Cryptocurrency Trade Ideas and Latest News

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Bitcoin Short Term View

Bitcoin has gained over 55% since the beginning of April, while it moved from $6425 up to $9900. The $10k area remains a key resistance for the Bitcoin as it is a very strong psychological level. As price failed to break above a correction down followed and currently Bitcoin is trading at the 23.6% Fibonacci support, that is $9225...

Source: http://cryptopost.com/bitcoin-upside-target-reveled/

 

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OkCash Downside Correction

OkCash has reached the high on the 3rd of May, hitting $0.23. The strong move down followed resulting in the break below multiple obstacles. Price has broke below the uptrend trendline, followed by the break below the 200 Moving Average and the ascending channel....

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

 

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Bitquence VS Bitcoin Does Look Strong

Bitquence starting to look strong after breaking above the downtrend trendline and rejecting the 127.2% Fibonacci support level at 32k satoshis. Price continues to produce higher highs and higher lows while rejecting the uptrend trendline....

Source: http://cryptopost.com/bitquence-vs-bitcoin-does-look-strong/

 

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Decred VS Bitcoin Growth Perspective

Decred has found the bottom at btc 0.0028 after which price started to move higher breaking above the 200 Moving Average. For the past four months price has been ranging between btc 0.01 and 0.005. Nevertheless price continues to produce higher highs and higher lows.

The last corrective wave down where price found the support at btc 0.0056, could have been the very first corrective wave of a stronger five wave uptrend. Currently DCR/BTC starting yet again to gain upside momentum and seem to be ready to produce a new high.

There are two major resistance levels that should be watched. First is 327.2% Fibonacci retracement level at btc 0.02 area. When/if that resistance is broken price is likely to continue moving higher towards the key resistance located at 267.2% Fibs, that is btc 0.032 area.

Source: http://cryptopost.com/decred-vs-bitcoin-growth-perspective/

 

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ARK vs Bitcoin Breaking Higher

ARK has formed a double bottom at 27k astoshis after which price started to move higher. ARK/BTC broke above the 200 Moving Average and has been consolidating between 33.4k satoshis support and 42.7k satoshis resistance for the past few weeks...

Source: http://cryptopost.com/ark-vs-bitcoin-breaking-higher/

 

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Aelf VS Bitcoin Uptrend Acceleration

Following the previous idea on Aelf, it has reached and broke above the upside target suggesting the continuation and perhaps acceleration of the uptrend. ELF/BTC has gained 325% since March, while the price moved from 6k satoshis support up to 23.8k satoshis all-time high.

On a corrective wave down price corrected to 14.7k satoshis, that is 50% Fibonacci retracement level that has been rejected cleanly. At the same time ELF is very close to 50 Moving Average which could act as the support as it was on the 25th of April.

While Aelf is trading above 10k satoshis psychological support price is likely to continue moving higher providing a strong growth. Because the nearest resistance, the key resistance, is at 65k satoshis, that is confirmed by two Fibonacci retracement leveles, 727.2% and 361.8%.

Nevertheless the downside risk always remains, but only break and close below 10k satoshis psychological support could invalidate bullish outlook.

Source: http://cryptopost.com/aelf-vs-bitcoin-uptrend-acceleration/

 

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Polymath VS Bitcoin Going Up

Polymath has found the bottom at 4300 satoshis after which the uptrend has begun. Price has already reached 13.5k satoshis, which has resulted in a 215% growth in just over one month. When that high has been reached, price broke above the 227.2% Fibonacci resistance with a daily close above...

Source: http://cryptopost.com/polymath-vs-bitcoin-going-up/

 

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Enigma Critical Levels

Enigma has entered the stage of consolidation after it has rejected the resistance at 38.2% Fibonacci retracement level that is $3 area. The resistance has been rejected twice. The support at 23.6% Fibs, that is $2 area, has also been rejected multiple times along with the 200 Moving Average...

Source: http://cryptopost.com/enigma-critical-levels/

 

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Kore VS Bitcoin Ascending Channel

Kore coin has found the bottom at 21k satoshis after which price started to move higher. Throughout the past 6 months, KORE/BTS has been trading withing the ascending channel and continues to rejected the uptrend trendline...

