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Today's Top Crypto Coin Market Price Analysis:

Here is the April 12, 2019 crypto price predictions for the top tokens of today:

Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) Analysis: Today's Top Price Prediction

First, make sure you click on today's post above to see all of the latest coin price action. Second, we have combined all of our top past analysis by date to see the market snapshots.

Latest Cryptocurrency Market Value Forecasts:

Here is yesterday's bitcoin and altcoin price prediction forecast followed by all prior analysis.

Crypto Price Analysis: (BTC,ETH,LTC,BCH): June 7, 2019

Bitcoin (BTC) Forecast

The price of Bitcoin has increased from yesterday low at $7580 to $7980 at its highest point today which is an increase of 5.25% but is currently being traded slightly lower and is struggling to keep up the upward momentum.

As you can see the price came above the ascending triangle's resistance level and continued moving to the upside until it came to the next minor resistance point at the prior downside moves 4th wave where it found resistance which is indicated from the wick on the upper side of the last couple of hourly candles. From here the increase is likely to continue to some of the more significant levels which have been pointed out in my previous analysis and are at $8140 and the next one at $8500.

If we are seeing the development of the higher degree 4th wave out of the five-wave move from last Thursday, the increase would end as a rejection at the first significant level at $8140 but if we are seeing another kind of upside correctional movement the increase could continue to the second at $8500 before the next downturn.

In theory, there is still a possibility of another higher high before the downtrend which could bring the price of Bitcoin to $9400 are around the 0.382 Fibonacci level for interaction but as the market is currently overruled with a bearish sentiment I don't believe that's likely. More likely we are seeing the first wave out of the developing downtrend in which case it would end as a five-wave move with the price getting rejected at around $8140 and going down further to the 0.236 Fibonacci level at $7056 which would be its 5th wave.

As this would be only the first wave further low would be expected for the price of Bitcoin and the first significant support zone is around $6250 which was a significant horizontal resistance point on the way up.

Ethereum (ETH) Forecast

From yesterday’s low at $238.22 the price of Ethereum has increased by 5.73% as it came up to $251.88 at its highest point. The price is currently being traded slightly lower but is still above the previous minor horizontal resistance at $247.

On the hourly chart, you can see that the price has started moving to the upside but is struggling to keep up the upward movement at the first downfall level made last Thursday. This may be the 4th wave of the five-wave move to the downside from last Thursday in which case the price cannot go any further than it already had, so we could see an immediate depreciation in price but since we have seen some bullish recovery in the market I believe that the price is likely to continue moving to the upside a bit further to the 0.236 Fibonacci level at $260.

This would be the third wave of the correctional upside structure after which further downside continuation would be expected, but if the price exceeds the Fibonacci level and continues moving to the upside we could see it retesting the $273 horizontal level before further downside.

Litecoin (LTC) Forecast

From yesterday's low at $102.3 the price of Litecoin has increased by 11.9% as it came up today to $114.47 at its highest point today. The price is currently being traded at $113.2 as it found resistance at the expanding channels resistance level and is now back inside its territory.

Looking at the hourly chart, you can see that the price interreacted with the channels resistance level ending as a rejection which means that now we are likely to see a downside move with the price coming at first to the $109.35 which was surpassed on the way up and then further to the downside if we have seen a corrective increase like presumed.

The other possibility would be that the price would continue increasing after it finds support at $109.356 level and starts moving above the expanding channel's resistance level but I wouldn't expect it to go above the 0 Fibonacci level which is at $118.945 which is the prior high's ending point. Above prior high is another significant horizontal resistance level at $122.32 and is the upper level of the resistance zone. As the price struggled to come to this upper level when the buyer's momentum was stronger I wouldn't believe that I could do so now that the bearish has shown to be stronger.

If we have seen the first downside structure from last Thursday, the currently seen upside movement would be it's second with the next one to the downside shortly to be expected. The first area of most significance for support would be at around $83, above the 0.382 Fibonacci level as it was proved to serve as strong support.

Bitcoin Cash (BCH) Forecast

From yesterday’s low at $377 the price of Bitcoin Cash has increased by 6.7% as it came up to $402.2 at its highest point.

Looking at the hourly chart, you can see that the price came up to the significant resistance level of the descending channel in which it is since last Thursday when the downfall started. As we have likely seen the completion of the 5th wave of a higher degree count, a downtrend has started.

The decrease seen from last Thursday could develop in a five-wave manner in which case the increase seen from 5th would be its 4th wave. The price hasn’t entered the territory of the 2nd wave whole pivot level is at $413 so another interaction with it before another lower would could be seen as an optimal scenario.

Conclusion

Correctional upside movement which was expected has started developing with the prices almost reaching or in the case of Litecoin reached their significant resistance levels so another minor increase would be expected but another downfall over the weekend.

Author: Nikola L

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Crypto Price Analysis: (BTC,EOS,LTC): June 6, 2019

Bitcoin (BTC) Live Price and Analysis

From yesterday's open at $7508 the price of Bitcoin has recovered slightly but hasn't come up above $7865 where it found minor resistance. The price is currently being traded at around those levels as another attempt is being made for the price to exceed those levels.

On the hourly chart, you can see that the price action of Bitcoin formed an ascending triangle from yesterday's open as higher highs have been made but the resistance remained at the same horizontal point as the sellers are putting pressure there. Prior to the formation of the current cluster, we have seen a decrease of 14.52% in a five-wave manner which is the third wave to the downside from last Thursday.

This indicates that now we are likely to see a recovery as the 4th wave would be the one to the upside and the previous five-wave one has ended. This is why I would be expecting a breakout to the upside from the currently seen cluster. If the price goes to the purple interrupted level at $8140 and gets rejected there it would mean that the small recovery was the 4th wave out of the higher degree five-wave move which started last Thursday when the first significant downfall of over 9% has been made and would be a stronger indication of the starting downtrend with the price forming another lower low.

If the increase continues past the mentioned level it would mean that the decrease seen from last Thursday ended as a three wave move in which case the decrease was seen could still be the part of the 4th wave of the Minute count with another higher high ahead and potentially an interaction with the 0.382 Fibonacci level. But if the price gets rejected at around $8500 it could mean that a more complex correction has started to form.

In either way, the price of Bitcoin is expected to go significantly lower after some recovery has been made as the 5th wave of the Minor count has been completed or is near completion. The most significant support zone with whom the interaction would be awaited would be at around $6250 which was a major resistance point on the way up and highly significant horizontal area. If the price breaks the level and continues moving to the downside the next significant support area would be at $4300-4100 but we are yet to see if the seller's momentum would be strong enough to push the price that low.

Litecoin (LTC) Live Price and Analysis

The price of Litecoin has been decreasing from Monday with strong momentum. The cryptocurrency has depreciated in value by 14.61% from Monday's high at $115.52 to the low at the yesterdays open at $98.64 which is the weekly low so far. The price is currently being traded at around $104 as it found some temporary support.

On the hourly chart, you can see that the price of Litecoin interacted with the still unconfirmed ascending trendline after which it started forming a cluster above the level which is now starting to look like an ascending triangle with the price stuck below $105.455 resistance level from the upside but higher lows have been made. This indicates that the buyers are trying to make a recovery buy the sellers are putting strong pressure on the same horizontal level.

If the buyers manage to catch up some traction and regain control temporarily we are going to see a breakout to the upside from the currently seen ascending triangle but I don't believe that the upward movement would continue past the next significant resistance point which would be at around $109.35 which is the significant horizontal level above which it is considered to be the sellers territory. The next significant resistance point would be at the formed expanding channel to the downside but if the price takes some time to get to the upside it could bring this level lower since it is a descending one, closer to the previously mentioned significant horizontal one and would eventually intersect it.

Last Thursday we have seen the end of the five-wave impulse to the upside which is the sub-wave of the higher degree 5th wave of the Minute count. If this impulse wave ended it means that even a higher degree count has completed with the price starting a downside movement either as a correctional one or a higher degree downtrend. The first significant support zone I would expect to see the price of Litecoin after a corrective upside movement would be at around $83 area, but if we are seeing the starting downtrend this support point would only be the first one with the price eventually going below it as well.

EOS Live Price and Analysis

From Saturday the price of EOS has been in a downtrend and decreased by 29.7% coming from $8.6 to $6 at its lowest point of the week on yesterday's open. The price has started recovering since but has only come up to $6.52 before showing signs of struggle as the sellers have pushed the price back to $6.27 level again with the price currently being traded there.

Looking at the hourly chart, you can see that the price is looking for support around the 0.236 Fibonacci level as it came below it on yesterday's open but quickly pulled back up and has been retesting it since. The price prior to the downfall made a higher high coming to $8.66 at its highest point which was the ending of the 5th wave from every count which means that we are seeing the development of the downside move which follows the completion of the impulsive move.

Now that the price has decreased by over 29% in one go, we are likely to see a recovery attempt. The price fell below $6.8 significant horizontal support so interaction with it from the downside for a retest of resistance looks likely but the price could continue moving above it if the buyers catch enough momentum and if the price continues moving above it the next significant level would be around half range of the previous decrease which would be at $7.33.

After this recovery ends, more downside would be expected for the price of EOS if the downtrend has started with the next significant support zone being at around $4.6

Conclusion

The prices of the major cryptos have been in a recovery from yesterday’s open but struggled to exceed the minor horizontal resistance which caused the formation of a cluster. A breakout to the upside would be expected but now for much longer as the first significant resistance points are very close.

I would be expecting to see that the prices get rejected at those first resistance points and propel the price into further downside trajectory.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC): June 5, 2019

Bitcoin (BTC) Live Price and Forecast

From yesterday's open at $8462, the price of Bitcoin has decreased by 11.19% as it came down to $7514 at its lowest point today. Since today's low, the price has started recovering and reached $7930 but is currently being traded around $7876.

On the hourly chart, we can see that yesterday's open was on the ascending support level from the channel in which it was since the 11th of May. The price fell below it moving further down below the second horizontal level (purple interrupted line) which was the minor resistance point on the way up and later served as support on the first downfall from last Thursday. The sellers have managed to push the price inside the lower range in an impulsive five-wave manner which indicates that the downtrend has started.

Now that the three waves have developed to the downside from last Thursday we are likely to see an upward correction developing. If we are seeing the development of the first five-wave move to the downside from the staring downtrend, the expected move to the upside would be its 4th wave and in that case cannot go above the interrupted purple line at around $8130 after which the 5th wave to the downside should develop.

If we are seeing some complex correction developing the three-wave move from last Thursday could be the first structure with the expected upside move being it's second in which case the increase could continue to $8500 level which is the next significant resistance point. I was expecting an interaction with the 0.382 Fibonacci level before the completion of the bullish upswing but it hasn't occurred so another possibility could be that we even see a corrective upside move to it but I don't believe that's likely.

Ethereum (ETH) Live Price and Forecast

The price of Ethereum has decreased by 5.55% from yesterday’s open at $249.35 coming to $235.5 at its lowest point but is currently trading at $244.3 as a small recovery has been made to the levels of the yesterday’s open where the price found resistance again and has pushed lower.

Looking at the hourly chart, you can see that the price came down below the 2nd waves of the previous impulse ending point and found support around the vicinity of the higher degree’s 4th wave’s ending point. This invalidates the possibility of a further increase before the starting downtrend which means that we are most likely seen the first three-wave movement from last Thursday out of the expected downside move.

If the price has started its awaited downside move the price is now headed significantly lower to some of the broken resistance levels but there could still be a possibility that the increase might continue if we are still seeing the MInute 4th wave developing as a prolonged three-wave complex correction which I don’t believe is likely.

From last Thursday three-wave move to the downside have developed and if we are seeing the start of a downtrend it should develop in a five-wave manner. As it looks like the decrease which started on Sunday ended an increase to the upside would be expected to start but only as a small correctional one which isn’t going above the 0.236 Fibonacci level.

If the price goes above the 0.236 Fibonacci level we could see the price exceeding the prior high as it would mean that the structure made from 16th of May until today was the 4th wave out of the Minute count.

The first significant zone the price would be expected to go to would be at around $200 depending on the momentum behind the sell-off. The next one after that would be at around $174.

Litecoin (LTC) Live Price and Forecast

From yesterday's open at $105.664 the price of Litecoin has decreased by 6.56% today, coming to $98.7 at its lowest point. The price is currently being traded at $101.96 after it came back to the levels of the yesterday's open and found resitance there causing it to start moving to the downside again.

On the hourly chart, you can see that the price found support on the still unconfirmed ascending support level out of the previous rising period. From last Thursday the price has moved in a three-wave manner but with the previous move could have been a five-wave one which has made an expanding channel to the downside. We have likely seen the completion of the first downside structure with the price now expected to move to the upside on a minor correction, likely ending as interaction with some of the significant resistance levels.

The first significant resistance would be at $109.356 horizontal level which is considered as the starting point of the resistance zone. The next one would be at the expanding channel's resistance which would be slightly above the prior level but if the interaction takes a bit longer then projected the levels could intersect on the interaction which would bring the resistance point back around the vicinity of $109.

As we have likely seen the ending of the five-wave impulse from 29th of April a breakout to $83 area would be expected shortly which is the first significant support area. As this mentioned impulse from 29th is the sub-wave of the ending 5th wave of a higher degree count the price is likely to continue moving past $83 further to the downside as we are seeing the development of the higher degree downside move.

Conclusion

The prices have continued moving to the downside from yesterday but have reached their minor support point which is why now a corrective increase would be expected. If we are seeing the starting downtrend the expected upside move cannot go above their broken support point on the way down and would likely get rejected at the interaction.

If the prices shortly start another downside it would likely mean that they are going back to the significant resistance point on the way up for a retest of support.

Source – Coin360.com – Click to see a full-size imageAuthor: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,XRP): June 4, 2019

Bitcoin (BTC) Live Price and Forecast

From yesterday's high at $8742, the price of Bitcoin has decreased by around 10% today as it came down to $7856 at its lowest point. Over the weekend we have seen the price reaching $8970 and has expected to continue potentially increasing for another minor higher high and interact with the 0.382 Fibonacci level at around $9400 after the higher degree downturn starts.

The price has fallen below the significant horizontal support at $8500 and broke the ascending support trendline made by the previous upside move. This could be an early indication that the expected downturn has started as the price fell outside the territory of the ascending structure in a three-wave manner. The interaction with the 0.382 Fibonacci level might still occur but it looks less likely at the moment as the five-wave impulse looks like it ended.

If we have seen the completion of the five-wave impulse which is the sub-wave of the 5th wave from the Minor degree the decrease seen from last Thursday could be the starting downtrend with the first three-wave structure developing to the downside. As the price bearly made a higher high last Thursday coming up spiking it looked like another increase would occur. This could still happen if the ascending structure is still the 4th wave's correctional movement developing but as the price fell to the 2nd wave's ending point it will more likely not happen.

The price is now expected to go down to some of the broken resistance levels on the way up, out of which the first significant zone would be around $6250.

Ethereum (ETH) Live Price and Forecast

The price of Ethereum has decreased by 9.77% from yesterday’s high at $269.65 to today’s low at $243.31. The price is currently being traded at $250 and is trying to start recovering with the clear signals of some temporary support reached, indicated by the large wick on some of the hourly candles.

Looking at the hourly chart, you can see that the price has made a lower low which could be an early indication that the downtrend has started after the price completed its five-wave move to the upside.

The price fell inside the territory of the ascending structure which was broken and now that it has it will likely go to its support levels around the intersection with another significant ascending trendline.

This would bring the price of Ethereum back to about $213 but if we are seeing the higher degree downtrend like presumed the price is headed significantly lower after some upside correctional movements.

Ripple (XRP) Live Price and Forecast

The price of Ripple has decreased by 12.36% from yesterday's high at $0.46 as it came down to $0.4035 at its lowest point today. The price is currently being traded at around $0.412 slightly above today's low. As the shart decrease has been made it could be an early indication of the starting downtrend which was expected but the price hasn't exceeded the previous high last Thursday which makes this possibility still in play.

Looking at the hourly chart, we can see that the price of Ripple fell below 0.786 Fibonacci level which served as support but hasn't come down to the 0.618 Fibonacci level. This means that unlike in the case of Bitcoin, the price of Ripple hasn't entered the territory of the 2nd wave out of the last impulse to the upside and we could potently see another increase from here if this movement is the 4th wave's correctional structure.

Interaction with the 1.272 was expected before the starting downtrend and as the price hasn't gone above the May 16th high it could still do so. The other possibility would be that the 5th wave ended as truncation with the last Thursday's high being its end in which case the three-wave movement seen from there would be the first structure out of the starting downtrend. If this is true we are now likely to see a higher degree move to the downside to some of the significant support level.

The most significant support level would be around $0.348 at 0.382 Fibonacci level which served as significant resistance on the way up, so if the price is to pullback for an establishment of support interaction with the mentioned level would be awaited.

Litecoin (LTC) Live Price and Forecast

From yesterday's high at $115.674 the price of Litecoin has decreased by 12.48% as it came down to $101.23 at its lowest point today. A small recovery has been made since with the price currently being traded at around $105.7 and in an upward trajectory. On the hourly chart, you can see that a lower low has been made with the price going below the significant horizontal support at $109.356. Now we could see interaction with the level from the downside as a retest of resitance, considering that the price is in an upward trajectory after an impulsive move to the downside. If the price finds resistance there and gets rejected it could confirm the starting downtrend as above it would be the sellers' territory and rejection at those levels would mean that the sellers have lowered their prices.

Last Thursday the price reached $120.8 at its highest point which was the ending wave from the upward impulse most likely so as it has completed this downtrend was expected to shortly start. If we are seeing the starting downtrend it would be the one of a higher degree as the 5th wave from the Minute count was the completion of the ending wave of the higher degree, Minor count.

Is now more downside would be expected for the price of Litecoin we could likely see in it back to 0.382 Fibonacci level at first before a significant upside correction which would bring the price to $85-81 area.

If we are seeing the higher degree downtrend developing the price would continue moving lower then that after an upside correctional move but it is still unclear how far it would continue.

Conclusion

Analyzing the chart of the top cryptos, it looks like the expected downtrend has started with the prices showing impulsiveness and have made lower lows. The confirmation would still be awaited and will be seen as a rejection from the broken significant horizontal support levels.

If we have seen the end of the bullish period the market would start to enter a bearing one which could result in lower lows out of the whole bear market but this will be evaluated in due time. For now at least interaction with the broken resistance point on the way up would be expected.

Crypto Market Overview

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,BCH): June 3, 2019

Bitcoin BTC/USD

From Friday's low at $8126, the price of Bitcoin has continued increasing over the weekend as it made a recovery of 8.54% on Sunday when it came up to $8820 at its highest point. From yesterday the price has been decreasing again, dropping around 4% to $8456 at its lowest point today. Looking at the hourly chart, you can see that the price fell below the significant horizontal level at $8500 but is currently hovering around it as it's retesting it for support. As the price hasn't gone below the $8120 level on Friday and hasn't entered the territory of the lower wave the possibility of another increase still stands and considering that the price has managed to go above the significant horizontal level at $8500 we could be seeing this expected increase developing.

As you can see the price action has made another ascending channel from 13th of May which could be interpreted as an ending pattern for the 5th wave. This would be the 5th wave of the last impulse to the upside both of the Minute and the Minor count which means that after its completion a downturn would be expected but as it hasn't developed fully, an interaction with the 0.382 Fibonacci level is still awaited which would be around $9400.

Ethereum ETH/USD

The price of Ethereum has made a recovery of 11% over the weekend as it came up from $246 at its lowest point on Friday to $273.8 at its highest on Sunday but since then another decrease has occurred of around 4.85% with the price currently being traded at around $262.

On the hourly chart, you can see that the price of Ethereum found support on the significant ascending trendline which was the resistance level of the broken ascending channel from which the price has made a breakout on 15th of May.

The level is serving as significant support as the price interacted with it two times since the breakout occurred and is currently making the third one at the intersection with the 0.236 Fibonacci level. We are likely to see the support point hold for now as the price spiked to the downside today but managed to pull back itself up above the Fib level indicating buyers interest.

If the price finds support here like expected another increase is to be expected with a higher high to around $308 area where the 0 Fib level is which is the next significant resitance point. The increase might have ended altogether as the previous one has shown a five-wave manner movement but since the price hasn’t come down below the significant horizontal level, the uptrend continuation is still a possibility.

After the increase ends, shorty a higher degree downtrend would be expected to start as the wave structure implies that we are seeing the completion of the higher degree five-wave impulse to the upside.

This downtrend would likely bring the price of Ethereum back down to some of the significant resistance levels, broken on the way up, for a retest of support. The most significant one would be at around $214-206 area around the 0.5 Fibonacci level and the ascending resistance level from the higher degree ascending channel from January.

Bitcoin Cash BCH/USD

On Friday the price of Bitcoin Cash has reached $411.9 at its lowest point from where recovery of 9.35% has been made as the price came up to $450 over the weekend. Since Sunday another downfall has been seen to $423 at its lowest point today above which the price is currently being traded at around $426.

Looking at the hourly chart, you can see that the price of Bitcoin Cash came above the significant horizontal resitance level last Friday but since it entered the sellers' territory a shart downfall has been made below it.

Weekends recovery hasn’t been able to push the price back above it, instead, the price came close the the significant level before pulling back down which indicates that the sellers are putting a lot of pressure around the level.

If we have seen the end of the five-wave move last Friday which would be the sub-wave of the 5th wave of a higher degree count the price is shorty to start a higher degree downtrend, end considering the vicinity of the sellers' territory and that the price is losing upside momentum it could start very shortly.

Litecoin LTC/USD

From Friday's low at $104.82 the price of Litecoin has increased by 11.34%, coming to $116.715 at its highest point on Sunday reaching it again today, but has made a downfall to $109.35 horizontal level shorty. With the price currently being traded at around $112.6, we are seeing a sideways range developing which could mean that the price has encountered strong resitance at those levels.

On the hourly chart, you can see that the price made a recovery over the weekend, as it previously fell down impulsively by 13.75% but hasn't come up to the prior high level before it started experiencing strong resistance. This could indicate that the bullish upswing ended last week on the interaction with the 0 Fibonacci level at $118.945. This could also be interpreted by the wave structure which implies that we have seen the completion of the last five-wave move which is the sub-wave of the 5th wave of a higher degree count.

As you can see the weekend's recovery has been expected but only to the first significant horizontal level at $109.35 if we have seen the completion of the previous five-wave move as it would mean that an ABC correction has started. The price continued moving past the horizontal level and is now forming a sideways range which could still mean that the corrective structure has started developing but it could also mean that the price is headed for another higher high if the previous five-wave increase hasn't ended.

The level which is likely to serve as a pivot point for this confirmation would be the mentioned $109.35 horizontal level as it clearly serves as support, so if the price manages to stay above it after today's interaction it would indicate that another increase is in fact likely. But if the price continued moving to the downside and enters the lower range it would more likely mean that we are seeing the beginning of the expected higher degree downtrend.

Conclusion

The price of the majority cryptos have been recovering over the weekend but this recovery could be the one from the starting downtrend in which case it cannot exceed the prior highs made last Friday. It could also mean that the bullish upswing hasn’t ended but since the wave structures are implying that we are seeing the completion of the bullish upswing even if were to continue I wouldn’t expect it to do so for much longer before the downtrend starts.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC): May 31, 2019

Bitcoin BTC/USD Forecasting:

From yesterday's high at $9120 the price of Bitcoin has fallen to $8135 at its lowest point today which was a decrease of 10.8%. The price is currently being traded slightly above today's low and is currently sitting at $8240.

Looking at the hourly chart, you can see that the price was in a sideways range from Monday before it attempted to move to the upside again but barely managed to exceed the previous high made last Sunday which ended as a failure with the price immediately dropping down. The price came down to its first significant support level which is the previous wave's ending point and is considered to be the first wave out of the five-wave move on the Micro degree which the 5th wave of the Minute count.

As the price hasn't entered the territory of the 2nd wave the possibility of another increase is still there as the 5th wave should develop. As the previous spike exceeded the prior high it could have been the 5th wave with the price, in that case, starting the expected higher degree downside move, but I don't believe that it was as the price action looks more corrective in the horizontal sideways range. Also, the price hasn't interacted with some of the significant resistance levels out of which the most significant one is the 0.382 Fibonacci level at around $9400.

If the price holds above the current support level at $8240 and starting moving to the upside again and manages to go back up above $8500 the possibility of another increase to the $9400 would be likely, but if it goes below the current support level and enters the territory of the lower range it could mean that the 5th wave ended with the price currently starting the expected downside move to some of the significant resistance levels for a retest of support.

Ethereum ETH/USD Forecasting:

From yesterday’s high at $290 the price of Ethereum has decreased by 15% as it came down to $246.55 at its lowest point today. The price has started recovering and is currently in an upward trajectory, being traded at $259.26

Looking at the hourly chart you can see that the price fell below the significant ascending trendline but quickly managed to pull back up above it but is still below the 0.236 Fibonacci level with whom the interaction is being awaited.

As the price came down below the significant Fibonacci level the interaction awaited would most likely end as a rejection, propelling the price into further downside movement. The price fell below the 1st wave’s ending point, entering the territory of the 2nd which means that the likelihood of another higher high before the starting downtrend has been invalidated.

The wave structure implies that we’ve seen the end of the five-wave move on every count which means that now a higher degree downturn is to start, and considering the seen impulsiveness in the last 24 hours, it could already have started.

This needs to be confirmed and the most significant confirmation level would be in my mind the interaction with the 0.236 level. If the price gets rejected there it would imply that there isn’t any more momentum to the upside and that the seller’s have taken control.

If we are seeing the starting downtrend this first move should continue dropping to the 0.382 Fibonacci level before a corrective move to the 0.236 Fib level where it would get rejected. This rejection would propel the price for another impulsive decrease and would confirm the starting downtrend.

Litecoin LTC/USD Forecasting:

From yesterday's high at $119.84 the price of Litecoin has decreased by 13% as it fell down to $104.225 at its lowest point today. This decrease is showing impulsiveness in its movement which could mean that the higher degree correction has started.

On the hourly chart, we can see that the price fell below the horizontal support at $109.35 and is currently being traded inside the lower range but is still above the presumed 3rd wave's ending point where it found some temporary support. Looking at the Elliott Wave count you can see that I would be expecting that this downfall would continue for a bit longer with the price coming down to $100.6 before coming back to the broken horizontal support level for a retest after which it would continue moving to its significant resistance zone at the 0.382 Fibonacci level.

If this movement develops like expected it would mean that the higher degree downturn has started and we have seen its first wave developing as corrective one. There is still a possibility that the price could continue moving to the upside for another minor increase but the wave structure implies that the bullish upswing ended as I have counted 5 waves out of the last ending wave of a higher degree.

$109 horizontal level is a highly significant one as it could be viewed as a horizontal pivot point as it was the most significant horizontal support level since the start of the bear market until June 2018 when it finally got broken. The price managed to go above it from Monday but hasn't come to the next significant horizontal resistance level which in conjunction with the previous one is forming a resistance zone. As the price entered the sellers' territory, strong sellers pressure led to a decrease of around 13% below $109 and I don't believe that is going to go above it now that the decrease has been made. A retest of its resitance could initiate another round of selling which would confirm that the price of Litecoin has reached its high.

Conclusion

The prices of the major cryptos are starting to show signs of weakness as they’ve decreased impulsively in the last 24 hours. This could mean that the expected downtrend has started but a clear confirmation is still awaited.

Even if the price is to continue moving to the upside I would expect it to continue doing so for much further as the prices have reached their significant resitance zones. Another move to the upside might just spark the expected sell-off as it would enter the sellers' territory, triggering another round of selling.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,EOS): May 30, 2019

Bitcoin BTC/USD Forecast

From Monday, the price of Bitcoin continued increasing and has come up to $8949.8 at its highest point on Tuesday after which a minor retracement occurred to $8506 horizontal level which serves as support. The price has found support there and started moving to the upside again but still hasn't exceeded the previous high as it's currently being traded at $8765.7.

On the hourly chart, you can see that the price of Bitcoin is set to reach 0.382 Fibonacci level which is the next significant resitance point on the way up. This minor increase expectation is also validated by the wave count as it also implies that the final 5th wave from the currently seen increase should develop fully. This 5th wave is a sub-wave of the five-wave impulse of the Minute count which is the ending sub-wave of the higher degree Minor count.

This is why after the completion of the currently seen upside move from 23th of May I would be expecting the start of the higher degree downside move. This downside move could be the start of the downtrend as the increase seen from 15th of December could still be correctional, or it could be the 4th wave retracement if the bull market started and we are seeing the development of the first five-wave impulse.

As I would be expecting a move to the downside very soon these possibilities would be evaluated from the depth and momentum of the retracement. In either way, I would be expecting the price to go below the 0.236 Fibonacci level where it would likely find support at first but would continue moving back below it to some of the significant resitance levels which were broken on the way up, for a retest of support.

Ethereum ETH/USD Forecast

The price of Ethereum has continued increasing from Monday as it came up to $289 at its highest point, exceeding the prior high. This has validated my assumption of the 5th wave developing to the upside.

As the wave structure implies another increase from here is likely to around $308-309 area but as this would be the ending wave of every count a higher degree downtrend is to start shortly.

This downtrend is set to bring the price of Ethereum significantly lower to some of the broken resitance levels where some attempt will be made for an establishment of support. The most significant of those resistance levels is the one at $214 at around the intersection of the lower ascending trendline and the interrupted bold ascending level.

If the price goes below that level I would mean further downside would be expected for the price of Ethereum as would see the price entering the territory of the lower range to whose support levels the price might continue.

Litecoin LTC/USD Forecast

From last week, when the price of Litecoin was $84.94 at its lowest point on Thursday 23rd we have seen an increase of around 40% as the price reached spiked to $122.32 at its highest, but found strong resistance at $118 below which the majority of the hourly candles closed.

This increase was expected to play out as an ending wave from the five-wave increase we've seen developing from 29th of April when the price of Litecoin was sitting at $69.23. As the price reached the projected level and has done so in a five-wave manner we have likely seen the end of the increase, although the confirmation is awaited.

If we've have seen the end of the five-wave move it should mark the end of the 5th wave of a higher degree count which goes back to 29th of January when the price was sitting around $30.755 and is the third wave from the structure formed from 15th of December. Now that the third wave has ended or is near completion we are likely to see a downside move of the same degree which could be the start of the downtrend altogether as this increase was corrective or could be another retracement as the 4th wave before further bullish price action.

In either way, as now a move to the downside would be expected at least of around 30% from the current levels we are going to see from its momentum and depth we are to evaluate the likelihood of both possibilities.

EOS/USD Forecast

The price of EOS has increased by over 42% from last week's analysis on Thursday 23rd when it was sitting at $5.759 as it came up to $8.229 at its highest point today. The price has encountered some strong resistance at those levels and has started forming a triangle which now appears to be an ascending one.

As you can see from the hourly chart, the of EOS has been in a five-wave increase from 26th of April and now that the 5th wave has started developing to the upside and came close to my target level another minor increase would be expected to the 0.382 Fibonacci level or in price terms around $9.16 before the completion of the impulsive move.

We could have seen the completion of the 5th wave with the currently seen cluster being the top, but the wave structure implies that another increase should be expected, especially as the currently seen structure is an ascending one, indicating buyers pressure.

Soon we are to see the start of the higher degree move to the downside which could bring the price of EOS significantly lower, potentially back below 0.236 Fibonacci level and even lower to some of the significant resistance levels broken on the way up for a retest of support, out of which the most significant one would be at around $3.27.

Conclusion

The market is likely to continue its increase for another minor high of around 8% before we see the start of the downturn. This could be the start of the higher degree downtrend as the increase seen could be correctional or could be a higher degree retracement before another runup which would confirm the bull market.

From the momentum behind the expected move to the downside and the depth of the support found we are to evaluate the likelihood of both possibilities in due time.

Author: Nicola L

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Crypto Price Analysis: (BTC,ETH,LTC,EOS): May 23, 2019

BTC/USD Forecast

From yesterday's open at $8062 the price of Bitcoin has decreased by around 7%, measured to the lowest point the price has been today which is at $7496.6.

Looking at the hourly chart, we can see that the price broke the minor horizontal resistance level which started yesterday as the first move down went below the level after which another attempt has been made for the price to keep up the upward trajectory, but the descending trendline validated itself as a resistance point yet once again, before the price collapsed below the significant horizontal level at $7887, and is currently being traded at around $7600.

The price has gone to the ascending trendline like expected for interaction but only as a quick spike for now but further interaction could be expected with the hourly candle closing on its levels. This ascending trendline is the first support point the price has encountered on the way down. Now that the price is in a downward trajectory we are going to see if the weekend's increase was corrective or impulsive as if the price holds above the $7428 level it could be impulsive.

We are most likely seeing a continuation of the last week's downside movement which was made in a five-wave manner but the move could also very well be the 4th wave from the impulsive wave to the upside. The first scenario looks more likely to me as from here I would be expecting further downside below the ascending trendline and in a five-wave manner similarly,like we've seen last week which would result in the price going back to $7000.

ETH/USD Forecast

From yesterday’s high at $259 the price of Ethereum has decreased by 9.94% as it came down to $233 at its lowest point today.

On the hourly chart, you can see that the price of Ethereum has fallen today to the ascending trendline like expected previously but hasn’t gone below the prior low made last week on Friday.

Now that the price came down to those levels, it found support as indicated by the price action in the last couple of hours and is now likely headed to the upside as the 4th wave correction ended.

Another possibility would be that the price is yet to continue moving further to the downside below the last week’s low in which case we could see it fall to $208 around the next significant support level, but for now we are yet to see how the price behaves on the way up.

LTC/USD Forecast

From yesterday's high at $91.53 the price of Litecoin has decreased by 6.16% and is currently being traded at $86. The price started moving with strong momentum to the downside on yesterday's interaction with the horizontal support level from the prior upper range and continued on during the day.

On the hourly chart, you can see that the price of Litecoin has started falling below the second horizontal support level at $86.4 which is the ending point of the 1st wave of a higher degree. This means that the increase seen over the weekend was corrective as it ended as a three-wave correction. This was validated by the price going below $90.5 which was the significant invalidation point.

We are now most likely seeing the development of another downside move like we've seen last week after Thursday's high was reached. Since the recovery that followed was correctional it could mean that another five-wave impulsive move is coming of an equal length and would be the third wave out of the higher degree correction if we haven't seen the end of the five-wave impulse to the upside.

If we have seen end of the five-wave impulse to the upside the movement could also be the 3rd wave from the higher degree five-wave move to the downside as well, in which case the price of Litecoin is set to go further lower below $84.2 which is the second horizontal level below which is the starting point of the second wave of the higher degree move which the price cannot enter on the 4th.

EOS/USD Forecast

From yesterday's high at $6.334 the price of EOS has fallen by 9.64% as it came down to $5.72 at its lowest point today above which it is currently being traded.

Looking at the hourly chart, you can see that the price of EOS fell to the significant horizontal support level from the previous drop but came slightly below it and is currently retesting it from the upper side again. This could be an early indication that the price is headed lower to the next horizontal support level at $5.58 before the end of the downward move or even for a breakout to the downside.

We are most likely seeing the 4th wave from the five-wave move to the upside which is corrective in nature and after its completion another increase would be expected, unless the price continues moving down from here and goes below $5.34 which is the ending point of the 1st wave in which the price can't enter on the 4th. If this price finds support higher then the mentioned level and starts increasing impulsively again the 5th wave would be expected to push the price above the prior high made on last Thursday which is at $6.81.

Conclusion

The prices have been falling in the last 24 hours and this downfall confirmed that the increase seen over the weekend is correctional in nature. As the decrease made is likely a continuation of the impulsive downside move made from last Thursday till Friday, we could see an equally strong move to the downside developing which could push the prices below the Friday’s low.

As this is correctional, after its completion I would be expecting another and the final increase.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC): May 22, 2019

BTC/USD

From yesterday's open at $8020 the price of Bitcoin has been moving sideways, hovering around the level but was mostly holding above $7893 until now when the price started moving below it with it currently being traded at $7802.

Looking at the hourly chart, we can see that in the last hour, the price of Bitcoin spiked down to $7757.1 level as the opening of the candle was on the horizontal support level. As the hourly candle still hasn't closed we still can say that a breakout occurred but it definitely looks like it has started. This horizontal level is only a minor one and isn't all that significant, but this breakout could be an early indication of the expected downside move to some of the support levels out of which the closest one would be at the ascending trendline from 11th of May.

It is still unclear whether or not the increase seen from last Friday and continued over the weekend was correctional or impulsive.

This would be verified soon as the price is starting to move to the downside and if it goes below $7450 level it would mean that the increase was correctional as the price would enter the territory of the now labeled B wave which if impulsive would be the 2nd out of the five-wave increase.

If the price holds above the level and starts moving to the upside again a more likely scenario would be that the increase seen over the weekend is another five-wave impulse wave which is set to push the price for a breakout from the descending trendline and higher then the last Thursday's high at $8300.

ETH/USD

From yesterday low at $248.58, the price of Ethereum has increased by 5.51% as it came up to $262.27 at its highest point today, but since it reached those levels a downfall to $250.6 has been made.

On the hourly chart, you can see that the price of Ethereum has continued moving upward from the interaction with the minor horizontal level around the vicinity of Friday’s first waves ending point but hasn’t come up above the prior high made over the weekend.

This could mean that we have seen a five-wave move instead of an ABC correction to the upside with the 5th wave ending as truncation but it could also mean that the ABC correction ended with the decrease seen on Monday being its 1st wave and the increase seen ending today its 2nd wave.

The price is now likely headed to the downside as it encountered resistance around the prior high level at $262.12 level and from this downside movement, we are to reevaluate the likelihood of both scenarios.

If the price has started moving impulsively to the upside from last Friday the price cannot go below its starting point which would be at $231.31, but if the price goes below it we could be likely seeing the beginning of the higher degree downtrend. Another possibility would be that the price is headed down below the mentioned level but another increase might come after as it could be a three-wave correction of the higher degree and would be the 4th wave out of the five-wave move to the upside.

LTC/USD

The price of Litecoin has been moving sideways from yesterday and has mostly been hovering around $91.2 without managing to go above $92.5 which was its minor horizontal resistance point. As the price hasn't gone up above the mentioned level but a series of minor higher lows have been made and ascending trendline formed but today it got broken with the price spiking down to $89.45 at its lowest point today.

On the hourly chart, you can see that the price went below the ascending trendline which was formed from last week on Friday when the price started recovering after a decrease of around 20%. Similarly like in the case of Bitcoin the price started to break out to the downside from the current structure but we still can't say that this is a valid breakout as the price is above the significant horizontal level at $89.192 which isn't significant as support on itself but is an invalidation level for the assumption that the recovery seen over the weekend is the start of the next impulsive move to the upside.

If we are seeing the 4th corrective wave taking place out of the next five-wave increase the price cannot enter the territory of the 2nd wave which would be below the mentioned level. The price already spiked down below it on Monday which increased the likelihood of the increase being a three-wave correction but the candle managed to close significantly above on the hourly chart which paints an inconclusive picture.

Last week the price reached $107 at its highest point on Thursday which could have been the end of the higher degree five-wave move but it could have also been the 3rd wave with the final one yet to come. This is soon to be verified as the price is now likely headed further to the downside and if it goes below the third horizontal level seen on the hourly chart it would enter the territory of the 2nd wave from the higher degree and would invalidate the presumption of the 5th wave coming after.

Conclusion

The prices have started showing further signs of weakness as they have been stopped out at their minor resistance points and have turned around managing to go below their current minor support points. This could be an early indication that the higher degree move to the downside is coming but it is still unclear where the price is headed afterward as last weeks’ increase which ended on Thursday could have been the end of the bullish period altogether or we could be seeing the 4th wave correction as the last weeks increase was the 3rd one.

Author: Nikola L

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Crypto Price Analysis: (BTC,XRP,LTC): May 21, 2019

Bitcoin (BTC) Forecast

Last Monday when the price of Bitcoin was sitting at $6976 we have seen an increase of 18.88% measured to the weekly high at $8294 made on Thursday but immediately after reaching those levels, the price fell sharply and steeply as it came down by 14.36% on the following day coming to around $7100. From Friday and throughout the weekend the price has recovered close to the level of Thursday's high at $8200 on Monday's open.

From Monday the Bitcoin price has been decreasing and came down to $7676 as the price action created a head and shoulder pattern which is considered to be the “top” pattern. As the price fell another upside move has been made after but with the price struggling to exceed the Monday's high before showing signs of weakness as it encountered resistance below it at around $8020. The price is currently being traded at $7936 and has been in an upward trajectory since yesterday but as it hadn't exceeded the previous high on the yesterday's upward momentum it is now likely headed down to some of the significant support levels out of which the currently most significant one would be the ascending trendline made from 11th of April.

Last Thursday the price reached the end of the 5th impulsive move of the lower degree count which is why we've seen a straight downfall after. As this downfall was made in a five-wave manner the increase that followed is likely a correctional one if it ends as a three-wave move, and considering that the price has shown the signs of weakness it is likely to end as a three-wave increase. This still hasn't been confirmed as the price hasn't fallen below the invalidation levels and hasn't come up above the prior high which would mean that the move has been made in five waves.

This makes the outlook uncertain but the most likely outcome would be that we have seen the end of the higher degree 5th wave of the Minor count on last Thursday in which case the price action movement that followed would be viewed as correctional one. The other possibility would be that price is now headed for further upside movement with the increase seen from Friday being the start of the next five-wave increase but considering the resistance shown and the impulsiveness behind the decrease seen last week I don't believe that's likely.

More likely we are seeing the higher degree move to the downside out of which the last weeks decrease is its starting wave with the increase seen after being a correctional second wave of a higher degree. This would soon be verified as the price is to shortly interact with some of the significant levels but for now, I would be expecting further downside movements potently back below $7000.

Read: NYSE Arca Looks to Amend Rules in Order to List Bitcoin Backed ETF

Read Also: ‌‌‌‌Latest BitInfoCharts Data Reveals Most of Bitcoin’s Circulating Supply Did Not Move Since 2018

Ripple (XRP) Forecast

From last Thursday the price of Ripple has fallen by 22.39% as it came down to $0.36952 on the following day. Over the weekend we've seen a slight recovery above the 0.768 Fibonacci level but only as a quick spike as the price immediately after started moving below it and is currently sitting at the 0.618 Fibonacci level where it has been establishing support around $0.39 area.

As you can see from the hourly chart the upward movement was expected and the price came to the significant Fibonacci level on the upward movement but it is still unclear wheater or not this was the end of the expected five-wave increase as the spike to the 1 Fibonacci level could have been the 3rd wave. If this is true that the decrease that followed would be the 4th wave with the final one shortly coming and would set to exceed the last weeks high at around $0.4762.

If the price stays above the 0.618 Fibonacci level before continuing further upside movement we could likely see another increase above the prior high as the 5th wave would develop, but if the price continues moving to the downside and falls below the 0.236 Fibonacci level it would mean that the five-wave increase ended and that the increase seen from last Friday until today is correctional in nature and is a continuation of the 22.39% downfall.

If this were to be true, then we are to see further downside movement for the price of Ripple below the significant horizontal support level found around the 0.5 Fibonacci level but it still needs to be confirmed. If we are seeing the development of another five-wave impulse from last Friday instead of the correctional three-wave move the price cannot fall below the 0.618 Fibonacci level as it would enter the territory of the second wave which it cannot do on the presumed 4th wave which is currently developing and is why the 0.618 Fibonacci level is viewed as a pivot point.

Read Also: ‌‌Ripple (XRP) Opens New Corridor Between Saudi Arabia to India for Cross-Border Remittance

Litecoin (LTC) Forecast

From Monday's open at $96.116 the price of Litecoin has decreased by 7.32% as it came down to $89 on the same day. Since yesterday's low, a small recovery has been made with the price currently being traded at $90.7 but the momentum looks like it's slowing down as a lower high has been made compared to the previous one, made close to today's open.

Looking at the hourly chart we can see that the price came down to the significant horizontal support level last Friday around the vicinity of the 1st wave out of the five-wave impulsive move which started on 26th of April which could be the wave 4 if the impulse hasn't ended. As strong sellers momentum has shown last week the downfall made could be the start of the higher degree downside move as the five-wave impulse ended on Thursday which is soon to be verified.

An interesting situation occurred yesterday for the price action development of Litecoin, namely the price fell below $90.5 level which was the significant indication level of labelings behind the increase seen from last Friday. If the downfall made on Friday was the 4th wave the increase that followed should be the start of the next impulsive move, but as the price fell below the mentioned level and spiked down further it entered the territory of the presumed 2nd wave which it cannot do on the 4th wave which is why I am considering that more likely the five-wave impulse ended and that the increase seen ended as well as the three-wave correction after the initial downfall.

What's interesting is that the price made a large wick to the downside so we still cannot say conclusively that it entered the 2nd wave's territory as the candle hasn't closed inside its territory and the price made a recovery above the significant horizontal level. We are shortly going to see the proper validation but for now, it more likely looks like the price is heading further down as the five-wave increase from 26th of April likely ended.

Read Also: ‌‌‌‌‌‌WhatsApp Now Supports Sending and Receiving Bitcoin (BTC) and Litecoin (LTC) via Lite.Im Bot

Cryptocurrency Market Update:

Conclusion

As indicated by the analyzed chart, last Thursday's increase was likely the ending point of the five-wave move to the upside, especially considering the impulsive downfall made after. This means that the weekend’s recovery is correctional with the price of Litecoin showing LTC 1.23, but a proper confirmation is still awaited.

Recent Price Predictions: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Prediction: Crypto Market Analysis.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC): May 20, 2019

Bitcoin BTC/USD Forecast

On Friday, the price of Bitcoin has been in a downward trajectory with strong momentum as the cryptocurrency decreased from $7917 to $7105.7 at its lowest point.

From there the price has started increasing again and has continued doing so over the weekend until today’s open when the price reached $8215 which is an increase of 15.62% but since today’s open the price has started decreasing again and is currently being traded at $7881.

Looking at the hourly chart, we can see that the price of Bitcoin recovered the downfall which started last Thursday with the price getting close to the starting point of the mentioned decrease but has come slightly lower than its highest point before showing signs of weakness.

The downfall which started on Thursday was made in a five-wave manner and with the increase, after developing in three waves we could be seeing the development of the higher degree 5-3-5 correction after the 5th impulse wave ended.

The price action has formed a head and shoulders pattern with the horizontal level at $7890 serving as support which was also indicated by the large wick from the downside seen on the last couple of hourly candles. This could be the first sign that the price of Bitcoin isn’t heading higher on the currently seen upward momentum which started on Friday.

If we are seeing the development of the ABC correction after the 5th impulse wave ended the price is now likely to develop the C wave which would also be in a five-wave manner similar to the downside movement seen from Thursday to Friday.

If this occurs the price would likely find support on the still unconfirmed ascending trendline but if it goes below it and is developing an ABC correction it could end around $6980 area.

The other possibility would be that the decrease seen on Friday was the 4th wave retracement from the previous wave which would mean that the increase seen after is the ending 5th wave and is likely to continue moving further up, but in either way, I would be expecting a retracement first.

Ethereum ETH/USD Forecast

The price of Ethereum has decreased from last Thursday to Friday by 17.29% but since the Fridays low at $230 the price started gaining upside momentum and has managed to recover by 14.4% measured to today’s open at $262.42.

As you can see from the hourly chart, the price recovered in a three-wave manner which could be the upward correctional movement after the impulsive downside move is seen last week ended with more downward movement ahead.

This will shortly be verified as the price is currently retesting the 1st wave’s ending point which if the price is on an impulsive rise cannot go below. If the price falls below the 247.33 level it would mean that the upward movement has ended as a three-wave increase and has been correctional in which case further downside would be expected.

But if the price holds above the level and continues immediately increasing from here I would mean that the last week’s downfall was a retracement before further upside continuation. As the price of Ethereum has previously broken out form the ascending channel with an impulsive parabolic move the downfall that followed is likely to continues and would result in the retest of the broken resistance level for support.

The question of whether or not we’ve seen the end of the impulsive move of a higher degree altogether is still there but it will shortly be verified by the price action movement.

In the most optimal scenario, I would be expecting a downside move from here to the broken resitance level which would in price terms be around $228 before another and the final run-up from the impulsive move which started on 26th of April and is the ending wave of a higher degree, after which a higher degree downside move would be expected.

The other possibility would be that the impulsive move to the upside ended in which case the last week’s decrease would be the star of the mentioned higher degree downside move but since the price hasn’t gone below $228 level this is still unconfirmed.

Litecoin LTC/USD Forecast

Last Thursday, the price of Litecoin came up to $106 at its highest point from where a decrease of 19.31% has been seen until Friday as the price came down to $85.564 at its lowest point. As Friday's low was made to the significant support area the price started recovering and came up over the weekend by 12.42% measured to today's open at $96.187. Since today's open the price has started moving to the downside again and is currently being traded at $91.2.

On the hourly chart, you can see that the price came down to the horizontal support zone around the vicinity of the ending point of the first wave which broke out for the descending channel on the 30th of April which could mean that it was the 4th wave out of the five-wave impulsive move. It is presumed that the impulsive move ended on Thursday especially considering that the price started decreasing fast with strong momentum in which case we are seeing the correctional structure developing or even the higher degree downside move.

This will soon be verified as the LTC price is now in an upward trajectory and has developed a three-wave structure which if corrective has ended with the price now headed to the downside which already started. But as it is holding above the Friday's high which is the first wave of the now developing move it could very well be the 4th wave of the next five-wave move to the upside.

If the price manages to hold above $90.51 and starts moving to the upside above today's high at $96.56 we are likely seeing another impulse wave which would be the ending one, but if it continues its downward trajectory and starts moving below $90.51 we are most likely seeing further downside movement below the horizontal support zone.

Complete Crypto Market Overview:

Conclusion

The prices of the major cryptos have seen shart decrease last week, followed by a recovery over the weekend. This movement could be interpreted either as a retracement before the start of another and the final impulse wave after which a higher degree downside move would be expected, or it could very well mean that the expected higher degree downside move has already started with the weekend's recovery being corrective.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,BCH): May 17, 2019

BTC/USD

Bitcoin has reached $8302.4 at its highest point yesterday but started decreasing from there at first slowly but then with strong momentum as the price fell to $7005.8 at its lowest spiked today which was a decrease of 15.62%. The price is currently being traded at $7269 as a small recovery has been made.

Looking at the 15-min chart, we can see that the price broke out from the ascending channel on the downside and has come down to its first significant support level around the 0.236 Fibonacci level where it is establishing support. The ascending channel was viewed as a continuation pattern with another final push to the $8515 significant horizontal resitance level expected to play out but it now looks like the 5th wave of every count has ended which is why a sharp downturn has been made.

This sharp downturn was expected after the completion of the 5th wave and now that the ending wave has developed fully it likely started. The five-wave move seen from 26th of April is considered the 5th wave from the higher degree count which also ended with the mentioned wave as it is the sub-wave of the impulsive move. This is why now I would be expecting to see the price of Bitcoin going significantly lower than the current levels as the price is in a lookout for support.

The Fibonacci level currently offers support but strong seller's momentum has been seen in the last 24 hours which could indicate that the higher degree downturn has in fact started. The price of Bitcoin could now go back to $6250 significant resistance area for a retest of support but since the area hasn't offered much resistance on the way up it is still unclear whether or not the level will serve as support which opens the possibility of further lows.

ETH/USD

From yesterday’s high at $277.7 the price of Ethereum has decreased by 17.87% today measured to the lowest level the price has been which is at $228 around which it is currently being traded.

On the 15-min chart, we can see that after the completion of the presumed 3rd wave a downtrend has started which could be the 4th one out of the Minute count. As the price is in a downward trajectory further downside movement would be expected to some of the significant support levels out of which the first one would be at the 1.618 Fibonacci level.

The next one would be at the broken ascending resistance level form the ascending channel in which the price has been from 26th of April but managed to breakout impulsively to the upside. If we are seeing the development of the five-wave impulse out of which the current move to the downside is its 4th that would mean that another increase would come before the end of the five-wave impulse as the price is set to go further to the upside.

This is soon to be verified from the found support as we could have seen the end of the five-wave move altogether.

LTC/USD

Litecoin has decreased by 18.96% from yesterday's high at $106.26 as it came down to $86.11 at its lowest point today. The price is currently being traded at around $87 as temporary support has been found at the lower range resistance level.

Looking at the 15-min chart, we can see that the price of Litecoin fell to the significant resistance zone from the vicinity of the 1st wave's ending point where it found some support and has retested the level on two occasions. The downfall was made after the price interacted with the resistance level of the expanding triangle in which it was since the last runup from the horizontal resistance zone and a breakout form the structure has been made.

This breakout could indicate that the five-wave increase ended as the price started moving impulsively to the downside. There could still be a possibility of another increase as the price hasn't come up to the significant horizontal resistance at $109.35 for an interaction in which case the expanding triangle wave structure would still be the part of the 3rd wave. This will soon be verified as the price is on the 1st wave's ending point vicinity so if it starts entering the territory of the 2nd the possibility would be overruled.

More likely we've seen the completion of the upward move which was a five-wave impulse and as the price started moving impulsively to the downside with strong momentum it could very well be the start of the higher degree downtrend.

BCH/USD

From yesterday’s high at $444.4 the price of Bitcoin Cash has decreased by 23% as it came down to $342 at its lowest point today around which it’s currently being traded.

On the 15-min chart, we can see that after the development of the ascending channel which could be the ending wave out of the higher degree impulse a breakout to the downside was made.

This breakout could indicate that the higher degree downturn has started but it could very well be another retracement before further upside. As the price is now sitting around the vicinity of the beginning point of the ascending channel we are to verify the possibility as if the price continues moving to the downside it would likely mean that it is, in fact, the start of the higher degree downtrend.

Conclusion

The cryptocurrency market has experienced a sharp downturn like expected which could be the started of the higher degree downtrend which is set to start after the completion of the five-wave impulse wave to the upside.

Another possibility would be that the price is experiencing another minor correction before further upside movement but as shown by the momentum behind the sell-off it is likely the beginning of the higher degree downtrend.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,EOS): May 16, 2019

Bitcoin Price Analysis: BTC/USD Exchange Rate Value

The price of Bitcoin has been moving sideways from yesterday as it came from $7682 at its low close to yesterday's open to $8319 at its highest today, but started decreasing from there and fell back to $7779.6 at its lowest point today. Since then the price has recovered slightly and is currently sitting at $7832.3 with the price trying to keep up the upward momentum but is currently retesting its significant support level which may break if the momentum fails to keep up.

As you can see by looking at the hourly chart, the price is currently retesting its significant support level from the ascending channel which was formed from Monday when the price came up to $8000 level. Since then the price action has shown an ascending movement which indicates that the buyers are still pushing the price but the bear territory is getting close which is why we have seen the exhibited seller's pressure pushing the price down by 5.84 today.

This ascending channel like the others we've seen on the way up is a continuation pattern and is most likely the 4th wave of the lower degree count from the 5th wave of the higher degree count and is a three-wave correction. Since this is viewed as a corrective movement another increase would be expected after its completion and the most optimal price target for its end would be at the significant horizontal resistance level at $8515.

Ethereum ETH/USD Anaylsis

On the last run up the price of Ethereum has gone from $204 to $272.2 which was an increase of 33.4% in one go. Since today’s high the price has started moving to the downside and is currently being traded at $246.95.

Looking at the hourly chart you can see that the price of Ethereum broke out from the ascending channel in which it was since 26th of April an that with strong momentum. The price is in its last, 5th wave of the Minor count but the wave still hasn’t ended as it looks like we have seen the development of the 3rd wave from the lower degree count.

Now that the price is starting to move to the downside and we have likely seen the end of the 3rd wave, the 4th corrective wave is developing and is most likely headed down to the broken ascending resistance line for a retest of support.

After the current downside movement, another increase would be expected with the price potentially going all the way up to $300 which is its next significant horizontal resistance.

Litecoin (LTC/USD) Analysis

The price of Litecoin has increased by 26.8% from Monday's low at $84.32 coming to $106.93 at its highest point today but since then has made a sharp downturn with a decline of 15.49% as it came down to $90.334 at its lowest spike today.

The price is currently being traded around $93.4 as the buyers have stepped in to catch the price from the straight downfall around the vicinity of the prior high's ending point which offers to serve as support as indicated by the large wick from the upside on the last hourly candle.

Looking at the hourly chart, we can see that the price of Litecoin formed an expanding triangle from Monday with the price moving in between its levels. This structure is considered to be the 5th wave from the upward impulse wave and is the continuation of the breakout momentum from the previous descending triangle which started on the 29th of April. As we are seeing the development of the last wave very soon we are to likely see a steep downturn but today's one might not be it as another impulsive move to the upside looks likely before its completion.

Expanding triangle seen from Monday was leading the price to the significant horizontal resistance level at $106 but the price still hasn't come up to the level for the expected interaction and considering that we have seen the 4th wave out of the higher degree ending wave I believe that another increase is to occur before we see a higher degree downturn and the most optimal ending point for the completion of the upward move would be the mentioned horizontal resistance level.

EOS/USD

From Monday's open at $5.33 the price of EOS has increased by 28.51% as it came up to $6.86 at its highest point today.

Looking at the hourly chart, you can see that the price reached the significant horizontal resistance level today which is why the price has started pulling back as it encountered strong resistance at the current levels. The price hasn't fallen below the 0.236 Fibonacci level which serves as a support, but further downside could be expected from the current retracement as we are most likely seeing the development of the 4th wave out of the five-wave impulse of the Minuette count.

This five-wave impulse is the ending wave of the higher degree count both on a Minute and the Minor degree which is why after its completion a higher degree decrease would be expected, but since we haven't seen the end of the impulse wave before it ends we could potentially see the price of EOS going as high as $9.1 where the next significant Fibonacci level is, although I would expect the price ending its wave structure around $7.5 more optimally.

Conclusion

The prices of the major cryptos are starting to move to the downside but even though a sharp downturn is expected after the completion of the bullish uprising, this probably isn’t it and is more likely a lower degree retracement before the final increase which is set to push the prices for an interaction with their next significant resistance points where they would get rejected and will start moving to the downside with strong momentum.

Author: Nikola L

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Crypto Price Analysis: (BTC,LTC,BCH): May 15, 2019

• The coin market cap is at $243.58 billion, up from $231.38 Billion yesterday
• Global crypto asset traading volume is at $94 billion, up from 80 billion in the last 24 hours

BTC/USD

From yesterday's open at $8013 the price of Bitcoin hasn't changed much as it is now hovering around the same levels. The price fell from the opening level to $7650 at its lowest point today but has since then come up and is currently being traded at $8042. On the hourly chart, you can see that the price started moving in an upward trajectory from today's spike to the downside but hasn't been able to move above the yesterday's high before encountering strong resistance at the current levels. This is indicated by the first attempt ending as rejection with a slight pullback and the wick from the upside on the current hourly chart with the price entering into a second attempt.

As the price is in an upward trajectory further upside would be expected but as we are seeing the completion of the ending wave I wouldn't expect it to go beyond the significant horizontal resistance level at $8515. This level is significant as it is the ending point of the runup made on the 24th of July last year after which the price of Bitcoin started moving sideways before a downfall to $3226 level was made.

We are seeing the ending 5th wave on every count which is why after the completion of the current upside move I would be expecting a downturn in the market, and with the price of Bitcoin moving parabolically to the upside the expected downtrend could be equally powerful. Parabolic moves usually tend to end with an equally strong correction as the unsustainable momentum ends.

It is still unclear whether or not we are seeing the three-wave correction to the upside or a five-wave impulse. The currently seen 5th wave from the Minor count could be the 3rd wave of a higher degree count or it could be the end of the three wave correction which is why we are to evaluate the possibility of both scenarios from the expected downtrend and its depth and momentum.

If the price manages to hold above the broken significant resistance area at $6250-6500 on the expected downward move, it would likely mean that it was the 4th wave from the five-wave impulse, but if the price continues moving below and enters the territory of the lower range it would most likely continue falling down to the next significant broken resistance at $4300 and would likely mean that we have seen a three-wave correction to the upside with new lows ahead.

BCH/USD

From Monday’s low at $350.4 the price of Bitcoin Cash has increased to $409 at its highest point yesterday which was an increase of 16.72%. Since yesterday the price has pulled back and came down to $370.4 but started moving to the upside again and is currently being traded at $387.3.

On the hourly chart, you can see that the price of Bitcoin Cash continued its increase which started on the 28th of January as a breakout from the descending channel in which it was correcting. As we are seeing the development of the five-wave move to the upside the increase seen from 29th of April is its ending wave.

The further upside would be expected from here but only as a yet another minor increase as the price approaches the significant resistance area at $450 whose interaction is awaited. The interaction would be expected to end as rejection with the price starting a downtrend after and is likely headed down to some of the broken support levels for an establishment of support.

LTC/USD

The price of Litecoin has been trading around $87 on yesterday's open and from there increased by 9.58% measured to the highest point the price has been today which is at $95.411. Since then, the price has pulled back and is currently being traded at $92.4 but with the price being in an upward trajectory this could only be a small retracement before further upside.

Looking at the hourly chart, you can see that the price hasn't gone below the $84.3 level which was a significant invalidation level of the bullish count. As further upside movement has been seen since yesterday's pullback we are likely seeing the development of the five-wave move rather than a three-wave correction like presumed before. If this is true then further increase would be expected as the 5th wave should develop fully and the most optimal price target for its completion would around the vicinity of the high made on 3rd of April or even further above to the significant horizontal level at $109.356.

This expected increase would be the ending wave of the increase which started on the 29th of April when the price of Litecoin was sitting at $69.5 inside the territory of the descending triangle from which a breakout was made to the upside. This breakout momentum was at first views as correctional but since we have seen the price hold above the mentioned significant horizontal resistance and continued on increasing it is now being viewed as an impulsive move.

The upward move has still more room to go but as we are seeing the ending wave it is likely to end soon as interaction with some of the significant resistance levels out of which the $109.356 is the most significant one. I would be expecting that the interaction ends a rejection with the price starting to move to the downside after and would most likely go back to some of the significant support levels which were broken on the way up.

Conclusion

The cryptocurrency market has continued increasing but is in its last stages as the price charts are showing the ending waves, which is why further upside would be expected but only as a minor one which is set to reach significant resistance points whose interaction is being awaited.

As we are seeing the ending waves, shortly a downturn would be expected to play out either as a correction before further upside or the start of the higher degree downtrend altogether as the upward movement seen in the following period could be corrective.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,LTC): May 14, 2019

Bitcoin Price Analysis Today: BTC/USD

The price of Bitcoin has continued increasing over the weekend and has come up from $6225 on Friday's low to $8166 at its highest point today which is an increase of 31.5%. This increase is a continuation of the impulsive move which started on the 26th of April and is the ending wave of the higher degree count.

The price broke the significant resistance level at around $6250 which is highly significant as it was the major support point on the way down. This could indicate the start of the bull market and considering the momentum behind the upward movement, this could be likely.

We are seeing the 5th wave off of the five-wave impulse of the Minute count near completion but there is still more room to the upside before it ends. The price action has started forming an ascending channel from yesterday which is why more upside would be expected from here but since this would be the end of the higher degree 5th wave as well, a higher degree downturn would be expected shortly.

From this downturn, we are to reevaluate the possibility of the starting bull market as from its momentum and depth will depend the primary count. For now, we are seeing the three wave upswing from 15th of December which could still end as a correction, so now as the price broke significant resitance point it needs to stay above. If the price holds above the $6250 level on the retracement it would mean that we have seen the 4th wave with another increase incoming which will confirm the possible bear market bottom and the start of the bull market but if the price goes below it and enters the territory of the ascending channel we could see further downside with lower lows for the leading cryptocurrency, Bitcoin.

ETH/USD

From yesterday’s open at $187.51 the price of Ethereum has increased by 13.09% as it came up to $212 level today at its highest point and is currently being traded at $206.8 as a small retracement has been made.

Looking at the hourly chart you can see that the price reached the significant resistance from the ascending channel in which it was since 26th of April when the 5th wave out of the Minor count started.

As we’ve likely seen the completion of the 3rd wave of the lower degree Minute count and the price reached its significant resistance a pullback would be expected to the significant horizontal support level at $187.51 on which the price found support and continued increasing after yesterday’s interaction at the opening of the trading session.

As this pullback would be the 4th wave another increase would likely occur as the 5th wave of the Minute count should develop to the upside and the potential price target would be at around $242 level or somewhere in that vicinity around the significant resistance level.

XRP/USD

The price of Ripple has increased by 29% from yesterday's low at $0.3106 to today's highest point at $0.40066. As the price spiked to the upside quickly a pullback has been made with the price currently being traded at around $0.3783 level.

Looking at the hourly chart, we can see that the price came up above the significant ascending trendline which is the baseline support dating from August 2017 and is the most important trendline which was never broken until recently on 24th of April when the price came below it but found support on the significant horizontal level at $0.29405. As the interaction with the horizontal support level was made twice and the price found support, an impulsive move to the upside started.

This is most likely the 3rd wave from the five-wave impulse wave as the first one began after the first interaction with the mentioned significant horizontal level and the second interaction which further established support was its 2nd. If this is true then now after the third wave most likely ended around the 0.618 Fibonacci level a retracement would be expected. The most optimal scenario would be that the price comes back to the ascending level (baseline support) from a retest of support and finds support there before continuing its bullish momentum.

If the price goes below it, it would invalidate the count as the price would enter the territory of the presumed 2nd wave which it cannot do on the 4th. As prior to the upside move we've seen a correctional descending structure which pushed the price below the significant support, the price has likely started an attempt to move back up above its mean line.

LTC/USD

From yesterday's open at $84.94 the price of Litecoin has increased by 8.79% today as it came up to $92.415 at its highest point today. Since then a minor pullback has occurred with the price currently being traded below $90 as the price entered back inside the territory of the ascending channel which has been formed by the price action from yesterday's open.

On the hourly chart, we can see that the price increased by with slow momentum and has been struggling to move above the previous high as strong resistance was again encountered at those levels. After the previously seen increase ended in a five-wave manner, an ABC correction to the downside has developed and now we have seen the completion of another lower degree five-wave move to the upside.

This could indicate another starting uptrend movement as the next impulse wave to the upside develops which we are to see shortly as the move has likely ended which mean that now we are to see a pullback. If the price doesn't go below the broken horizontal resistance area before starting to move impulsively to the upside again, we are likely seeing the development of the next impulse wave which is set to push the price above the previous high. As this would be presumed to be the 2nd wave from the lower degree count it couldn't go below yesterday's open at $84.342 which is the presumed starting point of the 1st wave.

If the price goes below the level it would mean that the ascending channel formed from yesterday was corrective and could indicate further downside moves which would, in that case, validate the count in which have seen correctional three-wave move instead on an impulsive one.

Conclusion

The prices of the major cryptos have continued increasing but have reached a significant resistance point and are showing signs of weakness. Even though the momentum is slowing down further increase could be seen before the expected downturn in the market.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,LTC): May 13, 2019

• The coin market cap is at $231.38 Billion, up 47 Billion in the last 7 days
• Global crypto asset trading volume is at $80 billion in the last 24 hours

Bitcoin Price Analysis: BTC/USD Exchange Rate

From Friday, when the price of Bitcoin was $6220 at it’s lowest point we have seen an increase of 19.31% measured to yesterday’s high at $7421.6. but immediately made a corrective decline to $6870. Since yesterday the price has started increasing again as it came up to $7341.4 at its highest point today.

Looking at the 5-min chart, we can see that the price broke out from the significant resistance encountered at around $6250-6500 with strong momentum.

This breakout hasn’t been my primary expectation as I thought that we are seeing the 5th wave as an ending diagonal but the ascending structure proved to be the 4th wave correction after all which is why the 5th wave developed further beyond its resistance level.

The price action created an ascending channel that led the price above the significant horizontal resistance level and the ascending resistance after which a minor pullback to retest the mentioned levels for support was made.

This could have been the first two waves out of the five-wave move to the upside if we follow the channeling principle. The formation of another ascending channel followed but this time a steeper one as the breakout momentum increased.

Today’s Bitcoin increase would according to this count be the 5th wave which is set to surpass the Sunday’s high which is why further upside could be expected potentially to $7723 level before we see the expected downturn as the higher degree impulse wave would end.

Today's ETH/USD Price Forecast

From Friday’s low at $171.4 the price of Ethereum has increased by 18.66% measured to the Sunday’s high at $203.19. On the same day, the price fell to $184 area but from there managed to recover above the significant horizontal level at $187 and is currently being traded at $194.25.

Looking at the hourly chart you can see that the price came above the mentioned significant horizontal support once again but has now been stopped out at the 1.272 Fibonacci level which is serving as resistance.

The price managed to pull above the Fibonacci level and is currently interacting with it from the upper side which could be a retesting of support. If the support holds further higher high would be expected above Sunday’s one but we could have seen the end of the impulsive move with today’s increase being a corrective 2nd wave of the higher degree move to the downside.

This will shortly be verified as if the price fall below the significant support it would most likely mean that the 5th wave of the Minor count ended with the price being in a corrective increase not surpassing the Sunday’s high, but if the price hold above it and continues increasing past the Sunday’s high further upside would be expected before the end of the Minor 5th wave.

Today's XRP/USD Price Analysis

The price of Ripple came up from $0.29405 at its lowest point on Friday to $0.33576 at its highest on Sunday which was an increase of 14.22%. After the increase ended the price fell by a little over 8% on the same day to $0.308.

Today we have seen recovery as the price came to $0.328 around where it is currently being traded.

Looking at the 15-min chart you can see that the price increased impulsively to the upside from the interaction with the significant horizontal support level made on Friday’s low. As we are most likely seeing a five-wave increase further upside movement would be expected potentially to the next Fibonacci level to the upside which is at 0.328 or in price terms at $0.3496.

Litecoin (LTC/USD) Price Prediction Today

Over the weekend the price of Litecoin increased by 28.13 as it came up from $73.68 on Friday's low to $94.412 at its highest point on Sunday bu the price declined by over 10%, falling down to $84 level on the same day above which it has been traded currently.

On the 15-min chart, you can see that the price came up to the projected level but hasn't come down first like expected. The presumed B wave ended inside the descending triangle on the last ABC correction of the Subminor count but this doesn't reflect the higher degree count which is viewed as potentially correctional because the price broke out from the descending channel on 30 of April in a three-wave manner.

This breakout could very well be the first wave of the five-wave impulse to the upside in which wave case the price cannot go below the $84 level which it has successfully done since Sunday, but as the price came down shart indicating strong sellers pressure it might start doing so very soon. If however, the price holds above it and from today's low we see further increase above $94.35 it would mean that we have seen the five-wave impulse potentially as the first wave of a higher degree rather then an ABC correction to the upside.

After the price completes the current increase we are soon going to receive a proper validation but as the price structure is currently forming another micro ascending structure it is likely to end as another minor increase that could be the second wave of the higher degree move to the downside and especially as the price action moved in five waves but correctively this looks like a more likely outcome.

Conclusion

The prices have increased over the weekend which is the ending wave from the increase of a higher degree which started on 4th of May. As we are seeing the 5th wave developing very are to see further upside movements but shortly the start of a downtrend would be expected as the price increase is near completion.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC): May 10, 2019

Bitcoin BTC/USD Price Watch

On yesterday's open the price of Bitcoin was $6140 we have seen an increase to $6300 area but a decrease afterward to $6180 level. From there the price started increasing again and has come up to $6300 around today's open and continued increasing until it reached $6438 which is the highest point today.

Looking at the 15-min chart, we can see that the price of Bitcoin came up to the projected level but has managed to go slightly above it. As the price has encountered resistance, indicated by the formed cluster, we have seen a minor retracement staring to develop. The price currently in a descending movement but the further increase could be expected as the C wave of the presumed ABC correction is to develop.

The C wave could have ended as I see a five-wave move but its degree is still unclear as it could be the 3rd wave from the higher degree. The price has entered the seller's territory above $6256 which was pointed out as a likely scenario in my previous posts and considering that we are seeing the last stages of the five-wave impulse from the Minor count I believe that the sell-off will start very soon.

This would be the end of the WXY correction from 15th of December which developed as a retest of the significant horizontal support around $6250 which got broken on 14th of November last year when the price of Bitcoin came down from $6500 to $3226 in two goes. In the first go the price dropped from $6477 to $3694 in 14 days which was a 42.96% decrease and after recovering to $4448, continued decreasing for another 27.65% to $3226. Considering that now the price took 147 days to recover back to the broken support level I am certain that we are seeing a corrective move which is why I believe that now as we are seeing the completion of the Y wave from the WXY correction further trend continuation to the downside.

This will be verified by the price behavior at certain key support points when the price starts going to the downside but for now, in, either way, I would be expecting the start of a downtrend.

Ethereum ETH/USD Price Watch

From yesterday’s low at $171.13 the price of Ethereum has increased by 3.79% measured to today’s high at $177.62. Since then the price has pulled back and is currently being traded at $174.5 and is still in a downward trajectory.

On the hourly chart, we can see that as the five-wave impulse ended so did most likely the 5th wave from the Minor count which is the Y wave from the higher degree WXY correction. If this is true then the move to the downside that started after the price got rejected by the $187 horizontal support level now verified as resistance, if the start of the downtrend of a higher degree.

You can see that the price fell down in a five-wave manner indicating impulsiveness and has since formed a three wave correction to the upside which is labeled as an ABC and could be the 2nd wave of a higher degree move if we are seeing the beginning of the downtrend.

The other possibility would be that the price action formed a since ABC correction out which ended on the yesterday’s low in which case the increase seen today could be the start of the next impulse wave if the 5th wave hasn’t ended.

This will soon be verified as if the price continued moving below the current level it would mean that today’s increase ended as a three-wave move and is the C wave like depicted on the chart above, but if the price find support here and continued increasing above the labeled descending resistance level the increase would end in a five-wave manner which will increase the likelihood of another impulse wave to the upside.

Litecoin LTC/USD Price Watch

From yesterday's high at $78.433 the price of Litecoin has decreased by 6.03% today, measured to its lowest point at $73.7. Since then, recovery has been made with fast momentum as the price increased to $79 which was a 7.19% increase in a matter of 15 minutes.

The price is currently being traded at $76.3 as the spike to the upside was an interaction with the descending resistance from the triangle in which the price is correcting from Saturday. The correction developed after the price broke out from the descending triangle of a higher degree but since it hasn't developed in a five-wave manner and rather ended on a three-wave move this breakout will most likely not continue pushing the price further to the upside.

After the presumed ABC to the upside ended we have seen and lower degree ABC move followed by a five-wave move to the upside after which another ABC correction developed. These three structures could have constituted a higher degree three wave correction in which case today's increase could be the beginning of the next move to the upside that is set to push the price for a breakout to the upside, but as the price got rejected by the descending triangles resistance and considering that the price hasn't interacted with some of the significant support levels I believe that further downside movement should be expected to around $72 level or even further below.

Even if we see a breakout to the upside from the descending triangle I think it could be the third wave out of the higher degree move to the upside out of which the first ABC correction to the upside would be its first wave. As the price is now in a downward trajectory we are going to see if the projection holds, as if the price falls below $74.5 I would consider changing it.

Conclusion

The cryptocurrency market has increased slightly in the last 24 hours but the increase seen hasn’t changed the big picture and only interacted with the significant resistance levels seen on the price charts of the major cryptos covered in today’s analysis.

As the decease started from its momentum and depth we are going to see and evaluate the potential of the further increase but for the the picture still looks bearish.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,EOS,LTC): May 9, 2019

BTC/USD

From yesterday's low at around $6007 the price of Bitcoin increased by around 5% as it came up to $6308 at its highest point today. Since the interaction with the current ascending range ended as a rejection the price has started falling down fast and decreased by over 2% and is currently being traded at $6183.

Like expected the price continued its increase as the last ABC to the upside is developing and we could have seen the end of it as interaction has been made with the price moving in a three-wave manner. If the price ended its ABC correction to the upside that would have been the end of the five-wave impulse of the Minute count and with it the end of the 5th wave of the higher degree Minor count. As we are seeing downside movement with strong momentum a breakout to the downside would be expected below the lower ascending trend-line which is the support level from the ascending channel made from 3rd of May.

We might see another increase before the start of the expected downside move but not above the upper ascending trend-line with whom the interaction would trigger another sell-off. If the price of Bitcoin falls below the $6154 level which is the horizontal resistance level now serving as the support we are likely seeing the development of the downtrend which is set to push the price below its current significant support but if the price hold above the mentioned level we could likely see another interaction with the ascending resistance level before the downtrend starts.

ETH/USD

Yesterday, the price of Ethereum decreased from $183.4 to $172.47 which was a decrease of around 6% in a matter of hours. Since then the price has been on the rise but hasn’t recovered by much before going back to the yesterday’s low level around which it is currently being traded.

On the 15-min chart, you can see that the price came again to its significant horizontal support level and continued moving slightly below it but has managed to stay above the 1 Fibonacci level.

The projected scenario is still in play but we might have seen the end of the five-wave impulse particularly considering that the decrease seen from Tuesday was made in a five-wave manner after which a three-wave increase occurred. This is typical for an ABC Zigzag which develops in 5-3-5 wave manner so is the price continued decreasing below the current support it would do so in another five-wave move as the C wave should develop.

But if the price finds support here we could see another impulsive move to the upside.

LTC/USD

Over the weekend the price of Litecoin has continued increasing as it came up from Friday's open at $76.11 to $86.4 at its highest point on Saturday which was an increase of 13.66%. From there as the price increased parabolically we have seen a correctional structure forming which pushed the price for a 12.82% retracement as the price came down to $75.4 at its lowest point today.

Looking at the hourly chart, you can see that the price of Litecoin came down to its first significant support level from the descending triangle formed by the price action from Saturday's high. The price previously broke out from the descending structure in which it was correcting since 3rd of April. A breakout occurred as the price moved in a five-wave manner followed by another five-wave increase. This was expected to develop as an impulsive move to the upside of a higher degree but as the price, today fell below the territory of the presumed 2nd wave the outlined scenario has been invalidated.

This is why I have labeled the prior increase as an ABC correction to the upside as I have counted three waves, and now that the correctional structure inside the descending triangle got prolonged by another five-wave move after which another started I think that in the upcoming period we are to see further downside movement for the price of Litecoin as the third correctional structure inside the triangle should develop.

The third correctional structure started developing on Tuesday when the five-wave decrease started developing and has ended as an interaction with the upper descending support. As its completion is awaited another move to the lower descending support from the triangle would be expected which would in price terms be around $72.665 were the minor horizontal support level is.

EOS/USD

The price of EOS has formed a similar structure to the one of Litecoin, as it too reached its high on Saturday from where a descending triangle has started forming. The price came up to $5.4 at its highest point on Saturday and since then it decreased by 9.33% on Monday's low at $4.9 but made a correctional increase after to $5.3 level but is currently being traded at $4.95 close to the Monday's low.

On the hourly chart, we can see that the price of EOS has interacted with its descending support line today where it found support at least for now as indicated by the wick from the downside on the last hourly candle.

As we are seeing a correction developing after an upside move which could be impulsive as I've counted five waves. This means that we could be seeing the 2nd wave out of the higher degree impulse wave to the upside which is developing in a three-wave manner. As the last correctional structure is to develop fully, the further downside would be expected from here to $4.8 level which could end as a spike to the downside like we saw on Monday.

After the move to the downside trend continuation would be expected as if we are seeing the development of the 2nd wave the 3rd with the strongest momentum would be expected, but if the upside move from 26th of April until Saturday 4th of May wasn't impulsive we could be seeing the start of a higher degree move to the downside.

Conclusion

The market has reached its key turning point with the price of Bitcoin showing sign of struggle around the current levels. Another increase could occur before the expected downtrend but it looks more like the expected downtrend has started.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): May 8, 2019

BTC/USD

From yesterday's high at $6288 the price of Bitcoin has decreased by 4.46% today as it fell to $6007 on Bitfinex exchange. Since then a small recovery has been made to around $6158 below which the price is currently being traded.

On the hourly chart, we can see that the price immediately after the interaction with the significant horizontal resistance level at $6265.6 yesterday started falling down with fast momentum which confirmed the significance behind the level and the presence of strong resistance at those levels.

The price fell to below the previously broken minor horizontal resistance made by the two prior highs of the corrective movement but landed on the ascending trend line which again offered support.

As a higher high has been made yesterday and on today's open another higher low, the price action has started forming an ascending range like the one from which it previously broke out off. This pattern is known as an ending diagonal and occurs only in the wave 5 out of the five-wave impulse.

Considering that the sub-wave counted are showing a remarkable resemblance I believe we are seeing the end of the five-wave impulse of the Minute count which is also the last wave from the Minor count. Before the end, we are likely to see another increase as the last ABC correction to the upside should develop and would be the third interaction with the ascending channels resistance level.

The expected increase would be the final ABC correction to the upside which is set to enter the seller's territory above $6250 level before an immediate decline to $5806 which would mean that the bears have taken control. This would be the end of the correction from 15th of December when the price fell to $3226 and the beginning of another move to the downside which is set to push the price below the mentioned level.

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ETH/USD

From yesterday’s high at $191.65 the price of Ethereum has fallen by 11.63% today measured to the lowest spike the price has been which is at $169.35. The price immediately came up above the significant horizontal level at $174 where the hourly candle closed and has stayed above it since but hasn’t made any substantial recovery as it only came up to $178 at its highest.

On the hourly chart, you can see that like projected in yesterday’s analysis, the price came down to the significant horizontal level where it found support. This is presumed to be the 4th wave from the five-wave impulse to the upside so from here an increase would be expected.

This also might have been the beginning of the higher degree move to the downside as the five-wave move to the upside ended so now as we are likely going to see an increase if it doesn’t exceed the half range of the prior decrease before first signs of struggle the projected scenario would still be in play.

If the price, however, stars moving below the current support level and comes below $165.44 the count would get invalidated as the price entered the presumed 2nd wave’s territory.

I believe that we are going to see an increase from here before further downside movements as the horizontal level at $174 is significant enough to stop the selling momentum at least temporary. From the expected increase we are going to see if the momentum for the 5th wave is there but even if it does catch on I wouldn’t expect the price to go above the $200 before we see another downturn in price trend.

XRP/USD

From yesterday’s high at $0.3227 the price of Ripple has declined by 4.08% today as it came down to around $0.31 where it is currently being traded.

Looking at the hourly chart, you can see that the price is once again on the minor horizontal support level offered by the 1st wave’s high. As previously a breakout from the descending channel occurred with a strong momentum a five-wave move developed and it might have ended as a truncation as the second interaction with the 0.236 Fibonacci level, especially considering that I’ve counted five waves in the mentioned increase made on 4th of May.

My primary count is still the one in which we are seeing the development of the 4th wave which will get invalidated if the price starts to move below the current level as the territory of the 2nd wave is below.

This is why an immediate increase would be expected from here with another higher high ahead before we see a higher degree pullback, potentially back to the significant horizontal support at $0.29405.

BCH/USD

From yesterday’s high at $295.3 the price of Bitcoin Cash has decreased by 8.94% today measured to its lowest point at $268.9, but this was only a short spike as the price quickly came up to $284 level below which it is currently being traded.

On the Bitcoin Cash hourly chart, you can see that the price is still inside the symmetrical triangle as the correctional structure got prolonged. As this is a symmetrical triangle a breakout from both sides would be equally likely to occur which is also verified by the wave analysis.

As you can see we could either be seeing an ABCDE correction in which case a breakout to the upside would be expected or the correction is more complex in which case the B, C and D waves would be the X three-wave correction before the third one, in which case we are going to see a breakout to the downside.

Previous to the formation of the triangle a three-wave increase has been made with the first and the third wave exhibiting impulsiveness as they have developed in a five-wave manner. This could mean that the increase seen ended as a three-wave correction in which case the now seen structure would be the start of the higher degree move to the downside which we are going to see after the breakout direction is clear.

Conclusion

The market is showing the first signs of struggle as significant resistance points have been approached but another increase would be expected as the bulls haven’t been exhausted yet. The charts are showing the same scenario is likely which verifies the likelihood but after the minor increase ends I would be expecting the start of the bearish period.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): May 7, 2019

BTC/USD

From yesterday's low at $5939, the price of Bitcoin has come up by 5.8% today measured to the highest point the price has been which is at $6276 and even spiked a bit higher to $6330.

On the 15-min chart, we can see that the price of Bitcoin came up to its significant horizontal resistance level at $6256 where interaction has been made. As stated, the price spiked up above it but immediately went back below it and has started to form a cluster as the interaction is verifying the resistance level. This horizontal level is the significant support which was broken in November last year and is now likely getting retested on the correctional movement to the upside. It is worth noting that this chart is the one from Bitfinex and is fairly higher compared to the other exchanges like for example Coinbase on which the price is currently being traded at $5871.

This means that the interaction with the significant horizontal level was only made on the Bitfinex chart which is why we still can't say that the projection got invalidated as this level serves as an invalidation level for the projected scenario in which we are seeing an Intermediate WXY correction to the upside out of which the current upside movement is the 5th wave from the Y wave.

As we've seen a breakout to the upside from the symmetrical triangle formed over the weekend further upside would be expected but the significant resistance has been encountered which is why we could see a rejection taking place.

ETH/USD

From yesterday’s low at $167.5 the price of Ethereum has increased by 14.3% as it came up to $191.2 at its highest point today.

Since then the price came down to $178.61 but only as a spike and came up to above the $180 level above which it’s currently being traded.

