 515 satoshis, and currently it is trading near that level. Therefore while the downtrend is still valid, if the current support level holds, price could correct up strongly, or even reverse.

Source: http://cryptopost.com/cofound-it-vs-bitcoin-still-falling-down/

 

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Steem VS Bitcoin Trying to Break Higher

Steem has tested the bottom on the 30th of June, where price hit 16.7k satoshis low. After that price went up sharply breaking above the downtrend trendline and reaching the high at 22.4k satoshis.

The upside move resulted in a 34% Gain against the Bitcoin, and it seemed that STEEM/BTC is about to break even higher. However, price has rejected the 200 moving average and corrected down to the 78.6% Fibonacci support at 17.9k satoshis.

Currently STEEM is stuck between the Moving Average and the 17.9k satoshis support. At this stage consolidation could continue as STEEM does not have any directional pattern at this moment. But at the same time break above the 22.4k satoshis could be the first sign of a potential trend reversal or a strong corrective move up.

On the other hand, if the Fibonacci support is broken, STEEM is likely to re-test the 16.7k low and perhaps go even lower. Although buying opportunity is very tempting, perhaps safer trading would suggest to wait for the resistance breakout.

Source: http://cryptopost.com/steem-vs-bitcoin-trying-to-break-higher/

 

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Monaco VS Bitcoin, How Far Down?

On the 26th of June, Monaco coin has formed a strong bottom at 75k satoshis, after which price started to move up, resulting in a healthy 105% gain over the Bitcoin. MCO/BTC has reached the 154k satoshis high, after which a sharp correction down has begun.

The question is; how far Monaco would correct down, and whether it is only a correction or a trend reversal? On a shorter timeframe it does look like a downtrend, although on the medium timeframe it still looks like a correctional move down.

Price is very close to the strong psychological support, that is 100k satoshis level, and at the same time this is 61.8% Fibonacci retracement. Considering the fact that MCO broke below the lower trendline of the extended descending channel, price yet to move lower to hit 100k satoshis. At this stage consolidation could take place, but if the support is broken, the downtrend should continue towards 76.4% Fibs at 90k satoshis.

But, if the support will hold, Monaco could start a very strong uprisal, which could push price above the 155k level. On the downside, if the 90k support will be broken, the downtrend might continue, where MCO will decline to 75k satoshis support.

Source: http://cryptopost.com/monaco-vs-bitcoin-how-far-down/
Telegram channel: https://t.me/cryptopost

 

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Bitcoin could be heading towards USD 9k

Following the previous idea on Bitcoin, the 4/1 Gann Fan has been rejected, along with the 61.8% Fibonacci retracement level at $6170. BTC/USD started to move up and currently reached the 61.8% Fibs at $6550.

This is a very strong resistance for Bitcoin, because it is also corresponds with the 200 Moving Average. In order for the uptrend to begin, price has to break and close above both, $61.8% Fib resistance and the 200 Moving Average on a daily time-frame.

Break above should confirm Bitcoin bullish intention and could send the price up to the $8820 resistance, that is confirmed by two Fibonacci retracement levels and corresponds to the uptrend trendline.

But, if the current resistance will hold, the consolidation could take place. BTC/USD could be trapped between $6170 and $6550 for some time. In this case break above the resistance or below the support would determine further Bitcoin direction.

Source: http://cryptopost.com/bitcoin-could-be-heading-towards-usd-9k/
Telegram channel: https://t.me/cryptopost

 

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Salus Coin Triple Bottom Formation

On the 12th of July Salus coin has tested $21 support level, which has been rejected for the third consecutive time since 24th of June. The triple bottom has been formed and price went up breaking above the 50 Moving Average.

While the strong bottom has been formed and MA breakout occurred, the correction to the upside could be expected. There are several resistance levels to watch, first is the $32 area, where price bounced previously two times. Second is a 61.8% Fibonacci retracement level at $36. And final upside target is at 76.4% Fibs at $40.

The $40 price seem to have the most resistance as previously it already acted as the resistance and besides, it is a round psychological number. If/when this target is reached, the potential growth would be 60% from the current price, which is quite a strong growth, considering that this is a short to medium term opportunity.

Having said that, downside risk remains, but only daily break and close below the established low at $20 could invalidate bullish outlook and result in a continuation of the downtrend.

Source: http://cryptopost.com/salus-coin-triple-bottom-formation/
Telegram channel: https://t.me/cryptopost

 

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Bitcoin Hitting The Resistance

Following the previous idea on Bitcoin, price rejected the 61.8% Fibonacci retracement level at $6170 and broke above the resistance resulting in a strong growth. Today BTC did hit $7560 high, resulting in a 25% growth in less than a week time.

The interesting point is that price has reached the 88.6% Fibonacci retracement level, which is the first resistance for Bitcoin. The resistance corresponds to the uptrend trendline, suggesting the strength of the current level.

In order for the Bitcoin to continue moving higher, current resistance must be broken, with a daily break and close above $7562. When/if that occurs, Bitcoin growth should continue, while the next potential upside target is seen at $8820.

On the other hand, if the resistance will hold, Bitcoin enter the consolidation between $7550 and $6170, which might result in a corrective move down. But all-in-all the upside momentum seem to be strong, now its just time to wait for a break above.

Source: http://cryptopost.com/bitcoin-hitting-the-resistance/
Telegram channel: https://t.me/cryptopost

 

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Ignis VS Bitcoin Consolidation Time

Ignis formed a bottom at 774 satoshis after which price went up, and reached 1524 satoshis high. Although closing price was below the 23.6% Fibonacci retracement level at 1136 satoshis and below the 200 Moving Average.

On a correction down, IGNIS/BTC rejected the uptrend trendline, went up an rejected the 23.6% Fibs once again. It seems that IGNIS has stuck between the 774 support and 1136 resistance, without any clarity of further direction.

In order for the price to move up, close above the 1136 sats resistance is required. If/when that occurs, Ignis shall rise towards the next Fibonacci retracement level at 50%, that is 1541 satoshis.

On the downside, considering the current price action, a correctional move down might be expected. Ignis could decline towards previous support at 774 satoshis, but only if price will not break above the current resistance.

Source: http://cryptopost.com/ignis-vs-bitcoin-consolidation-time/
Telegram channel: https://t.me/cryptopost

 

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Viberate Coin Short Term View

Viberate has formed a double bottom at $0.068, with the last bounce occurred just yesterday. Price then went up by 11% and has reached the $0.075 high, where it has rejected the 23.6% Fibonacci retracement level, along with the 200 Moving Average.

It seems that $0.075 is a strong level of resistance, and in order for VIB/USD to move high, price has to break and close above it. When/if that happens, VIB is likely to move up, towards the key resistance at $0.087, that is confirmed 61.8% Fibonacci retracement level.

If the $0.087 resistance is broken, this could be the confirmation of the beginning of the uptrend, after which volume and volatility might increase substantially.

But, if resistance will hold, further price decline becomes more likely and could send Viberate down, potentially towards the $0.068 support, or even lower.

Source: http://cryptopost.com/viberate-coin-short-term-view/
Telegram channel: https://t.me/cryptopost