Source: http://cryptopost.com/kore-vs-bitcoin-ascending-channel/

 

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CloakCoin Might Grow x3

Looking at the long term price action, CloakCoin continues to reject the uptrend trendline, and most recent bounce occurred back in April. Price then found the bottom at $4.5 and went up sharply, breaking above the 200 Moving Average...

Source: http://cryptopost.com/cloakcoin-might-grow-x3/

 

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What Is Bitcoin Next Step?

Bitcoin range trading continues as price stays trapped between $6000 support and $11700 resistance areas. While there is no clear direction it is likely that Bitcoin consolidation phase will extend further.

Current support is based at 61.8% Fibonacci retracement level, that is $7780, and this level corresponds to the descending channel breakout point. Therefore it could be considered as a strong support which as of yet has been rejected.

While the Bitcoin stays above that support the wave up should follow and could send price up to $10 psychological resistance. Break and close above it might result in a short term uptrend where the strong resistance is seen at 50% Fibs applied through the all time high, that is $12880.

On a downside, daily break and close below $7780 could result in further decline towards either the uptrend trendline or the strong support area at $6000.

http://cryptopost.com/what-is-bitcoin-next-step/

 

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Nexium Rejecting Support

Back in April Nexium found the bottom at $0.092, after which price went up and broke above the descending channel, reaching $0.23 high. But then, in May, NXC/USD started to correct down and this time found the support at 88.6% Fibonacci retracement level, that is $0.1 psychological price...

Source: http://cryptopost.com/nexium-rejecting-support/
Telegram: https://t.me/cryptopost

 

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Humaniq Upside Reversal

Yesterday Humaniq found the strong support at $0.123. Clearly, the 78.6% Fibonacci retracement level has been rejected, along with the 8/1 Gann Fan trendline. The bounce was very clean, suggesting the potential trend reversal to the upside.

Potentially, price could increase towards the upper trendline of the descending channel, that corresponds to the 78.6% Fibs as well as the 2/1 Gann Fan trendline. Therefore the HMQ/USD target is seen at $0.28, that is exactly 100% potential gain from the current price.

The downside risk at this point is very low, however daily break and close below $0.123 support could result in a decline towards $0.1 psychological level, but not necessary will invalidate bullish outlook.

 

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Binance Coin Valid Uptrend

Back in February, Binance coin found the bottom at the 78.6% Fibonacci retracement level, that is $5.58. Since then price has been steadily rising, producing higher highs and higher lows. The recent correction from the $16.3 high, resulted in a decline towards the $12 support, where the uptrend trendline has been rejected cleanly.

The BNB/USD trend remains bullish, and after todays’ increased trading volume the price seems to be ready to continue moving higher from this point. The strong resistance is seen at 23.6% Fibs that is $18.5 and could be reached in a relatively short period of time. Break above that resistance will most likely result in a much stronger growth, while rejection would trigger a correction down.

On a downside, break and close below recent low, that is $11.6 would invalidate bullish outlook and could result in a extended consolidation or even a decline towards the $8 area.

Source: http://cryptopost.com/binance-coin-valid-uptrend/
Telegram: https://t.me/cryptopost

 

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Cardano Nearest Resistance Levels

Following the previous idea on Cardano, price has started to move up as expected. But how far can it get? Where are resistance levels?

After ADA/USD found the support at $0.17 and rejected the uptrend trendline, price should continue rising. Nevertheless, the consolidation could potentially take place where ADA will get back to the uptrend trendline.

On the other hand, the uptrend could start much sooner, resulting in the growth towards one of the Fibonacci retracement levels applied to the recent corrective wave down. First resistance is at 161.8% fibs, that is $0.53. Second target is at 261.8% Fibs, that is the key resistance level located at $0.75 area.

Break and close above $0.76 should confirm strong uptrend, while rejection is likely to trigger a correctional move down.

Source: http://cryptopost.com/cardano-nearest-resistance-levels/
Telegram: https://t.me/cryptopost

 

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Status Rejecting Second Support

On the 29th of May Status has found the support at 88.6% Fibonacci retracement, that is $0.087 level. The following wave up resulted in a break above two descending channels and reaching the high at $0.1.