On the hourly chart, you can see that the price came up to the significant horizontal resistance level at $187.47 where interaction has been made with an attempt to move above but ended as a failure which is why an immediate pullback occurred.

Looking at the wave structure you can see that the five-wave move to the upside ended which is why this pullback was expected and especially considering the vicinity of the horizontal resistance level.

If this is the start of the higher degree impulse wave as the price broke out from the descending structure on the move up, today’s pullback could be the 4th wave from the higher degree five-wave move.

Another possibility could be that this five-wave increase was still the part of the correctional structure made from 3rd of May and would be the C wave from the ABC correction to the upside. If this is true then the price could go back below the broken resistance at $174 and back to the $148 level.

XRP/USD

From yesterday's low at $0.3104 the price of Ripple has increased by around 4% as it came up to $0.32286 at its highest point today. The price has retraced since and is currently being traded at $0.3176 and is in a downward trajectory.

Looking at the 15-min chart you can see that an attempt for a breakout from the descending channel has been made but ended as a failure with the price retracing back inside the territory of the descending structure. Yesterday's low was the interaction with the significant ascending trendline which is the baseline support from 207 and since it again served as support a bounce to the upside has been made which could be the first wave out of the next impulse wave to the upside.

If this is true than after the currently seen retracement would we could see another upside movement that is set to lead the price for a breakout to the upside but we could very well see another interaction with the baseline support in which case the price of Ripple would go back to $0.311 area before going to the 0.382 Fibonacci level at around $0.349.

BCH/USD

From yesterday’s low at $274 the price of Bitcoin Cash has increased by 7.68% as it came up to the $295.5 level at its highest point today, but as the high was made an immediate retracement occurred with the price going to $280 with strong momentum.

On the hourly chart, you can see that the price broke out from the symmetrical triangle on yesterday’s increase but has failed to continue moving past the prior high whose ending point vicinity served as a resistance point and caused the price to move in a downward trajectory again.

As the correction inside the triangle might not have ended the breakout seen could be the continuation of the mentioned correction which is why we could be seeing the start of the next impulse wave to the upside very soon, but in another scenario which could be the first correctional structure before further correctional movement which is set to retest the broken resistance from the descending channel in which the price has been since 3rd of April.

Conclusion

The cryptocurrency market has continued increasing since yesterday but encountered significant resistance today, as seen on the charts of the major cryptos covered in this report.

The price of Bitcoin has come to the key horizontal resistance level as well as Ethereum while others Ripple and Bitcoin Cash are still stuck inside their corrective ranges. The mentioned breakouts made in the case of Bitcoin and Ethereum have been made on the Bitifinex chart while on other major exchanges the prices are a bit lower but still they are all showing that the prices have encountered some of the significant resistance points which is why now a deeper pullback could be expected to be seen in the market before the final push to the upside.

Market Update:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): May 6, 2019

BTC/USD

On Friday the price of Bitcoin was increasing parabolically and came up from $5721.6 at the open to $6145 which was an increase of 7.4%. Since the price came up to those levels a corrective movement has been seen entering the weekend.

As you can see from the 15-min chart, the price has continued its corrective movement over the weekend and formed a symmetrical triangle in which it was bouncing. Today the price again cam to its support level where it found support and verified the level once again as another bounce has been made.

The price is currently in an upward trajectory and considering that I have counted the sub-waves we have seen a three-wave correction taking place we could see a breakout to the upside. More likely we are to see two more waves developing which would bring this correction to be an ABCDE correction which has developed after the five-wave increase of the Minuette count ended.

This could be interpreted as the 2nd wave out of the higher degree 5th wave but it could also be the first correctional structure among the the higher degree correctional movement which is to for the top before a downtrend could start as the 5th wave ended.

In either way, I would be expecting a breakout to the upside from here to the significant horizontal support level at around $6250 level which is the most significant support level, broken in November last year when the price of Bitcoin fell from around $6500 to $3230 in one go, and is likely getting retested before the expected downturn in the market is seen.

From its interaction with it we are to evaluate the potential price action movement in the upcoming period.

ETH/USD

Over the weekend the price of Ethereum has also been correcting and has decreased from Friday’s high at $181.36 to $167.7 at its lowest point today which was a decrease of 7.55% but managed to recover today and increased to $176.62 where it’s currently being traded.

On the 15-min chart, you can see that unlike in the case of Bitcoin, the price of Ethreum has corrected in a descending manner after the five-wave structure has ended on Friday. Today the price fell to the descending structure’s support level where it found support and spiked up to the presumed resistance level.

As the wave structure implies this could be the 2nd wave out of the expected Minor 5th wave of a higher degree so after the correction ends I would be expecting an increase and a breakout to the upside from the descending channel.

Before a breakout could be seen further correction movement would be expected as another third Subminuette ABC correction should develop and is expected to end around the 1 Fibonacci level or slightly below it.

XRP/USD

The price of Ripple has increased over the weekend at its highest point on Saturday when it reached $0.3327 from $0.3138 on Friday’s low.

On the 15-min chart, you can see that the price made was above the 0.236 Fibonacci level as another attempt has been made for an uptrend continuation. The attempt has failed which set the price in a downward trajectory and has come to the significant ascending trendline which again verified its significance by offering support.

Now the price is interacting with the current range resistance level but I don't believe that we are to see a breakout to the upside before further correctional movement with the further establishment of support.

The price is most likely in its 4th wave correction which is why another increase would be expected potentially to the next Fibonacci level at $0.348 and would be the first wave out of the expected 5th wave from the Minor count.

BCH/USD

Like in the case of other cover cryptos the price of Bitcoin Cash has ended its five-wave increase which is why we are seeing consolidation structure taking place over the weekend with its levels firmly verified as numerous bounces have been made.

The price came up to its highest on Saturday when it came up to $308.2 but started immediately decreasing and made higher lows and lower highs which is why a symmetrical triangle has been formed.

Like in the case of other cryptos the price has interacted with its current range support and is now interacting with its resistance but another wave to the downside would be expected before further upside movements could be seen resulting in a breakout to the upside from the currently seen triangle.

Conclusion

The cryptocurrency market has moved sideways over the weekend with overall descending movements as see form the charts of the analyzed cryptos. Now as the apex of the structures is approached by the price further upside movement would be expected but not before further correction movements which would set to complete the patterns made from Friday.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,LTC): May 3, 2019

BTC/USD Market Analysis

From yesterday’s low at $5609 the price of Bitcoin has increased by 9.42% today as it came up to $6138 at its highest point today.

On the Bitfinex hourly chart, you can see that the price broke out from the significant resistance area around the ascending trendlines which are both from the ascending channel seen from 3rd of April and the one seen on the higher time-frame from 15th of December.

I was expecting further decline after yesterday’s increase interacted with the mentioned significant resistance levels before the final move to the upside, but it looks like the Friday’s low was the completion of the 4th wave of a higher degree count. The movement to the upside that followed was presumed to be correctional but instead, another impulsive move to the upside developed which is the 3 motive wave out of the five-wave impulse.

The price has currently encountered strong resistance as the last hourly red candle of 1.76% would suggest but the increase might not have ended as the significant horizontal resistance at $6256 level is close and the interaction with it would be a retest of the broken significant horizontal resistance on 14th of November when the price of Bitcoin plummeted down from $6481 to $3228 in one go.

As this would be the end of the 5th wave of the Minor count which is the Y wave from the presumed WXY correction that started on 15th of December after it ends I would be expecting a trend continuation to the downside with new lows ahead beyond the one at $3228.

Zooming out on the 4-hour chart we can see the significance behind the $6256 level with whom the interaction is awaited. It is considered the be the start of the territory of the 2nd wave of the higher degree five-wave move to the downside which the price cannot enter on the 4th wave whose development we are seeing according to my count.

This is why the WXY correction would end as a three-wave correction to the upside with the price starting to decline afterward below the prior low, but if the price continues moving above the mentioned level my count could get invalidated which is why the level also serves as an invalidation point.

The fact worth noting is that this breakout from the ascending channel bot the minor one and the major one only occurred on the Bitfinex exchange price chart, while on Coinbase, Bittrex, Bitstamp, and many other major exchanges the price chart look like the one below.

The price difference reached 7.59% at its highest point when the usually seen price was around $5700 but the price on Bitfinex was $6145.

This also implies the price of other cryptos.

ETH/USD Market Analysis

The price of Ethereum is currently being traded at $177.41 but went even further up to $181.26 at its highest peak today.

On the Bitfinex hourly chart, you can see that the price has broken the significant descending resistance level from the descending channel in which it was correcting since 8th of April and went above the significant horizontal level at $174.4.

If we are seeing the development of the five-wave move to the upside I would be expecting an interaction with the upper horizontal resistance level $187.47 before its completion.

On Coinbase chart we can see that the descending structure’s resistance level was well respected and that the breakout hasn’t occurred as the price came up to $169 at its highest point. This also stands true for the price charts from other major cryptocurrency exchanges like Bittrex, Kraken, Bitstamp which have also respected the resistance level.

XRP/USD Market Analysis

Today the price of Ripple spiked by 3.57% coming from $0.31508 to $0.32632 in one hour.

On the Bitfinex hourly chart, you can see that the price came up above the significant ascending trendline which is the baseline support but has been stopped out bt the resistance found at the 0.236 Fibonacci level. As the price broke out from the descending channel in which it was correcting to the downside from 3rd of April we are likely seeing the development of the five-wave impulse to the upside which means that another increase is now to develop after 4 waves have.

In that case, the price of Ripple would be expected to go to the next Fibonacci level at $0.349 before some minor pullback potentially back to the levels on which it is currently but now retesting it from the upper side for support.

The price of Ripple is pretty much the same on other exchanges with no major differences in the price action structure as well.

LTC/USD Market Analysis

From yesterday’s low at $76 the price of Litecoin has increased by 10.22% as it came up to $83.84 at its highest point today around which it is currently being traded.

The price of Litecoin broken out from its descending structure and continued increasing impulsively to the upside which confirmed the breakout. If this is the first wave out of the higher degree impulse we are going to see a pullback soon for a retest of the broken resistance for support before further upside could be expected.

Like in the case of Bitcoin and Ethereum, the Litecoin’s price chart on Bitfinex differs from the majority of the cryptocurrency exchanges on which the price of Litecoin hasn’t exceeded the $80 level.

Conclusion

The cryptocurrency market has experienced an increased lead by Bitfinex exchange with the price of major cryptos increasing higher than on other exchanges which could indicate some kind of suspicion activity lead by the emerging news of the Tether funds seizure.

If this increase is artificial and caused by Bitfinex which I think most likely is, it could lead to unsustainable momentum and considering that we are seeing the development of the 5th wave of the upward impulse which is considered to be the final one and the end of the correction from 15th of December, the trend continuation to the downside looks very close.

When the momentum starts losing traction it could cause a massive overleverage so that when it stops I massive downfall would occur which is the expected trend continuation after the correctional structure.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,EOS,LTC): May 2, 2019

Bitcoin BTC/USD Price Analysis

From Monday’s low at $5385 the price of Bitcoin has increased by 6% measured to today’s high at $5710 which is the highest point the price has been since the start of the week.

Looking at the hourly chart, we can see that the price again came up to the significant resistance point as an interaction with the ascending interrupted trendline has been made. This interrupted trendline is the resistance line of the still unconfirmed ascending channel seen on a higher time-frame and is considered to be the outline of the corrective structure which started on 15th of December.

Now that the price came up to those levels and I have counted 5 waves out of the last increase seen from Monday we are now most likely going to see a pullback or the start of the higher degree move to the downside.

The price is still inside the territory of the ascending channel made from 3rd of April which is considered to be the correctional structure after the 3rd wave of the Minor count ended, so after its completion, I would be expecting another and the final wave to the upside.

Before that can happen the correction should develop fully and as I’ve counted the sub-wave I think that before the price could continue above the currently interacted resistance levels a pullback to its support level should occur or even a breakout to the downside.

Considering the vicinity of the significant horizontal resistance level at around $5806.7 we might see further increase for interaction with the level before the start of the sharp downfall and will correlate with the interaction of the ascending channels resistance from 3rd of April.

Ethereum ETH/USD Price Analysis

The price of Ethereum has increased by 9.48% from Monday’s low at $157.63 to $172.57 at its weekly high made yesterday.

The price has reached the descending trendline on yesterday’s high which is the upper outline of the descending channel in which the price action is moving from 8th of April. As the resistance was found at those levels a minor pullback occurred but the price hasn’t fallen below the minor horizontal support at the prior high level before it started increasing again.

As I’ve counted five waves from the increase that started on Monday it looks like it has ended or we are seeing the development of the 5th wave. In either way, since the interaction has been made with the significant resistance level now the price is expected to go to some of the significant support levels for a retest before a breakout to the upside could occur.

If the movement seen from last Friday is still the part of the same correction from 8th of April we could see another downfall to the significant horizontal support level which was interacted with on Friday’s low, but if the correction ended on the Y wave the increase seen from Monday could be the first wave out of the expected 5th wave impulse of the Minor count.

Litecoin LTC/USD Price Analysis

From Monday's low at $69.42 the price of Litecoin has increased by 12.86% measured to yesterday's high at $78.37 which is the weekly high so far. Since yesterday the price has fallen to $75.8 as a minor retracement has been seen but the price started increasing again and is currently being traded at $77.8.

On the hourly chart, you can see that the price of Litecoin ended its WXY correction to the downside which started on 3rd of April as the resistance trendline from the corrective structure has been broken with strong momentum and I have counted the sub-wave of the structure. The price is currently retesting the horizontal resistance at the prior support around the vicinity of the W wave's ending point which proved to serve as resistance on the yesterday's interaction as after the interaction has been made a minor pullback occurred.

Looking at the increase from Monday I think that we are currently seeing the development of its 5th wave which could end as a truncation considering the resistance found at around $78 but the increase could continue for a bit further as there is still more room to go. In either way, since the increase is soon to end a higher degree pullback would be expected which if the price behavior is impulsive is going to be the 2nd wave of a higher degree and is likely to end as a retest of the broken descending resistance level.

The target price for the expected decrease would be around the purple interrupted level around $72.4.

EOS/USD Price Analysis

The price of EOS has increased by little over 10% from Monday's low at $4.61 measured to yesterday's high at $5.07 which is the weekly high so far. Like in the case of Litecoin the price has pulled back from yesterday slightly but started increasing immediately after and is close to the levels of the yesterday's high at the moment as is currently being traded at $5.0199.

On the hourly chart, you can see that the price has ended its Y wave from the WXY correction that started on the of April and came down to the significant horizontal level at $4.58 for a retest of support. As the support level got retested and proved to serves as support once again an immediate correctional increase occurred before the one from Monday.

The price currently above the minor horizontal support level at $4.9 and still inside the territory of the ascending channel which is why this movement could still be the part of the same correctional structure but as the price moved impulsively from Monday I think that more likely we have seen the end of the correction.

If this is true, then the price of EOS is now headed for another higher degree increase above the prior high at $6 but further confirmation is awaited and will be seen either as another retest of the support level at $4.58 or would preferably end a bit higher if the increase seen from Monday is the first wave out of the higher degree impulse in which case the price cannot go below the Monday's low level.

Conclusion

The cryptocurrency market has experienced an increase from Monday which appears to be over as the charts of the major cryptos are showing signs of the significant resistance reached. This increase broke in some case the downtrend resistance and as the correctional counts are showing we might be seeing the start of the expected final impulsive wave to the upside, but the increase could very well be the part of the same correction that started on 3rd of April which is why we are still to await a clear confirmation in the form of a breakout.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,BCH): May 1, 2019

Bitcoin BTC/USD Analysis

From yesterday’s low at $5437 the price of Bitcoin has increased by 3.97% as it came up to $5652 at its highest point today. Currently, the price is being traded slightly lower but is holding above the $5615 level which is a good sign.

On the 15-min chart, we can see that the price of Bitcoin exceeded the horizontal resistance level at $5562 and came up to the vicinity of the prior high which is the presumed 5th wave out of the Minute count. The price also came close to the significant interrupted ascending trendlines which haven’t been confirmed still but have proven to offer strong resistance in the past.

As the price moved to the upside in a five-wave manner from yesterday’s open I am considering that the increase seen from Friday could also be a higher degree five-wave move which could, in that case, be the start of the next impulse wave to the upside.

The structure looks corrective which is why I am hesitant to call out the increase as the beginning of the next move to the upside of a higher degree an, in particular, considering that none of the significant levels have been broken.

The price did go over the horizontal resistance at $5562 but it’s still inside the territory of the ascending channel from 3rd of April which is considered to be a correctional structure after the 3rd wave of the Minute count ended.

The Minute five-wave increase ended according to my count which is why I was expecting a higher degree move to the downside which would have been the 4th wave out of the higher degree impulse wave.

This 4th wave could have ended on the last Friday’s low in which case the increase that followed could be the start of the 5th impulse wave to the upside, but until we see a proper breakout nothing can’t be said conclusively.

Ethereum ETH/USD Analysis

From yesterday’s open at $158.2 the price of Ethereum has increased by 8.75% as it came up to $172.4 at its highest point today. Since then the price has decreased slightly and is currently sitting at around $168.5

On the 15-min chart, you can see that the price of Ethereum moved impulsively to the upside and in a five-wave manner. As the increase ended now we are likely to see a pullback to around $162 level if this was the start of the next impulsive move.

The price came up to the 1 Fib level which level of the previous high which serves as significant resistance point and is the reason why we’ve seen an immediate pullback below it after the interaction occurred.

Zooming out on to the hourly chart you can see that the interaction with the significant descending resistance level has been made which is the outline of the descending channel inside whose territory the price has been since 8th of April.

As an interaction ended as a rejection a higher degree retracement would now be expected from whose depth and momentum we are to reevaluate the count. As you can see the price action is in a corrective stage which has been labeled as an WXY correction which might not have ended in which case we are seeing another lower degree ABC correction to the upside.

If this is true, then the price of Ethereum will go below the horizontal blue line at around $165.5 which is the ending point of the previous increase, but if the price finds support there and continues increasing again and starts going above the descending resistance line we have likely seen the end of the WXY correction as this move would develop as a five-wave impulse.

Bitcoin Cash BCH/USD Analysis

From yesterday's open at $229.8 the price of Bitcoin Cash has increased by around 20% measured to the higher point the price has been today which is at $276.8. Since then the price has pulled back slightly and is currently sitting at around $265.

Looking at the 15-min chart you can see that the price of Bitcoin Cash increased in a five-wave manner from yesterday's open which indicates impulsiveness and considering the fact that the increase made was around 20% it could definitely be the start of a higher degree impulse wave. If this is true then the price is now headed for a higher degree 2nd wave which is corrective in nature and could bring the price back by around 8% from the current levels as a retracement to the 0.618 Fib level or the next one at 0.786 would be expected.

If this occurs the price of Bitcoin Cash is set to complete a retracement around $240 area before we see an uptrend continuation, but if the price continues moving lower then the levels of the yesterday's open the projection would get invalidated.

Zooming out on to the hourly chart, we can see that the price of Bitcoin Cash is still inside the territory of the descending channel in which it was since 15th of April and has come up for interaction with its resistance level where resistance was found.

The structure looks corrective as I've counted the sub-waves which have shown the end of the WXY correction count. As after the presumed Y wave ended we've seen a five-wave impulsive increase it looks like the correction might have ended but since the price is still inside the territory of the corrective structure we could be seeing the prolongation of the corrective structure in which case the today's increase would be the second wave X.

This will soon get validated as the price has ended its five-wave increase so a retracement would be expected before the price could breakout from the structure on the 3rd and the wave with usually the highest momentum.

Conclusion

The market has experienced an increase in the last 24 hours with the prices of the major cryptos showing signs of impulsiveness. This could mean that the next impulsive move to the upside has started but as the prices of the major cryptos covered in today’s analysis are showing signs of weakness as they’ve met with their significant resistance points this increase might be a further prolongation of the correctional movement from the beginning of April.

No clear confirmation was made which is why it is still awaited and will be seen a breakout from the currently seen correctional structures with whose resistance levels the prices have interacted with today.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 30, 2019

Bitcoin BTC/USD Market Analysis

From last Monday when the price of Bitcoin was $5266.5 at the open we have seen an increase of 7.27% until Wednesday when the price came up to $5649. Since Wednesday the price of Bitcoin experienced a downfall below Monday's open as the price came down to by 8.23% at its lowest point on Friday when it was sitting at $5185 at the open and even spiked lower to $5056. Over the weekend we have seen another increase as the price started recovering but the increase ended on Sunday when the price reached the horizontal resistance at around $5562 from where another minor downtrend has started.

On the hourly chart, you can see that the price action formed an expanding triangle from Sunday until today as the attempt for a breakout to the upside is currently being made. The price looks like it found some strong resistance as indicated by the wick from the upside seen on the last hourly candle so we are yet to see if the attempt ends as a fakeout.

As Wednesday's high was most likely the 5th wave out of the five-wave impulse to the upside we could be seeing the correction of a higher degree starting to develop in which case the two outlines structures would be its two sub-wave and is why they have been labeled as two ABC corrections. The weekend's increase has developed in a three-wave manned and as the price fell below the $5416 level and entered the territory of the B wave it confirmed that we aren't seeing a five-wave move to the upside developing but that the increase indeed ended as a three-wave correction.

The price is still inside the territory of the ascending channel with whose support level the price interacted on Friday's low, so we could still be seeing the development of the same correctional structure that started on 3rd of April. This would mean that the 5th wave hasn't ended but since I've counted five sub-waves I think that it has which is why now I would be expecting a breakout to the downside which would be the 4th wave of the higher degree with another and the final increase expected after.

Ethereum ETH/USD Market Analysis

From Friday’s low at $154.53, the price of Ethereum has increased by 7.56% measured to the level the price is currently being traded which is at $166.5. The increase made was a recovering one as the price previously fell by around 13% from $177.48 at its highest point on Wednesday last week.

Looking at the hourly chart you can see that the price of Ethereum came down to the minor horizontal level on Friday which was the previous range resistance level where interaction has been made.

The price found support there as immediately after the price experienced gains but has now come to the significant ascending trendline which is serving as resistance. Ethereum’s price has been in a descending channel from 8th of April so now that it has interacted with its support level on Friday an interaction with the resistance would look likely.

As we are seeing the price struggling to keep up the upward momentum it might not reach the channel's resistance before another downturn starts. The Friday’s spike to the downside could have been a retest of the 1st wave’s ending point in which case the seen increase could be the start of a breakout to the upside as the correction ended but it looks like the price is still in the corrective stage, considering the wave structure.

If we see an immediate downfall from here as significant resistance has been reached another retest of the horizontal level at $148.2 would be expected before the 5th wave starts but if the price continues moving above the current resistance and breaks from the descending channel we could be likely seeing the development of the next impulse wave.

Ripple XRP/USD Market Analysis

From last week when the price of Ripple was sitting around $0.33 at its highest, we have seen a decrease of 12.37% until Friday's low at $0.28952. Over the weekend the price has started recovering and came up to $0.31209 but from there again fell to the $0.3 level yesterday.

From yesterday's low at around $0.3 the price of Ripple has started increasing again and came up by 6.12% today, reaching $0.32 and spiking even further up. On the hourly chart you can see that the price attempted to breakout from the territory of the descending channel in which it was since 3rd of April but clearly found strong resistance around the 0.236 Fibonacci level which intersects some of the significant support levels that were broken with strong momentum and are now serving as strong resistance points.

The correction from 3rd of April might have ended as I've counted the sub-waves and believe that the Y wave ended but since the increase from Friday looks three-wave-ish we could be seeing the prolongation of the mentioned correction in which case the weekend's recovery would be the second wave X. This means that another move to the downside for a lower low could occur, but that will soon be validated by the price action movement as if the price continues moving to the upside and finds support around the current levels we have likely seen the end of the correction.

If the price, however, starts immediately dropping and enters the territory of the descending channel we are likely to see another lower low before the correction is over, and the most likely target would be below the 0 Fibonacci level which is the starting point of the correction of a higher degree that started on 15th of December.

Conclusion

The market is still showing corrective price action movements even though a slight increase has been seen on the charts of the top 3 major cryptos. This increase could again be the start of the expected move to the upside but as some of the key resistance points have been reached an immediate downtrend is expected.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 29, 2019

Bitcoin BTC/USD

From Friday's open at $5187 which was also the lowest the price has been from 16th of April, we have seen an increase of 6.75% on Sunday when the price came up to $5537.6. Since then the price has been in a minor downtrend and has led the price to spike slightly below the $5400 level around which the price is currently being traded.

On the hourly chart, we can see that the price of Bitcoin fell to the significant ascending support level on Friday's low where it found support, as the price came spiking to the upside after the interaction has been made. The price increased in a three-wave manner to the upside until it came up to the horizontal resistance level at around $5562 where it found resistance and started moving to the downside.

The price action is forming another minor descending expanding triangle which could be the fractal of the previous higher one made by the corrective structure labeled as the first ABC after the impulsive 5th wave ended. As after Friday's low which was the ending point of the first ABC we have seen a three-wave move it could be the second ABC correction to the upside from out of the higher degree three-wave correction. This means that now seen expanding triangle could be the starting structure of the third ABC correction and considering the fractality it looks likely.

If this is true, then we are going to see another interaction with the resistance level of the expanding triangle around the $5460-5470 level which is also a minor horizontal significant level before another move to the downside which would be likely to end on the significant ascending trendline – the support level from the ascending channel of a higher degree. As the price is still inside its territory we might be seeing the start of a breakout to the downside which we are going to see from the expected interaction with the ascending trendline.

Ethereum ETH/USD

From Friday’s low at $154.9 the price of Ethereum has increased by 7.19% over the weekend as it came up to $165.59 at its highest point on Sunday. Since then, the price has started moving to the downside and spiked down to the $157 level at its lowest point today but has recovered slightly and is currently being traded at $159.

Looking at the hourly chart you can see that the price of Ethereum has fallen below its significant ascending trendline which was the major support level on the way up but landed on the lower one where it did found support.

These ascending trendlines are in conjunction with the upper interrupted one constituting an ascending triangle seen on the higher time-frame in which the price action is developing from 15th of December and is considered to be a corrective structure before further downtrend continuation.

The price fell to the support level at around $147 on Friday which is the presumed first wave’s ending point and the beginning of the 1st wave out of the five-wave move to the downside. As the price quickly increased impulsively after an interaction we might be seeing the start of the next move to the upside which is set to go for interaction with the ascending triangle’s resistance level above which would bring the price of Ethereum to around $200.

Another low might occur before we see the start of the expected upside movement but only again to the $147 horizontal support as if the price continues moving lower the count would get invalidated.

Ripple XRP/USD

The price of Ripple has increased by 7.54% over the weekend as it came up from $0.28953 on Friday’s open to $0.31137 at its highest point on Sunday but after the price came up to those levels it started decreasing again with strong momentum to the downside and came down by 3.77% to $0.29983 at its lowest point today.

The price is currently being traded above the $0.3 level and could likely continue increasing as the descending trendline from the channel inside whose territory the price is bouncing from 3th of April. This would lead the price of Ripple back to $0.313 level where the minor horizontal support level is now serving as resistance.

On the hourly chart, you can see that the price is in a descending channel and has made a three-wave move which has been labeled as a WXY correction. Counting the sub-waves I think that the Y wave ended on Friday’s low, but I don’t believe that we have seen the end of the downside move.

Most likely the correction is going to end as a five-wave correction with the increase was seen over the weekend is the second wave X. This means that after an interaction with the descending channels resistance level another strong downfall would be expected below the significant horizontal support level at $0.29405 which got surpassed to the downside on Friday.

If this occurs the price is likely to go to the 0 Fibo levels at $0.2852 which is the next significant support level and the beginning point of the corrective increase from 15th of December but if the price starts moving below it the next target would be at around $0.266 which is 6.87% lower from the 0 Fibonacci level.

Conclusion

The cryptocurrency market has been in a sideways range over the weekend but an increase has been seen from Friday’s opening which was also the lowest point the market has been from 16th of April.

This sideways increase was most likely consolidative after the initial drop seen on Wednesday which is why another downfall would be expected as it is likely going to end as a temporary stop before the trend continues for another low.

As the prices have fallen today a minor increase could be seen but only as of the continuation of the corrective increase we have seen over the weekend before another impulsive move to the downside starts.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 24, 2019

BTC/USD Price Watch

From yesterday's high at $5646 the price of Bitcoin came down by 3.68% to its lowest point today at $5438.3 and even spiked further down in short period leaving a wick on the hourly chart. The price is currently being traded at $5494.1.

On the hourly chart, we can see that the price found some temporary support around the vicinity of the second wave out of the previous correction but is likely headed further down if we are seeing the development of the 5th Minute wave to the upside which I believe it's likely. The price of Bitcoin has most likely ended its correction as a five-wave WXYXZ which was the 4th wave of the higher degree impulse wave to the upside.

The price of Bitcoin yesterday came up to the significant resistance level of the ascending channel made by the corrective structure and the upper resistance level of the ascending channel from the still unconfirmed structure seen on a higher time frame. As the price got rejected by the resistance found the level might get confirmed but further price action development is needed before a strong confirmation can be made in particular meaning that the next movement to the upside which would be the 5th wave out of the Minuette count shouldn't exceed it as well.

Bullish momentum has been stopped out and the price is still inside the territory of the ascending range which could mean that we are still seeing the development of the same correctional structure labeled as the 4th impulse wave of the Minute count. But as the price made a higher high and another one is expected we are soon to reassure the validity of the assumption. If we are seeing the development of the 5th impulse wave then the price cannot fall below the purple interrupted line at $5360 which is presumed to be the ending point of the 1st wave end the beginning point of the 2nd wave's territory which the price according to the EW territory cannot enter on the 4th wave.

The 5th wave could develop higher than projected potentially reaching the significant horizontal resistance at $5806.

ETH/USD Price Watch

The price of Ethereum has fallen by over 7% today as it came down from yesterday’s high at $177.24 to $164.81 at its lowest point today. The price is currently sitting around $166 as it found support at the 0.618 Fibonacci level which was presumed to serves as a support for the ABC correction that has started developing from 18th of April.

On the hourly chart, you can see that the price of Ethereum has been in a downtrend which is the presumed 2nd wave out of the higher degree five-wave impulse which is the 5th wave of the higher degree count. If the price continues moving below the starting point of the presumed 1st wave which is at $159 the count would get invalidated but for now, this is my main projection.

From here most likely we are going to see another move to the downside to the 0.786 Fibonacci level which is at $162 as the 2nd wave ends. After that, I would be expecting a trend continuation to the upside which would be the 3rd wave of the presumed impulsive move and is set to go to the horizontal resistance level at around $187.

If the price of Ethereum hasn’t ended its 4th wave from the Minor count and we are still seeing the continuation of the correctional structure from 3rd of April, the price could move further to the downside below the $157.63 level and could, in theory, go to the 1.618 Fibonacci extensions.

The price of Ethereum is now most likely to go to the presumed upper ascending resistance levels which are the resistance levels from the still unconfirmed ascending triangle but as the previous increase ended on its lower level it is starting to get confirmed and the next increase might just serve as to do so. That would lead the price of Ethereum to the vicinity of the $200-195 area but would be the end of the bullish upswing for the time being.

XRP/USD Price Watch

The price of Ripple has fallen by over 10% today, from yesterday’s high at $0.33045 to $0.29524 at its lowest point today.

Looking at the hourly chart you can see that my count got invalidated as the price of Ripple fell below the starting point of the presumed first wave of the expected five-wave move to the upside. The price fell below its highly significant ascending trendline which dates from 16th of July 2017 and was a major uptrend baseline support recently as well.

The price fell with strong momentum that was clearly needed for a breakout from the significant support but managed to stay above the next significant horizontal support at $0.29405.

Zooming out on to the 4-hour chart you can see the significance behind the horizontal level as it served as support after the price of Ripple ended its first impulsive increase.

The price made a WXY correction after but then instead of another impulsive increase we have seen an ascending channel which could have been the part of the same correction. If the ascending channel was the second wave X, the now seen breakout to the downside could be the start of the wave Z as the correction got extended by two more waves.

If this is true then the price of Ripple is now headed further to the downside with some correctional upswings in the process, out of which an interaction from the upside with the 0.236 Fibonacci level area would look most likely as it was the significant horizontal area that serves as a support and was now broken.

Conclusion

The prices of the top 3 major cryptocurrencies have been in a downtrend from yesterday with some of the cryptos experiencing a double digits decrease like in the case of Ripple. This slump could be temporary before another high or could be the start of the expected higher degree correction.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,XRP): April 23, 2019

BTC/USD

From yesterday's low at $5275, the price of Bitcoin has increased by 5.95% as its currently being traded at $5580. The price was moving sideways over the weekend and was in a minor downtrend yesterday, but since it came down to the mentioned low levels it started increasing impulsively.

On the hourly chart, you can see that the price came up to it significant resistance levels out of which the first one is a horizontal and the other is an ascending one. Both are significant as they are the upper outline of the range in which the price action has been stuck in for quite some time now and considering that they are intersecting around the current levels there we can assume that strong resistance would be found and judging by the looks of the current hourly candle the price might have already encountered it.

The price of Bitcoin has most likely ended its 4th wave correction, which started on the 3rd of April. We are now most likely seeing the start of another impulse wave to the upside which would be the 5th wave of a Minute count. This might not be true as the price still hasn't broken out from the ascending range in which it was from 3rd of April, so having that in mind we can potentially see another pullback to the downside for a retest of support before a proper breakout to the upside occurs.

As the price hasn't fallen below the median line on the previous minor ascending channel which is the support level from a higher, previous one we might see this happen if the currently seen interaction with the significant resistance level ends as a rejection.

If the price of Bitcoin continues increasing further and goes above $5640 I would consider that a breakout to the upside started, but if the price immediately starts decreasing from here we might see another decrease before a breakout.

ETH/USD

From yesterday’s low at $169 the price of Ethereum has increased by 5.36% as its currently being traded at around $178.11. The price is in an upward trajectory and has shown clear signs of impulsiveness.

On the hourly chart, we can see that the price went above the prior high level as it started increasing today from $171 area. Previously we have seen a movement to the downside which ended around the vicinity of the 0.5 Fibonacci level out of the last impulsive increase.

As a three-wave structure developed it was most likely the second wave out of the higher degree five-wave impulse wave that started after the correction of a Minute count ended. If this is true we are now seeing the development of the 3rd wave which is set to push the price of Ethereum to the horizontal resistance level around $187.7 or potentially even slightly higher to the 1.272 Fibonacci level.

This would be the final, wave 5 out of the Minor five-wave impulse of an even higher degree and is most likely to end around the vicinity of the upper interrupted ascending trendline which is the presumed resistance from the still unconfirmed ascending channel seen on the higher time-frame.

This means that when the increase ends I would be expecting the start of the higher degree downside move, but more on that in due time. For now, it is important that the price doesn’t fall below the 0.382 Fibonacci level as that would invalidate the count.

XRP/USD

From yesterday's low at $0.32119, the price of Ripple has increased by 2.73% measured to the level on which the cryptocurrency is currently being traded which is at $0.32988.

On the hourly chart, you can see that the price of Ripple came up to the prior high level where it most likely found resistance again as the price has been stopped out. The price managed to come above the 0.236 Fibonacci level yesterday and maintained to stay above it as the support was there. This is a good sign but since the increase was stopped out again at the same level as on yesterday's high we might see the price back below the Fib level again. If that happens the price is most likely headed towards the retested support levels on which it previously found support which is in price terms around $0.32.

The price more likely headed to the upside now that some support has been established on the previous downfall when the price interacted with the significant support levels and started increasing impulsively since, establishing support on the upper horizontal level. If the previous downfall was the second wave out of the higher degree five-wave impulse to the upside, now we are seeing the development of the third impulse wave which is set to exceed the 0.382 Fibonacci level as it was the ending point of the 1st wave.

LTC/USD

From yesterday’s low at $75.94 the price of Litecoin has increased by 6% as it came up to $80.5 at its highest point today. The price has retraced slightly since and is currently sitting at $79.179.

On the hourly chart, you can see that the price of Litecoin came down to the descending trending on Sunday and again on yesterday’s low as it was being tested for support once more. As the level served as support the price has started increasing again.

The price found resistance at the previous horizontal support as indicated by the last hourly candle. Now we are to see if this increase was only minor, correctional, before further downside movement or is it the beginning of a higher degree impulse wave to the upside.

As the price is in the median point of the currently seen structure both possibilities are equally probable, so if the correction inside the expanding range ended the move to the upside has started, and if the not further correctional movement would be expected.

Conclusion

The cryptocurrency market has experienced an increase in the last 24 hours but the increase hasn’t impacted the market significantly, even though in some case like in Bitcoins the price has exceeded the prior high, some of the most significant resistance points are still respected so we could be either seeing the start of the next impulsive move to the upside or we have seen another retest of the significant resistance point before further correctional movement.

This weeks Price Watch:

• Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) (April 22nd)

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 22, 2019

BTC/USD

From Friday’s open when the price of Bitcoin was $5320, we have seen sideways movement for the price action as the price fell down to $5240 on the same day after which an increase to $5365 was made, only to another downfall to $5261.

The price is currently sitting at $5342 and is in an upward trajectory as it found support around the $5270 on today’s low.

Looking at the hourly chart we can see that the price went below the median line of the current ascending channel which was the support level from the previous ascending channel and is now hovering around the level in a lookout for support/resistance.

The has been in a minor downtrend from Saturday which could have been the beginning of the higher degree downtrend that is set to lead the price for a breakout to the downside or at least for the retest of support on the lower ascending trendline.

As the price is currently above the median line this might not happen but since it hasn’t made a higher high compared to the one at $5366 we could be seeing the minor correction before the downtrend continues.

This whole structure, seen on the hourly chart from 3rd of April, is presumed to be the 4th wave out of the higher degree impulse wave to the upside so after it ends I would be expecting another increase.

The correction might have ended as a three-wave WXY on 12th of April, but since then we have seen more correctional movements which make it hard to say if the correction ended.

If the correction ended on the 12th of April the ascending structure that developed would have been the first minor five-wave impulse which would be the 1st wave of a Minute count, but as another three-wave ABC to the upside developed with the price dropping afterward below the 1st wave’s ending point it looks like the correction hasn’t ended.

This is why I am considering this last seen ascending structure to be the part of the same correction from the 3rd of April. The price is likely headed down from here somewhere in the $4800 zone before we see the end of the correctional movement.

If the ascending structure is the beginning of the first impulse wave out of the higher degree 5th wave of a Minute count it could be from 15th of April when we have seen a five-wave increase, but in that case the price should now fall back as the second wave should develop which is why a more do the downside would be expected now in either way.

ETH/USD

The price of Ethereum has moved sideways from the opening price on Friday as it came down from $175.36 to $170.7 from where another increase has been made to $177.23 which is was the prior high vicinity level. As the resistance found there was once again present the price started decreasing again and has come down to $168.84 on the weekends low before it again came up today to $173.2 at its highest point.

As the price is currently being traded around $171.9 and is a downward trajectory we might see the start of a larger move to the downside.

On the hourly chart, you can see that the price of Ethereum fell to the vicinity of the 0.5 Fibonacci level and has found some support there which caused the price to start moving to the upside. But as the prior support level was reached and is serving as resistance the price has started experiencing the seller's pressure and has started another move to the downside.

A decrease was expected to the vicinity of the 0.786 Fibonacci level if we have seen the start of the next impulsive move to the upside but as the price started increasing after a quick dip to the 0.5 Fibonacci level, the retracement might occur.

The increase sees today is a most likely correction and is the 4th wave from the lower degree of the C wave that is likely developing. This is why I would expect to see a lower low to at least 0.618 Fibonacci level before the decrease is over.

If this is true then the price of Ethereum is set to go to around $165 before the presumed 2nd wave of a higher degree 5th wave ends after which further increase would be expected. But if the price continues increasing and exceeds the prior high at around $174.4 where the horizontal resistance significant level is, I would consider that the minor correction ended.

XRP/USD

The price of Ripple has retraced further then expected but the projection is still untacked as the price hasn’t fallen below the starting point of the previous increase.

As you can see from the hourly chart, the price fell to its significant support level where support has been found as the price increased by 3.15% after the interaction. If we are seeing the start of the 3rd wave to the upside out of the presumed five-wave increase.

Today’s increase could be correctional if we are seeing a higher degree impulse wave from 18th of April which would, in that case, mean that the previously made increase from 15th of April was also correctional, but as I’ve counted 5 sub-wave this is not as likely.

In either way, since the price is currently in an upward trajectory we are going to see where the increase ends, which would serve as an early indication of the future price action movement.

As today we have seen an increase, a minor retracement would be expected before the next increase starts developing.

Conclusion

The cryptocurrency market has moved sideways over the weekend without clear indications on where the prices are heading next. As the charts are implying the next move is most likely to be to the downside which will validate the projected scenarios.

If the prices fall back to their minor support levels and start increasing from there it would most likely mean that the next upside move has started, but if the prices fall below their minor support levels it could mean further prolongation of the seen sideways/correctional movements.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,BCH,XRP): April 19, 2019

BTC/USD

From yesterday's high at $5341.8 the price of Bitcoin has decreased by 2.03% measured to today's low at $5233.5 but has recovered since and is currently being traded at $5292.9.

On the hourly chart, we can see that the price found support on the median line of the currently seeing ascending channel which is actually the support level from the higher degree one and serves as a significant support point.

The price action has still been bouncing inside the ascending channel which was formed on the 12th of April when the price of Bitcoin dropped by over 9% in one go after which a three wave ABC to the upside developed and then another sharp decrease. This movement could have been the third ABC correction of a lower degree which means that the correction could have ended on the 15th of April.

As the price increased in a five-wave manner afterward it could also indicate that the correction is over and that we are seeing the start of the next impulsive wave to the upside out of which the seen five-wave increase from 15th of April would be its first sub-wave. In order for that to be validated the price cannot go below the $5114 level as it is the territory of the 2nd wave from the last five-wave increase which looks like it ended on a slightly higher high as the 5th wave truncation ending diagonal.

Now that the 5th wave ended on the ascending channels resistance level as a rejection a downside movement occurred and from its depth, we are to see in which direction would the next structure lead the price for a breakout.

This whole ascending channel could be corrective in nature as prior to it a sharp decrease has been seen which would mean that another downside movement could occur before it ends. If that happens the price target for the decrease would be to some of the minor horizontal support levels inside the $4800 zone.

ETH/USD

From yesterday's high at $176.85 the price of Ethereum has decreased by 3.69% as it fell to $170.33 but has recovered since and is currently sitting at $173.63.

On the hourly chart, you can see that the price of Ethereum came up slightly above the horizontal resistance level at $174.4 with whom the interaction has been awaited but has fallen steeply after the interaction has been made, again validating the resistance point.

The price found support on the lower horizontal level at around $170 which is the prior high level of a higher degree and now correlates with the 0.382 Fibonacci level from the last increase range. As the five-wave manner impulse wave ended we are now most likely seeing the start of a higher degree downside movement which could be corrective in nature if the price started another higher degree impulse to the upside.

If this is true then the price would pull back to around the depicted area between the 0.618 and the 0.786 Fibonacci levels which are in price terms around $165-162 but if the price goes lower than that and continues moving below the $160 level the count would get invalidated.

Like in the case of Bitcoin the primary assumption is that the previously seen downside movement was the third wave of the three-wave correction that took place from 3rd of April, but there is still a possibility that the seen ascending structure from 12th of April could be the part of the same correction. In that case, another stronger move to the downside would occur below the prior low.

XRP/USD

From yesterday’s high $0.34831 the price of Ripple has decreased by 5.35% measured to today’s low at $0.32967 but since then another move to the upside has started with the price currently being traded at $0.33269.

The price of Ripple has ended its five-wave impulse on an interaction with the 0.382 Fibonacci level after which a sharp movement to the downside occurred which could be the ABC correction if we are seeing the development of the higher degree impulse.

We could see further downside movement if the correction hasn’t ended to the 0.236 Fibonacci level and potentially even below it if the count is invalid. The assumption is that the higher degree three-wave correction ended on the Monday’s low but we could be seeing the prolongation of the same correction in which case the upside movement would be its 4th wave.

If this is the case, then the price of Ripple is set for another lower low, below Monday’s low at $0.31639, although that is not as likely as the bullish projection.

As now the price is in an upward trajectory we are soon to see if it ends as a three wave correction or a five-wave decrease which will serve as an early indication of the future price action development.

BCH/USD

On yesterday’s high the price of Bitcoin Cash was sitting at $314.1 from where a shart decrease has been made of 6.36% as the price came down to $294 level at its lowest point today but is currently being traded slightly higher at around $299.1

On the hourly chart, you can see that the price of Bitcoin Cash fell to the vicinity of the 1st wave’s ending point after which a slight increase has seen which validates that the level served as support.

Now as the decrease seen from Monday most likely ended and is the 4th wave of a higher degree impulse to the upside the 5th wave should start developing, and with the price currently in an upward trajectory we could be seeing the start of the next impulsive move to the upside.

If this is true then the price of Bitcoin Cash is set to create a higher high compared to the one labeled as the 3rd wave at around $330. The optimal price target for the expected increase would be the upper ascending trendline from the still unconfirmed ascending channel of a higher degree which is in price terms around $344.6.

If the price, however, continues moving below the $290 level and enters the lower range the count would be invalidated as it would enter the territory of the presumed 2nd wave.

Conclusion

The cryptocurrency market has been still moving sideways with the prices of the major cryptos interacting with their significant resistance/support levels. As we haven’t seen major moves there still isn’t any indication of the potential price movements that are set to occur over the weekend, but the overall picture looks bullish.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,EOS,LTC): April 18, 2019

BTC/USD

From Monday’s low at $5033.8 the price of Bitcoin has increased by 5.5% measured to the highest point of the week which was made today when the price came up to $5310.

Looking at the hourly chart, we can see that the price of Bitcoin came up to the significant resistance level from the currently seen ascending structure which has started from April 12th. As the price got rejected by the resistance found there a rejection has been seen with the price currently being in a downward trajectory.

Prior to the ascending structure, a three-wave correction occurred so this could be a consolidative range in which the buyers are taking control again. It could very well be the continuation of the mentioned correction in which case this could be its 4th wave if the correction got prolonged. In that case, another 5th wave to the downside would develop.

As the price is now in a downward trajectory we are going to see if the breakout to the downside occurs but since there are two significant support levels below the price interaction with the first one which serves as a median line from the current range is expected and is about only 1% lower from the current levels.

If the price starts moving below it the next one would be the support level from the ascending structure that we are seeing currently and would bring the price of Bitcoin down to around $5115 and if the support hold and the price starts increasing again a breakout to the upside would look more likely.

As this correctional structure from 3rd of April is considered the 4th wave of a higher degree impulse another increase with a higher high is expected above the $5500 area but before the increase, we might see more downside movement if the correction hasn’t ended.

ETH/USD

From yesterday’s low at $166.44 the price of Ethereum has increased by 4.72% today as it came up to $174.29 at its highest point.

On the hourly chart, you can see that the price of Ethereum has come up to the significant horizontal resistance level which served as support for the upper range and was broken with strong momentum which both indicates significance.

Now that the five-wave move to the upside ended as an interaction with the significant resistance a downside move is expected which could either be a minor retracement if the five-wave move was the beginning of a higher degree impulse.

The other possibility is that we are seeing the continuation of the correction from 3rd of April in which case this upside movement seen from Monday could be the part of the same correctional structure an would result in another lower low compared to the one at around $158 which is currently being labeled as a Y wave of a Minute count.

If the price finds support on a higher low then the one at $158 and stars increasing again we would, in that case, most likely be seeing the start of the 5th impulse wave of a higher degree to the upside. But if the price continues moving below the mentioned level we would be more likely seeing the continuation of the correctional structure from 3rd of April which is considered to be the 4th wave out of the higher degree five-wave impulse.

LTC/USD

From yesterday's open at $81.894 the price of Litecoin hasn't changed much as its currently being traded at around $81.

On the hourly chart, you can see that the price of Litecoin has been moving sideways from the 12th of April when a decrease with strong momentum has been made. As the price previously ended its impulsive move to the upside, a correction started developing out of which we have seen three waves. This means that I could have ended with the current structure being a consolidative range before finally, the next move to the upside would start.

As you can see the current structure is an expanding one with higher highs and lower lows but since Monday when an interaction has been made with the support level, the price has been in an upward trajectory but still hasn't come above the prior high level before encountering significant resistance.

This is why we are soon to see if the structure would be a continuation of the correction which started on 3rd of April as now we are most likely going to see a move to the downside which could lead the price for a breakout to the downside. But if the price finds support above the prior low at $76.65 horizontal support level and starts increasing again a breakout to the upside would be expected.

EOS/USD

From yesterday's open at $5.5613 the price of EOS has fallen by 2.67% on yesterday's low but since then started increasing again and has managed to pull back up to the levels from which the decrease was made and is currently sitting around $5.515.

On the hourly chart, you can see a similar chart pattern like the one on the Litecoin's chart in a sense that a three-wave correction took place before the current structure which is in the case of EOS an ascending one. As prior to the formation of the current ascending structure a strong move to the downside was made in which the price of EOS decreased by over 14% the ascending structure could be the part of the same correction and has served as a retest of the broken support at around $5.58 which got retested today again.

The retest ended as another third rejection which could be the final one before we see a breakout to the downside and a continuation of the mentioned three-wave correction, but it could also be some consolidative price action before the 5th wave impulse to the upside starts. This is why the significant pivot point would be at the mentioned horizontal resistance level at around $5.58 and if the price manages to come above it the bullish scenario would be in play.

If the price starts decreasing now after another encounter with the horizontal resistance and goes below the currently seen ascending support line a bearish scenario would be in play as we are in that case most likely seeing the continuation of the correctional structure that started on 3rd of April.

Market Conclusion

The prices of the major cryptocurrencies that we have covered in today’s analysis are showing the end of the minor upward movement which started on Monday which is why now we are going to see a move to the downside.

From the depth and the momentum of the expected downside move we are to evaluate the validity of the projected scenarios but as the prices are showing that the three-wave correction has ended after which ascending structures started developing, the bullish scenario in which we are seeing the start of the next impulse to the upside looks more likely.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): April 17, 2019

BTC/USD

From yesterday’s open at $5038.9 the price of Bitcoin has increased by 5.17% measured to today’s high at $5299.5.

Looking at the 15-min chart you can see that the price came up to the significant resistance from the upper ascending line of the current structure and has got rejected there and went below the interrupted black line which is the significant resistance level of a higher degree and is retesting it from the downside again for resistance.

The structure from 12. of April is corrective and we are most likely seeing the continuation of its development as this increase could be the third ABC correction which would constitute the three wave B of a higher degree ABC correction.

As another increase could occur before the end of the current increase we might see a quick spike above the current resistance but the second attempt seen as a recent interaction could have been the 5th Subminuette wave which ended as the price got rejected.

This is why now I would be expecting another impulsive five-wave move to the downside that would set the price for a breakout to the downside below the lower ascending trendline which serves as a support for the current correctional structure from 12th of April.

The price target for the expected decrease would be at around $4800 area where some of the minor horizontal support levels are and have been the support baseline for the presumed 4th wave of a higher degree impulse to the upside.

ETH/USD

From yesterday’s low at around $160 the price of Ethereum has increased by 5.55% measured to the highest point it reached today which was at $168.87.

As the market is strongly correlated I am presenting an alternative count on the Ethereums chart which could be applied in the case of Bitcoin’s as well. The price came up in a three-wave manner from yesterday but if currently seeing downside movement finds support above the vicinity of the 1st wave’s ending point we might see another increase above the 1 Fibonacci level at $170.43.

This would mean that the increase seen from yesterday is the start of the next impulse wave to the upside which would be the final 5th wave after the 4th wave correction ended and is a continuation of the higher degree upswing.

If that is true than the previously seen downfall was the C wave of the third ABC correction which would constitute the higher degree three-wave correction and is the 4th wave from a higher degree impulse wave to the upside.

This differs from the projection laid out on the Bitcoins chart in a sense that the downward move seen on 15th of April was the continuation of the mentioned third ABC and not a minor correction that is in conjunction with the today’s increase the part of the same structure that could be considered a continuation of the B wave.

The validation point would be the depth of the current downside movement and the $164 level which is the beginning of the 2nd wave’ territory in which if impulsive the price cannot enter. So if the price goes below it the bearish scenario with another lower low before the start of the next and the final higher high would be in play.

XRP/USD

The price of Ripple has increased further than the previously analyzed coins as an increase of 7.62% was seen from yesterday’s low at $0.31788 to $0.3422 at its highest point today.

The 15-min chart looks bullish like in the case of Ethereum as we could have seen the end of the three-wave correction on Monday’s interaction with the significant support levels. As the support was clearly present an impulsive move to the upside has been seen out of which the 4th wave has been establishing support above the 0.236 Fibonacci level at $0.325.

Now that the 5th wave to the upside is developing and has come to the horizontal resistance level of the prior structure a retracement would be expected in particular if we are seeing the start of the next impulsive move to the upside.

From the depth of the retracement, we are to see the potential of the presumed projection as if the price makes a higher low and doesn’t fall back below the significant support area around $0.316 we could be seeing the start of a higher degree impulse.

But if the price continues moving below the mentioned support area another lower low would be expected which could be the continuation of the three-wave correction of a higher degree.

BCH/USD

From yesterday the price of Bitcoin Cash has been moving sideways as it started from $309 at the open, increased to $322.4, fell again back to $303 level which is the minor horizontal support after which another increase to around $321 area has been seen. But as the price encountered the same resistance another downtrend has started with the price currently sitting at $310.

On the 15-min chart, you can see that the price of Bitcoin Cash broke out form the symmetrical triangle on the upside at first but came back to its support level again today for a retest of support.

This could indicate that the 5th wave to the upside has started but it could also mean that there isn’t enough momentum for a breakout to the upside for the 5th wave to start which is why the further establishment of support is needed.

The price is currently interacting with the support level but there aren’t any signs that it’s going to serve as support for much longer which is why I would be expecting another downfall for the price of Bitcoin Cash to around the vicinity of the ending point of the A wave from the ABC correction which has been formed as the 4th wave from the higher degree impulse to the upside.

As the 4th wave cannot enter the territory of the 2nd, if the price continues moving lower and goes below the $290, the count would be invalidated but I believe that it wouldn't as another increase before the start of the downside movement looks more likely.

Conclusion

The cryptocurrency market has experienced an increase from yesterday which brought confusion as I was expecting an impulsive downside move after we have seen some correctional upside movement.

This is why I still think that the increase seen is the part of the same upside correctional movement and that another lower low is to be expected before we see another run-up but the next and the final impulsive move to the upside could have started as some of the charts imply.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,BCH,XRP): April 16, 2019

BTC/USD Forecasting

From yesterday's high at $5222 the price of Bitcoin has decreased by 4.58% measured to today's low at around $4980 which was only a quick spike as the hourly candle closed at $5031. Since then the price has made a slight recovery and is currently in an upward trajectory sitting at $5106.6.

Last week the price of Bitcoin experienced sideways movement from Monday until another spike to the upside was made to $5483.5 on Wednesday. But straight after the price started plummeting down with strong momentum and made a downfall of around 10% in one go as it came down to $4935.7 on Friday. This downfall has led the price below the support line of the ascending channel but the price managed to go back inside its territory.

As the price continued increasing it was hovering around the support level. But since it came up to the significant resistance and got rejected after the interaction the support level was broken yesterday.

If the price action movement from 5th of April till 10th was correctional, and I believe that it was as the wave structure looks more corrective than impulsive, we are most likely seeing the continuation of the higher degree three-wave correction. In this case, the downside movement which started yesterday would be the C wave of the third ABC correction.

This three-wave correction would be the 4th wave out of the higher degree five-wave impulse wave. So after it ends another final increase would be expected. But if the 5-10 April increase was the 5th wave and the previous three-wave downfall was the 4th, we could see the start of the impulse wave to the downside which started on the 10th of April.

From here the price is expected to go to another low, potentially ending on some of the minor horizontal support levels in the $4800 zone.

ETH/USD Forecasting

From yesterday’s high at $170.8 the price of Ethereum has decreased by 8.46% measured to the lowest point the price has been which is at $156.3. Since then the price made an increase to $164.34 which is today’s high but started moving to the downside and is currently sitting at $163.21.

On the hourly chart, you can see that the price of Ethereum has started falling down below the minor support point which is currently being retested from the upside as the price managed to pull back up above it today but the support most likely isn’t going to be there as strong momentum was shown yesterday.

The price of Ethereum has started decreasing even strongly last week on April 10th and has fallen from $184 to $163.2 which was a decrease of 11.22%. This decrease has been made in a five-wave manner and is most likely the third wave from the higher degree five-wave move to the downside which started developing after the price ended its upward ABC correction on 8th of April.

The price also broke some of the significant support levels, namely the presumed ascending channels support level and the horizontal support at around $167. After those support levels got broken the price came up to the 1 Fibonacci level at around $170 where it got rejected as the resistance was found. This has set up the price for more downside which is why we have seen yesterday’s decrease.

If the projection is valid we are to see another move to the downside as the 5th Minuette wave should develop fully and could end around the vicinity of the C wave from the first ABC correction to the downside at around $155.

XRP/USD Forecasting

From yesterday's high at $0.33307 the price of Ripple has decreased by 5.7% measured to its lowest point today which is at $0.3141. The price made a small recovery to $0.32328 but again started decreasing and is currently sitting at $0.3206.

On the hourly chart, we can see that the price broke the support around the 0.236 Fibonacci level on yesterday's downfall and has found support on the minor horizontal support level and the significant ascending trendline which is the “baseline support” from July 2017. It offered to serve as the last support point but the price went above it numerous times which makes it only as a significant oriental point.

Looking at the wave structure, we can see that the price is most likely in a three-wave correction from 5th of April when the spike to the upside was made above the 0.5 Fibonacci level. If we are seeing the development of the third correction more downside would be expected as the C wave should develop fully. The price could make another low to the lower horizontal support level at around $0.3131, but depending on the momentum we might see a deeper spike.

BCH/USD Forecasting

From yesterday’s high at $335, the price of Bitcoin Cash has been decreasing and came down today to $298.5 at its lowest point which was a decrease of little over 10%. From yesterday the price started increasing again but came up only to the half-range of the previous drop before it encountered significant resistance.

Looking at the hourly chart, we can see that the price of Bitcoin Cash is in a five-wave increase from Friday when the price came down to $262.7. Now we are most likely seeing the 4th wave correction from the mentioned five-wave impulse which indicates that another higher high is to be expected when it ends.

The price action has formed a symmetrical triangle (not labeled) by the last corrective structure which could be interpreted as a bull flag considering the market context but I believe that we are going to see a move to the downside before the increase continues.

The target for the ending point of the 5th wave would be at around $343.8 where the upper ascending trendline is but could end on the lower one if we see truncation.

Crypto Market Conclusion

The prices of the major cryptos are still in the sell zone as the market is experiencing downside continuation. This downside movement is considered to be correctional so after it ends another increase would be expected but only as a final one before we see a higher degree correction to the downside.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 15, 2019

BTC/USD

From Friday's low at $4984, the price of Bitcoin has increased by 4.7% measured to the highest point today which is at $5218. Since then the price has started moving to the downside and has decreased by 0.87% and is currently sitting at $5174.3.

On the hourly chart, we can see that the price of Bitcoin found support at the ascending channel's support level which has been unconfirmed before the Friday's interaction as the price at first came down below it, but quickly made a recovery back inside the territory of the channel and has been in an upward trajectory supported by the channels lower outlined level. Now that the price came up to the lower resistance level from the ascending channel of a higher degree an interaction has been made which looks like it is going to end as a rejection.

If the lower interrupted level serves as resistance again the price is headed for a breakout to the downside from the minor ascending channel on whose support level the price has relied on to keep up the upward movement.

The ascending channel that we are seeing on the hourly chart could be correctional in which case it would be the 4th wave of a higher degree. If that is true than the upward movement that we have been seen from Friday could be the beginning of the next impulsive increase to the upside. But considering the lack of momentum and the significance behind the resistance point above it looks like the price is headed for another downturn before we could see some impulsive increase.

I have examined the last upward wave structure and have counted three waves with the current one still in development. As now the price is in a downward trajectory it the decrease stopped at around $5139 it could be the 4th wave out of the last five-wave increase which would mean that another retest of the upper resistance could occur as another interaction that could trigger the sellers.

As there are three waves the structure could be correctional as an ABC correction to the upside after we have seen a five-wave downfall which could be the second wave out of the higher degree three-wave move to the downside. In that case, the price of Bitcoin is set to go down to $4720 area. But if the current increase continues for two more waves it would most likely mean that we are seeing the development of the first wave to the upside of a higher degree.

ETH/USD

From Friday’s low at $160.55, the price of Ethereum has increased by 6.14% measured to the highest point the price has been today which is at $170.41. Since today’s high the price has pulled back slightly and is currently sitting around $167.45.

On the 15-min chart, I have laid out some of the possibilities that could occur in the upcoming period, namely a bullish one and a bearish one. Since the price came up to the 1 Fibonacci level and found resistance there another minor downtrend has started playing out.

This last downtrend could be the 4th wave if the movement from Friday is impulsive and should have ended now in that case as it made an interaction with the 1st wave’s ending point. If this is the case, then the price of Ethereum would now make another higher high optimally to the next horizontal resistance level at $174.4 which would be the 5th wave from the five-wave move.

If the five-wave move from Friday develops it would mean that the previous decrease was the ending wave of the correction that took place from Wednesday, April 3rd, which would mean that the increase seen would be the start of the 5th wave of a higher degree impulse.

But if we see more downside now below today’s low and the ending point of the 1rs wave from last Friday, that would mean that the increase seen has ended as a three-wave correction to the upside and is the 4th wave out of a higher degree impulse to the downside which would, in that case, imply that the previous five-wave move to the downside was the 3rd wave of a higher degree count out of the impulsive move to the downside with further lower lows ahead.

This is why the $167.2 level is serving as a validation point between the two outlined scenarios and is considered to be a significant pivot point today.

XRP/USD

The price of Ripple has been moving sideways from Friday more than other cryptos that have been recovering overall as they have made a slight increase. From Friday’s low at $0.32308 the price of Ripple increased by 4.06% on the following day as it came up to $0.33621 which was the weekends high as an immediate retracement occurred to $0.3247 which served as a horizontal support level over the weekend.

On the hourly chart, you can see that the price of Ripple managed to stay above the 0.236 Fibonacci level which served as support but the price hasn’t exceeded the Saturday’s high like in the case of other major cryptocurrencies.

As the sellers are clearly putting the pressure on the horizontal level a breakout to the downside could be expected, but since the price came down in a three-wave manner from April 3rd to the vicinity of the 1st wave of a Minor count ending point it could have been the 4th wave correction before another impulse wave to the upside starts.

If we see the price decrease further from here and enters the territory of the 2nd wave that would mean that the previously presumed 4th wave is actually the five-wave impulse to the downside which would likely mean that the price of Ripple is headed for more downside as the five-wave impulse to the upside ended. But since the structures look corrective I think that we are going to see an increase very soon after the currently seen sideways consolidation ends around the vicinity of the 1st wave’s ending point as it got retested on the 4th wave.

Conclusion

The prices of the top 3 cryptos according to the market cap have been more or less increasing from Friday. This increase could be the start of the next impulse wave to the upside which would be the last one out of the five-wave impulse that started on the 26th of March.

The other possibility would be that the increase seen from Friday is a corrective one which means that another lower low is to start developing shortly and would imply that the previous five-wave impulse to the upside ended.

This will shortly be validated as today the prices have made an interaction with the first wave’s ending point so it enters the lower range of the second wave’s territory the second scenario would be validated and vice versa.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,BNB): April 12, 2019

BTC/USD

From yesterday's high at $5328.5, the price of Bitcoin has decreased by 7.04% measured to the lowest point to the price has been today so far which is at $4953.1. Since today's low, the price has managed to come above the $5038 level which is a minor horizontal support point which is currently being retested again.

On the 15-min chart, we can see that yesterday's downfall was made in a five-wave manner which has been labeled as the C wave from the third Subminutte correction after last weeks impulsive increase ended. The price has made a dip below the support level from the presumed ascending channel in which the correction occurred and if now the price finds support there and doesn't continue its downside trajectory that would most likely mean that we have indeed seen a three-wave correction of a higher degree.

If this is true, then the price is now set to go for another higher high but as it is now most likely headed upwards it could make an interaction with the broken lower interrupted level which is the first level from what's presumed to be the resistance zone of the ascending channel of a higher degree. If the price find resistance at around $5208 and starts again moving impulsively to the downside the increase could be the second wave from the higher degree downmove, but if the price manages to enter the territory of the resistance zone above and stays inside it for some time we might see a breakout to the upside for a higher high.

These wave structures are looking corrective so I don't believe that we have started seeing the development of a higher degree downtrend but this would soon be validated.

ETH/USD

From yesterday’s high at $177.15 the price of Ethereum has decreased by 8.54% measured to the lowest price has been which is at $162. The cryptocurrency is currently being traded at $166.6 as a small recovery has been made.

On the hourly chart, you can see that from this week’s Wednesday the price fell down in a five-wave manner which indicates impulsiveness and has found some temporary support around the still unconfirmed support level from the ascending channel made by the price action from last week’s Wednesday.

Like in the case of Bitcoin the seen five-wave decrease could be the start of an impulsive decrease but it looks like it is still the part of the corrective structure as the previous increase made from last Friday and ended on Monday looks more corrective then impulsive which is why I have labeled it as an upward ABC correction.

If this proves to be true the price of Ethereum is headed for another final higher high out of the higher degree Minor 12345 move which could push the price for interaction with the upper interrupted ascending trendline which is presumed to be the significant resistance from the ascending channel of an Intermediate degree.

The level that should be looked at is the horizontal resistance found at around the 1 Fibonacci level or its upper equivalent around $174 area. If the price gets rejected there further downside would be expected like depicted on the chart above but if it continues moving upwards the previous Subminuette downfall was most likely the wave C from the third ABC correction of a Munuette count.

BNB/USD

From last Wednesday when the price of Binance coin reached $20.56 at its highest point until yesterday when the price came down to $16.43 we have seen a decrease of 19.94%.

On the hourly chart, you can see that the price of Binance coin decreased in a five-wave manner from Wednesday which could be the start of an impulsive move to the downside as previously the price has been in an uptrend from 15th of December which recovered the price for over 357%. The impulsive move to the upside might not have ended in which case the last downside movement could be another correction before the final wave to the upside which I think its more likely as the last Wednesday's increase has been labeled as the 3rd wave out of a higher degree impulse wave.

Now that the price found support on the minor ascending trendline and has started moving to the upside with strong momentum, increasing by 7.92% from yesterday's low we are about to see what happens around the 0.786 Fibonacci level which serves as a significant resistance point. If the price continues moving above it we are most likely seeing the continuation of the higher degree impulse but if it gets rejected and stars impulsively moving to the downside again, that could indicate the end of the bullish period for the price of Binance coin.

If the price continues moving to the downside, however, the previously seen five-wave move could be the first wave of a higher degree impulse which could indicate that the price of BNB has reached its highest point in a while.

Conclusion

The cryptocurrency market has found some temporary support as seen on the charts of the covered cryptos in today's analysis, so we are now about the see if it was the part of the correctional movement from last Wednesday with a higher high on a horizon or was it the start of the expected downtrend after the impulsive bullish momentum ended last Wednesday.

The likelihood of the first scenario is higher as the increase seen from last Friday throughout the weekend looks corrective, but if it was the 5th wave of a higher degree impulse the yesterday’s decrease is likely to be the start of a higher degree move to the downside.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,EOS,LTC): April 11, 2019

BTC/USD

From yesterday’s high at $5481, the price of Bitcoin has decreased by 8.8% measure to the lowest point the price has been which is at $4999.3

The price has started falling down fast since yesterday’s high as the majority of the decrease occurred in a matter of hours and as the price is still in a downward trajectory we are yet to validate if we are seeing the start of a new downtrend or is this a minor retracement before another higher high.

On the hourly chart, we can see that the price came up to around the upper still unconfirmed resistance level which could be confirmed as a resistance point now that the price got rejected there and started falling down.

This resistance level was outlined as a potential ascending channel in which the price has been correcting since the 15th of December when the first impulsive move to the upside started. Now that the price came up to those levels and got rejected the downside movement we are seeing could be the start of a higher degree impulse wave to the downside or could be a minor retracement before another retest which I think its more likely at this point in time.

As according to my count we are seeing the development of a three-wave correction to the upside from 15th of December, the increase we have seen from 8th of February is the third wave which is the five-wave impulse and as it hasn’t ended we are now more likely seeing its 4th wave developing before another increase is to occur.

ETH/USD

From yesterday’s high at $183.73 the price has fallen by around 12% as it came down to $161.66 at its lowest point today.

The price has fallen down to the still unconfirmed ascending channels support level which could be the corrective structure developing after the previous impulsive increase ended.

As we are now seeing shart downside movement the decrease seen could be the beginning of the downtrend that has started after the five-wave impulse wave to the upside ended on the interaction with the higher degree ascending structure that has developed from 15th of December but for now, looks like the part of the same correctional structure that occurred last Friday.

Now we are most likely going to see some upside movement which is either going to be further correctional movement so if the price breakouts out further to the downside the scenario in which we are seeing the start of the new downtrend developing would be confirmed.

LTC/USD

From yesterday's high at $91.318 the price of Litecoin has decreased by 12% measured to the lowest point the price has been today at $79.87. The price has been in a downtrend from Saturday when it came up to around $98 in which the price decreased by around 20% and is still moving to the downside.

Looking at the hourly chart, you can see that the price of Litecoin is in a corrective stage after the price increased parabolically last week and as I have counted the sub-waves of the corrective structure we are now seeing its third component developing. The RSI is signaling extremely oversold conditions as it came down below 20% mark.

This third ABC correction would be the third wave of a higher degree corrective count which is why after a bit of more downside I would expect to see the start of another move to the upside very soon. If previously we have seen the ending point of the 5th wave of a higher degree the now seen correction could be the start of a higher degree move to the downside, but as it has developed in a three-wave manner it could be a retracement before another upswing if the 5th wave hasn't ended.

From the momentum behind the expected upward move we are to evaluate the likelihood for the projected scenarios but for now in the short-term I would be expecting a corrective upswing, potentially reaching a higher high compared to the last week's one but if this occurs it would be the last increase before an impulsive move to the downside starts.

EOS/USD

From yesterday's high at around $6 the price of EOS has fallen by 12.6% measured to the current level on which the crypto is being traded at $5.3 which isn't the lowest price has been as it spiked down to $5.1 but the hourly candle closed above as the buyers have stepped in and are currently holding the price.

Looking at the hourly chart you can see that the price came down to the still unconfirmed support level of the ascending channel which is validating my assumption that the previous increase was corrective in nature and not a continuation of the upward momentum we have seen ended last Wednesday when the price of EOS increased by 61.83% reaching $5.847 at its weekly high.

As the price encountered the most significant resistance point to the upside a correction started developing with the price at first falling down by 16.25% after which an increase of 22.43% occurred and now another downfall. This could movement that we have seen from last Wednesday is most likely to end as a higher degree of three-wave correction.

As the RSI is signaling oversold and the price reached minor ascending support level an upward movement is now expected which could be a continuation of the bullish momentum that we have seen from last week and would be the 5th wave of Minor count impulse wave.

If the 5th wave ended however the now seen sideways movement could be the part of a higher degree correction that is set to serves as a consolidation point between the buyers and the sellers before the sellers take control again.

Conclusion

The cryptocurrency market has decreased as expected as previously we have seen some correctional upside action. The decrease seen is for now considered to be a minor retracement before another and final higher high from the last impulse wave but if the price starts further falling down it could indicate that the expected downtrend has started as the impulse wave to the upside ended.

Current Crypto Market Snapshot:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 10, 2019

BTC/USD

From yesterday’s open at $5317.3 the price of Bitcoin has decreased by 2.64% at first as it came down to $5177.1 at its lowest point today but has since then increased again and came up to $5293.9 at on today’s high.

The price is currently being traded slightly lower, at $5276 but is still in an upward trajectory.

On the 15-min chart, we can see that the price of Bitcoin came up again to its significant horizontal resistance level on yesterday’s high when the interaction has been made. The level is significant as its the prior high level and is most likely serving as strong resistance as the impulsive upswing with strong momentum has been stopped out there.

The price attempted to surpass the level two times after the first ABC retracement but has failed to do so which is why it has created a cluster between it and the support offered by the still unconfirmed lower resistance line of the ascending channel of a higher degree.

After the first ABC ended an ascending channel was developed as the price continued increasing but since the increase looks corrective, judging by the wave structure, and hasn’t managed to pull the price above the significant resistance I think that it is the second corrective structure after the price of Bitcoin exponentially increased.

The ascending channel got broken from the downside on Monday, but the price found support on the unconfirmed lower resistance of the ascending channel of a higher degree. From there another attempt has been made but ended as a lower high which indicates that the buyers are starting to lose traction.

Today we have seen a minor breakout to the upside from the last unconfirmed structure which is a symmetrical triangle, but the price hasn’t come up to the horizontal resistance level yet.

Another interaction would be expected as the price is still in an upward trajectory but I believe that it is going to end as another rejection that is set to push the price back down below its current support level and potentially below the 1.618 Fibonacci level.

As the previous minor ascending channel has been labeled as a WXY correction the movement that followed could be its prolongation in which case the current upside movement would be its final wave Z.

The now expected downside movement would be a third correctional structure, most likely another ABC Zigzag which would in conjunction with the previous two correctional structures constitute a higher degree three-wave correction.

If this occurs I would be expecting to see the price of Bitcoin below $5000 again.

ETH/USD

From yesterday’s open at $183.87 the price of Ethereum has fallen by 4.2% at first at its lowest point today which is at $176.14 but has come up to the levels of the yesterday’s open at its highest point today, from where a minor retracement occurred.

The price is currently sitting at around $181.5 and has started to move to the downside again.

On the 15-min chart, we can see that the price of Ethereum came up to the significant horizontal resistance level today and since the interaction, a minor retracement has occurred, but the price has managed to stay above its current support level above $180 where the 3rd Minor impulse wave’s ending point is.

As after an impulsive increase we have seen last week on Wednesday we have seen a three-wave move to the downside I would have been the 4th wave which is corrective in nature. If this is true then the ascending structure we have seen followed was most likely the development of the 5th wave.

The ascending structure looks more corrective then impulsive which is why I think we are still seeing the development of the 4th Minor impulse wave but it could very well be the final 5th wave as a higher high was been made compared to the one which has been labeled as the 3rd wave.

Now that the price is in an upward trajectory if we see the continuation of the uptrend and the price managed to make a higher high, I would think that it was the 5th wave of a higher degree impulse, but if we see another downfall below the $180 I would consider that we are more likely still in a corrective stage of the 4th wave with another increase ahead as the 5th wave should develop.

XRP/USD

From yesterday’s open at $0.36347 the price of Ripple has fallen to $0.3511 at its lowest point today but started increasing immediately after and came up slightly below the level from which the downfall was made and is currently being traded around $0.359.

On the 15-min chart, you can see that the minor descending trendline got broken which could be an early indication that another increase has started but this won’t be validated until the price exceeds the 0.5 Fibonacci level.

As the price of Ripple made a substantial increase last week a shart downfall was made and is considered to be the 4th wave of a higher degree five-wave move. If this is true then the following structure is the 5th wave and in particular as the price came slightly above the 3rd wave’s ending point.

If we seeing the development of the 5th impulse wave the price is now headed for another higher high as the downward corrective movement we have seen from Friday would be the 4th wave of the Minute degree.

Conclusion

The prices have been struggling to keep up the upward momentum but have still been succeeding it. Even though the increase we have seen is slow it could be the continuation of the last impulse wave to the upside in which case a higher high would be expected.

The other possibility would be that the impulse wave to the upside ended in which case we are seeing the corrective structure after the downward movement starts.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): April 9, 2019

Bitcoin Price Prediction: BTC/USD Exchange Rate Value

From last Tuesday when the price of Bitcoin was sitting around $4192 at open we have seen an exponential increase for the price of Bitcoin as on the same day the price increased to $4894 which was an increase of around 17% in a matter of hours.

The following the day the price continued its upward trajectory and has come up by another 8.15% before a significant pullback occurred on Friday when the price fell by approximately the same as the previous increase, as it came down from $5327 to $4861.9 which was a decrease of 8.73%.

Over the weekend the price continued increasing and came up to $5332 level again which has proven to be a significant resistance point as the price previously came to that level which caused a sharp pullback, and has attempted another breakout yesterday but has been stopped out at those levels.

Today the price again came close to the horizontal resistance level before starting to move to the downside again.

The is still above the still unconfirmed ascending channel of a higher degree resistance level which serves as a minor support point as the price found support twice there, after attempting to surpass the most recent high level but failed to do so.

As we seeing clear signs of struggle the BTC price is now most likely to attempt another run up which could exceed the prior high if there's enough momentum in which case then I wouldn't expect it to go past the $5562 horizontal level intersection with the upper ascending trendline which serves as resistance.

The interaction with the area is expected but only as another attempt for the price to break out from the current structure which will most likely end as a rejection causing the price to start moving in a downtrend for a deeper retracement.

Ethereum Price Prediction: ETH/USD Exchange Rate Value

From last Tuesday when the price of Ethereum was sitting at around $143.21 at its lowest point, measured to $186.41 which is the highest point the price has been yesterday and is the weekly high so far, we have seen an increase of 30.1%.

From yesterday’s high the price has fallen by 5.53% to today’s low at $177.13 but started moving upwards again and is currently sitting at around $180.

With the price of Ethereum making a higher high compared to Wednesday’s one, we have likely seen the development of the 5th impulse wave out of the five-wave move to the upside. As the 5th wave hasn’t ended (indicated by the wave structure), another increase is expected before we see the start of the downtrend developing.

The price is expected to go to the 1.272 Fibonacci level which is in price terms at $194 but after it ends a move to the downside would be expected to start. This downside movement could be the start of the trend continuation if the seen increase was corrective in nature which I think it was, or it could be another retracement before further upside movement.

In either way, we are soon most likely to see the start of the downside movement from whos momentum and depth we are to see the likelihood of the projected scenarios. Read all of the ethereum price predictions here to see past movements for today's market.

Ripple Price Prediction: XRP/USD Exchange Rate Value

Last Tuesday, the price of Ripple was sitting around $0.31362 at the open. From there the price increased exponentially by around 19% like in the case of Bitcoin until the following day when it reached $0.374 area.

From Wednesday until Friday we have seen a sharp pullback of 11.57% as the price came down to $0.33 area but another increase with strong momentum was seen, recovering the price back to the levels from which the downfall was made.

Over the weekend we have seen a corrective decrease for the price of Ripple which pushed the price down to around the 0.382 Fibonacci level which serves as a support. Now that the interaction has been made with the Fibonacci level the price has started moving to the upside again.

From the current upside movement, we are to see the likelihood of another upswing but since the wave structure hasn't developed fully I think we are to see another increase which would be the 5th impulse wave out of the five-wave move to the upside.

Before the 5th wave should start developing the current correctional structure has to end, and we could see the prolongation with another move to the downside potentially before it starts. The price is set to interact with some of the upper Fibonacci levels for the 5th wave completion so the most optimal level I would be looking for is at the 0.786 or in price terms at $0.4177

Bitcoin Cash Price Prediction: BCH/USD Exchange Rate

From last Tuesday when the price of Bitcoin Cash was sitting at $162.7 at the open, we have seen an increase of 110.41% as the price came up to $351.3 on the following day. From there the price has started retracing and fell to $273.2 which was a decrease of 21.82% and has started moving sideways since.

As you can see from the hourly chart the wave structure implies that the increase we have seen last week was the 5th wave of the impulsive move to the upside ending as an interaction with the ascending channels trendline.

The structure that developed after the increase was made resembles the one after the price made the initial recovery from 15th till 24th of December last year which implies that the upswing has most likely ended.

If this is true then we are seeing the start of the downward movement like we did last time the price exponentially increased which is why now more downside would be expected for the price of Bitcoin Cash in the upcoming period.

Conclusion

The prices of the major crypto coins have been showing first signs of struggle as they have encountered their significant resistance points to the upside. In some cases, the price has a bit room to the upside but the start of the downside movement is getting close as in some cases it has most likely already started.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 8, 2019

BTC/USD

From Friday’s open when the price of Bitcoin was sitting at around $4906, we have seen an increase of 8.68% measured to the highest point the price has been today which is at $5332.9. The price has fallen from there by 3.73% as it came down to $5137.9 at its lowest today but is currently sitting at around $5208.

Looking at the hourly chart you can see that the price of Bitcoin came above the presumed ascending channels resistance level and has retested it on today’s low as it bounced from it but hasn’t come up to the broken support of the minor ascending channel that was formed from Friday.

Since the price was below the 1.618 Fibonacci level an impulsive move was made past the upper resistance and the price continued its upward trajectory for another higher high after the interaction with the resistance of the ascending channel which served as support. The higher high was made to the levels of the previous one made on 3rd of April and since then the price started impulsively moving to the downside.

This could mean that the 5th wave of the upward impulsive move has ended which would then implicate that now we could be seeing the start of the retracement. As the price of Bitcoin experienced an exponential increase last week the price has entered into its corrective stage from 3rd till 5th ending as a three-wave ABC.

As we have seen the completion of the three-wave correction followed by what appears to be another five-wave move in an ascending channel the five-wave move of a higher degree has most likely ended as a retest of the prior high. We might see another increase if the 5th wave hasn’t ended but considering that the prior high was retested and the price found resistance there which it into a downward trajectory breaking out from the ascending channel in which the increase was made I believe that we have seen the end of the corrective upswing.

There is also a possibility that the minor ascending channel was corrective in nature and is a part of the same correction as the prior ABC. If this is true that the price is now headed for another correction to the downside which will be the 4th wave out of the higher degree five-wave movement to the upside and in that case, another increase would be expected past the prior high at $5339.

ETH/USD

From Friday’s open at $157.73 the price of Ethereum has increased by 19.16% measured to today’s high at $187.9. The price has retraced from there and fall to $175 level which is a decrease of 6.91% but managed to recover quickly to around $179 where its currently sitting.

On the hourly chart, you can see that the price of Ethereum has created a similar pattern to that of Bitcoin but the ascending structure was broken from the upper side and the price made a higher high and came to the horizontal resistance at $187.47.

The upside movement still has some room until the end as I think that we are to see another increase to the 1.272 Fibonacci level which is the significant resistance point. The price is currently retesting the broken ascending structure’s resistance for support which is most likely the 4th Minute wave of the last 5th wave of a higher degree which means that another increase could be made as the impulsive move develops fully.

As the price came up past the prior high which was the 3rd wave from the Minor count the 5th wave is near completion. This means that very soon we are to see the start of the downside movement as this increase was corrective according to my count and was the Y wave from the WXY Intermediate correction that started around 15th of December when the price of Ethereum was $83.

From there until today’s high, the price of Ethereum recovered by 125.47% and from the start of the last upward move by around 80% so now a retracement back to some of the significant support levels would be highly likely even if the price is to continue moving to the upside.

If we have seen the end of the Intermediate WXY correction the expected downside movement would be impulsive as the trend continuation should start, but if we are seeing the prolongation of the mentioned correction, expected downside movement could be the second wave X from the WXYXZ correction which would result in another higher high before the expected trend continuation starts.

This we are to see from the further development of the price action movement especially from the expected downside movement and its momentum.

XRP/USD

The price of Ripple has entered into its corrective stage over the weekend as it increased by 16.17% on Friday, coming from $0.33 to $0.38348 at the highest point. This increase was most likely the 3rd wave of the five-wave move of a lower degree which the last wave from the higher degree impulse wave.

As the 3rd wave came up to the 0.5 Fibonacci level which serves as significant resistance point a retracement occurred back to the previous one at around $0.35. The three-wave structure developed over the weekend which is why I think that today’s interaction with the 0.382 Fibonacci level was the end of the Minuette 4th wave.

If this is true then the price is set to start increasing from here as the 5th wave to the upside should start developing going past the prior resistance at the 0.5 Fibonacci level and potentially ending on the 0.782 at $0.4177 or lower at the 0.618 Fibonacci level at $0.3894.

Conclusion

The cryptocurrency market has continued moving to the upside over the weekend but with slow momentum. This increase is according to my analysis the 5th wave from the corrective upswing so now that it most likely still hasn’t ended we are to see a continuation from the movement to the upside.

Currenty Crypto Market Overlook:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC): April 5, 2019

BTC/USD

From its highest point on Wednesday when the price came up to $5336.6 at its highest point, we have seen a decrease of 9.41% yesterday as the price fell to $4834 at its lowest point. Since that low, the price has increased by 5% measured to the highest point today at $5076 but has retraced since then and is currently sitting at around $5049.

Looking at the hourly chart you can see that the price of Bitcoin came up to the 1.618 Fibonacci level again today for a retest of resistance and the resistance was there judging by the wick from the upside on the current hourly candle as well as the one that first came to it. It looks like a three-wave move to the downside has ended which is why we are seeing a minor uptrend developing but this uptrend could be only a prolongation of the correction that is now taking place after the price increased impulsively.

We could also very well be seeing the start of another increase which is set to surpass the Wednesday's high if the impulsive move to the upside hasn't ended so depending on the interaction with the resistance levels below we are to see the potential behind the further price action movement. If the price continues moving above the 1.618 Fibonacci level I would consider that another increase is coming, but if we see a rejection the most likely scenario would be that the increase ended.

Previously we have seen an ascending channel which could have been the 5th wave out of the five-wave impulse in which case the now seen correctional structure would be the start of the downward movement of a higher degree as the Intermediate Y wave ended. If this is true then the price of Bitcoin is headed for more downside below the point from which the last increase was made at around $4300 where the significant horizontal resistance point is, and considering that the level got broken with strong momentum a retracement back to those levels for a retest of support would be optimal.

But if the increase hasn't ended the price of Bitcoin could continue moving to the upside for a one more high in which case I would be expecting an interaction with the $5562 horizontal support level which now serves as resistance and is likely getting interacted with.

ETH/USD

From Wednesday’s high at $181.75 the price of Ethereum has fallen by 14.6% until yesterday when it came down to $155.21 at its lowest point. From there, there started a minor increase and has managed to recover by 7.54% measured to its highest point today which was at $166.92 around which the price is currently sitting at $167.1.

Looking at the 4-hour chart we can see that the price of Ethereum increased to its lower resistance level on Wednesday and spiked above it. As the price entered the seller's territory an immediate retracement occurred as the selling was triggered which is why the price fell below the mentioned level again and is currently still there even though we have seen some bullish action today.

As you can see there is a possibility of another increase if the 5th impulsive move hasn’t ended in which case the retracement we have seen develop yesterday would be the minor correction which is the 4th wave out of the five-wave move to the upside.

Now that we are seeing the price in an upward trajectory again, soon the potential of another increase would be evaluated and the level of validation that is going to serve in this case would be the mentioned horizontal resistance level at $174.4.

If the price find resistance there then we are most likely seeing the top of the previous increase and a consolidation afterward that is set to develop as the first descending structure out of the higher degree move to the downside, but if the price now retraced back after today’s increase with a higher low, then today’s increase could be the start of the 5th wave out of the Minor impulse wave.

LTC/USD

From Wednesday's high at $99.55 the price of Litecoin has fallen by 18.25% measured to the lowest point yesterday at $81.38 but since then it started increasing again and has managed to recover by 9.66% as it came up to $89.311

On the hourly chart, you can see that the price of Litecoin started decreasing in a three-wave manner from its highest point on Wednesday and as it ended another minor uptrend has started as we have seen in the case of Bitcoin.

As I have counted the sub-wave I believe that the recovery is over or is near completion if we see the 5th wave continue moving to the vicinity of the yesterday's open level but when it ends I would be expecting another move to the downside.

As the price of Litecoin increased exponentially in a five-wave manner we are now seeing consolidation taking place like expected but as the structure is still developing it is not clear whether or not it is going to be a quick correction before another run up or would this consolidation be the one before the start of a higher degree move to the downside.

We have seen an increase above the significant resistance point which got broken with strong bullish momentum so a pullback for the establishment of support is now needed if the price is to continue moving to the upside but if the increase ended altogether we are could be seeing the start of a trend continuation of a higher degree as this upward movement was correctional.

Conclusion

On Wednesday we have seen the prices of all the major cryptos showing first signs of the encountered resistance which set off the prices into a consolidative stage and a minor decrease was seen that ended yesterday.

Now that the prices started increasing again today we could be seeing the start of the final movement to the upside which would be the 5th wave of of the five-wave move to the upside but it is still unclear whether or not the previously encountered resistance would be enough to stop the price out at another attempt.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,BCH,XRP): April 4, 2019

BTC/USD

From yesterday’s high at $5331 the price of Bitcoin has started decreasing and has spiked down to $4842 at its lowest point today, but the price recovered shortly and came up above the $4970.5 which is a minor horizontal support level today.

On the 15-min chart, you can see that the price action formed an ascending channel until yesterday when the price spiked above the significant resistance, entering the sellers territory above the still unconfirmed ascending channel’s resistance level and the 1.618 Fibonacci level.

As the price made a quick peek above the range it was being traded the selling was activated which is why we have seen a 9.19% pullback from yesterday’s high to today’s spike to the downside and after that, a corrective increase took place in what appears to be a three wave move that ended as an interaction with the Fibonacci level that serves as support, setting the price into a downward trajectory again.

This could be the start of another downfall like we have seen from yesterday’s high which is the A wave of an ABC correction now likely developing which is why a move with a similar momentum to the downside is now expected.

If we have seen the end of the five-wave move to the upside, this current downside movement could be the start of a higher degree impulsive move so the price action could develop in a five-wave manner instead of the projected three-wave correction. If this would occur we are to see further downside then the lower Fibonacci level at $4685.

ETH/USD

The price of Ethereum has decreased by 11.71% from today’s high as the price fell to $160.15 level on today’s low and even spiked further down to $151.8 but the buyers have caught the price there and have pushed it back up making a fast recovery that left a large wick on the hourly chart.

As you can see the price spiked down to the 0.786 Fibonacci level and has retested it for support but made a recovery only to the median point of the current range between the Fibonacci levels which could be an early sign of weakness.

This movement is indicating the correction after the price tops so we could be seeing the end of the five-wave movement to the upside as the price increase exponentially. Counting the sub-waves I think the price of Ethereum has still one more wave to the upside before this bullish momentum ends but as the previous correction is making it hard to say where the start of the impulsive move should be counted we could have seen the end of the increase altogether.

The price came above the prior high level, spiking to $181.4 at its highest point but since it encountered resistance there an immediate pullback occurred inside the prior range. As the price increased exponentially we are now seeing consolidative price action that could either end as a correction after another run-up or would be the second wave of a higher degree move to the downside, so depending on the depth of the retracement and the momentum behind the selloff we are to see the potential of the further price action movement.

I would be expecting the price to come back down for another decrease like we have seen from yesterday’s spike to today’s low as it would be the third wave of the downside movement which started after the upswing ended so a proper interaction with the 0.786 would likely occur.

XRP/USD

From yesterday’s high at $0.37426 the price of Ripple has decreased at first to $0.35177 before coming up again to around the same levels from which the decrease was made but started falling even strongly from there as the high was retested and came down by 12.17% to $0.32875 at its lowest point today.

As the price fell down fast the buyers have caught the price again and have managed to make a recovery to $0.34255 which is today significant horizontal level which is currently being retested from the downside.

Looking at the hourly chart you can see that the price action moved in 4 waves for now which is why I would be expecting to see another downside movement as the 5th wave should develop to the downside. The 5th wave development has most likely already started after the price came up to the 0.382 Fibonacci level for a retest of resistance and since it got rejected there another downfall has started.

We could be seeing the start of a higher degree correction to the upside if the downside movement ended as a three-wave correction but as this structure looks corrective altogether I think that this would end as a five-wave move to the downside which would be the higher degree first wave to the downside.

The price is still above the $0.3366 horizontal level which is a good sign but before the current downside movement ends I would be expecting either a proper retest of it for support with some of the hourly candles closing on it or even a breakout to the downside potentially ending on the lower Fibonacci level at $0.32504.

BCH/USD

From yesterday when the price of Bitcoin Cash was sitting at $351.3 at its highest point we have seen a decrease of 17.6 measured to the level on which the price found support today a couple of times which is at $289.5. The price spiked even further down, to $266 but an immediate recovery has been made above the mentioned level which serves as horizontal support today.

On the hourly chart, you can see that the price has started a retracement after reaching its most upper resistance levels around the still unconfirmed ascending channels resistance as well as the horizontal support level at around $317 which serves as resistance. The price has even gone slightly above those significant resistance points but as it entered the seller's territory an immediate pullback occurred below the mentioned levels.

This pullback could be an early sign of a top similar to what we have seen after the Intermediate W wave ended with a huge spike before the price started moving to the downside in a corrective manner. As I have counted five waves I think the increase has ended although there could be further upside movements if the 5th wave hasn’t ended.

Now that the price is starting to show signs of the momentum slowing down we are most likely to see some corrective consolidation that could push the price back to retest the ascending channels resistance levels again before the interaction setting the price for more downside movement.

This could be the start of the trend continues as the Intermediate correction ended or could be a further prolongation of the mentioned correction but in either way, now I would be looking at some of the significant support points for interaction as the support is to be established.

Conclusion

The market has started to pullback after we have seen the bullish momentum started losing strength which is why today we have seen spikes to the downside as the selloff most likely started. If this is a quick correction before further downside one lower low would occur before an immediate increase, but if we are seeing the start of a higher degree downside movement as the prices have finished their run up the prices are going to take their time correcting further.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,NEO,XRP): April 3, 2019

BTC/USD

Yesterday, the price of Bitcoin was sitting at $4198.5 at the open from where it started increasing parabolically by 21.13% measured to the highest point the price has been today which is at $5081.

Looking at the hourly chart you can see that the price came up to the 1.618 Fibonacci level extension where it was stopped out on yesterday’s spike before coming back below it only for a proper interaction today.

Counting the sub-waves of the current ascending structure I have counted Minuette five waves which is why now I believe that we are to see some consolidative structure develop which would be a retracement, most likely to the lower Fibonacci level at $4685.5.

This consolidative structure would be the 4th wave from the Minor degree count which means that another increase would be expected after it ends. This five-wave increase that we have seen was expected to develop after further downside from 25th of March but it looks like the three-wave correction which was expected to push the price lower to some of the significant support levels ended on the interaction with the 0.618 Fibonacci level, which is why the increase started sooner.

Now that it did we are seeing the third wave from the Intermediate Y wave from the correctional count that started on 15th of December and is going to end as a 5-3-5 correction, which is why now I would expect to see further development of the now occurring five-wave impulse.

ETH/USD

The price of Ethereum has increased by 25.42% from yesterday’s low at $141.53 measured to the highest point the price has been today at $177.51. Currently, the price is sitting at $171.26 but it has lower as it fell to $165.5 at its lowest point today after the upward momentum started slowing down.

On the hourly chart, you can see that the price came above the prior high level where it encountered resistance as it entered the seller's territory which is why an immediate downfall below it occurred today.

The price started increasing impulsively from inside the ascending channel which was formed by the upward Minute WXY correction. As we have seen a minor five-wave move to the downside afterward I believed that this was only a lower degree wave from a larger move to the downside which would be the Y wave from the Minor WXY correction after a Minor five-wave increase was made.

Since the Minor WXY correction ended on a minor breakout from the ascending channel when the price came down to $133.4 the third wave from the Intermediate Y wave started as we have seen a Minuette five-wave move developed and pushed the price back inside the territory of the ascending channel whos resistance line was retested at the ending point of the Minuette increase.

As this was only the 1st wave from a Minor five-wave move to the upside we have seen the 3rd and the strongest impulse wave develop which is why, now, we are most likely going to see some correctional structure starting which would be the 4th wave. After this consolidation ends another increase would be expected as the 5th wave should develop potentially to the next Fibonacci level which would bring the price of Ethereum up to $194.18.

XRP/USD

The price of Ripple has increased by 18.6% from yesterday’s low at $0.3159 as it came up to $0.37467 at its highest point today. The price fell from there to $0.3516 level and spiked even lower to $0.3452 but left a large wick on the hourly chart indicating that the buyers are very much present.

The price came up slightly above the 0.5 Fibonacci level but since it peaked above into the seller's territory the selling was triggered which cause the price to decrease by 7.78% in a matter of two hours, but the buyers have started picking up the traction again as they have managed to keep up the price above the 0.382 Fibonacci level.

As the price is currently in the mid-range between the Fibonacci levels I think that the 4th Minor wave development has started which is going to be a corrective structure most likely forming some kind of a triangle inside which the consolidation is to take place before finally, buyers are to push the price further up as the 5th wave should develop.

NEO/USD

From yesterday’s open at $10.05 the price of NEO has increased by 28.96% measured to the highest point on today’s spike which was at $12.96.

Looking at the hourly chart, you can see that the price of NEO came above the ascending resistance line which is the upper level from the ascending channel in which the price action has been bouncing from 15th of December which is why this interaction is significant especially considering that we have seen the price exceeding it slightly only to fall back below it again as is currently forming a cluster.

As this was most likely the end of the Minute five-wave move and the price has interacted with its significant resistance we are going to see a retracement developing to 1.414 Fibonacci level which is the prior high ending point level.

This doesn’t mean that we can’t see further increase above the major resistance at the 5th wave could get extended.

Final Thoughts

The cryptocurrency market has experienced a sudden increase which caught off guard many as well as myself but now as I am seeing that the momentum is slowing down and that the majority of the increase has been developed a bit more upside could be expected in the following period before but not before we see some consolidation taking place.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,BCH,XRP): April 2, 2019

BTC/USD

From yesterday's open at $4163 the price of Bitcoin has increased by 22.7% today measured to the highest point the price has been which is at $5108.

On the hourly chart, you can see that the price came to the descending trendline on Saturday when the interaction has been made after which a minor retracement occurred to the 0.786 Fibonacci level where the price found support on a quick spike as it came back to the significant resistance level and was hovering around before finally going above it slightly, retested it from the upside after which strong momentum was shown to the upside as the price increased impulsively and parabolically.

I was expecting that the interaction with the significant resistance level would end as a rejection with the price going down first to establish support on the lower ascending trendline around $3666 before we see a breakout to the upside but instead, the price continued moving to the upside and has managed to break major key resistance levels along the way.

This bullish momentum could be the continuation of the Intermediate Y wave and as the price spiked to just little over $5100 and retraced by around 7% after we are now seeing the first signs of the momentum slowing down. From today's highest point the price has retraced by 7.48% but has started increasing again and is currently 5.25% lower than on its highest point which could be an early indication that the momentum would continue.

As the price has increased exponentially we are now most likely to see consolidation above the 1.272 Fibonacci level which will now most likely get tested for support.

ETH/USD

From yesterday’s low at $142.26 the price of Ethereum has increased by 10.07% to its highest point today at $156.59. The price is currently sitting at 155.43 and is still in an upward trajectory.

Looking at the hourly chart, you can see that the price of Ethereum broke out form the ascending triangle from the upside and has managed to come above the 0.786 Fibonacci level which served as resistance.

As the price of Ethereum created an ascending structure after a descending one I was expecting to see a breakout to the downside as the ascending structure was corrective in nature and was considered the second wave out of a higher degree three-wave correction to the downside.

This count still hasn’t been invalidated even though we have seen a breakout to the upside. The upward momentum has come as a surprise but now as the five-wave move looks near completion we will see if the price is headed for more upside or was this movement still the part of the projected scenario in which we are to see more downside.

If the price continues moving impulsively to the upside we could be seeing the start of the higher degree five-wave move but if we see an immediate retracement from here this could be only an overreaction of the corrective increase.

XRP/USD

The price of Ripple has increased by 10.44% from yesterday's open at $0.31367 measured to its highest point today at $0.34641.

On the hourly chart, we can see that the price of Ripple came above the horizontal resistance level at $0.3366 but hasn't come to the 0.382 Fibonacci level yet which is why further increase would be expected as the price action is to complete its five-wave pattern. Currently, we are seeing the signs of a struggle around the mentioned horizontal resistance level but as the price is still above it which can be viewed as a good sign.

The level is most likely going to serve as support but further retesting would be needed, and considering that we have most likely seen the development of the 3rd wave, now the 4th wave could develop above the level which would mean that now we could see some consolidation before another runup.

BCH/USD

From yesterday’s low at $166.5 the price of Bitcoin Cash has increased by 14.1% measured to the highest point the price has been which is to around $190. The price is currently sitting around $185 but is still in an upward trajectory much like in the case of other major cryptos today.

Unlike in the case of other major cryptos, the price of Bitcoin Cash was expected to continue increasing for one more high as the 5th wave out of the five-wave impulsive move to the upside didn’t develop and now that the price increased to the projected levels around the resistance zone we are going to see if the projected scenario gets validated.

The price has gone above the $180 resistance and as it could have entered the seller's territory an immediate start of a downtrend would be expected as the Intermediate Y wave most likely ended or is near completion.

If this is true then the price of Bitcoin Cash would now start to move to the downside either as a trend continuation or a minor retracement before further corrective upside movement.

Conclusion

The cryptocurrency market has seen a surprising increase today, lead by Bitcoin who increased the most out of the top major cryptocurrencies which followed the momentum. The seen increase broke major significant resistance points but it is still unclear whether or not this increase is the past of the prior corrective increase or are we seeing the start of a new impulsive move to the upside which is set to push the prices even higher and with stronger momentum then currently seen.

This will soon be validated by the price action as if we see an immediate pullback with the equal or similar momentum to the downside we have likely seen another attempt for a breakout ending as a fakeout, but if the price pulls back steadily and only by around 30-40% before starting to move to the upside again, we could be seeing the development of a new uptrend.

Current Market Overview:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP): April 1, 2019

BTC/USD

Over the weekend the price of Bitcoin has gone to $4203 at its highest point on Saturday’s open from where the price decreased at first and came down to $4145, but then again started increasing and came up to the same level on Saturday’s open, on today's.

On the hourly chart, you can see that the price of Bitcoin came up to the ascending triangle’s resistance level which was retested today as the price is once again at those levels. As the price was stopped out at the significant resistance point we are yet to see if the increase continues but as the price action created a similar pattern like it did when the interaction with the 0.786 Fibonacci level was made I would be expecting a retracement.

The price has increased from last Monday when it was sitting at around $3940 below the horizontal support but slightly above the ascending triangle’s support line intersection with the 0.618 Fibonacci level which was the significant support point.

As the buying was activated there an increase has been made but as the price now came to the most significant resistance level which was well respected in the past we are most likely to see the start of another downside movement.

Considering the market context I believe that the upswing from last Monday was correctional as previously we have been seeing some sideways movement before the price dropped down with strong momentum so the increase which followed could be another corrective increase before the trend continues to the downside.

The upward movement might continue if from 4th of March we have been seeing the development of the wave to the upside which is labeled as an upward ABC correction according to my count but I could have also been a five-wave correction to the upside which ended today.

If the price continues moving above the current significant resistance line I would be expecting an increase to around $4300 where the next horizontal resistance level is, but more likely now we are to see the start of the move to the downside.

ETH/USD

From Friday when the price of Ethereum was sitting at around $140 at its lowest point we have seen an increase of 6.54% measured to the highest point the price has been over the weekend which was at $149.13 on Saturday.

From there the price started decreasing and came down by 4.16% to $142.94 and has been moving sideways in the horizontal range out of which the mentioned level is its support and the resistance is around $144.5 around which the price is currently hovering.

On the hourly chart, you can see that the price of Ethereum created an ascending wedge in which we have most likely seen a five-wave correction which could also be true in the case of Bitcoin as the price action created a similar structure.

If this is true then the increase we have seen over the weekend ended and the price is now set to immediately start moving to the downside with a stronger momentum as either the next correctional structure is to develop or we are to see the start of an impulsive move. The price of Ethereum is in the mid-range of its current ascending structure as its support was retested today and is getting close to the apex so soon we are to see a decisive move.

As we have seen a five-wave impulse to the upside after which a move to the downside developed, now that the ascending structure is near completion most likely a breakout to the downside would occur. There could be a possibility of another increase like in the case of Bitcoin in which case I would be expecting a 5th wave extension to retest the upper resistance points which would in the case of Ethreum be around $151 around the 0.786 Fibonacci level but as the momentum behind the bullishness shown over the weekends is slowing down I don’t believe that’s likely.

The price of Ethereum is now more likely headed for a breakout to the downside in which case I would be expecting to see an interaction with the lower ascending trendline which is the significant support point which would bring the price down to around $130.

XRP/USD

The price of Ripple has been hovering around the same levels over the weekend, unlike other major cryptos which experienced further increase although a minor increase was made of around 3.4% coming from Friday’s low at $0.3105 to $0.3208.

On the hourly chart, we can see that as the five-wave move the upside ended another minor increase has been made but only to around mid-range between the lower horizontal support level and the prior high level which could be viewed as correctional.

If the previous five-wave increase was the C wave of a lower degree fro the B wave of a higher, now the C wave of a Minute count is to develop to the downside.

If this happens the price of Ripple is set to go down to $0.29405 where the next significant horizontal support level is but that could only happen if the price is to continue the presumed ABC correction to the downside.

If the increase we have seen over the weekend isn’t correctional we could be seeing the start of an impulsive move to the upside in which case I would be looking for an interaction with the 0.3366 horizontal resistance level, but as the price broke both of its horizontal support levels prior to the current increase I believe that we are seeing the development of an impulsive move to the downside out of which the uprising was correctional.

Conclusion

The prices of the major cryptocurrencies have increased over the weekend and have gone past its prior high in some cases like in Bitcoin’s which could be an early indication that the price is headed further up for a retest of its upper resistance levels, but as the retest occurred and the price was stopped out again on the same levels now a movement to the downside would be expected.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,NEO,XRP): Mar 29, 2019

BTC/USD

From yesterday’s open at $4102 the price of Bitcoin fell to $4065 at its lowest point but started increasing from there and came up to $4185.2 where it’s currently sitting. The price is still in an upward trajectory so we could see a higher price today but as the price increased by around 6% from Monday on a minor uptrend I wouldn’t expect to see it go for much further.

Looking at the hourly chart you can see that I have readjusted my count as to include today’s increase as the 5th wave as the previously labeled ending point of the 5th wave was only the end of the 3rd one.

As the price continued moving for another high impulsively I believe that the C wave from the Minuette ABC correction to the upside ended which means that the B wave from the Minute count ended as well.

As the B wave ended the C wave is expected to develop to the downside which is why now I would be expecting an immediate downfall below the 0.786 Fibonacci level which served as resistance and was broken today.

If my count is correct the C wave from the previous Minute ABC correction to the upside ended on the 0.786 Fibonacci level but this current increase could be the prolongation of that correction like we have seen after the Intermediate W wave ending on 24 of December last year after which a similar structure developed to the one after the second impulsive move to the upside ending on the 0.786 Fibo level.

If this is the prolongation of the mentioned correction the price is set to go to the most significant resistance level which would be around $4300 before we are to see the start of a down move.

But if the C wave ended as my primary count suggests this current increase would be only a minor correction inside the third corrective structure to the downside which already started developing.

ETH/USD

From yesterday’s low when the price of Ethereum was sitting at $139.58, we have seen an increase of 4.35% measured to the highest spike the price has been today which is at $145.65. The price came down fast as the hourly candle closed around $143.92 around which the price is currently being traded.

On the hourly chart, you can see that the price broke out from the descending trendline on the upside, but has started showing signs of struggle below the prior high level which has been labeled as the ending point of the C wave, unlike in the case of Bitcoin were today’s increase exceeded the C wave’s ending point.

But as my primary count still remains the price is now most likely going to start moving the downside again and the peak above the resistance line inside the seller's territory just might be what the price needed in order for the selling to get triggered.

The increase looks five-wave-ish but the price is most likely been correcting in the B wave from the third corrective structure to the downside which is set to push the price of Ethereum lower to retest some of the significant support levels in which case the intersection between the 0.5 Fibonacci level and the ascending trendline would be expected as it is a zone of interested which already served as support and was strong enough to hold the momentum behind the initial sell-off made on 24th of February.

XRP/USD

From yesterday’s open at $0.31479 the price of Ripple has decreased by 1.77% at first coming to $0.30923 but then made another attempt for an increase only to end to around the same levels as before coming to $0.31479 again after which another decrease was made to $0.31042 around which the price is currently sitting.

On the hourly chart, you can see that the price of Ripple unlike in the case of Bitcoin and Ethereum fell today, but is still following the general market movements which is why after this decrease ends I would be expecting another increase from here to around the levels from which the previous downfall was made around the 0.236 Fibonacci level which is in price terms around $0.325.

As this would be further correctional movement most likely the A wave from the ABC of a lower degree the B wave is set to develop fully from the Minute ABC to the downside which was likely started developing after the price interacted with the mentioned Fibo level, ending as rejection.

We are to see further sideways movement with more upside potential but ultimately as I would be expecting a decrease when it ends we could see the price of Ripple falling down below the 0.29404 level which serves as a significant support point.

If the price continues moving even lower than that the 0 Fibonacci point which is the beginning point of the correctional price movement might get retested, but if the price stars moving further up above the 0.236 Fibonacci level I would consider my projection invalidated.

NEO/USD

From Tuesday when the price of NEO was sitting at $8.65 at its lowest point we have seen an increase of over 11% for the price of NEO as it came up to $9.62 at its highest point today around which it is currently sitting.

Zooming into the hourly chart, you can see my Elliott Wave labelings which point out that the X wave ended on a three-wave move. If this is true then the current increase would most likely be the B wave from the next, third correction to the downside which started after the X wave ended in which case the previous 12.71% move to the downside would be its first wave A.

We can also see the similarity in chart pattern with the A wave from the previous ascending three-wave move although of a higher degree with the current one. This could point out the validity of my count as well as the projection that is currently in play. According to my projection, the price is now heading for a small retracement below the 1 Fibonacci level potentially around the interrupted purple line which is the median line of the lower range at $9, before going back up above the 1 Fibonacci level but only as a corrective spike which would trigger another round of selling which would bring the price of NEO down to the ascending channels support level around $8.2

Conclusion

The prices of the major cryptos have continued increasing for a bit more but as this increase is most likely corrective and is near completion, over the weekend we are most likely to see the market in red as now an impulsive move to the downside is being awaited.

This weeks price breakdown:

• BTC, ETH, LTC, and XRP Coin Analysis (March 25th)
• Bitcoin, BCH, Ethereum, and XRP Price Prediction (March 26th)
• BTC, ETH, EOS, and XRP Technical Analysis (March 27th)
• Bitcoin, BCH, Ethereum, and Litecoin Price Prediction (March 28th)

Current Market Overlook:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,BCH): Mar 28, 2019

BTC/USD Price

From Monday’s low at $3946.5 the price of Bitcoin has increased by around 4% measured to the highest spike on today’s open when the price was $4104.

On the hourly chart, we can see that the price of Bitcoin increased impulsively from yesterday which is most likely the C wave from a Subminuette ABC correction to the upside which started on Monday when the price fell to its significant support level at the ascending trendline intersection with the 0.618 Fibonacci level.

As the zone served as a strong support point an increase has been made after the interaction but as the increase looks corrective and especially considering that the price has been consolidating since the upswing ended I think that we are most likely to see the start of a downside movement now.

Previously, according to my count, a Minute ABC correction to the upside ended which was the second corrective structure after the price of Bitcoin ended its five-wave move to the upside reaching the area around $4130. This means that another third Minute correction has now started developing out of which the current increase would be its second wave.

If this is true then the price is now to start developing a five-wave move to the downside as the C wave should start which is why from here I would be expecting more downside for the price of Bitcoin to around the vicinity of the prior low at around 0.5 Fibonacci level or even lower to $3600 area if the move potentially being impulsive and no corrective.

ETH/USD Price

From Monday’s low at $133.8 the price of Ethereum has increased by 6.26% measured to today's opening price of $142.17 which is the highest price has been this week so far.

On the hourly chart, you can see that the price of Ethereum came up above the broken ascending trendline and has been stopped out with the price action forming a cluster which by judging from the seller's pressure indicated by the wick from above is going to be its ending point.

With the price bearly making to the descending trendline which serves as resistance and has started to fall back, we have likely seen the ends of this minor upswing which was validated by the sub-wave count as I have counted five Subminuette waves which is why I believe that we have seen the development of a corrective wave before the next downtrend starts.

As previosly the ABC correction to the upside ended we are seeing the development of a third to the downside which could be another three-wave ABC move or a five-wave impulse wave. The price has moved in a five-wave manner until Monday after which the current upswing occurred and now that it has most likely ended or is near completion the start of a down move would be expected as the third wave should start developing.

The potential price target for the expected down move would be around the vicinity of the prior low at around $126.76 or if impulsive count continued moving even lower in which case the 0.382 Fibonacci level would serve as a significant support point.

An impulsive move is expected in either way as the C wave has five waves but if a trend continuation starts out of which the 24th February decrease of over 20% would be the initial wave the price of Ethereum is set to move even lower then projected.

LTC/USD Price

From last Thursday when the price of Litecoin around $61.58 we have seen sideways movement in a range between $62.5 which was the resistance level and $58.2 which was the support level. With the price currently sitting around $61.613 and has retested the horizontal resistance level of the mentioned sideways range on today's open.

On the hourly chart, we can see that the price of Litecoin ended its five-wave to the upside and has formed a descending structure after. The price has today broken its resistance line but has been stopped out at the minor horizontal resistance level with the price currently being in a downward trajectory. As the price is still above the resistance zone I was expecting a retest of its significant level at $57.558 which hasn't occurred but the price fell close to it on Tuesday coming to $58.

This could indicate that the retested support was there as the price started increasing after and came up by 7.23% on the last increase. Considering that we have most likely seen the end of the five-wave impulse wave to the upside in an ending diagonal, we are most likely seeing the development of the now expected downside movement which could be either corrective if the Intermediate correction is to get prolonged or an impulsive move if the correction ended.

In either way, the increase we have seen ending on today's open was most likely corrective and would be viewed as such until the price exceeds the prior high at around $68.

BCH/USD Price

From Tuesday’s low at $153.3 which was the lowest price has been from the start of the week measured to the levels of today’s open of around $172.8 at its highest spike, we have seen an increase of 12.67%. The price has started moving to the downside after today’s opening and is currently in a downward trajectory sitting at $166.

On the hourly chart, you can see that the price of Bitcoin Cash came up to the resistance level of the newly formed ascending channel in which it is consolidating after an increase of around 26.25% on the 3rd impulse wave.

We are most likely seeing the development of the 5th wave in an ending diagonal and considering that the price today came to the resistance levels of the current range and has started showing signs of weakness the price is now likely heading for a retracement back to its support levels which would start to intersect the horizontal resistance level at $155.9

The interaction with the mentioned horizontal resistance level is now expected as a retest of support if the price is to complete another upswing which would be the 5th wave. This upswing could very well end around the upper resistance zone at around $180 but after it ends I would be expecting another movement to the downside with strong momentum.

The prices have started showing their first signs of weakness as the upswing ended and we are most likely to see now the start of the expected downtrend or a minor correction before another higher high which would be the final one before the expected downtrend starts.

Cryptocurrency market has been mostly moving sideways from 25th of February and slightly to the upside which looks corrective so after this last increase ends I would be expecting a decisive move the to the downside stronger than the one seen on 24th of February.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,EOS): Mar 27, 2019

BTC/USD Price Watch

From yesterday’s $3951, the price of Bitcoin increased by 3.73% today as it came up to $4098 at its highest point. The price has been increasing impulsively with more room to go before the upswing ends and as the price has retraced slightly and is currently sitting at $4082 we could soon see another higher high today.

On the hourly chart, you can see that the price action looks impulsive as the price increased parabolically to the upside in a five-wave manner which hasn’t ended which is why another interaction with the 0.786 Fibonacci level could occur before it ends.

The price is again above the horizontal resistance at $3994.4 which is a good sign and has come up above the previously seen sideways correction which ended on a breakout to the downside. This could indicate further price recovery but we are to see the potential behind the increase as we could be seeing the start of another corrective movement after the price of Bitcoin previously came down by 4.31%.

If we are seeing the start of another corrective structure this five-wave movement would be its first wave which means that we could see the price spiking even further to the upside on the C wave, potentially breaking the resistance around the 0.786 Fibonacci level.

But as this would be another retest of the above resistance it could very well be the 5th wave of five-wave correction instead of a three-wave ABC.

In either way, since we have seen the end of the upward ABC correction I am expecting more downside from here so after this increase ends another movement to the downside with strong momentum would be expected.

ETH/USD Price Watch

From yesterday’s low at $134 the price of Ethereum has increased by 5.18% as it came up to around $141. The price is still in an upward trajectory, currently sitting slightly lower than the highest point.

On the hourly chart, you can see that the price of Ethereum made a recovery above the minor ascending trendline which served as support and was formed by the last ABC correction to the upside, and now that the price is in an upward trajectory we are most likely to see a retest of the descending trendline which serves as a significant resistance point.

The price is now heading toward the mentioned resistance but a rejection is awaited as we are most likely seeing the B wave developing for the next ABC correction that started after the previous interaction ended as a rejection which makes the possibility of the projected scenario more likely as this already happened recently.

If the price of Ethereum is to continue moving above it I would be looking at the 0.786 Fibonacci level which would be around $151 and as it wasn’t retested by the sideways correctional structure after the initial drop on 24th of February we could very well see a retest before the expected impulsive move to the downside starts.

XRP/USD Price Watch

Yesterday the price of Ripple fell down below the $0.3 as it came down by 4.21% to $0.29868 at its lowest point but since, started to increase again and has surpassed the level from which the 4.21% decrease was made as it came up to $0.315 at its highest spike today.

The price of Ripple has come up to the broken lower horizontal support level and is retesting it now for resistance. As I see five waves this could be the end of this current upswing and especially considering the interaction with the broken support for the resistance.

If the price starts declining from here which I think is now highly likely for the reasons stated an interaction with the horizontal support level at $0.29405 would be expected before the end of the breakout to the downside but if we have seen the end of the downward move this increase could be the corrective B wave of a higher degree which would mean that another five-wave move to the downside would be expected after it ends.

The price of Ripple is now heading for a downtrend as the interaction with the current resistance would end as a rejection but another increase above it could also be a possibility in which case the price could go for a retest of the 0.236 Fibonacci level at $0.32504 which was more significant than the current support levels.

Looking at the momentum I don’t believe that’s likely as the price of Ripple has broken out from the upper range and is now heading towards some of the significant support levels below for the establishment of support.

EOS/USD Price Watch

In the last 24 hours, the price of EOS has increased by 14.34% from yesterday's low at $3.6467 to its highest point today at $4.1673. The price has retraced since and is currently sitting around $4.099. As the price of EOS was in a correction after a decrease of over 23% seen on 24th of February we could now be seeing the end of the second corrective structure to the upside.

On the hourly chart, you can see that a minor symmetrical triangle was broken out off but the price was stooped out at the 0.618 Fibonacci level which serves as resistance. This could indicate that the momentum behind the increase isn't as strong as initially seen.

The price of EOS was been moving sideways after the initial drop was made which has been labeled as two consecutive three-wave corrections and now that the price came up to its significant resistance level and has been stopped out there with clear signs of struggle (as indicated by the wick from above) the second ABC correction to the upside has most likely ended.

We have seen the price of EOS establishing support around the 0.5 Fibonacci level at $3.66 which is why it is most likely going to serve as strong support level again on the way down but if we are to see another third correction to the downside now starting to develop it would very likely be broken especially if we are to see an impulsive decrease.

The downside is expected from here as the price prior to the sideways correction came up by over 101% in a five-wave manner. Considering that after that increase ended we have seen a decrease of around 23% after which this sideways action occurred with now price increasing to its significant resistance we have been most likely seeing the start of the retracement out of which the current increase would be the second wave out of a higher degree movement to the downside.

The cryptocurrency market has started increasing today with the prices of major cryptos showing bullish price action. This is most likely corrective as the prices have previous to the increase interacted with their significant resistance levels and were rejected setting them for a breakout to the downside.

Buy the looks of the current wave structures seen on the charts of the analyzed cryptos the increase has ended which is why now we could see either a minor retracement before another increase of the same momentum after which the expected move to the downside is to develop, or the end of the corrective wave B which means that now we are to see the start of the five-wave move to the downside as the wave C would develop.

Green Crypto Market:

This weeks Technical Analysis:

• BTC, ETH, LTC, and XRP – March 25th
• BTC, BCH, ETH, and XRP – March 26th

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 26, 2019

The prices of the major cryptocurrencies have started decreasing yesterday and have either finished their minor downward trajectory yesterday or today, which is why now we are seeing the interacted support levels being retested again.

We are most likely to see a corrective increase today or at least some consolidative patterns after the next downfall starts as the cryptocurrency market has started its retracement after a bullish period. This retracement could be the beginning of the downtrend of a higher degree but since in either way more downside is expected from here, from its depth and the momentum behind the sell-off, we are to see what the potential behind the decrease would be.

BTC/USD

From yesterday when the price of Bitcoin was sitting at $4050 around the open we have seen a decrease of around 2.74% today as the price fell to $3939.6 at its lowest point.

On the hourly chart, you can see that the price of Bitcoin broke down below the ascending trendline which was the minor trendline from 4th of March and retested it from the downside for resistance last Saturday which cause the price to start moving in a downward trajectory once more.

As the price continued its downward trajectory over the weekend, yesterday we saw another impulsive decrease down to the next ascending trendline intersection with the 0.618 Fibonacci level at $3936 which serves as a support point. Now that the price found some temporary support there. It is struggling to make a recovery as it looks from the last couple of hourly candles. The price fell below the falling wedge resistance line again so this movement around it couldn’t be interpreted as a breakout and is more like a retest of the descending resistance from both sides.

As the price of Bitcoin previously ended its ABC correction to the upside a downtrend was expected, but we are yet to see if the price starts moving impulsively to the downside further now as we are most likely seeing the start of the third correction to the downside.

ETH/USD

From yesterday’s high at $ 138.2 the price of Ethereum has decreased by slightly below 4% as it fell to $132.68 at its lowest spike yesterday. Today the price of Ethreum came up to around $136.17 at its highest point but since then started decreasing again and came down to around $133.94 yesterday at its lowest point which is a higher low compared to the yesterday’s one.

On the hourly chart, you can see that the price of Ethereum fell below the 0.618 Fibonacci level which served as support and but since a large wick from the downside of the last hourly candle occurred indicating buying pressure we are likely to see the price again above the Fibonacci level or at least a retest of it for resistance.

The price fell to the level of last Thursday's low which was the impulsive move to the downside after a corrective increase which has been labeled as a C wave of the ABC correction to the downside after the C wave of a Minute degree to the upside ended.

As we are most likely seeing the start of another structure to the downside out of which the current wave structure would be the first wave of a higher degree, more downside would be expected from here. But first, we are most likely going to see a retest of the broken horizontal support level or even a quick peek above it which would trigger another round of selling.

I was expecting an interaction with the 0.786 Fibonacci level for the ending point of the C wave which could still occur if we are seeing the 4th wave prolongation but as the price decreased impulsively on Thursday last week I don’t believe that’s likely.

More likely we are seeing the start of another impulsive decrease to the downside which is a continuation of the initial decrease made on 24th of February when the price of Ethereum fell by over 20% in one go.

XRP/USD

From yesterday’s open when the price of Ripple was $0.31185 which was the highest point, we have seen a decrease of 3.73% measured to the lowest spike price has been today which was at around $0.3.

Looking at the hourly chart, you can see that the price spike above the 0.236 Fibonacci level. It served as resistance, but after entering the seller’s territory we have seen the price starting to move to the downside with strong momentum as the price fell by around 5.17% from Wednesday to Thursdays low breaking the lower ascending trendline which served as support.

As the ascending trendline got broken a retest for resistance has been made confirming that the level now serves as resistance which was indicated by the rejection around $0.3168 where the intersection with the horizontal support also was.

The price is currently sitting below the minor horizontal support level from the prior range around its median line. Hence, considering the momentum shown I don’t believe that it is going to hold for much longer as its significance is low. Most likely we are going to see another downfall to the most significant support level to the downside which would be either around the $0.29405 or even lower to $0.28528.

BCH/USD

From Saturday’s high when the price of Bitcoin Cash was $168.7, we have seen a decrease of 9.56% as the price fell to $152.6 at its lowest point today.

On the hourly chart, you can see that the price of Bitcoin Cash fell below the horizontal resistance level at $155.9 today which served as support but considering that the price fell to the support level of the ascending channel for a quick interaction that ended as a bounce we can’t say that the price has entered its lower range.

As the price previously ended its five-wave move to the upside another five-wave move to the downside developed and as it is now over or near completion we are most likely going to see another increase which would retest the broken resistance level or exceeding it slightly before a proper breakout to the downside is to be made.

The movement to the downside is now expected as the price of Bitcoin Cash ended two impulsive Minute impulse waves to the upside so either we are going to see a retracement or the start of the downtrend.

If the price starts increasing from here we are most likely going to see the price retesting the resistance level at $155.9 or even going back to the upper ascending trendline from the newly formed channel before the movement to the downside starts.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 25, 2019

Over the weekend we have seen the price broke their minor support levels which got retested on Saturday. This retest ended as rejection which is why the prices have continued moving to the downside.

This could serve as an early indication of the start of the expected downtrend for the cryptocurrency market after the corrective upswing ended, or is more corrective movement before the upswing ends on a one more higher high.

In either way, soon a downtrend is to be expected as the prices have most likely ended their recovery period.

BTC/USD

From Friday when the price of Bitcoin was $4063, we have seen the sideways movement as the price increased to $4082 at its highest point on Saturday from where another minor downtrend has started which caused the price moving to $4010 at its lowest point yesterday.

Currently, the cryptocurrency is being traded at $4030 and is in a downward trajectory.

On the hourly chart, you can see that the price of Bitcoin is retesting the minor horizontal level for support around the vicinity of the A wave’s ending point slightly higher than the horizontal support/resistance at $3994.4 and is still above the falling wedge resistance line.

The ascending trendline from the start of the wave A has been broken last Thursday and was retested on a minor uptrend but since the interaction ended as a rejection, over the weekend we have seen the price starting a minor downtrend.

Now that the price is in a downward trajectory again and is getting close to the weekends low at around $4020 we could expect to see more downside as the price is most likely going to look out for support around those levels and potentially going even further below for the establishment of support around the $3994.4 level.

If the price ended its Minuette 5th wave that would mean that the C wave from the upward correction has ended, but if the 4th wave as a corrective wave got prolonged we are seeing the development of the third correction of a lower degree which is set to retest the support around the vicinity of the 1st wave’s ending point before continuing another increase as the 5th wave should start developing and could come to the ascending triangle’s resistance level at around $4212 before we are to see the start of a move to the downside.

ETH/USD

From Friday’s low at $136.78 we have seen an increase at first over the weekend as the price of Ethreum came up to around $140.41 at its highest point on Saturday but since then started decreasing again and came down to around $137 today where it is currently being traded.

On the hourly chart, you can see that the price of Ethereum broke out from the last descending triangle to the downside but found support around the 0.618 Fibonacci level. As the price action formed two consecutive corrections we could be seeing the start of the third structure which would be to the downside as previously the upward ABC correction ended.

I was expecting an interaction with the 0.786 Fibonacci level for the ending point of the C wave which could still occur if we are seeing the 4th wave prolongation buy as the price decreased impulsively on Thursday last week I don’t believe that’s likely.

More likely we are seeing the start of another impulsive decrease to the downside which is a continuation of the initial decrease made on 24th of February when the price of Ethereum fell by over 20% in one go.

After this initial decrease, the price action formed an ABC correction to the upside which could be the second wave out of the five-wave impulse of a higher degree. The other possibility is that the price action is going to form another third correction if what I referred to the initial decrease was corrective in nature and not impulsive so in either way I would be expecting more downside from here as the price of Ethereum has increased by over 61% previous to the mentioned corrective structures and has now come down about half of the increase made.

As the price usually retraces back by around 70% after an impulsive move – if the retracement is corrective I am expecting another movement to the downside below the 0.618 Fibonacci level potentially to the 0.5 Fibonacci level for an interaction. But if the price is to continue its downtrend after the corrective movement to the upside ended further lows would most likely develop.

XRP/USD

On Friday the price of Ripple was $0.31688 at its highest point from where the price decreased to $0.31347 on Saturday but came back to the levels of the Fridays high on the same day as the horizontal resistance level got retested again.

The retest ended as a rejection which caused the price to start moving in a downward trajectory and came down to $0.30836 at its lowest point today.

On the hourly chart, we can see that the price of Ripple broke out from the lower ascending trendline which served as support, retested it the the horizontal support level of the prior range before continuing to move to the downside. This indicates that the price of Ripple is now most likely heading down for further lows as the ascending structure that was broken over the weekends was most likely the 4th wave of a higher degree like presumed.

This means that another 5th wave should start developing to the downside, and considering that the ascending structure’s support got broken we could very well be seeing the start of that 5th wave. Interaction with the horizontal support level at $0.3058 is now expected but if we are seeing the development of the 5th wave the price is set to fairly lower then the mentioned horizontal support, to at least the vicinity of the 3rd wave’s ending point which is at around $0.28528 where the 0 Fibonacci level is.

LTC/USD

From last Monday, March 18th, when the price of Litecoin was $64.287 at the open which was the highest point since the beginning of the year, measured to the current level on which the crypto is sitting at $60.1 we have seen a decrease of 6.53%.

The price came down lower last week as it was being traded at around $59 at its lowest on Thursday but from there made a recovery to around $62.45 before the start of the minor downtrend on Saturday.

On the hourly chart, you can see that the price of Litecoin came up to the ascending trendline which is the resistance line of an ending diagonal seen on a higher time-frame and as it encountered resistance there on the spike which interacted with the level last Monday another descending structure started forming as the interaction ended as a rejection.

The price is currently around the horizontal support level of the current range which was the resistance level of the previous one and is retesting it for support. As the price went below it last week and stayed there for some time the level isn’t as significant which is why another downfall below it would be likely.

As the price retested the descending structure’s resistance line on Saturday another minor downtrend has started and judging by the wave structure the first five-wave move has ended or is near completion which is why now another retest could be likely which would be a corrective three-wave move to around $61.4 before another five-wave move to the downside starts.

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 22, 2019

• Cryptocurrency market has experienced a decrease in the last 24hours which looks more decisive than the previous upward movement and has shown strong momentum which is why I believe we are most likely seeing the start of the trend continues to the downside.
• The prices are increasing today but the increase looks corrective which is why when some of the broken support levels get retested I would expect to see another impulsive move like yesterday.

BTC/USD

From yesterday’s open at $4136 the price of Bitcoin has been decreasing and fell by 3.2% at first coming to $4004 at its lowest point yesterday but has managed to recover from there and is currently sitting at $4046.2.

On the hourly chart, we can see that the price of Bitcoin again made it out from the territory of the falling wedge as the price is again above its resistance line which was retested on a minor downtrend today, but we still cannot say that the price definitely started breaking out because of the vicinity of the level.

As the price fell steeply and aggressively we could see another downfall from here as this minor increase could be corrective in nature. It is worth mentioning that the falling wedge resistance level although significant wasn’t well respected in the past as the price moved above it numerous times since its formation which is why the price moving above it isn’t indicative of a potential start of another uptrend.

The interaction more indicates that the resistance is still around those levels so until we see the price higher than the 0.786 Fibonacci level I wouldn’t be looking at a bullish scenario. Most likely we are seeing the start of the next structure to the downside which could either be the third impulse wave or more likely the third correctional structure which could also move to the downside in a five-wave manner.

As the price fell yesterday below the descending triangle’s support level and hasn’t exceeded the prior high at the 0.786 Fibonacci level it looks like the sellers are starting to gain control which is why I think that the price isn’t going higher any more before the expected downward movement starts as I think it started yesterday.

ETH/USD

From yesterday’s high at $142.55 the price of Ethereum has been decreasing and came down by 5.26% at its lowest point yesterday at $135.05. The price is currently sitting slightly higher at $139 level as its un an upward trajectory again.

Looking at the hourly chart you can see that I was expecting another increase to the vicinity of the prior high like happened in the case of Bitcoin as the price of Ethereum started breaking out from the descending triangle on the upside.

The breakout ended as a fakeout as the price started plummeting down fast and came below the 0.618 Fibonacci level which serves as a support. Considering the momentum shown yesterday which whipped out all the gains made from last week I don’t believe that the price is heading up for interaction with the 0.786 Fibonacci level as expected.

The seen downside movement could be the prolongation of the Minuette 4th wave but it doesn't look like it as the price moved impulsively to the downside, which is why I think that we are seeing the start of the next wave structure.

This could be a third Minute correction so another three-wave move to the downside would be expected but it could very well be a five-wave move as the price of Ethereum ended its upward correction which is why we could see an impulsive move to the downside developing which would be a continuation of the initial decrease made on 24th of February when the price of Ethereum dropped by over 19% on one day.

XRP/USD

From yesterday’s highest point at around $0.33 the price of Ripple has decreased by 6.4% coming to $0.3086 at its lowest point yesterday moving to the downisde aggresivellly like we have seen in the case of Bitcoin and Ethereum.

The price has managed to recover since yesterday and is currently being traded at $0.31603 level.

On the hourly chart, you can see that I was expecting an increase yesterday if the price was to complete its Z wave to the upside but the price fell below its second ascending trendline which serves as a support and is currently retesting it from the downside for resistance.

The price action on the Ripple’s chart is choppy which makes it hard to count the waves, but as we have seen the end of the ABC to the upside a downside move was expected but I believed that the retest of the lower support isn’t going to happen as the price interacted with the upper support level and was staying there respectfully.

Now that the price most likely ended the correction inside the ascending structure we are most likely seeing the start of the impulsive move the downside which could result in the price going to $0.294 which is the most significant horizontal support point to the downside.

If the price continues increasing from here as its un an upward trajectory today, I would be looking at the retest of the upper ascending trendline for its ending point which would bring the price of Ripple back to around $0.32 levels.

BCH/USD

From yesterday’s high at $158.7 the price of Bitcoin cash has fallen by around 7.35% coming to $147.1 at its lowest point yesterday. Since then the price made a recovery and is currently sitting at $157.8 above the horizontal resistance level and is un an upward trajectory.

Looking at the hourly chart, you can see that the price of Bitcoin Cash ended its five-wave move to the upside which was the third wave from the correction to the upside. Since the descending triangle was formed a breakout to the downside was expected and the price started moving above the triangle’s resistance level at first but later ended as a fakeout with the price starting to plummet down below the significant resistance level which served as support.

Now that the price is in an upward trajectory we are most likely seeing a corrective minor three-wave correction which appears to be near completion, so after this minor increase ends I would be expecting the start of another impulsive move to the downside.

If we have seen the end of the second Minute correction now we are most likely seeing the start of the third structure to the downside. If impulsive the price of Bitcoin Cash could go down below the previous horizontal support at $135.3 depending on the momentum behind the sell-off.

If we are seeing the development of the third consecutive correction the price could end its downward trajectory higher which will depend on the momentum.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 21, 2019

Get today's latest bitcoin price prediction along with Ethereum, Ripple and Bitcoin Cash chart value analysis along with real-time live prices and insights.

Bitcoin Price Analysis (BTC/USD)

From yesterday’s low at $4074 the price of Bitcoin has increased by 1.63% as it came up to $4140 at its highest point today, around which it is currently sitting.

On the 15-min chart, you can see that the price of Bitcoin continued moving to the upside after the price retested the falling wedge resistance line for support and came slightly above the 0.786 Fibonacci level at the vicinity of the prior high.

The BTC/USD price hasn’t stayed above the Fibonacci level for much longer as it entered the sellers’ territory and immediately came below it to $4101 at its lowest spike today but is currently again above the Fibonacci level sitting around $4134.

As the BTC price started entering the seller's territory again I would expect a downfall again below it like we have seen the last time. The wave structure looks more corrective then impulsive which is why I still believe that we aren’t going to see much further upside if any.

If we have seen the completion of the 4th Minuette wave inside the triangle, now we are seeing the final 5th wave which could end around the vicinity of the 3rd wave’s ending point, especially if it’s corrective in nature for Bitcoin.

We could see an increase of around 2-4% as there are other significant resistance points above the price which could be retested before the down move starts but judging by the current momentum I don’t believe that the price is heading up for much longer.

Ethereum Price Analysis (ETH/USD)

From yesterday’s low at $139 the price of Ethereum has increased by 2.56% today as it came up to $142.66 to its highest point. The price is currently slightly lower and is sitting at around $141.90.

On the 15 min chart, you can see that the price of Ethereum broke out from the descending triangle on the upside and managed to exceed the previous minor high but with small momentum.

As we have most likely seen the completion of the 4th Minuette wave inside the descending triangle we are seeing the start of the 5th wave to the upside. Looking at the presumed 2nd Minuette wave out of the five-wave impulse we can see the resemblance in structure.

You can see that the yellow area was a double minor bottom which retested its lower support from the range in which it was correcting much like it was recently when the price action showed a similar behavior inside the descending triangle.

Now, most likely the first wave out of the 5th wave to the upside has started as indicated by the red fractal from the 2nd wave. The price is set to exceed the 3rd wave’s ending point but is still unclear where the potential target could be, but if we are to see an interaction with the 0.786 Fibonacci level, we are going to see the price around $151.7.

This five-wave impulse to the upside would be the C wave according to my count which means that when it ends I would be expecting the start of a move to the downside as a trend continuation or the third correction after the price of Ethreum recovered by over 64% until 24th of February.

Ripple XRP/USD

From yesterday’s low at $0.31897 the price of Ripple has increased by 2.37% to its highest point today when the price was being traded at $0.32652.

On the hourly chart, you can see that the price of Ripple has started moving to the upside from yesterday’s interaction with the ascending trendline which served as support and has managed to go above the 0.236 Fibonacci level but came back below it on a minor retracement.

As the price ended another ABC correction to the upside a three wave move the ascending trendline was made after which now we are seeing most likely the start of another upward movement which could be the start of a five-wave move to the upside.

A breakout above the 0.236 Fibonacci level is expected as the Minor Z wave to the upside should start developing but it is still unclear whether the price is potentially heading for a downside move at first as the ABC to the upside ended.

The price of XRP coin has been moving to the upside in an ascending channel which looks corrective in nature but with the sellers being around the same levels at the Fibonacci level the resistance would soon be diminished as the buyers are constantly putting pressure on the level.

If a breakout to the upside occurs I would be looking at the horizontal resistance level at $0.3366 for its the ending point of the increase or the next Fibonacci level at $0.34964, but if the price gets rejected by the resistance found at the 0.236 Fibonacci level I would be looking at a retest of a lower ascending trendline for support at around $0.3144

Bitcoin Cash BCH/USD

From yesterday’s low at $154.7 the price of Bitcoin Cash has been moving to the upside and has made an increase of 2.69% measured to its highest point today at $158.9. The cryptocurrency is currently being traded at around $158, slightly lower than today’s high but is still sitting around those levels, putting pressure at the resistance above.

On the 15-min chart, we can see that the price action completed an ABCDE correction inside the descending triangle and started to break out from the structure which could be an early sign of another increase ahead but the price didn’t come above the prior minor as it encountered strong resistance at the upper horizontal range support now serving as resistance.

The price still above the horizontal support at $155.9 which is a good sign and considering that we have seen a Subminuette five-wave move, this ABCDE could be the correction of the higher degree move which is according to my count the wave C from the ABC correction to the upside and is the wave Y from a higher degree Minute correction.

This means that after potentially one more increase the price heading in a downtrend as this upswing is corrective in nature. The price could go higher than projected around $180 area where the resistance zone’s lower level is but we are yet to see from the momentum ahead.

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Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 20, 2019

Bitcoin BTC/USD Price Watch

From yesterday’s low at $4061 the price of Bitcoin has increased by 1.05% today as its currently being traded at $4104.

On the hourly chart, you can see that the price of Bitcoin started breaking out from the upside as off of the descending triangle and past the falling wedge resistance line which was retested today and proved to serve as support as indicated by a large green hourly candle that followed after a red one that tested the level.

This could be an early sign that the price of Bitcoin will continue moving to the upside as the 5th Minuette wave would develop.

I was expecting a breakout to the downside at first for the price to retest the horizontal level at $3994.4 for support on the 4th wave but now it looks like the 4th Minuette wave has ended inside the descending triangle.

The price could go up to the ascending triangle’s resistance which is the next significant resistance point to the upside and is the triangle formed by the Intermediate correction so a retest of its resistance level would be an optimal scenario.

If that happens we are to see the price of Bitcoin at around $4210 before this corrective upswing ends, but we could see the 5th wave ending lower, around the 0.786 Fibonacci level which is slightly higher then the 3rd wave’s ending point excluding the wicks.

We could also see the price higher than the resistance point around the ascending triangle’s upper trendline as the most significant resistance point around $4300 is the horizontal resistance zone above.

Ethereum ETH/USD Price Watch

On yesterday’s open the price of Ethereum was $140.59 from where we have seen sideways movement until today when the price decreased to $138.88.

As the price fell below the horizontal support level of the descending triangle formed by the price action I was expecting an interaction with the 0.618 Fibonacci level for a retest of support but instead, the price started increasing again and is currently above the $140.91 level from where the decrease was made.

We are yet to see how the price will behave now as it reached its minor horizontal resistance but considering the momentum shown in the last couple of hours I believe that we are going to see a breakout to the upside from the descending triangle.

This would mean that the price is heading for another higher high which could be to the next Fibonacci level to the upside which would in price terms be around $151.74. This would be the final increase according to my count as this upward movement is correctional which means that when it ends more downside would be expected.

This would be the Minute WXY correction to the upside and more downside would be expected since it is most likely the sub-wave of a higher degree move to the downside after the Intermediate WXY to the upside ended.

If this is true then the current upswing could exceed the higher degree high at $170 which would be the invalidation level.

Ripple XRP/USD Price Watch

From yesterday’s open when the price of Ripple was $0.32155 we have seen a decrease to $0.31950 after which an increase occurred to $0.32378, slightly higher than on the open but an immediate decrease below the minor horizontal level as the price came down to $0.31790 at its lowest spike today.

On the hourly chart, you can see that the price of Ripple moved sideways around the first ascending trendline which serves as support but has gone below it today which could be the early sign of weakness. The price managed to recover quickly and is currently above it and as we have seen on the Bitcoin’s and Ethereum’s chart we could see this quick dip triggering buyers which would result in an impulsive increase above the 0.236 Fibonacci level again.

The choppy price action makes it hard to count the waves so we could have seen the end of the expected C wave as I’ve counted five sub-waves but we could very well see another increase even as a corrective one after the price fell below the Fibonacci level.

In either way when the C wave ends I would be expecting a move to the downside as the Minute WXY correction to the upside would end according to my count. First, we could see the price come up to around $0.3366 horizontal resistance level as the C wave could have some more room to go or even retest the prior high at $0.349649.

Bitcoin Cash BCH/USD Price Watch

From yesterday’s open at $160.5, measured to the lowest the price has been today which is at $153.4 we have seen a decrease of 4.43%. Since the price came down to the levels of today’s lowest another increase has been made but only to $158.8 before we have seen first signs of weakness.

On the hourly chart, you can see that the last hourly candle is currently a hammer as a large wick from the upside appeared and considering that the price is currently above the prior higher high and has ended its three wave correction to the upside I believe that now a move to the downside would start developing.

This move to the downside might be correctional before one more higher high if my count is incorrect or the start of the third correctional structure to the downside if my count is correct.

According to my count, this was the second corrective structure after the increase to the upside ended around the $155.9 level which would be the B wave of a higher degree ABC or an WXY depending on the complexity of the correction. So if this is true now the third wave is to be expected to the downside below the horizontal resistance level at $135.3 and even further low if the price is to move impulsively.

Another alternative scenario would be that the increase above the prior high at $155.9 was the third wave of another impulsive move that started as the Minute WXY correction ended (green) in which case another 5th wave to the upside would develop. In that case, the price could increase to around $180 where the resistance zone above is.

Current Crypto Snapshot:

This weeks price watch:

• Bitcoin and Top Altcoin Price Analysis: BTC, ETH, XRP, BCH Value Forecasts (Mar 18)
• Analysis for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and BCH (Mar 19)

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,LTC,BCH): Mar 19, 2019

Bitcoin BTC/USD Price

From yesterday’s open at $4068 the price of Bitcoin increased at first by 1.23% coming to $4119 but since it came up to those levels slightly lower than the Saturday’s high an immediate downfall occurred to the same levels as it did after the Saturday's decreased ended at around $4050 area.

The price is currently again in an upward trajectory sitting at around $4080 close to the falling wedge resistance line. On the hourly chart, you can see that the price action created a descending triangle after the increase has been made on Saturday when the price came up to its significant resistance zone at the intersection between the 0.786 Fibo level and the falling wedge resistance line.

Now that a minor retracement occurred we are to see if the price is to continue moving to the upside for interaction with the upper resistance zone at around $4200-4300 in which case strong momentum will be needed to break out from the current resistance zone.

Considering that this increase made is most likely corrective according to my count I doubt that we are going to see the needed momentum for the price to continue its upward trajectory. Most likely as the price has found itself in a strong resistance zone and has formed a descending triangle we are to see a breakout to the downside from here after further interaction.

When this Minute Y wave ends and it looks like it could have ended we are going to see an impulsive movement to the downside as we did on 24th of February in which case the price of Bitcoin would decrease significantly from these levels back to around $3600.

Ethereum ETH/USD Price

From yesterday’s high at $144.83 the price of Ethereum has fallen by 4.41% at its lowest point yesterday but started increasing from there again and is currently sitting at $141.23.

Like in the case of Bitcoin, Ethereum’s price action has created a descending triangle whose support line is the horizontal resistance level which was broken on the way up and now serves as a support. As the interaction with the 0.786 Fibonacci level was expected for the completion of the Y wave we could see further increase especially if the correction ends if a five-wave move instead of the projected three-wave.

As the price is above the 0.618 Fibonacci level which serves as the support we could see a breakout to the downside from the current descending triangle for a retest of support before further upside movement but considering that this three-wave upswing is most likely corrective when it ends I would be expecting that the price of Ethereum continues its downward trajectory which started on 24th of February after a five-wave impulse to the upside ended.

The price is looking like it could move impulsively to the upside as from 4th of March when the interaction with the 0.5 Fibonacci level was made we could be seeing the development of the uptrend. This isn’t very likely considering that after the five-wave impulsive move to the upside ended we have seen an impulsive decrease of 19.72% as the price of Ethereum fell from $168.5 to $135.21 which is why after this three-wave correction to the upside ends I would be expecting a continuation to the downside.

If the price starts decreasing from here I would be expecting a breakout from the current range to the downside below the 0.5 Fibonacci level which is at $126.76

Ripple XRP/USD Price

From yesterday’s high at around $0.321 the price of Ripple has decreased by 2.26% to its lowest point today at $0.31957. Since then the price has started increasing again and is currently sitting at $0.32158 which is around the horizontal support level from the prior range and is now serving as resistance.

Looking at the hourly chart you can see that the price of Ripple came down to the upper ascending trendline which is the baseline support from the current corrective structure as it encountered resistance.

Now as the support level gets retested we are going to see if the price finds support there or continues moving to the downside to its lower support level. If this occurs the price of Ripple would come down to around $0.3145 but as we are currently seeing the interaction resulting in a slight increase the support will most likely be there.

The price hasn’t come up to the projected target level at $0.3366 so we could see further increase from here but as this increase is correctional when it ends I would be expecting a breakout to the downside.

As previously the price of Ripple experienced an impulsive five-wave increase a correction to the downside started and the price fell down by 13.64% in one go which was an indication of the start of the trend continuation.

The current corrective structure to the upside could be the second wave out of the five-wave impulse to the downside so a third wave should start developing soon. This could be the third correctional structure if the Intermediate correction got prolonged by two more waves so in either way I would be expecting a movement to the downside after this increase ends.

Litecoin LTC/USD Price

From yesterday’s high at $64.1 the price of Litecoin has fallen by 6.63% today measured to the lowest point at $59.855. The price is currently sitting at $60.484 slightly higher than today's low and is trying to establish support on the prior horizontal range resistance line.

Looking at the hourly chart you can see that the price of Litecoin came up above the resistance zone once more and to the upper ascending trendline which serves as resistance. This trendline is the resistance from the expanding diagonal which was the 5th wave ending point according to my count but now that another interaction has been made I believe that the structure has developed fully.

Now that we have seen the interaction with the price’s most upper resistance point we are most likely going to see the start of a downtrend as the price of Litecoin increased by 176% in the last 91 days.

The price came up above the resistance zone but I don’t believe that it will stay there for much longer as it has entered the seller's territory so another round of selling would soon get triggered.

The first area which serves as support would be the lower horizontal levels of the resistance zone which is at around $50 level but if we are to see the start of the trend continues to the downside the price will fall further down below those levels.

Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 18, 2019

Bitcoin BTC/USD

From Friday’s low at $3948 the price of Bitcoin has increased by 5.32% at its highest point over the weekend as it came up to around $4166 level on Saturday. From there the price pulled back to the around $4050 where the minor horizontal support level is and attempted to surpass the prior high but failed to do so today as it came lower to $4122.7 at its highest point.

The price is currently sitting slightly above the mentioned minor horizontal level as its currently being traded at $4063 but since the price came up to its significant resistance zone and has interacted with the falling wedge resistance line the start of a downtrend is expected from here.

The increase that occurred over the weekend was corrective in nature according to my count and was expected as the Y wave from the second Minute correction so the price is most likely heading down from here as the Y wave developed.

If my count is correct we have seen the completion of the second corrective structure after the impulsive increase ended on the 24th of February which is the prolongation of the Intermediate WXY correction as the second wave X.

We could be seeing the development of the five-wave move to the downside out of which the first Minute correction would be the first wave and the now seen increase would be the second corrective wave which means that now a third most stronger one would soon start developing to the downside.

The price could continue its upward trajectory before the third wave structure starts developing in which case I would expect to see an interaction with the upper resistance levels at first to the ascending triangle’s resistance or to the horizontal resistance at $4300 which is the most upper resistance point once serving as support.

Ethereum ETH/USD

From Friday’s open at $134.6 the price of Ethreum has increased by 9.61% on Saturday as it came up to $147.52 at its highest point. As the price pulled back to the $140.53 level from there another attempt has been made for the price to keep up its upward trajectory but the attempt ended as a lower high which is an early indication of the start of the downtrend.

Looking at the hourly chart we can see that the price came above the 0.618 Fibonacci level as the momentum behind the upward move was strong but not strong enough for interaction with the upper Fibonacci level at 0.786 which was expected.

Instead, the price came slightly above the previous structure before the start of a pullback which is why we are yet to see if the price reaches the expected price target, but by looking at the current structure I believe that the expected Y wave has ended.

This was the second three-wave correction according to my count as the price previously increased impulsively so now that it has most likely ended a move to the downside would be expected.

There is some more room to the upside like in the case of Bitcoin before the expected downtrend starts, but the current wave structure implies that the expected downtrend might already start as the price action created its first lower highs and lower lows.

This might be only a slight pullback before another increase which we are yet to see but depending on the support levels that are currently below the price and the strength behind them we are going to see the potential behind the down move as my projected scenario would bring the price of Ethereum down to its optimal support level at around $122.1.

Ripple XRP/USD

From Friday’s low at $0.31658 the price of Ripple has increased by 4.19% on Saturday as it came up to $0.32984 at its highest point. Since then the price has depreciated and is currently sitting at $0.32146.

On the hourly chart, you can see that the price of Ripple bearly made it past the prior high which is why like in the case of Ethereum we could see some minor further increase to the horizontal resistance point at $0.3366 before this upswing ends.

The price is currently below the 0.236 Fibonacci level and is struggling to keep up the upward momentum which is why I would now expect to see a retest of the lower ascending trending which is the baseline support from the current structure as the interaction with its upper resistance levels was made and if the price is to continued moving to the upside an establishment of support is needed.

Bitcoin Cash BCH/USD

From Friday’s open the price of Bitcoin Cash has increased the most as it came up from $130.6 to $164 at its highest point on today which was an increase of 25.55%. The price has pulled back from its highest point today and is currently being traded at $160.8.

On the hourly chart, you can see that much as I said in the last analysis I didn’t believe that the Y wave ended which proved to be true as the price continued moving to the upside above the $135.3 horizontal resistance level and past the prior high at $155.9 which was retested today on a minor pullback.

If my count is correct we are to see the start of a downtrend from here as this was the Y wave from the second corrective structure after the price impulsively increased and broke out from the descending channel.

If we are seeing the start of the impulsive move after price broke out more upside would be expected from here but we are going to see that from the depth of the now expected downtrend.

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Crypto Price Analysis: (BTC,ETH,XRP,BCH): Mar 15, 2019

Bitcoin BTC/USD Price

From yesterday’s low at $3936 the price of Bitcoin has increased today by 1.51% as it came to $3994.4 at its highest point today around which it is currently sitting.

On the hourly chart, we can see that the price of Bitcoin has interacted with the horizontal resistance level and has found resistance there once again as indicated by the wick from the upside on the green hourly candle after which a red one appeared.

This interaction is set to end as a rejection most likely as minor downside movement is expected after the current Minuette ABC correction to the upside develops and now that the price has reached its upper level we are most likely going to see the start of another Minuette correction to the downside develop which would mark the end of the Minute X wave.

As the price has been stuck in the horizontal range between the 0.618 Fibonacci level which serves as a support and the horizontal resistance line at $3994.4 we are seeing correctional movements that are set to retest the significant support/resistance levels.

Now that they got retested numerous time we could finally see a breakout and from what the chart is currently implying we are to see a breakout to the downside as the lower support level needs to get retested again if the price is set to go higher then the $3994.4 level.

This minor downfall is most likely going to end on the ascending trendline which is the upper support level from the ascending triangle which was formed from 15th of December when the Intermediate correction started.

After this interaction, one more attempt for an increase would be made according to my count as the price is heading for its most significant resistance around $4200 for a retest of resistance.

Ethereum ETH/USD Price

From yesterday’s low at $133.8 the price of Ethereum has increased by 2.94% today measured to its highest point at $137.64 where it is currently sitting.

The price of Ethereum has reached the 0.618 Fibonacci level which serves as a strong resistance point and as the price is still in the upward trajectory we might be seeing the start of the expected increase although I believe that the price is heading for a minor retracement as the third Minuette ABC should develop fully, potentially going for another Minuette lower low which would be around $130.42.

This increase would be corrective according to my count as it would be a continuation of the Minute WXY correction to the upside that started on 5th of March when the first significant increase was made of around 13%.

Another increase with similar momentum is expected so the price target for its ending point would most optimally be at around the 0.786 Fibonacci level or in price terms around $151.74.

As this increase is corrective after it ends more downside would be expected for the price of Ethereum as we are most likely seeing the start of the impulsive move to the downside after the Intermediate correction ended.

If the Intermediate WXY correction got prolonged by two more waves which could be a possibility as the price action looks more corrective then impulsive we are seeing the development of the second wave X which would most likely end on the support level formed by the correctional structure which would be around $121.11.

Ripple XRP/USD Price

From yesterday’s open when the price of Ripple was at its highest sitting at $0.32213 the cryptocurrency has depreciated in value by 1.92% to its lowest point today at $0.31594 but started increasing again and is currently in an upward trajectory sitting at around $0.32 level.

The price action on the hourly chart looks choppy and indecisive more than in the case of other major cryptos which is why it has been difficult to confidently count the subways of the current structure, but as the market is strongly correlated and the chart of Ripple indicates we are to see an increase from here as the Y wave from a Minute correction will most likely develop to the upside.

As the price is in the upward trajectory and is below the 0.236 Fibonacci level we are most likely to see an interaction with the level which serves as resistance like in the case of Bitcoin and Ethereum who already completed the pattern.

The interaction with the upper resistance zone would lead to a retracement potentially to some of the ascending support levels formed by the Intermediate correction so the price would, in that case, retest the lower support level before continuing its upward trajectory more decisively.

Y wave from a Minute count is set to optimally end around the $0.3366 horizontal level but it might continue moving to the upside as the prior high might get retested as well.

Like in the case of other cryptos, when this upswing ends I would be expecting more downside for the price of Ripple

Bitcoin Cash BCH/USD Price

From yesterday when the price of Bitcoin Cash was $133.6 at its highest point we have seen a decrease at first to around $128.5 level after which the price started increasing again and came up to $138.2 at its highest point today.

Looking at the hourly chart you can see that the price of Bitcoin Cash has increased like I projected but sooner than projected which makes it hard to say if the Minute Y wave ended or are we seeing the same scenario like expected in the case of other major cryptos – minor retracement before further upside.

The price above its significant resistance level at $135.3 but has been there on the first corrective increase after the initial drop of over 19% we have seen on 25th of February.

I don’t believe that this was the Minute Y wave so I would be expecting that the price immediately starts falling back below the resistance point as it entered the seller's territory.

If the price continues moving higher to the upside then we are most likely seeing the development of the Minute wave Y which could increase further up before the next downfall starts.

Crypto Market Update:

 

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Crypto Price Analysis: (BTC,ETH,LTC,EOS): Mar 14, 2019

Welcome to Today's BitcoinExchangeGuide.com top cryptocurrency coin price prediction and forecast analysis overview. We will be reviewing four coins today in Bitcoin, Ethereum, Litecoin and EOS.

Today's Bitcoin Price Prediction (BTC/USD)

From yesterday things haven’t changed much for the price of Bitcoin as it is still hovering around the same level. On yesterday’s open the price of Bitcoin was $3966.8 from where a downfall to $3925.9 occurred but the price managed to recover since and came up to $3962.6 at its highest point today but is currently sitting at $3951.5.

On the hourly chart, you can see that Bitcoin's price is still above the 0.618 Fibonacci level which serves as a support as it was retested today again proving that the buyers are present at those price levels.

Above the current price position is the seller's territory above the $3994.4 horizontal level which is why we are seeing the price being stuck in the current range from last Tuesday when an increase of over 5.4% has been made as the price found support at the intersection between the 0.5 Fibonacci level and the ascending trendline from the triangle which was formed by the current correctional structure from 15th of December.

As the wave structure implies we are going to see the further sideways movement as the price is most likely to retest the above resistance line once more before falling down again below the 0.618 Fibonacci level at $3936.8.

This would be another ABC correction to the downside which would be the end of the Minute X wave out of the presumed WXY correction in the opposite direction. After this expected move to the downside ends another increase would be expected in a similar momentum like we saw on last Tuesday on 5th of March as it would be the continuation of the mentioned correction.

Today's Ethereum Price Prediction (ETH/USD)

From yesterday’s high at $136.31 the price of Ethereum has decreased by 1.97% measured to today’s lowest point at $133.62. The price started increasing again from there and has spiked up to $138.53 but the spike ended as a large wick on the hourly chart as it quickly pulled back to the levels from where the increase was made. Ethereum's price is currently sitting at $134.72 but is still in an upward trajectory which means that we could see further increase today.

On the hourly chart, you can see that the price action created a five-wave move to the downside after which today we have seen a minor increase. As the price previously ended an ABC correction to the upside we are now most likely seeing the third to the downside which is why I believe that after today’s increase ends we are to see another five-wave move to the downside as the C wave should develop.

This would mark the end of the X wave as three consecutive corrections would end which means that another increase to the upside should be expected as we’ve seen last Tuesday when the price of Ethereum increased by over 12%.

This would be the continuation of the WXY correction to the upside which is the second correction after the first one ended on the 0.5 Fibonacci level at around $126.76. This means that after it ends a third correctional structure to the downside should start developing but first, we are to see some of the upper resistance line getting retested for resistance or even a quick spike above inside the sellers’ territory.

The expected increase would trigger another round of selling which could have enough momentum to push the price below the 0.5 Fibonacci level if it is to be another five-wave move to the downside, but if we are seeing the prolongation of the Intermediate WXY correction the price could correct further before finally establishing support around $121.93.

Today's Litecoin Price Prediction (LTC/USD)

On yesterday’s open the price of Litecoin was sitting at $57.996 which was yesterday’s high as the price started declining from there and came down to $56.122 at its lowest point today which is a decrease of 3.23%.

Since then the price attempted to recover but failed to exceed the prior high and break out above the current resistance zone inside which it is currently consolidating. The price made it out of the resistance zone last week but the encountered resistance above proved to be stronger than the upward momentum which is why the price pulled back inside the territory of the resistance zone again.

On the hourly chart, you can see that the Litecoin price made an increase to the resistance zone in a five-wave manner and created an rising wedge around those levels as the 5th wave ended as an ending diagonal.

Now we are seeing a corrective movement to the downside out of which Tuesday’s increase was most likely the B wave from the ABC three-wave correction which is why after it ends I would be expecting another movement to the downside as the C wave should develop.

This expected move to the downside is set to retest some of the horizontal support levels inside the zone out of which the first significant support would be at around $52.4 which would be the median line and the lower support level would be around $49.236

Today's EOS Price Prediction (EOS/USD)

From last Thursday the price of EOS was $3.9564 at its highest point the price has been in a minor downtrend and came down to around $3.5 at its lowest point of the week on Tuesday which was a decrease of 11.6%. On Tuesday we have seen an increase of 6.63% as the price came up to $3.7414 at its highest point but again started trending to the downside moving below the 0.5 Fibonacci level again.

The 0.5 Fibonacci level serves as significant support/resistance point as you can see from the hourly chart and now that the price came below it we could see the interaction with the support at around $3.2787 where the first correction ended after the initial drop of over 18% we have seen on 25th of February. After this corrective move to the downside which I have labeled as a Minute WXY we are most likely seeing the second correction in the upside direction which is why after this minor downtrend ends I would be expecting another increase like we saw started on last Monday when the price increased in a five-wave manner to the upside.

This increase would have to wait for the current downtrend to end which is why from here I would be expecting another lower low at first and potentially an interaction with the lower support line at $3.2787 so depending on the depth of the expected decrease we are to see where the increase could end. The most optimal EOS price prediction target for the expected increase would be around the 0.618 Fibonacci level at around $4.162 but when it ends I would be expecting more downside for the price of EOS.

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 13, 2019

Bitcoin BTC/USD Price

From yesterday’s open at $3952.3 the price of Bitcoin has decreased at first to $3902 which was 1.26%. From there the price of Bitcoin started increasing and came up to $3976 at its highest point yesterday from where it again started moving to the downside to $3926.3 and is currently sitting at slightly higher at around $3960.

On the 15-min chart, we can see that the price action has ended been moving in a five-wave manner and as it came down to the 0.618 Fibonacci level today where it has established some minor support an upside move was expected which is what happened.

But since that would be the 5th minor wave it is likely going to end on the horizontal resistance at $3994.4 as a retest of resistance before correcting some more in another three wave manner to the downside.

As this was a three wave correction to the upside the third correction to the downside would be expected before we could see a breakout to the upside as the price needs to establish further support which is why the horizontal support levels below the prior one could serve as a support zone for the expected minor decrease.

This decrease would be the last Minuette correction out of the Minute X wave which means that when it ends another increase would be made according to my count as the Y wave should start developing to the upside.

The Minute Y wave would mark the end of the second correction after the price made the initial decrease of over 10% so according to my count, this would be a correctional upside movement before further downside.

Ethereum ETH/USD Price

From yesterday’s low at $130.85 the price of Ethereum has increased at first by 6.16% coming to $138.92 at its highest point yesterday. After the increase ended another downtrend started which pushed the price to $133.5 at its lowest point today, but since the price fell to those levels another attempt of recovery has been made as the price is currently sitting at $135.56.

On the 15-min chart, we can see that the price of Ethereum increased impulsively yesterday which was the C wave from the previous upside correction and as it ended we are seeing the formation of the third correction to the downside which would mark the end of the Minute wave X.

Looking at the current wave structure we can see that the price action has created 4 Minuette waves which means that another one to the downside would be expected as it is most likely already the start of the expected correction to the downside out of which the A wave would be a five-wave move meaning that we are most likely going to see another Zigzag correction before the X wave ends.

The expected B wave would most likely retest the resistance at the 0.618 Fibonacci level around $137 area before another Minuette low would be established and it could end lower than projected on the above chart.

After this current downtrend ends I would be expecting an increase which would be the Minute Y wave out of the three-wave correction in which the price is from last Monday, February 4th.

Ripple XRP/USD Price

From yesterday’s low at around $0.312 the price of Ripple has increased by 6.58% today to its highest point at $0.33256. The price has retraced since and is currently sitting at 0.3266 area but is still in the upward trajectory.

Looking at the 15-min chart you can see that my projection played out which validated my count once again as the expected C wave to the upside started developing. The price is currently above the 0.236 Fibonacci level which was retested on the way down and the price went quickly below it, but the bullish momentum is still present which is why we are most likely going to see another increase.

The C wave is set to interact with the resistance at $0.3366 but it could end lower than that as I have counted 3 waves out of the C wave which is five-wave move so another increase could lead the price higher but not higher then the mentioned resistance level.

When the C wave ends more downside would be expected for the price of Ripple as it would end on the upside, but it is still unclear whether or not the expected move to the downside would be another correction or would it be an impulsive move like we saw on the initial drop when the price of Ripple decreased by over 13%.

If the Intermediate correction ended we are going to see an impulsive wave 3 to the downside as this horizontally ascending price action would be the corrective wave 2, but there is a possibility that this whole structure is a prolongation of the Intermediate correction.

In either way from the resistance at $0.3366 more downside would be expected from which we are going to see which count is valid.

Bitcoin Cash BCH/USD Price

From yesterday’s low at $125.2, the price of Bitcoin Cash increased by 2.85% to its highest point today when it came up to $128.6 but is currently sitting slightly lower at around $127.8 level.

Looking at the 15-min chart you can see that yesterday’s increase was a three wave move with a bit more room to the upside but looking near completion. This means that the ABC correction to the downside most likely hasn’t ended which is why we are likely to see another minor low before the expected corrective increase.

The price of Bitcoin Cash has been following the major cryptocurrency price e charts which is why we are seeing a similar pattern like in the case of Bitcoin but unlike in the case of Bitcoin, the price of Bitcoin Cash is set to go to retest its horizontal resistance level from the first horizontal sideways correction at $135.3.

As the price is set to retest its significant resistance like in the case of other cryptos we are most likely to see a similar scenario – a retest of the significant resistance ending as a rejection which will propel the price in a downward trajectory again.

The Minute Y wave would develop to the upside after this minor expected decrease so depending on its momentum we are going to see if the horizontal resistance gets broken but I don’t believe that it is likely considering that the choppy price action we have seen from 25th of February is the wave 2 from the five-wave move to the downside.

Crypto Market Update:

 

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 12, 2019

Bitcoin BTC/USD

From yesterday’s open at $4006 the price of Bitcoin decreased by 2.56% as it came down to $3903 at today’s lowest point. As the price was above the horizontal resistance level at $3994.4 the seller's territory was encountered which is why another strong downfall started below the 0.618 Fibonacci level which served as support.

The price found support on the upper horizontal support from the previous sideways horizontal range from where another increase has been made in a five-wave manner which is most likely the C wave from the ABC correction to the upside after the first one to the downside.

This would mean that another third correction to the downside should be expected as the Minute X wave should develop to the downside around the 0.618 Fibonacci level or potentially above it to some of the horizontal support levels from the previous lower range.

After more sideways movement we are to see another increase like seen on last Tuesday when the price of Bitcoin increased from around 4.6%. The expected increase is set to retest some of the resistance levels above and is likely going to end around the intersection between the 0.786 Fibonacci level and the falling wedge resistance line which is at $4130.

We could see an increase even further to the upper bold black line which is the resistance line from the ascending triangle formed from the start of this current correction to the upside on 15th of December last year and extends even further to 20th of November.

This would leave a target zone of around $4300-4100 where many of the resistance points are concentrated with the horizontal resistance at $4300 being only the lower resistance from the upper resistance zone.

This is why we could see the interaction with those resistance levels trigger another round of selling which is expected after this increase ends.

Ethereum ETH/USD

From yesterday’s open at $138.93 the price of Ethereum has fallen by 4.62% to its lowest point today at $132.51.

Looking at the hourly chart you can see that the price fell below the 0.618 Fibonacci level as the downtrend continued but since today's low the price has started increasing again which was the continuation of the ABC correction to the upside, and now that the price got rejected by the resistance at the 0.618 Fibonacci level another third Minuette ABC correction to the downside should occur.

These three consecutive ABC corrections are constituting the second wave out of the WXY correction to the upside which means that another increase should be expected as we saw last Tuesday when the price of Ethreum rose by around 11%.

This would be the third wave Y out of the second Minute and like on a minor scale a third one would be expected to the downside when it ends. The price is prior to that going higher but until were, we are yet to see. My best estimation is that we are going to see an interaction with the 0.786 Fibonacci level where the next significant resistance level is and the rejection there would be enough to set the price on the expected downward trajectory afterward.

Ripple XRP/USD

On yesterday’s high the price of Ripple was sitting at $0.32142 and from there as the price was trending down it decreased by 3.07% to today’s low at $0.31155. From there the price started increasing again as it fell to its lowest support levels inside the buyer's territory which is why immediately the price recovered back to the support which was previously broken now retesting it from the downside again as it managed to pull above.

If the price manages to continue moving forward if the support is established we are seeing the start of the increase as the Y wave out of the second Minute correction to the upside should start developing. This would be a continuation of the impulsive increase we have seen last Tuesday when the price of Ripple increased by 6.39% measured to $0.32718 above the Fibolancci level.

Again the price is expected to increase above the Fibonacci level which serves as strong support but the price most likely isn’t heading up further then the next horizontal resistance level at $0.3366.

After this correction to the upside has ended we are to see a move to the downside which would be the continuation of the initial drop we have seen on Monday 25th of February. The price set to go lower from there but it is still unclear where the decrease could end as we are still seeing the price being stuck in a range so either we are going to see its support levels retested or a breakout to the downside which depends on the momentum behind the downmove.

Bitcoin Cash BCH/USD

From yesterday’s open at $131.2 when the price of Bitcoin Cash was at its highest we have seen a decrease of 4.52% as the price fell to $125.3 at its lowest point today.

From there the price started increasing and currently at the prior minor high level forming a U shape which is an indication of the bottom and since an increase to the upside is now expected we could be seeing the start of that increase.

As like in the case of other cryptos, this increase would be correctional and would most likely go slightly over the $135.3 horizontal resistance level to the next horizontal resistance at around $140. This would be a continuation of the three-wave correction to the upside which is why we are most likely seeing this increase.

It would be the end of the second Minute correction after which the price is set to go lower as another should develop to the downside forming a double three correction. Depending on the ending point of the currently expected increase we are to see what the optimal target for the expected decrease would be, but if this was the second wave out of the higher degree three-wave correction we could see more downside for the price of Bitcoin Cash as Y wave would impulsively push the price down.