The corrective wave down followed and SNT/USD yet again fond the support, this time at the 76.4% Fibs, that is $0.091. The strong support area has been formed between $0.087 and $0.091, and while it is holding, trend is likely to reverse to the upside.

Nearest resistance could be 61.8% Fibs retracement level, that is $0.15, which could provide a potential growth of 60% in the medium term. If that resistance is broken, an exponential growth by Status could take place.

It is important to watch the support area in general and $0.086 level in particular, as daily break and close would invalidate bullish outlook and could result in a decline towards the previous support at $0.074.

Source: http://cryptopost.com/status-rejecting-second-support/
Telegram: https://t.me/cryptopost

 

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Radium Value Could Multiply by x5

Radium has formed a strong bottom at $2.62 level. This level has been rejected throughout the past year, while price bounced off it at least four times. The most recent bounce occurred on the 31st of March, and price went from $2.62 up to $6.

However, the corrective wave down followed and found the support at $3.3, that is 78.6% Fibonacci retracement level, that is being rejected along with the 8/1 Gann Fan trendline. The timing for the buying opportunity seems to be very interesting as if price will stay above the support, the strong growth will be almost imminent.

There are two resistance levels to watch, first is $13.4 level, where RADS/USD formed the resistance back on 25th of January. The second, and key resistance, is at 78.6% Fibs, that is $17.75 level. If/when that target is reached, the value of the Radium will grow by 5 times, which could happen in the medium term.

To consider the downtrend scenario, price must break and close below the key support level, that is $2.62. Then the consolidation could take place and price could test $2 psychological support.

 

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Viacoin Medium Term Perspective

Viacoin seem to have found the support at 78.6% Fibonacci retracement level that is $1.5. Although price went slightly lower, and did hit the $1.42, the following wave up resulted in a break above the downtrend trendline. Then price rejected the $1.5 support for two consecutive times, that could suggest that price could start rising.

There are several resistance levels, each of which could be considered as a potential upside target. First is 50% Fibs that is $2, second is 23.6% Fibs that is $2.5. And finally $2.7 level, that corresponds to the previously formed resistance level.

Frankly, the downtrend still is valid and price hasn’t started to produce higher highs and higher lows. But only break and close below the $1.5 support would invalidate bullish outlook and the downtrend might continue.

Source: http://cryptopost.com/viacoin-medium-term-perspective/

 

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Counterparty Rejecting Long-Term Trendline

At the beginning of April Counterparty rejected the long-term uptrend trendline. The price went up from $10 to $23, after which another corrective wave down followed. At the end of May, Counterparty rejected the long term uptrend trendline once again suggesting yet anther wave up.

The resistance is seen at $31, which is confirmed by two Fibonacci retracement levels. First is 161.8% Fibs applied to the current corrective wave down, where the trendline was rejected. Second Fibs applied from October low, up to the all-time high, and it is 76.4% Fibs.

It seems this is a key resistance level, break of which could confirm a long term uptrend, while the rejection might result in a strong corrective wave down.

The downside risk still remains, but to confirm XCP/USD bearish intentions, price has to break and close below $9.5 level. In this case Counterparty could continue moving lower, or extend the consolidation period.

Source: http://cryptopost.com/counterparty-rejecting-long-term-trendline/

 

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Bitcoin Should Breakout Soon

Since February, when Bitcoin found the low at $6k, price continues to consolidate within the triangle patter. Currently BTC/USD is trading very close to the uptrend trendline and the support level at 78.6% Fibonacci retracement level.

Could it be the turning point for BTC? Yes, it certainly could be. Current price seems very attractive and could provide a good buying opportunity for the medium to short term investors. While BTC stays above $6k, the probability of the uptrend remains very high. There are two resistance areas where the Bitcoin could be heading towards, first is $13k and second $18.5k. Both of them are confirmed by Fibonacci retracement levels.

Only if BTC will break and close below $7k, price could reach $6k support once again, which is a key support. Break below $6k should invalidate bullish outlook and might result in a decline towards $4k area.

http://cryptopost.com/bitcoin-should-breakout-soon/