Cryptocurrency Market Overlook:

 

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 11, 2019

Bitcoin BTC/USD

On Friday’s open when the price of Bitcoin was $3960 we have seen an increase at first but a straight downfall from $4021 to where the increase was made to $3851 at its lowest spiked which was a decrease of 4.23%.

After the price fell it started increasing again and came higher than previously to $4045 but when the price ended this bullish upswing the price started declining again and from there came to $3920 at its lowest point today but is currently sitting at $3942.4.

On the 15-min chart, you can see that this sideways movement we have seen over the weekend meant a breakout from the ascending channel but the price only quickly went below the 0.618 Fibonacci level and is currently retesting it again for support.

The price went above the $3994.4 horizontal resistance level but the resistance encountered there was too strong which is why after the price entered the sellers' territory above it, we have seen another downfall to the last support level which is the mentioned Fibonacci level.

The current structure looks like another correction taking place and judging by the price action movements we are going to see another increase from here now which would be similar to what we have seen after the price fell to the baseline support for a retest and started increasing impulsively as the next correction to the upside started.

Now that the price fell back to its support levels we could see a breakout to the downside but only for another retest of the ascending trendline which is the support from the now formed triangle that started on 15th of December last year when the first impulsive increase has been seen.

The downfall we saw over the weekend followed by the current corrective movement is most likely the wave X from the second Minute WXY to the upside which means that after it ends I would be expecting another increase as we saw on the first W wave.

This increase would set to interact with some of the resistance levels above, optimally with the falling wedge inside whos territory, the price is currently in resistance line intersection with the 0.786 Fibonacci level at 4130.

Ethereum ETH/USD

On Friday when the price of Ethereum was $140.7 we have seen an increase of 1.66% at first to $143.09 but since the price came to those levels another downfall has been seen like in the case of Bitcoin but in the case of Ethereum it was around 8% measured to the lowest spike at $131.26.

Looking at the 15-min chart you can see that after a downfall the price attempted to recover and came back up to around the same levels from which it fell similarly to what we have seen after the initial drop we saw on Monday 25th of February.

As the price started declining again and is currently sitting below the 0.618 Fibonacci level I would be expecting to see the price continues moving to the downside for a bit longer until it reaches some support level for a retest which could be around the vicinity of the ending point of the spike we saw over the weekend at $131.

After this move ends I would be expecting one more impulsive move to the upside which would be the Y wave from the Minute correction that is the second correction after the price impulsively increased to $170.

But after this upside correction ends I would be looking for more downside for the price of Ethereum as this correction could be the second wave from a higher degree WXY correction in which case the third wave Y could start developing.

Ripple XRP/USD

Over the weekend the price of Ripple was been moving sideways going up and down and came from $0.32168 at the open on Friday to $0.3105 at its lowest point but from there started recovering to $0.325 from where another downfall has been made to $0.31437 at its lowest point today.

On the 15-min time-frame, we can see that the price encountered resistance at the 0.236 Fibonacci level today from where the price started decreasing to its current horizontal range support level which wasn’t been displayed on the chart above but is obviously present as the price ended most of the correction around the current vicinity.

The upside would be expected from here as the price of Ripple is most likely undergoing another correction which would be the to the upside and as we are currently seeing a symmetrical triangle formed a breakout from it could occur on the upside which will bring just enough momentum for the last C wave to the upside to develop.

The price target for the expected increase would be higher than the previous high buy lower than the first correction C wave ending point as if this is another Minute correction like we are seeing in the case of Ethreum and Bitcoin after it ends more downside should be expected which is why the price couldn’t exceed the 0.382 Fibonacci level at around $0.349 according to my count.

Bitcoin Cash BCH/USD

On Friday’s high the price of Bitcoin Cash was sitting at $131.2 and from there much like in the case of other cryptos fell steeply and aggressively by 4.09% as it came down to $125.8.

From there the price made a significant recovery going above the level from which the prior decrease was made as it came up to $135.2 level.

On the 15-min chart, we can see that the $135 horizontal level served as resistance which is why the price has n’t exceeded it instead it got rejected by the encountered resistance which set the price moving downward again to its minor horizontal support line on which it is currently sitting.

You can also see my projected scenario in which this increase was predicted which I’ve left to elaborate on the current expectation. You can see that the price could have ended its 3rd corrective wave and the followed increase could be the first wave out of the next 5-wave impulse which would be the Y wave from a Minute WXY correction to the upside much like in the case of other cryptos.

This will soon be validated as if the price continues moving lower below the beginning point of the last seen increase the scenario would be invalidated, but that would only mean that the 2nd wave hasn’t ended which is why the price would continue moving down until it does.

Crypto Market Update:

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Crypto Price Analysis (BTC,ETH,XRP,BCH): Mar 8, 2019

Bitcoin BTC/USD Price

On yesterday's open the price of Bitcoin was $3954 and from there the price increased at first to $3987, then fell to $3945 from where it increased again to $3994.4 and then fell again to $3968.

Looking at the hourly chart you can see that the price action continued creating minor higher highs and higher low as it is still in the ascending channel but now an interaction has been made with the horizontal resistance at $3994.4 so now we are going to see if the price will be rejected or will we see further increase.

The price is above the 0.618 Fibonacci level which serves as a support but the tight horizontal range in which the price action is currently in is making it hard to keep up the bullish momentum which is why we are seeing this ascending channel around the mentioned levels as it is most likely a cluster in which the buyers are the sellers are struggling for control. The buyers are currently in control as the price is moving in an uptrend but this might lead to exhaustion after which the sellers' could start gaining control which would then lead to a breakout to the downside.

The other possible scenario would be that the sellers are going on a temporary halt as they would be willing to sell at a better price which is why they could stop defending the range which would remove the current resistance the price is facing. If this logic gets put into practice we are going to see another impulsive increase to the upside with the price potentially exceeding the prior high at $4261 although the next significant resistance point is at $4063 which needs to be broken after which the 0.786 Fibonacci level at $4130 serves as resistance.

Zooming out to the 4-hour chart you can see my projection in which the price increases from here on another impulsive move to the upside which would be another 3 wave correction similarly to what we saw after the intermediate W wave ended in a Minor WXYXZ correction. This fractality could provide further indication that we are going to see the correction prolonged by two more waves out of which we are in that case seeing the formation of the second wave X.

Ethereum ETH/USD Price

The price of Ethereum has behaved in a similar fashion like in the case of Bitcoin which is reasonable as the market is strongly correlated. From yesterday’s high at $142.6 the price has fallen by 2.6% to its lowest point today but has recovered slightly since and is currently being traded at $140.39

On the hourly chart, you can see that a similar scenario is expected as the price has been similarly which is why I believe that we are seeing the second wave X from the prolonged correction and by looking at the price action after the Intermediate W wave ended and the first X wave started you can see the resemblance with the current structure.

The price is now likely to head up for another increase which could be in a five-wave manner instead of the projected three-wave correction to the upside as this was shown after the Minor W wave ended.

As this movement would be correctional when it ends more downside would be expected from the price of Ethereum as if we are seeing the development of the second wave X the price will go down to around either the ascending trendline from the two points of the Intermediate correction or some of around the 0.382 Fibonacci level at $116.46.

If we see the price moving lower from here the 0.618 Fibonacci level at $137 would serve as support and would only be the completion of the second wave X out of the now presumed Minute WXY correction to the upside.

Ripple XRP/USD Price

From yesterday’s open at $0.32512 the price of Ripple has fallen by 2.72% today measured to its lowest point at $0.31627 but has started to increase from there and is currently sitting at $0.31829

On the hourly chart, we can see that the Minuette ABC correction ended as I’ve counted 5 sub-wave of the C wave which is why now we are most likely to see another 5-wave move to the upside.

If this is true then the price of Ripple could increase to the prior high level at $0.34964 or slightly lower then that around $0.3424 below the W wave ending point.

This would be another correction to the upside after previously the price action made a three-wave move to the downside which was the X wave according to my count and if so we are to see a further decrease for the price of Ripple to some of the support levels for the establishment of support before further correctional movements to the upside.

Bitcoin Cash BCH/USD Price

Looking at the Bitcoin Cash 15-min chart you can see that I have counted three consecutive ABC corrections after which a five-wave move to the upside started, and after it ended the prices started correcting to the downside and now that it too has most likely ended with potentially moving a bit lower to retested the channels support once more we are to see a breakout to the upside as the third wave should start developing.

We are yet to see if this is the start of the impulsive move altogether and since there were three corrections we could see this happen. Another possibility would be that this would be the start of another correctional structure to the upside which would correlate with the expected scenarios in the case of the previously analyzed cryptocurrencies.

The price of Bitcoin Cash will continue moving to the downside from there if it is set to follow the market so we are yet to see what happens when and if the price comes to the expected target levels which would be around $146.3 at the first expected increase.

If the movement ends as a three-wave move and the price starts falling down below the support level on which the price is currently being traded, then that would very likely mean that we are seeing the prolongation of the correction of a higher degree out of which this move to would be the second wave X.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, LTC): Mar 7, 2019

Bitcoin Price Analysis (BTC/USD)

From yesterday’s open at $3951 the price of Bitcoin has been moving sideways – declining to $3918 at first after which a minor increase has been made to around $3994.4 level but the price has retraced since and is currently sitting at around the same level as on yesterday’s open.

On the hourly chart, you can see that the price of Bitcoin came up to the horizontal resistance level at $3994.4 where it has retested it for resistance which is why the price has retraced since the interaction as the level still serves as a respectable resistance point.

We are seeing the price action forming a minor ascending channel which resembles the one prior to the initial drop we have seen on last Monday from which the price broke out from the upside and has continued moving impulsively higher as the 5th wave developed.

Since the BTC price is now impulsively increasing again and has created another similar pattern a similar scenario would be expected meaning that from here most likely we are to see a breakout to the upside with the price continuing its impulsive trajectory.

If the price continues moving impulsively up it could end its bullish momentum at around 0.786 Fibonacci level which would in price terms be around $4130 at max as the 3rd impulse wave has made the majority of the increase for today's Bitcoin price prediction.

Most optimal target would be below the Fibonacci level, around the resistance of the Minor 4th wave from the previous impulse wave to the upside which would be around $480.

Ethereum Price Analysis (ETH/USD)

From yesterday the price of Ethereum hasn’t changed much and like in the case of Bitcoin, moved sideways, forming an ascending channel.

On the hourly chart, we can see that the price has managed to stay above the 0.618 Fibonacci level which serves as support but since the price encountered resistance at the horizontal resistance level which was well respected when the price moved sideways in the first horizontal range after the initial drop, which is why we are seeing struggling to keep up moving to the upside.

The wave structure looks impulsive which is why I would expect to see another increase from here as the 5th Minuette wave should start developing soon. This upswing has started after the first Minute correction ended to the downside which is why this move has been either another correction to the upside or is the start of another impulsive increase.

If this is another correction to the upside we could see a three-wave structure develop which would mean that another increase could occur. This increase would be the Minute wave Y as the correction is most likely to be another three-wave correction.

Previously the Intemediate Y wave ended and is the initial decrease suggested we are to see a trend continuation to the downside, which is why I don’t believe that the price could exceed the prior high for Ethereum's price forecast of today.

Most likely this isn’t the start of the impulsive move and is more likely the prolongation of the mentioned correction. If this is true that the currently expected three-wave increase would be the wave out of the Minor correction that is going to be the second wave X out of the prolonged correction.

If this is not true that we could see the ETH price starting to swift its trend to the downside and continued moving down as this increase would then be the second corrective wave from a higher degree impulse.

Ripple Price Analysis (XRP/USD)

From Monday, when the price of Ripple was $0.3075 at its lowest point, measured to the highest price has been today at $0.327, we have seen an increase of 6.37%.

On the XRP hourly price chart, you can see that I’ve counted the sub-wave from the upswing that started on Monday and as you can see the first five-wave move has ended as well as the Minuette ABC correction.

This means that now another increase should be expected as the Minor Y wave should develop, but the development of another impulsive move to the upside might not happen straight away as the ABC correction might only be a lower degree three-wave move from a larger corrective structure that is set to fully develop after the initial increase was made.

The expected impulsive move to the upside would probably end around the vicinity of the Minor W wave ending point which would be around the 0.382 Fibonacci level which is in price terms around $0.344-0.35 area.

After the increase ends I would be expecting a retracement back to retest some of the support levels in order to establish support but it is still unclear where that support might be which is why we are going to closely monitor the price action in the following period and adjust the projection accordingly for the Ripple cryptocurrency coin.

Litecoin Price Analysis (LTC/USD)

From Monday when the price of Litecoin was around $46 at the open, measured to its highest point at $58.63, we have seen an increase of 27.52%.

Looking at the Litecoin hourly chart, you can see that the price has entered the resistance zone once more and has managed to come up to its upper level, even going slightly above it. But since the resistance, there was strong the price has started struggling to keep up its bullish momentum.

The price action has formed a higher degree ascending wedge in which the 5th wave developed and it came up to the upper level of the support zone which now serves as a strong resistance point. This was expected as the price of Litecoin previously completed another Minute WXY correction, but now that the increase has most likely ended and the price came up to the most significant resistance we are going to see the start of the trend continuation to the downside as the WXY correction ended.

We might see another attempt for a breakout to the upside, but I wouldn't expect it to continue for much longer as it will most likely end as a fakeout. According to my count, we have seen the end of the three-wave correction to the upside, so now either a trend continuation should occur or further prolongation of the mentioned correction in a form of the second wave X.

Top Cryptocurrency Market Cap Coin Price Analysis

As you can see, Bitcoin, Ethereum, Ripple and Litecoin all stand to see some movement as a whole. As it stands today, the morning of March 7, 2019 – here are the stats from the top coins.

• Market Cap: $133,715,167,446
• 24h Vol: $30,992,657,418
• BTC Dominance: 51.5%
• 📈 BTC – $3,915.08 USD (+0,65%)
• 📈 ETH – $139.15 USD (+0,83%)
• 📈 LTC – $56.59 USD (+5,89%)
• 📈 EOS – $3.80 USD (+1,45%)
• 📈 XRP – $0.316923 USD (+0,99%)
• 📈 ADA – $0.042818 USD (+0,62%)
• 📈 NEO – $8.85 USD (+0,89%)
• 📉 TRX – $0.023353 USD (-1,20%)

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 6, 2019

Bitcoin BTC/USD Price

From yesterday’s interaction with the baseline support when the price was at around $3790 at the open, measured to the highest point the price has been today which was at $3986.6 we have seen an increase of 5.18%.

Looking at the 15-min chart we can see that the price moved in 5 waves to the upside and came close to the projected target level at the horizontal resistance at $3994.4 but the was no interaction, instead, the price spiked up quickly before falling down equally strong and is currently retesting the 0.618 Fibonacci level in a lookout for support.

As we haven’t seen the interaction with the mentioned level and as the wave structure looks undeveloped we are most likely to see another attempt for the price to continue its upward trajectory which would be the 5th wave from the now seen impulsive move to the upside.

This was expected as previously another Minute correction to the downside ended but it is still unclear whether or not the current upward move is the start of another correction to the upside or is this the last wave from the previous correction.

In either way now that the price moved impulsively to the upside and came close to its resistance we are going to see a retracement or the start of another move to the downside.

The now expected decrease would be most likely a three wave structure as we have seen a five-wave move to the upside, after which I would expect to see another five-wave move to the upside as I believe that this current upside movement is another Minute WXY correction following the previous one.

Ethereum ETH/USD Price

From yesterday’s open at $127.91 the price of Ethereum has increased by 12.48% measured to its highest spike today at $143.87.

On the hourly chart, you can see that I’ve started shifting towards my alternative coun as I’ve incorporated the first five-wave move to the downside in the correctional count instead of leaving it as the potential first wave of a higher degree impulse.

This is due to the fact that we have seen an impulsive five-wave move to the upside today which was included in my primary projection but as the structure from last Monday looks more corrective then impulsive I believe that we are most likely seeing the prolongation of the Intermediate WXY correction in which case the refereeing structure would be the second wave X.

If this is true then the current move to the upside is the second wave out of the Intermediate X wave and is set to go upward to around the media level of the current range which would be at around $149.

Now that the upward move ended we are going to see a movement to the downside from whose depth we are going to see if the count gets validated. If this is the Minute correction to the upside we are to see the price retrace before increasing again.

Ripple XRP/USD Price

From yesterday’s low at $0.30726 the price of Ripple has increased by 5.8% today, measured to the highest point the price has been today at $0.325.

Looking at the hourly chart you can see that after the Intermediate Y wave ended the price fell impulsively to the downside which meant that we were most likely seeing the start of the impulsive decrease as a trend continuation after the correction ended, but after some period of consolidation the price increased equally strong to the upside coming close to the level from which the decrease was made.

This increase to the upside was due to the coinbase pro listing but since the price came close to the levels from where the major decrease was made another correction took place and the price action formed a descending triangle.

As I’ve counted a three-wave move inside the triangle and considering that today’s increase lead to a breakout to the upside we can say that the Minute WXY has most likely ended which is why another structure started forming and as the market is strongly correlated I would presume that it will be another Minute correction to the upside just like expected in the case of Bitcoin and Ethereum.

The price action for the price of Ripple has been moving sideways more than other cryptos which is why it has been hard to say where are we in the market context sense, but if we are to follow the logic of market correlation we could be seeing another correctional wave as the Intermediate correction got prolonged.

Bitcoin Cash BCH/USD Price

The price of Bitcoin Cash has increased by 9.4% – coming from $122.1 at its lowest point yesterday, to $133 at its highest point today.

On the hourly chart below we can see that the price encountered resistance at the horizontal resistance level but an interaction hasn’t been made like in the case of Bitcoin which is why we could see another minor increase before another move to the downside starts.

In the case of Bitcoin Cash, I wanted to present an alternative possibility in which from here the price could go further down without one more five-wave increase that is expected and this scenario also could be applied on previously analyzed cryptos.

In this scenario I’ve includes the first decrease made on last Monday as the start of the correction like in the case of other cryptos but in this scenario, the difference is that the Minute correction hasn’t ended on the three wave move but is instead a five-wave correction out of which the current increase would be the second wave X.

If this is true, that would mean that another move to the downside is coming which would form a lower low potentially to the vicinity of the horizontal support at $107.4 as it is the most significant support to the downside.

In either way now that the increase has ended and we are seeing the prices interacting with their resistance point a minor downtrend would now most likely occur from which we are to see which count gets validated.

Overall I believe that this correctional movement is the second wave X from the Intermediate correction which means that when it ends another move to the upside would occur as the last Intermediate wave Z is to develop.

Cryptocurrency Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 5, 2019

Bitcoin BTC/USD

From yesterday’s high at $3908 the price of Bitcoin has fallen at first by 3.11% as it came down to $3786 at its lowest yesterday. Starting from today’s open the price has started increasing again and is currently sitting at $3915.8 slightly above yesterday’s high and has gone further up to $3936 at its highest point today.

Looking at the hourly chart you can see that the price of Bitcoin fell to the baseline support for one more interaction like expected which was the 5th wave of a minor 5-wave move to the downside and as it has ended another third correction has started to the upside.

As the projected scenario is playing out like expected, this increase that we are seeing is most likely corrective which is why there isn’t much momentum for a breakout to the upside above the $3936 resistance level, instead of the Fibonacci level has rejected the price for now so we are soon going to see if my projection is valid.

The price broke out from the horizontal range in which the price action was forming a descending channel and now that the price is back to its resistance we are likely to see further trend continuation to the downside.

Three consecutive corrections would be the second wave from a higher degree impulse or at least the second wave out of the three wave corrective wave to the downside if the Intermediate correctio got prolonged in which case this downside move would be the second wave X.

If the price continues moving higher and I don’t believe that it will we could see an interaction with the $3994.4 horizontal resistance level which could reject the price strongly a would propel it in a downward trajectory again.

Ethereum ETH/USD

On yesterday’s open the price of Ethereum was $134 and since the price was in a downtrend a decrease continued by another 5.46% as the price came down to $126.66 at its lowest point yesterday.

From today’s low at $127.7, the price of Ethereum has increased by 8.34% measured to its highest point at $138.39 but since the price encountered resistance at the intersection between the 0.618 Fibonacci level and the descending trending which is the resistance line from the channel out of which the price broke out to the downside.

On the hourly chart, you can see my alternative count in which I have accounted the first 5-wave move to the downside as the start of the correction as to show that even if the ending point of the correction is opposite I would still expect downside from here as a third correction should occur.

In my primary count, the first 5-wave move to the downside are the start of the impulsive wave of a higher degree out of which the horizontal range in which the price was consolidating was the second wave but as the second wave usually retraces back by around 70% after the first direction wave, and as you can see that didn’t happen, I am starting to lean more toward my alternative count.

This would, in that case, be the second wave X out of the Intermediate WXYXZ correction as it got prolonged by two more waves.

Soon we are going to see which count gets validated as the price of Ethereum will soon retrace and from the depth of the retracement, we could start to see some indications.

Ripple XRP/USD

From yesterday’s high at $0.31952 the price of Ripple has fallen by 3.85% to its lowest point yesterday as it came down to $0.30721 at first but since then it started increasing again and has come up to $0.3214 at its highest point today which was an increase of 4.56%.

Looking at the hourly chart you can see that the price of Ripple has ended its 5-wave move to the downside as the price came to the horizontal support line (purple interrupted line) and found support there retesting the level for two times before starting to increase again.

As the first Minute WXY correction to the upside ended we are most likely seeing another to the downside or at least some further correctional movement out of the same correction of a higher degree, in which case the current increase would be the upward wave Y.

In either way, the price of Ripple has been struggling to keep up the upward momentum shown after the initial drop which is why I strongly believe that this whole move seen on the hourly chart above is corrective and is why I would expect to see more downside from here.

The sideways movement makes it hard to say when the move should start but if this current increase is the upward facing wave Y then after it ends we could see another impulsive decrease to the downside.

This would be the 3rd wave according to my primary count but could also very likely be the prolongation of the Intermediate correction like in the case of Ethreum which we will soon validate.

Bitcoin Cash BCH/USD

From yesterday’s high at around $130 the price of Bitcoin Cash has decreased at first by 5.7% as it came down to $122 at its lowest today but has started increasing again, following the major cryptos and is currently sitting at $129.6 struggling to keep up the upward momentum around the vicinity of the yesterday’s high.

On the hourly chart, you can see another variation of my count like I said it could have been in the price of Ripple. This is still according to my primary count in which the initial decrease we have seen last Monday was the start of the impulsive move to the downside.

The current structure is, in that case, most likely the second wave out the mentioned higher degree 5-wave move so after it ends more downside would be expected for the price of Bitcoin Cash as the 3rd wave should start developing.

If this is true, then the price of Bitcoin Cash could fall to around $107 on the next run down as it is the next horizontal level in line that could serve as support.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 4, 2019

Bitcoin BTC/USD Price

From Friday open when the price of Bitcoin was around $3900 at the open the price has increased at first by 1.28% as it came up to $3950 which was the highest point the price has been over the weekend as it started decreasing from there to $3868 were the lowest horizontal support level was then increased again to the descending trendline which serves as resistance before falling down to the most significant support line above which it is currently sitting.

This sideways movement we have seen over the weekend was the X wave of the second Minute WXY correction to the downside and as it retested the baseline support with a 5-wave move it most likely ended.

From today’s highest point when the price of Bitcoin was $3907.5 measured to the lowest point, the price has been today at $3768 we have seen a decrease of 3.57%. This decrease was most likely the Y wave, so now as it ended on the 5-wave move we are seeing the start of another correction to the upside.

The similarities in the last Monday’s drop after which we’ve seen the first Minute WXY correction to the upside and the current drop could be seen in the wave structure which is why I believe we are to see a similar correction.

The expected third Minute correction would most likely end around the vicinity of the horizontal resistance either at $3994.4 or lower to the vicinity of the first Minute correction ending point around $3960.

If this is true, then more downside should be expected for the price of Bitcoin as this would be the completion of the 2nd wave of a higher degree impulse out of which the 1st wave would be the 10%+ drop we’ve seen last Monday.

This is still to be confirmed as there are different and alternative counts.

Ethereum ETH/USD Price

From Friday’s open when the price of Ethereum was $130.8, measured to the current level at $128.76 we have seen a decrease of 7.4%. The price hasn’t fallen in a straight line, instead, it moved sideways over the weekend as expected before finally dropping today.

Looking at the 15-min chart you can see that the price fell below the 0.618 Fibonacci level and found support on the descending channel’s support line from which it bounced back to the Fibo level where it got rejected. As the Fibonacci level served as resistance once the price fell below it the price was sent in a downward trajectory and is currently below the descending channel’s support line.

As previously we have seen a correction to the upside which ended on the descending channel’s resistance line the sideways movement we have seen over the weekend following today's drop is most likely the second Minute correction.

I have counted 5 waves which means that in either way the downward movement is over so we are soon going to see what follows. According to my count, we are most likely to see a third correction which would be to the upside and could push the price much higher than projected.

There is a possibility that from here we see a bullish increase as the price has retraced to the 0.5 Fibonacci level from the last impulsive move to the upside which according to my count was the Intermediate wave Y.

The Intermediate correction might get prolonged by two more waves in which case this whole movement to the downside we’ve seen from last Monday could be the second wave X, which would mean that another increase to the upside could be made but until something dramatically changes my primary count remains.

Ripple XRP/USD Price

From Friday's open when the price of Ripple was $0.32057 measured to the current level at $0.30951, the cryptocurrency has depreciated in value by 3.45%.

The price increased at first from Friday’s open it came up to $0.33173 at its highest point which was the ending of the third Minuette ABC correction which is why when it ended the price started moving impulsively to the downside like expected.

Now that the price came close to the projected target area and is looking like it found support there with potentially retesting it once more we are going to see the price increase from here but till when we are yet to see as this could be the first impulsive move out of the 3rd wave of a higher degree impulse out of which the Minute WXY correction was the 2nd and the 13.66% decrease we saw last Monday is its 1st.

We could very well see another correction to the upside which is in my mind more likely as the Minute WXY correction could get prolonged by two more waves in which case the current decrease we saw from Friday would be the second wave X and that the last Z wave would bring the price much higher before the mentioned 3rd impulsive move to the downside starts.

Bitcoin Cash BCH/USD Price

From Friday when the price of Bitcoin Cash was $133.1 at its highest point, measured to the lowest levels the price has been today, we have seen a decrease of 9.43% as the price came down to $120.5 at its lowest point today.

On the 15-min chart, you can see that the Y wave ended much lower than I was expecting it to but the price came down exactly to the levels I’ve projected. As the Minuette WXY ended we are seeing the trend continues to the downside. The decrease looks impulsive and is most likely the start of the 3rd impulsive move which still hasn’t ended as the 5th Minuette wave should develop.

After the decrease ends and it will soon we are going to see which of my counts gets validated as I have presented different outlooks in today’s report. The market is strongly correlated still which is why the EW count is similar in the case of every major crypto so what applies to those, applies to the majority.

Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Mar 1, 2019

Bitcoin BTC/USD

From yesterday's open at $3870.9 the price of Bitcoin has increased at first by 3% as it came to $3986.9 at its highest point yesterday, but started immediately decreasing from there, leaving a wick on the 15-min chart and fell to $3893 at today's open.

The price is currently sitting at around $3926 on the descending trendline which served as a significant resistance point, so we are now going to see if the price is to get rejected by it or are we going to see a breakout to the upside.

Looking at the 15-min chart you can see that the price of Bitcoin in undergoing further correctional movements most likely so there aren’t still any decisive moves on the horizon but as the last ABC to the upside ended we are now going to see if the price starts impulsively going to the downside as the trend continuation should occur, or are we going to see further prolongation of the corrective range.

I have counted the sub-waves and they imply that this structure is most likely the second wave out of the higher degree impulse but we are to see if this is true as the price could be very well preparing for another increase before that expected trend continuation starts.

Monday’s decrease is the first impulsive move from that expected trend continuation but it could very well be the second wave X from the previous WXY correction as now it got prolonged by two more waves X and Z. If this is true then the price of Bitcoin could exceed the prior high on the Z wave although not very likely as the Monday’s decrease looks more impulsive than corrective in nature.

Over the weekend we might see some indication on the breakout direction but until then the more sideways movement is expected.

Ethereum ETH/USD

From yesterday’s open at $136.49 the price of Ethereum has increased by 3.38% at first coming to $140.20 at its highest point today but retraced since and is currently sitting at $139.12.

On the 15-min chart, you can see a similar projection like in the case of Bitcoin as the market is strongly correlated it is similar on the chart of most major cryptocurrencies. The current range has been made by correctional movements which will most likely end as a Minute WXY correction and is the second wave out of the impulsive move to the downside that started on Monday.

Currently, the price action is in the development of its third wave so another increase from here would be expected before we see the trend continuation. If the price increase from here I would be looking at the ascending trendline that was formed by the W wave and is still unconfirmed for interaction and an ending point of this Minute correction.

We might see further sideways movement if the correction gets prolonged by two more waves in which case the price could go significantly higher than expected buy in either way when it ends I would be looking at more downside for the price of Ethereum.

Ripple XRP/USD

From yesterday’s open at $0.31545 the price of Ripple has increased by 4.08% measured to the currently traded level at $0.32872 which is the highest point today.

Looking at the 15-min chart we can see that the second ABC correction ended which is why another 3rd one in the opposite direction started.

The C wave out of the last correction has almost come to an end as I have counted 5 sub-waves so another pullback is soon to start. As we’ve seen two consecutive corrections now most likely the 4th one is to take place which is why over the weekend we could see a further price drop for Ripple or it could mean the end of the correction altogether as we have seen three corrective structures.

The price is currently above the 0.236 Fibonacci level which serves as significant support/resistance point but I don’t believe that it is going to stay above it much longer as the price has entered the territory of the upper horizontal range where sellers’ territory is.

Price action has started forming a U shape so we could potentially see the formation of the cup and handle pattern out of which the handle would be the start of the 3rd wave out of the higher degree impulse.

If another correction takes place and we are not seeing the start of the 3rd impulsive move, then another 5th correction is to take place before it does, which means that the price of Ripple could go up again for one more lower higher before it does.

Bitcoin Cash BCH/USD

From yesterday’s high at $132.3 the price of Bitcoin Cash has fallen by 2.77% to its lowest point today at $128.7 but has managed to recover slightly as its currently sitting at $131.

On the 15-min chart, you can see that unlike in the case of other cryptos analyzed the price action on the Bitcoin Cash chart has created a symmetrical triangle. The price is currently sitting at its median point and is getting close to the apex which means that a breakout is to be expected soon.

As the wave structure implies the breakout will most likely be from the upside as the Y wave out of the Minuette WXY correction should develop fully and count go above the horizontal support/resistance at $135.3 but only for a while as more downside would be expected from there as a trend continuation from a higher degree impulse.

We could see further prolongation of the mentioned correction but that would be unlikely considering the momentum behind the Monday’s sell-off I think that a decisive move is coming very soon.

Cryptocurrency Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, EOS): Feb 28, 2019

Bitcoin BTC/USD

From yesterday’s high at $3928 the price of Bitcoin has decreased at first by 4.16% as the price dipped to $3764 at its lowest point. After the price fell it quickly came back to the levels around yesterday’s high where it is currently sitting.

On the hourly chart, you can see that the price came down to the baseline support which is the most significant trendline of them all as it is the support line from the start of the bear market where interaction was made in order to retest it for support.

The support was there judging by how fast the price came back and that of an equal amount which is potentially why the price is now staying steadily at the same level from which the decrease was made.

Previously we have seen a strong downward momentum which indicates that the sellers’ have been triggered but the current ascending channel that was formed after might serve as a recovery point.

The struggle between the buyers and the sellers and the uncertainty the market has been overruled by has caused stagnation which could be prolonged until the weekend when we might see the first decisive move.

Considering that the 5-wave impulse ended and with it the WXY correction according to my count we are either seeing the prolongation of that correction or the start of the trend continues to the downside, but judging by the current structure and how corrective it looks the first scenario looks more likely.

If we are seeing the prolongation of the correction that started around 15th of December last year, what we are currently seeing is the second wave X which then started on Sunday when the first significant decrease was made, but that also means that the Z wave to the upside should develop after so another increase beyond the prior high could happen before the expected trend continuation which we will soon verify.

Ethereum ETH/USD

From yesterday’s low at around $138 we have seen an increase of 3.84% at first, after which the price started moving to the downside fast and came to $128.88 at its lowest point but managed to recover equally quick and came back to above $140 level where it is currently sitting.

Looking at the hourly chart, you can see that the impulsive move to the upside ended as I have counted 5 waves so after the price interacted with the ending point of the Fibonacci retracement around $170 area it started its retracement and found support around the 0.618 Fibo level around which an ascending channel started forming.

Yesterday we have seen a huge spike to the downside but the movement ended as a fakeout as the price quickly came back inside the territory of the channel and has been hovering around its support since.

You can see my projected WXY count which I haven’t readjusted on purpose as I am still unsure whether or not the yesterday’s decrease was the X wave’s ending point or was the decrease made as the correction ended.

In either way, I would be expecting more sideways movement with a potential increase if the Y wave hasn’t ended after which a decrease should occur, as according to my count a Y wave of an Intermediate degree ended and we are seeing the start of the trend continuation.

XRP/USD

From yesterday’s open at $0.324 the price of Ripple has decreased at first by just over 4% as it came down to $0.3109 at its lowest point yesterday but like in the case of Bitcoin and Ethereum managed to pull back up equally strong as it came back to around the levels from which the majority of the decrease has been made and is currently sitting at $0.31808.

On the hourly chart, you can see that after Sunday's decrease, the price of Ripple has come back up, trying to make up for the loss previously made but the price came lower than the Sunday’s high as it encountered resistance around those levels.

This propelled the price in a downward trajectory again which looks corrective in nature and I have counted the first 5-wave correction and now the second 3-wave correction in the opposite direction which is why now I would be expecting more downside for the price of Ripple as either another third consecutive correction is to take place or the trend continues.

The price dipped to the horizontal support level at $0.3057 which is the previous impulse wave’s 4th wave ending point and was serving as support on Monday’s decrease where the price landed and managed to start increasing again, but I don’t believe that it will hold for much longer as it already stopped out two powerful attempts and the longer the pressure is put on the level the weaker it would get.

This is why I would be expecting to see now a breakage of the mentioned horizontal level and further decrease but we could also see the current three wave correction currently labeled as an ABC prolonged in which case the price could get up to form another lower high before the further downfall.

EOS/USD

Unlike in the case of other cryptos, from yesterday’s open the price of EOS has only been increasing and has managed to come up by 6.37% at its highest point today as it came from $3.4588 to $4.679 but has retraced since slightly and is currently sitting at around $3.6 level.

On the hourly chart, you can see that the price is interacting with the 0.5 Fibonacci level, retesting it for resistance from the downside. As it does serve as strong resistance I would be expecting a rejection soon which will propel the price further to the downside but with potentially going quickly above it on the current Subminute 5th wave.

As you can see, according to my count the move to the downside we have seen ending on Monday was most likely the first impulsive move out of the expected trend continuation in which case the current structure could be the second corrective wave which would be a three wave correction out of which the third Y wave is the 5-wave upswing.

This is why after the price interacts further with the 0.5 Fibonacci level and attempts to go above it we are most likely going to see another downfall as the sellers’ could get triggered but the upswing.

Current Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 27, 2019

Bitcoin BTC/USD

From yesterday’s open at $3932 the price if Bitcoin has been moving sideways, decreasing at first to $3880 at its lowest point today which was a decrease of 1.33% but started increasing after and is currently only around the same level as on yesterday’s open.

Looking at the 15-min chart you can see that the price action has created an ascending channel both a major once (labeled with a blue outline) and a minor one (labeled with an interrupted black line) inside its territory.

The price is currently interacting with the resistance of the minor channel which is why I would now be expecting a decrease to its support line or even spiking further down in order to activate buying necessary for another attempt of a breakout to the upside making a higher high inside the major channel.

According to my count, this move would be only correctional as the price previous decreased impulsively much like we have seen immediately after the decrease labeled as the first orange ABC. As the price decreased afterward in the same three-wave manner we are most likely seeing the third consecutive correction which would be to the upside and potentially retest the horizontal resistance at $3994.4 before further trend continuation.

A breakout to the downside is expected from here as the ascending channel is most likely the second corrective wave after the first impulsive out of the 5-wave impulse to the downside which started as previously the Intermediate WXY correction ended.

Ethereum ETH/USD

From yesterday’s open at $142.35 the price of Ethereum has been decreasing at first as it came down by 3.12% to its lowest point today at $137.91 but since it came to those level the price started increasing again and has managed to come above yesterday’s open level but only for a short time as it didn’t stay long at $143.2 before falling again to $141.

This sideways movement was the end of the symmetrical triangle in which the price was consolidating after the initial decrease ended on Monday’s open and as the price got near to its apex a breakout from the upside occurred but the breakout was short-lived as the momentum behind the increase came to a stop just in the last couple of hours when the price started decreasing again.

Looking at the 15-min chart you can see that the price action is starting to create a similar formation like on the higher time-frames as we have seen an Intermediate WXY correction after a strong decrease similarly to what can now be seen on a lower time-frame after the Intermediate Y wave ended which could serve as an indication on where the market is going next.

According to my EW count, the price could continue its started increase but only for a little while as the price has some significant resistance point above it out of which the validation of the ascending channels resistance line would be an optimal possibility before we see further trend continuation as it would be an interaction with the mentioned level and would end as a rejection.

This would be enough to set the price of in a downward trajectory and with so much uncertainty I believe that will set off an overreaction as the market participants could get triggered for another round of selling as they have seen the price of Ethereum decrease of about 20% on Sunday.

This would be the beginning of the 3rd impulsive wave to the downside which is known to be the most powerful so the expected price decrease exceeds the seen chart but if this is true then the price is definitely going below the 0.618 Fibonacci level which for now still serves as a support.

Ripple XRP/USD

From yesterday’s open at $0.336 the price of Ripple has been decreasing and came down by 5.42% to the lowest point today at $0.31786 which was an interaction with the minor uptrend support line.

Since the interaction, the price started increasing again but is still below the 0.236 Fibonacci level which serves as resistance and is most likely going to serve now again.

I am still not sure what the current structure is going to ends as but correctional movements could be seen everywhere which is why I believe that this whole structure is the second corrective wave out of the higher degree impulse as the C wave of a Minuette count ended below the begining point of the Sunday’s decrease which would be the first wave of the presumed impulsive move.

This count presumption still needs further verification which is why I still haven’t been labeling it on my charts but looking further into the price action of Ripple and how the market participants are behaving we are likely to see further correctional prolongation in the case of Ripple before any decisive moves.

Bitcoin Cash BCH/USD

From yesterday’s high at $136.4 the price of Bitcoin Cash has decreased at first by 4.86% coming to $129.7 at its lowest point today but like in the case of other cryptos another minor increase has been made and the price is currently sitting at $131.7.

On the 15-min chart, you can see that the price of Bitcoin Cash has started putting pressure on its minor uptrend support line out of the current ascending channel in which it is consolidating after a strong decrease so we might see a breakout to the downside any moment now.

However I don’t believe that we will as the wave structure implies that the price would most likely increase at first as the Minuette WXY correction is to fully develop its Y wave.

This will result in a rejection which would propel the price into further downside trajectory with new lower lows ahead as according to my count this ascending channel is only corrective in nature.

Cryptocurrency Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 26, 2019

Bitcoin BTC/USD

From yesterday’s open at $3828 which was also the lowest price has been we have seen an increase of 3.57% at first as the price came up to $3965 to its highest point yesterday but started falling down again and came down to $3864 at its lowest point today from where another minor increase has been made and the price is currently sitting at around $3911.

On the hourly chart, you can see that this sideways movement that we have seen from yesterday’s open has created an ascending channel in which the price is consolidating after the Monday’s downfall and is trying to recover for the loss made.

The price has landed on the most significant support line which is the baseline support dating since the beginning of the bear market and found some support there which is why this ascending channel has been formed above it.

The baseline support has been broken on a downfall from $6500 area after which we have seen a correctional movement out of which this last increase was its ending point as I have counted 5 waves to the upside, and now that it has ended we are most likely seeing the start of the expected trend continuation to the downside.

If this is true then the yesterday’s decrease would be the first impulsive wave and this ascending channel that has started to form would be the second, correctional wave, which is why after it ends another downfall would be expected.

As the horizontal resistance level at $3994.4 is close to the apex of the ascending channel we could see the price retest the level from the downside ending as a rejection which would propel the price in a further downfall.

Ethereum ETH/USD

From yesterday’s open at $135 which was also the ending point of Monday’s downfall we have seen an increase of 7.26% at first as the price came up to $144.85. From there the price started falling down again but managed to stay above yesterday’s low making a higher low at $138.67.

The price is currently sitting at around $139.5 level and is getting close to the apex of the newly formed symmetrical triangle seen on the hourly chart below.

The price managed to stay above the 0.618 Fibonacci level which serves as support but this could only be temporary as the symmetrical triangle could be interpreted as a bearish pennant which is known as a trend continuation pattern.

As the price came close to its apex we are going to see a breakout soon and considering that we are seeing a symmetrical triangle a breakout from both sides is equally possible. The sellers’ momentum shown on Sunday definitely indicates that more downside should be expected but we could see an increase at first as a breakout from the mentioned triangle on the upside in which case it would be a correctional wave 2 of the impulsive move to the downside out of which the Sunday’s decrease would be the first wave.

Previously the Intermediate Y wave out of the WXY correction that started on 15th of December ended so this expected decrease would be a trend continuation according to my Elliott Wave count, but we could see a further prolongation of the mentioned correction.

If the correction gets prolonged we could see further sideways movement in which case the now developing structure would be the second wave X after which a final increase could be made on the Z wave.

In either way, the price of Ethereum has most likely ended its bullish period which is why now we are to see the further downfall.

Ripple XRP/USD

From yesterday’s open at $0.304 the price of Ripple has increased by 13.42% measured to its highest point at $0.34481 yesterday but when it came up to those levels the price started depreciating again and came down to $0.3239 at its lowest point today.

The price of Ripple is currently in an upward trajectory and is sitting at around $0.329 but as the price action started forming another descending structure after yesterday’s increase I wouldn’t expect it to go for much longer up.

If the Intermediate Y wave ended and according to my count it did, we are seeing the development of the impulsive move to the downside as a trend continuation, out of which the yesterday’s increase would be accounted as the second, corrective wave.

I have labeled my projection unlike on other charts as the price of Ripple has given some indication yesterday on whether or not it is heading further up, but I don’t believe that the downfall would be in a straight line like depicted on the above chart.

You can see that I have labeled with an azure rectangle the recent area in which the price action resembles the current one which could indicate the type of structure that should now be expected, but the projection outlines some of the significant levels that should be looked out for.

Bitcoin Cash BCH/USD

From yesterday's open at $126 the price of Bitcoin Cash has increased by 8.8% measured its highest point yesterday at $137.3 but like in the case of other cryptos it started decreasing again and came down to $131 making a higher low.

Looking at the hourly chart we can see a similar chart pattern like in the case of Bitcoin as the price action created an ascending channel by the recent sideways movement.

By further examining the wave structure inside the ascending channel I have come to a conclusion that it correctional so after its completion, I would be expecting a breakout to the downside which would most likely be the third wave of the impulsive decrease which started on Sunday.

The third wave cannot be the shortest which is why an even stronger downfall is to occur if my count is correct and the most optimal target for its completion would be around $106 area.

Current Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 25, 2019

Bitcoin Price Analysis (BTC/USD)

Over the weekend the price of Bitcoin has increased at first as it came up from $4023 up to $4277 at its highest point on Sunday which was an increase of 6.31%. From there it started falling down fast as it came to $3832 which is a decrease of 10.41% and has been hovering around those level since.

Looking at the hourly chart, you can see that the price came to my target area of around $4300 where the horizontal support zone is serving as resistance on the 5th wave to the upside which is why this downfall was expected to develop.

Currently, the price is hovering around the most significant support line which is the baseline support from the start of the bear market and was serving as strong resistance on the way up, but the momentum was there in order for the price to go past it.

Now that the price has started falling again it is again serving as support but since the level was broken on the way up without any hesitations and rejections – pushing the price for a retracement, it probably won't hold as support for much longer especially considering the momentum shown by the sellers’.

The price action formed what is known as a lower leg and it usually indicates consolidation before a trend continuation which is why now especially considering that the Intermediate Y wave ended we are most likely to see more downside for the price of Bitcoin with news lows ahead as this recovery was only correctional according to my count which got validated numerous times.

We could see the Intermediate WXY correction prolongation which would result in further sideways movement with a potential of another increase on the Z wave, but considering the momentum shown by the sellers,’ it has most likely ended in which case we are seeing the start of an impulsive move to the downside as a trend continuation.

Ethereum Price Watch (ETH/USD)

From Friday’s open when the price of Ethereum was around $146 at the open we have seen an increase of 16.38% as the price came up to around $170. From there the price started falling fast like in the case of Bitcoin and came down to $135 area where it is now which is a decrease of 20.5%.

On the hourly chart, we can see a similar pattern like in the case of Bitcoin as the market is strongly correlated and is similar to the chart of other major cryptocurrencies. The price came up to the prior high level of the Intermediate W wave where the ending point of the Fibonacci retracement tool is and found resistance there which propelled the price in a downward trajectory.

The 5th Minor impulse wave has ended and with it the Intermediate Y wave which is why this downfall would be the next logical step in the price progression. Considering what has been said for the price of Bitcoin and the fact that the market is strongly correlated we can say that the price of Ethereum is sharing a similar outcome.

Now that the Intermediate Y wave ended we are most likely seeing the start of the first impulsive move to the downside which is the expected trend continuation of the correction ended, or we are seeing the prolongation of the mentioned correction but in either way, I would be expecting more downside for the price of Ethereum in the following period with sideways movement and finally a lower low or at least a retest of the previous one at $83.

Ripple Coin Forecast (XRP/USD)

From Friday’s low at $0.32207 the price of Ripple has increased by 8.53% as it came up to $0.34955 area on Sunday’s high from where it started decreasing and came down to $0.30407 at its lowest point today which was a decrease of 13%.

The cryptocurrency is currently being traded at around $0.30858 slightly higher than its lowest today but also slightly lower than its highest point today at $0.30941.

On the hourly chart, you can see that the price of Ripple came up to the 0.382 Fibonacci level from Friday’s low which was the ending point of the 4th wave out of the Minor 5 wave impulse wave, and came up to the vicinity of the 3rd wave ending point.

Since the price found strong resistance there and the impulsive move ended the sellers’ have started pushing the price down fast and a breakout to the downside occurred from the horizontal range between the Fibonacci levels which served as support.

The price is currently sitting around the levels of the 2nd wave’s support line but considering the momentum behind the downfall and the fact that the 2nd wave’s support line isn’t that significant we could expect to see a further decrease from here.

Bitcoin Cash Market Prediction (BCH/USD)

From Friday’s low at around $140 the price of Bitcoin Cash has increased by 12.5% as it came to $157 at its highest point on Sunday but following the correlated market moves it too started decreasing fast from there and came down by 19.58% to its lowest point today at $126.2.

Looking at the hourly chart we can see that the 5th wave ended as an interaction with the horizontal resistance level at around $155 from where the price started impulsively moving down. The price currently in an upward trajectory trying to make up for the loss made but since it fell below the $135 horizontal support level it is likely going to retest it from the downside for resistance now and will end as a rejection.

The price previously broke out from the descending channel in which it was correcting since 24th of December last year but as this descending structure was the Minor WXYXZ correction and the X wave of a higher degree this bullish upswing was the Y wave from the Intermediate count, and as it now most likely ended we are seeing the start of the trend continuation which is why after this small consolidation I would be expecting further downfall from the price of Bitcoin Cash.

Author: Nikola L

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Crypto Price Analysis (ETH, XRP): Feb 23, 2019

Ethereum and XRP have been fighting for the second spot based on market cap ever since XRP first surpassed it back in September of last year. At the time of writing Ethereum is in second place at $16.2 billion market cap vs XRP that is only $3 billion behind at $13.3b in market cap.

As always, this is a good time to mention that depending on who you ask, CoinMarketCap doesn’t necessarily display the correct XRP market cap because they do not account for those coins held in escrow by the Ripple team. Nevertheless, both cryptocurrencies bring value in different ways which is the reason they are in the top 3.

When looking at the trading volume of both ETH and XRP we notice that there is much more activity with the former crypto. Ethereum boasts trading volume of over $3.8 billion in the past 24 hours, while XRP comes in at $487 million, almost one tenth that of ETH. Furthermore, it looks like ETH is traded at 400 exchanges while XRP is only traded at 328.

While the difference in the amount of cryptocurrency exchanges doesn’t seem significant, what does seem interesting is how there are over 90 exchanges for which ETH has a trading volume of over $10 million, compared to XRP which only includes 17 exchanges.

Another surprising statistic is that the top pair for ETH’s volume is ETH/USDT on LAToken, which based on overall trading volume ranks at #17. XRP’s volume makes more sense as its top trading pair is XRB/BTC on the ZB.com exchange which ranks at #3 based on volume.

Ethereum Price News

Ethereum's Constantinople and St. Petersburg network upgrades are less than a week away! Click this post for more info and what you need to do to prepare #Constantinople #StPetersburg #Ethereum https://t.co/ZMuHjgiGWj

— Ethereum (@ethereum) February 23, 2019

When it comes to recent ETH news, one major event that is coming up is the long awaited Constantinople fork. The upgrade is planned for block 7,280,000, which is estimated to happen sometime on Feb. 25th. As a result of the upcoming fork, long positions for ETH have increased in anticipation for the network upgrade. That definitely explains the 4% rise for ETH today as most other cryptocurrencies, including XRP are remaining dormant.

XRP Price News

XRP is making headlines of its own with a recently released interview with Prajit Nanu, the Co-Founder and CEO of InstaRem – a cross border payment provider.

Check out our extended interview with @prajitn of Co-Founder and CEO of @InstaReMit. He reveals that RippleNet’s speed is a critical differentiator in the cross-border payments market. pic.twitter.com/Kxyr7Ayi2B

— Ripple (@Ripple) February 22, 2019

When asked about current problems with cross border payments, Prajit said: “There are two key issues associated with them. It’s cost and speed. [] A lot of people are trying to solve the cost problem, [] but the speed problem is the key one which needs to be solved”

Nanu goes further to clarify that RippleNet is “one of the fastest growing partnerships we have.” He goes on to clarify that they are adding customers across multiple markets such as a bank in Malaysia, a bank in Thailand.

RippleNet is Ripple’s blockchain system which aims to help companies with cross border payments. It has proven to be extremely successful with the amount of partnerships it received. RippleNet is one of the biggest reason for Ripple’s and XRP’s success and what brought it to the top 3 market cap position.

Final Thoughts on Ripple and Ethereum Battling for #2 Spot

While both Ethereum and Ripple are fighting for the top 2nd spot, both cryptocurrencies are tackling different markets. As such, the competition between them is healthy and beneficial to the crypto industry overall.

Author: Mark A

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Crypto Price Analysis (BTC, ETH, XRP): Feb 22, 2019

Bitcoin BTC/USD Market

From yesterday’s high at $4065 the price of Bitcoin has fallen at first by 1.74% to $3982 at its lowest point yesterday from where the price started increasing again and is currently sitting at $4039.8.

Looking at the 15-min chart we can see that the price action has started creating an ascending channel which can be interpreted as consolidative range similar to what we have seen after the first significant increase was made on 8th of February.

According to my count, this is the 4th wave after the second increase has been made this week so another increase would be expected from here when this consolidation ends. In theory, the 4th wave could go down to retest the 1st wave’s ending point which would bring the price of Bitcoin down to $3783 before another increase to the upside is made, but considering the momentum behind the bullish move, I don’t believe that this 4th wave would be that deep.

Most likely we are to see further sideways movement inside the ascending channel before the price starts increasing again similar to what we have seen on Ethereum’s chart after the first impulsive move as the price action also created an ascending channel afterward.

For these reasons, the most optimal target for the 4th wave would be a retest of support on the bold black line which was the most significant resistance to the upside before another increase starts developing whos target I see fit at the horizontal support zone which now serves as resistance out of which its lower level is at around $4300 area.

Alternatively, we could have seen the end of the recovery wave Y of the Intermediate count if the previous Minor correction ended with a three-wave Z wave which you can see on the hourly chart below

In either way, after the Y wave ends I would be expecting more downside for the price of Bitcoin as this movement was correctional according to my count but would be reevaluated after the price starts pulling back.

Ethereum ETH/USD Market

From yesterday’s high at $152.5 the price of Ethereum has fallen at first by 4.21% measured to its lowest point today at $146.06 but has managed to recover since as its currently being traded at $150.56.

On the 15-min chart, you can see that the price action created a symmetrical triangle from which the price broke out today but was again stopped out at the 0.786 Fibonacci level like it was on at the end of the 3rd wave of the impulsive move that started on 8th of February.

You can see that after the 1st wave ended an ascending channel was formed much like what we are currently seeing developing in the case of Bitcoin which could indicate further price increase for this cryptocurrency as the chart patterns indicate similar behavioral patterns.

Now that that the price of Ethereum has encountered the same resistance point and started getting rejected there (indicated by the price wicks from the upside on the current candles) we are most likely going to see the price fall down to the still unconfirmed descending channel.

The 4th wave could push the price significantly lower but I don’t believe that it will considering the momentum shown in the past period. Most likely we are to see a small pullback before another increase as the 5th wave should start shortly.

The most optimal price target for the expected increase would be at around $158 are but we could see the interaction with the 1 Fibonacci level, depending on the momentum, which is the ending point of the first impulsive increase that lasted until 2th of December last year.

Since the Intermediate X wave ended 24% than the start of the W wave (the mentioned first impulsive move) we could see the Y wave easily exceeding the W wave’s ending point which is at $156.

If the price of Ethereum exceeds the W wave’s ending point the target could very well be at around $194 are where the 1.272 Fibonacci level is an would be 24% higher than the W wave’s ending point.

Ripple XRP/USD Market

From yesterday’s high at $0.33971 the price of Ripple has fallen at first to by 5.76% to its lowest point today at $0.32014 but the price started increasing again and is currently sitting at $0.32740.

On the hourly chart, you can see that the 4th wave has interacted with the 1st wave’s ending point which could be expected in the case of Bitcoin and Ethereum as the price of Ripple broke out from the descending triangle on the downside.

The price has fallen below the 0.236 Fibonacci level but found strong support below (indicated by the big green candle) and has managed to come above it in an ascending manner.

As the 3rd wave ended this 4th wave retracement was expected but it might not have ended as I think that this minor ascending structure is its continuation and that one more minor low would develop potentially ending on the same level as before retesting it for support before the final 5th wave starts.

The target for the 5th wave would be at the 0.5 Fibonacci level on in price terms around $0.3695 but it could also end around the vicinity of the 3rd wave’s ending point at around $0.35 area.

After this increase has ended, more downside would be expected for the price of Ripple like as like in the case of other cryptos, according to my count, this upside movement was only correctional

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, LTC, EOS): Feb 21, 2019

Bitcoin BTC/USD

From yesterday’s low at $4054 the price of Bitcoin has fallen by 1.52% as its currently being traded at $3994. The price has spiked up today to $4138 but the rise ended quickly as it came up leaving a wick on the hourly chart.

On the hourly chart, you can see that the price of Bitcoin managed to go past the bold black line which was the most significant resistance line to the upside and interaction with the 0.786 Fibonacci level was made today but only as a quick spike.

This was expected as the price was still in an upward trajectory inside an expanding ending diagonal which indicates top but also an attempt from buyers to keep up the momentum going. Since the interaction with the upper resistance line of the current range, the price has started falling again as the selling was triggered and the price is currently sitting on the $3994.4 horizontal support level where it is looking for support.

The support where isn’t going to hold for much longer as the level isn’t that significant and as the impulsive move to the upside ended a retracement is now expected for the price of Bitcoin, which would most likely end as an interaction with the bold black line.

The wave structure implies that another increase should be expected as the 5th wave is to develop, but considering that the Minor correction’s ending point is still unclear we could have seen the end of the 5th wave.

Depending on the depth of the correction we are going to see if the price has ended its upward trajectory or are we going to see one more increase in a form of the correctional wave’s prolongation.

Ethereum ETH/USD

From yesterday's high at $151.93 the price of Ethereum has been decreasing and is currently 3.61% lower as its being traded at $146.89 at the moment.

On the hourly chart, you can see that the price of Ethreum has started its retracement in a form of a descending channel which is still unconfirmed as another interaction with its support line is expected before a confirmation.

The price has started moving sideways slightly to the downside which is an early sign of consolidation that is set to push the price higher after it ends. The depth of the correction is still unknown but first, the most optimistic target would be at the $141 area where a minor cluster was formed when the price was in the upward trajectory.

The second and the most optimal price target would be at the 0.618 Fibonacci level where some support could be found, but if not the most pessimistic target price before my count get invalidated would be at the 0.5 Fibo level.

After the 4th wave ends one more increase would be expected as the 5th wave should start developing to the upside which would mark the end of the Intermediate WXY correction and the trend continuation should start as the price would continue moving to the downside with new lows ahead.

If the correction gets prolonged by two more waves we might see further increase before this expected trend continuation but on that in due time.

Litecoin LTC/USD

From yesterday’s high at $53.685 the price of Litecoin has fallen by 8.93% today measured to its lowest level today at $48.891. The price is currently sitting a bit higher as it is searching for support on the lower level off of the resistance zone but hasn’t managed to pull back up which is why it is likely heading down now.

Looking at the hourly chart you can see that the price of Litecoin has met my target as the 5th wave fully developed it came up to the horizontal support zone's median line now serving as strong resistance. The horizontal range has been entered but since the interaction with the median line yesterday, the price has quickly started falling and came down by 6.76% in a matter of hours, indicating that the price has indeed entered the sellers' territory.

Considering the fact that I have counted the end of the impulsive move and the fact that the price has come inside the resistance range we are likely to see a retracement now. For now, the entire structure has been labeled as a Minor WXY correction and if it ended on the Y wave we are now going to see a continuation which is why new lows could be expected for the price of Litecoin, as this was only a minor recovery.

The recovery might not have ended as we could see a prolongation with two more waves, but in either way when it ends, I would be expecting new lows. Currently, the price has found support on the horizontal range lower level so if the support isn't there we could see a breakout to the downside today.

EOS/USD

From yesterday’s high at $4.06 the price of EOS has fallen by 6.4% to its lowest point today at $3.7464 when the price fell quickly and steeply.

Looking at the hourly chart you can see that the wave structure looks similar to that of Litecoin as the 5th wave to the upside was most likely ended and with it the Intermediate Y wave out of the WXY correction. Now a retracement should be expected as the price increased by 151.8% in total from the start of the correction when the price of EOS was $1.57 at its lowest point.

The downside move that is now expected could be either a prolongation of the mentioned correction in which case we are going to see another increase before it ends as the Z wave should develop to the upside or the correction ended which is why now we are going to see a continuation.

The 0.382 Fibonacci level would be the first significant support line so if it holds we could be seeing the second X wave, but if the price manages to go below it the most likely scenario is that the correction ended and that further lows would develop.

Current Crypto Market

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 20, 2019

Bitcoin BTC/USD

From yesterday’s open at $3971 the price of Bitcoin has been increasing slightly in a sideways manner and came to $4083 at its highest point today but has come down since and is currently sitting at $4024 which is an overall increase of 1.35%.

Looking at the hourly chart you can see that the price of Bitcoin broke the baseline support line which served as resistance and is in conjunction with the upper descending trendline forming a falling wedge on a higher degree time-frames inside whos territory the price has now entered.

The price is above the horizontal level at $3994.4 and the 0.618 Fibonacci level but the interaction with the 0.786 Fibonacci level still hasn’t been made which is why I would be expecting from here another minor increase to $4129 before a minor retracement as the 4th Minor impulse wave should start developing.

In theory, we can the price back for interaction with the bold black line as a retest of support before further upside movement which would be around the vicinity of the 1st wave’s ending point. This could only occur if the price is set for another week of stagnation as we saw after the first impulsive move.

The price has increased by more than 18% in the last 12 days so another prolonged consolidation for the 4th wave before another impulsive increase would be very likely, although considering the momentum that was shown there still isn’t any reasons to believe that a retracement would be that deep.

After the mentioned retracement one more wave to the upside is expected as the last 5th impulse wave should develop and it could end on the 0.786 Fibonacci level if the price doesn’t interact with it on the current increase.

If the price doesn’t get stopped there the next potential target would be at around $4300 area where the falling wedge resistance line is intersecting the horizontal resistance zone’s lower level.

Ethereum ETH/USD

From yesterday’s open at $152.93 the price of Ethereum has fallen at first to $144.66 but has managed to pull back up to $151.4 and since then it has fallen again and is currently sitting at $148.94.

On the hourly chart, you can see my projection in which I am would be now expecting a retracement after one more upside move which would be the 5th impulsive wave out of the Intermediate Y wave.

Now that the price has reached the 0.786 Fibonacci level and found resistance there it started pulling back and has already created a lower high and a lower low. I have outlined to now still unconfirmed descending channel in which I believe the majority of the correction will take place but this will be re-evaluated after some further price action development.

In theory, we could see that the price go all the way down to the 0.5 Fibonacci level on the 4th wave to the vicinity of the 1st wave ending point but considering the momentum shown I don’t believe that it would be past the 0.618 Fibonacci level before the end of the 4th wave which would in price term be at $137 which be the most optimal target.

The most optimistic target for the ending point of the 4th wave would be at around $141.2 area where the minor cluster was being formed.

Ripple's XRP/USD

From yesterday’s high at $0.34966 the price of Ripple has fallen by 6.21% measured to the lowest point today which was at $0.32794. Since then, the price has recovered slightly as it came to $0.34212 at its highest point today but fell again and is currently sitting at $0.33361.

On the hourly chart, you can see that the price action has started forming some kind of a triangle either a symmetrical one or a descending one which we will soon see but my yesterday’s projection is proving to be true as we are most likely seeing the development of the 4th wave out of the 5-wave impulse.

The price is currently sitting on the unconfirmed trendline so we are going to see if it serves as a support or not, but eventually, I think it would be broken as the corrective moves look steep and aggressive.

The 4th wave’s ending point would optimally be at around the 0.236 Fibonacci level or in price terms at $0.325 where the price made a spike already on today’s open. After it ends another increase to the upside is expected as the 5th impulse wave is set to push the price higher than the previous 3rd wave’s ending point but the target for its ending point would depend on the depth of the 4th wave’s retracement.

Bitcoin Cash BCH/USD

From yesterday’s open when the price of Bitcoin Cash was $147.7, we have seen a decrease at first of 6.08% as the price fell to $138.7 on today’s open. From today’s open the price has started increasing again and came up to $146.4 at its highest point today where it encountered resistance making a lower high compared to the yesterday’s and the price has fallen again to the levels on which it is currently being traded at $143.4.

Looking at the hourly chart you can see that the impulsive move has ended its 3rd wave and the price action is starting to form a descending structure which most likely is the 4th wave correction.

The price is currently in a downward trajectory so we might see an interaction with the still unconfirmed lower support line for a confirmation, but a further sideways movement is highly likely now that the price has ended its most powerful impulse wave.

Like I said in the cases of other cryptos the 4th wave could, in theory, push the price all the way down to the vicinity of the 1st wave’s ending point, but considering the bullish momentum that was exuberated over the last week and a half I don’t believe that we are going to see it go by that far.

The most optimal target would be at around $135.3 where the horizontal support level of the now entered price range is.

After this retracement ends more upside is expected as the last 5th wave should develop whos target I see fit at around $165-6 area, but highly depends on how the current retracement ends.

Cryptocurrency Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, EOS): Feb 19, 2019

Bitcoin BTC/USD

From yesterday's open at $3708 the price of Bitcoin has increased by 7.68% as its currently being traded at around $4010 where the price has encountered resistance around the $3994.4 horizontal resistance level.

Looking at the hourly chart you can see that the price broke out from the descending channel in which it was retracing since the first increase to the upside was made on Friday 8th. The retracement was more of consolidation since we have seen it throughout the last 10 days.

Strong momentum was shown as the price broke out many of the significant resistance points to the upside from which the most significant one is the bold black line which is the baseline support since the start of the bear market and was serving as resistance when it got broken on 21th of November last year.

The price is currently inside a horizontal range between the 0.618 Fibonacci level which serves as a support and the horizontal resistance at around $4000 which is why we are seeing a cluster starting to form as the price is consolidating again after an exponential increase. If the price wants to continue the upward trajectory it needs to retest some of the broken resistance levels for support and since the bold black line was the most significant resistance point we could likely see a pullback to its level potentially in a form of a descending triangle or a channel like we saw after the first impulsive increase.

Since my primary count got validated in which the Minor WXYXZ correction which was the Intermediate X wave, this increase from the Friday 8th is considered the Intermediate Y wave. If this is true then a five-wave structure is to develop out of which we are currently seeing the 3rd wave. This current increase which is considered the 3rd wave may not have ended so we are soon going to see a confirmation in a form of a direction of a breakout from the current range.

Ethereum ETH/USD

From yesterday’s open when the price of Ethereum was $136 at the open measured to its highest point today at $153.12, we have seen an increase of 12.56%.

Looking at the hourly chart you can see that the price of Ethereum has broken out from the ascending channel on the upside and managed to continue going beyond the 0.382 and the 0.5 Fibonacci retracement levels which both served as resistance points. This indicates strong momentum behind the upward movement as the price hasn’t even acknowledged the levels and just continued moving past then.

As the price encountered resistance at the 0.786 Fibonacci level we are likely going to see a retracement back to the previous one for support which correlates with the EW count as now the 4th wave should start. There is a possibility that the 3rd wave hasn’t ended and that a one higher could happen but even if that is to occur I don’t believe that the increase would be anything more than a quick spike above the 0.786 Fibonacci level.

This is only logical considering that the Intermediate Y wave that was started after the Minor WXYXZ correction ended is the continuation of the impulsive move that lasted until 24th of December last year. After this minor correction, more upside is expected as the 5th wave should start developing to the upside.

Ripple's XRP/USD

From last yesterday’s open when the price of Ripple's XRP was $0.30786 to today's spike at $0.3548, we have seen an increase of 15.29%. From today's spike, the price has fallen quickly leaving a wick from the upside on the hourly chart and is currently the upward trajectory at $0.34763.

Looking at the hourly chart you can see that my Elliott Wave count implies that this was the end of the 3rd wave which is why now we are likely going to see some correctional movement much like what is expected in the case of Bitcoin.

Some significant resistance points have been broken, out of which the most significant one is the horizontal resistance at the 0.236 Fibonacci level and is why the ending point of the 1st wave which could be interacted with on the 4th that is expected to develop. Considering the momentum behind the increase I don’t believe that it will be likely that the depth of the 4th wave would be that far but there is a a posibility.

Most likely we are going to see a retracement to around the mid-range between the Fibonacci levels which would be around $0.3352 but in either way, another increase to the upside is expected from there as the last 5th impulsive move to the upside should start developing.

The price target for the expected completion of the impulsive move is still unknown but it could also be the ending point of the 3rd wave at the 0.786 Fibonacci level as the 5th wave could end on its vicinity. However, considering the momentum shown I believe that we are to see a higher high before the increase ends.

EOS/USD

From yesterday's open at $2.09 the price of EOS has increased by 32.5% measured to its highest point today at $3.847.

On the hourly chart, we can see that the price of EOS has done what is expected in the case of Bitcoin and that is a full development of the Intermediate Y wave as I have counted the 5 waves to the upside. The price broke the major resistance point which is the horizontal resistance at around $3.278 and continued to the 0.5 Fibonacci level spiking even beyond it but since the price entered the sellers' territory an immediate pullback occurred.

As the 5-wave move has most likely ended for we are now going to see a retest of the broken resistance for support at least to the 0.382 Fibonacci level but if the Intermediate WXY correction ended and will not have any prolongations we might see a continuation of the previous downward move and new lows for the price of EOS.

Current Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 18, 2019

Bitcoin BTC/USD

From Friday when the price of Bitcoin was $3651 at its lowest point we have seen an increase of 6.89% measured to the current level of around $3900.

The price of Bitcoin broke out yesterday from the descending channel in which it was correcting since the first increase was made on Fridays 8th so we have seen a week of sideways movement which ended on Sunday.

As the price is currently interacting with the bold black line which is the most significant resistance point to the upside we are going to see if the momentum behind the increase is stronger then the now encountered resistance.

The momentum is in fact, strong but since the bold black line was pierced an interaction with the 0.618 could be expected at least before we see some correctional movements. The current increase is the continuation of the impulsive move that started on Friday 8th and is likely going to ends as a 5-wave impulse, out of which the current increase would be the third wave.

Considering the vicinity of the bold black line and the 0.618 Fibonacci level we could very likely see the 4th wave start to develop now around those resistance lines as its start could get triggered by that resistance.

Bullish momentum looks strong but this is considered still to be only a correction after a downfall from $6500 so I wouldn’t expect it to go for much longer.

We could see the price increase up to $4230 area but certainly not in a straight line so we will closely monitor and see what happens at these levels.

Ethereum ETH/USD

From Friday’s low at $122.47 the price of Ethereum has increased by just over 20% as its currently being traded at $147.77.

On the 15-min chart, you can see that a breakout to the upside occurred like expected which is why my primary count got validated as the ascending channel was a minor consolidation before the further increase.

What we are seeing is now definitely a continuation of the increase made until 24th of December which is why we are seeing an impulsive increase from the start of the day in the cryptocurrency market.

The price is currently interacting with the descending trendline which isn’t that significant like in the case of Bitcoin but still serves as resistance point which is why we are seeing the price having a tough time going beyond it and is most likely heading for a retracement now.

Considering that this was the third move and that we are most likely seeing the Intermediate Y wave which would develop as the 5-wave impulse the expected retracement potentially now triggered by the interaction with the descending trendline resistance point, would be the 4th wave. This means that another increase would be expected but that could only mean that the price of Ethereum is headed significantly higher.

From the depth of that retracement we are going to see if our expectations hold some truth but if that happens I wouldn’t be surprised if the price goes up to only to the 0.786 Fibonacci level which is slightly higher than the previous high.

Ripple's XRP/USD

Unlike in the case of previously discussed cryptos, the price of Ripple wasn’t at its lowest on Friday. Instead, the price of Ripple came down to its lowest yesterday, when it spiked down to $0.3018.

This spike might have served as a trigger of buy orders as the price immediately started increasing following the market in general and came up to $0.325 today which is an increase of 7.6%.

Looking at the 15-min chart you can see that today’s high was the interaction with the $0.236 Fibonacci level which serves as resistance. The price has broken out from its descending range as well and is currently in the upward trajectory but as like in the case of other cryptos we are likely going to see a minor pullback as the first significant resistance was encountered.

The price is on at the vicinity of the ending point of the first impulse wave to the upside which also serves as resistance so if the price is to continued moving upward strong momentum is needed, and considering that the price of Ripple has started another impulsive move the momentum is definitely there its just a question of are the sellers going to be stronger at the moment.

This increase was expected and is a continuation of the first Intermediate W wave that lasted until 24th of December so after it ends I would be expecting more downside or at least more sideways movement but in the meantime we are going to look out for the potential ending point of the increase.

If this is the mentioned continuation we could expect to see the price of Ripple to $0.418 even.

Bitcoin Cash BCH/USD

From yesterday’s low at $119.2 the price of Bitcoin Cash has increased by 11.68% and is currently sitting at around $133.3 area.

Looking at the 15-min chart you can see that a breakout occurred from the descending triangle and the price has come to my projected target area for the 5th Minute wave which was on the horizontal resistance line above at around $135.

Since a breakout occurred from the descending channel as well as the descending triangle we can say that the buyers have shown strength, but we could see that momentum extinguished for now as the price encountered another significant resistance point like in the case of other cryptos.

Now we are likely going to see a retracement which would be the second wave from a higher degree impulse and would serve as a retest of the broken descending structures before the prices are to continue moving higher to the upside.

How further the increase would last it is still unclear but either it has ended on today’s interaction with the significant resistance point which would be very unlikely considering the momentum shown, or we are to see more continuation in which case the upside potential would be to around 10% move from the current levels.

Current Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 15, 2019

Bitcoin BTC/USD Price

The price of Bitcoin is currently on the same level as on yesterday’s open as the price is currently sitting at $3680.

Looking at the hourly chart we can see that the price of Bitcoin has interacted again with the resistance line from the current descending channel in which it is correcting since the increase we have seen on last Friday.

The price is as I mentioned on the same level as on yesterday's open and is above the 0.382 Fibonacci level which could mean that the buyers are attempting another breakout and that we could, in fact, see it today.

Wave structure implies that a move to the downside should be expected from here before we wee a breakout and if that is true than the most probable target for that decrease would be to around $3600 area or even lower to around the next horizontal resistance which is now most likely serving as support at $3553.

The more this stagnation is lasting the more I believe that it was only correctional. If this is true then we could have seen the prolongation of the Minor WXYXZ correction with the last Friday’s increase being the second wave X and after this consolidation ends an impulsive move to the downside would develop as it would be the start of the wave Z.

If this was a retracement before further increase we would have seen a quicker move to the upside but as this stagnation is lasting for quite some time it could very likely be consolidation and not a retracement.

From the depth of the expected down move, we are going to see which scenario turns out to be more likely as if the price doesn’t go below the $3553 are most likely seeing a breakout to the upside, but if it continues moving lower than the possibility of the price heading for another low would increase.

Ethereum ETH/USD Price

From yesterday’s open at $123.4 the price of Ethereum has increased by 1.09% as it is currently being traded at $124.77.

Looking at the 15-min chart you can see that the price action ended the previously expected ABC correction as an ABCDE and formed a descending triangle, but unlike what is commonly expected in the case of the descending triangle a breakout from it happened to the upside.

This is probably since the descending triangle is a lower degree pattern than the ascending channel in which all of this sideways movement is occurring after an increase we have seen last Friday.

As the price is in the upward trajectory and with the third correction ended we might see a breakout to the upside but I don’t believe that this current increase that led to a breakout is the start of the trend continues to the upside. More strong momentum is to be shown in order to take that into account so I believe that most likely we are to see another interaction with the ascending channel’s resistance line before finally, the price would collapse back at first to the channels support and then breaking it to the downside.

This is more likely because if the price is to continue moving to the upside impulsively as it did on last Friday we would see a move develop much quicker, and considering that the price is struggling to move either to the downside or to the upside the momentum will most likely get extinguished and the those who bought are going to turn into sellers which would increase the sellers’ momentum needed for a breakout to the downside.

If this occurs I would still be looking at it as a retracement before a trend continued until it would fell below $117 area where the most significant horizontal support is at the 0.382 Fibonacci level is.

Ripple XRP/USD Price

The price of Ripple is like in the case of other cryptos very close to the level of yesterday's open as not much has changed today for the evaluation of the cryptocurrency market. The price is currently being traded at $0.3095 which is only 0.36% higher than on yesterday’s open.

Looking at the 15-min chart you can see that I have slightly readjusted the projection from yesterday but it stayed the same in the context term. The price has broken out from the descending channel but this price action movement reminds me of the time when the price of Bitcoin was getting close to the apex of the descending triangle around $6500 level and everybody was expecting a strong breakout, but a breakout hasn’t occurred, but instead the price just moved out in a sideways manner.

This, in the end, resulted in a collapse of price and strong momentum to the downside was shown, which is what I believe would happen now but on a smaller scale as the price target for the expected decrease would be at the prior horizontal resistance now serving as support at around $0.3 area.

After the move to the downside ends and it retests the prior resistance for the support we are going to see what happens but my primary count is still implying that we are to see further increase at least to the $0.325.

Bitcoin Cash BCH/USD Price

Like in the case of other cryptos the price of Bitcoin Cash hasn’t changed much but the new hourly candles that were formed in the meantime indeed have.

Looking at the hourly chart you can see that I have outlined the similarities between Minute wave 2 and wave 4 which are both corrective in nature. I have been expecting a breakout to the upside but not before a retest of the wave 1 ending point or its vicinity but the higher degree Minor 1 wave ending point was interacted with which is why we might see an immediate breakout to the upside.

What was said in the case of other cryptos applies here as well – this stagnation could end in both ways but primarily I am expecting a trend continuation so more movement to the upside. This might not happen in a straight line as a pullback would occur as to establish support needed for the expected breakout and further trend continuation.

The current horizontal support level with whom the price has been interacting in the last few days may offer to provide the needed support so a breakout is also possible, but if the price goes below the horizontal level further price decrease would most likely happen and further lookout for support before the increase is to be made.

Current Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 14, 2019

Bitcoin BTC/USD Analysis

From yesterday’s open at $3687 the price of Bitcoin has increased at first to $3719.3 and fell from there to below the level of yesterdays open to $3652 at its lowest point today. The price is currently at $3658 which is an overall decrease of only 0.79% from yesterday’s open.

Looking at the 15-min chart we can see that the price is still in a retracement zone which is turning out to be a descending channel. I have counted three ABC corrections out of which the current one is to the downside which constitutes a WXY of a higher degree.

As the price has been in an upward trajectory the descending channel is viewed as a retracement so after it ends more upside would be expected but before it ends we are most likely going to see some further sideways movement and a slight depreciation in price as the support needs to be established before the attempt to break the current resistance can be made.

If the price comes down again to the descending channels support that would be around $3615, but if it goes below the descending channels support we might see a decrease back to the 0.236 Fibonacci level at around $3500 area.

The price could crumble altogether if this increase was the continuation of the previous Minor WXYXZ correction although this is a lesser possibility. If that happens we are going to see a lower low compared to the now labeled Z wave which would, in that case, be the start of the Z wave, but for now, my primary count remains.

Ethereum ETH/USD Analysis

From yesterday’s open when the price of Ethereum was $125, we have seen a decrease of 1.41% as the price is currently sitting at $123.19. The price increased at first from the open and came up to the vicinity of the prior high at the 0.5 Fibonacci level where it retested the resistance and since it ended as another rejection that set the price in a more corrective movement to the downside.

Looking at the 15-min chart you can see that the price has been experiencing sideways correction since the end of the impulsive move to the upside and similarly to the Bitcoin’s wave structure we have seen three consecutive ABC corrections with the price currently in the development of the third.

These three ABC corrections are probably the WXY of a higher degree count so another low would be expected from here as the last C wave should fully develop. The price target would be at the ending point of the Minuette W wave because the X wave has ended around its beginning so the correction would be a regular flat and is expected to end at $121-120 area.

If the price continues moving lower the next target would be the 0.328 Fibonacci level, but if it goes lower than that I would consider invalidating my count as according to the current one this is a retracement before further uptrend continuation.

Ripple's XRP/USD Analysis

The price of Ripple has decreased by 3.88% from the highest point yesterday at $0.319 measured to the level on which the cryptocurrency is currently being traded which is at $0.3072.

On the 15-min chart, we can see that the price is still outside the territory of the falling wedge in which the price of Ripple as correcting since 24th of December like the other cryptos and is probably looking for support there around the levels of the prior resistance.

The price action has formed two ABC corrections and is likely forming now the third one which would retest the intersection of the falling wedge and the horizontal support level at $0.30177 before finally continuing its upward trajectory.

If the price goes lower than the mentioned level it might go back to the resistance line of the prior horizontal range from where the increase was made which would be at around $0.29757 but as strong momentum has been shown previously and the price is still outside the territory of the falling wedge I think that its more likely that a breakout occurred and that we are seeing the development of the Intermediate Y wave to the upside.

The price is now going to show us if the scenario gets validated or as we are going to see that from the current retracement – if the price finds support and continues moving to the upside again that would very likely mean that we are going to see further upside, but if the price enter the territory of the falling wedge again we are likely to see a lower low.

Bitcoin Cash BCH/USD Analysis

From yesterday’s high at $124.3 the price of Bitcoin Cash has been decreasing and is currently sitting at $120.3 which is a decrease of 3.31%.

Looking at the hourly chart we can see that things haven’t changed much as the price is still inside the territory of the descending channel in which it is correcting since the 24th of December. According to my count, the Minor correction inside the mentioned structure has ended which is why the increase that started on last Friday is considered as the start of the impulsive move to the upside.

If this is true then the price of Bitcoin Cash can go below $118-117 area as it is the territory of the 2nd wave, so the level is serving as an indicator of validity. The price is currently in a retracement which is putting pressure on the descending channels resistance line so if my count is correct we are soon to see a breakout to the upside.

Like in the case of other cryptos this increase that we have seen started on Friday could be the prolongation of the Minor WXYXZ correction and if that is true than another low would develop as the Z wave hasn’t ended.

The expected increase’s target would be at $155 but that would only be the first target as if this is the start of the impulsive Intermediate wave Y we could see the price much higher.

Current Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 13, 2019

Bitcoin BTC/USD

From yesterday’s open when the price of Bitcoin was $3688 at the open the price hasn’t changed much as its only 0.26% lower and is sitting at $3679.

Looking at the hourly chart, we can see that the price has fallen today for interaction with the minor descending channel support line but it was only a quick spike as the price immediately came up above the 0.382 Fibonacci level.

As the price is still inside the descending range we are still seeing a struggle between buyers and the sellers so a breakout is soon to be expected but the direction of a breakout is still unclear.

Considering the context – the price has increased previously with strong momentum and is currently hovering below the descending channel’s resistance (purple line) which mean that the buyers are still putting pressure, a breakout to the upside looks more likely.

Looking at the wave structure inside the current descending range I see two consecutive corrections – one to the downside and one to the upside which was ended, so if another correction develops of the same degree it would be the third correction to the downside after which a breakout to the upside should occur, but there isn’t any more sideways movement inside the mentioned range we are immediately to see the start of move to the downside as the correction to the upside ended.

Ethereum ETH/USD

From yesterday’s open at around $123 the price of Ethereum has fallen at first to $121 area but has started increasing afterward and came up to $127.45 at its highest point today and spiked a bit further up but the hourly candle closed on those levels which are in the vicinity of the prior high at the 0.5 Fibonacci retracement level which serves as strong resistance.

On the hourly chart, we can see that the impulsive move to the upside has ended as I have counted 5 waves so what we are currently seeing is most likely a correction which would end as a regular flat correction as the X wave came up to the exact same levels as the last impulsive move so the Y wave would be ending on the vicinity first W wave ending point which is in price terms at around $120.8.

The X wave to the upside has 5 waves and looks impulsive which is a similar pattern that we have seen from the start of the Minor WXYXZ correction that started on 24th of December so if we are to see a similar structure developing there is going to be so further sideways movement in a correction to the downside like the Minor correction was.

Since the momentum behind the Friday’s increase was strong the price is still putting pressure on the 0.5 Fibonacci level but the resistance proves to be significantly stronger since it hasn’t made any progress moving beyond it and considering the momentum it shouldn’t have been a problem.

The price is showing first signs of weakness so a further pullback is now most likely either as a pullback before another runup or a downfall altogether.

Ripple XRP/USD

From yesterday’s low at $0.303 the price of Ripple's XRP has increased to $0.3181 at its highest point today which was an increase of 4.78% but since then it has pulled back and is currently sitting at $0.30755.

Looking at the zoomed out hourly chart you can see that today’s increase has led the price to breakout from the falling wedge in which it was correcting since the 24th of December and is currently interacting with the resistance line from the upside as it is testing it for support before it could continue the increase to the upside if the projection is valid.

As my target is around the 0.786 Fibonacci level but looking at the wave structure I have labeled the potential price pathway and have accounted the increase we have seen at the beginning of February as the start of that impulsive move. If the Minor correction ended and we are seeing the development of the Intermediate Y wave than the current movement is set to go past the prior high as the 3rd wave should develop.

If however, the price falls to continue its upward trajectory and goes back to the prior support and continues moving below it, then it would be likely that the Minor correction hasn’t ended and that the Y wave has yet to come.

Bitcoin Cash BCH/USD

From yesterday’s low at $118.3 the price of Bitcoin Cash has increased to $124.3 which was an increase of 5.07% but since, it has fallen again and is currently sitting at $120.8.

On the hourly chart, you can see a similar situation like in the case of Ripple in the sense that the price is in its 3rd impulsive wave stage so if this is true then the price is likely heading for a breakout off of the descending channel on the upside very soon.

If not, we are seeing another retest of the descending channel’s resistance line before further downside as the correction inside it hasn’t ended. To validate each scenario the second Minute wave 4 which is the 3rd wave impulse will serve as an indication.

As the 4th wave cannot go inside the territory of the second wave according to the Elliott Wave Principle theory we are going to see if the horizontal support at $117.7 hold. If not and the price manages to go below it than the primary scenario will get invalidated.

To conclude all that has been said, my primary count remains and it is the one in which we are seeing the start of the Y wave but depending on what is going to happen in the following days we are going to see if it gets validated or not.

Current Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 12, 2019

Bitcoin BTC/USD

Bitcoin has been mostly hovering around the same levels from yesterday with a slight downward trajectory and is now 1.65% lower than on yesterday’s open at $3734 as its currently being traded at $3684

Looking at the hourly chart you can see that the price has encountered some significant resistance at the descending trendline (purple) which is the upper resistance line from the descending channel in which the price of Bitcoin was correcting from 24th of December.

The price is still above the 0.328 Fibonacci level which is a good sign but today we have seen it go slightly below it, as the interaction has been made with the support line of the descending triangle in which this minor retracement occurred, and since the price found support there it bounced to the upside again which indicates that buyers are very much present.

Considering that the price grew exponentially on Friday and increased by more than 10% in a matter of hours we can say that the momentum behind the increase was strong but as the current resistance level are also we are yet to see if the uptrend continuation occurs or are we are going to see further retracement before a trend continuation.

If we are to see further retracement the most optimal target would be at the prior horizontal support level at $3555 with is the resistance of the prior range now serving as support and would be 3% lower than the current levels.

But if we are to see a trend continuation I would be expecting to see immediate momentum to the upside followed by a breakout from the descending channel in which the price is correcting.

These two expected scenarios are in line with my primary count in which the Minor WXYXZ correction ended and we are seeing the start of the next impulsive move to the upside.

If this, however, hasn’t happened the price of Bitcoin is headed for another lower low compared to the previous one at around $3430 which would be the last wave Z and the current increase would be the second wave X.

Ethereum ETH/USD

The price of Ethereum has been correcting inside a falling wedge from yesterday’s open at $127.3 and has lost 4.43% until now as the crypto is being traded at $121.7 at the moment.

On the hourly chart, you can see that the price broke out from the falling wedge today and has now come down to its support line and the horizontal resistance of the previous range for a retest of support.

If the support is present we could expect to see further increase above the 0.5 Fibonacci level but as the wave structure implies we are likely now going to see further retracement as the 5 waves impulsive move the upside ended.

The expected retracement would be the second wave of a higher degree impulse so I wouldn't expect it to go more than 70% from the last high which would bring the price target for the retracement to around $111 area where the horizontal purple line is.

Like in the case of Bitcoin this expectation is based on the count in which we are seeing the start of the second impulsive move after the Minor correction ended, so if the price continues moving lower than that would mean that the current upswing was a prolongation of the Minor correction and that another low should be expected before the start of another impulsive move.

Ripple XRP/USD

From yesterday’s open at $0.31578 the price of Ripple has decreased by 3.13% as its currently being traded at $0.30578. The price hasn’t fallen in a line as it is in the minor falling wedge in which it has been moving sideways but slightly to the downside.

As you can see from the hourly chart the minor falling wedge resistance is the same resistance line from the falling wedge of a higher degree and the price action is currently creating a cluster around those levels indicating strong resistance from one side and a buying pressure from the other.

Friday’s momentum has been strong but we just might be seeing it getting extinguished as the price increase has been stopped out around the resistance are from the 0.236 Fibo level as well as the falling wedge resistance line.

If this increase was the start of the impulsive move after the Z wave ended we are now going to see a breakout to the upside from the current minor wedge but if this was the end of the second wave X than the current minor falling wedge is the start of the Z wave and a range in which the sellers will gain control.

As the price found support on the minor falling wedge support line and the prior range horizontal resistance level now serving as support, if we are seeing the start of the second Intermediate impulsive move an immediate breakout to the upside should occur, but if now the price is headed for a lower low compared to the previous one at $0.294.

Bitcoin Cash BCH/USD

From yesterday’s open at $126 the price of Bitcoin Cash has declined by 5.25% measured to the current level at $119.5.

On the hourly chart, you can see that the price has encountered resistance at the descending channel resistance line and has been in a retracement from Friday’s increase. The price is currently in a downward trajectory so the further decrease is expected today and if my count is valid the price isn’t going past the outlined horizontal level at $117.6 which is the ending point of the first impulse wave.

If it does go below it, that would only mean that what we are seeing isn’t the start of the impulsive move but yet another Minute correction out of the Minor WXYXZ. But as my count implies we are most likely seeing the development of the third Minor impulsive wave that is set to break out from the current descending structure and is headed further up.

Current Crypto Market Overview:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 11, 2019

Bitcoin BTC/USD

From Friday's open when the price of Bitcoin was $3437 at the open, the price has increased by 10.6% measured to its highest spike at $3800 but since it has been consolidating and is currently sitting at $3687 which is an overall increase of 7.25%.

Looking at the 15-min chart we can see that the price of Bitcoin has gone above the 0.382 Fibonacci level and has interacted with the 0.5 Fibonacci level on Friday's spike where it got rejected fast and the price went below the $3783 horizontal resistance level. The price started consolidating after the increase and made a falling wedge from which actually a breakout was made yesterday near today's open on which the price was $3749 which was still lower than the 15 min candle close of the prior high.

Wave structure looks corrective so after this stagnation, I would be expecting a further increase as this would be the 4th wave out of the 5 wave impulse that started to the upside. The price target would be at least to the 0.5 Fibonacci level again but for a proper interaction but we might see it go even further up. Today we are most likely going to see a decrease at first since the third Minuette correction is to fully develop and it will most likely serve as a retest of support at around $3666 area.

There is another possibility in which the 5 wave impulse ended on the now labeled C wave of the second Minuette correction (orange), but this isn’t my primary count since the increase ended lower than the ending point of the 3rd wave. This scenario will be presented on Ethereum’s chart since it’s yesterday’s increase was slightly higher than the previous one.

Ethereum ETH/USD

On Friday, the price of Ethereum was $105 at its lowest point from where an increase has been made to $124.92 on the same day which was an increase of 18.86%. From there the price started correcting and moving sideways but yesterday another increase has been made from $118.19 at its lowest point to $128.11 at its highest spike which was an increase of 8.39% close to today’s open.

As you can see from the 15-min chart the price fell from there as it entered the sellers' territory above the 0.5 Fibonacci retracement level. Currently, the price is sitting at $124 and is in the upward trajectory but as indicated by the wick from the upside it has encountered sellers’ pressure and is likely heading for a retracement now.

My Elliott Wave count implies that the impulsive move the the upside has ended as I have counted all 5 waves. Yesterday’s increase ended higher than the one we have seen on Friday so you can see the similarities and the differences between its chart and the Bitcoin’s chart.

Ethereum’s chart implies that we are now going to see a retracement potentially back to around 0.382 Fibonacci level at $116 as now a correction will occur after an impulsive move.

As I am expecting to see the price of Ethereum higher than these current level the expected decrease would be a correctional move which would be the second wave of a higher degree impulse.

XRP/USD

From Friday’s open when the price of Ripple was $0.29405 at its lowest point the price has increased to $0.3259 at its highest point on the same day which was an increase of 10.83%.

From there the price has decreased as it encountered resistance at the falling wedge resistance line and is currently sitting at $0.30797.

Looking at the hourly chart you can see that the price is trying to break out from the falling wedge as it has been interacting with its resistance line from Friday when the increase to it was made.

The price is currently sitting on the 200 MA which may serve as a support for a breakout but the cluster that is currently being formed around it hasn’t provided many indications on the potential direction. RSI is on its midpoint around 45% which again indicates neutrality.

If the Z wave of the Minor WXYXZ correction ended on the interaction with the horizontal support level at $0.29405 then we are seeing the start of the impulsive move that is set to lead the price above the territory of the falling wedge, but the Z wave might not have ended.

In that case, the increase that we have seen on Friday is the continuation of the second X wave, so if the price falls below the minor horizontal support line at $0.30144 (interrupted black line) then the second scenario would be more likely.

The 0 Fibonacci level is the beginning point of the first wave W of the Intermediate count so it would make sense if the price goes further down below it on the last corrective wave.

That scenario would look like on the chart below and as you can see the Friday’s increase was ending point of the second wave X out of the Minor WXYXZ correction and it was a three wave correction to the upside.

If this is true then the last Z wave to the downside has started and is going to be an impulsive move to the downside potentialy for another interaction with the falling wedge which would be at around $0.23562 before we see the start of the Intermediate Y wave.

Bitcoin Cash BCH/USD

From Friday’s open at $113.5 the price of Bitcoin Cash has increased by 14.24% to $129 at its highest point. As the price increased to the descending channels resistance line and encountered resistance there it has started pulling back and is currently sitting at $120.5

The price is now on the 200 MA where it is interacting with it for a support testing purposes so if the price find support there, we are likely going to see another move to the upside beyond the descending channels resistance and the first target I see for it would be at the horizontal resistance at $135.

As you can see in the case of Bitcoin Cash the Z wave has ended which is why the increase we have seen after that has five waves followed by a correction and now we are seeing the next 3rd wave of a higher degree ending its development.

Zooming out to the 4-hour chart you can see that my higher degree Minor count which would be the five wave impulse if the Z wave ended so now I would be expecting a breakout from the descending channel on the 3rd Minor wave and then a pullback to the descending channels resistance for a retest of support on the 4th and then another increase to $155 are.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, LTC): Feb 8, 2019

Bitcoin BTC/USD

From yesterday’s low at around $3435 the price of Bitcoin has increased by 1.86% measured to the level on which it is currently being traded at $3498.

Looking at the hourly chart we can see that the price increased impulsively to the upside which could mean that we are seeing the start of the expected reversal. My Elliott Wave count has been readjusted to include the current upward move as the 4th wave, but the 5 wave impulse could have ended on the $3434 low level.

Zooming into the 5-min chart you can see that my count excludes the current move to the upside in an assumption that the downward impulse has ended. If that is true and it looks likely, then we are seeing the start of the first impulsive move to the upside which is the expected recovery – the expected Intermediate Y wave (orange) out of the WXY correction to the upside.

We can see that indeed the price went impulsively to the upside in a five-wave manner and has been stopped out at the falling wedge resistance level. The price heading for a retracement now that the impulsive move has ended and from that retracement, we are going to see which scenario is going to be validated.

If the price finds support around the 0.236 Fibonacci level and starts impulsively moving upwards again and breaks out from the falling wedge resistance and goes past the horizontal resistance at $3511 which is the prior range support, then that would be a strong indication that the Minor WXYXZ correction inside the falling wedge ended and that we are seeing the start of the Intermediate Y wave.

If the price, however, goes back below the 0.236 Fibonacci level than the price is likely heading for a one more low before the end of the Minor WXYXZ correction.

Zooming out back to the hourly chart you can see that I have projected the ghost bars from the last time the price of Bitcoin increased impulsively which is the Intermediate W wave that ended on 24th of December.

Since then the price of Bitcoin has been correcting in a falling wedge in which the wave structure formed a WXYXZ correction which is the X wave of the Intermediate count and now that it has ended or will end soon, we are going to see another impulsive move similar in momentum that is likely going to go up to the bold black line which is the most significant resistance line and potentially further up to the horizontal resistance level at $3994.4 which exactly matches the projected ghost bars.

The azure area labeled with an rectangle is looking similar to the current one and the considering that the ghost bars are from the ahead increase but only adjusted to fit the current context this scenario looks very likely.

Zooming out on to the 4-hour chart you can see the significance of the bold black line to which the price is expected to increase. It was the baseline support from the start of the bear market and was broken to the downside on the 21st of November last year when the price of Bitcoin reached $3214 at its lowest point.

Since that low which is the lowest the price has been since the start of the bear market we have seen the start of this Intermediate WXY correction which was a retest of the prior support for resistance, and this would be the final retest before further downside for the price of Bitcoin.

Ethereum ETH/USD

From yesterday’s low at $105.46 the price of Ethereum has increased today by 5.1% to the level on which it is now at $110.8.

Looking at the hourly chart you can see that the price has been stopped out at the horizontal resistance level from the current range at $111.19 and with wicks from both sides indicating a struggle.

If we are seeing the start of the Intermediate wave Y than this current increase would be the third wave of the five wave impulse so in that case, I would be expecting to see a further increase above the horizontal resistance, retracement back to the horizontal level for support, followed by further increase – like projected with the ghost bars.

Zooming out to the 4-hour chart you can also see like in the case of Bitcoin the ghost bar projection from the last impulsive move which is expected in resemblance this time as well to develop.

The price is on its current horizontal resistance much like it was the last time in the previous context labeled as the first rectangle area on the left, and is similar in pattern to the current structure in a way that there was a five wave impulse move to the downside out of which the last 5th wave ended on the vicinity of the 3rd wave’s ending point forming a double bottom and establishing support before starting to increase impulsively.

If we are seeing the start of another increase like that we might see the price of Ethereum increase up to $152 are where the 0.786 Fibonacci level is.

Litecoin LTC/USD

From yesterday’s low at $33.4 the price of Litecoin has increased by 16.27% and is currently being traded at $38.84.

Looking at the hourly chart you can see that the Minor X wave has most likely ended and we are now seeing the beginning of an impulsive move to the upside which would be the Y wave and the continuation of the Intermediate Y wave.

If this is true and then the potential increase could be even to 36% from the current levels as by projecting the Y wave as the length of the W wave from the presumed X wave ending point we come up with a target of around $54.

Zooming out to the daily chart you can see that would perfectly fit the completion of the U shape and since there is a strong resistance zone once at the projected ending point of the Y wave a retracement will occur which would lead to the formation of a descending channel which would in the combination with the U shape – a cup and handle pattern.

As that would be the second wave X from a higher degree count I believe that if this scenario plays out as outlined we are going to see a breakout from the handle on the downside and further trend continuation as the final corrective wave Z should start developing.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, EOS): Feb 7, 2019

Bitcoin BTC/USD Price Analysis

From yesterday’s open at $3513 the price of Bitcoin has fallen by 2.9% at its lowest point to $3403 but was only a quick dip as the price came back above the intraday support at $3439. Since then the price has recovered slightly and is currently sitting at $3452 which is at the resistance line of the horizontal range in which the price is consolidating since yesterday’s downfall.

Looking at the hourly chart you can see that the price has fallen to my projected levels but only with a spike and is now undergoing another correction to the upside which is the 4th wave for the last downward move and could come up to the vicinity of the 1th wave ending point at 0.382 Fibonacci level before continue moving down as the final, 5th wave should develop.

We could see the 5th wave ending on the 0 Fibonacci level at the prior low according to the Minuette count, but since the price hasn’t gone below the Minute 3rd wave I believe it will go lower.

In either way, a reversal is on the horizon as the ending point of the Minor Z wave looks closer to completion and it is the Intermediate count wave X which is why the Y wave is expected to launch the price impulsively up as we have seen in the period from 15th till 25th of December.

The target for the ending point of the Z wave would be optimally at $3340 which is the intersection with the falling wedge support line and the horizontal support zone, but it could end any time now as the moves are only getting smaller and smaller I wouldn’t come as a surprise if this happens tomorrow.

Ethereum ETH/USD Price Analysis

From yesterday’s open at $108.72 the price of Ethereum has fallen by 4.8% at first as it came down to $103.71 at its lowest point. Since the interaction with the 0.236 Fibonacci level, the price has started recovering and is now in an upward trajectory with the recovered 2.7% today as its currently sitting at $106.54.

Looking at the hourly chart you can see that the price is still in its last stage with more move to the downside expected before a reversal as the now seen upward move was the 4th wave of a Minuette count which is the 5th impulsive wave of the Minute count and is the ending point of the Minor WXYXZ correction.

The price has interacted with the prior support at the 1st Minuette wave ending point and got rejected there which validates my count and is the reason I believe we are going to see another low before the expected reversal.

The expected price target would be at around $102 slightly below the prior low level. The price could end up at the 0.236 Fibonacci level as the 5th wave could end on the vicinity of the 3rd wave’s ending point especially if the move is bearish, in that way establishing support at one horizontal level.

After the last downward move, I would be expecting a reversal as the Minor WXYXZ correction is the X wave for an intermediate count and the Y wave to the upside should start developing. The target for the expected increase hasn’t been projected as it depends on various factors but if my Elliott Wave count is correct, we are going to see another impulsive move like the one until 24th of December.

XRP/USD Price Analysis

The price of Ripple hasn’t changed much in the last 24 hours as it was mostly been hovering around $0.296 with a small upward trajectory forming a minor ascending strcuture. It did fell from yesterday’s open at $0.303 to those levels which is why the range was formed as an indication of consolidation taking place after a downfall.

Zooming out to the 4-hour chart you can see my expected scenario. Looking at the last structure you can see that the price of Ripple has at first increased exponentially until the 24th of December last year and was in a Minor WXYXZ correction like the other cryptos.

Now that the Minor correction looks near completion we are soon going to see a reversal as the Y wave to the upside should start developing but before we see that another low is most likely happening as the price has to establish firm support for an exponential increase that is expected once again.

I have deliberately zoomed out to the 4-hour chart so you can see the horizontal support levels on which I would be expecting that the Z wave ends on. The most optimal target would be at the prior low level where the 0 Fibonacci level is but we are yet to see how further could it go. The most pessimistic target would be at the next horizontal support level at $0.2661 which would be the most certain target as it would perfectly fit the interaction with the falling wedge support line with the ending point of the correction that has led to its creation.

EOS/USD Price Analysis

From yesterday's open at $2.42 the price of EOS has fallen at first in the same manner like the other cryptos and that by only 3.54% to its lowest point at $2.33 which was it’s intraday support from where an increase has been made which led the price to the current levels of at around $2.3742.

Looking at the EOS 4-hour chart you can see that there is a possibility that in its case the impulsive move to the upside has begun as the Minor correction ended on the Z wave slightly lower than the Y wave and in a three-wave manner.

It's hard to say if the increase that we have seen from 29th is the first impulsive move to the upside from the Y wave of an Intermediate count that is awaited to begin in the case of other cryptos but from here I would definitely be expecting a retracement back to the established uptrend support line which was confirmed by the Z wave.

The uptrend support line intersects the falling wedge resistance which was broken on 3rd as a retracement back to those levels for confirmation of support would be the next logical step if the price want’s to continue its upward trajectory so the scenario will pretty much be validated if it does.

If the price manages to get inside the falling wedge territory then there would be a possibility that the Minor correction hasn’t ended and that we have seen a prolongation of the final wave Z.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 6, 2019

Bitcoin BTC/USD Price Analysis

From today’s open at $3513 the price of Bitcoin has fallen by 2% and is currently at $3442.

Looking at the hourly chart you can see that the price of Bitcoin feel immediately after the open as it attempted to go above the 0.618 Fibonacci level and failed at the attempt which causes the price to drop hard due to buyers giving up supporting the price.

We have seen a decrease to below the prior low level at $3430 but only for a quick spike as the price quickly came back closing above it. The failed attempt that I referred to is the second wave from the Minuette impulsive move to the downside, according to my Elliott Wave analysis.

The price target for the expected decrease remains the same and is at the falling wedge support line intersection with the horizontal support area at $3340.

At first, a breakout from the horizontal support at the prior low or 0 Fibonacci level would be highly likely after which the 4th wave would be a corrective retest of the horizontal support for the resistance and would end as a rejection with the price continuing for another low.

That would be the end of the X wave for an Intermediate WXY correction count which means that an increase to the upside would be expected as the Y wave starts developing.

Ethereum ETH/USD Price Analysis

From today’s open at $108.88 the price of Ethereum has plummeted down steeply and aggressively as in the case of Bitcoin and came down to $103.57 at its lowest point today which was a decrease of 4.83%. From there the price started consolidating and even attempted to recover the lost value by quickly going back to the exact same levels from which the downfall happened, but the sellers pushed the price back down immediately and is currently sitting at $104.71

Looking at the hourly chart you can see the wick to the upside and how the price came back down again in the same hour. Currently, the price is interacting with the horizontal support level at $104.73 where it is retesting it for support but judging by the previous situation reading the large green wick I don’t think that the horizontal support will hold for much longer.

The first horizontal level I see fit for a potential target for the expected decrease would be at $102 or even lower to $100-95 which can be-be considered the horizontal support are.

This would be the end of the Z wave if it doesn’t get prolonged by two more waves as the current count indicates that the Z wave will end in a three-wave manner – impulse, correction, impulse).

XRP/USD Price Analysis

From today’s open at $0.3039 the price of Ripple has fallen by 3.72% at its lowest point as it came down to $0.29277 at its lowest point today from which it recovered and is currently at $0.29467.

Looking at the hourly chart you can see that the price broke out from the descending triangle in which it was correcting and has come down to the vicinity of the horizontal support level zone which is from here to $0.29115.

Since the price of Ripple was in a minor downtrend from last Thursday and it almost came down to the levels from which the increase was made and in particular coming down to the support zone I think that the price is now going to increase but only in a corrective manner although most likely impulsively as from there further depreciation would be expected to the downside.

This is due to the implications of the wave structure which looks like the one on the higher time frames and the scenario that I would be expected after the current Minor WXYXZ correction ends.

The target price for the end of the Z wave remains the same and would me around the intersection of the falling wedge support line and the horizontal support at $0.2661 but depending on the hight of the expected increase the price target could very.

Bitcoin Cash BCH/USD Price Analysis

From yesterday’s open at $117.5 the price of Bitcoin Cash has fallen by 6.38% at first as it came down to $110, but since it did the buyers have pushed the price back to the level of yesterday’s open where it encountered resistance again and is currently a bit lower to $115.2.

On the hourly chart, you can see that the price has come up to the descending channels median line and spiked up above reaching $121.1 it but was immediately pushed back below it which indicates a strong presence of sellers. As previously price broke out from the symmetrical triangle on the downside the previous support level is now being retested and since the price got rejected fast we are likely seeing a trend continuation.

The ascending channel in which the price corrected to the upside was the second wave off of the three wave correction that consists the Z wave for a Minor WXYXZ correction which is why more downside would be expected.

The price action created a cluster around the medial line which serves as resistance with early signs of bullish action but it now looks extinguished which is why from here I would be expecting an immediate depreciation below the level of the intraday low at $110 and ultimately at the horizontal support level at $93 where the Minor Z wave is projected.

Coin360 Crypto Market Outlook

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 5, 2019

Bitcoin BTC/USD Price Analysis

On Tuesday the 29th of January, the price of Bitcoin was $3430 at its lowest point. The price increased to $3553 at first and then fell down to $3477 which was a higher low compared to the ending point of the 3rd Minute wave ending point.

This indicated a potential start of an uptrend but was in question when the price attempted to go past the prior high level and just bearly made it spiking up to $3581 but that spike only triggered selling and the price fell back to the prior support level at the 0.382 Fibonacci level and a breakout from the minor uptrend support line which is the support of the ascending channel in which the 4th Minute developed in a WXY manner.

Yesterday we have seen a breakout from the ascending channel which could very likely mean that the 4th wave has ended on the Minuette Y wave and that the last impulsive move to the downside has started. Now the price is in an upward trajectory which is most likely the 2nd Minuette wave of the 5th Minute one and is serving as a retest of the prior support for the resistance which is why the price has interacted with the ascending channels support and was rejected but it pushing the price back to the 0.382 Fibonacci level which is its key support since the price has fallen 4 times on it in a search for support after encountering the sellers pressure.

As the price is now heading upwards it is again going to encounter resistance and this time it would likely be a lower high which is why I have projected that the price would go to around 0.786 Fibonacci level. The price could go further up to the vicinity of the prior high but that would only mean that the 4th wave hasn't ended and that the current movement is the prolongation of the WXY Minuette correction by two more waves X and Z. In that case, the area of the intersection between the falling wedge resistance (upper interrupted purple line) and the horizontal resistance level at $3553 or the 1 Fibo level would be the optimal target.

In any way when this minor increase ends I would be expecting more downside for the price of Bitcoin as the Z wave should end developing to the downside. The price target for the expected decrease would be between around the falling wedge support line intersection with the horizontal support zone from $3367-3340.

Ethereum ETH/USD Price Analysis

From last Monday when the price of Ethereum was $104 at its lowest point measured to the current level on which the crypto is being traded which is at 108.67 we have seen an increase of 3.81%.

Looking at the hourly chart you can see that the price action created a cup and handle, but the handle broke the horizontal support level at 107.4 and continued moving down until it came to $106 slightly below the minor uptrend support line.

The price started recovering from there and came up to the vicinity of the prior high and spiked a bit higher but since it entered the sellers' territory the selling has been triggered by the spike and the price was sent in a downward trajectory again.

Currently, the price is in between the horizontal support level at $107.4 and the minor uptrend support. This cluster looks like an expanding structure so if the structure develops further we might see another increase to around the vicinity of the horizontal resistance at $108, but when it ends I would be expecting more downside since this would only be a prolongation of the 4th corrective wave out of the 5 wave impulse to the downside.

The target for the expected decrease would be at around $102 area but we could see a further decrease since this would only be the first horizontal support level in line to the downside below the one at $104.

XRP/USD Price Analysis

From last Tuesday when the price of Ripple was $0.2874 at its lowest point measured to current level on which the crypto is being traded which is at $0.3013 the price has increased by 4.75%. The price went up further immediately after the interaction with the falling wedge support line on last Tuesdays low, up to $0.3431 which was interaction with the falling wedge resistance line which ended as a rejection which propelled the price downward again.

The interaction with the falling wedge resistance was the end of the Minor X wave which is why more downside is now expected as the Z wave has started. The price is currently in some kind of a descending triangle which I haven't labeled on the chart but is evident by the Elliott Wave Z wave, and is currently on the horizontal support from that triangle looking to break out to the downside.

If the breakout occurs and I believe that it will, we are likely going to see enough momentum for breakage of the horizontal support level at $0.29405 and further sideways movement to the next one at $0.26617 where the falling wedge support intersects it.

Bitcoin Cash BCH/USD Price Analysis

From last Tuesday when the price of Bitcoin Cash was $106 at its lowest point measured to the current level of $117.2 we have seen an increase of 10.71%.

Looking at the hourly chart you can see that last Tuesday’s low was the ending point of the impulsive move to the downside which started after the second wave X from the minor WXYXZ correction ended.

From there the price action created an ascending channel in which the recovery has been made but now the price is at the apex of the symmetrical triangle formed by the downward resistance of the Minor correction and the uptrend support line from the ascending channel.

Since the resistance line dates way before the ascending channel’s support line and is the median line of the descending channel labeled with a purple rectangle it is the dominant one and will most likely outpower the current support which is why I would be expecting a breakout to the downside from here.

Elliott Wave count also implies that more downside should be expected as the Minor correction has to finish the Z wave who target I seen fit at the intersection of the horizontal support at $93.5 and the descending channels support line.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 4, 2019

Bitcoin BTC/USD Price Analysis

Over the weekend the price of Bitcoin has been increasing and came up from $3470 which was its lowest point on Friday to $3563 which was the highest point on Sunday’s open and is an increase of 2.68%.

Friday’s low was the higher low and the second point of the ascending channels support line which started to be outlined then after the price increased and was broken yesterday again. The breakout occurred after the price encountered resistance on Sunday’s open which has around the vicinity of the prior high and just slightly above it making it the end of the Minuette Y wave.

Now that the price has broken the support another impulsive move to the downside has started, but not before the prior support gets retested which would likely be the second wave of the expected decrease.

The ascending channel was the 4th wave from the impulsive move of a higher degree and is the Z wave from the Minor WXYXZ correction that started from 24th of December. As the correction formed a falling wedge (interrupter purple lines) it is likely that the Z wave would end on its support since other waves had also and the lines were well respected.

The intersection of the falling wedge support and the horizontal support are is of interest and a probable target zone for the ending of the Z wave, which is in price terms between $3367 and $3340.

Ethereum ETH/USD Price Analysis

From Friday’s low at $106 the price has increased over the weekend by 7.77% as it came up to $114.28 on Sunday’s open. From there the price has started another minor downtrend and is currently sitting at $108.68.

Looking at the hourly chart we can see that the price action formed a cup and handle but now a similar structure developed forming and the price is again below the minor uptrend support line like it was on the last X wave from a Minuette WXY correction.

This could indicate that another increase is to be expected potentially resulting in a higher high at around 0.382 Fibonacci level if the ascending structure continues with two more waves and ends as an WXYXZ correction to the upside. But I don’t believe that there is enough momentum at the moment for that but rather we are more likely seeing the start of another impulsive move to the downside in which case the price could increase but not above the prior high labeled as the Y wave.

That would be the second Minuette wave which is corrective and considering that the price is currently in a minor cluster between the uptrend support which now serves as resistance and the horizontal support level and is bouncing between then we can say that the second wave has already begun.

After a breakout to the downside from the current cluster, I would be expecting the price to go below the previous Minute degree low at $104.73 to the lower level of the support zone which is around $102 or even lower to around $95. But after one more low a reversal is expected and a recovery period for the price of Ethereum.

XRP/USD Price Analysis

On Friday the price of Ripple was around $0.32 at the open. From there it started a downfall and came down to $0.301 but only as a wick on the hourly chart as the candle closed at $0.3041 where the price is also sitting at the moment.

Looking at the hourly chart you can see that the price is on the horizontal support level from the triangle that was formed since the price interacted with the descending wedge resistance on Friday’s open. As the is at the apex of the triangle we are going to see a breakout any time soon and the most likely is that the breakout would be to the downside since the triangle is a descending one.

The Friday’s open interaction with the falling wedge resistance was the second wave X from the Minor WXYXZ correction so the current movement to the downside is the last wave Z. The ending point of the Z wave is projected to be on the intersection of the falling wedge support line and the horizontal support at $0.266

The last Z wave will most likely be a five wave correction which is why another interaction with the resistance line of the falling wedge could occur but essentially the price is heading for a lower low than the one labeled as the Y wave at around $0.287

Bitcoin Cash BCH/USD Price Analysis

From Friday’s low at $110 the price of Bitcoin Cash has been increasing over the weekend and came up to $120 at its highest point on Sunday which was an increase of 9.18%. Since then the price has been retracing down and is currently sitting at $117.3.

Looking at the hourly chart we can see that the price of Bitcoin Cash is in a descending channel from 24th of December like in the case of other cryptos and the channel was formed by the Minor WXYXZ correction.

The correction looks like in the last stages but another low would be expected as a current ascending channel looks corrective in nature so another impulse to the downside is to develop which would end the Z wave on three waves.

If the Z wave is to end on the third wave than the current ascending channel could lead to a further price increase and the interaction with the descending channels resistance line before we see another downfall, but not above the horizontal resistance at $135.

The expected target for the Z wave ending point would be at the intersection between the horizontal support at $94 and the support from the descending channel but it could also get further low if the Z wave gets extended by two more waves.

Crypto Market Update:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Feb 1, 2019

Bitcoin BTC/USD Price Analysis

From yesterday’s high at around $3560 the price of Bitcoin has fallen to $3463 at its lowest today, but has started recovering since and is currently sitting at $3521.8 which is an overall decrease of less than 1%.

Looking at the 15-min chart you can see that the price of Bitcoin is currently in an upward trajectory after a breakout from the ascending wedge on the downside. The upward move has been stopped out at the 0.786 Fibonacci retracement level measured from the last increase which is why I believe that the price isn’t going up further but is going to start falling down to the level of the prior low.

This would be the development of the Subminuette WXY correction after the initial increase we have seen on Tuesday. This correction would be the X wave from a higher degree Minuette count which is the 4th wave from the Minute count off of the 12345 impulsive moves to the downside.

This means that one more low should be expected before the increase which is set to go when the 5th impulsive Minute move ends and by looking at the significant levels you can see that I have projected the optimal price pathway according to my Elliott Wave count.

The target price for the end of the 5th wave would be on the intersection of the descending wedge support and the horizontal support zone which would be around 5th of February which is perfectly in line with the sideways movement that is expected to occur until then and would be enough time for the price to reach that intersection on the 5th wave.

Ethereum ETH/USD Price Analysis

From yesterday’s high at $112.9 the price of Ethereum has been in a downward trajectory and has fallen today to $105.82 at its lowest but managed to recover quickly as its currently sitting at 108.72.

Looking at the 15-min chart you can see that the price action broke out from the handle which was formed yesterday on the downside as the minor horizontal level didn’t serve as support. The price fell only by a little below it but enough to say that this cup and handle isn’t bullish.

Now that the price is in an upward trajectory and has managed to come above it once again it is still unclear what this wave is but since the price definitely isn’t showing bullish momentum I believe that we are still in stage 4 of the impulsive move to the downside which is why I am viewing this whole move as another wxy correction.

This current upswing could be the corrective wave X from a correction of a lower degree because it definitely isn’t the going further up at least for now as the first signs of weakness have been displayed as the price encountered resistance which isn’t that significant but yet has stopped the price out.

From here I think that we are going to see a continuation to the downside to the vicinity of the prior low levels which would be the end of the Minuette wave X after which another increase would be developed to the upside to the vicinity of the wave W-ending point optimally.

After this sideways move ends I would be expecting a lower low which would mark the end of the Minor WXYXZ correction as the Z wave would end and with it the Intermediate wave X which is why I would be expecting to see an impulsive move to the upside afterward.

XRP/USD Price Analysis

From yesterday’s high at $0.334 which was only an hour from the open, the price of Ripple has been falling and has reached $0.3037 at its lowest today. Currently, the price is sitting at $0.31260 which is an overall decrease of around 8%.

Looking at the hourly chart you can see that the yesterday's increase was to the vicinity of the MInor W wave ending point which is perfectly within the rules of the Elliott Wave Principle and is the reason I feel pretty confidante labeling it as the second wave X from this Minor WXYXZ correction that started on 24th of December last year.

The price came up to the 0.33841 horizontal resistance level which is the significant resistance point made at first as a support on the W wave pullback but was well respected as resistance when the price fell below it on the first X wave when the price needed strong momentum to break it to the downside.

All of this implies that the strong bullish momentum that led the price up by almost 16% yesterday has now been exhausted after the attempt to break the mentioned resistance which is why the price has started moving to the downside again.

As this is was most likely the ending point of the second wave X now another low is expected as the Z wave should end, optimally around the descending channels support line (lower bold black line) or in price terms at around $0.25.

Bitcoin Cash BCH/USD Price Analysis

From yesterday’s high at $119 the price of Bitcoin Cash has fallen by 7.62% at first as it was on $110 level at its lowest point today, but since the price reached those levels its started increasing again and is currently sitting at $115.7.

Looking at the zoomed out hourly chart you can see my count clearly as well as my projection. The Minor WXYXZ correction looks like it hasn’t ended after all, but instead, we are most likely going to see another low to around $102 are or even lower to $95 area depending on the momentum.

The price is currently in an upward trajectory but this is only correctional before further downside as this is the 4th wave of the last impulsive move to the downside which is correctional in nature.

After the Minor correction ends like in the case of other cryptos I would be expecting an impulsive move similar to that we have seen until the 24th of December last year.

Current Crypto Market Prices:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP): Jan 31, 2019

Bitcoin BTC/USD Price Analysis

From yesterday's low at $3464 which was near the open, the price of Bitcoin has by 1.1% as its currently being traded at $3494. The price did go further up as it came to $3561 which was on today's open but since the level was reached another minor downtrend has started.

On the hourly chart, you can see that the price action has created an ascending wedge since the previous 5 wave impulse has ended which is why I believe that this is the prolongation of the Minor Z wave which still hasn't ended and will end as a five wave move and not the three wave that I was previously expecting. Currently, the price is interacting with the intersection of the 0.236 Fibonacci level and the wedge support line so I think that the support will be there for now.

The price could continue its upward trajectory for another interaction with the descending wedge resistance (upper interrupted purple line) before continuing for another lower low which would be the end of the Minor wave Z and the Intermediate wave X. The price target for the Z wave would be on the $3367 horizontal level or on the lower level from that support range. Optimally the price would at first increase to the descending wedge resistance before going down again which would be enough for the price to come down where the intersection of the descending wedge support line is and the horizontal support.

As Y wave is expected to the upside from here which would be an impulsive recovery move firm support is to be established and the mentioned area would be the perfect fit which is why I believe that this would be very likely. In the upcoming period, I would be expecting to see more sideways movement before another low which would be the end of the Minor correction and the start of a large move to the upside.

Ethereum ETH/USD Price Analysis

From yesterday’s low at $105.7 the price of Ethereum has increased by 2.6% as its currently being traded at $108.

Looking at the hourly chart you can see that the price action created a cup and handle pattern which would be a bullish pattern, and as the pattern was formed around the ending point of the Minor WXYXZ correction we could see further increase from here.

Currently, the price has fallen to the prior range resistance line, were it is retesting it for support. If we see a bounce from it a breakout from the handle on the upside would be most likely in which case I would expect to see the price of Ethereum reaching the previous range support line which now serves as resistance at $116 where the 0.382 Fibonacci level is.

If the support level doesn’t hold then I would be expected to see a further downside with another low on the lower level off of the support zone at $102-100.

The wave structure looks like the Z wave is going to end as a five wave move in which case the cup and handle that we are currently seeing would be the 4th wave and its count would be valid until $116 where the ending point of the 1st wave is. If the price goes above that level than I would be safe to say that the Z wave ended and that a move to the upside has started.

But considering that the price has fallen approximately by the same amount as it came up yesterday indicating at least equal momentum the projected scenario on the chart above looks more likely.

XRP/USD Price Analysis

From yesterday’s low when the price of Ripple was $0.2919 measured to the current level on which the cryptocurrency is being traded which is at $0.31328, Ripple has decreased by 6.91%.

On the hourly chart, you can see that the price of Ripple has increased yesterday exponentially when it came from $0.29 to $0.3384 which was an increase of 16.6% in one day. This indicates strong momentum but since the increased price has been plummeting down as aggressively as it came up and is currently at about 7.78% less then it was on the yesterday's peak near the closing hours.

This could mean that the price has entered the sellers' territory which activated hard selling and chasing of the price since the increase made was sudden but strong. The price is currently below both of the upper horizontal resistance lines and has found support on the minor horizontal level which isn't strong enough to hold the momentum behind the sell-off. As the price has started increasing again it might go up to $0.32565 horizontal resistance level before continuing its downward trajectory.

The price has been in a Minor WXYXZ correction since 24th of December and the interaction with the 0.28494 horizontal support level could be the end of that correction. In this case, the increase we have seen yesterday could be the start of the impulsive move to the upside after the correction ended although it is more likely that the interaction with the mentioned horizontal support level was the end of the Y wave from the Minor correction. In that case, the increase we have seen yesterday would be the second wave X from the Minor correction which means that the decrease we are seeing today would be the beginning of the final wave Z.

If the last is true then the price would go lower than the 0.28494 support line potentially for interaction with the lower bold black line which is the support line from the descending channel the price of Ripple has been in from 21th of September last year.

Cryptocurrency Market Snapshot

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 30, 2019

Bitcoin BTC/USD Price Analysis

From yesterday’s open at $3508 the price of Bitcoin has fallen at first to $3430 and spiked even lower but managed to hold above it and since the spike down entered the buyers' territory, the buying has been activated.

This has led to a small recovery at first but the price caught some traction and the momentum increased which is why a breakout occurred from the triangle-like structure in which the price of Bitcoin was consolidating currently the price is at $3531 which is above the level of yesterday’s open making it higher high which indicates the start of an uptrend.

Looking at the 15-min chart you can see that the price in an upward trajectory and is above the 0.236 Fibonacci level which was retested for support and has bounced off of it nicely, indicating that the support is there.

Since the price completed its 5th impulsive move and with it the Z wave from the WXYXZ correction we are now seeing the start of a reversal as the Minor correction was the X wave from a higher degree count out of which the Y wave is expected to develop to the upside.

If this is true then we are going to see a further increase and a breakout from the descending wedge on the upside as the Y wave would be an impulsive move like we have seen from 15th till 24th of December last year when the price of Bitcoin came up from $3233 to $4374.

The target price for the expected increase would be at around $4000 which was the horizontal support level now serving as resistance and the intersection with the descending resistance line previously the key support line since the bear market started.

Ethereum ETH/USD Price Analysis

From yesterday’s low at $104.35 the price of Ethereum has increased by 6.08% as its currently being traded at $110.6.

The price was consolidating after a downfall and the consolidation took place inside a symmetrical triangle, but since the 5th wave from the impulsive move to the downside a breakout to the upside was expected from here.

Strong momentum has been shown as the buyers have pushed the price to increase by 4.64% in the last couple of hours but the price encountered resistance at the $111.19 horizontal level. Considering that this is only a minor resistance point and on the other hand, the strong momentum that is shown, I believe that the price is going to go past the level and continue its upward trajectory to the 0.382 Fibonacci level at least before some minor correction will occur.

As the price has most likely ended its Minor WXYXZ correction which is the X wave from an intermediate count we are seeing the start of the Y wave to the upside. This wave would be impulsive although corrective in nature since the market is still indecisive.

If the Y wave started developing more momentum will be shown so this could serve as an indicator of whether or not the increase has started. But at the moment since the price of ETH has started gaining some traction I believe that it did.

XRP/USD Price Analysis

From yesterday’s low at $0.28770 the price of Ripple has increased by 12% measured to the current level on which the crypto is being traded which is at $0.32.

On the 15 min chart, you can see that the price exponentially increased today, showing strong momentum which led to a breakout from the symmetrical triangle in which the price consolidated after the decrease has ended.

As the 5th wave to the downside developed we have likely seen the end of the Minor correction as the Z wave ended. If this is true then the current upward movement is the start of the intermediate wave Y which would push the price up impulsively.

Currently, the price is interacting with it first significant horizontal level which serves as resistance which is why now we could see the price pullback slightly before continuing its upward movement. I don’t expect that pullback to be a significant one but only a small stop before the trend continues.

The target price for the expected increase would be at the upper bold black line which is the resistance line from the descending channel in which the price of Ripple is from 21th of September.

Since this is the most significant resistance line and the price interacted with it 6 times so far, we are likely going to see another interaction. That would in price terms be around $0.35715 to $0.36 where the upper resistance level is from that resistance zone which was previously the support zone.

Bitcoin Cash BCH/USD Price Analysis

From yesterday’s low at $105.9 the price of Bitcoin Cash has increased by just over 10% as its currently being traded at around $116.2

Looking at the hourly chart you can see that the price of Bitcoin Cash is in a descending channel from 24th of December like the other cryptos, and the descending channel was formed by the Minor WXYXZ correction that I referred to in the previous analysis but on this zoomed out chart you can see it more clearly.

As the Z wave most likely ended we are seeing the start of another upward move like from 15th till 24th of December and a breakout to the upside from the descending channel. Projecting the W wavelength on to the presumed Intermediate X wave ending point we come up with a target for the Y wave at around $183.

This would be the optimal target but I don’t believe that the price is heading up that far. More likely we can see the Y wave ending on the lower horizontal support level which now serves as resistance which is at $156.

Unlike in the case of Bitcoin where the price interacted with its descending structure’s support line on the Z wave, the price of Bitcoin Cash hasn’t. This may be due to the fact that the Z wave hasn’t ended and this applies to the other cryptos as well.

For now the Z wave has three waves- impulse, correction, impulse; and although it has most likely ended there is a possibility for an extension by two more Minuette waves in which case the current increase would be the first extension or the Minuetter second wave X after which we could see the final move to the downside which would be the second extension or the Minuette Z wave before the whole Minor correction ends and we see the start of the Intermediate Y wave.

This will soon be either validated or invalidated as the price has already come up, so now after the first pullback, we are going to see depending on the depth of a pullback. If the price pulls back to the levels of the yesterday’s low or even goes lower than this second scenario is in play and the Y wave hasn’t started.

But if the price pulls back to the levels of yesterday’s resistance point from where the price broke out and finds support there then the primary count in which the Y wave already started will be validated.

Current Crypto Market Outlook:

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP): Jan 29, 2019

Bitcoin (BTC/USD)

On today’s open the price of Bitcoin was $3507. From there which was the end of the 4th wave, the price continued its downward trajectory and came down to $3430 at its lowest point today as it was searching for support on the descending wedge support line since the price interacted with it another increase has been made and the price is currently at $3471.3 which is an overall decrease of 1.2% from today’s open.

Looking at the 15-min chart you can see that the price found support on the descending wedge support as the level was well respected and the candles closed above it. Since the interaction, the price has started its upward trajectory but it encountered resistance at the 0.236 Fibonacci retracement level which was previously broken.

Now that the price encountered the first significant resistance on the upside it is likely heading for a minor pullback before continuing its upward trajectory. As the 5th Minuette impulse wave ended so did the Z wave from a Minor WXYXZ correction which is the Intermediate X wave from a higher degree count.

The Y wave from that Intermediate count is expected to start which is why more upside is expected for the price of Bitcoin in the upcoming period but we might see a period of consolidation before this happens.

If what we have seen today is the start of the Y wave we are going to see the price start increasing impulsively to the upside. That move to the upside will most likely be around the same momentum as the impulsive move we have seen from 15th to 24th of December when the price of Bitcoin came up from $3240 to $4374.

Ethereum (ETH/USD)

From today’s open at $108.45 the price of Ethereum has been falling down and came to $104.3 at its lowest point today. From there the price started increasing again and came up to around the levels of today’s open but encountered resistance at the prior resistance point which is why it started pulling back again to the minor horizontal support.

Looking at the 15 min chart you can see that the price of Ethereum started a correction since the interaction with the $104 horizontal level so this correction could be interpreted as the 4th wave from the impulsive move to the downside or it is the first move to the upside after the 5-wave impulse ended.

The resistance from the 4th corrective wave has been outlined so if the price now doesn’t go further down below $106 and start increasing again going above the resistance level I would consider that the 5-wave impulse to the downside has ended and that we are seeing the start of the new wave to the upside.

The other possibility is that the the upper resistance line is the resistance from a descending triangle that is yet to be established with another verification of its support line before another low is to occur as the 5th wave, in that case, hasn’t started like depicted on the chart.

In either way, a reversal is on the horizon as the move to the downside is near completion. The expected reversal would be the the third Intermediate wave Y from a higher degree count so the completion of the wave Z from a Minor WXYXZ that has developed is the X wave of that higher degree count.

Ripple (XRP/USD)

On today’s open the price of Ripple was $0.2993 and from there the price fell at first to $0.285 horizontal level for interaction with the lower support level off of the support zone with which the price is currently interacting but the interaction ended as a large wick on the 15-min chart as the price quickly came back up above its current horizontal support and then back to slightly below the level of today’s open making a lower high.

The price of Ripple is like in the case of Bitcoin and Ethernet in its final stages of the Minor WXYXZ correction so a reversal is soon to be expected, but the ending point of the Z wave is hard to call out because of the sideways movement that we have seen recently.

As you can see from the 15 min chart the 5th wave completion is still awaited or a confirmation that it has ended. This will be confirmed if the price starts increasing again and breaks the still yet to be validated descending triangle but as the current price action pattern indicates we might see another low and proper interaction with the previously interacted lower support level.

The refereed triangle could be a bearish pennant but another expanding structure looks like it is intersecting the triangle which is not labeled on the chart as there is still no confirmation but if the 5th wave hasn’t started and it does go the the lower support line the expanding structure will start to appear more clearly.

The expanding triangle or a channel on the end of the correction usually indicates a large move ahead so this could very much be the possible scenario.

If the price of Ripple immediately goes below the outlined triangle’s support line I would believe that the 5th wave is playing out as the 4th wave ended as a three wave correction, but if not I would think that the 4th wave could be prolonged by two more waves.

In order to be 100% positive that the WXYXZ correction ended and that the impulsive move the the upside started, we are going to look out for the price going above today’s open and make a higher high.

If the price goes to around the vicinity of today’s open and finds resistance there, that would most likely mean that the 5th wave is going to start from there and another low is coming before the expected trend reversal.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 28, 2019

Bitcoin BTC/USD Price Watch

Over the weekend the price of Bitcoin came up from $3632 at Friday’s open to $3750 at the highest point on Saturday which was only a quick spike as the hourly candle closed at $3705. The spike entered sellers’ territory so the selling was activated and caught momentum which started pushing the price to the downside at first to the minor horizontal support level and then below it to the 0.236 Fibonacci level or in price terms $3474 at the lowest point today.

Looking at the hourly chart above you can see that the price has created a cluster around the 0.236 Fibonacci level as it is looking for support there after the sellers have pushed the price in a downward trajectory.

The price is now likely heading towards the lower interrupter purple line which is the descending wedge support level in which the Minor WXYXZ correction occurred from 24th of December when the price of Bitcoin reached $4374.

According to my Elliott Wave count, the Minor correction is about to end as the Z wave looks near completion and considering that every corrective wave ending point was on the wedge levels validating them along the way, so would the Z wave most likely end on the interaction with the wedge support.

This might not happen in a straight line as the price is in the 4th Minuette impulse wave which is corrective and could lead up the price of Bitcoin to the prior horizontal support (purple line) for a retest before the 5th wave starts. This would be unlikely but there is a possibility still.

The target for the ending point of the Z wave and the current down move would be at around $3430.

When this move ends this would be the end of the wave X from a higher degree count so another impulsive move is expected as the Y wave should start developing.

Ethereum ETH/USD Price Watch

From Friday’s open at $119.5 the price of Ethereum has been going sideways over the weekend before finally going down further as it broke the horizontal support of the range in which it was going sideways and continued moving lower to $104.73 horizontal support level which was pointed out as a possible target for the end of this decrease in some of my previous analysis.

Looking at the hourly chart you can see that the price of Ethereum went further below the $104.73 level but only left a wick on the hourly chart as buyers have quickly started holding the price above it which indicates that the support is, in fact, present at those levels.

The question is whether or not the seller's momentum would keep on pushing those buying orders or would the support be enough for the expected reversal. By looking at the wave structure I would say that I don’t believe so as this is for sure an impulsive move which would mean that it should develop in five waves, and only three have developed so far with the 4th on the horizon.

We are most likely going to see some small correction which would be the 4th wave from the current impulsive move to the downside who would optimally end around the 0.382 Fibonacci level or in price terms around $108.5 before continuing its downward trajectory as the 5th wave should start developing whos target I see fit around $100 area or where the 0.236 Fibonacci levels is.

Like in the case of Bitcoin, according to my Elliott Wave count, this would be the end of the Minor Z wave so a reversal is coming which would be the Y wave from an Intermediate count whos WXYXZ Minor correction is the X wave.

XRP/USD Price Watch

From Friday’s open at $0.3234 the price of Ripple like in the case of Ethereum went sideways at first before it finally started moving strongly to the downside today and reached $0.29 which is a 10.52% drop.

The referee sideways movement was the Minuettte WXY correction so after it ended another move to the downside was expected as the Z wave started developing in an impulsive manner. The price found some temporary support at $0.294 horizontal support level which is now being retested as the price is starting to gain some upward traction.

On the hourly chart, you can see that the price of Ripple has like in the case of Bitcoin and Ethereum most likely in its final stages of the Minor WXYXZ correction so a reversal is soon to be expected.

The price is in its third wave from the second wave X so if it doesn't get extended by two more waves the recovery could start immediately but the current bounce doesn’t look strong enough to repel the selling momentum.

Most likely we are going to see another move to the downside after the price consolidates for a while potentially around the mentioned horizontal level at $0.294 before going to $0.28494

Bitcoin Cash BCH/USD Price Watch

From Friday’s open when the price of Bitcoin Cash was at $129 measured to the current level on which the cryptocurrency is being traded which is at $108.9, we have seen depreciation in price by 15.71%.

On the hourly chart, you can see that the price found support on the first significant area around the vicinity of the C wave from an ABCDE correction inside the triangle which was the bearish pennant in December last year.

Like in the case of other cryptos the Elliott Wave count implies that this would be the end of the correction that started after the impulsive move to the upside ended on 24th of December, so a reversal is soon to be expected.

But as the price is currently on the insignificant enough level for strong support, needed to repel the sellers’ momentum and cause the trend reversal I believe that another low will happen before that reversal starts.

The target for that expected decrease would be at $104-103 level which is where some significant support could be found.

Current Crypto Market

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP): Jan 25, 2019

Bitcoin BTC/USD Price Analysis

Yesterday the price of Bitcoin was $3590 at its lowest point from where an increase has been made to $3666 but since the price encountered resistance at those levels it came back down and is currently sitting at $3604 which is close to the level of yesterday’s low.

Looking at the hourly chart you can see that the price of Bitcoin has been stuck in another range between the prior minor one’s resistance line which now serves as a support and the 0.382 Fibonacci retracement level which serves as resistance.

Currently, the price has started breaking the last uptrend support line as the price is below it, but since the price already went below the level and came back above it leaving wick on the hourly chart we can’t say for sure if the level got broken.

If the price goes lower I wouldn't expect it to go below the horizontal range support line at around $3950 as the price already interacted with the level previously and left a wick on the hourly chart indicating that the buyers are in fact there.

The wave structure looks similar to that before the 12345 move to the downside when the price of Bitcoin fell from $3825 to $3566, so this implies that we are likely seeing another WXY correction to the upside. If this is true then we are going to see an increase to the upside soon when the price finds support either on the uptrend support line or the horizontal support level.

The target for the expected increase would be optimally around the next horizontal resistance level in line to the upside which is at $3718. The price could go higher although highly unlikely since there are numerous resistance points to the upside and strong momentum is needed, the momentum which we still haven’t seen for a while.

When this sideways movement ends I would be expecting further downside for the price of Bitcoin and a breakout from the current support levels resulting in lower lows and further lookout for support.

Ethereum ETH/USD Price Analysis

From yesterday’s low at $116.74 the price of Ethereum has been steadily increasing to $119.5 which was around today’s open. Since the price hit those levels it started decreasing again and has come down to $116.68, slightly below yesterday’s low.

On the hourly chart, you can see that the price is back on the horizontal support level (bold black line) which was established when the price of Ethereum came up impulsively to $157 on 24th of December after which this correction which I referred to as the Minor WXYXZ correction started.

As the market is strongly correlated all of the cryptos are showing a similar chart pattern especially those that are major in market cap, which is why we can say that the whole market is in a similar stage.

This current sideways movement that we are seeing is considered by me as the second wave X so after it ends I would be expecting the final wave Z to the downside and considering the price of Ethereum a breakage of the horizontal support level on which the price is currently.

The price action has created a descending triangle but I don’t believe that the price is heading down just yet.

As the market fractality and the wave structure implies we are going to see another increase at first, optimally to the vicinity of the Minute W wave ending point which is around the 0.5 Fibonacci level or in price terms between $120 and $121.3 which is the upper resistance line and a support from the prior range (purple line)

This correction, the Minueytte WXY (orange), might get prolonged by two more waves x and z which is why the price could end higher than projected but since this would mark the end of the second Minor wave X we are going to see a further decrease in either way.

XRP/USD Price Analysis

The price of Ripple was $0.31799 on its lowers point yesterday. From there the price increased at first as it came up to $0.32457 but started decreasing again from there and came down to the levels of yesterday’s low as its currently sitting at $0.31802.

On the hourly chart, you can see that the price is back on its horizontal support in a lookout for support since yesterday’s high was a lower compared to the previous one which indicated that the sellers are in control, so they have pushed the price back to where the buyers are.

I have labeled the fractals that I was referring to and you can see that the Minute 12345 which was followed by a Minute WXY pattern resembles the Minuette count of the 12345 and the now developing Minuette WXY.

Then the price also held the at the horizontal support for three interactions before it made another attempt for a breakout to the upside which was the Y wave but ended as a fakeout resulting in further lows.

This is why I believe now we are going to see a similar pattern and the reason why I believe that the current support levels are going to hold for another bounce to the upside in an attempt for another breakout which would be the expected Minuette wave Y.

The price target for that expected Minuette increase would be around the prior range support which now serves as resistance which would be in price terms at $0.3281. According to my Elliott Wave count, this would be the end of the second Minor wave X from a WXYXZ correction, meaning that the Z wave should start afterward resulting in more downside for the price of Ripple in the upcoming period.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 24, 2019

Bitcoin BTC/USD Market Analysis

From yesterday’s open at $3643 the price of Bitcoin hasn’t changed much as measured to the current level at $3634 it has only decreased by 0.3% but the price went higher than the open to $3666 area and lower than the current level to $3592 before increasing again close to the levels of the yesterday’s open.

Looking at the 15 min chart you can see that the price of Bitcoin increased to the 0.382 Fibonacci level where it found resistance once again since the price already interacted with the level the day before and got rejected which is why a pullback started in the first place.

Currently, the price is again on an upward trajectory and has started pulling back slightly lower than the mentioned level as it hasn’t interacted with it today, which could indicate that the level might get broken as another increase is expected to take place after the current pullback ends.

The price might not get past the 0.382 Fibonacci retracement level as it served as strong resistance so another interaction that would lead up with further retreatment would be expected. If the price continues moving above the resistance line the target price for the expected ending point of the increase would be on the next horizontal level in line which is significant enough that will serve as resistance which is at $3720 (upper interrupted purple line),

In any way, as I said after the interaction, sideways movement is expected with finally one further impulsive move to the downside and considering that the current correction is expected to end on the upper side I would serve as a good starting point for the expected impulsive move.

Ethereum ETH/USD Market Analysis

From yesterday’s open at $120.41 the price of Ethereum has fallen to $118.23 which is a decrease of 1.78%. The price did go further down to around $117 were some support has been established but it spiked down also further below to $115.7 but only for a quick dip since the 15 min candle was left with a huge wick as it closed around the support area.

On the 15-min chart, you can see that the price managed to go above the 0.5 Fibonacci level but hasn’t managed to stay above it since it came back below it to the prior range support zone where it found some support.

The price is currently in an upward trajectory with the potential price target being around the vicinity of the Minuette W wave ending point around $121.28 or even slightly further up to around the support line of the previous range which now serves as resistance.

When the increase end I would be expecting further downside for the price of Ethereum since we have seen another corrective move to the upside resulting in a similar fashion and the sideways movement is the final wave.

The price target for the expected decrease would be to around $111 at first or even lower but the 0.382 Fibonacci level is going to serve as support so it will most likely be the the first stop in a downward trajectory.

XRP/USD Market Analysis

On yesterday’s open the price of Ripple was $0.32412. From there the price came down to $0.318 as it was in a downward trajectory until today. When the price came down to those levels it started increasing again much like we have seen on the charts of other cryptos and is currently at $0.32097 which is around 1% lower from the yesterday’s open.

The price fell back to the support levels of the prior range which you can see on the chart above and since it found the support it started increasing again as the buyers pushed the price back up.

But as the buyers encountered sellers at the previous uptrend support line when the price reached $0.32303 today it started pulling back to the horizontal support line at around $0.321 which is the X wave according to my Elliott Wave count.

This means that the upward move to the upside should be expected now that the price has pulled back which would be the Y wave from an Minuette WXY correction that started when the price of Ripple came down to $0.31566 on the 5th move to the downside.

The target price for the expected increase would be at the horizontal resistance area between $0.327-0.328 which is the prior range support with whom the price interacted with on two occasions which resulted in a rejection indicating that the area indeed serves as resistance.

When the increase ends that would be the end of the second X wave out of the Minor WXYXZ correction which is why another move to the downside is expected from there as the Z wave should start developing.

Bitcoin Cash BCH/USD Market Analysis

Yesterday the price of Bitcoin Cash has $128 on the open and from there the price increase at first to $134.1 but fell immediately after below the opening price and is currently sitting at $127.3

Looking at the hourly chart you can see that today’s increase was the end of the WXY Minuette correction as the price came up to the vicinity of the W wave ending point below the horizontal resistance level.

Since the correction ended so did the second X wave which is why now if the correction doesn’t get prolonged by two more waves we are going to see the start of the last wave Z from a Minor WXYXZ correction that is in play from 24th of December which would result in the price of Bitcoin Cash going to the next horizontal level I see fit to withhold the momentum behind the downward movement which would be at around $104.

If the correction gets prolonged by two more waves it would be a more sideways movement for the price of Bitcoin Cash before the start of the Z wave, but more downside for the price of Bitcoin Cash is imminent.

Crypto Market Current Picture:

 

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 23, 2019

BTC/USD

From yesterday’s low at $3556.6 when the price of Bitcoin dipped to the lower support level we have seen the price increase by 3.15% as it came up to $3668 on an impulsive move to the upside.

Since that increase was an interaction with the 0.382 Fibonacci level which serves as resistance the price started pulling back and was $3641 at today’s open. From there the price came down to the lower support line of the previous range and back again to the 0.382 which is why another minor range has formed.

Looking at the 15 min chart you can see that the current minor range is a cluster below the 0.382 Fibonacci level indicating that the buyers are putting a lot of pressure on the mentioned level but as the price is in a downward trajectory and is in the final stage of the Minor correction and the 4th corrective move from the Minuette impulse move to the downside.

We might see another increase to the upside as a result of the traction that the price picked up after the yesterday’s dip but I don’t believe its likely but this sideways movement is making it difficult to say.

Overall my analysis points out that the price is heading downward further since the dip that occurred yesterday was only interaction with the expected price target levels. If the 5th wave ended inside the prior lower range which could have happened, we are then seeing the start of the second corrective wave to the upside which means that another move to the downside with the price going lower for proper interaction with the 0.236 Fibonacci level would be expected.

ETH/USD

From yesterday’s open at $117.4 the price of Ethereum has increased by 1.32% as its currently being traded at $119.4. The increase didn’t happen in a straight line as the price went lower than on yesterday’s open and higher than on the current levels.

Looking at the 15 min chart I have zoomed into the sub-waves and have been further examining and counting them so what applies here could also be true for the price of Bitcoin as the market is strongly correlated.

According to my count, the Minuette impulsive move to the downside has ended which is the first wave from the Minute WXY correction which is the final Z wave from the Minor WXYXZ correction that is in progress since 24th of December.

The price is currently in its second Minuette correction wave to the upside so there is one more wave to the upside would be expected to around $123.84 where the minor horizontal resistance line is, but after it ends most likely we are going to see the third movement which would be another impulsive move to the downside.

The price target for the final move to the downside would optimally be at the 0.382 Fibonacci level or in price terms at $111.34.

XRP/USD

On yesterday’s open the price of Ripple was at $0.3237. From there the price fell at first to $0.31571 and spiked even further down to $0.31 but only for a dip as we have seen on other cryptocurrency charts as the price started increasing from there with strong momentum and came up to $0.32581.

From there the price retraced down since it encountered resistance at the horizontal level at $0.3272 which is the lower support line from a prior range. The price fell to the next horizontal support level in line to the downside which is at $0.32.

Looking at the 15 min chart you can see that the price is now on the uptrend support line again as it came back above it and is now retesting it for support. I believe that the support would be there since the previous retracement was the B wave from a third consecutive ABC so this would be the start of the C wave which would be another 12345 impulse wave like the A wave previously that lead the price up to the $0.327.

The price target for the expected increase would be around $0.3322 which is where the horizontal support at the prior range support is, but when the price ends that upward move we are going to see another decrease as this would be the end of the Minute X which means that the Y wave to the downside should develop.

This Minute Y wave ending would mark the end of the Minor Z wave from the Minor WXYXZ correction which occurred from 24th of December whos price target I see fit at around $0.3 area which is the resistance level from the range from which the price of Ripple started the impulsive move to the upside and reached $0.4643 on 24th.

BCH/USD

The price of Bitcoin Cash has increased by 14% from today’s low at $117.4 as its currently at $133.7

Looking at the hourly chart you can see that the chart pattern seems like its a bit ahead from the other cryptos which could indicate that previous projections are highly likely. The three wave move to the upside that is expected for the other cryptos has played out in the case of Bitcoin Cash but in the case of Bitcoin Cash that would be the end of the second Minor wave X which in the case of other cryptos is counted as finished.

The price could go a bit further up from the current levels for proper interaction with the horizontal resistance level above but the move to the upside looks finished which is why I would be expecting the start of the final Z wave to the downside with the potential price target at $104 which is the most significant horizontal level on which the price is likely going to find support after the search out for it ends.

Whole Cryptocurrency Market Outlook

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 22, 2019

BTC/USD

From yesterday’s open at $3596 the price of Bitcoin has been bouncing inside of a range between there which was the range resistance line to $3556 which is a lower support level of the mentioned range.

Today the price went on to increase after the second interaction with the lower support level and from there it up to $3648 where it is currently sitting which is an increase of 2.54%. But since the price has encountered some resistance at the current levels it is in question if the rise will continue for much longer.

Looking at the 15 min chart you can see that the price has broken out from the mentioned range on the upside and has also broken the prior horizontal support (interrupted purple line) and is currently inside the prior range from which a breakout occurred previously with strong momentum.

The wave structure looks impulsive although I don’t believe that its the start of an impulsive move altogether, it is more likely that this is a retest of the prior support level for resistance which is why next I would be expecting an interaction with the 0.382 Fibonacci level or in price terms at $3666, before further downtrend continuation.

As the previous move was an impulsive move to the downside this is the 4th wave to the upside before another drop according to my Elliott Wave count, so after it ends I would be expecting that the price falls to the next Fibonacci level at $3499.

ETH/USD

From yesterday’s open at $119.2 the price of Ethereum has like Bitcoin been stuck bouncing inside a range from those levels which are around the range resistance level to $115.65 which is the range support level. The price came down today to $112.34 at its lowest spike which ended as a wich even on the 15 min chart which means that the dip activated buying since the price has been on the rise since and is currently at $120.22 which is an increase of 0.97% from yesterday’s open.

On the 15 min chart, you can see that the price is currently above the 0.382 Fibonacci level and is retesting it for support from the upside. This is a result of a breakout momentum that occurred after a quick dip, which was pushed the price above the range resistance levels and slightly above the mentioned Fibonacci level.

The price is on the intersection between the horizontal Fibonacci level and the descending channels which can be seen on a higher time-frame, resistance line which is why we are seeing a cluster forming. This indicates a struggle between buyers and the sellers but as the momentum is bullish we might see further breakouts to the upside but wicks from the upside on the current candles don’t bring a lot of confidence in that scenario.

I would be expecting an immediate rejection from these levels and further downside as the final Z wave should end significantly lower than the current levels, potentially all the way down to $102 per ETH.

XRP/USD

On yesterday’s open the price of Ripple was at $0.32283. From there the price fell at first since it interacted with the resistance level to $0.31889 which was the first support line of the range in which the price of Ripple was bouncing throughout most of the day.

Since the price interacted with the ranges’ support level another increase was made this time slightly higher than on the opening price as the price came up to $0.32498. Onward the price fell again to the support level of the range but this time slightly lower than the previous low as it came down to $0.31819 which was close to the today’s open.

Today the price went on to increase again but after it came to the prior high lower level it fell this time even lower to $0.3157 and even spiking further down to $0.31 but the buyers have immediately brought the price back up to above the support line of the mentioned range, and ultimately this led to a breakout from the range on the upside as the buying momentum was caught.

On the 15-min chart, you can see that the price action has created an expanding triangle out of the previous horizontal range since the price created higher highs and lower lows. Looking at the wave structure I have outlined that the current upward move must be the third corrective structure to the upside which means that after it ends more downside would be expected for the price of Ripple.

More downside is expected due to the fact that the price has been in a Minor WXYXZ correction from 24th of December when the price of Ripple experienced the impulsive move in which more than 60% recovery has been made, and as the previous structure to the upside was most likely the second wave X, the final wave Z should push the price to around $0.3 which is the price target.

BCH/USD

From yesterday’s open at $122 the price of Bitcoin Cash has fallen today to $120 at its lowest point. From there, an increase occurred as the price is currently around $130 level.

Looking at the hourly chart you can see a similar chart pattern like in the case of other analyzed coins except I have labeled it differently. According to these alternative labelings which I have chosen to display can also be applied to the previous analysis.

What is different in this scenario is that the Minute X wave ended today on the dip which we have seen al more or less all cryptos. This could be highly possible since the impulsive move that we have seen on t14th of January, Monday last week, resembles the current one which could be interpreted as the Y wave because of the similarities in momentum.

If we are to project the W wavelength on to the assumed X wave ending point we come up with a target of $133.3 for the Y wave which would be slightly lower than the ending point of the W wave, which is only natural considering that the X wave is also lower than the starting point of the W wave.

Ultimately in every scenario, the same implies – this would be only either a prolongation of the second wave X or the start of the final Z wave to the upside out of which the current upside movement is the corrective wave.

The target price for the expected decrease would be around $104 area which is where the most significant horizontal support line is below the current one.

Overall Market Outlook

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 21, 2019

Bitcoin BTC/USD Price Analysis

From yesterday’s high at $3789.2 the price of Bitcoin has fallen by 5.4% as its currently being traded at $3585. The price of Bitcoin reached $3839 at its highest point over the weekend but as that move to the upside was corrective in nature another downfall as a trend continuation occurred.

The second X wave from a Minor WXYXZ correction ended which is why this current downside movement is most likely the final move out of this correction that is in play from 24th of December.

Looking at the hourly chart you can see that the price fell below the 0.382 Fibonacci level which served as strong support and below the minor horizontal support level at around $3630 (interrupted purple line) which was the support level from the previous range which resembles the current one.

Judging by my Elliott Wave count there is one more move to the downside before this current downfall ends but it’s most likely not the end of the Minor correction and the ends of the Z wave. After the price falls further to the 0.236 Fibonacci level is going to undergo a correction much like it did last time on a higher time-frame fractal.

After this expected correction develops, further downtrend continuation would be expected and the end of the Minor WXYXZ correction who’s price target I have projected to the next horizontal support level in line which is at $3367.3.

Ethereum ETH/USD Price Analysis

From yesterday’s open at $126.66 the price of Ethereum has fallen by 6.36% as its currently being traded at $118.3. The price went further down to $115.74 today, but since, the price has recovered slightly.

Looking at the hourly chart you can see that the price action has created a similar pattern to that of Bitcoin as the market is strongly correlated. But unlike in the case of Bitcoin, the price of Ethereum hasn’t gone below its minor horizontal support level of the prior range or the ending point of the Minor wave Y.

The price did go below the 0.5 Fibonacci level but has managed to come up above it today, since recovery of 2% has been made. Now we are likely seeing another correction of a lower degree which is why most likely we are going to see a further decline from here for the price of Ethereum.

Like in the case of Bitcoin, the price of Ethereum is in a Minor WXYXZ correction and is currently in the last stage of that correction as the Z wave started developing. The target price for the ending point of the Minor correction is at $104 but we might not see a straight downfall from here as the price of Ethereum is most likely going to find support on the 0.382 Fibonacci level at first, start recovery which is going to retest the broken support probably the one at the minor horizontal level at $115.7 and then continue its downside trajectory for a one more low.

XRP/USD Price Analysis

On yesterday’s open the price of Ripple was at $0.33632 from where it decreased to $0.31813 at its lowest point yesterday which was a 5.31% drop. Currently, the price is being traded around $0.32214 as some recovery has been made.

The price went even further today as it came to $0.32694 at its highest point today but only as a spike to retest the broken support for the resistance which you can see on the hourly chart below.

Since the horizontal support zone from $0.3281 to $0.32702 was broken with strong momentum and the price was quickly rejected there with immediate retracement afterward we can say that it is only a minor consolidation before further downside.

As like in the case of Bitcoin and Ethereum, the price of Ripple has also ended its second X wave most likely and the Z wave to the downside has started but the expected decrease isn’t going in a straight line.

We are most likely going to see the price heading further sideways after this current decrease has ended and maybe even a bit of upside to the vicinity of the Minute Y wave as the Minute correction could get prolonged by two more waves X and Z.

If this is true the sideways movement could confuse many into believing that the Minor correction ended so in order to have a confirmation we can say that if the price goes above the Minute Y wave the Minor correction ended, but if the price goes further below after the expected decrease from this current range we can say that the Z wave still hasn’t ended.

The target price for the Z wave is at the horizontal support level around $0.3 area which you cannot see on the above chart but is the ending point of the first impulsive move that we have seen from 16th of December when the price of Ripple came up from around $0.287 to $0.4461.

Bitcoin Cash BCH/USD Price Analysis

The price of Bitcoin Cash has declined by 7.5% yesterday when it came down from $129.5 at its highest point to $119.8 at its lowest. Currently, the price is being traded at $121.8 as a minor recovery has been made in which the price came up to $123 at its highest point today.

Looking at the hourly chart you can see that the price of Bitcoin has is in a Minor WXYXZ correction after an impulsive move from 16th of December when the price of Bitcoin Cash came up from $74 to $230 at its peak.

As the impulsive move ended a correction occurred out of which I believe that the current downside movement is the final wave Z. Like in the case of other cryptos the price of Bitcoin Cash previously ended the second wave X on the Minute Y wave when the increase to the upside was made over the weekend but the increase hasn’t exceeded the ending point of the Minute W wave which is why after a steady decline occurred a more aggressive one followed.

Since the price is currently in a minor range a breakout to the downside should be expected from here and a further downfall. The target price for the Z wave would be at the horizontal support around $104 but we might not see a straight downfall as the price might undergo some further sideways movement after the expected decrease.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 18, 2019

Bitcoin BTC/USD Price Watch

From today’s open at $3723 the price of Bitcoin fell to $3666 which is a decrease of 1.48%. From there it started increasing again and came up to $3700 before another downfall and is currently sitting at $3672.

The price is still above the 0.382 Fibonacci retracement level which was retested today for support after which the move to the upside was made indicating that the buyers are there and are willing to hold the price again.

As the price previously interacted with the horizontal resistance when it came up to the levels of today’s around $3723 which is the previous lower high ending point, and since it got rejected, showing that the sellers are still present at those levels the price has entered another move to the downside which could very likely result in another breakout below the 0.382 Fibonacci level and on to the horizontal support at $3631.

Counting the sub-waves of the current corrective structure seen from the increase on Monday we can see that the price action created two corrections with the third one currently in play. As its most likely going to and as another three waves WXY, the Y wave to the downside is expected from here and the first level significant enough for interaction is the mentioned horizontal level which is why it is the optimal target.

After the move to the downside has ended an increase would be expected as seen on Monday. This is the second wave X from an Minor WXYXZ count which is why after it ends the price of Bitcoin is headed for another downfall, as the last wave Z should start developing to the downside.

Ethereum ETH/USD Price Watch

From today’s open, when the price of Ethereum was at $126.2 the cryptocurrency has depreciated in value by 3% as its currently being traded at $122.32. The price at first fell to those levels but spiked up again to $124 before going back down again.

This kind of price movement is logical considering that the price is getting close to the end of the current consolidation which can be seen as a descending triangle. As you can see from the 15 min chart the price fell again to the triangle’s support line and is again putting pressure on the level with a breakout to the downside looking imminent.

If the Y wave from the second Minuette correction (orange brush) ended than the third correction to the downside has begun (green brush), if the correction gets prolonged by two more waves we are going to see more sideways movement before the start of the third correction which will lead to a breakout to the downside.

This expected third correction is expected due to the fact that it would most likely be the end of the Minute X wave and since after it ends a move to the upside is expected, the correction of a minor degree that is currently developing has to end on the downside on the support levels.

The target for the expected decrease depends on the current second correction and if it ends on the Y wave or on the Z wave. If the correction ended on the Y wave then the target would be higher, and if it gets prolonged by two more waves I would expect it to go lower. In either way, I wouldn't expect it to go below $118.

After this ends, I would be expecting another increase as we have seen on Monday – an impulsive move to the upside reaching the levels of the previous high or potentially even going a bit higher which would be the end of the Minor second wave X.

XRP/USD Price Watch

From today’s open at $0.3345 the price of Ripple has fallen by 2% as its currently being traded at $0.32814. Today’s open was an interaction with the descending triangle’s resistance line so after the interaction ended as a rejection the price started its downward trajectory again and has currently gone below the first horizontal support level at $0.32810 and is likely heading for the next one at $0.32702 which is the lower support level from the minor support range.

Looking at the hourly chart you can see that the price action has been stuck inside a descending triangle since the start of the week and has been bouncing inside and is now close to its apex which indicates that a breakout is to be expected which means that a move with a greater momentum is likely about to happen any time soon.

Like in the case of other cryptos, as the market is strongly correlated we are going to see a breakout to the downside in which case I wouldn't expect the price to go below $0.32216, before another increase like the one we have seen on Monday.

The expected target for that increase would optimally be at the horizontal support at $0.35382 but could end significantly lower if the price continues falling down from here.

This would be the end of the second wave X which means that further downside is expected for the price of Ripple after this sideways movement ends.

Bitcoin Cash BCH/USD Price Watch

From today’s open at $129.5 the price of Bitcoin Cash has fallen down to $126 where it is currently sitting which is a decrease of 2.88%.

Looking at the hourly chart we can see that the price has fallen back to the levels of the support line from the triangle that started forming from Monday when the price of Bitcoin Cash increase by 10% coming up to $135.3.

What has been stated for other cryptos is true for the price of Bitcoin Cash – a minor downfall is to be expected followed by an increase of the similar magnitude like the one we have seen on Monday, which would be the end of the second wave X from a WXYXZ correction of the Minor count.

The target for the expected minor decrease would be to $122.3 where the x wave from a Minuette correction is (orange). The price target for the expected increase would be at around the hight of the previous high which would be at $135.3.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, EOS): Jan 17, 2019

BTC/USD

From today's open at $3631 the price of Bitcoin has been increasing and came up to $3685,5 and even spiked higher to $3725 but the spike ended as a wick on the hourly chart. The price is currently at $3668.8 which is an overall increase of 1.04% so far.

Looking at the hourly chart you can see that I have labeled what was previously labeled as a 12345 wave as the second wave X as the wave structure looks corrective and not impulsive, although the structure will end up going a bit up as expected. This is because if this is the second wave X it is likely a three wave correction out of which the current triangle is the wave X, and another increase like the one that occurred on Monday is to be expected.

The price attempted a breakout in the previous hour but the price was quickly pushed back inside the territory of the triangle but hasn't come down below the triangle's support line. As it even didn't go past the 0.382 level we might see the support holding which would result in the immediate breakout to the upside one the current hourly candle. This was the third interaction with the triangle's resistance which indicates that the buyers are putting pressure from the upside but since the level was respected the sellers have managed to be as aggressive which lead to the formation of the symmetrical triangle.

Since the breakout point is getting close, as the price is close to the triangles' apex, it will be also likely that the sellers are going to push the price down below the 0.382 Fibonacci level and the triangle's support but only for a quick dip which would activate more buying momentum that is needed for expected recovery and the ending point of the second wave X.

In any way after this minor recovery ends I would be expecting more downside for the price of Bitcoin as this was a continuation of the correction which is developing since 24th of December when the price of Bitcoin came up to $4374.

ETH/USD

On Monday’s open the price of Ethereum was at $117,8. This was the end of the previous down move when the price of ETH fell from $165,5. Since that low, the price started gaining some momentum and came up to $132,48 which was an increase of 14.42%

As it encountered resistance the price started pulling back at first slightly and then it dropped fast from $132.16 to $120.15 which was a drop of 9.42%. Now that the price pulled back and managed to stay above the ending point of the first Minuette impulse wave we are likely going to another increase to the upside.

If this wave was not impulsive the price could drop to the levels of the beginning of the move which was on the horizontal support level at $116 or where the ending point of the Minor W wave as the prior low.

In either way, after this last minor pullback, I would be expecting another move to the upside and the interaction with the downtrends resistance line before the start of the final move the downside in this Minor WXYXZ correction.

This Minor WXYXZ correction is only the second wave X from a higher degree count which means that after it ends I would be expecting another impulsive move to the upside like we have seen previously when the price of Ethreum went from $83 to $163 in one go.

XRP/USD

From yesterday’s open at $0.33116 the price of Ripple has increased at first coming to $0.3379 at the highest point yesterday from were it started decreasing again and fell to $0.32831 today. From there the price continued moving upward and is currently at $0.33354 which is on the levels of today’s open.

On the hourly chart, you can see that the price of Ripple has been bouncing off of the triangle’s support and resistance levels since the price started a minor correction after the increase we saw on Monday.

Currently, it is close to the triangle’s resistance so another minor pullback is expected as the correction inside of the triangle looks five wave-ish. After the price pulls back and interacts with the triangle’s support once again I would be expecting an upward move as this is most likely the second wave X from the Minor count correction which started after the price of Ripple increased to $0.45574.

The target for the expected increase would be at the most significant horizontal level at $0.403 which serves as strong resistance and is most likely getting retested before the price can continue its downward trajectory for one more time before the correction ends.

A breakout to the downside from the current triangle in which the price action is bouncing for the last couple of days as the Minuette Z wave could be another three wave correction to the downside, but in that case, I wouldn't expect it to go below the prior low level which is at $0.32.

EOS/USD

Since Monday when the price fell to $2.26 at it's lowest point from the prior downtrend move, the price has started increasing with strong momentum as it came up by 11.45% to $2.52. From there as the price encountered strong resistance a retracement occurred as the price is currently sitting at $2.447.

Looking at the hourly chart, you can see a similar projection like in the case of Litecoin as the market is strongly correlated. The current upward movement has formed an ascending wedge, which is most likely going to end as a breakout to the downside with further downtrend continuation as it is definitely corrective in nature. The impulsive move to the downside that we have seen last week is the third wave Y, which means that the ascending wedge structure is the 4th wave X, and is the reason why more downside should be expected as the 5th wave Z to the downside is most likely going to start after one more minor increase.

The target for the expected minor increase would be around the 0.236 Fibonacci level or at where the most significant resistance is. After it ends the wave Z should start, which will lead the price down and the first target for its ending point would be on the next horizontal support area from $2.11-$1.94.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 16, 2019

BTC/USD

From yesterday’s open at $3761 the price of Bitcoin fell at first to $3721 and started increasing again, but when it came back to around the levels of the open it started decreasing again and this time with stronger momentum.

The price fell to $3640 yesterday which is the prior range resistance now retested for support as the price once again started moving to the upside and is currently sitting at $3698 which is an overall decrease of 1.7% from the yesterday’s open.

Looking at the hourly chart you can see that the price has fallen a bit further down than I was expecting it, but it only confirmed my EW count as it came to the proximity of the ending point of the 1st impulsive wave.

As the 5th wave develops I have lowered my initial target as the 4th wave ended lower, which is why now I believe that the price isn’t going past the 0.5 Fibonacci level as it encountered some strong resistance and a dip pullback indicating that the momentum behind the upward has diminished significantly.

For this reason, I don’t believe that the price is heading above the 0.5 Fibonacci level which serves as strong resistance, so another attempt ending as a rejection seems most likely.

After the rejection, I would be expecting further downside for the price of Bitcoin potentially below the 0.236 Fibonacci level, as this upward move was most likely a minor correction to the upside from this last downtrend.

ETH/USD

From yesterday’s open at $132.2 the price of Ethereum has fallen at first by 9% at its lowest point yesterday when it came down to $120.25. From there the price started increasing and is currently sitting at $125 which is an overall decrease of 5.83%.

On the hourly chart, we can see that price fell below the minor support line but since it started increasing again it continued above it and spiked all the way up today to $130 area but came down since, with the equal momentum as it came up and found support on the minor support level.

This would probably lead to further increase as the 5th wave develops and would either go up to he levels of the 3ed wave, which would bring the price of Ethereum back to around $133.4 or go a bit further up.

Optimally I would be expecting an interaction with the downward channel’s resistance line before the price starts moving to the downside again.

We are most likely going to see further downtrend continuation as this move to the upside looks like it was a corrective move. The momentum was not supported and judging but the large almost same size red candle, the sellers are as equally strong.

If the downtrend continues we are likely going to see the price of Ethereum land on the next strong horizontal support level that can hold the momentum behind the downward pressure is around $104.

XRP/USD

From yesterday’s low at $0.32688, the price of Ripple has been increasing today and came up to $0.34181 at its higher point today, but quickly fell from there as the hourly candle closed at $0.338.

From there the price continued moving to the downside and is currently sitting at $0.334 which is an overall increase of 2.37% from yesterday’s low.

On the hourly chart, you can see that the price action created a symmetrical triangle as the price consolidates after the drop from around $0.4 area. After the consolidation ends I would be expecting a breakout to the upside as the fifth impulsive wave should start.

The 5th Minuette wave could end up at $0.35382 horizontal resistance level as it's currently below it so a retest of resistance looks very likely. However, since the price action is indicating that the momentum is decreasing we can see the price go only up to the ending point of the 3rd wave which is at $0.34439 were a minor horizontal resistance level is.

Y wave from a higher degree count is almost complete but we may not see the expected increase before another low, as this current upward move looks corrective after all so it would probably end as the second wave X.

BCH/USD

From yesterday’s low at $124.8 the price of Bitcoin Cash has increased by 2.89% as its currently being traded at $128.4. The price did go further up today when it spiked up to $130.5 but that was only for a short time period as it came back down in the same hour as the candle closed at $129.

On the hourly chart, there is a clear sign that the price of Bitcoin Cash is heading for a further increase from here as it previously broke out from the descending range and has now come down to retest it for support on the 4th wave.

The price created a cluster below the current minor descending resistance line as it attempted to move upwards. Since the minor retracement occurred and the price found the support we are now likely going to see the further upward movement as the wave 5 should start developing.

The 5th wave could go up to the horizontal resistance level at $155.9 in theory but I don’t believe that this is likely since the momentum is needed for the increase and considering that the momentum is slowing down we only might see the increase to the minor horizontal resistance at $136.6 which would be at the peak of the today’s increase since it retested the horizontal level for resistance.

Author: Nikola L

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Crypto Price Analysis (BTC, BCH, ETH, XRP): Jan 15, 2019

BTC/USD

On yesterday’s open the price of Bitcoin was $3580. From there the price started increasing and has spiked up to $3801 at its highest point but it came back down and the hourly candles closed at $3770. Currently, the cryptocurrency is being traded at $3741 which is only 0.5% less than on today’s open as the price is in a minor retracement after the increase.

Looking at the hourly chart you can see that the price started retracing after the rejection at the 0.5 Fibonacci level. As the wave structure looks impulsive, I believe that the move to the upside has one more wave to go. That is why after the retracement I would expect the price of Bitcoin to go up to $3880 or even higher.

The retracement will most likely end on the 0.382 Fibonacci level, which would mean that the price could go further down to $3666 before increasing for another 5-6% measured to the $3880 level, but the price could increase further potentially all the way up to $3994.4 horizontal resistance before this move has ended.

Looking at the Elliott Wave labelings you can see that price is in the second stage X of the Minor WXY (orange), which means that if the X wave has ended on the Y wave of the Minute WXY (dark green), we are now seeing the start of the third Y wave impulsive move to the upside, which could push the price of Bitcoin higher than the previous high at $4367. But the Minute WXY might get prolonged by two more waves, which could mean that the current Minuette 12345 move to the upside is the second wave X and that another Z wave to the downside is to develop afterward.

ETH/USD

On yesterday’s open the price of Ethereum was $116.1 which is the horizontal support level or the prior low or where the minor W wave ending point is. From there the price started increasing and it first came up to $120 and fell to $118.9 from where it spiked up to $134.51 at its highest point yesterday.

Since that high, another minor retracement has occurred and currently, the price is again in an upward trajectory and is sitting at $131.63 which is an overall increase of 13.45% measured from yesterday’s open.

On the hourly chart, you can see that the price has entered the territory of the prior range going past its resistance and the current retracement looks like it will fall back to the support line of that range retesting it for support.

The price came down today for interaction with the $127.53 level so we might see another increase soon as the I would be expecting that the price goes to the support line of the ascending channel which was broken out of previously which would be around $141.

According to my Elliott Wave count, the price has ended the Y wave from a Minor WXY (green) so if the correction isn’t prolonged by two more waves we are seeing the start of another impulsive move to the upside which would be the Y wave of a higher degree and could bring up the price of ETH up to $188.

If the correction gets prolonged by two more waves, this would be the second wave X of a Minor degree and would then result in further downside as the Z wave starts and could lead up to downfall to $104 before the start of the expected impulsive move in which case the target for the increase would be significantly lower.

XRP/USD

The price of Ripple was at $0.3215 on yesterday's open. From there we have seen like in the case of Bitcoin and Ethereum, at first a minor increase with a minor retracement and then another increase with stronger momentum to the upside when the price reached $0.348 at the highest point.

Since the high, the price has been pulling back steadily and is currently again in an upward trajectory sitting at $0.3383 which is an overall increase of 5.37% so far.

On the hourly chart, you can see that the price has spiked to the minor horizontal resistance level from the prior range and came back, closing the hourly candles below it. The price still hasn't reached the lower level of the prior range. That is why I expect it to go a bit lower even though a minor interaction did happen before continuing its upward trajectory again. As the upward move looks impulsive I would expect another increase from here to the resistance line of the next range $0.35382 at least to $0.37 at max.

But when the increase ends I would be expecting to see more downside for the price of Ripple as the current move is most likely a corrective wave to the upside before a continuing for another downside move, which would be the end the Minor Y wave.

BCH/USD

Yesterday the price of Bitcoin Cash was $124.2 at the open and from there it fell at first but not as much as it came down to $122.4 before spiking up like the other cryptos and came to $136.7 at its highest point yesterday.

From there the price started declining again as another minor retracement occurred and it looks like it has ended, as the price is once again in an upward trajectory and is currently sitting at $131 which is an overall increase of 5.13%.

On the hourly chart, you can see that the price has encountered the resistance at the prior range resistance which is why it has started pulling back. As the wave structure looks impulsive I believe that there is one more wave to the upside before another minor retracement but if the Intermediate X wave has ended the price of Bitcoin Cash is heading for another increase as we have seen before this last downtrend.

Projecting on the length of the Intermediate W wave on to the presumed X wave ending point we come up with the target price of $268. But like in the case of other cryptos that we have analyzed this increase that we are currently seeing could be the second wave X of the Minor correction and the X wave of a higher Intermediate count would end up much lower before we see the expected increase.

In that case, the target price for the Intermediate Y wave would be significantly lower as it depends on the ending point of the X wave.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP): Jan 14, 2019

BTC/USD Price Analysis

Over the weekend the price of Bitcoin was in a sideways movement but was decreasing overall. The price held above the 0.382 until yesterday when the price fell from $3706 to $3578.

Today the price started increasing again and has started slowly at first but spiked up in the last couple of hours up to the 0.5 Fibonacci level when it reached $3800. Currently, the price is sitting at $3758 which is higher than the Friday’s open when the price of Bitcoin was $3730.

As the five-wave move to the downside ended we are now seeing a recovery to the upside, but it is still uncertain if the move would be an impulsive one or just another corrective move.

The Y wave ended so what we are seeing currently is either the second corrective wave X or the start of another impulsive move like we have seen before this correction when the price of Bitcoin came from around $3230 to $4370.

If this is true, then the price of Bitcoin could see a significant increase and a period of recovery which could lead the price of Bitcoin above the prior high level at $4370. Strong momentum is to be seen in order to suspect that and we have definitely seen it today, but since it was only one green candle it is still unclear whether or not the momentum will continue on.

If the price of Bitcoin continues past the 0.5 Fibonacci level and manages to stay there I would consider that the correction has most likely ended and that we are seeing the start of another impulsive move.

If the price, however, falls back below the 0.382 Fibonacci level, then I would consider the current upswing to be as another minor corrective move before further downside.

ETH/USD Price Analysis

From Friday’s open at $131.4 the price of Ethereum has fallen over the weekend by 11.64% to its lowest point on Sunday when the price was at $115.43. From there the price started recovering and was $119.8 at today’s open but quickly after that, it started increasing fast and has spiked up to $134.59 at its highest point today, and has retraced slightly, currently sitting at $133.11.

On the hourly chart, you can see that the price fell to my projected target for the wave Z which was the third Minute correction after the initial Minor degree impulsive move when the price of Ethreum rose up by 86.56% coming from $83.11 to around $155.

As the three Minute corrections are the WXY wave from the higher degree count we have likely seen the end of the correction with the current increase being the third impulsive move to the upside which is the Y wave from the Intermediate count in which case, by projecting the Intermediate W wavelength on the the apex of the Intermediate X wave we come up with a target of $188.43.

This might not be true as the Minor WXY correction which is the X wave from an Intermediate count might get prolonged by two more waves in which case the current increase that we are seeing is the second wave X which is also corrective in nature.

As the price previously broke out from the ascending channel I am now expecting a retest of its previous support for the resistance. If the resistance is there and the price gets rejected I would be most likely viewing the current up move as a correction, but if the price goes down from here, finds support on the descending structure support line and continues inside the territory of the ascending one I would be most likely be viewing the current move as the impulsive move to the upside.

XRP/USD Price Analysis

The price of Ripple has been increasing today’s also as the market is strongly correlated. On Friday’s open the price was at $0.33832 and from there fell to around $0.32 area which was its lowest point on Sunday and a 5.38% depreciation in value.

From there the price started increasing today and has come from $0.3219 to $0.348 but pulled back quickly below $0.343 where it encountered resistance and is currently trying again to go past the level as the current green candle is at $0.34320.

On the hourly chart, you can see that I have labeled in a bearish manner unlike in the case of Ethereum as to point out the differences in projection. Moreso, the price of Ripple may offer some clues as to where the market is heading next.

As you can see a similar chart pattern is currently occurring to that when the price of Ripple started impulsively increasing and came up from $0.2872 to $0.35382 where the horizontal resistance was. If we are to see a similar move develop the price of Ripple could go up to around $0.37123 area, but it would only be the corrective wave X from the third Minute correction which would mean that another decrease is coming next before this correction ends.

The price has encountered some resistance at the prior range resistance and is currently forming a cluster around it, with the current candles having wick from both sides, which indicates that the buyers are trying to keep up the momentum going while sellers are putting pressure.

If the price doesn’t continue its upward trajectory I would be expecting immediate pullback the the levels on which the price has started the increase which would be at around $0.3277 or a formation of some consolidative pattern like a triangle.

As the market is correlated this may mean that the other cryptos are experiencing the same and that the corrective counts that have been labeled in the case of Bitcoin and Ethereum are going to be prolonged by two more waves.

In either case after the end of the current Minor correction, I am expecting another impulsive increase which is also corrective in nature. This means that the upward movement is only a correction before further trend continuation and more downside for the cryptocurrency market in general but that is more of a long-term perspective.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 11, 2019

Bitcoin BTC/USD Market

From yesterday’s open at $4094 measured to the current levels of $3732.2 the price of Bitcoin has decreased by 8.85%. The price went further down yesterday to $3688.5 but since it interacted with the horizontal support level it started consolidating and recovering and is currently in a sideways but upward trajectory above the horizontal support.

Looking at the 15 min chart you can see that the minor ascending channel has started to which looks like a lower leg cluster on a higher time-frame. The price has gone yesterday below the horizontal support at $3994.4 and the ascending channels support line when it started creating a lower leg in the mid range which I said looks like a bearish pennant.

After the price broke out from the bearish pennant it continued its downward trajectory and has come down to the next horizontal level that serves as a support point which is at $3692. The price has entered the descending channels territory and is now likely heading up for a retest at the resistance line.

My Elliott Wave count implies that the upside movement inside the current ascending channel is the 4th wave from the impulsive move to the downside as it is the last Y wave from a higher degree corrective count, so another move to the downside is expected when the price ends the current consolidation.

In theory, the price could recover all the way up to $3994.4 as the 4th wave develops but I don’t believe that it's likely. More likely we are going to see a rejection around the descending channels resistance line which was well respected in the past and strong momentum needed for a breakout on both sides. The target for the 5th wave would be around $3550-3450 area but it could continue on further to the downside.

Ethereum ETH/USD Market

From yesterdays open at $154.29 the price of Ethereum has decreased by 15.86% as its currently being traded at $129.34. The price went further down yesterday when it came from the opening price at $130.9 to $125 at its lowest point, but has since recovered slightly.

On the 15 min chart, you can see that the price fell steeply and quickly down to the ascending wedge support line at first and went slightly below it which happened in the past but the price managed to pull up above it which is what didn’t happen this time as the price continued moving downward.

Currently, the price is stuck in a range between the resistance point of the previous retracement descending trendline. The move to the downside has been labeled as the WXYXZ as I believe that it will end as a five wave move similarly like in the case of Bitcoin.

Now that the price is putting upward pressure on the encountered resistance the buyers are likely going to push the price back to the level around the rising wedge support line which now serves as resistance for a retest.

That would be the 4th wave of the third Minute correction which is why I would be expecting another move to the downside as the 5th corrective wave should develop. Its target would potentially be to the levels of the prior low of the first retracement labeled as the minor W at $117 when the price of Bitcoin retraced from $157.

It could further down to the horizontal support level at $111.27 where the 4th wave from the impulsive move to the upside ending point is. This would leave this whole correction as a Minor WXY which would be an expanded flat with the X wave sticking out above the ending point of the impulse wave.

XRP/USD Market

From yesterday’s open the price immediately spiked up to around $0.4 area and from there quickly started falling after it failed the exceed the horizontal resistance encountered at those levels.

It kept falling throughout most of the day and reached $0.3288 at its lowest point. The price has started recovering since and has been $0.3385 at today's open from where it fell at first to $0.33221 which was the higher low and the first sign of a minor uptrend.

Looking at the 15 min chart you can see that the price broke out from the symmetrical triangle with strong momentum and has gone below the horizontal support level. Now that the price is again in an upward trajectory it is most likely heading upward for a retest of the broken support levels.

The second Minute correction ended so I believe that this is the third one and is likely going to be a three wave correction with the current ascending structure being the second wave to the upside. If this is true, an equal length as the first move is to be projected on the second wave expected apex in order to come up with the target.

Doing so target appears to point at the lower bold black line which is the support line from the descending structure the price action is on a higher time frame but is a significant support level. Considering that the price previously interacted with the descending structure’s upper level on the 5th impulse wave, it is now very likely heading towards it’s lower levels.

This would be the end of the third Minute correction which would constitute the Minor WXY correction after a Minor 12345 impulse wave, which means that a trend continuation is to be expected after it ends.

Bitcoin Cash BCH/USD Market

From yesterday’s open when the price of Bitcoin Cash was at $159, the price increased at first, spiking to $164 but starter falling down fast from there and reached 126.6 at its lowest point today. Currently, the price has managed to stay above the $130 which is an overall decrease of 17.9% measured from yesterday’s open.

Looking at the 15 min chart you can see a similar situation like in the case of Ripple – after an impulsive wave, a correction is taking place and the current move to the downside was the first wave of the third Minute correction or the Y wave from a higher degree Minor WXY.

The price came down below the support point from is why it is most likely heading upward as the X wave develops, but I don’t believe it would go further than the levels of the first minor resistance which is at $142.

From there another decrease is expected around the same length as the first wave which brings the price target at $108.40.

Author: Nikola L

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Crypto Price Analysis (BTC, ETH, XRP, BCH): Jan 10, 2019

Bitcoin BTC/USD Market

From yesterday’s open at $4152 the price of Bitcoin has fallen by 6.7% measured to the current level on which the cryptocurrency is being traded which is at $3874.3.

The price has broken the ascending channel’s support line and the minor horizontal support level at $3994.4 with strong momentum. The majority of the decrease happened from $4130 spiking down to $3843 which is a 6.92% decrease in one go.

Since the price action has formed a cluster which looks like a minor bearish pennant. The RSI is at 23.4% below its lower border of 30% which indicates oversold conditions so I don’t believe that another red candle like the previous one will develop afterward.

The price is most likely going to be consolidating for a while, potentially recovering to $3994.4 level for a retest of resistance but I would expect a downfall from there as this current decline is the start of the Y wave from a Minute WXY correction (dark green).

The X wave from that correction is the Minuette WXY (orange) which was the correction that developed the ascending channel in the first place. Since that correction ended a third impulsive move was to be expected which is what started happening.

The target for the expected decline would be at around $3580 which is the W wavelength projected from the X wave ending point. The price could go further down to the horizontal level at $3369, or it could end above the target around the horizontal level at $3690.

Ethereum ETH/USD Market

On yesterday’s open the price of Ethereum was $152.86. In the next hour, it spiked up to $162.56 but then the hourly candle closed at $157.54. From there the price has declined to the horizontal level at $151.82 where it found support and increased again to $154.6 from where it started crashing down to $132 in just a few hours.

Looking at the hourly chart you can see that the price fell to the support line from the ascending wedge in which it is correcting since the 12345 impulsive moves to the upside when the price of Ethereum reached $155.

The price did go higher but only as it was correcting when the second correction which was the five wave WXYXZ sideways movement to the upside ended at $166. But since this move was corrective more downside was to be expected which is what happened and was confirmed today.

The price is currently slightly below the ascending channels support but we can’t say that a breakout is occurring since the level wasn’t much respected in the past as well and the price came back above it eventually.

Since there were two corrections this move from the last Z wave could be the start of the impulsive move to the downside. From here I would definitely be expecting an increase or at least some consolidation as the RSI was at around 12% at its lowest point and has managed to recover to around 21% where it is currently.

As the price of ETH went below the horizontal support at $151, potentially it could go up to there for a retest of resistance before continuing down.

XRP/USD Market

From today’s open which is also the highest point at $0.3965 the price of Ripple has fallen by 17.2% as it's currently in a straight downfall at $0.32675.

On the hourly chart, you can see that the price is dropping fast, as the second correction ended today when the price came up to the horizontal level at $0.4 and got rejected quickly, which most likely signaled that after a third attempt to break the level there just isn’t enough of a buyers momentum currently, and the selling began.

The RSI is currently at 25.6% below its lower border of 30% which indicates the start of oversold conditions which is why I don’t believe that the price will continue falling for much further.

Like in the case of other cryptos most likely are we going to see now a period of consolidation which may lead up to recovery. As the price broke out from the symmetrical triangle area and the minor horizontal support at $0.3538 we could see the price go back to those levels to retest them for resistance.

The price could also continue falling down further in which case I wouldn’t expect it to go below $0.31.

After these corrective moves are done I would be expecting another major increase like we have seen previously when the price of Ripple came up from $0.29 to $0.4 in one go. But for this we are yet to see and calibrate after the current move to the downside has ended.

Bitcoin Cash BCH/USD Market

From today’s high at $163.9 the price of Bitcoin Cash has decreased by 21.27% measured the lowest level which just happened in the current hourly candle when the price came down spiking to $128.9.

Now the price has recovered slightly and is sitting around $134.5 and went a bit further to $139.8 but started retracing as to establish a higher low which will be determined on the current hourly candle close.

On the hourly chart, you can see that this downfall was to be expected after a correction ended so either another one to the downside started or we are seeing the start of another impulsive move.

As the market is strongly correlated we can see that the chart patterns and the Elliott Wave labelings are similar to the similar point from the previous analysis apply here as well -The price has entered oversold conditions and is currently searching for support on the minor levels it could find.

This situation makes it hard to say what is going to happen next but considering that the price dropped this much in just a few hours we could definitely say that the bears are in control of the market.

From here I am expecting some consolidation and minor sideways movement for the price of Bitcoin Cash before further movement.

Author: Nikola L

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Crypto Price Analysis (ETC, ADA, XMR, ETH, TRX): Sept 24, 2018

 

Altcoins are on a recovery backed by exchange listings, pure optimism and BTC correlation. However, even with the shifting sentiment, Cardano, Tron, ETC and Monero are yet to close above key resistance levels at 12 cents, 2.5 cents, $12 and $150 respectively. Cardano bulls are especially concerned because revival anchors on how buyers react at 12 cents.

Cardano Price Analysis

According to Weiss Ratings, an independent Ratings firm supplying high quality advisory information on financial services based in Florida, Cardano and a host of other coins including XLM are poised to bounce back following their 90 percent correction from 2017 peaks. While this is nothing new—history has it that crypto prices often recover after sliding upwards of 90 percent, their calls are true. Cardano added 30 percent in the last week following strong fundamental and technical combination supporting price. Remember, while ADA is available in many other crypto exchanges, Circle—backed by Goldman Sachs did list it for their wide market base.

Our analysis circles around Sep 21 high volume bar thrusting above 8 cents and cancelling our last Cardano price projection. Then, we remained adamant on our plan until after there were convincing reversals hitting stops at 8 cents.

Sep 21 candlestick did and now at the back of a market wide crypto recovery, sentiment is changing and we recommend buying at spot price with first targets at 12 cents.

Notice that 12 cents is a former support zone now resistance and it’s where the Aug 8 bear candlestick printed triggering a bear break out pattern.

Chances are this revival might be a re-test phase and that’s why stops should be at 7 cents with targets at 12 cents.

Any breach above 12 cents triggers entry of conservative bulls ramping up on dips with targets at 20 cents and later 40 cents all dependent on the speed of loss recovery.

Ethereum Classic Price Analysis

Relative to other coins, Ethereum Classic remain largely inactive with weekly gains at around four percent. A notable move in the last week is the limited gains of Sep 21 even when volumes were high.

Note that ETC prices are still trading below $12 and with the last two days ending up as bears, sellers are technically in charge. In line with our trade plan, our ETC buys will trigger if there is a follow through breaching the $12 resistance level.

If not and sellers end up closing below Sep 21 lows at $11, then a retest phase would be complete—against market wide expectations.

Needless to say, our shorts are only valid if and only if there are dips below at Sep lows around $10.

As such, we recommend a neutral stand until after any of our trading conditions are met—either there is a move above $12 or a dip below $10 signaling trend resumption.

Monero Price Analysis

At the top 10, Monero is surely exposed to more liquidity and attention. While market building or development news is scarce, Monero maintains an uptrend and prices are now trading above Sep 14 highs at $120 triggering low time frame longs.

In any case, prices are up five percent in the last week and after bouncing off the main support trend line, we recommend buys on dips with stops at $110 and first targets at $150 or higher depending on how buyers react at $150—another key resistance level.

All things constant, Sep 5 candlestick is a reference point and conservative, risk-on traders should wait until there are solid reversals above $150 before engaging bulls.

Ethereum Price Analysis

Slow gains in ETH meant XRP did temporarily usurped it as the second most valuable coin in the world. Anyhow, Ethereum is back to second place. In other news, Ethereum’s Constantinople test-net under Ropsten should go live next month though there are no set dates for the exact launch. Only block number approximates are available with some pointing out 4,230,000 as the probable activation date on GitHub.

Thanks to Sep 21 super gains, Ethereum prices are up seven percent in the last week. But even with that, the follow through are weak to say the least.

Not only do we have two bear candlesticks damping Sep 21 surges but it appears as if prices are reversing right at $250, an important resistance level in our analysis.

Because of this development, we suggest taking a neutral stand until after there are surges above $250—triggering short term, aggressive longs building on last week resurgence.

On the same vein, conservative bulls should add longs only when there is conclusive, high volume close above Sep highs at $300. Thereafter, ETH bulls can buy on dips with targets at $350 and later $400 important resistance levels.

Tron Price Analysis

The area around 2.5 cents is clearly important for TRX bulls. Not only are they finding resistance threatening our previous TRX long calls—following the break and close above Sep 17 highs at 2 cents, but 2.5 cents is Sep 5 highs—a high volume bearish engulfing pattern.

If anything, last week’s 20 percent gain is largely attributed to Sep 21 gains but if that was a burn out move pointing ends of a pull back, then we might end up with trend resumption if there are moves below 2 cents today.

It’s because of this that our Tron price prediction relies on how prices react at 3 cents—our main resistance line. Any close above this level automatically triggers risk on bulls on every pullback in lower time frames targeting 4 cents and 5 cents.

Nonetheless, we remain bullish but today's and this week’s move depends on how deep prices correct as they build up for higher highs in Q4.

Author: Azeez M

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Crypto Price Analysis (BTC, BCH, XMR, EOS, TRX): Sept 21, 2018

The long term, range bound movements in Bitcoin, Bitcoin Cash, EOS and Monero isn’t good for bulls—of course not for short term bulls. More often than not, the strong market involvement and consequent depreciation of Sep 17 price action influences price action.

Of the five coins under review, Tron is already on the uptrend but its momentum sustenance is of great important to investors going forward.

Let’s have a look at these charts:

Bitcoin Price (BTC) Analysis

Latest Bitcoin News

The open-ended nature of Bitcoin ledger is beneficial for regulators and on numerous occasions, it has been clearly demonstrated that banks are indeed the main perpetrators of money laundering and not Bitcoin as widely believed.

In fact, it has been reported that Danske Bank through its branch in Estonia is responsible for executing suspicious transactions between 2007 and 2015 which has now been showed were proceeds of criminals. The bank has been accused of laundering $234 billion. That’s $34 billion more than the total cryptocurrency market cap.

Complementing this are reports by Europol that Bitcoin are in fact not used for funding terror related activities. In a 78-page report titled Internet Organized Threat Assessment 2018, investigators concluded that banks are still the favorite corridors for terrorist to carry out their devastating attacks.

Bitcoin Price Prediction

At current prices, Bitcoin is up four percent and trading above Sep 17 bear candlestick. Still, the three-month support line acting as the first level of support is buoying prices now that prices are $700 above the main support line at $6,000.

All in all, the side way movement of price isn’t helping day traders desirous of quick sharp movements in either direction.

Going forward and in line with our previous Bitcoin trade plan, caution should precede action and, in that case, we suggest both set of traders to initiate trades if and only if there are movements above $6,800 or $7,200.

Bitcoin Cash (BCH) Price Analysis

Latest Bitcoin Cash News

It’s a hacker strike once more and this time round, a Japanese cryptocurrency exchange–Zaif will have to compensate users following the loss of $60 million worth of Bitcoin, MonaCoin and Bitcoin Cash.

Tech Beau the company that owns the exchange isn’t willing to comment on the hack further infuriating investors who now have solid reasons to believe that hack might after all be because of Zaif carelessness.

Zaif has a wide customer base and though not the largest exchange, it’s a go-to platform for traders wishing to investors on a variety of altcoins.

Bitcoin Cash Prediction

The ramification of the hack is yet to show on price and Bitcoin Cash prices are up 12 percent in the last day.

All in all, the reduction in volatility means our last price prediction holds true since BCH is literally trading within a tight $100 with strong support at $400 and bull triggers at $500.

Needless to say, the lack of consensus on upcoming Bitcoin Cash fork scheduled for Nov 18 could weigh negatively on price.

But before then, we recommend risk off traders to load on pull backs as risk off traders tap the overall resurgence in price.

EOS Price Analysis

Latest EOS News

Block one did release the latest Version of the EOSIO blockchain—1.3.0.

The upgrade includes fixes to how full nodes syncs as the network expand by introducing Replay and Resync and introduction of Trusted Producer Light Validation.

On top of there is wabt, a set of WebAssembly tool.

EOS Price Prediction

Like the rest of the markets, EOS is on a recovery path and in the last 24 hours, the coin is up 11 percent and trading above the $5.5, minor resistance level.

As reiterated in previous EOS trade plan, any move above $5.5 shall trigger short term bull traders eyeing $7.

These trades have been executed now that the whole market is on an uptrend with EOS long traders keen on reversing Sep 17 losses.

Safe stops should be at $5 but once prices edge past $7, bulls can load up with ambitious targets at $15.

Tron (TRX) Price Analysis

Latest Tron News

After getting the much needed support from Binance and Bittrex, Tron is now setting their eyes on Europe and looking to expand.

They recently got a boost from BitBay, the largest exchange in Poland where traders would exchange TRX with BTC, ETH and a couple of other coins as USD, Euro and Polish Zloty.

Tron Price Prediction

Exchange listing is obviously exposing TRX to extra liquidity and yesterday’s break and close above 2 cents was largely expected. From the chart, TRX added 11 percent and that was enough to confirm our previous TRX trade plans.

Then, our trading relied on how prices would react after consolidating following the whipsaws of Sep 17 and 18. It is now clear that that was the much needed follow through now that market participants are pushing TRX towards 3 cents and later 4 cents.

On the cautious end, counter trades that erase yesterday’s gain  retesting supports at 1.8 cents might open a flurry of sell order driving prices towards Jan 24 lows.

Monero (XMR) Price Analysis

Encouragingly, Monero buyers now have an upper hand now that they are trading above $120 activating short term Monero bulls aiming for $150.

Nonetheless, notice that while yesterday ended up higher, the fact that prices were loosely held within Sep 17 high volume bear bar is an indication of the underlying damping trend of the last eight months.

Currently, buyers now have the upper hand going into the weekend. Moving forward, bulls could thrust prices above $150 towards the $200. Considering the break out, safe stops should be at $110.

Author: Dalmas N

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Crypto Price Analysis (XMR, ETC, ADA, TRX, ETH): Sept 20, 2018

The last few days have seen increased volatility and even in the midst of all that, altcoins haven’t mustered enough momentum to drive prices above key resistance levels. Cardano is trading below 7 cents despite yesterday’s bulls which eventually culminated in an inverted hammer while TRX, Ethereum Classic and Ethereum are range bound.

Let’s have a look at these charts:

Cardano Price Analysis

Though there were temporary flashes of Cardano prices above 7 cents, the mere fact that prices quickly retracted means the pump wasn’t backed by strong market participation.

Anyway, prices did slow do back to within the past eight days trading ranges cementing our previous Cardano trade plan.

If bears continue to reign supreme and we see price Cardano prices trending below 6 cents, the lower limit of our trade range, then we shall recommend moving stops to break even and letting this trade run to new lows until after strong Cardano price revival patterns print.

At the moment, prices are stable and hovering around 7 cents.

Ethereum Price Analysis

Latest Ethereum News

Weiss Ratings, an independent ratings firm has some rather bold claims fading those of Tim Draper. In a tweet, the firms said Bitcoin is a “one-trick pony” and it shall lose more than 50 percent of it’s market share to Ethereum. Remotely, this might be true but Bitcoin is by far the most capitalized coin in the world with superior hash power.

#Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, due to it offering more uses and being backed with superior #blockchain technology. We completely agree – unlike #BTC, which is a one-trick pony, the limit of ETH’s application is sky itself.

— Weiss Ratings (@WeissRatings) September 18, 2018

However, considering the diverse user case application as dApps and Smart contracts, their clams may after all be true. All things constant, Ethereum is better placed to implement scalability solutions than Bitcoin whose developers consider taking a conservative, measured approaches before incorporating BIPs.

Ethereum Price Prediction

Overly, Ethereum prices are volatile and moving within a tight $60 range with limits at $170 and $230 on the upside. All in all, Sep 17 and 18 opposing surges means there are no meaningful gains with ETH registering losses in the last day.

Needless to say, in a bear market, Sep 17 bears are likely to follow through as they drive prices below $170 towards $150 and later to $75.

Nonetheless, like we laid out in our last Ethereum price analysis, optimists should first wait until there are solid gains above Aug lows at $250 before loading longs on dips with targets at $300 and $400.

Ethereum Classic Price Analysis

Sep 5 is significant and anchors our Ethereum Classic analysis. While the candlestick saw huge single day declines, consequent bars did move within tight trading ranges typical of aftermath of heightened volatility.

All in all, sellers are in charge and unless otherwise there are moves above Sep 17 bearish engulfing pattern, we suggest selling on every high with stops at $11 and first targets at $8 and later $5.

Any move above $12 accompanied by unusually high volume cancels this bear projection in line with our previous Ethereum classic price analysis.

Tron Price Analysis

Latest Tron News

Binance has listed the TRX/BNB trading pair.

Tron Price Prediction

Still, TRX prices are range bound and trading below the 2 cents bull trigger line despite high volatility of Sep 18.

Nonetheless, the failure of higher highs syncs well with our previous stand and if it persists, then pressure will be on TRX and we might actually see prices bottling below the lower limit of our trade range at 1.8 cents.

However, should there be a reprieve with prices breaching 2 cents at the back of high volumes and wide trade ranges, then we recommend buying on dips with targets at 3 cents.

Before this happens, we suggest taking a neutral stand while aware that any dip below the double bottom or Aug lows will most likely drive prices towards the ideal bear targets of Jan 24—TRX ATLs.

Monero Price Analysis

A two percent gain in the last day means prospects of higher highs holds. Though it was far-fetched considering the general decline of Monero prices in the last eight months, rejection of prices at the main support trend line and at around $100 was a flicker of hopes for buyers.

At the moment though, it appears as if Sep 17 losses did confirm Sep 5 bear pressure and there are clear reasons backing this. Notice that just like Sep 5, Sep 17 bear candlestick had remarkably high trading volumes thrusting prices over wide ranges.

Then again, bullish attempts on Sep 18 didn’t manage to recoup volumes and most notably the candlestick ended up with a long upper wick hinting of lower time frame rejection of higher highs spilling over to Sep 19.

In any case, yesterday’s higher highs could be the support slowing sellers above $100. However, once there are conclusive break outs we suggest selling on every retest with stops at $110 and targets at $70 as highlighted before.

Author: Dalmas N

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Crypto Price Analysis (BTC, XLM, TRX, EOS, LTC): Sept 19, 2018

A single high-volume candlestick was enough to trigger a sell off driving prices back to previous ranges. With that it also means, Bitcoin prices are re-testing the $6,000 even when its dominance balloon above the 55 percent mark. This is obviously negative for altcoins and in days to come, we might see a drop in Litecoin, EOS and even XLM.

Let’s have a look at these charts:

Bitcoin Price Analysis

Latest Bitcoin News

That there is a link between email address and crypto currency exchanges is true—and dangerous for crypto investors alike. According to Mark Fischer, the head of email security at Google recently told CNBC that social media users who happen to register their trading accounts with the same email account at forums and similar media platforms are low lying pickings for sophisticated hackers but only when they chest thump about their crypto holdings. With Bitcoin trading at over $5,000, a simple hack could potentially be a jack pot for these hackers and worse still for the user, the effort might have been negligible because most users tend to use the same password for exchanges and email accounts.

Bitcoin Price Prediction

Even if Bitcoin prices did find support yesterday still Sep 17 bears overshadow their effort. They are still far off the $6,800 and $7,200 resistance zone we mentioned in our last Bitcoin price forecast.

What could a real bummer for buyers in days to come is Sep 17 high volume dump that saw prices sliding from $6,500 to $6,200 within hours as sellers retest the first layer of support near the $6,000 level.

Considering these developments which did confirm the overshadowing effect of Sep 5 bear movements, we recommend patience now that our previous Bitcoin buys are now null.

To reiterate, any dip below $5,800 would open the sluices for Bitcoin sellers to drive prices towards the $4,500 and $3,000 marks.

On the flip side, any drive and close above the eight-month resistance trend line and preferably $7,200 might lead to BTC printing $8,500 or even $10,000 by the end of the year.

Litecoin Price Analysis

Latest Litecoin News

With sliding Litecoin prices, critics are having a field day. At the top of this list is MultiCoin Capital managing partner Tushar Jain who is in the front-line throwing salvo at Litecoin in general and Charlie Lee in particular. In a critiquing blog post, Jain says Litecoin is a pre-smart contract relic and at current prices it is over-valued insisting that current prices are propped by churned incentives. He concluded by saying that no one sees the value of Litecoin and its claim of complementing Bitcoin is nothing but a bait to draw demand in an otherwise dead coin that users found hard to make use of even after insiders “pushed” for CoinBase listing.

Litecoin Price Prediction

In 34 days, Litecoin prices have retested the $50 main support mark in three different occasions thereby cementing the significance of this support level.

Encouragingly, during these times of retest, bears don’t muster enough momentum to breach it and instead, prices often bounce off this level like we saw last week. However, despite bullish attempts of last week, it appears as if sellers are back in contention clipping last week’s 10 percent gain and quickly driving back prices to $50.

In any case, our previous upbeat expectations have been quashed and at the moment, we suggest taking a neutral stand until after there is a break out above $60 or below $50 triggering a wave of sellers aiming for $30 and later $10.

Though we are skewed against sellers, fitting stop losses would be at lows or highs of the break out candlestick.

Stellar Lumens Price Analysis

Of all the coins under our preview, price movements in Stellar Lumens have been modest to say the least.

In fact, coin trackers show that XLM has been successful in absorbing bear pressure and up five percent in the last day pumping their overall week over week gains to eight percent.

Regardless, our previous Stellar Lumens trading stands and until there are movements above 25 cents triggering buyers aiming for 50 cents or a break below 18 cents ushering bears aiming for 8 cents, we remain neutral going forward.

Tron Price Analysis

Latest Tron News

Bittrex, the US crypto currency exchange has listed TRX/USD pair for their diverse customer base.

Tron Price Prediction

Of all the coins, TRX is perhaps the only one at cross-roads. First, TRX prices are in consolidation mode and trading inside a 1 cent range with caps at 2 cents on the upside and 1.8 cents on the down side. The 1.8 cents marks Aug 2018 lows and double bottom which we previously highlighted.

While TRX continue to oscillate within Sep 13 high low buoying Tron bulls, Sep 17 high volume bear engulfing candlestick reversing from 20 cents could signal trend continuation despite yesterday’s bullish attempts—TRX prices are up seven percent.

Since our TRX long stops were hit on Sep 17, we recommend taking a neutral stand as we wait for a trend defining break out from this range.

Any dip below 1.8 cents and sellers should sell on pull backs with targets on Jan 24 lows while gains would effectively thrust buyers towards 3 cents or 4 cents immediate resistance level.

EOS Price Analysis

Latest EOS News

Citing speed and low cost of transaction in the fee-less EOSIO network, BancorX plans to launch another platform on the EOSIO network. The service will not only allow trading between different EOSIO tokens—just like they do in Ethereum, but will also enable trading between EOS and Ethereum tokens. The DEX will position itself as a cross chain liquidity protocol allowing for seamless, token trading between different market participants at low fee and latency.

EOS Price Prediction

The failure of EOS bulls to close above $5.5 after ranging is an indication of strong sellers. Although we don’t suggest taking shorts at current prices even if Sep 17 is a real pointer of underlying bear strength, traders should hold off their trading until after there are drops below $4 and $4.5 or a spike above $5.5. After all, yesterday was bullish and EOS is up six percent.

All in all, considering the depth of market participation and sellers who are technically in charge—more so from a top down approach, it’s likely that EOS might drop below $4 and in that case traders should short with every high with first targets at $1.5 as mentioned in our previous EOS price preview.

That’s unless of course there are strong spike above Sep 17 highs clearing $5.5 and triggering longs as a result.

Author: Dalmas N

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Crypto Price Analysis (NEO, DASH, ETC, mIOTA, ADA): Sept 18, 2018

Often, the aftermath of rapid gains or losses are not accompanied by instant confirmations as many expect. Instead, bar confirmations are usually slow, characterized by counter trades. That’s exactly what we are seeing in most coins under our radar. After last week’s rejection of lower prices, NEO, IOTA, ETC and even Cardano are struggling against sellers. Of all coins, Cardano movements is a stand out and though printing higher highs, a 1 cent barrier is preventing buyers from closing above 7 cents and hopefully finding a footing for further gains above 8 cents.

Let’s have a look at these charts:

Cardano Price Analysis

Latest Cardano News

Investors can now trade Cardano with over 100 coins/tokens at Cryptomate

Cardano Price Prediction

All things constant, Cardano drop and close below 7 cents after Sep 12 did trigger our shorts and regardless of the tight movements, prices are still trading below 7 cents, our sell trades are valid.

Therefore, unless there are sharp spikes in trading volumes lifting Cardano prices above 8 cents and invalidating our short trades, we remain bearish on this pair.

DASH Price Analysis

Latest DASH News

No doubt, the fact that DASH is fast, censor free and cheap to transact with makes it a preference coin for may Venezuelans. On matters adoption, DASH tops the chart in the once oil-rich enclave and the foundation is doing whatever it can to extend their reach by introducing smart phones with in-built DASH tokens and creating partnership with QR.CR, a point of sale system for example. All these draws demand for the coin propping price as a result.

DASH Price Prediction

The zone between $210-$220 is no doubt a strong resistance previous support level and so far, it has been successful acting as a liquidation point.

From the chart, Sep 5 bear engulfing candlestick anchors our analysis and even after 12 days of attempted higher highs, buyers have been unsuccessful in reversing losses.

This means, despite all the “shift of momentum” fun fair, sellers are in charge just from an effort versus result angle. Of course, this view will charge if and only if DASH prices breach $230 and Sep 5 highs.

As such, we expect prices to drop going forward. $160 shall be the ideal sell entry point with targets at $130 and later at $110.

Ethereum Classic Price Analysis

Regardless of changing sentiment against Ethereum and the consequent reversal, ETC are yet to follow through.

Here, we notice that Ethereum prices are actually moving within a tight consolidation and trading below $12 cents with main support at Sep 12 lows at around $10.

Though fundamentals developments make Ethereum Classic an undervalued coin, technical candlestick formation hints of further devaluation as set by Sep 5 and 8 candlesticks.

In line with our last trade plan, odds are prices might inch higher but before that happens, ETC prices must first trade above $11. On the flip side, any drop below $9.5 or Sep 12 lows cancels our short-term bullish stand.

NEO Price Analysis

After periods of weak higher highs along the main support trend line, NEO did print a eight percent loss in the last day bringing total week over week losses to 10 percent.

Yesterday’s losses meant prices are now trading below the main support trend line and most likely, sellers might drive prices towards Aug lows at $15.

This is why we suggest taking shorts on every pull back in lower time frames with stops at $20 today.

The only move that shall cancel this projection is if there is a spike in price and market participation reversing losses, hitting our stops and printing above $21.

IOTA Price Analysis

The support zone between 50 cents and 55 cents is important for IOTA in the next few days.

While we must note that the past few days has been scarce of news as prices were moving within a tight 10 cents range with tops at 60 cents and bottoms at 50 cents, our last IOTA trade plan would have been activated subject to buyers thrusting prices above 60 cents in the process confirming the Morning Star pattern of Sep 13.

At the moment, none has happened and our last IOTA price prediction holds true.

So, unless there are sharp declines below 50 cents sucking in sellers or bulls breaking above 60 cents, we retain a neutral but bearish over-view on IOTA.

Author: Dalmas N

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Crypto Price Analysis (EOS, XRP, XMR, BCH, ETH): Sept 17, 2018

Leading the recovery is Ethereum (ETH) which is stable but above $200. Indicating resurgence is recent Ethereum news that there was a marked increase of ETH trading volumes at BitFinex shortly after Arthur Hayes encouraged his followers to short ETH on margin. On the other hand, Ripple is leading the way with market building partnership moving Ripple products and XRP closer towards global use by financial institutions.

Let’s have a look at these charts:

EOS Price Analysis

Latest EOS News

In a dApp ecosystem that is dominated by gambling and betting apps, hackers did find a weakness in two gambling dApps running in the EOSIO blockchain making away with $250,000 worth of EOS last week. The first exploitation saw $24,000 worth of EOS siphoned off from DEOSGames in what development team termed as a good “stress test” which has resulted in significant improvement in the contract level. EOSBet was next and here, hackers could win money without staking any EOS and in the end the company had to fill a $236,000 hole.

EOS Price Prediction

On a weekly basis, EOS is up six percent but pretty stable on a daily basis. It’s easy to see why. Notice that Sep 13 candlestick did trigger short term buys after that high volume bar hit $5.5. Though our expectations was a confirmation of that bull engulfing candlestick, the result has been a lower time frame consolidation which are good entry levels now that prices didn’t dip below Sep 13 lows. If anything this is a classic effort versus reward scenario and as long as prices are above $4.5 and above the upper half of Sep 13 candlestick buyers stand a chance. In the meantime, risk on or conservative traders can wait for solid closes above $7 before initiating longs with targets at $9 and later $15 assuming there is a major price recovery.

Ethereum Price Analysis

Latest Ethereum News

Signaling a bottoming market, Ether weekly market volumes spiked to 2.9 million last week while on Sep 13, ETH daily volumes soared to 850,000 ETHs, the highest in more than a year. This is definitely a mark of a revival and coincides with periods where several analysts and developers had expressed their fears on the future of ETH, the facilitating currency of the Ethereum smart contracting platform. In the meantime, unsubstantiated reports claim that the Constantinople hard fork will hit the Ropsten test net by Oct 9. Shortly afterwards, the hard fork would be implemented on the main chain.

Ethereum Price Prediction

Sep 12 high volume pin bar did open the sluices for Ethereum buyers to enter the market. The result has seen a nine percent increase in the last week and the activation of short-term buys targeting Aug lows at $250. Visible from the charts, buyers are following through on the Morning Star pattern of early last week and going forward, Ether buyers can load on dips with stops at $180 in line with our last ETH price analysis. A counter move driving prices below $170 automatically nullifies this bullish projection.

XRP Price Analysis

Latest XRP News

At the rate at which Ripple is signing deals, the US Company may end up being the much sought-after financial solution provider by the end of this year just like Brad Garlinghouse, the CEO of Ripple, had projected. This is so because shortly after the South Arabian Monetary Authority (SAMA) had signed a deal that will see Saudi banks use xCurrent for monitoring capital flow in and out of the economy, NCB–National Commercial Bank (NCB), has announced a deal that will likely see the $120 billion bank join the Ripple Network as a connector between Asian and North American banks.

XRP Price Prediction

Overly, XRP prices are stable and likely to edge higher. By the end of last week, XRP prices are up one percent and building on that double bottom following the bounce off the 25 cents support mark. Of course, this is positive but from a neutral point of view, XRP bulls are not yet in charge as Sep 5 bearish engulfing candlestick overshadows bullish attempts. Going forward, we suggest initiating low volume XRP buys only when prices thrust above 30 cents while conservative traders are free to enter longs with targets at 70 cents once there is a conclusive, high volume close above 40 cents.

Monero Price Analysis

By adding seven percent in the last week, Monero prices did bounce off the main support trend line and $100 as projected in our last Monero price analysis. If anything, bulls are building on the three bar bullish reversal pattern and high volume candlestick of Sep 13 and odds are the first bull targets at $150 might be hit. Technically, Monero remain bearish and for this reason, the only time Monero conservative buyers are free to join in is when there is a strong breach at $150. When that happens, XMR traders are free to load up longs on dips with targets first at $200 and later $300.

Bitcoin Cash Price Analysis

Latest Bitcoin Cash News

During the CoinsBank Blockchain Cruise, Roger Ver said the fuse of computer science and economics is the main reason why he holds cryptocurrencies as Bitcoin Cash so dear. He went on to say that there are many benefits that cryptocurrencies can bring to the community and the economic freedom is the only way that will spur large scale mass adoption of cryptocurrencies.

Unexpectedly, Roger Ver also said people should use Litecoin more than Bitcoin because the latter “lost its way”. Insisting that there is a stark contract between what it was in 2011 and what it has turned out to be in recent times, he said the core root is because Blockstream and Bitcoin developers know nothing about economic code but are proficient in software code.

Bitcoin Cash Price Prediction

Though there is market wide revival of price, Bitcoin Cash is down eight percent week over week but candlestick formation in the daily chart could be the basis of higher highs this week. Encouragingly, Bitcoin Cash prices are still trading inside Sep 13 high volume bullish engulfing candlestick meaning the three bar bullish reversal pattern is still valid. For short term buys, we suggest Bitcoin Cash risk off buyers to initiate longs only when there are strong gains closing above $450. In that case, buying on dips with targets at $600 should be feasible as laid out in previous Bitcoin Cash price analysis. On the flip side, any dip below $400 cancels this projection and might see prices printing $300.

Author: Dalmas N

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Crypto Price Analysis (BTC, BCH, ADA, EOS, TRX): Sept 14, 2018

With Bitcoin adding just four percent in the last 24 hours has had a magnifying effect on Bitcoin Cash, Cardano and a host of other cryptocurrencies. Conspicuous enough are the rapid gains in Tron, Bitcoin Cash and EOS. EOS for example broke off the upper limit of the consolidation which printed shortly after Sep 5 losses. All in all, it’s likely that altcoins would stabilize and inch higher as the week comes to close.

Let’s have a look at these charts:

Bitcoin Price Analysis

Latest Bitcoin News

The Chief Commercial Officer at BitPay, Sonny Singh says their company has “never been so bullish” on Bitcoin like they are now. Citing some fundamental development that could slow down sellers and in turn propel Bitcoin prices to new levels, Singh said they are in fact adding more staff to help deliver their services. BitPay is a Bitcoin and Bitcoin Cash payment processing provider for merchants and currently, Singh said, the Bitcoin market is “fishing for a catalyst”. Announcement that Morgan Stanley is plans on launching a Bitcoin derivatives market with underlying asset as Bitcoin could be a market trigger following Goldman Sachs temporary withdrawal.

Bitcoin Price Prediction

In three months, Bitcoin price has bounced off the monthly support trend line in three different occasions. The recent bounce off from $6100 is but a clear indication that bulls are ready to drive Bitcoin prices towards our first buy trigger line at $6,800 and perhaps $7,200 a level from previous Bitcoin price analysis showed resistance.

In our case, we suggest placing mid-range buy triggers at around $6,500 and should it be hit today then risk off bulls can load small BTC sizes with first targets at $6,800 and $7,000.

However, for conservative traders waiting for clear Bitcoin buy signals, patience until after bulls breach the $6,800 mark is important. Thereafter, buyers can begin loading on dips with first targets at $7,200 and later $8,500 as by our Bitcoin price predictions.

Cardano Price Analysis

Latest Cardano News

Recent announcement from Emurgo, the business development wing of Cardano, said Metaps shall integrate ADA by November 2018. When they do, reports indicate, ADA shall be the preferred form of payment in more than 33K stores in South Korea. Undoubtedly, this shall be supportive of ADA whose prices have sunk more than 95 percent from after peaking late last year.

Cardano Price Prediction

From previous Cardano price analysis, 12 cents on the upside and 7 cents as the lower limit were but important levels—and they still are. Notice that though our ADA sells are now active following Sep 12 high volume drop below 12, yesterday’s lack of confirmation could likely build enough upward momentum triggering our stops at 8 cents. It’s a possibility that we must be aware of and because of that, caution must prevail today.

In that case, we recommend holding off taking shorts for today and any thrust and close above 7 cents would certify Sep 12 break below as a fake break out. However, should Cardano sellers jump in and drive ADA prices below 6 cents, then our previous Cardano price prediction holds and we should let the trade run only exiting when solid reversal patterns print in days to come.

EOS Price Analysis

A 10 percent spike in the last day translates to a breach above $5.5 triggering longs in the process. Thanks to yesterday’s bullish engulfing candlestick with relatively high volumes or market participation, odds of bulls having a go today is high. Due to these encouraging developments, we suggest buying EOS at pull backs in lower time frames with stops at yesterday’s lows at $5 with first targets at $7.

Tron Price Analysis

Latest Tron News

• Beginning Sep 17, Bittrex will offer fiat trading pair for the TRX/USD. Like before, only select states will be eligible to trade and accounts formed after Sep 4 cannot trade this pair until later dates.
• Sato Wallet and Exchange is the latest partner to join hands with the Tron Foundation. This partnership is a welcome addition to the community and token/TRX holders at this wallet can directly swap TRX for other tokens and vice versa. Besides, all internal transactions within the Sato Wallets would be free of charge.

Tron Price Prediction

The last 24 hours has been perfect for TRX price and with a double-bottoms at Aug lows, Justin Sun’s coin is poised to add more. Notice that TRX added an impressive 15 percent by close of yesterday and the result is a rejection of sell pressure following Sep 12 pin bar which hinted of buys since volumes were remarkably high. Since yesterday’s trade range was high, our Tron price prediction points of bulls. As such we suggest buying TRX in lower time frames with stops at 1.6 cents and immediate targets at 3 cents.

Bitcoin Cash Price Analysis

Latest Bitcoin Cash News

• BitPay has been reportedly delisted from Google PlayStore. BitPay is a BCH and BTC payment processor provider launched in 2011.
• Abra has announced support for Bitcoin Cash meaning users can now deposit and withdraw BCH on the only platform that supports 28 Apps.

Bitcoin Cash Price Prediction

With a double bar bull reversal pattern and a bullish engulfing bar translating to a nine percent gain by close of Sep 13, it’s seems like Bitcoin Cash prices might be heading higher going forward. From yesterday’s Bitcoin Cash price analysis, Bitcoin Cash buyers should initiate long trades once there are solid moves above $500 or Aug lows. However, as we highlighted, considering the rates at which BCH is gaining ground, shift of momentum is largely due to shift of sentiment. In this regard, we suggest small size BCH buys with stops at Sep 12 lows at $410. Immediate targets should be at $600.

Author: Dalmas N

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Crypto Price Analysis (ETH, ETC, TRX, XMR, ADA): Sept 13, 2018

A bright spot as bears threaten to drive prices lower is the contrarian trade that is about to print in Ethereum. It’s ambitious, yes but could spell the beginning of a new phase of bulls slowing down sellers and helping markets recover. Should ETH close higher, then Ethereum Classic (ETC) could follow suit now that UTrust has announced support.

Let’s have a look at these charts:

Ethereum (ETH) Price Analysis

News Highlights

The recent ETH tailspin has been damaging for many portfolios and it’s only naturally for affected investors to take to social media to express their two cents on the matter. However, in the midst of all the emotional filled opinions, sense prevails in Kevin Rooke, a cryptocurrency researcher and analyst. According to his research, ETH liquidation isn’t stopping any time soon and could be disastrous for price should ICO fund managers liquidate their $600 million worth of ETH in coming months.

In his eye opening findings, Kevin notes that this month’s expenditure of ETH has been the highest in five months tallying well with separate findings from Santiment, a crypto analytic service provider. Worse still, there are no “useful” dApps on the Ethereum network that could draw value. Further fueling the decline is Arthur Hayes literal encouragement of his followers to trade ETH/USD pair on margin at his BitMex exchange.

Price Analysis

A 25 percent decline by end of Sep 12 saw ETH prices trading below the all important $200 mark but the sell party might be coming to an end. Considering all the noise of ETH sells, we shall take a contrarian approach mainly advised by yesterday’s event. After all, it’s up seven percent in the last day.

Notice that Sep 12 candlestick ended up as a pin bar with a remarkably long lower wick and behind the rejection of lower prices were high trading volumes.

In normal situations, this would have lead to a rapid depreciation towards our ultimate bear targets at $150 but prices were relatively stable absorbing bear pressure. Because of this, we recommend exiting part of ETH sells and fading the market at spot price with targets at $250 with stops at $165.

Tron (TRX) Price Analysis

News Highlight

Vitalik opinion that it will be hard for the cryptos to print 1000X gains in the near future caused a Twitter storm. And Justin Sun couldn’t hold his thoughts. In a tweet that got a response from Buterin, Sun believed that the entire world will turn into cryptocurrencies like a “black hole”. He added that before Google and Amazon reach the $1 trillion market capitalization, cryptos would be recording market caps upwards of $10 trillion. Though we agree with his assessment, only time will tell knowing that any figure near that market cap means a super rally is on the cards.

Price Analysis

Like most coins under our preview, TRX prices are stable to say the least. Though registering reds, prices are stable and bears are yet to drive prices below Aug 14 lows triggering sells as laid out in previous TRX trade plans.

As such, we recommend taking a neutral to bearish position of TRX because of a prohibitive risk reward ratio preventing traders from executing trades in an uncertain market.

Thanks to a slight recovery in altcoins yesterday, chances are we might see gains today and in that case, aggressive traders can initiate longs at spot prices with stops at yesterday’s lows at 1.6 cents. Targets should be at Sep 5 highs at around 3 cents.

Cardano (ADA) Price Analysis

News Highlights

According to a recent update by Charles Hoskinson, the Cardano development team is of the opinion that human readable addresses shall mass adoption due to obvious benefits and ease of use. This is why the team is working on making this a reality. On the same mass adoption vein, Emurgo—the business development wing of Cardano announced that Metaps shall integrate ADA by November this year making it possible for users to make purchases using ADA in more than 33k business across South Korea.

Price Analysis

A six percent drop by close of Sep 12 candlestick did drive prices below ADA’s ATLs at 7 cents. As seen from the chart, though we have a long lower wick, yesterday’s candlestick did close above 7 cents triggering our sells as laid out in previous trade plans.

Though there is a divergence, I recommend trading with our initial plan and that means selling at spot price, placing stops at 8 cents and letting this trade run until solid reversal patterns begin print. In the meantime, any high volume surge of prices above 8 cents nullifies this sell stance.

Monero (XMR) Price Analysis

To reiterate, Monero is at a precipice and still trading within a down trend. Luckily though, Monero is finding support and is up three percent in the last day. Better still, bears didn’t push prices below the monthly support trend line and $100.

However, should there be a dip below $100, we suggest trading on break outs with stops at $110 and targets at $70 in line with our last Monero price analysis. On the flip side, any high volume spike that will see prices racing towards $110 shall nullify this projection.

Ethereum Classic (ETC) Price Analysis

News Highlights

UTrust, a payment platform has announced support for ETC and plans to integrate the coin.

Price Analysis

From the charts, aside from adding three percent in the last day, the coin is moving in the direction set by Sep 5 depreciation which saw ETC sellers rejecting higher highs and reversing gains above $12.

However, what should steel bulls is hints of higher highs in lower time frames as buyers seems to make inroads all thanks yesterday’s long lower wick. If anything, sellers did retest Aug 14 lows and a more cautious approach before executing trades is to wait for how today close.

If price do close high then we suggest taking longs only when bulls print above $12. In that case, targets would be at $15 and later $18, the upper limit of our last trade range.

Author: Dalmas N

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Crypto Price Analysis (BTC, EOS, TRX, XLM, LTC): Sept 12, 2018

While Bitcoin slows, news of Stellar Foundation acquisition of Chain did slow down XLM losses and instead injected momentum which drove prices towards the 22 cents mark. Though XLM don’t hold much swerve in the crypto space, these gains are a relief and could spur the next wave of altcoin buyers possibly rejecting lower lows. After all, the US SEC might change their stand on Bitcoin ETF and follow the Canadian route invigorating the dwindling hopes of crypto investors.

Let’s have a look at these charts

Bitcoin (BTC) Price Analysis

News Highlights

While the US SEC “work things out” Canada did break the ice on matters investment when they approved the first Bitcoin Trust Fund via First Block Capital Inc, an equivalent of mutual funds, allowing accredited investors to channel their capital from Retirement Savings or Tax Free Accounts to Bitcoin.

Although there are restrictions and retail traders are barred from making investment in a market that is considered volatile and risk, institutional grade investors can purchase units of this Bitcoin Trust fund available at Neo Connect under the ticker symbol FBCBT.

In this arrangement, FBCBT unit buyers would have exposure to Bitcoin but won’t be holding the underlying asset just like the way ETFs are structured. History shows that Canada always lead the US on matters finance and or adoption of new trade instruments and even as the US SEC ‘protect” their investors from “unregulated and unverified” crypto securities, the leap of faith shown by Canada might after all thaw the stance the US has towards market rejuvenating Bitcoin ETF.

Price Analysis

Price wise, Bitcoin is pretty stable and even bullish attempts in the last day isn’t enough to change our bearish stand. After all, last week was extremely bearish with BTC registering double digit losses.

Considering the rapid rate of price declines and the level of market participation, it’s only obvious that bears might accelerate their drain.

Advised by this, we maintain a negative outlook and even though it would be ideal for sellers to breach and close below our support zone between $6,000 and $5,800, any close below $6,000 today or in the next day shall trigger the first wave of sell positions with conservatives heading full throttle once prices close below 2018 lows or the lower limit of our support zone. As before, our bear targets remain at $3,000 with expected intermediate targets at $4,500.

EOS Price Analysis

News Highlights

$4 billion later and it appears as if Block One, the publisher of the EOSIO blockchain has no “clue” of what to do with the money/profits. While they have been clear that part of their annual inflation would be channeled towards a treasury that will then fund dApp development, the proceeds of EOS token sale remain blurry. So far, there is no official working wallet. Neither is there a solid dApp from the team and that is a cause of worry.

Price Analysis

A four percent drop in the last day and the weight of Sep 5 sell pressure is beginning to show in EOS.

Needless to say, following that >25 percent single day drop of Sep 5, the tune was set by sellers and as long as prices are below $7, traders shall maintain a bearish stand. From the way candlesticks are laid out, we recommend holding out trading today until after there are solid breaks below $4, the lower limit of our $1 support zone in the daily chart.

However, risk off sellers can initiate shorts at spot rate with stops at $5.5 and aim for ambitious targets at $1.5—the same targets conservative traders should aim for once EOS break and close below $4.

Litecoin (LTC) Price Analysis

News Highlights

There is a new update for Litecoin core: Version 0.16.2 and all users are recommended to upgrade to this new edition. Launched on Sep 3, the releasing team said the update fixed several bugs and made some improvements on the code making it more robust. Development team did away with -blockmaxsize option and instead created a lee way specifically for miners to decide the weight of their blockchain through the -blockmaxweight option.

Price Analysis

A seven percent drop in the last day makes Litecoin one of the top losers in the top 10 coming second only after Cardano (ADA).

Visibly, chances are today we might see a whole candlestick printing below the $50 mark which also doubles up as Aug 2018 lows triggering sells as emphasized in previous LTC trade plans.

However, considering the rate of erosion, aggressive traders can load up at spot prices with stops at $60 and target the penultimate $30 support level. On the reverse side, any sudden spike of price registering gains above $60 re-balances this projection and cancels our bearish stand.

Tron (TRX) Price Analysis

Despite partnerships, exchange listings and TRX use at several outlets as Bitcoin Superstore, TRX is grappling with sellers.

From the charts, TRX is on a down trend shedding eight percent in the last day and likely to break below Aug 14 pin bar and lows at 1.5 cents.

If this happens today and a whole bear candlestick happens to print below this level, then we suggest taking shorts with targets at Jan 24 ultimate lows.

In the mean time, TRX sell trades are still running and traders can actually lock in some profits as traders anticipate bears to breach 1.5 cents.

Stellar Lumens (XLM) Price Analysis

News Highlights

Stellar Foundation, the custodian of the Stellar blockchain has acquired Chain in cash for around $40 million, a source privy to the matter has revealed. The new acquisition has lead to the formation of a new entity, the Interstellar where the former CEO of Chain, Adam Ludwin will act as the project CEO while Jed will fill the CTO position. The deal was concluded on Sep 5 though there has been no official communication from the two parties.

Price Analysis

The response from the market has been immediate and so far, XLM did contain losses after initially adding eight percent.

Though we now have a three bar bullish reversal pattern printing right in the midst of sellers, the fact that this reversal did happen at around 2018 lows could potentially be a hint of positive things to come.

Because of this, traders should exit their shorts and hold off trading only until after XLM prices breach the 25 cents mark. When that happens, buyers can load on dips with targets at 30 cents and later 50 cents.

On the flip side, any clip of yesterday’s gains driving back prices below 18 cents could potentially lead to XLM printing 8 cents in days to come.

Author: Dalmas N

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Crypto Price Analysis (DASH, ADA, ETC, NEO, mIOTA): Sept 11, 2018

Every bear candlestick that prints is shaking out weak positions. At the moment, Cardano is the center of attention. If today we see ADA sellers following through Sep 5 depreciation and printing below the coin’s all-time lows at 7 cents, we might see a flurry of sell positions entering the market potentially pushing prices to oblivion, just like in Tron. On the bright side, DASH is steeling the altcoin market and closed higher yesterday.

Let’s have a look at these charts:

Cardano (ADA) Price Analysis

On a weekly basis, Cardano (ADA)—is bleeding and down 30 percent. Worsening the already tight situation is yesterday’s nine percent dip. The result has been a bear candlestick and sellers testing ADA’s all-time lows at around 7 cents.

Though this was expected following early August breach and close below 12 cents, the trend resumption phase which we are currently trading at could see ADA printing new 2018 lows below 7 cents. Because our sell trades initiated after Aug 8 holds true, we recommend locking in some profits while those who are yet to short can wait for a convincing close below 7 cents before loading on pull backs.

DASH Price Analysis

Of all coins under our radar, it is quickly emerging that DASH is after all the most stable. Widespread use in economies ravaged by hyper-inflation might be drawing demand and supporting the coin but technicals point otherwise.

What we do have in the daily chart is a classic effort versus results situation as buyers struggle to reverse Sep 5 gains. Evidently, after yesterday’s pin bar, sellers’ intentions are clear. They are in charge and the long upper wick points to their liquidation on every high in lower time frames.

Therefore, considering the week over week loss of six percent and yesterday’s resistance of higher highs, we recommend taking sell trades at spot rates with stops at Sep 5 highs at $230 with first targets at $160 and later $130.

NEO Price Analysis

News Highlights

Deep Chain, a NEO project that claims to be a digital asset exchange specifically for the AI industry has launched the Deep Token Exchange. The main aim of this platform is to provide the necessary exposure for AI companies struggling to fund their project and consequently break into the AI space.

Technical Analysis

Like most smart contract platforms, NEO is on the losing end with majority of these losses stemming from Sep 5 declines. The result has been the resumption of bears.

Even though prices have been steadying in the last day, odds are sellers might build enough momentum, confirm last week’s sell pressure and drive prices below $15 triggering another wave of bear pressure with targets at $4. This level is NEO’s all-time lows.

Ethereum Classic (ETC) Price Analysis

News Highlights

Enthusiasts can now track Ethereum Classic dApps at: dappdirect.net

Technical Analysis

The thing is: sellers are reigning supreme and reversing gains. A stand out in our analysis is that conspicuous Sep 5 candlestick which not only involved high volumes but was marked by a wide trading range.

The candlestick was enough to stamp ETC sells and since $12 is an important support line in our analysis, we suggest selling on every high despite the last two days rejection of lower lows.

In any case, ideal sell zone would be anywhere between $12.5 and $13 when ETC buyers retest the main resistance line former support at $12. Once a high volume, bearish engulfing candlestick prints confirming Sep 5 sells, traders can initiate shorts with targets at $9.

IOTA (IOT) Price Analysis

News Highlights

The IOTA community is ballooning and with every successful meet up, more developers and pure enthusiasts join the team. This was evident in the last meet up in Hamburg. Aside from internal growth, more businesses especially in Germany are accepting a host of cryptocurrencies including IOTA as payment and this is positive.

Technical Analysis

Technically, IOTA like the rest of the markets is bearish and in the last week for example, IOTA did lose 18 percent. However, in the daily chart, prices are stabilizing and from our analysis, the area between 60 cents and 70 cents is important.

We have mapped out this area as a potential resistance zone and an ideal price range for selling IOTA. Otherwise, conservative sell traders can take a neutral approach only initiating trade once prices break below 50 cents.

Thereafter, they can zoom out to lower time frames and short on every high with targets at 30 cents as highlighted before. All in all, any breach and close above 70 cents or Sep 5 highs nullify this bear projection.

Author: Dalmas N

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Crypto Price Analysis (ETH, EOS, XMR, BCH, XRP): Sept 10, 2018

Fundamentals and digital asset prices are diverging with developments on the fundamental front painting a bullish picture in the face of bears. Nonetheless, events of last week could further damp prices even if last week ended on a high. We can see that happening in Ethereum. A combination of unsure ICO fund managers dumping ETH, indecision on matters coin reward and the pressure of Constantinople is fueling sell pressure. In the meantime, EOS and Monero are trending at key support zone and the way today’s candlestick close would most likely influence short to medium trend of these coins.

Let’s have a look at these charts:

EOS Price Analysis

Regardless of how EOS prices behave today or in the coming days, Sep 5 candlestick will remain influential. It’s not hard to see why, not only did it signal the beginning of the third stage, the bear resumption phase of the bear break-out pattern ignited in early August when bears broke the $7 mark but it also emphasized just how sellers have been rampant reversing 2017 gains.

Either way, yesterday’s price action was a short in the arm for EOS and could potentially be the anchor double bar bull reversal candlestick propelling prices back to $7, our immediate resistance line and Sep 5 highs.

Since our main support line lies at $4, selling at spot prices won’t make sense from a risk reward perspective and therefore, we shall recommend taking a neutral stand today. However, should today end up bullish confirming Sep 8 longs, we shall exit previous sells and initiate small lot size longs with stops at Sep 8 lows and targets at $7.

Ethereum (ETH) Price Analysis

News Highlights

Mining ETH is now unprofitable. It’s cost $152 to mine one ETH and that’s exclusive the cost of electricity and hardware. Well, a massive drop of hash power from 300TH per second to 270 TH per second is the result and it could get worse for industrial miners who have to factor in other costs of human capital and cooling equipment. Further worsening the situation is the massive liquidation of ETH accrued from token sale by ICOs accelerating ETH losses.

Technical Analysis

Unless otherwise, ETH bears are in charge and it’s likely that they shall drive ETH prices towards the $150 which is roughly $50 at current spot rates.

Going forward, Sep 5 is a trend setter and even if there is a recovery, $250 would act as our minor resistance line potentially capping gains.

So technically, the combination of fundamentals and sliding BTC prices makes it a tall order for ETH buys and as such we recommend selling on every high in lower time frames with stops at $230 and targets at $150 as suggested in previous trade plans.

XRP Price Analysis

From the chart, XRP is finding support at around the 25 cents to 30 cents zone.

The 25 cents mark is defined by that high volume pin bar of Aug 14 and even if we are net bearish due to that high volume, wide trading range candlestick of Sep 5, a close above 30 cents today might be the necessary impetus to drive prices back to 40 cents.

On the other hand, any drop below mid-June three bar bull reversal pattern could drive prices towards the ultimate 15 cents level. For now and factoring in recent price consolidation in the after math of Sep 5 decline, odds of a decline confirming that candlestick is likely.

Monero (XMR) Price Analysis

Despite shedding 10 percent in the last week, the privacy centric coin Monero is back in the top 10 and just like BTC and ETH; it is stable in the last day. A look in the daily chart and it appears as that Monero prices are finding support at the minor support trend line.

This support is at around the $100 psychological level and previous support line for June and July further asserting its importance. Given the influence of $100 and how it has successfully supported XMR prices, if Monero closes higher today, we recommend exiting previous shorts with targets at $150.

If not and there is a breach of $100 as prices tow with last week’s trend, our previous shorts shall hold true as traders aim for $50.

Bitcoin Cash (BCH) Price Analysis

News Highlights

Soon, a new Bitcoin Cash tipping plugging, Money Button would be launched.

Technical Analysis

Regardless of yesterday’s gains, odds are the $450 minor support line would be broken through maintaining our bear stand. Once that happens, the third phase of a bear break out pattern ignited by bears in early Aug would be true.

As such, going forward, taking shorts on every high in lower time frames preferable at or around $530-$580 region is preferable. Bear targets at $300 remain constant though high volume appreciations above the $600 and Sep 5 highs nullifies this projection.

Author: Dalmas N

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Crypto Price Analysis (XLM, XRP, DASH, BCH, EOS): Sept 7, 2018

Altcoins are investment opportunities and with raging bears, there might be an opportunity for traders to ramp up their holdings with every low. While appealing, this is not the perfect time especially for Bitcoin Cash enthusiasts and investors. VP of Blockstream, Togami thinks a 51 percent attack is a real possibility and the network should take bold but necessary steps to boost its hashes. In the mean time XLM and its competitor are on a slide but are relatively stable unlike EOS and DASH whose valuation might be headed to $150 after encountering mid-range resistance.

Let’s have a look at these charts:

XRP Price Analysis

News highlights

XRParrot is a complementing service that will facilitate fast and easy conversion of Euro to XRP. The product is yet to launch but the creator says he prioritizes simplicity. As such, to expedite conversion, a simple phone number and a SEPA account would be needed required.

Technical Analysis

Even though yesterday was positive for XRP coin holders, the fact that prices are now trading below the bull flag set in motion by Sep 5 candlestick should pour cold water on bullish attempts. As a matter of fact, yesterday’s gains should be another platform for traders to unload their sell positions at better prices. In that case, stops should be at Sep 6 highs at 35 cents with targets at 15 cents as laid out in our previous XRP trade comments.

DASH Price Analysis

If anything, it was a mid range reversal for DASH. Notice that at around $215, prices did slow down and shortly after, there was a collapse following the general drop of Bitcoin on Sep 6. Though DASH prices were in consolidation mode with main resistance and previous targets at $270 a price tag of our interest, this mid range reversal from previous support now resistance hints of the underlying DASH support—it is weak.

Further spoiling bull attempts are the overall trend in the last eight months which has been draining for bulls. Therefore, while traders were expectant of gains, selling at spot prices with targets at $110 and stops at around $200 would be trading with the trend increasing odds of turning in a profit.

EOS Price Analysis

Like most coins under review, EOS is also slipping and this is despite efforts by the development team to solve RAM problems and unnecessary hoarding of network resources. Due to recent depreciation, prices did find a glass ceiling at $7—previous support now first level resistance as mentioned in previous trade plans and as it is, prices are on a slide according to Aug 8 ignited bear break out pattern. Considering the wide trade range and high level of participation, EOS sellers are definitely in charge and the digital asset is poised for further losses in this third stage—the bear resumption phase. Targets should be at $4 and later $1.5 with safe stops at around $6.

Stellar Lumens (XLM) Price Analysis

News Highlights

IBM and a couple of other high market cap traditional tech industries are interested in Stellar blockchain. Though yet to be substantiated through an official statement, Facebook are also drawing lessons and exploring the Stellar network. Nevertheless, IBM is leading on implementation race with Blockchain World Wire already in place. This payment solution allows users to come enjoy fast and cheap cross border payment solution reliant on the blockchain technology.

Technical Analysis

Regardless of recent price movements, Stellar Lumens was and continues to be stable relative to most coins in the top 10. From the chart, it’s clear that Sep 5 bearish engulfing pattern was enough to trigger a break out breaching our monthly support trend line and the ascending wedge meaning XLM traders are officially in charge.

All things constant—and by trading with the trend, selling at spot prices with targets at 18 cents and later 8 cents increases odds of being profitable. The only caution we should take is a correction closing above 25 cents—our official resistance and bull trigger line. If that doesn’t happen this week then placing stops at that level would be safe enough from bull spikes common after rapid depreciation.

Bitcoin Cash (BCH) Price Analysis

News Highlights

Warren Togami, the VP of solutions at Blockstream—the outfit spearheading Bitcoin LN development–have some tough assessment of Bitcoin Cash. He talks of hash rate and how Bitcoin Cash network is literally a sitting duck against determined attackers keen on creating double spend situations on the network. Over time he notes, the Bitcoin Cash network has been losing hash and as it stands, it’s hash rate is eight percent that of Bitcoin making it vulnerable yet valuable coin.

Technical Analysis

The susceptibility of BCH spilled over to prices and after sinking 16 percent two days ago, yesterday bears added a further eight percent meaning our sell recommendation following that rejection at $600 is well on course. As such, we recommend selling at stop price with stops at yesterday’s highs with targets at $300 as highlighted in our BCH price analysis.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETH, ETC, TRX, XMR): Sept 6, 2018

The influence of BTC is clear and even if most coins were in a temporary bullish state, a recovery of some sorts, a dip in BTC price was enough to trigger a market wide depreciation with some as Cardano (ADA), Ethereum (ETH) and Tron (TRX) losing on average 15 percent.

Still, the market is not slowing down and today we expect prices to edge lower though odds of a consolidation or prices closing higher cannot be discounted. This often happens after periods of high volume volatility as witnessed yesterday. Of all coins, XMR is a stand out for sellers. The coin is reversing from the main resistance line at $150 and its valuation may likely half to $75 in coming weeks.

Let’s have a look at these charts:

Cardano (ADA) Price Analysis

News Highlights

Can Cardano follow the Ether route and spiral towards zero as Jeremy Lubin—the technical advisor of Stellar platform proposes according to his latest piece published at TechCrunch. As a smart contracting platform with similar operations as Ethereum, investors should have valid reasons to ask these sort of questions especially when Charles Hoskinson said tokens would have the same class as ADA, the main native coin. Could this be the trigger that would cause start ups to decline using ADA for dApp or other on chain executions?

Technical Analysis

As reiterated in our previous technical analysis, BTC and altcoins as Cardano share a direct correlation. So, when BTC sunk $300 in less than 45 minutes, it was inevitable for Cardano (ADA) to follow suit. The coin is down 15 percent in the last day and while a dark cloud cover prints, our previous long positions have been cancelled due that high volume bear candlestick. Yesterday’s candlestick means our long position are now null and instead, sellers should initiate trades at spot rates with stops above yesterday’s highs at 11 cents with first targets first at ADA’s ATLs at 7 cents and even lower.

Ethereum Classic (ETC) Price Analysis

News Highlights

CoinBase Pro will soon launch GBP pairings for ETC and other listed coins according to David Farmer, the General Manager of the exchange. This announcement comes a month after the company offered GBP support and acquired an e-license from the FCA.

Technical Analysis

Like the rest of the altcoins market, yesterday’s bearish engulfing pattern crashing ETC past the main support line at $12 is a stand out. With it, our buy trades building on Aug 15 bullish engulfing candlestick were obliterated and at the moment, odds are ETC sellers are in charge. All in all, we recommend shorts now that sentiment is shifting and BTC is on meltdown. Though conservatives can wait for a clear break below Aug 14 and 15 lows, taking shorts now with stops above yesterday’s highs means entering at better prices within an overly bearish market complete with leading candlesticks.

Ethereum (ETH) Price Analysis

News Highlights

Analysts are speculating that ETH is struggling because most ICO fund managers are cashing out or hoarding the coin as they transact OTC. Though this holds some water considering Ethereum is specifically designed for asset tokenization and running special dApps, the general market sentiment made worse by the ideal possibilities of Jeremy Lubin arguments could further damp prices. Besides, miners are disgruntled due to slashed rewards and a potential hiking of the network’s difficulty bomb ahead of Constantinople.

Technical Analysis

Surprisingly, Ether is one of the largest coins on the losing end yesterday. On a daily basis, ETH is trading 14 percent lower and Sep 5 candlestick is clearly a break out bar after periods of consolidation as highlighted in previous Ethereum (ETH) price analysis. Now that prices are syncing with the general trend and effectively crashing bulls’ ambition, traders can enter short at every pull back in lower time frames with targets at $150. After all, the break out is a distribution and a resumption of trend set rolling by Aug 8 bears.

Monero (XMR) Price Analysis

News Highlights

• For some reasons, Changelly, the popular registration free crypto to crypto exchange is under fire for holding a large amount of Monero from a user while basing their defense on suspicion. Saying the risk management team can withhold coins should the user fail to provide the necessary KYC documentations, though that doesn’t prevent them from accepting funds.
• MEGA 3.39.4 extension of Google Chrome has been compromised and attackers can actually steal your Monero and ETH straight from MyMonero and MEWs.

Technical Analysis

It might not be that perfect but what we have in the daily chart is a rejection of higher highs at around main resistance line at $150. Following yesterday’s price liquidation, XMR longs can exit their trade and fade their previous move by shorting at current price with stops at $150.

First targets should be at the base of this consolidation at $75 now that it’s clear—across the altcoin spectrum that sellers are on the upper hand. The only move that could potentially cancel this projection is a move similar to yesterday’s rallying past $150 hitting stops.

Author: Dalmas N

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Crypto Price Analysis (BTC, XLM, TRX, EOS, LTC): Sept 5, 2018

The crypto market is nascent and in such a developing sector, speculations and rumors can breed paranoia. Like the recent activation of Bitcoin wallet holding 111,114 BTCs after four years of hiatus. While it is good and shows intent, it may as well be a bullish damp now that its owners are liquidating their holdings in several exchanges. Nevertheless, most coins sensitive to BTC and after today’s flash crash, altcoins are literally melting confirming the general skepticism of altcoins bulls.

Let’s have a look at these charts:

Bitcoin Price Analysis

News Highlights

After four years of dormancy, a Bitcoin wallet with 111,114 BTCs worth $800 million at current spot price is now active. As expected, the sphere is ripe with speculations on who might be the owner of the large, old whale account. Some say Satoshi, the anonymous Bitcoin network creator is back while others are a bit cool saying the account might be related to Mt Gox where a civil Rehabilitation Scheme is ongoing thanks to the efforts of the Japanese FCA. Whether they are right or wrong remains unclear but the movement of Bitcoin from this whale account to exchanges mean the wallet owner is keen to cash out and this could contribute negatively to price.

Technical Analysis

All things constant, recent higher highs in Bitcoin prices have not only been positive for the crypto market but went a long way in instilling confidence in investors battered by bears. From the charts, it’s clear that bull momentum is waning and after today’s five percent dip in prices, we now have a nice bearish engulfing pattern retesting the upper limit of our support. Because of this slowdown, exiting trades at spot is important. Should tomorrow end up lower, we recommend selling and aiming for $6,000 once more.

EOS Price Analysis

Overly, EOS is bottoming up and it might be reasons to do with on chain developments and most importantly the way RAM resources are made use of in the EOS network. Anyway, at spot prices, it’s clear that bull momentum is fading and after today, we should have a bearish Evening Star pattern in the daily chart.

After all, after today’s break down, prices are down 13 percent in the daily chart and the result is that dark cloud cover at $7, an important resistance level in our analysis. Overly this means buyers found a glass ceiling and sellers are flocking back to the market. Therefore, the best approach to capitalize on this new found momentum and to sync back to long term momentum is to sell at spot with targets at $4 with stops at $7.

Litecoin Price Analysis

Like BTC market, there is a sharp downturn of prices and though unexpected, LTC sellers are back rebuffing bullish attempts as clearly demonstrated in the daily chart. Not only do we have a bearish engulfing pattern right at resistance—previous support at $70 but prices but this strong and high volume rejection of higher highs completes another re-test phase and ushers in the next wave of sell pressure, the bear trend resumption phase. As it is, we recommend shorting Litecoin at spot prices with stops at $70 and first targets at $50 and later $30 as laid out in our last trade plans.

Stellar Lumens Price Analysis

News Highlights

After years of successful partnerships, IBM now has a cross border payment solution, Blockchain World Wire which make use of Stellar platform and XLM to facilitate near instant fiat remittance.

Technical Analysis

Of all the coins under our review, Stellar Lumens prices are haphazard to say the least. Aside from printing encouraging highs just like the majority of coins under our radar, prices are moving inside an ascending channel with caps at 25 cents on the upside and the support trend line on the downside is injecting momentum and buoying bulls.

At current prices, XLM is trading near the apex of this wedge and as history shows, a break out is imminent. In case there is a break above 25 cents, then we suggest buying on dips with first targets at 40 cents and 50 cents.

On the reverse side, any breach below the support trend line could mean another wave of sellers aiming for 18 cents—2018 lows.

Tron Price Analysis

News Highlights

• To spur ecosystem participation, Tron has announced that it shall be rewarding users who vote for their favorite super representatives.
• Various news sources indicate that the Tron network now has more active accounts than EOS, a claim that has been supported by Tronix.

Technical Analysis

Though bullish courtesy of last week’s higher highs, TRX continues to taper and confining its movements is Aug 28 high lows and the resistance lines of this clear bull flag.

Either way, today’s 12 percent clip of bullish momentum spells down for buyers and odds are we might see a meltdown as TRX reacts to BTC collapse. Largely because of this, we suggest shorting TRX at spot rates with stops at 2.7 cents and targets at Jan 24 lows. This also translates to exits of previous longs position for risk off traders with active buys after that thrust closing above Aug 17 highs of 2.3 cents.

Regardless, we shall recommend a neutral stand as risk reward scenario remains prohibitive. Instead, once buyers close above 3 cents, traders can ramp up longs on pull backs with first targets at 4 cents.

Author: Dalmas N

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Crypto Price Analysis (DASH, NEO, mIOTA, ADA, ETC): Sept, 4 2018

A stand out in the altcoin space is that surge of DASH prices. On a weekly basis, prices are trending above $160 and back in the top 10 after adding 28 percent. Perhaps their near majority share in the Venezuelan market is a reason feeding bulls but it might partly have to do with Bitcoin gains. Other than DASH, Cardano and especially NEO stand a chance of further gains and should in fact be our focus coin of the week.

Let’s have a look at these charts:

Cardano (ADA) Price Analysis

News highlights

The market is generally gearing for Bittrex ADA/USD listing tomorrow. As always, the crypto market is selective and reaction depends on the reputation of the listing exchange. Discouragingly, unless it is CoinBase, most coin listings are none movers. Still, after tomorrow the Cardano market shall have extra liquidity and a wide attention spectrum following this addition. After all, it’s an American exchange though it offers services at select states and international clientele.

Technical Analysis

Two weeks later and ADA is still moving below Aug 17 highs in a range. Nonetheless, we retain a bullish outlook expecting on chain development and other fundamentals to provide the much needed impetus for a break above 12 cents—our main resistance line.

However, as stated in our last ADA  analysis, prices should first break above 10 cents and after that, strong series of higher highs could confirm last week’s gain and cancel the general bear break out pattern set rolling by Aug 8 dip below 12 cents. If not and sellers push prices below 8 cents then sooner or later, there would be a retest of 7 cents, ADA’s ATLs.

NEO Technical Analysis

News Highlights

The Smart Economy network could potentially forge a new working relationship with Japanese local authorities after they receive praise especially for their innovative non-mining BFT based consensus algorithm—dBFT or the delegated Byzantine Fault Tolerance.

Technical Analysis

Week over week, NEO is up 14 percent and that means prices are now trading above the main resistance trend line and triggering buys as per our last NEO price analysis. Additionally, prices are trading above Aug 17 highs and with Aug 27 bullish confirmation, our longs are official.

Solely because of this, we recommend taking longs at current prices and placing safe stops at $18 with first targets at $25 and later $40. Notice that at $18, prices did find support and coincidentally that is previous resistance trend line now support confirming our long bias that the market is realigning and buyers are entering the space.

Ethereum Classic (ETC) Technical Analysis

News Highlights

BTC.com-which is one of the largest mining pools in the world that has the backing of Bitmain, the multi-billion dollar ASIC chip monopolist, has announced support for ETC and now interested CPU or GPU miners can connect through their portal. With this new option and mostly influenced by profitability, miners can easily switch their mining power between ETH and ETC just like it is possible between BTC and BCH. Rewards would be in Full Pay per Share basis.

Technical Analysis

Of all coins, ETC is perhaps one of the most undervalued digital asset in the sphere. Like Litecoin, it was a pioneer coin and a fork off Ethereum and was surprisingly available at CoinBase before being purged. Its relisting not only sparks new interest but comes at a timely moment when ETC is trading near all-time lows.

Coupled by technical events that buoy prices as highlighted in our last trade plans, ETC is now trading above main support at $12 and likely to add to their gains this week. Risk off traders can load up at current prices with stops at $13 and first targets at $18 while conservatives and risk on traders should only buy on dips once there is a conclusive close above $18—our immediate resistance line. Thereafter, ETC bulls might enjoy the ride up until a fair value is struck upwards of $40.

DASH Price Analysis

News Highlights

KRIPTO which are DASH supporting smart phones are now available for sale in Caracas, Venezuela. Venezuela is oil rich but is still struggling economically and in the face of hyperinflation which has so far rendered their native currency, the Bolivar useless, citizens are finding solace in DASH and other cryptocurrency. Statistics show that Venezuelans use DASH to settle their day to day undertakings and that’s why DASH are doubling down their effort developing infrastructure to push for mass adoption.

Technical Analysis

Last week’s 34 percent acceleration of DASH prices propelled it close to the top 10 and in the process broke above previous resistance now support as Sep 1 candlestick shows. Overly, our DASH trade plan was crystal and going forward we shall retain a bullish outlook with every pull back in lower time frame a buying opportunity for bulls eyeing for $270 or July highs.

It’s simple to see why: First, aside from the break out of Sep 1, there was a spike in volumes and prices edged higher towing with Aug 17 price expectations. Then again, even after yesterday, bears are yet to close below Sep 1 lows meaning bulls have been successful in soaking that sell pressure and from an effort versus result perspective, odds of further upsides remain elevated.

IOTA (IOT) Price Analysis

News Highlights

Straight from creating a scalable network which settles fast and is efficient, IOTA is also cementing its stead when it comes to forming useful collaborations with tech companies. Their partnership with Fujitsu and Volkswagen for example has drawn exposure to the foundation and brains behind the Tangle. Aside from this, IOTA has made their intention known about their plans of creating a data market place.

Technical Analysis

Even a 15 percent surge in price last week didn’t thrust IOT prices into the top 10. At the moment, it is at the fringes but should prices recover, breaking above the minor resistance line of this bull flag and Aug 28 high volume candlestick, IOTA might displace Monero and USDT in the top 10.

After all, there is a high possibility of that happening and from our previous trade plans supported by candlestick formations of the last week, bulls seem to be in charge.

Notice that despite recent lower lows, prices are still oscillating inside Aug 28 high low and confirming Aug 17 bullish engulfing candlestick meaning mores long positions are entering the space.

Author: Dalmas N

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Crypto Price Analysis (BCH, XMR, ETH, XRP, EOS): Sept 3, 2018

After weeks of lower lows within Aug 17 high lows, most coins under our review broke above key resistance lines triggering set buys. Leading the pack is Bitcoin Cash which despite on-chain differences between nChain and Bitcoin ABC is up more 20 percent in the last week and trading solidly above $600, our last buy trigger line. Ethereum is lagging but could edge higher this week now that there has been a compromise on matters miner Ether rewards and adjustment of its network mining difficulty.

Let’s have a look at these charts:

EOS Price Analysis

News Highlights

As part of the BlockWorld 2018 conference, EOS was awarded as the best Blockchain protocol and platform for 2018. The event took place in San Jose, California and the theme was about developing the decentralized cloud where blockchain related topics as smart contract development and the future of internet took center stage. In all, EOS continues to chart the way in matters excellence, technology applicability as well as innovation. The Dan Larimer brainchild continue to dominate the CCID chart and in the last three months, EOS continue to top the chart as it is seen as one of the most promising platform to take on the pioneer of smart contracting and asset tokenization platform, Ethereum.

Technical Analysis

Though not perfect, last week ended up as bullish adding a massive 25 percent on a week over week basis. It’s understandable why gains were a stand out: EOS prices were basically in a consolidation before last week bullish engulfing and trend reversing candlestick. While we can make a trading recommendation from last week’s candlestick and ramp up longs in lower time frame now that we have a clear Morning Star reversal pattern right off $4, the best and the most prudent approach is to wait for conclusive thrusts above $7. This level is the immediate resistance line and buy trigger as laid out in our last EOS trade iterations.

Ethereum (ETH) Price Analysis

News Highlights

One side had to give way and well, it appears the Ethereum difficulty bomb hard code implementation would be delayed by another 18 months. Aside from that, miner Ethereum block rewards would go down to 2ETH from the current 3ETH. This is of course a temporary fix and ways to appease miners who can at anytime shift their hashes should they not find mining Ethereum profitable. Ethereum is preparing for the second hard fork as part of network transition to Serenity and road map towards proof of stake.

Technical Analysis

Like the rest of the market, ETH is up five percent but from the chart, prices are actually in range mode and yet to breach the first level of resistance at $330. Regardless, considering the general sentiment and gains, we suggest buying at spot rates with stops right at $250, the floor of this range. Reasonable first targets should be at $350 and later $400 assuming momentum is high.

XRP Price Analysis

News Highlights

Stefan Thomas’s Coil is in closed beta and as it uses XRP and InterLedger protocols, investors of XRP should find a reason to stay positive. Coil wants to solve one of the original sins of internet, the lack of in-build monetization systems via ILPs. Their main objective is to “level the playing ground for content creators”. Though the announcement for testing isn’t public, select parties have been invited for testing.

Technical Analysis

Overly, XRP is up three percent and encouragingly, it continues to reject lower lows steeling the resurgent buy momentum of the last couple of weeks. Even if the market is upbeat with most expecting break outs, XRP is yet to close above Aug 17 highs and as a matter of fact, prices continue to accumulate horizontally. From the charts, we can judge that buyers stand a chance simply from an effort versus result perspective—more than 12 days of sell attempts, bears haven’t managed to reverse Aug 17 gains. Because of this, traders can hold off trading but should engage longs once there is a break above that bull flag with immediate targets anywhere between 45 cents and 55 cents.

Monero (XMR) Price Analysis

News Highlights

A controversial report from research group, Satis places Monero valuation at $18,500 in the next ten years. That’s about x100 increase in market valuation at current prices making this privacy centric and high liquid coin one of the most sought after undervalued asset in the space.

Technical Analysis

A 24 percent surge in the last week means XMR did close comfortably in bullish territory in the process confirming bullish attempts of Aug 15-17. Notice that Aug 31 buy pressure did drive prices above the $100 psychological resistance level and Aug 17 highs and because of this, the path of least resistance seems to be on the upside. That’s why we recommend buying on dips in lower time frames with safe stops at $100–$110 is reasonable. As per our last highlights, first targets should be at July highs at $150.

Bitcoin Cash (BCH) Price Analysis

News Highlights

Encouragingly, Bitcoin Cash prices are immune to Bitcoin SV and Bitcoin ABC drama. With CoinGeek backing, Bitcoin SV launched an alpha version of Bitcoin SV as well as the full node implementation of BCH. Though BSV is struggling against Bitcoin ABC-which has 1444 nodes connecting via its software, the community is working towards striking a compromise between these two opposing camps.

Technical Analysis

A 19 percent gain in the last week and it’s a straight buy for Bitcoin Cash. It’s easy to see why. Not only do we have a confirmation of Aug 17 bullish engulfing candlestick after Sep 1 high volume and trade range trust above $600 but prices are actually trading above our buy trigger and immediate resistance line. In this case and as per our last recommendation, traders can begin ramping up longs in lower time frames with first targets at $750, $850 and ultimately June highs at $1,300.

Author: Dalmas N

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Crypto Price Analysis (BTC, DASH, XLM, XRP, EOS): August 31, 2018

Hard fork talks, OP_code activation and block size increment dominate in the Bitcoin Cash realm. If that will affect price we are yet to know but before November, the community will have a clearer picture of what to expect. Overly, the market is down and if yesterday’s momentum pick up then we might have a technical pattern—a trend resumption phase, picking up in most coins under our radar. Unlike others though, DASH is a stand out and it’s all due to that Aug 27 bullish engulfing pattern.

Let’s have a look at these charts:

Bitcoin Cash Price Analysis

News Highlights

• Bitcoin ABC and Bitcoin SV proposals continues. Risk of a hard fork elevated
• Traders can now buy or sell Bitcoin Cash (BCH) and other three coins via TradeIt on Yahoo Finance. After piloting the program in the US, Yahoo is now rolling the program worldwide but the only caveat is that this is possible at exchanges as RobinHood and CoinBase, which support TradeIt API.

Technical Analysis

On a weekly basis, Bitcoin Cash is up three percent but because of yesterday’s six percent loss, it’s likely that BCH will slow down as the week conclude.

Overly, remain positive and expectant of further gains as spelled out in previous BCH trade plans but should there be a dip below $500, our intra-range support line and Aug 17 lows, then we shall re-align our trade plan.

In this circumstance, the depreciation from around $600 would be a pointer of weak bulls and a confirmation of a re-test  phase and the resumption of bears within a bear break out pattern triggered by Aug 8 bear candlestick.

Before then, we recommend exiting longs while keeping in mind that moves above $600 effectively cancels this bear break out pattern.

XRP Price Analysis

News Highlights

• Australian traders can now trade XRP/AUD pair at Coinspot.
• Now available at Swaplab is XRP and three other cryptocurrencies. By adding these coins, the total number of tokens supported at this crypto-to-crypto exchange is up at 50. There plans of supporting fiat-crypto transaction when they incorporate MasterCard and Visa will increase Swaplab and listed coins exposure meaning there will be added liquidity in XRP.

Technical Analysis

From previous XRP trade plans, our positions remain clear. Then our longs depended mostly on momentum and how buyers would push and close above Aug 17 highs at 38 cents and 40 cents on the upside.

Well, judging from the charts, our trade plan didn’t come to pass and instead a confirmation of Aug 29 bears means prices are down and within Aug 17 lows.

Besides, it means prices are back in a consolidation and before we settle on a trade decisions, candlestick alignments are heavily stacked against bulls.

Once prices dip below 30 cents, we shall recommend shorts with stops above the break out candlestick with targets at 15 cents as bears resume their bear moves as set out by Aug 6-8 break out bars.

EOS Price Analysis

Even after market moving break out and follow through cementing Aug 17 bullish moves, EOS movements is finding a ceiling.

At around $7, the lower level of our resistance zone, bull momentum is waning out and what we have now is a three percent drop in the last 24 rejecting further upsides. In any case, we shall retain our prior trade plans but in case sellers dip and breach $5.5 cents, traders should exit their longs.

On the other hand, conservatives can begin loading shorts and syncing with the over-all eight month bear trend by selling on pull backs once prices edge below $4.5, our minor support line and Aug 17 lows.

Stellar Lumens (XLM) Price Analysis

News Highlights

• The Stellar Network set a new milestone after hitting 1 million accounts fueled mainly by the surge of new account registration since July 2018. During that two month window, 350,000 new accounts were activated according to recent statistics.

Technical Analysis

Contrary to expectations, this new milestone has not been well received. As a matter of fact, sellers are reversing the last two days gains and are down four percent in the last day.

At this rate, chances are the monthly support trend line flooring sell pressure would be broken opening doors for 18 cents—2018 lows, to be retested.

Regardless, we shall maintain a bullish outlook expecting prices to edge above 25 cents triggering bulls in line with our last trade plan.

On the reverse side, any dip below 18 cents and 8 cents would be the next realistic target for sellers breaking off a psychological level.

DASH Price Analysis

News Highlights

• Fuzex—DASH pay has signed a MoU which will see the launching of DASH supporting crypto cards. The service will launch in Q4 2018 and it is their expectations that it will drive the rate of coin adoption where the card will come in handy at point of sales.

Technical Analysis

Though most coins are failing to cope with sellers, DASH stands out. After Aug 27 high volume jut and clear rejection of lower lows at $170, our suggestion was to buy on dips in lower time frames.

While it still holds, we shall hold on to that projection unless of course there are strong sell waves reversing recent gains pushing back DASH below $130.

For now, it’s better to hold a neutral stand but any move above $200 would trigger a wave of buying with targets at $300 as spelled out in our last DASH trade plan.

Author: Dalmas N

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Crypto Price Analysis (ETH, ETC, ADA, TRX, XMR): August 31, 2018

All in all, the altcoins market is stable. Elon Musk’s comments on Ethereum might provide the much needed impetus while the inclusion of Monero in The Digital Asset Fund Index Fund created by Morgan Creek Capital Management exposes XMR to institutional investment. On the other hand, Tron – whose virtual machine will officially be launched today is already positioning itself for gains should it be received well by the developer community.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

News Highlight

At this point in time, it might be the side effects of Ambien combined with extreme exhaustion following his 120 hour-a-week routine work. Or, it could also be a real need of Ethereum that made him declare to the whole world that he needed ETH even if it was a scam. Well, we can’t really figure it out and some are speculating that it might be a high level sarcasm against Twitter who are having a rough time purging fake account and ETH scam artists making a killing from their illegalities. Nonetheless, that tweet alone triggered a market wide discussion and optimism for the crypto market which is in the road to recovery. Endorsement from market leaders as Musk definitely steels the market fast-tracking loss reversals in coins as ETH which is down 80 percent from 2017 peaks.

Technical Analysis

As laid out in our last ETH technical analysis, the coin is technically in a down trend especially when we take a top down approach.

However, when we consider recent movements, ETH is likely on a recovery and yesterday, the market was up three percent building on Aug 27 rejection of $250, our minor support line.

From our trade plan, risk off traders can begin taking long positions at spot prices while conservatives can load once we see conclusive movements above $330 or Aug 17 highs.

Ethereum Classic (ETC) Technical Analysis

News Highlights

• The 2018 Ethereum Classic Summit scheduled for Sep 12-13 of this year will be streamed live on YouTube from Seoul according to a notice from Zenix Exchange who are one of the partners in this year’s summit.

Technical Analysis

In real sense, ETC prices are all over the place but seems to be gravitating higher if the past two weeks price movements is anything to go by. Our initial recommendation was to sell on pull backs retesting $12, our previous resistance line and main sell trigger but since prices are now trading above $12 that plan no longer holds.

Instead, with a two percent gain in the last day building on Aug 28 breach and close above $12, our longs are active for aggressive traders looking to capitalize on the general altcoins recovery. So, in line with that, we suggest taking longs at current prices with stops at Aug 28 lows with first targets at $18 and later $25.

Cardano (ADA) Technical Analysis

As laid out in our last Cardano (ADA) trade plan, aggressive traders can sync with the trend by taking longs at current prices with stops right at 8 cents and first targets at 12 cents.

This first target doubles up as our immediate resistance line in an overly bearish market where Cardano’s prices are trading inside a bear break out pattern ignited by Aug 8 high volume and trade range break below $12.

On a conservative approach, bull traders can wait for a conclusive breach and close above 12 cents before ramping up longs with first targets at 20 cents and later 40 cents with stops at the break out bar lows.

Tron (TRX) Technical Analysis

News Highlights

• TRX is now available at Holland’s ICOCryptex.io
• Apple reviews and accept TronWallet. This means iOS mobile users can download and install the wallet safely from Apple Store. Once up and running, they can transact, check balances or even vote for their favorite super representatives straight from their mobile devices.
• Tron Foundation has removed another batch of more than 670 million TRX ERC-20 compliant tokens from circulation.

Technical Analysis

Even with a five percent gain in the last day, TRX is still struggling to break into the top 10. Nevertheless, this week’s series of higher highs complements late last week’s rejection of lower lows.

As a result, TRX prices are now trading above the bullish defining candlestick of  Aug 17 meaning traders can load at current prices and aim for 3 cents and later 4 cents—which doubles up as July 2018 highs.

Monero (XMR) Technical Analysis

News Highlights

• Taiwan’s ktrade.io lists Monero
• Monero has been included in a new, privately issued index fund specifically meant for institutional investors and managed by Bitwise Asset Management, The Digital Asset Index Fund. The crypto index fund is a creation of Morgan Creek Capital Management.

Technical Analysis

Like most coins, Monero is rising with the tide gaining 11 percent week over week. Though we expect a follow through previous bullish attempts of Aug 27 and a potential push above $110, our mid-range resistance line which capped yesterday’s gains, any retracement as long as it’s above $70 and not accompanied by high volumes should be considered as another buying opportunity. Ideal targets stand at $150 and later $300.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, DASH, mIOTA, NEO): August 29, 2018

It has been a long time coming and following periods of consolidation, altcoins prices are in the recovery seat posting greens. All altcoins under review continue to post impressive gains with DASH, IOTA, NEO and Cardano (ADA) to some extent reversing from main support lines. Because of this, today is another day for exiting shorts and loading longs in line with the new found momentum.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

News Highlights

Currently, the Cardano Foundation has a partnership with Runtime Verification where the latter is overseeing the R&D of Cardano’s new Protocol designed to make use of formal semantics and running on a new Virtual Machine. In line with this path, Cardano and IOHK has two testnets for their VM smart contract: IELE VM which is completely registry based and KEVM which is a construct version specified by Runtime Verification’s K-Framework.

Technical Analysis

Perched at eighth in the top 10 liquidity list, ADA is edging higher and building on Aug 27 bullish engulfing pattern that rejected lower lows towards 7 cents-the coin’s ATLs.

Though our ideal and conservative official ADA long triggers will only be finalized once we see prices edging and closing above 12 cents, our main resistance line and former support, we suggest risk off traders to take longs at current spot prices with stops at recent lows at 8 cents with first targets at 12 cents and later 20 cents assuming bulls keep up with this momentum.

NEO Technical Analysis

News highlights

AlphaCat, a cryptocurrency trading robot-advisor released mobile optimized ACAT store user guide for their users.

Technical Analysis

In the daily chart, Aug 17 and 27 bull candlesticks are high volumes and have wide trading ranges, a sure indicator of a bottoming if not a recovering market.

Our previous NEO trade plans mostly anchored on the reaction of prices at $22 or Aug 17 highs and the main resistance trend line sliding according to the direction of trend. After yesterday, not only did prices edge higher and break above $22 and that resistance trend line, but buyers did confirm Aug 17 and 27 bulls meaning our buys are now active.

Because of this, trading with the new found momentum with stops at $16 and first targets at $25 and $45 is reasonable.

DASH Technical Analysis

News Highlights

To further increase DASH global adoption, DASH now has a partnership with KRIPTO Mobile Corporation [KRIP] effectively increasing the coin’s user base in South America. While making the announcement at Caracas, Venezuela KRIPTO said they shall work towards creation of cheap smartphones pre-loaded with DASH supporting apps for banked/under-banked Latin America customers. Each of these phones will have a DASH paper wallet.

Technical Analysis

What we have in the daily chart is a nice bullish engulfing candlestick printing off the main support and bear target line at $160.

This trend reversing candlestick not only confirms bullish attempts of Aug 15-17 but signals short exits for bears.

As such, and cognizant to chart events, we recommend longs with stops at $160 and targets at $275, the upper limit of our trade range.

Ethereum Classic (ETC) Technical Analysis

News Highlights

PeaceBridge is the latest proposal for bridging Ethereum and Ethereum Classic chains and reducing high gas costs via trust-less custodians. These custodians are tasked with transactions verification.

Technical Analysis

Fundamentally, ETC is a solid buy and this view is supported from the way candlesticks are arranged.

As visible from the charts, ETC bulls are building up momentum following their rejection of lower lows after periods of consolidation in the last nine days or so. Even if it’s a technical buy, still prices are consolidating inside Aug 15-17 high lows.

So, since there is a wide spread market resuscitation of price which might actually lift off ETC, risk off traders can begin loading longs at current prices now that we have these series of higher highs likely to break above $12. In that case, stops would be at $11

IOTA (IOT) Technical Analysis

After Aug 27 high volume, high trading range candlesticks, our IOTA buys were activated. Considering the ways candlesticks are lined up, we suggest taking longs at current prices with stops at yesterday’s lows and first targets at 90 cents, our immediate and main resistance level.

Author: Dalmas N

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Crypto Price Analysis (BTC, TRX, EOS, XLM, LTC): August 28, 2018

Last week’s stand out was the mark of green by Bitcoin which added five percent against expectations. In the meantime, all coins under review were registering week over week losses but we expect a comeback in the altcoins market as this temporary arbitrage—thanks to the overwhelming positive correlation—is corrected. On focus this week is Tron and should the community receive their TVM, we expect prices to spike to new levels.

Bitcoin (BTC) Technical Analysis

News Highlights

Whether Bitcoin is a store of value or not is always an open subject and a never ending debate. Fact is, the way BCH and BTC are evolving towards is the very sore point of Bitcoin and Bitcoin Cash purists who hold sharp and diverging opinion on what Satoshi long term gain of Bitcoin. Alexis Ohanian, is the recent crypto influencer to wade into the debate saying over the long run, Bitcoin shall gain more traction as the store of value and that despite its price fluctuation, the Reddit co-founder and investor has “deep” interest in cryptocurrencies. The serial investor believes Bitcoin is especially important for economies with unstable currencies and such scenarios, the intrinsic use of Bitcoin more as a store of value than medium of exchange will give the pioneer crypto “real” traction.

Technical Analysis

After an impressive five percent gain at close of last week, BTC bulls did follow through yesterday.

While we didn’t have these humongous headline grabbing candlesticks, the fact that prices did stabilize around the lower limit of our support zone at $6,800 and $7,000 reveals a lot about bulls.

In any case, our stand is bullish and as far as optimists are concerned, any break above $7,000 and $7,200 would inevitable usher in a wave of buy pressure in line with our previous Bitcoin technical analysis.

EOS Technical Analysis

Should buyers keep up and add to yesterday’s 13 percent, our EOS longs would be activated according to our last EOS trade plan.

As laid out then, our immediate long triggers were at $5.5 cents on the upper hand and $4.5 on the lower end—that’s in case sellers neutralize this recent price revival.

Now, considering price action, all we need is a thrust above that resistance line and that is likely to happen today especially if we bring into the picture recent higher highs and rejection of Aug 17 lows, a candlestick which has been defining price action in the last week or so.

Tron (TRX) Technical Analysis

News Highlights

• Well, many didn’t expect Porn Hub to be faithful. They now accept PumaPay after the initial TRX buzz subsided.
• Account holders at Kucoin can now buy and sell TRX against ETH or BTC beginning today.
• After launching TronWallet, developers are now adding an address book and multiple accounts capabilities where a user can split operations into multiple accounts on the wallet as demanded by the community. Besides, the wallet is available in five languages complete with over 100 bug fixes.

Technical Analysis

Even after adding eight percent yesterday, TRX is yet to break into the top 10.

Encouragingly though, there are hints that the TRX market shall recover and edge higher not only from a top down perspective but more so from the way recent bull candlesticks have lined up.

Notice that after yesterday, TRX bulls have confirmed Aug 17 bullish engulfing pattern and as it stands, we recommend taking longs with stops at 1.9 cents with first targets at 3 cents and later 4 cents.

Stellar Lumens Technical Analysis

News Highlights

Fintech LTD is a DEX built on the financial centric Stellar Network and with a stable coin, WSD, Stellar Lumens (XLM) owners can now convert their coins to fiat—USD, Euro and GBP, without the need of a third party.

Technical Analysis

On a neutral perspective, Stellar Lumens prices have been all over the place shortly after that Facebook rumor.

Though it was a necessary shot in the arm in the face of resilient sellers, XLM seems to be steadying and rejecting lower lows going by price action.

Even if Stellar Lumens is consolidating horizontally and our trade plans are yet to be activated, odds are the rapidly changing altcoins sentiment will help raise XLM above 26 cents triggering buys aiming for 40 cents and later 50 cents.

If not and say there is a dip below that monthly support trend line, then we might see a breach below 18 cents with bears digging for 8 cents.

Litecoin (LTC) Technical Analysis

News Highlight

The community is rightly concerned about the lack of inactivity by Litecoin at GitHub. As reported by GitHub charts, other high liquid coins as Bitcoin and EOS are active and posting commits on a regular basis unlike Litecoin whose last update came in April shortly after their partnership with CoinBase.

Technical Analysis

Technically, Litecoin prices are moving inside a bear break out pattern after periods of extended consolidation between June and July.

So, even if our trade conditions are met and prices surge above $65 retesting $70, we still need a high volume close above $70—our immediate resistance line to cancel out this bear projection which is solidly backed by the eight month sell streak.

Because of this and the change in sentiment, our instinctive recommendation is to initiate longs at spot with a safety net at $50 should our projection fail. First targets is $70, $90 and later $110.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, DASH, NEO, mIOTA): August 27, 2018

Aug 17 bullish candlestick is limiting upsides and downside in most coins under our preview. As we have pointed out, NEO, Cardano (ADA), DASH and IOTA prices are all moving inside this bar and while breakouts looks imminent in IOTA and NEO, failure of further gains shall damp bulls’ upbeat expectations and consequently drain momentum.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

In two weeks, Cardano (ADA) prices continue to consolidate and move horizontally within a 3 cents trade range with lows at 8 cents and highs at 11 cents. Overly, we remain bearish on ADA and advised from the candlestick arrangement and more so that Aug 8 break below 12 cents, our main support and sell trigger line, it’s going to take a lot of convincing before we embark on buying.

It’s simple to see why it’s a tall order for buyers to get back in trade and cement their position even if sentiment has been warming up to bulls: the last eight months was bearish. Additionally, despite encouraging gains on Aug 17 gains, the follow through have been dismissive for buyers to say the least.

For now, we shall take a bearish stance until after there is a surge above 12 cents—our last support now resistance. If not and prices dip below 7 cents—Cardano (ADA) ATLs then we shall short on every pull back with stops at 10 cents.

Ethereum Classic (ETC) Technical Analysis

News Highlights

• Bittrex has enable ETC/USD trading for all verified account holders with accounts before Aug 1.
• With latest Saturn Wallet update, ETC token holders can now send tokens directly without the need of MEW or CEW.

Technical Analysis

On a day to day basis, ETC continues to oscillate between stable and bearish. In the last 24 hours for example, ETC is down one percent and on a weekly basis, the rejuvenated coins is down eight percent according to statistics.

Traders can easily see that in the daily chart and while we remain bearish now that prices are below $14, the lower limit of a previous consolidation range and sell trigger, any follow through of yesterday’s bull hints would effectively nullify this projection.

Still, that won’t mean longs for risk averse traders because as per our previous Ethereum Classic (ETC) trade plans, we need strong gains above $18 for that position to hold true.

However—and if there are sustained gains, risk off traders can begin loading longs on lower time frames with stops at $12 and first targets at $18 and later $25.

DASH Technical Analysis

News highlights

It might require one to use 5 DASH to propose amendments in the network but with the overwhelming voice from the community dissenting DASH Core Group CEO Ryan Taylor calling for his ouster speaks tones about DASH governance at work.

Technical Analysis

Unless otherwise, DASH is trading within a bear break out pattern ignited by Aug 13 bear candlestick breaching the $160 main support floor.

As it stands, last week’s nine percent loss isn’t doing much to steel buyers expectant of recover and as laid out in our previous DASH trade plan, traders need to see high volume, wide trading range bar reversing recent losses printing above $180 before we suggest buys.

That would inevitably cancel our sell projection and perhaps oil the next wave of buys aiming for the upper limit of our previous DASH trade range at $280.

IOTA (IOT) Technical Analysis

News Highlights

The IOTA Foundation on Aug 25 released the beta version Trinity Wallet desktop version.

Technical Analysis

Taking into the account recent price swings, IOTA is undoubtedly one of the most volatile coins in the top 10. Though hovering between stable to bullish going by yesterday’s and last week’s gains, prices are still confined within Aug 17 high low and we might as well take a neutral stand.

Short term bulls will be back on track once 65 cents resistance line is cleared and in that case entering trades at spot prices with first targets at 90 cents will be a nice trade plan.

If not and there is a break out below 45 cents triggering short term sells, then odds are IOTA will be on its way back to 30 cents.

NEO Technical Analysis

News Highlights

There is a new NEO compiler, NEO Storm, allowing dApp developers to write code in Golang based smart contracts which are then compiled on NEO VM ready for launch in the NEO blockchain.

Technical Analysis

As most coins under our review today, NEO is struggling against bears and most importantly rejecting lower lows.

For validation of our long projections then we need to see gains above $22 and in that case a breach above the main resistance trend line or Aug 17 price confining candlestick.

Immediate targets would be at $30 and later $45.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, mIOTA, DASH, NEO): August 21, 2018

On a weekly basis, most coins under our radar are in the green territory with some as IOTA registering 25 percent gains. Contrary to expectations, technical charts print a different story. In reality, IOTA prices—like most aside from DASH which is actually a sell, continue to oscillate horizontally inside Aug  17 high low.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

News Highlights

• Marlowe is the latest innovation by Cardano’s IOHK. As a domain specific language with user cases mainly in financial contracting, this special language is founded in Haskell—Cardano’s coding language. For ease of use, Marlowe can also be embedded in other languages for easy smart contracting purposes but developers insist that for efficiency users should know how smart contracts work once in the blockchain. It’s along this vein that Meadow, a web tool written in Haskell and partly compiled by Haste compiler, was developed and its main function is for “construction, revision and simulation of smart contracts” written in Marlowe.

Introducing Marlowe. A financial DSL to fundamentally reinvent wall street https://t.co/LL3yzRXF6D coming to Cardano

— Charles Hoskinson (@IOHK_Charles) August 18, 2018

• Speculation is Ledger will offer support of ADA via a firmware implementation by the end of the year as part of Shelley release in Q4 2018.

Technical Analysis

Week over week, Cardano (ADA) is up six percent with most gains recorded towards the last half of last week.

However, while that morale boosting gains are all over the news, we are yet to see movement on the chart and in real sense, our bearish break out pattern and official sells triggered by Aug 8 candlestick is valid.

In any case, yesterday’s bears-successfully reversing Aug 17 gains-continue to damp positive sentiment and unless otherwise, we suggest selling  should today end up bearish breaking off the four day consolidation after close of that three bar bullish engulfing candlestick of Aug 15-17.

Ethereum Classic (ETC) Technical Analysis

News Highlights

• Though traders from select US states and verified international accounts are free to trade the ETC/USD markets, the fact that Bittrex will allow direct purchase of ETC straight from the account holder’s bank account in a secure and convenient manner is overly positive for ETC’s liquidity.

Today, we’re adding XRP and ETC to our USD (Fiat) markets in addition to previously announced USD pairs for Bitcoin (BTC), Tether (USDT), TrueUSD (TUSD) and Ethereum (ETH). Details: https://t.co/VEZA7L3rb6 pic.twitter.com/bDdFRP2FFQ

— Bittrex (@BittrexExchange) August 20, 2018

• Interested ETC miners can join Ethereum Classic Mining Pools here.

Technical Analysis

Perched at thirteenth in the liquidity table, ETC is up 17percent in the last week and though that might be a massive gain, prices are actually trading below the main support line at $12.

As per our last trading plan, ETC is technically bearish now that bulls couldn’t muster enough momentum and capitalize on last week’s classic morning star pattern complete with a conspicuous pin bar.

Considering the general sentiment in the market, buyers would be back in track only if they edge past $15—Aug 17 highs and later $18—the upper limit of this consolidation and official buy trigger as laid out in last ETC trade plans. If not, then we recommend shorts especially if today end up bearish closing below $12.

DASH Technical Analysis

News Highlights

• Often, different digital assets tend to receive media’s attention when registering gains especially in bull markets as we saw last year. While many expect market turnarounds, DASH is laying the framework for further adoption with most analysts touting DASH to be the first cryptocurrency to be used as money around the world. In Venezuela, use of DASH is widespread with people using it to transact, paying for common utilities and even food rather than holding them for speculation.

Dash definitely isn’t missing the trend, I think you should check this out https://t.co/6xrO1yiKtg

— Matt Meek (@mattmeek_dash) August 18, 2018

Technical Analysis

In two short months, DASH prices are now trading below two key support lines at $270 and $160 as the daily chart shows.

While we remain bearish, last week’s events and failure to breach and close above $160 goes on to show how bear momentum is strong.

It’s solely because of this that I recommend trading with the trend and taking sells at spot price with stops at Aug 18 highs at $170 and first targets at $100. This DASH trade plan will only be nullified if we see high volume thrust above our immediate resistance line—at $170.

NEO Technical Analysis

News Highlights

• Wallet maintenance at Kucoin is complete

We have finished upgrading the NEO wallet and now users can withdraw RPX tokens. Please be aware that the deposit address of NEO/GAS/RPX have changed, users must re-apply deposit address again. Thanks everyone for your patience and always support to KuCoin! $KCS $RPX

— KUCOIN (@kucoincom) November 11, 2017

• Binance resumes withdrawal of NEO and GAS
• Qihoo 360 Core Securities confirmed that it is actually possible to crash the whole network by DDoS attacking the seven NEO master nodes. For their effort, the team was awarded 10,000 NEO coins with the NEO team releasing a fix within an hour of the report.

Technical Analysis

The resistance trend line in the chart is negative sloping meaning the trend is bearish and counter intuitive to fade the market by opening long positions.

That was the case by the end of last week when a Morning Star bull reversal pattern printed signaling the potential of higher highs in the market.

Though that didn’t materialize, chances bears will resume their trend going forward. In that case, sells will be valid once we see prices closing below $15-the bottoms of this seven day consolidation.

On the flip side, buyers would be back in contention should we see bulls pushing above that resistance trend line as they aim to test $25.

IOTA (IOT) Technical Analysis

News Highlights

• Forex and Crypto platform, eToro, avails IOTA CFDs.

We are pleased to inform you that our selection of cryptocurrencies is continuing to expand, and IOTA is now LIVE on eToro. #newasset #cryptocurrency #IOTA

— eToro (@eToro) August 20, 2018

Technical Analysis

In the daily chart, IOTA prices are still moving inside Aug 17 high low.

While the trend is bearish, there is optimism across the market and the only way that hopium will be real is when prices edge past Aug 17 highs at 60 cents.

Before then, we recommend pausing trades and waiting for proper trend definition though it’s likely that the markets will be stuck in an extended consolidation following the last three weeks depreciation of prices when prices dropped below 90 cents registering new 2018 lows.

Author: Dalmas N

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Crypto Price Analysis (XRP, ETH, XMR, BCH, EOS): August 20, 2018

On average, most coins including the dominant Bitcoin and Ethereum (ETH) are swinging between bullish and bearish gaining three percent as they end the week on a high. Regardless, traders need a lot of convincing before loading up longs and perhaps that might happen this week more so if there is a follow through of last week’s rejection of lower lows. In any case, our trade plan anchors mostly on how buyers react at immediate resistance and previous sell trigger lines.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

Contrary to our expectation-after that three-bar bull reversal pattern, gains are capped and trading below $320, Aug 17 highs. Though there are chances of upsides, fading a clear bear trend especially when we consider a top down approach is counter intuitive.

Nevertheless, our suggestion for low size long position specifically for risk-off traders is advised from Aug 13 high volume pin bar rejecting lower lows.

As visible from the chart, buyers are building up their gains from that candlestick and though gains are limited, buying at spot prices with stops at $270 and first targets at $370 meshes well with the current positive sentiment and bottoms expectations.

Bitcoin Cash (BCH) Technical Analysis

Week over week, BCH is still down three percent but still yesterday ended up bullish with Roger Ver’s coin adding two percent ending on a high in the process.

Even though this is position and hints of slowing bear momentum and a possible bottoming market, bulls need to breach and close above $600, our immediate resistance line and former sell trigger line.

In any case, our previous Bitcoin Cash trade position is still valid as long as prices are trading below $600. With this, it means our sell recommendation on any retests and rejection of highs above $600– more so if a high volume bearish engulfing pattern prints around our resistance line damping buy momentum–is valid.

On the reverse side, any convincing close above $600 means a confirmation of end of last week’s morning star pattern and the beginning of a potential reversal that might drive prices towards $850, the upper limit of our last consolidation.

XRP Technical Analysis

News Highlights

The topic of regulation is always a contentious subject in the crypto realm. It is even sticky in the ICO world and as an innovative fund-raising model, regulators are always finding ways of weeding out scammers taking advantage of investors who more often than not compelled by the hype around the project and fail to do their own research. It’s along these lines that Warren Davidson said Ripple is one of the 32 crypto leaders invited for a discussion at the Capitol Hill on the best ways to regulate this fund-raising model. The meeting is scheduled for Sep 25, 2018.

Technical Analysis

Though XRP keep swinging from positivity to bearish, our short-term longs were activated after Aug 17 bull candlestick. While many expected a follow though confirming that bullish engulfing candlestick, it appears as if upside momentum is waning as buyers are yet to clear that trend reversing candlestick at 40 cents.

As spelled out in our last XRP trade plan, risk off traders can initiate long trades at spot rates with stops at 30 cents and first targets anywhere between 45 cents and 55 cents in the upper side.

Any high volume thrust above 55 cents nullify our short projections and provides the next impetus for the next wave of buyers aiming at 70 cents.

EOS Technical Analysis

A four percent gain in the last 24 hours and prices are pretty much stuck within Aug 17 high low. In any case, this could hint of bears who are overwhelmingly in charge especially when we take a top down approach.

From the daily chart, EOS buyers need to cement their long positions by thrusting and closing above $7, our immediate resistance level. In the meantime, aggressive traders can begin loading up small position longs at current spot prices with stops at Aug 17 lows at $4 with first targets at $7.

Before then and as per our previous reiteration, conservatives shall take a neutral approach with a heavy bearish leaning.

Monero (XMR) Technical Analysis

Based on candlestick formations in the daily chart, potential supports might be found anywhere between that $120—right around previous support trend line–and the upper limit of the current channel at $150.

As such, the best approach to trade this pair considering the current realignment of candlestick formation is to pause trading and take a wait and see approach as to whether bulls will drive prices above Aug 18 bear pin bar highs or if sellers might resume their drive and clip end of last week’s gain by closing below $85.

Should the latter be the case, then we shall initiate sells in every high once bears close below our previous bear target and main support line at $70. Ideal bear targets would be at $40.

Author: Dalmas N

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Crypto Price Analysis (ETH, ADA, ETC, XMR, TRX): August 17, 2018

Even though there are hints of higher highs across all coins under our radar, there shouldn’t be excitement and even hopes of reversal of this bear trend yet. As far as price action is concerned, Ethereum, Cardano, Tron and Monero are trading inside Aug 13 strong bear candlestick and as long as prices are confined inside this bar, sellers are in charge. For reversals, then our trade plan is clear. Cardano (ADA) or Tron (TRX) buyers must build up enough momentum to blast past immediate resistance at 12 cents and 2.2 cents to 2.5 cents respectively.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

News Highlights

Unlike most smart contracting platforms as Ethereum for example, Cardano is peer reviewed and research driven that’s why they take their time to unveil new products or make updates. Slow and sure they are but the results are above par just like Yoroi and Icarus. In their latest video announcement, Emurgo led by Ken Kodama who is also the founder of Cardano said this new wallet is light, reliable, user intuitive and above all secure since it has been audited. Its TestNet will be launched this month with the mainnet scheduled for next month.

Technical Analysis

Still perched at eighth in the liquidity list, ADA is down three percent in the last day and reversing Aug 14 foundation for higher highs. From our last ADA technical analysis, we were net short following that dip and close below 12 cents.

As marked out then, 12 cents was our main support line and sell trigger with any close below that confirming a bear break out pattern with targets at 7 cents, the coin’s ATLs.

At current prices, our trade plan is on course and we suggest shorting on every low in lower time frames, sync with the trend and eye at 7 cents.

Ethereum Classic (ETC) Technical Analysis

News Highlights

Beginning Aug 16, retail traders can now buy, sell and even store Ethereum Classic (ETC) coins at CoinBase. That simple news alone means there is enough liquidity at CoinBase boosting ETC prices by over 25 percent in the process.

Technical Analysis

From a technical point of view, ETC prices are all over the place and still caged inside a $6 trade range. Yes, we can see that nice three bar bull reversal pattern but then yesterday’s high volume thrust confirms reversals and yanks prices back into a trade range.

In this case, there are two ways we can apply to trade this coin. Risk off traders can begin ramping longs with stops at $12 and first targets at $18. On the other hand conservatives can take a somber approach, wait for close above $18 before executing longs in line with our last Ethereum Classic (ETC) trade plan. Ideally, both approaches leverage on positive sentiment around CoinBase launch with targets at $25.

Tron (TRX) Technical Analysis

Countering on chain platform developments and partnerships, Tron (TRX) prices continue to sink both in value and market cap. Fact is, there has been a minor flip with Monero more valuable that IOTA and TRX at current spot prices.

Technically, we expect more losses now that TRX bulls are yet to reverse Aug 13 high low and immediate stops at 2.2 cents. Our trade plan is straight forward: bears are in charge across the market and like most coins, TRX broke below 2.5 cents on Aug 8 triggering sellers targeting Jan 24 lows.

In the run up to these levels, we recommend shorting on very pull back with reasonable stops anywhere between 2.2 cents and main resistance line—the break out level—at 2.5 cents.

Monero (XMR) Technical Analysis

This privacy centric coin is one of the top performers this week. Though our first target at $70 was narrowly missed, today will shape our shorts because any bullish confirmation automatically leads to short exits.

On the other hand, any lower low below $80 or Aug 15 low will re-assert our trade position. Either way, trading against the trend and buying is not what we recommend. The only time that will happen is once we see bulls pushing above $110 or Aug 8 highs accompanied by high volumes building up from Aug 15 and 16 bull candlesticks.

Ethereum (ETH) Technical Analysis

News Highlights

News is Liechtenstein Cryptoassets Exchange [LCX] have partnered with Binance and with the new collaboration, a new crypto-fiat exchange will be launched in Liechtenstein to be named Binance LCX. Binance experience in crypto will come in handy for running and maintaining the platform while LCX will implement compliance and coin regulatory approval. Customers shall trade ETH/CHF or Euro and BTC/CHF or Euro.

Technical Analysis

Like most coins under our radar, we maintain a bearish stand on this coin for simple reasons. Yes, there are pockets of buys but other than that bear pin bar of Aug 14 the follow through candlesticks have long upper wicks signaling sell pressure.

Going by this preview, we recommend shorting on every high as long as prices are trading below $330 or Aug 13 highs. Should prices edge past $330 then we shall wait for a retest of $350, our previous support now resistance line, and any rejection of higher highs will usher be a perfect entry for sellers to trade with the trend.

Author: Dalmas N

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Crypto Price Analysis (XLM, BTC, EOS, LTC, TRX): August 15, 2018

Surprisingly, Bitcoin (BTC) and Stellar Lumens (XLM) are two coins that are resilient absorbing sell pressure. Even though they are down, their losses are lower when compared to some as EOS and IOTA that are deep in the negative territory. Regardless, sellers are still in the forefront and we might see further losses especially in the altcoins market should we see a Bitcoin price dip below $5,800.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

News Highlights

Following the steps of crypto friendly Gibraltar, Jamaica Stock Exchange (JSE) will soon allow investors to easily trade Bitcoin and other digital assets with assistance of Canada’s Blockstation. With a MoU already in place, investors will safely and securely trade cryptos within a regulator’s approved space and in the process becoming one of the first stock exchanges to allow crypto trading.

Technical Analysis

There is a tad bit of stability within the market and as long as BTC prices are held above $5,800—our main support and sell trigger line, there is hope for buyers.

In previous Bitcoin (BTC) price analysis, we insisted that buyers would be back in contention should there be a high volume up thrust above $6,800.

On the reverse side, any dip and close below $5,800 and the rest of the coin market—especially those without supporting fundamentals—would likely be dragged lower.

So, before any of our trade conditions are met, staying neutral with a bearish skew is but a safe trade strategy.

Stellar Lumens (XLM) Technical Analysis

News Highlights

Fundamentally, Stellar Lumens has been reaping it big since that big Facebook rumor. Then, grapevine had it that Facebook was actually planning on launching their own cryptocurrency on the Stellar network and while Facebook officials met with Stellar team members, the social media giant has since poured cold water on these hot rumors though it helped stabilize price for a while. Nevertheless, Facebook interest in blockchain and cryptocurrency cannot be brushed aside because they have a former board member of CoinBase–David Marcus, leading their own blockchain team.

Technical Analysis

Thanks to the overall slide in altcoins prices and especially EOS, Stellar Lumens is now the fifth most valuable coin in the sphere with a market cap of $3.96 billion at the time of press.

That however didn’t stop sellers from clipping a little bit of XLM valuation since the coin is now trading below 22 cents our previous buy trigger line. As it is, we urge patience until after there is a thrust above 26 cents—Aug 4 high volume bear highs or 18 cents, 2018 lows.

Though odds are we might see a follow through as XLM prices sync with the general trend, still conservatives should hold off until our trade plans are met.

On the flip side though, aggressive can short at spot price with stops at Aug 13 highs at 24 cents with immediate targets at 18 cents and later 15 cents.

EOS Technical Analysis

There has been a flip all courtesy of EOS sliding 35 percent in the last week alone and further shedding seven percent in the last 24 hours helping push price towards $4.

As elaborated in our last EOS trade plan, $4 is our main support line and 2018 lows and from a risk reward ratio it doesn’t make any trading sense to short at current prices. As we can see, prices are less than 50 cents away from the main support line and sell target and because of this, we suggest staying neutral with a bearish inclination though those who are net short should move their stops to break even or even lock in some profits.

Now, should there be a high volume break below 2018 lows at $4, then selling on pull backs with stops at $4 and first targets at $2 would be our trade strategy going forward.

Tron (TRX) Technical Analysis

News Highlights

Justin Sun’s recent acquisition and Tron’s subsidiary, BitTorrent is now one of the platform’s Super Representative.

Technical Analysis

Despite these rampant sellers, it appears likely that we might see support today and this is all because of yesterday’s candlestick. As we can see, we had that long lower wick with a small upper wick indicating that Tron was rejecting lower lows.

If that pressure spills over to today then we might see TRX slashing their losses and slowing down the drop towards Jan 24 lows, our ultimate bear targets.

On the flip side though, the only candlestick formation that can cancel this projection is if TRX buyers muster enough momentum print above Aug 13 highs at 2.2 cents and eventually retest 2.5 cent s at the back of abnormally high trading volumes.

That would show support and increasing market participation but still we need prices to close above 2.5 cents before cancellation of our short sell.

Litecoin (LTC) Technical Analysis

News Highlights

Charlie Lee continues to pitch Bitcoin and in a tweet he said Litecoin atomic swap feature will effectively make Litecoin Bitcoin’s side-chain secured by the latter’s proof of work mining and hash rate.

Technical Analysis

A 24 percent week over week loss compounded by a seven percent decline in the last 24 hours is fast driving Litecoin’s prices towards Q4 2017 lows and first bear targets. But, while bears are been in the forefront in the last two weeks or so, we don’t recommend sells as our risk reward ration locks us out.

It won’t make sense to say the least now that we have that nice rejection of lower lows after yesterday’s bear pin bar close.

For trend continuation, sellers should build enough momentum and breach that $50 floor and when that happens, traders can resume their sync with the trend selling at spot with stops at yesterdays high at $50-$55 with first targets at $33 or Q3 2017 lows.

If not and there is support, any close above Aug 10 highs at $65 cancels this Litecoin sell projection.

Author: Dalmas N

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Crypto Price Analysis (NEO, DASH, mIOTA, ETC, ADA): August 14, 2018

As traders sync with this bearish market, NEO, DASH, IOTA and Cardano have new 2018 lows with ADA especially seeking to print lower than its all-time lows at 7 cents. In the meantime, IOTA, DASH, NEO are registering double digit losses as ETC test $12 reversing June 2018 gains in the process. Either way, the altcoins picture is gloom but then it’s an opportunity for keen traders to load at a discount and hodl.

Let’s have a look at these charts:

IOTA (IOT) Technical Analysis

From the News

No doubt, Olaf van Wijk is an influencer in the world of IoT and as a member of the IOTA advisory board, his work-the IOTA Pay-proves his mantle. Olaf wants to change the donation user case of IOTA-remember, IOTA Foundation has a partnership with UNOPS. Therefore, finance and donation is just but another application that IOTA Pay solves. It’s something within the network and it is the public nature of transactions and addresses within the Tangle that drove Olaf to come up with a solution that boosts addresses security. IOTA Pay does that and though it’s a work in progress, it remains open source and transacting is free.

Technical Analysis

Needless to say, IOTA is still struggling with bears and after dropping more than 45 percent in the last week alone, the bear break out and close below 90 cents by week ending Aug 5 was a standout. Even though at current prices IOTA is a tad bit stable, it continues to shed value and in the last day it is down two percent as it oscillates within Aug 11 high low.

In any case, we expect a confirming follow through this week but before that happens, a recovery retesting immediate resistance at 65 cents is ideal. From the way candlesticks are set, selling at spot price with first targets at 30 cents or Q4 2017 lows and stops at yesterday’s highs make perfect sense.

Ethereum Classic (ETC) Technical Analysis

News Highlights

Bittrex, the 23^rd largest cryptocurrency exchange in the world, will avail ETC/USD markets to their clients. Though Ethereum Classic continues to draw attention in recent times following that market boosting announcement by CoinBase that it had plans of listing the coin, only verified international customers and select trading accounts from California and other US states would trade.

Technical Analysis

Like the rest of the market, ETC is struggling to stay afloat. Now, as projected in our previous ETC technical analysis, our shorts are live following that nice double bar bear reversal pattern right off resistance at $18 on Aug 6 and 7.

On top of that conspicuous reversal pattern and long upper wick of Aug 7, there was a spike in trading volumes meaning sellers were back in contention. Since our first targets at $12 are likely to be hit today, I recommend holding off trades or for those who are short moving their stops to break even until after we see a high volume break below $12, our main support line and 2018 lows.

Once that happens, we recommend shorting with stops at $12 and first targets at $12. On the flip side, should ETC find support and prices reverse strongly from June 2018 lows, then we suggest exiting shorts.

Cardano (ADA) Technical Analysis

From the chart, Cardano (ADA) is down 18 percent week over week and with a five percent dip in the last day, ADA prices are trading well below our main support line and sell trigger line at 12 cents.

Now, as far as price action is concerned, our previous Cardano (ADA) trade plan is live thanks to Aug 8 high volumes break below 2018 lows at 12 cents.

So, dictated by that ADA price analysis, we shall zoom in to lower trading charts and short on every high as we aim for the first bear target at 7 cents which is ADA’s ATLs. With every sell, ideal stops should be fixed at Aug 13 highs while those who sold right after bears melted through 12 cents should move their stops to break even.

NEO Technical Analysis

News Highlights

Aphelion, a project running on the NEO blockchain, has officially launched a mobile web wallet. Aphelion is a DEX and the mobile wallet is available for both iOS and Android users. With it, users can easily send and receive NEP-5 tokens, GAS and NEO, check their NEO portfolio and transaction history.

Technical Analysis

Obviously—and like the rest of the market—NEO sellers are pressing the gas pedal aiming for $12 and maybe NEO’s ATLs at $4. It might be a pessimistic view but then the confirmation of the third phase of our bear break out pattern set rolling by June 12 bear candlestick dictates our preview.

Since prices are now trading below $25, the path of least resistance is southwards and edging closer towards our next supports at $12 as laid out in our previous NEO technical analysis.

To avoid trading against the market, I suggest selling at current spot prices with stops at $23 with first targets at $12. Those who bought earlier can move their stops to break even or lock in some profits.

DASH Technical Analysis

News Highlights

• You can donate to the DASH Treasury at dashdonates.org
• Bitmain owns 312,000 DASH coins. This indirectly means Bitmain controls 312 DASH master nodes.

Technical Analysis

By dropping 28 percent in the last seven days and 10 percent in the last day, our first bear target at $150 has been hit. However, that means we should exit our shorts instead, traders can still open more short positions after yesterday’s close below $150 which is also 2018 lows. Next targets would be $120 and later $70, key support line in 2017.

Author: Dalmas N

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Crypto Price Analysis (EOS, ETH, XRP, XMR, BCH): August 13, 2018

It’s an obvious altcoins price slide and with XRP and EOS leading the loss, it seems like the floor will come after some weeks. For now, it’s likely that last week’s events would be confirmed and in that case we recommend shorting on every high in lower time frames.

EOS Technical Analysis

If anything, our EOS trade plan is well on course and with every bear candlestick that prints, bears are slowly inching towards our first target at $4. As highlighted in previous EOS trade plan, $4 doubles up as our immediate support line and 2018 lows and that’s why it is important in our analysis.

Since the third stage of the bear break out pattern set in motion by Aug 7 break below our intermittent support at $7 is active, we recommend selling on highs in today and in days to come.

All things constant, we might see a pull back towards $7 as a form of compensation—this often happen following periods of rapid gains or losses—and instead sellers could find perfect liquidation points at or around $7—our immediate resistance line with stops at $8 and targets at $4 as laid out in our the last EOS trade strategy.

Ethereum (ETH) Technical Analysis

By dropping 20 percent on a weekly basis, ETH is now trading at multi-level lows printing new 2018 lows in the process. From that chart we can see that not only did bears broke below June 2018 lows at $400 but bears did press lower breaching $350 and ETH prices is now $50 away from testing Q4 2017 lows. Either way, we are net bearish especially after last week’s events. In line with our Ethereum (ETH) trade plan, we recommend selling on every high in lower time frames with stops at $350 and first targets at $275.

XRP Technical Analysis

News highlights

The XRP community wants Binance to make XRP base following that direct endorsement by Weiss Ratings. After the independent ratings agency carried out their own online survey on Twitter, Weiss came to a conclusion that XRP is cheap and fast when moving funds from one exchange to another.

Technical Analysis

Impeded by SEC failure to categorize the coin and as Ripple the company struggles with law suits, XRP prices is taking a beating. It’s one of the leading coins which registered high losses following their 30 percent drop by close of last week.

Either way, this is what was expected when sellers drove prices below the lower limit of our support at 40 cents two weeks ago. Now, as spelled out in our prior XRP trade plans, we suggest selling XRP at current spot price with stops at 35 cents and take profits at 15 cents.

In the meantime, those who sold after 40 cents should lock in some profits and retain the same bear targets.

Monero (XMR) Technical Analysis

Though we might point out the last two days candlestick and remain optimistic of a recovery, you should note that the high low of those two candlesticks are actually confined by Aug 10 bear engulfing bar.

That undoubtedly means sellers are in charge even from an effort versus result perspective. Anyhow, Aug 10 bear engulfing candlestick broke below the psychological $100 support line and at current spot prices we suggest selling on every high with first targets at $70 and stops at $100.

Bitcoin Cash Technical Analysis

News highlights

As the ASIC manufacturer Bitmain prepares for an IPO, news is it held more than one million BCHs by March 31 and just 22,000 BTCs at the same period.

Technical Analysis

There are two approaches here, those who sold BCH at around $700 when sellers confirmed Aug 2 break below the main support trend line can now lock in some profits.

For those planning to enter, I suggest selling at current spot prices with stops at $600. The reason for this is pretty simple. First, notice that we have a whole bear candlestick closing below our main support line and following through on Aug 8 break out.

Secondly, not only are current prices new 2018 lows but we have a clear multi-level close below  important support line at $600 and earlier at $750 when bears closed below the monthly and yearly support trend line.

Author: Dalmas N

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Crypto Price Analysis (BCH, EOS, DASH, XRP, XLM): August 10, 2018

Price wise, the week has not been kind to altcoins. XRP, EOS and Bitcoin Cash registered new 2018 lows after dropping below key support lines while Stellar Lumens sellers did sink below 22 cents nullifying our previous bullish positions. From a top down approach, we expect this slide to continue though we might first see a ranging market retesting previous break out levels.

Let’s have a look at these markets:

Bitcoin Cash (BCH) Technical Analysis

News Highlights

After periods of stress testing, Bitcoin Cash trading volumes are back to normal processing 15,000 transactions per day. Besides the drop in volume, it’s also profitable to mine or trade Bitcoin now that their drive to flip Bitcoin and dominate is unlikely. The only way you to draw mainstream adoption is if the team behind BCH position it as a medium of exchange and a cheaper alternative to Bitcoin.

Technical Analysis

After a 21 percent drop on a week over week basis which was further exacerbated by than five percent drop yesterday, BCH is now trading at new 2018 lows.

It’s also below the $600 main support line and as highlighted in our previous Bitcoin Cash (BCH) technical analysis, our recommendation is pretty much straight forward.

First, our bear break out set rolling by June 22 bears is live and secondly, in the last couple of days, we have seen a multi-level break below key support line both in the daily and weekly chart.

This hints of strong bear momentum and as such, selling and syncing with the main trend is advisable. First bear targets remains at $300.

DASH Technical Analysis

News Highlights

Undoubtedly, blockchain technologies is here to stay and could be a basis of the next generation tech revolution. The only problem is scalability and best ways of solving that more so on the DASH network. It’s along this vein that DASH pay and Arizona State University did collaborate before. Recently they published their results findings on how to best address scalability concerns in a research titled “Block Propagation Applied to Nakamoto Networks”

Technical Analysis

While DASH has real user case in Zimbabwe and Venezuela, two countries working towards economic stability after periods of hyperinflation, prices didn’t withstand the strong bears.

At the moment, DASH is down 17 percent week over week but still perched at fourteenth place in the liquidity table.

However, from our last DASH technical plan, we were net bearish shorting the coin with stops at $240 and first targets at $160.

It seems like our targets would be hit today but I suggest locking in some profits considering the strong wave of sellers and moving targets to $100.

EOS Technical Analysis

As expected, yesterday’s EOS price movements were pretty tight hovering around Aug 8 lows. That often happen following periods of heighten volatility and wide trade ranges we saw on Aug 7 and 8 when sellers did break below $7, our intermittent support line.

With that depreciation, our sells were triggered and going forward, we recommend selling on every highs retesting $7. First targets will be at $4 with stops at $7 as highlighted in prior EOS technical analysis.

The only way this trade plan would be cancelled is if there is a spike above $7 hitting our stops and yanking back EOS back to a range.

Stellar Lumens Technical Analysis

Prior to Aug 8 double digit loss, we were net bullish on Stellar Lumens expecting prices to find support at 22 cents, previous buy trigger then support. However, prices obliterated that support effectively canceling our XLM trade plan and inviting sell pressure.

As it stands, we shall retain a neutral approach expecting sellers to drive prices towards 18 cents and 20 cents. There, if there is a break below, then we shall recommend syncing with the overall bear trend and with first targets at 15 cents and later 8 cents.

On the flip side, buyers could find support if and only if buyers muster enough momentum and edge past 22 cents and claw back Aug 4 losses closing above 26 cents.

Accompanying this revival should be high volumes indicating re-emergence of buyers. If not, then we sell on pull backs with targets mentioned above.

XRP Technical Analysis

News Highlights

• Ripple the company is literally chocking with lawsuits. There are three class action lawsuits in progress and though the proceedings are relatively quiet, Rosen Law Firm is investigating whether the company violated securities rules when they sold Ripple’s XRP tokens. If found culpable, then they might end up paying a heavy penalty besides concluding that XRP is indeed a security that is overseen by the SEC.
• The Seattle Based cryptocurrency exchange, Bittrex is planning on adding XRP/USD support by Aug 20 according to their recent announcement. Through what they called a Phased approach, the crypto exchange will offer more support in a gradual manner for quality purposes.

Technical Analysis

By closing below 40 cents as projected in our earlier trading plan, XRP dominated headlines. The reason was simple, XRP registered new 2018 lows, lost more than 20 percent on a weekly basis and dropped more than 90 percent from 2017 ATHs.

This confluence and unfavorable fundamentals could further worsen prices. So, in order to avoid trading against prevailing sentiment and sync with our last XRP trade plan, I suggest selling on every high in lower time frames with stops at Aug 8 highs at 38 cents with targets at 15 cents.

Nonetheless, it is likely that we might see a consolidation through the weekend with prices oscillating between Aug 7-8 trade range.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETH, ETC, TRX, XMR): August 9, 2018

Other than USDT which gained as traders shifted their holdings back to fiat, all coins registered double digit losses. Traders might have over-reacted to SEC decision to delay their ruling on SolidX Bitcoin ETF.

On the other hand, sellers found a window to liquidate and they did now that prices were retesting key support lines as we saw from previous Altcoin trade plans. Monero (XMR) and Tron (TRX) were some of the biggest losses and while prices are a tad bit stable, it’s likely that this trend will continue in the coming days though at a slower pace.

Ethereum (ETH) Technical Analysis

News Highlights

As a smart contract platform, Ethereum is always under demand and according to EtherScan, the network processes approximately 750,000 transactions per day thanks to the many ICOs that runs on top of it. Of course, there are expectations that ICOs as a fund raising model will continue to gain footing and that means the network must be ready to scale and tame transaction fees and gas costs. Sharding was a horizontal scaling solution proposed by the team but now fears are it will create centralization in the network and won’t solve the syncing problem.

Technical Analysis

By dropping 14 percent in the last week, not only is Ethereum (ETH) trading below the main support line at $400 but our sell targets at $350-or 2018 lows has been hit.

From the chart, it’s obvious that sellers are in charge and we expect that to happen today. As such, we recommend selling on pull backs with stops at $400 or Aug 4 highs.

Then again, because yesterday did confirm the bear break out pattern-following Aug 4 high volume break below $350- as highlighted in our previous Ethereum (ETH) trade plans, our first targets will be at Q4 lows at $300.

Tron (TRX) Technical Analysis

Even as more groups contend for the super representative slot, Tron (TRX) is not finding any support. As a matter of fact, the slide is on and with a 14 percent clip of TRX price, our first target-initiated after Aug 3 break below 3.2 cents-at 2.5 cents has been hit.

Now, because of our trade position and the high rate of price erosion, we recommend locking in some profit and shifting targets to 2 cents or lower.

In the meantime, conservative traders can now short with stops at Aug 8 highs at 2.6 cents with similar targets.

Cardano (ADA) Technical Analysis

News Highlights

Emurgo, an arm of Cardano, will announce a new Prometheus based product on Aug 15, 2018 according to Charles Hoskinson most recent video update. Prometheus in itself is a parallel source code written in Rust programming language and developed by the Cardano development team.

It is a modular and third party developers can use it whenever they want to build their wallets or dApps. Its functionality has already been tested on mobile devices. The reason Prometheus is there is to allow more flexibility and choice for their users. The Cardano team believes that by having Prometheus, light clients and mobile users would have a solid foundation and best leverage Cardano’s unique properties.

Technical Analysis

Just like the rest of the altcoins market, ADA is bleeding losing 12 percent in the last day alone. It could even get worse for Cardano (ADA) and all this is thanks to the weekly chart where a strong bearish candlestick printed last week rejecting mid-July higher highs.

Because of that, it was no surprise that there was a confirmation which saw a whole daily candlestick printing below the 12 cents main support line.

Therefore, in line with our last Cardano (ADA) technical analysis, I suggest selling ADA on every high with mid sell targets at ADA’s ATLs at 7 cents.

For those who are net short and executed sells when prices reversed gains below 20 cents, our previous buy trigger line in late July 2018 rally, they can lock in some profits and ride with bears.

Ethereum Classic (ETH) Technical Analysis

News Highlights

Official words from CoinBase Pro indicates that Ethereum Classic (ETC) will officially launch on their platform via CoinBase. However, CoinBase support would be availed once there is “sufficient” liquidity but inbound transfers at CoinBase Pro are accepted. The good thing about these transfers is that traders would trade assets immediately as there is no more waiting. On top of that, the daily transaction limit for verified US customers has been raised to $25,000.

Technical Analysis

Liquidity concerns locking out retail traders might partly be a reason why ETC is reversing gains. By yesterday, ETC prices were down three percent and in the process printing that nice double bar bear reversal pattern hitting our stops at Aug 6 lows.

Though our Ethereum Classic (ETC) trade plan suggests staying neutral now that prices are back in the $6 range with limits at $18, we might see ETC towing in with sellers and dropping towards our lower limit at $12.

After all, there was a marked spike in participation volumes on Aug 6 rejecting higher highs and helping sellers reverse last week’s gains.

As such, sellers can begin unloading ETC at current spot rates with stops right at Aug 8 highs at $17.5 with targets at $12.

Monero (XMR) Technical Analysis

Aside from Monero syncing with the general bear market, XMR prices are now trading below our main support trend line and moving closer towards our main target at $70.

All in all, our previous Monero (XMR) trade plan is solid and moving as planned.

Because of the general market sentiment, my suggestion is to short Monero (XMR) at current spot rates and aim for our main target at $70 with stops at $120.

Author: Dalmas N

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Crypto Price Analysis (BTC, LTC, EOS, XLM, TRX): August 8, 2018

It's A Double Digit Loss For Bitcoin and Altcoins

A simple six percent drop in Bitcoin (BTC) prices and it’s a capitulation for altcoins thanks to their sometimes beneficial direct correlation. EOS, Stellar Lumens, Litecoin and Tron are not only trading below key support lines as mentioned in previous altcoins technical analysis, but have confirmed a bear break out pattern and the resurgence of the third phase—the trend resumption phase of that trade strategy. As such, we expect Litecoin (LTC) for example to hit $50 or lower, Tron (TRX) to test 2018 lows at 2 cents and EOS to trade below $4 in the coming weeks.

Bitcoin (BTC) Technical Analysis

News Highlights

• There were 3000 Lightning Network full nodes and more than 11,200 active bi-directional channels that helped move $700,000 worth of Bitcoins in a July report on the state of the off chain, scalability solution. At the same time, it was note that the network is more decentralized with Shitcoin.com control being trimmed from 51 percent to less than one percent in the same period.
• In the midst of uncertainty and bruising regulations, the central bank of Spain Banco de Espana (BDE) has a more open position on Bitcoin (BTC). In their recent report the bank said cryptocurrencies-especially when there is a state version-improves the country’s monetary policy and its financial infrastructure. Besides, using blockchain technology, the central bank can better track their money supply more effectively.
• Bob Goodlatte, who is also the chairman of the House Judiciary Committee owns about $80,000 worth of Bitcoin with a major portion staked in Bitcoin and Ethereum.

Technical Analysis

At a 10 percent week over week drop, it’s likely that last week’s Bitcoin bears will spill over and drive prices lower.

While there was initial excitement yesterday following that $300 gain propelling Bitcoin prices back to $7,100, the reversal has been swift and at this pace, we might see a break below $6,800, our lower limit of our buy zone.

It is solely because of this and the fact that the weekly chart is overly bearish reversing from key resistance trend line that I recommend selling Bitcoin (BTC) at current spot prices with stops at Aug 7 highs at $7,100 with first targets at $6,000—2018 lows.

On the reverse side, the only time we can think of buying is when there is conclusive reversal of these rampant sellers helping propel prices back above $7,300. Only then should we recommend buying on dips and syncing with mid-July bullish sentiment with first targets at $8,500.

EOS Technical Analysis

News Highlight

• A few days ago, the EOSIO network printed a record 3708 TPS. Should we expect an explosion in TPS today when the network get stress tested?
• To spur creation of useful dApps on the EOSIO network, EOS VC did unveil a $1 million seed funding program for future EOS Hackathons. The initiative called “Hack. Pitch. Launch” has already saw five teams benefit from the $50,000 seed funding during the Sydney Hackaton.

Technical Analysis

For more than 40 days now, EOS has been trending and from previous EOS technical analysis, we had emphasized the importance of conclusive close below $7.

As we mentioned, any close below the main support line and the lower limit of our $2 trade range automatically confirms June 22 bears.

Well, that happened yesterday and as such, we now suggest selling EOS on every pull back retesting $7 with first bear targets at $4 now that the third phase—the bear trend resumption stage is on course. Safe stops should be at Aug 7 highs at $7.2.

Litecoin (LTC) Technical Analysis

News Highlights

Thanks to a partnership between Ninja Trader and CoinBase, account holders can now view real time market data for Litecoin and three other coins available at CoinBase. Besides viewing, account holders at Ninja Trader would easily access charting and market analysis capabilities thanks to that stream of live crypto data from CoinBase

Technical Analysis

Bitcoin and Litecoin have this sometimes beneficial direct market correlation and with Bitcoin dropping, odds of Litecoin following suit—especially at a time when we didn’t expect market moving news—were high.

Yes, it did and on Aug 7, Litecoin slid five percent and with high market volumes, it’s likely that prices will close below the lower limit of our trade range at $70.

From previous Litecoin (LTC) technical analysis, such would entail selling on pull backs with first targets at $50 because of the confirmation of that bear break out pattern of June 10 and the resumption of bears as the trade strategy dictates.

Tron (TRX) Technical Analysis

News Highlights

• The much anticipated Pornhub-Tron integration is now complete.
• Raybo, a Chinese blockchain giant is now one of the 27 contenders of the super representative position. While making the announcement, Justin Sun said this will foster inclusion and openness.

Technical Analysis

As prices head to the dredges, TRX don’t want to be left behind. As a matter of fact, this kind of depreciation is normal after mainnet launches—we can see the consequent depreciation in EOS and many other coins.

Now, from the chart, TRX is down four percent and most importantly, our first targets are likely to be hit today. Since we are already short as per our Tron (TRX) trade plans, I recommend moving stops to break even and locking in some profits.

At the same time, moving targets to 2 cents would make sense.

Stellar Lumens (XLM) Technical Analysis

With an 18 percent week over week drop, Stellar Lumens prices are capitulating. Now, after yesterday’s drop is a seven percent drop that has already driven XLM prices below 22 cents and in the process cancelling our previous Stellar Lumens (XLM) trade plan and bullish stand.

Because of this, we recommend pausing and waiting for proper close below June’s lows of 20 cents before we initiate shorts on pull backs with targets at 15 cents and later 8 cents in line with our past Stellar Lumens (XLM) technical analysis.

Author: Dalmas N

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Crypto Price Analysis (mIOTA, ETC, ADA, NEO, DASH): August 7, 2018

IOTA is Down 20% and Trading Below 2018 Lows

Even at the back of positive news, most altcoins are still struggling against rapid sellers. Cardano (ADA) for example is still a couple of cents away from 12 cents, our main support line while Ethereum Classic (ETC) is trading above $18, our buy trigger but isn’t finding support for higher highs.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

News highlights

• Apparently, CoinBase is proving to be the only exchange that has so much sway on altcoins. After their initial announcement, we saw Cardano spike upwards of 10 percent and now, news is CoinBase custodial Services is now exploring storage of Cardano (ADA). The storage possibility comes at a time when the exchange has not officially announced support of ADA. CoinBase Custody is a strictly a storage service for institutional investors available in Europe, the US with plans of expansion to Japan.

Technical Analysis

Week over week, Cardano (ADA)  is down 15 percent in the last week and encouragingly for buyers, there hasn’t be a break below 12 cents, our main support line and 2018 lows.

However, with the slide and obvious synchrony in the weekly chart, we might see a confirmation of those bears. In that case; I recommend trading with the trend and selling on every high with ideal sell zone anywhere between 12 cents and 14 cents.

That’s roughly 50 percent off last week’s bear engulfing candlestick. But, should sellers drop and close below 12 cents today, then we also suggest shorting with stops at 12 cents and first targets at 8 cents or ADA’s ATLs.

Ethereum Classic (ETC) Technical Analysis

News Highlights

• Ethereum Classic is now available at RobinHood App
• After flipping Monero, Ethereum Classic is now the twelfth largest coin by market cap in the world
• You can now buy/sell Ethereum Classic (ETC) at BitOasis, the UAE based crypto exchange
• CoinBase integration of ETC is almost ready. It could happen this week.

Technical Analysis

Perhaps in the midst of this deep bear trend, traders can find solace in Ethereum Classic (ETC). Not only is it up more than 10 percent in the last day but is now trading above $18, the upper limit of our trade range and buy trigger.

Now, in line with our Ethereum Classic (ETC) technical analysis and trade plan, all that we needed then was a close above $18 or $12.

Following events of Aug 2 and 3 and most notably, the spike in trading volumes on Aug 3, ETC traders found momentum to break and close above $18, our resistance line.

I suggest zooming in to lower time frames and buying on dips with stops at Aug 6 lows at $17 and first targets at $25.

DASH Technical Analysis

News Highlights

• In a forward thinking, collaborative type partnership, two blockchain solutions DASH and Trive Chain are working on availing choices to users. By integrating and allowing their users to pay for dApps at Biz Store using DASH or Trive Coin, the two hopes to follow the path of We Chat which is raking in millions of dollars yearly through payments executed via Biz Store.
• Cryptocurrencies in general is finding a footing in Australia and now, news is the government of Queensland is actually looking for ways of fitting in DASH and other cryptocurrencies into their official payment system.

Technical Analysis

Regardless of these positive fundamentals, DASH is actually bleeding. Well, it remains the fifteenth most valuable coin but is down 15 percent in the last week.

Considering our deduction following DASH bulls failure to close above $270 and confirming the third phase of our bearish break out pattern of June 10, we recommend selling DASH with safe stops at Aug 4 highs at $220. First targets would be at $160.

NEO Technical Analysis

News Highlights

NEO Global Capital (NGC) now has investment in Splyse after purchasing their MCT (Master Contract Tokens) tokens. As shown time and time again, NEO often support good projects on their ecosystem and this investment is one of their ways of believing in the long term viability and diversity of MCT tokens. Through a smart contract, NGC shall hold MCT tokens for one full year.

Technical Analysis

Regardless of this initiative of bullish nature of NGC on NEO projects, NEO prices are taking a beating.

For the first time this year, we might see NEO trading below the $25 mark and in the process endorsing that bearish break out pattern ignited by that June 12 bears.

It’s along the same vein and in line with our previous NEO technical analysis that we suggest selling on pull backs once a whole bear candlestick close below $25.

Once that happens, we suggest selling with stops at $25—or right about Aug 4 highs at $27 with first targets at $15.

IOTA (IOT) Technical Analysis

That’s it for IOTA. After losing 20 percent week over week and adding 12 percent more in the last day, IOTA prices are now trading below 2018 lows and 90 cents. Now, in line with our previous IOTA trade plan, we recommend selling IOTA with every highs in lower time frames with first targets at 65 cents and later 45 cents. Ideal stops should be above Aug 6 highs at 90 cents.

Author: Dalmas N

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Crypto Price Analysis (EOS, XMR, XLM, BCH, ETH): August 6, 2018

Altcoin Sellers Wipes $42 billion in 10 Days

Straight from EOS, Bitcoin Cash, Monero and even Stellar Lumens—which was overwhelmingly bullish a couple of weeks ago, the erosion continues. As a matter of fact, some as Bitcoin Cash are now below key multi-month support lines and might experience accelerated losses this week.

Let’s have a look at these charts:

EOS Technical Analysis

News Highlights

Dan Larimer, the CTO and designer of the EOSIO network is proposing new ways of lowering what he calls the “capital cost of using the network and CPU resources”. As it stands, EOSIO is loading all the costs of launching and running a dApp on the owner and with a billing of a maximum CPU time of 400mS, it’s quite steep for those wishing to run on the network. However, Dan’s proposal of delegating or renting network bandwidth is even spelled out in the EOSIO white paper and so it isn’t something new. To complement this, the next stage will be to create an efficient rental market with deep liquidity and easy price matching.

EOS – Dan Larimer's CPU & NET Renting Proposal Explained! https://t.co/NGonUNTgOC via @YouTube

— EOS Community Forum (@eosforumorg) August 5, 2018

Technical Analysis

Now, as far as EOS price action is concerned, odds are we might see a breach of our main support and sell trigger at $7 today.

The reason for this leaning is simple: week over week for example, EOS is down 17 percent. Additionally, when we take a top down approach, last week ended bearish meaning chances of confirmation of our previous EOS technical analysis bear break out trade assertion is likely.

Then again, notice the proximity between current spot prices in the last few days and the main support line at $7. If things remain as they are, then we might see a close below $7. Afterwards, we can begin shorting EOS with first targets at $4.

Ethereum (ETH) Technical Analysis

News highlights

• BitHumb has resumed deposits and withdrawals of Ethereum (ETH) and eight other coins. This comes after hackers made away with more than $25 million of user funds on the third week of June.

[Re-Notice] The resuming of the deposit/withdrawal services for 9 types of crytocurrencies first

• List of cryptocurrencies (9 in total)
: BTC, ETH, ETC, XRP, LTC, BCH, ZEC, QTUM, MITH

•Open time : 4, Aug (Sat) 2018 19:00 PM

▶https://t.co/iAJP9YkE0m

— Bithumb (@BithumbOfficial) August 4, 2018

• According to Vitalik Buterin, there is positive development moving Hybrid Casper into full Casper. Casper implementation will be part of the last Ethereum hard fork, Serenity, and once it has been fully implemented, PoS will be a mainstay consensus in the network. Then there will be two chains, the PoS main chain and the POW side chain for staking deposits linking to the main chain via a smart contract.

Technical Analysis

It’s pretty steep for Ethereum buyers right now. As we mentioned before, sellers did break below that mid-range wedge and with a retest of $400 and prices sinking 13 percent week over week, we might see execution of our official shorts this week.

Note that in the weekly chart, there is a clear bearish engulfing pattern breaking off the recent consolidation and confirming that bear break out of June 10.

Before we short, evidence should be there in the daily chart and the signal will be a high volume bear candlestick and a whole candle closing below $400. Afterwards, targets are constant as laid out in our past trade Ethereum (ETH) plans.

XRP Technical Analysis

News Highlights

• Ripple are partnering with Raising Malawi in a humanitarian campaign raising funds for unfortunate children. The Facebook campaign is in progress concluding end of this month.
• CoinBase is once again “exploring” and this time XRP is included and might be part of CoinBase Custodial Services. This service is specifically designed to meet financial institutions and hedge fund needs.

Technical Analysis

If anything, XRP is still trending inside a 10 cent trading range with clear support at 40 cents. Overly, we remain upbeat expecting XRP much needed gains, the five percent drain of last week might further fuel sell pressures pushing sellers to close below 40 cents for the first time in 2018.

According to our XRP trade plans, if we see that happening this week, we shall consider it a break below our sell trigger and confirmation of June 22 bear break out pattern retest phase.

It shall also signal the beginning of the bear trend resumption phase. So, as we reiterate, our first targets would be at 15 cents with safe stops anywhere between 50 cents and 55 cents.

Monero (XMR) Technical Analysis

News Highlights

• Hackers are now using a router, MicroTik to illegally mine Monero according to a report by Simon Kenin of Trust Wave. Trust Wave approximates that as many as 200,000 MicroTik users in Brazil might have been affected by the malware.
• BitHumb has put on hold the listing of XMR. Citing wide price gap-exceeding 10 percent-between BitHumb market and standard market prices would cause unnecessary volatility once normal service resumes.

Technical Analysis

At current prices, XMR is trading well below the 40 day support trend line and is $10 away from our main support line.

From prior Monero price preview, $100 doubles up as a minor support line and sell trigger. Even though at current prices I suggest taking shorts with stops at $130, executing sells at $100 would be safer as our the trend resumption phase would have been confirmed.

After all, the weekly chart is bearish as it gets and it won’t be trading against the trend when we aim for $70.

Bitcoin Cash (BCH) Technical Analysis

News Highlights

• BitPico Cashes out claims Bitcoin is a manipulated commodity
• Roger Ver continues with his evangelism claiming Bitcoin Cash is the real Bitcoin as envisioned by Satoshi. Points to Bitcoin’s white paper.

Technical Analysis

Like most coins under review, not only is Bitcoin Cash trending lower but is below the 30 day support trend line cancelling our previous Bitcoin Cash (BCH) trade plan.

If anything, we expect sellers to push lower now that not only are prices below the 30 day support trend line but are also trading below the 12 month support trend line in the weekly chart.

Because of this, I recommend selling BCH at current spot price with stops at Aug 4 highs at $750 with first bear targets at $600.

Author: Dalmas N

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Crypto Price Analysis (BCH, XRP, EOS, XLM, DASH): August 3, 2018

Most coins under our review are caving in to sell pressure and while EOS and Stellar Lumens are yet to break below key support lines, DASH and XRP might collapse today or the weekend. And when they do, we might see them dropping more than 90 percent for their ATHs and registering new 2018 lows in the process.

Bitcoin Cash (BCH) Technical Analysis

News Highlights

To mark their one year anniversary, Bitcoin Cash processed more than three times the average daily transaction of Bitcoin core. Data from Bitinfochart shows that the BCH network processed exactly 687k transaction on august 2 while BTC could only handle about 240k during the same period. However, could this spike in transaction processing a Bitcoin Cash network stress test of some sorts?

Technical Analysis

Odds are, Bitcoin Cash price analysis would thrash our previous BCH trade plan. When we take a top-down approach, we realize that BCH prices are trending at a 12 month support trend line and being the first main support line, Aug 1 candlestick could offer support.

However, after sellers shaved four percent and pushing prices below our one month intra range support trend line, our solid proposal were cancelled.

Because of that whole candlestick closing below our minor support trend line, I recommend selling with stops at Aug 2 highs at $780 and first targets at $600, our main support line.

EOS Technical Analysis

Our EOS trade position is pretty much solid: Neutral but bearish. To elaborate, we are bearish first because the whole market is bearish and it doesn’t make sense to trade against the market sentiment.

Secondly, because we can interpret the way charts are laid out and notice that EOS prices are trading within a bear break out pattern. Bears were officially released on June 22 following that strong depreciation printing a bearish engulfing pattern as a result.

Furthermore, buyers didn’t build enough momentum even after that resuscitation of bulls in mid-July. What we had instead was a retest of the upper limit of our consolidation at $9 before sellers resumed their erosion.

As highlighted in previous EOS trade plans, we need to see high volumes break below $7 before we settle on selling on every high with first targets at $4 with stops at the break out candlestick’s highs.

Stellar Lumens (XLM) Technical Analysis

Even in the midst of a multi-month bear trend, the last two weeks bullish events could be a reliever for investors and traders.

However, for confirmations we need buyers to resume trend and convincingly close above 30 cents or that double tops marking June and July peaks.

If not and Stellar Lumens sellers compound yesterday’s four percent loss by driving prices closer to 22 cents, our initial buy trigger, then our Stellar Lumens (XLM) trade plan might be binned.

As mentioned in our previous XLM analysis, any close below 22 cents and more so 20 cents stands to usher in sellers keen on driving XLM prices to 8 cents or even lower.

Should you zoom out then you note that 8 cents is Q2 2017 highs and previous resistance now our second level of main support after 20 cents.

XRP Technical Analysis

News Highlights

• XRP will be added to CoinSquare, a cryptocurrency exchange in Canada. CoinSquare still in beta and shall launch in coming days.

#XRP is now live – in beta – on Coinsquare's platform

During the beta, you can:
– Fund your account with XRP
– Buy XRP with fiat or cryptocurrency
– Trade XRP for fiat or other cryptocurrencies

If you notice issues or a bug, let us know! #Ripplehttps://t.co/rDwFVkPSaA

— Coinsquare (@Coinsquare) July 31, 2018

• Malta usurps South Korea to be the leading XRP trader in Q2 2018 according to Ripple’s Quarterly report. $73.53 million worth of XRP sold in the same period. Malta is one of the leading countries in the world that is friendly towards cryptocurrencies.

Technical Analysis

That tight 5 cents gap between 40 cents and 45 cents could either make or break XRP valuation. For starters, XRP has been stuck in a horizontal consolidation for the last 60 days or so. While it did, XRP prices did swing between a 10 cents gap with buy and sell triggers set at 55 cents and 45 cents respectively.

Now, for assurance and as laid out in all our XRP trading plans and analysis, what we need to see is a high volume break below 40 cents before we begin selling on every highs in lower time frames. When that happens, price action would have confirmed June 22 bear candlestick and bear break out pattern whose second phase, the retest was completed in July after buyers failed to breach and close above 55 cents.

Furthermore, the longer it stays this way, the longer the consolidation and the stronger the break out. Before that break out happens, we shall remain neutral and later trade with the trend as always.

DASH Technical Analysis

Earlier we mentioned the importance of $270, our immediate resistance line and how DASH prices needed to breach above it should they want to take control.

From the way it looks like, DASH buyers didn’t muster enough strength but instead caved in to sellers completing the second phase of a typical bear break out pattern—the retest.

As it did so, it ushered in the trend resumption phase where DASH sellers who didn’t short as advised in previous DASH technical analysis can unload this coin once there is a break below that M-formation and floor at $200.

Afterwards, DASH sellers can comfortably target $160 and later $120.

Author: Dalmas N

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Crypto Price Analysis (ETH, ETC, TRX, XMR, ADA): August 2, 2018

Altcoin Price Devaluation Continues Despite Positive Announcements

It’s an across the board altcoins price capitulation and leading this march is Cardano (ADA) that is 20 percent down in the last week. While bears are yet to retest the coin’s main support, chances are we might see them blasting though 12 cents and even testing 7 cents-it’s ATLs in coming weeks. In the meantime, it’s no better for Ethereum Classic, Monero, Tron and even Ethereum as they print an average 10 percent loss week over week.

Let’s have a look at the charts:

Cardano (ADA) Technical Analysis

News Highlights

• It’s yet another milestone for Cardano and after several platform improvement they are now launching the TestNet version of IELE, their virtual machine for testing any developed smart contract before releasing them into the mainnet.
• Sp8e, a gaming dApp that is built on top of the Cardano blockchain has said they are done with the second stage of its MVP development. With the completion of the second stage, it means blockchain integration is simplified and there is verification of all generated randomness is possible.

Technical Analysis

Even after strong buy pressure in the last two weeks, ADA prices did stall before collapsing. In fact it has been an epic fall with ADA shedding 21 percent in a weekly basis effectively cancelling our previous Cardano (ADA) trade plan.

Remember, then we had place stops at 15 cents and at current spot rates, our stop has been hit. As things stand, we shall retain a neutral approach because our risk reward ration won’t allow for shorts. Prices are 2 cents away from the main support line.

The best and prudent way of trading ADA is to wait for reactions at 12 cents keeping in mind that any collapse below 2018 lows means sellers might drive prices towards 7 cents, ADA’s ATLs.

Ethereum (ETH) Technical Analysis

News Highlights

• Samurai & J Partners Co. Ltd is the latest Japanese company that is regulated and listed at the TSE to offer loans backed with Bitcoin, Bitcoin Cash and Ethereum. In a special program dubbed, Samurai Crypto Loan, the TSE listed company will offer these crypto backed loans up-to $2.7 million per annum- through its subsidiary, Samurai Asset Finance. Interest rates would range from 7 percent to 15 percent per annum.
• Recently, Joseph Lubin the co-founder of Ethereum and the Founder of Consensys said Ethereum is more than a cryptocurrency and that it can comfortably exist in India, an emerging economy that is embracing e-governance. As a decentralized network with smart contracts, Ethereum can be used in cloud computing, database management and delivery of government services. He says Consensys plans on opening a regional hub in India.

Technical Analysis

Undoubtedly, sellers are in charge and so far, ETH prices are down 13 percent week over week. While we were neutral expecting to see gains above $550, it clear that prices are breaking out a mid-range wedge and adding on to the losses.

Solely because of this, we shall wait for reactions at $400 and wait for confirmation of that June 10 bear candlestick. If that happens then we might be well inside the third phase of a bearish break out pattern with recent consolidation at $550 being retests of previous support now resistance and break out level.

In that case, ideal targets as indicated in previous ETH trade plans would be $350 and later $300.

Tron (TRX) Technical Analysis

News Highlights

• Wallets are considered gateways for blockchains and with it users can transact hence boosting adoption. It’s in the same line of thought that the Tron Foundation have released the first version of TronWallet for their Android mobile users. Users can download it at Google Playstore for free.

TronWallet is now available on Android! Send, receive, freeze $TRX, vote for the Super Representatives, participate in token sales from your phone with this decentralized wallet built by Getty/IO! iOS version available soon, more info on @TronWalletMe https://t.co/QS4SdIB9ru

— TRON Foundation (@Tronfoundation) July 31, 2018

Technical Analysis

Overly, the announcement of Tron wasn’t widely embraced by the community and we can see a sign of disappointment because Tron prices are not finding support. As a matter off act, after July 30, prices did print below 3.5 cents triggering our stops.

By doing so we are seeing a reversal of July 29 losses and attempts of higher highs above 4 cents.  At current prices, TRX sellers are retesting July lows and odds are our sell trigger in line with our previous Tron (TRX) trade plan would be hit.

When that happens, sellers should unload TRX with stops at 3.5 cents with first targets at 2.5 cents and 2.0 cents.

Monero (XMR) Technical Analysis

Like the rest of the markets, Monero (XMR) is on a slide losing 12 percent in the last week alone and over 20 percent in the last month. With those metrics alone, we can see that XMR is technically in a down trend.

Well, supporting this is June 10 break below $150-our immediate resistance and previous support which has been retested on a couple of occasions. Now, as highlighted in our previous Monero trading plan, buyers need to edge and close above $150 for XMR bulls trades to be valid.

However, that is a tall order because should we see a close a below $110 and that two month support trend line, then we shall be completely in sync with bears and moving inside the third phase of a bear break out pattern: the trend continuation phase.

Ideal bear targets would be at $70 with stops at July 31 highs at $140.

Ethereum Classic (ETC) Technical Analysis

News Highlights

• The network is exploring about prospects of developing side-chains as they try to balance the advantages of a “private network” and the security of the mainnet.

Why use an $ETC sidechain?

1. Its cheaper

2. You are in charge. – don’t have to convince Vitalik

3. You can use different technologies than mainnet, #POA, #PoS, #NiPoPoW?

Learn More on ETC Sidechains: https://t.co/4zqjgp9RB9 @etcdev #BUIDL #EthereumClassic #ClassicIsComing pic.twitter.com/RhRQi3xP5b

— Ethereum Classic (@eth_classic) June 5, 2018

Technical Analysis

Though ETC market cap is up the liquidity ladder and now perched at position 15, ETC sellers are on a rampage shaving 12 percent off ETC in the last week. That depreciation is clear and for the first time in more than 20 days, ETC prices are trading below $15.

What’s more, there was a spike in trading volumes during July 31 break below. Now, from past Ethereum Classic (ETC) technical analysis, our main support stood at $12.

While we suggest selling and trading with the trend, conservatives can take a pause for conclusive tests or break below $12. By selling at current spot prices, safe stops should be at August 1 highs at $16.

Author: Dalmas n

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Crypto Price Analysis (BTC, EOS, XLM, LTC, TRX): August 1, 2018

EOS and Litecoin Range Bound But Down 5%

The top 20 altcoins has been painted red and the erosion continues. For one, despite stellar fundamentals in some coins, buyers need to muster enough momentum to reverse these losses and print above certain price levels before long traders jump in. If not, we are likely to see prices printing new lows.

Bitcoin (BTC) Technical Analysis

News Highlights

• A $10.7 trillion Chicago based, Northern Trust has opened up to cryptocurrencies and is now helping hedge funds invest profitably in Bitcoin. Northern Trust is one of the largest Trust fund in the US and ranks 486 in the Fortune 500 list. Besides working steadily with three mainstream hedge funds and adding cryptocurrencies to their portfolios, they are now exploring ways of integrating blockchain technology to their PE division.

The latest on #hedgefund tech and our new Alternative Fund Services group in @globalcustodian. https://t.co/oJk0M2Wtbu

— Northern Trust (@NorthernTrust) July 30, 2018

• As Trump complains about China, the EU and other major economies devaluing their currencies and lowering interest rates (in order to get an edge over the US), the initial trade war is quickly turning into a currency war. For perspective, in the last two months alone, the Chinese Yuan has been on a slide losing 15 percent against the USD. Could this open up doors for Bitcoin as a store of value and a hedge against this “war”?
• Too much is expected from the SEC when it comes to regulation. What many forget is that it’s not only the US that is racing against time in order to implement regulations that either stifle or support blockchain and cryptocurrencies. South Korea is the main player. Once they device and pass fitting regulations, we might see traders jumping in and driving market volumes towards December levels.

Technical Analysis

At around $7,500, Bitcoin (BTC) prices are down seven percent in the last day. That’s not all though. It also means our stops at $7,800 were hit and we exit this trade with about $1,000 in profits following yesterday’s price collapse.

In any case, our strategy remains the same and while sellers can continue unloading the coin, we expect BTC to find support anywhere between $6,800 and $7,000.

That’s former resistance now support and a bullish break out level which initiated the last two week’s surge. For sellers eager to unload at spot prices, fitting stops should be at today’s highs at $8,000.

EOS Technical Analysis

News Highlights

• Poloniex, which was recently acquired by Circle, is now offering support for EOS. Judging from their prior statement, EOS met all the requirements mentioned in their Circle Asset Framework-Circle’s tool of evaluating various crypto assets before listing them on their exchange. Nevertheless, Poloniex won’t be a platform for converting EOS ERC-20 tokens to EOS mainnet coins neither will it be supporting EOSIO air drops.

Poloniex is opening markets in EOS!

— Poloniex Exchange (@Poloniex) July 31, 2018

• Demux is the new tool that Block One is releasing to fast track development on their network. The tool draws inspiration from Redux and Facebook’s own Flux Architecture. Demux will simply act as a bridge between blockchain developments and traditional database management systems as Mongo DB.

We've released Demux – cached web architecture solution for #EOSIO -based application. https://t.co/S4Y6R5yEkh Let us know what you think!

— Serg Metelin (@sergmetelin) July 31, 2018

Technical Analysis

Like Bitcoin and literally all top 10 coins, EOS is bleeding. So far, it is down four percent but still oscillating within our $2 range with $7 acting as our main support and trigger.

In our previous EOS technical analysis, we said that for June 22 bears to be confirmed then EOS sellers should breach and close below $7-our sell trigger.

Thereafter, we shall begin unloading EOS but before that happens, we shall take a neutral stand as we wait for proper break outs.

Stellar Lumens (XLM) Technical Analysis

News Highlights

• The Bahrain Central Bank has announced that Stellar, a platform where Lumens run from, is Sharia compliant. This means that citizens of that country can freely interact with the platform should they want to tokenize assets or safely move funds from one jurisdiction to another.

Technical Analysis

Even though sellers are clipping Stellar Lumens gains-XLM is down five percent in the last day for example, XLM is technically a buy.

Note this though, sell pressure is strong and our stops at 26 cents were hit yesterday meaning we shall revert to neutral but we shall remain bullish.

Ideal supports remains at 22 cents though we expect prices to spring back anywhere between 22 cents and 25 cents. Any move below 22 cents effectively cancels this bullish projection.

Litecoin (LTC) Technical Analysis

News Highlights

• Charlie Lee shall advise HTC as they design the first cryptocurrency compatible smart phone, HTC Exodus. In a tweet, the Litecoin co-founder said the smartphone shall support Litecoin and Litecoin’s Lightning Network. The latter is in beta and struggling to attract full nodes.

Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption.

P.S. No, they will not remove BTC. https://t.co/WQcygPVst0

— Charlie Lee [LTC⚡] (@SatoshiLite) July 30, 2018

Technical Analysis

Now, here’s the thing:  As long as Litecoin sellers continue to cap gains, June 10 bear break out trade shall remain valid.

From a technical perspective, sellers are in charge and we might see further depreciation as the third phase of a break out pattern kick in following last week completion of the retest.

As such, my suggestion is that sellers can continue selling on pull backs as highlighted in our last Litecoin technical analysis. First targets in case there is a break out is $50 with stops at $80 or $90-depends on what you’re willing to risk.

Tron (TRX) Technical Analysis

News Highlights

• Project Atlas is the “secret” project Justin Sun and the Tron Foundation kept marketing. The project was hyped and with disappointed investors, the reception has been poor.
• Tron Virtual Machine beta version was launched on July 30. The TVM they said will be compatible with EVM but stable, fast and affordable. The community has been invited to test and find bugs on the TVM.

Technical Analysis

The erosion is on course and just like in our Tron (TRX) trade plans, the only way bulls can convince traders that they are in charge is if they break out above 4 cents.

If they don’t, sellers can find fitting opportunities to liquidate on every high. At current prices, my suggestion is that traders can sell with stops at 3.6 cents with first targets at 2.5 cents as reiterated in our previous TRX technical analysis.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, mIOTA, DASH, NEO): July 31, 2018

Altcoins Collapsing, ADA Down 10% in 24 Hours

Coin specific news are generally hawkish for most cryptos under our review but unfortunately that is not affecting price in anyway. For example, we have new TestNet launch for Cardano’s IELE while DASH is a staple in Venezuela. Price wise though, all coins are registering losses with sellers snapping back in trend and towing in with the bear break out pattern drawn in early June.

Cardano (ADA) Technical Analysis

News Highlights

• In its July 2018 Edition, DPRatings, an independent cryptocurrency ratings-said that Cardano and three other smart contract platform are the most active at GitHub.
• Two months after launching K-EVM, a conduit that allows developers to run their apps at the Ethereum virtual machine, the Cardano Foundation has now launched IELE TestNet. The aim of the TestNet is to allow Cardano’s own virtual machine to run more effectively and developers to easily predict GAS prices.
• In an interview by Nick Hellman from Learn Crypto, Charles Hoskinson said he often advises small cap blockchain start-ups post their ICO phases.

Technical Analysis

For perspective, ADA is down eight percent in the last day and posed for more losses considering the pace of that depreciation.

Then again, with these loses, our stops at 16 cents in previous Cardano (ADA) trade plan has been hit meaning we shall take a neutral stand.

Our main support and sell trigger line is at 12 cents. 12 cents also doubles up as 2018 lows and at current spot prices it risk reward ratio consideration forces us to be neutral. Let’s see how ADA prices react at 12 cents because any dip below that would likely push prices to 7 cents, ADA’s ATLs.

Ethereum Classic (ETC) Technical Analysis

In a classic effort versus results scenario, it took 10 good trading days for buyers to reverse that single bear candlestick of July 20.

That’s not all, it’s clear that buyers did have a hard time to reverse July 10 and June 22 sell candlesticks. Coincidentally all these happened right at main resistance line and bull trigger at $18.

Now, as laid out in previous ETC technical analysis, our trade plan is clear: ETC buyers will only be in charge once there is a break out above $18 and ETC sellers once we see losses below 2018 lows at $13.

However, considering the whole set up, I suggest small size ETC sells once we see losses below July 20 at $16. Fitting bear targets would be at $13 with stops at $18.

IOTA Technical Analysis

Though IOTA is still perched in the top 10, losses are moderate and is down four percent in the last day.

Like most altcoins, IOTA is literally struggling to contain sellers and after brief attempts of higher highs on July 26, our stops have been hit and now we remain neutral waiting for a trend setting reaction at 90 cents.

As mentioned in all our previous IOTA technical analysis, IOTA valuation depends on whether it shall collapse at 2018 lows or if buyers would have sufficient reasons to buy on dips. In case of price capitulation, first targets would be at 65 cents while a buoy means small size buys at pull backs with first targets at July highs—at $1.2 and later $2.

DASH Technical Analysis

News Highlights

• Of all coins combined, it seems like Venezuelans value DASH for its fast settlement speed and ability to scale. There are more than 540 merchants-including subway-who accept DASH and more than 10,000 daily DASH users according to comments from Joël Valenzuela, DASH’s Director of Public Outreach.
• Reports indicate that German Media prefer covering DASH related news than those of Bitcoin and other coins.
• There’s a new research paper covering blockchain scalability that DASH in collaboration with Arizona have published.
• Fidelity Investment Fund-managing assets exceeding $2.4 trillion-is now interested in cryptocurrencies and now owns 15 percent of Neptune Dash.

Technical Analysis

Despite high trading volumes between July 17 to 19, DASH bulls didn’t muster enough momentum to edge past $270 main resistance line and previous support. From previous DASH technical analysis, $270 is an important resistance line and marks the upper limit of this 50 day accumulation.

Since we were technically trading within a bear break out line set in motion by June 10 bear candlestick and highlighted in previous DASH trade plans, we shall treat the current slow-down as the trend resumption phase and short with every high as before.

In this case, immediate sell targets would be at $160 with stops at $250.

NEO Technical Analysis

From the chart, sell momentum is picking up as NEO buyers lose their upward momentum.

Thus far, NEO is down four percent and even though it is trading within a 50 day accumulation, NEO sellers have an upper hand. It’s likely that we might see further losses today now that sellers broke below the first level of trend line support on July 30.

I recommend-after taking into consideration the overall trend and recent technical formations-selling at current prices with stops at $38 and first bear targets at $25 and later $12.

Author: Dalmas N

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Crypto Price Analysis (ETH, BCH, XRP, EOS, XMR): July 30, 2018

Buy Pressure Wanes as Coins Register Limited Gains

Most coins under our review are yet to break above key resistance line. As a matter of fact, some as Monero and Bitcoin Cash for example are overwhelmed by sellers are look likely to reverse last week’s gains. Nonetheless, we shall take a conservative approach and wait for high volume, convincing break outs before make fitting trading decisions.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

News Highlights

• Ethereum and three other Smart Contract platforms most active in GitHub according to a report by DPRatings
• Transfer Go, a remittance company, will allow their customers to buy and trade Ether and three other cryptocurrencies. Becomes the first remit company in the UK to do so.
• Justin Sun claims Tron is “better” than Ethereum. Says it is 80 percent faster than Ethereum ahead of their secret project announcement and TVM launch
• Fomo3D, an Ethereum based dApp, trading volume surges 13,000 percent. Is it another scam?

Technical Analysis

Apparently, ETH price is moving inside that bearish candlestick of week ending June 24. While we recognize that ETH is slowly losing its bear momentum and giving way for buyers to make inroads, we need to see injection of bull pressure before we make any trading decision.

Technically, $550 and $400 are two price levels defining ETH price trading range. As we reiterate, unless ETH price close above $550, we shall remain bearish expecting sellers to follow through on June 20 bear break out candlestick.

Regardless, any collapse of price below $400 shall open doors for $350 or lower. However, before that happens, we remain neutral.

XRP Technical Analysis

News Highlights

• Bitrue is yet another cryptocurrency exchange that will make XRP the base currency for other trading pairs.
• Investors can buy XRP using 17 different fiat currencies including Polish Zloty from various exchange across the world. Most cryptocurrency exchanges offer support for the US
• John McAfee, the controversial Bitcoin evangelist says his $120 hardware wallet BitFi cannot be hacked.

https://t.co/da6l4vwjCU as we concluded, either "hack it or back it"

— Bitcoin Exchange Guide (@bitcoinsguide) July 29, 2018

Technical Analysis

It has been two months of energy sapping accumulation for XRP traders. While fundamentals remain fuzzy and inconclusive, there is an opportunity for buyers to reap good benefits when this XRP pent up finally opens up.

To sync with our prior XRP trade plan, our suggestion is that buyers can load up at current spot rates with stops at July 24 lows at 40 cents.

Remember, the longer the consolidation, the stronger the break out. Realistic first targets should be at 70 cents or June 2018 highs. In case our trade plan is nullified and XRP sellers tears 40 cents, then we shall trade with the trend and aim for 15 cents.

Bitcoin Cash (BCH) Technical Analysis

News Highlights

• Roger Ver is optimistic that up-to 70 percent of merchants in Cyprus will start accepting Bitcoin Cash.
• Fuzex causes outrage in the BTC community after announcing plans of supporting BCH and dropping BTC. Fuzex team says BTC transaction settlement speed is too slow and expensive.

The FuzeX debit card has dropped BTC and added BCH in its stead.

Winning ✌️https://t.co/HSbfS9CML0 via @reddit

— Bitcoin [WeAreAllBitcoin] ✌️ (@Egon_01) July 27, 2018

Technical Analysis

Week over week, BCH price continues to shift from neutral to bullish. So far, it’s down two percent but still trading within July 24 bullish candlestick.

By this, it means there is a low level BCH accumulation simply because sellers are yet to reverse that precedence setting bullish candlestick.

In my view, unless we see decent gains that would help propel prices above $850, we shall retain a neutral but bearish view. It’s only after BCH close above that buy trigger line that buyers can begin to buy on dips preferably on the 4HR chart every time there is a retest of $850 with first targets at $1,300.

EOS Technical Analysis

News Highlights

• EOSDAQ, the first EOSIO based DEX will launch later this year
• Binance halts EOS deposit and withdrawal in response to EOS New York EOS transfer guide. EOS community accuses Binance of trying to corner EOS trading volumes and “keep” it for themselves.
• Brendan Blumer, the CEO of Block One elaborates Tweets explaining why EOS value cannot be mathematically affected by RAM and CPU tokens in circulation.

The RAM and CPU tokens just allow EOS token holders to get more of the resources they need; consider them temporary states of the EOS token itself. Mathematically, they don’t dilute the value of EOS at all

— Brendan Blumer (@BrendanBlumer) July 29, 2018

• EOS daily transactions continue to rise according to data from Blocktivity. EOS is now the second most active coin after Steem.

Technical Analysis

Overly, we expect EOS to gain ground and perhaps reverse May-June losses but before we begin searching for entries in lower time frames, traders are waiting on the sidelines for proper signals. While trading can go either way, buyers are pumped thanks to July 24 bulls and it is where EOS prices are currently confined.

As before, EOS buyers would be in charge once there is enough momentum for break and close above July highs at $9. Conversely, sellers would be snapping back to trend once there is a close below this $2 trading range should they drive prices below $7.

However, before any of that happens, let’s watch what market participants think of EOS value and stay neutral.

Monero (XMR) Technical Analysis

News Highlights

• Monero’s new GUI Lithium Luna now supports Ledger. The upgrade allows for binary file verification and has a new language.

Monero GUI 0.12.3.0 "Lithium Luna", which includes full and direct Ledger support, released! https://t.co/fzTiKmfiE8

— Monero || #xmr (@monero) July 26, 2018

Technical Analysis

Our Monero trade plan is clear, it is technically trading within a bear break out pattern which was set rolling by June 10 bear candlestick. In our past Monero technical analysis, we needed to see high volume thrusts above $150-our main resistance line before we initiate trades.

Now, because of these lower lows and rejection of bullish attempts, we shall consider this a retest and if sellers drive prices below $100 then we would have a bear trend resumption and in that case, our first bear targets would be at $70 and later $50.

In the meantime though, we shall take a neutral stand and wait for trend setting break out. It won’t matter the direction.

Author: Dalmas N

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Crypto Price Analysis (BCH, XRP, DASH, XLM, EOS): July 27, 2018

DASH and XRP Might Cave In as Bulls Shed Gains

The total crypto market is down to $288 billion and still Bitcoin dominates at 46 percent. However, the decline of BTC price seems to be dragging other altcoins—after all they have a positive correlation-and in that case we are seeing losses across the market.

In a weekly basis, XRP and Bitcoin Cash are down two percent while DASH leads the slid with eight percent decline. Considering the way candlesticks are set, it’s likely that sellers will take charge and snap back to trend.

Let’s have a look at these charts:

Bitcoin Cash (BCH) Technical Analysis

At the back drop of positive announcement from CoinBase sealing investor confidence on the exchange and the ridiculous declaration by Bitmain-a Chinese ASIC manufacturer believed to own the largest mining pools in both BTC and BCH-that they only control less than 4 percent of all the hash rate of SHA-256 dominated coins, BCH should be breezing past resistance to say the least. However, that is not the case and the medium of exchange coin is down four percent week over week as they bounce off $850, our main buy trigger line.

Encouragingly though, BCH prices are still trading inside July 24 high low and that’s why we are still positive on this coin. If that wasn’t the case and BCH edge below $750, then odds are bears would lead the next wave of BCH collapse but that will officially happen when prices edge below $600.

Admittedly, it’s bears who have an upper hand considering the last two-three month consistent losses and we can view the recent appreciation as a mere pull back in a deep bear trend. As such, that was the reason why we needed convincingly strong, high volume signals blasting past $850 resistance before we conclude bear to bull trend reversal as laid out in previous Bitcoin Cash trade plans.

XRP Technical Analysis

As a coin, XRP sometimes has to contend with “baseless FUD” as their supporters say. Yes, there are accusations that XRP is not even a cryptocurrency as Roger Ver quipped and while he faced some back lash, Roger is not the one asserting.

There are other fund managers who genuinely think XRP is a combination of the best of fiat and crypto and XRP is some sorts of a quasi coin that settles fast and centralized. All in all, everyone has their own opinion and over the long term, XRP shall either emerge as the best or the worst investment depending on how it responds to regulators interpretation.

In the meantime, XRP is all over the place and is actually down two percent in the last week and still hugging our support at 45 cents. As XRP snaps back to this 10 cent consolidation, we shall trade according to our previous XRP trade plans. As the plan directs, XRP sellers would be in charge if there is a close below 45 cents and 40 cents on the lower side. Consequently, sellers would aim for 15 cents. On the flip side, any jut past 55 cents would beckon XRP bulls who might thrust price back to 70 cents and recover the last two month losses. Now, before any of that happen, our XRP trade position would be neutral.

EOS Technical Analysis

On the bright side, RAM prices-a network resource in the EOSIO blockchain has been a down trend and we expect further declines thanks to that saving agreement by 15 block producers to increase the size of RAM available in the network on a yearly basis.

Their rationale is simple: entities with vested interests on EOS should benefit from the overall long term objective of the platform. RAM should be affordable for dApp developers and investors should rake in from capital gains.

Technically, EOS is in a bear trend and that preview will only change when EOS will add and trade above $9, our minor but important price level. In any case and as reiterated in our initial EOS trade plans, what we need to see are spikes above $9 ushering in bears otherwise EOS would still be under the whims of bears that are obviously in charge.

Remember, EOS is oscillating in a bear break out pattern following that break down on June 22 and though prices are oscillating within a tight $2 trade range, our long projection will be nullified should we see depreciation below July 24 high low and $7. When that happens, we shall consider recent bull attempts at retest and trade with the overall bear trend with first sell targets at $4.

Stellar Lumens (XLM) Technical Analysis

Considering the strength of buyers in the last two weeks, Stellar Lumens is definitely leading the charge. It doesn’t matter the recent depreciation since it is still trading above 30 cents and confined within July 24 high low.

Our Stellar Lumens trade plan is clear: First, we shall take a bullish position and secondly, as long as our stops at 26 cents are not hit, my recommendation is to initiate longs on every dip retesting 30 cents with previous targets at 40 cents and later 50 cents. If USD bulls step up and stops are hit, we shall take our profits and wait for reactions at 22 cents.

DASH Technical Analysis

According to different news sources, it is emerging that DASH is the most widely adopted cryptocurrency in Venezuela. In their press release, DASH pay claims that there are over 500 merchants that accept DASH as pay and over 10,000 people are using it on a daily basis for transaction purposes. You can view the comprehensive list of DASH supporting merchants at their dedicated website, Discover DASH.

The DASH daily chart paints a gloomy picture of DASH trend. As mentioned before, all we needed was a breach and close above $270 if at all buyers was to cancel this bear break out pattern that was set rolling by June 10 sellers. Now, since buyers didn’t muster enough momentum to close above $270, we shall interpret this as the completion of the second phase of a bear break out pattern—the retest and the beginning of the third phase—trend resumption. Therefore, my DASH trade suggestion is to sell at current prices with stops at $270 and bear targets at $160.

Author: Dalmas N

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Crypto Price Analysis (ETH, ADA, TRX, XMR, ETC): July 26, 2018

Alt-Coins Testing Key Support Lines as Ethereum Bulls Eye $1,000

Overly, altcoins are oscillating between neutral to bullish and while we retain a bullish stand on Ethereum, Ethereum Classic, Cardano and Tron, Tron is the front runner. In four days, the Tron Foundation will announce their “secret project” and launch their Virtual Machine the next day. This would definitely give TRX some impetus to add their gains and perhaps clear 5.5 cents.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

MetaMask, the popular plugin that bridges the Ethereum blockchain and users willing to run Ethereum dApps without necessarily running a full node, has been suspended and delisted from Google Chrome Store. Currently, Google is mum about it and many think this is likely an “accidental” delisting based on Google keywords.

PSA: MetaMask has been delisted from the Chrome Web Store. We are unsure of why this is the case and we will update everyone as we get more information. All other browsers are unaffected.

— MetaMask (@metamask_io) July 25, 2018

Remember, sometimes back Google declared that they were banning all crypto mining plugins in Chrome Store. Luckily, other browsers as Brave, Opera and Firefox were not affected and new users can still download and run MetaMask plugins without any interruption.

It has been one month of ETH accumulation within a $150 trade range. The thing is, even if price action is consolidating horizontally, still our long or short positions are not live because none of our triggers at $550 and $400 has been hit.

Yes, generally, Ethereum might be edging higher but the last three month of price dump might negate their effort and so unless we see strong July 24 follow through, we shall continue holding a neutral to bullish stand.

In the meantime, aggressive traders can begin buying small size ETH positions at current prices with stops at July 24 lows at $435 and aim for $550 as their first targets. Once there is a close above it in line with our overall Ethereum technical analysis, then they can load with targets at $850 or April highs.

Cardano (ADA) Technical Analysis

At Blocklab, Bernardo David of IOHK said the community should have sufficient reasons to replace the Proof of Work (PoW) mechanism with other sustainable block producing consensus methods. Citing centralization where a group of mining pools can literally take over a network or effect changes and even fork out, he urged the researcher community to find alternative algorithms that benefits both the miner and the owner of the cryptocurrency.

In a proof of work consensus, it’s the miner who benefits while the investor or crypto owner is passive and rakes in profits from capital gains only. To counter this, Cardano have implemented a different approach and use proof of stake where the coin minter and investor both win.

Back to price action and ADA has been stalling for the better part of the week. In the first half of the week, bulls drove prices just shy off 20 cents, last week’s highs but for bull trend continuation, we need ADA buyers to step up and clear 20 cents.

Thereafter, we can resume buying on dips though at current consolidation, there are entry options. Ideally, because of last week’s bullish engulfing pattern, my recommendation is to buy at spot prices with stops at 15 cents and targets 40 cents as laid out in previous Cardano (ADA) trade plan.

Tron (TRX) Technical Analysis

Since inception, Tron has been mired with controversy. First there was strong allegations of plagiarism where several pages of their white paper seemed to have been copied directly from Filecoin white paper without any credit given. It didn’t stop there, keen developers could also identified code which were lifted from Ethereum, its main dApp competitor.

Of course, Tron denies these misguided “fallacy” but the acquisition of BitTorrent is spurring more heat for Justin Sun. Even though they say BitTorrent is “the genesis of decentralization movement”, it is an open secret that BitTorrent is a pirates’ platform.

On the charts, TRX is shifting from neutral to bullish after adding two percent in the last day and hopping close to the top 10. Following July 24 gains, we expect to see confirmations of previous Tron technical analysis today.

Now, the best approach to trade TRX and perhaps tap in the positive expectations that would be announced in four days is to buy once buyers close above 4 cents. Stops would be at July 24 lows at 3.2 cents with first targets at 5.5 cents.

Monero (XMR) Technical Analysis

Even though Monero (XMR) is still trading within a bearish break out pattern following that dip below main support on June 10, XMR buyers have been resilient to say the list. So far, it has been more than 40 days of consolidation between $150-immediate resistance line and $100, our main support and sell trigger line.

Before we enter this trade, we must wait for buy confirmations and that would happen only once buyers close above $150 accompanied by high trade volumes. That would effectively cancel the bear break out pattern set in motion on June 10 and set the ball rolling for buyers eyeing for April highs at $300.

Ethereum Classic (ETC) Technical Analysis

There are many benefits that Ethereum Classic have that seems to eclipse Ethereum. Among many, commentators believe ETC is the original Ethereum and not the other way run. Besides, it is secure because of their intention to retain their proof of work consensus algorithm and is free from the ICO craze that is plaguing Ethereum.

Because of this, the ETC development team in collaboration with Open Stack shall be experimenting on Cloud computing and the idea of Side chains as they try to create a solution for the Passport Program. Open Infra Foundation shall act as the intermediary providing reliable cloud federation services.

Relative to last week’s strong gains, this week’s ETC price action has been stalling to say the least. While there were hints of buy pressure after July 24 strong bullish pressure, we haven’t seen strong confirmation above key bull triggers to confirm our ETC buy stand.

Of course, in a generally bearish trend, we need strong signals to warrant buys otherwise, it will be counter-intuitive and trading against the trend. As such, close above $18 as highlighted in our Ethereum Classic Technical analysis, will be a sure reason to buy on dips after a high volume bull candlestick prints. Before then, being neutral will be a better trade approach.

Author: Dalmas N

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Crypto Price Analysis (BTC, EOS, LTC, XLM, TRX): July 25, 2018

Bitcoin is up 35% in the Last two week Spring Loading Altcoins

The crypto market is in the green and with Bitcoin trading upwards of $8,000, other altcoins are reacting edging higher. So far, Bitcoin is up four percent in the last day and more than 35 percent in the last two weeks. At the same time, EOS, Tron and Litecoin are testing key resistance levels and we expect to see strong gains today.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

Thus far, it has been an awesome two weeks for BTC bull. They are up more than 35 percent and trading above $8,000 for the first time since June. Now, because of this resurgence, Wall Street institutional investors are taking note swapping their Bitcoin Futures for “physical” Bitcoin.

Facilitating this exchange for physical is E.D & F Man Capital Markets, a licensed commission merchant and ItBit, an enterprise grade crypto exchange. Even though EFP is a mainstay in traditional markets, it is the first time this exchange is happening in the crypto market. Technically this spells a new beginning for Bitcoin and crypto market in general as high net worth investors liquidate their shorts and ramp up buys as they anticipate further BTC gains.

Our Bitcoin longs were triggered at $6,800 and with recent gains, my recommendation is to shift stops and lock in some profit. According to our Bitcoin trade plan, our ultimate targets are at $10,000 though we can also aim for March highs at $12,000. Because of this, my suggestion for those who are yet to buy, is to enter longs at current spot prices with stops at yesterday’s lows at $7,700. Targets remain unchanged as laid out before.

EOS Technical Analysis

CyberGlass is a one of the 21 Block Producers within the EOS network. While the blockchain secures itself thanks to the wide network of distributed and decentralized full nodes, the element of governance which EOS introduces makes it hard to tame corruption and things like collusion.

This is where Glass, an open source tool created by CyberGlass comes in handy and in accordance to Article 15 of EOS constitution. Glass allows full transparency of block producers, their server location and other details of block producer operations. Basically, Glass helps protect the EOS network from lying BP candidates and those nodes vying to be.

From the way EOS price movement is set up, it’s clear that EOS is in consolidation and bound between June lows at $7 and resistance and buy trigger at $9. Overly though, we might see EOS registering gains and perhaps break above $9 as the market recovers.

Nevertheless, before that happens, we should take a conservative and logical EOS trade approach until after we see high volumes initiating a bullish break out above $9. $9, as we can see is a previous support now resistance and initiated that bear break out of June 22 of which we are currently trading in. So, unless otherwise, any bull rejection above this resistance line constitutes a re-test and a probably bear trade resumption.

Stellar Lumens (XLM) Technical Analysis

Recent events and announcements from CoinBase seems indicate that the $8 billion exchange is planning to take on the competition head on. Stellar Lumens and four other coins are likely to be availed for their 13 million customers spread across the globe.

If listed Lumens will have a psychological advantage since it will be the cheapest coin on offer at the exchange and we might see a pump. Besides, the propensity of CoinBase to list coin backed by industry figure heads gives XLM a head start.

So far, XLM is slowing down and yet to break and close above 30 cents. This is our immediate resistance line and marks June 2018 highs. Now, as before, we are net long and having locked profits-for those who got in early at 22 cents-buying on dips or at current spot rates as suggested before would be a good trading plan.

However, conservatives must wait for clear, high volume break and close above 30 cents before initiating longs with stops at 28 cents.

Litecoin (LTC) Technical Analysis

Although Litecoin did register decent gains yesterday, we are yet to warrant Litecoin buys if technical formations is anything to go by. Our technical stand advised by candlestick patterns is clear: Litecoin bulls need to breach and close above $90 or July highs.

Before then, we shall take a neutral position with bullish expectations because of recent higher highs and rejection of prices below $70. Keep in mind that Litecoin is still trading inside a $20 range and it has been so for the last month as bears took tall and magnifying the bear break out pattern that was ignited after that strong bearish breakout on June 22.

Tron (TRX) Technical Analysis

It is five days before July 31 TVM launch and four days before Tron announces their “secret project”. Well, investors expect nothing less than a high level partnership that could probably spur prices above 4 cents triggering our TRX buys.

Anyhow, after yesterday’s five percent gains we expect momentum to build up today with high odds that our longs would be triggered. As such, my recommendation is to open small size positions at current spot rates with stops at June 24 lows at 3.2 cents. From previous Tron technical analysis, first take profits would be at 5.5 cents.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, NEO, DASH, mIOTA): July 24, 2018

Alt-Coins Bull Trend Resumption Imminent

Most of the coins under review as DASH, Ethereum Classic and NEO are struggling as they move within a trade range. While the general market sentiment is bullish, these coins are technically constrained within a bear break out pattern. So, unless we see strong gains above previous support now resistance, sellers would have and upper hand.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

Two weeks ago, Cardano (ADA) was a given a shot in the arm following that timely announcement by CoinBase. In a statement, CoinBase said it will be exploring ADA and four other cryptocurrencies and probably list them when they are done with their due diligence. The result immediate and we saw strong reversal from 12 cents printing that nice double bar bull reversal pattern.

Now, from observed CoinBase trends, the exchange has this tendency of listing coins that are supported by industry figure heads and this gives Cardano an edge for obvious reasons. Uniquely, Cardano is a product of research with its PoS consensus algorithm peer reviewed. Besides, as a platform founded by Charles Hoskinson who co-founded Ethereum, odds are the more than 13 million registered users would have an opportunity to invest in a low cost, high potential coin.

To trade ADA, we shall anchor our Cardano analysis on last week sharp reversal from 12 cents. Since we now have a bullish engulfing pattern printing from 2018 lows, my ADA trade suggestion is to take advantage of late last week price stall and buy on dips in  lower time frames. Ideal stops would be at 14 cents with first targets at 40 cents and later 50 cents.

IOTA (IOT) Technical Analysis

Considering recent trends, IOTA is definitely on the forefront advocating for the next industry revolution in which data is prime. Lest we forget, IOTA is specifically designed to facilitate M2M communication, allow infinite scalability and most important to make free micro-transactions. Making small payments is currently not possible in Bitcoin as it might spam the network attacking it in the process.

#IOTA is going to power the world. People just don't realize that because it's all happening in back-end; in factories, devices, machines, buildings and not in front-end where we can see it. #IOTAstrong #blockchin #cryptocurrency #bitcoin #IoT https://t.co/231QzkAB8i

— Dino Vabec (@dino_vabec) July 22, 2018

It’s in this vein that IOTA wants to position itself as a lead in what they call “Industry 4.0 Smart Manufacturing” where all related factory data would be stored at the Tangle enabling machines to run independently and with the correct software while concurrently running data analysis.

In the daily chart, our IOTA neutral stand is unchanged and unless otherwise, sellers are in charge. Even though fundamentals are strong, we need to see strong reversals from 90 cents, our key support line if at all buyers are to take lead and turn around losses.

From previous IOTA trade plan, IOTA buyers would be in charge if and only if prices edge above $1.3, cancelling the bear break out sell pattern triggered after June 12 and ushering buyers who might push prices to our targets at $2.5.

Otherwise, any high volume bear break below 90 cents would probably lead to sellers printing 65 cents by mid-August.

NEO Technical Analysis

Switcheo Network, a DEX that runs on the NEO blockchain has launched an API for their developers. Switcheo is an on-chain asset exchange platform for NEP-5 tokens, NEO and GAS. With the API, developers would be better placed to pull exchange related data as historical prices and also execute authentication functions as trades, deposits or withdrawals.

5 more days to go to the launch of #Switcheo Exchange V2!

Today we'll share with you our new Switcheo Exchange API and a chance to win 1,000,000 SWTH!

Find out more in the link below: https://t.co/m2f8uAYRoe#SwitcheoV2 #SwitchtoSwitcheo $SWTH $NEO pic.twitter.com/MQoOuEOfxt

— Switcheo (@SwitcheoNetwork) July 21, 2018

Despite the market wide loss reversals last week, NEO is pretty much stable gaining one percent in the last day. On a week over week basis, NEO is down nine percent and technically trading within a bear break out pattern initiated by June 12 high volume bear candlestick.

In my view, NEO buyers will only be in charge after there is a convincing break above $40 otherwise any rejection at that point would constitute a re-test which would help fuel sellers aiming for $12. Because of this NEO trade plan, it’s better to take a conservative and a neutral approach before initiating trades.

DASH Technical Analysis

Straight from Samsung Stores in three Baltic States accepting DASH as a form of payment and their ATM boosting partnership with CoinFlip, DASH fundamentals are overly bullish. DASH prides itself as a cryptocurrency with fast settlement and that is scalable.

CoinFlip is excited to announce its new partnership with @Dashpay ! Dash is a top-15 coin by market cap and is widely used around the world for fast payments and privacy. It is now available at all CoinFlip ATMs for a ZERO PERCENT FEE (limited time only). Enjoy! https://t.co/ePPve12bZ7

— CoinFlip Bitcoin ATM 🏧 (@CoinFlipATM) July 16, 2018

DASH’s scalability was recently demonstrated after their recent stress test when more than 500,000 transactions-double that of Bitcoin’s-was processed on-chain without a dip in performance.

On price matters though, DASH is down 13 percent in the last week. Noticeably, DASH is in range mode trading within a bear break out pattern with immediate resistance at $270. If anything, DASH tight price movement would mean traders ought to pause their trading as they wait for strong breaks above $270 in line with our previous DASH analysis.

However, even if we are upbeat, DASH sellers stand a chance of reversing last week’s gain and driving back prices below June’s lows at $200 with first targets at $160.

Ethereum Classic (ETC) Technical Analysis

In the midst of an obvious sell trend, June 22, July 10 and 20 bear candlesticks stand out. These are not only high volumes candles but are in sync with the overall bearish sentiment that has been so common in the last 10 weeks or so.

Either way and as emphasized before, we shall recommend buying ETC only after we see strong, high volume bull break out above $18. As it is, $18 is our immediate resistance line and buy trigger as mentioned in our previous ETC technical analysis. So, as ETC prices move within July 20 high low, we shall maintain a neutral stand until after our trade conditions are met.

Author: Dalmas N

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Crypto Price Analysis (ETH, BCH, EOS, XMR, XRP): July 23, 2018

Week over week, we are seeing some gains in the crypto market and leading the charge under the coins on focus is Bitcoin Cash. It’s up 12 percent in the last week alone and at the same time others as EOS added 10 percent. Overly this is positive and while prices are yet to breach key resistance line and warrant longs, we shall nevertheless take a neutral to bullish stance in the coming days.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

Like any digital ecosystem, development is the lifeline for growth. So, it’s no surprise that Ethereum development net is sweeping as more and more developers are keen on joining the ballooning Ethereum ecosystem. With tools as Truffle which Ethereum say is their Swiss Knife, dApp developers can easily compile smart contracts and even create links because Truffle by itself has built-in smart contract capabilities and cool management extension for links and binaries.

On the other hand, tools as Ganache which have seen their month over month download spike 76 percent is helping spread the popularity of Ethereum. Ganache defines itself as a “personal blockchain for Ethereum development” and with it, there is no need to launch chains at mainnet or testnets, Ganache does that for the user.

Our ETH trade plan is simple. In the midst of a bear trend there is optimism following recent events. Regardless, what stands out in the last three months is the classic effort versus result scenario visible as sellers attempt to reverse April gains.

While the trend remain bearish, it’s likely that the general optimism in the market will lift Ethereum prices up in the coming days. Before that happens, ETH bulls must first break and close above $550, our immediate resistance line and July highs.

Thereafter, we can suggest buying on dips with first targets at $850.However, before we begin buying, it’s better to remain neutral and wait for break outs as laid out in our previous trade plans.

XRP Technical Analysis

Fundamentally, XRP is not having it easy. First, there is this momentum sapping delays from the SEC and secondly, the fact that CoinBase is dilly dallying about their stand on XRP is dumping down optimism.

However, away from the US, XRP is finding support at different exchanges helping deepen liquidity. Encouragingly, Ripple figure heads are not shy to spell out their master plan saying their overall intention is to slash down wait time associated to cross border payment from days to seconds. Of course, to make that possible xRapid and XRP would be on demand facilitators.

Back to price action and the influence of 45 cents is clear. Not only is it our main support line but it also doubles up as 2018 lows. In any case, we are seeing buyers rejecting further depreciation resulting in that triple bottom.

Nonetheless, and as laid out in our previous trade plan, we shall take a neutral position until after we see strong gains above 55 cents assuming XRP price sync with current market sentiment. On the flip side, any dip and close below July 20 lows would user in sellers driving prices to 15 cents.

Bitcoin Cash (BCH) Technical Analysis

As reported by various sources, BCH is one of those high demand cryptos in Iran. Apparently, due to economy crippling US sanctions, their central bank issued fiat has been rendered useless because of hyperinflation. So, as a means of exchanging services and storing value, Iranian are circumventing sanctions by accepting payment in high liquid coins as BCH, BTC and even LTC.

By intervening in such dire situations, BCH is simply proving how censor resistant it is and how global adoption would prevent directives as such from becoming effective. Thus far, BCH is up four percent and moving inside a consolidation.

As mentioned before, we shall take a neutral stand but with bullish expectation despite this BCH undervaluation. Yes, aggressive BCH traders can begin loading up at current BCH prices and when they do, safe stops at $700 would be effective. However, patience is important and in that case, waiting for clear break BCH above $850 would be safe for those planning to load on dips with first targets at $1,300.

EOS Technical Analysis

Overshadowing RAM news and related FUDs is solid news that the EOSIO blockchain through put is on an upward trajectory.

Last week for example, it’s through put surpassed that of visa after registering 2822 TPS prompting Novogratz, the owner of Galaxy Digital to say that the network will soon be processing over 50,000 TPS. This is by all accounts a direct endorsement from an influential crypto investor with interest at Block One, the publisher of EOSIO.

In the meantime, EOS is up one percent and stuck within a horizontal consolidation with resistance at $9. Now, as before, we need EOS buyers to edge past $9 if at all we expect EOS to accelerate towards $15, our first buy target.

Remember, this is a bullish outlook that we are taking while cognizant of the fact that sellers are in charge. As such, gains past $9 must be accompanied by strong volume surges otherwise and depreciation below $7 might open doors for further sell pressure pushing prices towards $4.

Monero Technical Analysis

All in all, XMR is trading within a clear bear break out pattern with $150 being an important price tag. Not only is it a break out level but the fact that $150 is our immediate resistance previous support means for buyers to edge higher, then it must break above this level.

Because of this then, conclusive close above $150 with a marked increase of trading volumes will ignite Monero longs on dips in lower time frames going forward. On the reverse side, any close below $100 means selling on pull backs with first targets at $70.

Author: Dalmas N

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Crypto Price Analysis (DASH, XRP, XLM, EOS, BCH): July 20, 2018

As the weekend approaches, altcoins are overly vibrant with DASH leading the recovery. So far, DASH is up 21 percent week over week and likely to break above $270 cementing our buy proposals. In the mean time, XRP, EOS and BCH are stuck in a consolidation and yet to breach key resistance lines.

Let’s have a look at these charts:

XRP Technical Analysis

Of all the top 10 coins in the liquidity list, XRP is perhaps the only that is under regulatory cross hairs. For survival, commentators say, SEC must spell out the category where XRP falls and whether it is a utility or a security. Undoubtedly, if US regulators say XRP is a security that must comply with SEC rules and regulation, then that would be the end of XRP. In fact Asheesh Birla thinks the coin’s valuation would dip to oblivion.

Back to price action and it’s a gloomy picture. As XRP continues to oscillate within an energy sapping 10 cent range with lower and upper limits at 45 cents and 55 cents, traders must pause. Overly, the main trend is bearish and at the moment, we are in a limbo.

For buyers to edge higher and sync with the overall bullish sentiment, then we must see break above 55 cents in line with our XRP buy strategy. That will allow buyers to aim at 70 cents as first targets. On the flip side, any synchrony with bears driving prices below 45 cents mean 15 cents would be ideal bear target.

EOS Technical Analysis

Dan Larimer and Block One’s EOSIO blockchain is proving to be force to reckon despite recent upheavals. RAM continues to be a contention but behind RAM and talks of Block Producers, it’s through put is surging.

Congrats to the #EOS community on becoming the fastest growing, highest performing (2000+ TPS w/ 500ms block times), most efficient (1% inflation and no fees), and most aligned blockchain ecosystem in the world… in just 6 weeks https://t.co/R0OR0hIqU4

— Brendan Blumer (@BrendanBlumer) July 18, 2018

At one point, EOSIO through put was better than Visa printing 2822 TPS triggering celebrations within the community. Nevertheless, critics think the developer community should come with permanent solutions to tame RAM, a network resource.  Side chains and expansion of total RAM TB are some proposals to fix that.

In the charts, we maintain a neutral to bullish stand thanks to gains on Mon-Tue. Even though EOS is still in consolidation and below $9, our minor trigger line and July highs, odds are EOS bulls will break above it today or over the weekend. In any case, any close above $9 means we shall begin loading EOS longs with stops at $8 and targets at $15 or June highs.

Stellar Lumens (XLM) Technical Analysis

On a weekly basis, XLM is the crypto’s top performer adding 52 percent. Even without looking at the chart, 52 percent week over week gains means there is a bullish break out somewhere.

In the daily chart, we can see that XLM bulls broke above 22 cents, triggering buys and hitting our first targets at 30 cents or June 2018 highs.

Now, the reaction we are seeing is normal and provides an opportunity for traders to load up anywhere between 22 cents and 25 cents. Ideal first target would be 50 cents with safe stops at 22 cents.

Bitcoin Cash (BCH) Technical Analysis

The supremacy war rages on but unfortunately, ordinary investors and guys who use BCH don’t care about details. All they want is to settle and move on with their lives.

If synergy existed between BTC and BCH developers then the better but at the moment, BCH is concentrating more on off chain solutions as colored coins and others. At the same time Bitmain is proposing smart contract capabilities, the Omni Layer Protocol concept like those in use by Tether but once they elaborate, we shall get a better understanding on their idea.

On the chart, it’s a stand still for Bulls and so far, BCH is yet to move above $850 resistance line. Nevertheless, buyers are definitely in charge even though BCH price action is confined within a $250 trade range with lower limits at $600.

In any case, we remain neutral and risk on traders better wait for break outs above $850 before loading up on dips with targets at $1,300. Remember, any drop below $600-in line with our previous analysis-would automatically usher in sellers.

DASH Technical Analysis

Coins often have to prove that their network is scalable and the best way to demonstrate that is solid results. DASH carried out their stress test processing double Bitcoin transactions and the results were astounding: fees remained constant and performance didn’t dip. In other news, those willing to trade DASH can now open individual accounts at Evolve Markets.

$Dash Stress Test Processes Double Bitcoin’s On-Chain Transactions Without Issuehttps://t.co/Br1prkpckH#Blockchain #Cryptocurrency #FinTech #Technology #BTC #Bitcoin #Dash #Payments #Litecoin #LTC pic.twitter.com/sbM1DhzgFP

— Dash News (@DashpayNews) July 19, 2018

Today’s and tomorrow’s candlestick would either make or break our bullish stand. From previous DASH analysis, we stated that DASH is trading within a bear break out all thanks to June 10 bear candlestick dropping prices below $270.

For buyers to cancel that preview then we must see DASH prices closing above $270-previous support now resistance. Thereafter, we shall begin taking longs with every dip with targets at $330 and later $500.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETH, ETC, TRX, XMR): July 19, 2018

The Crypto market is alive and nothing more could support coin prices more than new findings from eToro. According to their research, there is a tad bit of Cardano (ADA) undervaluation considering the smart contract platform it seeks to unleash.

In the meantime, talks of scalability continue to dominate giving Ethereum Classic a time to shine and benefit from DCG investment.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

Of course the pump is real and uniform across the market. Before we move on and attribute the recent resurgence of price to internal or development factors, we must bring to light the influence of Bitcoin. Bitcoin is now trading above $7,000 after 25 days of consolidation lifting Cardano (ADA) and most coins in the top 10. The only caveat and a point of caution is that Cardano is a promising project on paper.

Proponent says that their blockchain is a research product and their Proof of Stake consensus algorithm is peer reviewed and advanced. Once there is implementation, supporters assert, it shall set the standard for other virtual currencies to adopt.

Nonetheless, I remain conservative on such lofty claims though even if we have a glimpse of the future thanks to recent update of Shelly Project. Shelly is a project that’s after more decentralization working on the three pillars of delegation, incentivization and networking.

Back to price action and ADA bulls are on the lead reversing June losses. At current prices, it means our bull triggers has been hit meaning our ADA longs are now active.

From previous trade plans, we had set our buy trigger at 16 cents or at July 2 highs and prices are now trending above it. If it remains this way then traders ought to move there stops to break even and shift their take profits to 30 cents.

Ethereum (ETH) Technical Analysis

Vitalik is the poster boy of Ethereum and he definitely means well for the network. In a recent interview with Tyler Cowen, Vitalik said for blockchain technologies to have this high level global adoption then it must deal with scalability concerns and improve user experience.

It’s a good thing he talks about it because Ethereum is trying to solve scalability in a two prong approach. One is through on chain improvement via sharding and another is a layer two, off chain solution with implementation of Plasma. If successful, both will see Ethereum “raw’ through put spike from 15 TPS to >10,000 TPS effectively competing with other payment solutions as Visa.

Plasma implementations being almost ready :)

The base layer for a central bank currency having $5 txfees is ok; it is after all only a settlement layer

— Vitalik Non-giver of Ether (@VitalikButerin) July 11, 2018

Clearly, Ether is rejecting BTC charms and while Stellar is printing double digit gains, ETH is up nine percent for the week. This by extension means our buy triggers and previous trade plan is solid.

However, this should not be interpreted as bearish because this could be after all an undervaluation relative to the general bull market. Aggressive traders can take advantage of this arbitrage moment and buy ETH at current prices with tight stops at $450. Nevertheless and in m view, I suggest staying neutral until buyers breach and close above $550.

Ethereum Classic (ETC) Technical Analysis

According to Barry Silbert, whom the CNBC Fast Money hosts gladly call the “King of Crypto” thinks 2019 is going to be an enormous year for cryptocurrencies including ETC. The reasons are there for many to see.

The king of #crypto @barrysilbert says #bitcoin has found its bottom and the only way is up. pic.twitter.com/CIi2PEKDnK

— CNBC's Fast Money (@CNBCFastMoney) July 18, 2018

First, there shall be institutional involvement and secondly, Cryptos would be socially acceptable. People will simply have an easy time getting involved and now Decentralized Currency Group (DCG) have allocated 25 percent of their holdings in ETC.

That’s a shill by a market influencer and coincidentally, it’s happening when there is a problem within the Ethereum development arena. For some reasons, the Ethereum Foundation did implement Parity Bailout EIP without the community blessings triggering calls of centralization and core dictatorship.

In the charts, we are still neutral on ETC waiting for bulls to move prices above $18. From our early analysis, we were pretty much bearish on this coin after July 10 bearish candlestick threatening to drive ETC prices to $12.

However, bulls are now back and it’s only a matter of time before we see strong volumes pumping ETC above $18 and validating our longs. When that happens, buyers should first aim at $25.

Tron (TRX) Technical Analysis

There is no surprise that Tron’s intention is to dethrone Ethereum and take over the dApp/smart contract business. To make that a reality, they shall be launching their TVM later this month and with a promise of 10,000 TPS per second with several rewards in place for developers, the smart contracting market would heat up.

I am excited to run for #TRON Super Representative alongside excellent candidates, in the hands of our community. Voting is a crucial part of the #TRON ecosystem and embodies our mission of decentralization and democracy. Every vote counts! #TRX $TRX https://t.co/0R7cefF3Ws pic.twitter.com/s84NWAmQWG

— Justin Sun (@justinsuntron) July 18, 2018

We shall see what happens once they are running full throttle. In the meantime though, Tron Foundation did dispose 92.4 billion ERC-20 tokens from exchanges a couple of days ago. At the same time, Justin Sun has relayed his intentions to run as a SR and it is a personal decision and the 33.25 billion votes locked by the Tron Foundation would not be used to vote him in.

In the midst of buy pressure, TRX longs are now active after yesterday’s bull close above 4 cents. Anyhow, it has been coming and following this week’s impressive bullish run and positive decisions by the Tron Foundation, TRX is poised for further gains.

Notice that these higher highs are accompanied by strong volume spikes and it’s at the background of this that I recommend loading at current spot prices with stops at 3.5 cents with first targets at 5 and later 5.5 cents.

Monero (XMR) Technical Analysis

Regardless of the excitement within the space, we remain Monero bears until after buyers gain enough momentum to clear $150, our immediate resistance and buy trigger line. Already, there is some positive development in the aftermath of July 10 bear candlestick.

Buyers are not only trading above its highs but are towing in with buyer intentions clear on July 10 pin bar and the long lower wick signaling buy involvement. I suggest remaining neutral until after our trade conditions are met.

Author: Dalmas N

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Crypto Price Analysis (BTC, EOS, XLM, TRX, LTC): July 18, 2018

Bitcoin Bulls Eye Balling $10,000

There is a pump in Bitcoin prices and thanks to their direct correlation, other coins are following suit. Litecoin and Stellar are straight buys while EOS shall be once prices edge past $9. A standout in the midst of this revival is the rather fast paced gains of Lumens. It’s a top performer adding 52 percent in the last week alone.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

Until Q3 of 2017, Bitcoin and other cryptocurrencies were a working of retail investors. Yes, we had some institutions delaying their intentions to venture into the markets but the spike in prices in Q4 sparked interests from institutional players.

Then we saw BTC Futures being listed at the CBoE and CME and in August we shall have a Bitcoin ETF, a creation of SolidX and VanEck available for institutional trading at CBoE.

Crypto Fans, August 10 is Next Bitcoin ETF SEC Ruling on VanEck SolidX Bitcoin Trust https://t.co/408TPDbJ3x

Attention attention read all about it, cryptocurrency traders, investors and users to unite around what could be one of the biggest landmark approvals inside the maturi…

— Bitcoin Exchange Guide (@bitcoinsguide) July 12, 2018

At the backdrop is the recent reiteration by CoinBase VP and Binance CEO that there has been an “uptick in interest” from institutional investors on matters crypto. It’s on the same vein that most exchanges as CoinBase for example are realigning their business structures by being more complaint with applicable laws and transparent with their dealings.

Now, the combination of these factors begs the question: Considering the recent pump in prices, are these institutions readying themselves for the next wave of bull rally?

In the charts, the 10 percent pump in BTC prices thrusting it above $6,800 and $7,000 means our buys are live. Because of this, my trade suggestion for those entering the market now is to zoom in to the one or four chart and look for undervaluation-any form of retest pushing back BTC prices back to $7,000 and buy with stops at $7,000. Ideal buy targets would be at $10,000.

EOS Technical Analysis

After dominating the Bitcoin mining scene, Bitmain now have their eyes on EOS. At the moment, not only are they investors at Block One but they are also a Block Producer meaning they are constantly verifying transactions and racking in $10,000 a day.

https://t.co/LgcclYjBIb Closes Strategic Investment Round Led by Peter Thiel and Bitmain https://t.co/aM7aFuwyDE

— block.one (@block_one_) July 16, 2018

Justifying their investment, Wu, the CEO of Bitmain said EOSIO is “an example of a blockchain innovation”. EOSIO scalability and high performance he added “paves the way for global adoption”. As a global company with a $12 billion valuation, it has offices all over the world and they are constantly recruiting. They plan to add 40 more programmers/analysts at their Israeli office in the coming weeks.

Despite their RAM difficulties and other internal politics, EOS is bullish gaining 11 percent in the last hour. Even though the excitement is plausible, my suggestion is to practice patience and that means executing longs ONLY after bulls breach and CLOSE above our bull trigger line at $9.

It’s tempting to go long now but being in a deep bear trend, we need assurance. That will only happen after when prices edge above that consolidation and July 2 highs at $9. An ideal long target is at $15, June highs and in that case, stops would be at June 18 lows at $8.

Litecoin (LTC) Technical Analysis

Now, do we have a crypto tribalism or is this pure tribal? I’m talking about Charlie Lee recent comment that was a direct endorsement of Bitcoin. Ironically, he’s the co-founder of Litecoin but sold all his LTC in February sparking sell frenzy.

He advice crypto enthusiasts to first buy at least 1 BTC before buying any other “sh*tcoin” and that “Sh*tcoin” includes LTC.

There will be at most 21 million bitcoins in existence. There isn't even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first. 🥅

Once you have 1 BTC, buy all the shitcoins you want! 😂 pic.twitter.com/bc3xKKGB0m

— Charlie Lee [LTC⚡] (@SatoshiLite) July 17, 2018

He may be right though: BTC is a limited coin with less than 6 million remaining before the ultimate 21 million is hit. Besides, there is this support from Peter Thiel, the co-founder of PayPal, saying Bitcoin is “an equivalent to digital gold” and “the one you’d bet on would be the biggest”. Those are all pro-BTC and LTC by extension.

For 19 days now, we have been shifting from neutral to bearish either waiting for prices to edge below $70 or break above $90 triggering buys. The latter has happened and after yesterday’s gains, LTC is trending above $90 meaning both aggressive and conservatives can begin ramping up longs with targets at $110. Safe stops should be at $80 or July 17 lows.

Stellar Lumens (XLM) Technical Analysis

More often than not, Stellar is usually scarce on news but after complying with Sharia Laws and getting listed at Kucoin, we have seen a deluge of good news. What stands out though is news of Pilot Trust backed stable coin from Stronghold built on the Stellar platform.

We are excited to announce Stronghold is @StellarOrg First Venture-Backed USD Anchor and our exploration with @IBMBlockchain. Upward and onward. #stellar #blockchain #xlm #usdanchorhttps://t.co/1WygyBdpcd pic.twitter.com/cULkOABhdR

— Stronghold (@strongholdxchg) July 17, 2018

Their goal is simple: stabilize the often volatile crypto market by pegging their coin to the USD drawing its stability. Besides creating a stable coin and Tether’s competition, it plans to partner with IBM to see ways of making the coin a utility to different blockchain-based business networks in the field of banking and manufacturing. If anything, Stronghold is intrinsically designed to be a B2B solution and won’t be available for retail acquisition.

At current prices, XLM is 2 cents away from hitting our first buy targets after triggering buys at 22 cents as laid out in our previous trade plan. The thing is: you can still buy on pull backs anywhere between 25 cents and 30 cents.

It’s simple to see why: the market has been on a rapid growth characteristics of the first stage of a bottoming out market. Regardless of the stage of the market cycle, our ultimate target would be 50 cents.

Tron (TRX) Technical Analysis

Undoubtedly, Tron wants to be an independent coin and yesterday, they destroyed about 92.4 billion ERC-20 TRX tokens from their exchanges that had migrated. This is positive and is a clear intention of their plan of running independently as they prepare to launch their TVM late this month.

We have been clear about how TRX should be traded and for the first time this month, TRX prices are back above 4 cents, triggering our longs. So, in line with our previous trade plan, my recommendation is to buy at current spot prices with stops at 3.5 cents and with first targets at 5 cents.

Remember, any break above 5 cents would mean reversal of June losses and a double bar bull reversal pattern in the monthly chart meaning buyers can prepare for more gains through Q3 and probably Q4 of 2018.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, NEO, mIOTA, DASH): July 17, 2018

CoinFlip ATM-DASH Partnership, Cardano’s Shelly Project Update and ETC’s Emerald RS Release Boosting Crypto Market Cap

The space is vibrant and not only do we see decent gains in Cardano (ADA), IOTA, DASH or even ETC, fundamentals are also bullish. First, DASH-CoinFlipATM partnership is timely for DASH and sooner or later, prices might print above $300.On the other hand, updates from Cardano about Shelly and ETC release of Emerald RS are all positive for the market and those respective coins in particular.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

What sets Cardano apart is their ability to constantly update their supporters and to that end, there is new update on the progress of the Shelly project. Through their official YouTube channel, the product manager of IOHK Liz Bancroft detailed the progress made by the team for the month of June. She also laid out their expectation on the project.

Even though the project is still in theory and under discussion on the best way of execution, Shelly is under focus. The team behind it wants it to enhance the networks decentralization through proper delegation, user incentivization and most importantly networking. By incentivization, there shall be a rewarding system in place for those who adhere to the network protocol. In the meantime, delegation will be useful for those signifying off blocks to third parties.

Like the rest of the markets, Cardano (ADA) is trending higher and reversing strongly from 12 cents, our main support line and 2018 lows. Now, in line with our previous analysis, our main buy trigger line stands at 16 cents.

16 cents is right above the recent consolidation and July 2 highs and today we might see prices thrusting past this level. When it does then we expect further gains towards 20 cents and later 40 cents with stops at July 16 lows at 14 cents.

Ethereum Classic (ETC) Technical Analysis

Regardless, we are seeing some significant development in the ETC market. From the time of announcement-which drew a lot of interest, the ETC market cap has gained $500 million up from $1.2 billion in early June to $1.77 billion at current valuation.

Remember, as this is happening ETC is yet to gain a spot at CoinBase and there are tell tale signs for further gains.  Transactional volumes are exploding and what’s more encouraging is the release of the account management tool, Emerald RS.

Emerald-rs v0.23.1 #Rust Crate Now Available via ETCDEV Teamhttps://t.co/8UwhCT6aGc

– $ETC library written in Rust @rustlang

– Vault secure offline account management in Rusthttps://t.co/EMf1bEEdu8#BUIDL #Rustlang #EthereumClassic #ClassicIsComing

— Ethereum Classic (@eth_classic) July 15, 2018

With this tool, ETC users would access smart contract functionality and contract calls—which is simply the trustless signing of transactions, a challenge in the network. Then again, the tool will likely form a basis for working on third part dApp standardization and a framework where developers can create their dApps.

In the middle of a strong bear trend, ETC sellers are currently in charge and as such, the only time this projection would be cancelled is when prices edge past our buy trigger. That’s right at $18, our minor resistance line and June-July highs.

Because of this, I suggest staying neutral until after we see moves above $18. That way our buys would be live meaning our immediate bull targets would be at $25 with safe stops at $15.

NEO Technical Analysis

There is wonderful news from within the NEO ecosystem with news that Alphacat has formed this strategic partnership with SecureForest, a Tel-Aviv based cyber-security company. It will be interesting because the merger of these two would lead to something special for users keen on leveraging AI and blockchain solutions for making forecasts.

#Alphacat has entered into a strategic partnership with Israeli #blockchain #cybersecurity company @secureforest. #ACAT $ACAT #NEO #ArtificialIntelligence https://t.co/FwqrNivSNL

— Alphacat (@Alphacat_io) July 16, 2018

For one, Alphacat focuses specifically on cryptocurrencies and uses the power of AI and big data to offer market place advice. On the other hand, SecureForest are experts in cyber and blockchain security and use their in-house algorithms and deep market trend analysis tools. Overly, there will be general “enrichment” as these two complements each other technology wise benefiting the end user.

On to the chart and NEO prices are ranging. It’s up ten percent in the last day but prices are yet to move past $40, our main buy trigger line. Note that, NEO is trying to recover within a deep bear trend and still trading within an official break out pattern after that collapse below $40 on June 12.

So, while we can be upbeat we ought to remain cautious and realize that this may be a phase two of a break out pattern-the retest.

The only move that can cancel this projection is if buyers strongly push and close above $40 and in that case we shall suggest buying on dips with targets at $60 and later $90.

IOTA Technical Analysis

Of course, Qubic proposals would shape and cement IOTA lead as the leader in the IoT. Today, the team shall hold a AMA session. Qubic proposes ingenious solutions in matters smart contracting, Oracles and even computational outsourcing. At its core, Qubic is simply a base layer where you can set rules on the best way of transferring data or making payments. It is built on Tangle and seeks to compete with smart contracting capabilities of Ethereum, NEO and others.

The Qubic development team will be having an Ask Me Anything focusing on the topic of their work. Time: July 17th, 9am – 11am PST (4pm – 6pm UTC)
Add questions now and they will be answered over the duration of the AMA.
Website: https://t.co/Wkz6vuotqZhttps://t.co/xtiBDesbYR

— Samuel Reid (@SamuelReidIOTA) July 16, 2018

At the moment, IOTA is rejecting 90 cents and is up seven percent in the last day. While I suggest execution of longs by aggressive traders as they sync with the overall bullish sentiment, we must realize that that would be countering the main trend and “figuring out bottoms”.

In my view, the best time to trade this asset is when buyers break above this minor consolidation and close above $1.3. That way, odds are bulls will push towards May and June highs with ultimate targets at $2.5 with stops at $1.2.

DASH Technical Analysis

Mass adoption is everything a company desirous of growing should aim for. DASH, a Bitcoin fork, has been on the forefront driving that objective and going by recent Reddit announcement, their partnership with CoinFlip ATM shall accelerate that.

CoinFlip is excited to announce its new partnership with @Dashpay ! Dash is a top-15 coin by market cap and is widely used around the world for fast payments and privacy. It is now available at all CoinFlip ATMs for a ZERO PERCENT FEE (limited time only). Enjoy! https://t.co/ePPve12bZ7

— CoinFlip Bitcoin ATM 🏧 (@CoinFlipATM) July 16, 2018

With the partnership, DASH said, they shall “increase the number of DASH supporting cryptocurrencies in the US by 85 percent” and to celebrate they shall waive “DASH transaction fees” and hold a monthly competition where winners get free DASH.

Back to price action and it is clear buyers are keen on reversing losses. It’s up nine percent in the last day and my suggestion is that traders can begin executing longs with tight stops at July 16 lows at $220.

Ideally, these stops would have been at the bottom of the range at $200 but there was a spike in volumes yesterday meaning the momentum is strong. Otherwise, conservatives can wait for price action to invalidate this bear break out trading strategy should bulls breach $270, our immediate resistance trend line.

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Crypto Price Analysis (ETH, XRP, EOS, BCH, XMR): July 16, 2018

Nordic Banks will Launch a Cross Border Payment Solution-P27- to Take on Cryptocurrencies

Straight from sensational accusations that EOSIO is behind Ethereum congestion woes and Western Union filling a patent excluding XRP and Ripple in their literature, the crypto market is robust and recovering. All in all, my recommendation is to remain neutral until after key resistance lines have been breached signaling buyers.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

Allegations were rife that EOSIO might be behind the recent Ethereum network congestion sending gas prices through the roof. Well, Ethereum network congestion is nothing new but remains a weighty issue. Now an explosive post highlighting how EOS-working through proxy accounts- has been systematically spamming the Ethereum network with next to useless token air drops whenever EOS has a technical glitch.

After doing a little bit of research, a dApp developer called Justo could link these spam accounts with EOS but as expected, Dan Larimer, the CTO at Block One rebuffs these “stupid” allegations. In a post, he said EOS had better things to do than waste its resources by attacking Ethereum whereas Cryptokitties can do the job better.

Back to price action and Ethereum is up four percent in the last day. Notice that this is resurgence is happening right in the middle of a strong bear trend. At the same time, ETH is trending within a tight $100 trade range with resistance at $500.

As it is, my trade recommendation is to remain neutral until after buyers push above $500, our previous buy trigger. $500 is our main bull trigger line which ETH bulls failed to trigger on July 7 and 8 when that evening star bear reversal pattern printed. So, until buys add to their gains and break out of this trade range, we remain neutral cognizant of the fact that we are still in a bear trend with sell trigger at $400.

EOS Technical Analysis

Like ETH and other top five coins, EOS continue to reject lower lows and in the last day, it has added five percent bouncing off $7. In our previous analysis, $7 is a mid range and intermittent support line coinciding with the 78.6 percent Fibonacci retracement line anchored on March-April high lows.

Now, thanks to the across the board recovery, traders can exit their previous shorts and enter long as they sync with March-April rally. Here’s how they can do it: Aggressive traders can load up longs at current prices with stops at $7. On the other hand, conservatives can wait for breaks above July highs at $9 and buy on dips going forward. In both cases, ideal first bull targets are at June highs at $15.

Ripple (XRP) Technical Analysis

There are lots of exciting developments in Ripple and news of NDAX offering their support for XRP is positive for the promising coin. NDAX now becomes the first Canadian cryptocurrency exchanges to list XRP ahead of CoinSquare which has plans to expand to other jurisdictions.

Remember, by listing XRP, NDAX exposes the coin to extra liquidity and demand and this by extension pumps price.

In other news, Western Union has registered their own cryptocurrency app tailored for their business and in the patent they mentioned nothing about XRP and even Ripple, the company.

In their pilot program, the plan was that Western Union shall make use of xRapid and XRP for their international remittance and they did but Western Union CEO says the company didn’t see significant cost cutting as initially thought.

It’s a classic effort versus result at XRP and we can see how buyers are rejecting further losses below 45 cents. At the same time, sellers have been capping gains in the last week or so preventing gains above 50 cents, our main resistance line and buy trigger.

In any case, my trade plan is simple. Yes, there are pockets of bulls but first we need to see break outs above 50 cents to warrant buys on dips or strongly below 45 cent for sell trend continuation.

Any bull break out above 50 cents would welcome buyers aiming for 70 cents as the first targets while sellers are eye balling 15 cents should bears break below 2018 lows.

Bitcoin Cash (BCH) Technical Analysis

Nordic banks are often the leaders in technological innovations. They already have a working mobile payment app serving around 27 million people in the Nordic but with cryptocurrency and blockchain, they are now evolving.

With a project dubbed P27 set to roll out in 2019, these banks are building a strong financial infrastructure according to reports to facilitate cross border payments connecting all the four fiat currencies with settlement done in seconds. This of course is a way of countering competition as Bitcoin Cash which has the same plan of going global and cutting out banks from their own game.

There are two ways of trading BCH. Either you buy at current prices with stops at $650 or wait for a break out above $850, our initial buy trigger with targets $1200. Anyway, we were neutral and my recommendation is to wait for confirmation before executing trades.

The only assurance for that is when buyers break above $850 and we prefer this conservative approach despite these last two days higher highs.

Monero (XMR) Technical Analysis

We shall continue trading a bear break out pattern in line with June 10 bears. As such, we shall treat these oscillations attempts of retesting previous support now resistance at $150.

As before, risk on traders shall remain neutral with a bearish skew until after we breach of $150. Now, for this price boosting event to happen then we must see prices edging above July 10 highs and by doing so, prices would be breaking off this consolidation that begun on July 11.

Author: Dalmas N

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Crypto Price Analysis (XRP, XLM, EOS, BCH, DASH): July 13, 2018

DASH Recovery, Robinhood Lists BCH and Litecoin Plus EOS Superiority

Eight months later and coins are facing the sell sword. Most of them are down in the excess of 60 percent from their ATHs. Nevertheless, there is a ray of hope especially for DASH and Stellar Lumens. DASH is rejecting sell attempts to push prices below $200, a psychological level and on the other hand Stellar is buoyed by Tempo’s good news.

Let’s have a look at these charts:

Ripple (XRP) Technical Analysis

For a business to stand out then it’s their duty to evolve, adapt and even adopt superior innovation propelling their businesses forward. That’s exactly what SBI Holdings did two years ago. They formed a working win-win partnership with Ripple the company and one of their objectives was to create this settlement platform that would connect Japan and the whole of SE Asia region including Thailand.

It’s now up and running and with SBI Remit service proving to be a real utility for Thai nationals living and working in Japan, the power of Ripple’s xCurrent is clear for everyone to see. SBI Remit collaborated with Siam Commercial Service (SCB) creating this near instant remittance service available where the recipients receive their monies in Thai Baht straight in their SCB accounts.

Our trade plan as previously mention is clear: 45 cents is the main support line and a sell trigger should we see prices closing below it. Well, we saw a break below yesterday and even though XRP is up two percent in the last day, there is opportunity for sellers to load up their positions with every recovery in lower time frames with stops at July 10 highs at 50 cents or there about. Remember, trade volumes are relatively high and as XRP continue to sink, traders will be syncing with the trend and in that case ideal sell targets stands at 15 cents.

Bitcoin Cash (BCH) Technical Analysis

Robinhood is on the frontier of cryptocurrency innovation. It’s expanding its role of facilitation if we consider recent announcements. Not only is it expanding to new states but traders get to rack up profits with little charges as it is amongst the very few platforms which don’t charge commission. Recently, the platform added Bitcoin Cash and Litecoin clearly showing the company intention of drawing users and staying above the stiff competition in the US.

On to the charts now and our trade plan is as before: sell on pull backs in lower time frames. As it is, BCH is pretty much stable and in the last 24 hours for example, it’s up three percent. Regardless of this appreciation, sellers should find opportunities to enter at better prices and as such, shorting now with targets at $300 is ideal. Stops should be at around $750-$850 zone.

EOS Technical Analysis

Performance wise, the architecture of EOSIO allows it to outperform when it comes to the number of transactions it can process per second. At one point, stats from Blocktivity showed that EOS’s 24 hour trading volumes surpassed that of Ethereum and what’s even interesting was that as Ethereum was struggling with congestion, the record transaction processing occupied just one percent of EOS total capacity.

Of course, this is what proponents want to see. In coming days though Ethereum plans to implement a couple of scaling solutions, EOS superiority could draw some new high level clients further cementing EOS position as a go-to platform.

At current prices, EOS is trending at a support level and going by historical trends, $7 has been a region of support. On previous trade plans, EOS is a sell and considering technical formations, that position still holds true.

Therefore, as we align ourselves with the general bear move, my suggestion is to short at current prices with stops at June 10 highs at around $8. Sell targets remain as before at $4 with any form of up-thrust above $8 cancelling this sell forecast.

Stellar Lumens Technical Analysis

Like Ripple, Stellar is by design meant to be and facilitate cross border payment and therefore its duck soup to realize that finance related blockchain start ups would strive on Stellar. It’s Stellar’s design consideration that Tempo will now launch their business on this platform.

In return, Tempo shall run their crypto-fiat trading activities and payment with Lumens (XLM) as their base currency. To further simplify the process, bring the cost down and boost liquidity, Tempo shall make use of Stellar’s DEX.

In the charts and it’s a non-event as far as XLM pricing is concerned. Bears are still leading their erosion charge and even though there is a little bit of support as XLM is up three percent in the last day, selling on every high will still be valid.

Because the trend is overwhelmingly bearish and prices trending within a bearish break out pattern based on June 22 bear candlestick, my suggestion is to short with targets at 15 cents and later 8 cents. For reasonable risk-reward ratio, stops should be at 20 cents or July 10 highs.

DASH Technical Analysis

It has been a rough eight months and particularly chilling for DASH in the last two months. While DASH Core Group claims to be the first DAO controlled entity, we are not seeing price following suit and reflecting on that uniqueness.

Instead, the slide continues and with barrage of bad news shadowing prices, DASH seems to heading to the dredges but there is good news. There is a recovery and DASH buyers seem to be rejecting lower lows. In my view, my suggestion for those planning to get in is to wait until prices break below $200 before resuming shorts. Either way, there are no solid plans of buying unless we see DASH buyers edging past $200, our immediate resistance line.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETH, ETC, TRX, XMR): July 12, 2018

“Cardano (ADA) is extremely Under-Valued” Says CNBC Host

In less than two months, the cryptocurrency market has lost more than $200 billion in market cap after peaking at $450 billion in early May. This simple metric goes on to show incessant bears have been. So, in line with this fact, we should align our trades and flow with bears across all pairs under our radar.

Let’s have a look at these charts:

Ethereum (ETH) Technical Analysis

There is always something nice going on in the crypto space. If it’s not shed being thrown then it has to do with development. And it is development in mind with the main theme being that of scalability and through-put. Already, there are some novel proposals in place on the way forward. For purposes of making Ethereum a truly global platform, the platform plans to shift from PoW to Casper, a PoS consensus algorithm.

Besides, there are talks of Plasma and data Shards. These two, proponents believe, will leverage on the security of the Ethereum mainnet and in turn process hundreds of thousands of transactions off-chain. Of the two scalability solutions, Plasma being this multi-chain protocol consisting of small network of off-shot chains is the most viable because it has been demonstrated by 0x. 0x use the Ethereum main chain to process batched transactions that must be processed with majority as sell-buy orders happen off-chain. Let’s see what happens because after all, a < 10 TPS network will always be mired by congestion and things like those.

Our position on ETH is clear: we are sellers. It’s easy to see why. Well, first, prices are overly bearish and while the past two months have seen prices sliding to new levels, ETH sellers are yet to blast through April 2018 lows at $350, our immediate bear target.

Secondly, despite attempts of higher highs in the beginning of the month, sellers did manage to come on top. So, because of all these factors, we shall trade in the direction set by July 10 bearish engulfing candlestick and short with stops at $480 in this Evening Star bear reversal pattern. Any break above $500, our bull trigger, cancels this sell projection.

Cardano (ADA) Technical Analysis

According to Charles Hoskinson, the Cardano Co-founder and head of IOHK, Google is a “good patron of open-source technology”. In fact, some of their employees are part of some open source projects. He even recognized Mike Hearn, a Bitcoin Core developer as an example. Anyhow, as it is, there is reason to believe, according to Ran Neu-Ner of CNBC, that ADA is greatly under-valued.

Now, the markets are down and ADA couldn’t be left behind. It’s down 17 percent week over week and down three percent in the last day. Encouragingly, ADA is yet to break below 12 cents, our main sell trigger line and 2018 lows. That price tag is important as we have mentioned in our previous analysis. For now, we remain neutral with a bearish skew waiting for a break out trade below 12 cents or bounce off support with long triggers above 16 cents.

Tron (TRX) Technical Analysis

Two days ago, Twitter sent a team to Tron offices and while we don’t know what they were discussing, this ‘simple” visit has generated a ton load of speculation. Is there a partnership in the working or is Twitter about to reverse their previous crypto-ad ban? All these we don’t know but of course, if these rumors are true then the better for TRX and crypto as an industry.

On to the charts, and sellers are pressing lower in line with our previous trade plan. Then we mentioned that as long as prices are trading below 4 cents, sellers should have an upper hand and short on every pull back. The narrative is pretty much the same and my suggestion going forward is to sell with tight stops at 3.5 cents and targets at 2.5 cents. 2.5 cents is a key support line marking the lower limit of Feb-April consolidation as the daily chart shows.

Ethereum Classic (ETC) Technical Analysis

Radex is an ingenious master piece of a project and the team behind its development, Saturn Network, ought to be lauded for their effort. Radex is a cryptocurrency DEX that enable trading of ERC-20 tokens via an upgrading protocol that convert these tokens into ERC-223 complaint tokens.

These tokens are designed to be safe and what’s more, trading on Radex is free. Besides, traders can trade both ETC and ETH tokens and with Saturn Network pushing the barriers to create a fully functional Saturn Wallet that works on both ETC and ETH platforms, it couldn’t be easier to trade.

Back to price action and the fake break out above $18 has rendered our previous bullish proposal null. That bearish engulfing pattern on July 10 hit our stops at $16. As such, my suggestion for risk-off traders is to sync with the trend and short at every highs with stops at $18. Ideal bear targets stands at $13, the double bottom of April and June 2018. At current spot rate, it’s a 1:1 risk-reward ratio and it doesn’t make sense for buy-hold traders. So, because of that, my suggestion for them is to wait for clear break out trade below $12 or above $18 before entering.

Monero (XMR) Technical Analysis

There is an attack going on right now on privacy centric coins as Monero and ZCash. The government and especially the US Secret Service and the FBI hate “Monero” while normal citizens-who want to keep private things private believe Monero is a coin from heaven. Of course, it’s a perfect utility for them and their security features as Ring Signatures attests to that.

Price wise though, July 10 flash crash has defined our stops and targets already and it makes sense to trade according to that. After all, we were net bearish waiting for buy triggers above $150. As it stands, my suggestion is to sell with stops at $140 and targets at $70, our main support line.

Author: Dalmas N

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Crypto Price Analysis (BTC, EOS, LTC, XLM, TRX): July 11, 2018

Litecoin Buys a Bank, EOS RAM issues and Bitcoin aims for $3,000

There is always mix reaction when it comes to future BTC valuation. Some analysts think price erosion will continue and even drive prices to $2,500 while others have reasons to believe that the market is bottoming out. By their own judgments, soon we shall see BTC testing the moon at $25,000 they insist. Either way, their sentiment might be correct since every depreciation/gains has an ending.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

Undoubtedly, blockchain as a technology is here to stay. In fact we can compare the recent blockchain progress-development and adoption-to the early phases of internet. That’s in the 90s and we are right. Look, satoshis came up with blockchain and Bitcoin after the devastating effects of the GFC. Bitcoin is roughly nine years old but it is causing waves and disrupting existing financial frame works.

Seeing what is happening: calls for regulations, flat-out lies from industry influencers, efficacy brought about by the network and the general realization that Bitcoin is here to stay is what gives bulls hope as bears ravage price. Recently, several jurisdictions as South Korea gave cryptocurrency a breather following their well research announcement that cryptocurrencies after all pose no threat to the economy.

The depreciation was rapid yesterday with BTC losing more than $500 by day close. With that we can now see that sellers are snapping back in trend after completing that nice double bar bearish reversal pattern at around $6,800 and cancelling our bullish proposal-a fake break out. Considering these events and the realization that BTC is down four percent, my suggestion is to short on every high with targets at $6,000 and later $3,000 as laid out before.

EOS Technical Analysis

As we delve deeper into the drama around EOS, we realize that there are many big blind spots that need to be addressed. First, we can talk about the negative effect of RAM and how it is becoming difficult for developers to launch their dApps on the network. It’s not their fault, as RAM is a vital but speculative resource, prices are through the roof some BPs take this chance to hoard them for their benefit.

To even quantify, more than 82 percent of RAM has been reserved while we cannot pinpoint more than ten dApps that are making use of the network. Secondly, Block One “owns” the protocol-literally since they have more than 100 million tokens under them which they can use to vote whenever they feel like. Block One recently announced their intention further causing uproar in the community with many insisting that Block One has no business dappling with voting and centralizing governance.

Back to price and it’s the same story as before. The slide continues and thus far, EOS is down 10 percent for straight double digit depreciations in the last two days. What’s more? EOS is now testing the main support line at $7 and as before, we need them to close below that level to trigger conservative traders sell. Because of the way prices are panning out, my suggestion is to sell at current prices with stops at July 10 highs at $8. As laid out before, sell targets would be at $4.

Litecoin (LTC) Technical Analysis

The partnership deal with WEG Bank AG is strategic to say the least-and this is positive from a neutral’s perspective. Now, here’s the deal. WEG Bank AG is not a bank per say but is a financial entity that specializes in real estate loans and there are perhaps thousands of this in Germany.

Litecoin Foundation now owns 9.9 percent of the shares after TokenPay transferred it to them. However, TokenPay is waiting for BaFin approval before acquiring 70 percent more of the bank.

As sellers sweep altcoins aside, Litecoin couldn’t be spared either. Despite the depreciation being slow, it’s still down one percent in the last 24 hours. Our strategy is simple, sell and sync with the trend with targets at $50. If not and you desire confirmations then wait for breaks below $70 and sell on pull backs with stops at $80 and targets at $40. Any break above $90 cancels this sell stance.

Stellar Lumens (XLM) Technical Analysis

As usual, Stellar Lumens is slow on news but surprisingly, it’s still perched at position eight in the liquidity list. So, it’s not hard to see that there is value behind this platform that’s why it has been big valuation. At the charts, XLM is down six percent and towing with the trend.

Because of this, our trade plan is easy: sell and trade with the momentum. Ideally, sell targets will be at 8 cents and in this case my suggestion is to liquidate at current spot rates with stops at July 2 highs at 22 cents. Any rapid gains above 22 cents invalidate this projection.

Tron (TRX) Technical Analysis

Binance now allows TRX supporters to withdraw and deposit coins after two weeks hiatus following a maintenance glitch and security measures. That’s a big plus because Binance was one of those key exchanges supporting TRX migration to their new mainnet. As such, coin holders can now vote for their favorite SRs in an election that’s on going.

In the charts, sellers are in charge and trading below 4 cents, our previous support now resistance. Because of this, my suggestion is to short with stops at 3.8 or July 10 highs with targets at 2.5 cents. On the flip side, should we have buyers back then any move above 3.8 cents and 4 cents would render our trade plan null.

Author: Dalmas N

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Crypto Price Analysis (ETC, mIOTA, NEO, DASH, ADA): July 10, 2018

After what appeared to be a revival, crypto prices are relapsing. Ethereum Classic for example is edging close towards pre-CoinBase announcement lows after that fake bull break out triggering our buys by end of last week. On the same frame, NEO and DASH are trading within a bear break out pattern meaning there could be further losses today and days ahead.

Let’s have a look at the charts:

Ethereum Classic (ETC) Technical Analysis

One month after CoinBase announcement that they will be listing ETC in months to come, ETC prices have been slow. Yes, there have been some appreciation but it has been haphazard to say the least. While we understand that the access Americans would have to ETC would increase liquidity and trading volumes boosting prices, we must not be heads over heels on matters CoinBase support.

Question is, is everything “priced-in” just like they did to Bitcoin Cash? Remember, after their core hard fork, CoinBase said they shall begin full BCH access, trading wise on Jan 1, 2018? Well, they didn’t and instead dictated the time when trading starts availing BCH in mid Dec 2017 for their clientele. Let’s see what they will do to ETC going forward. Will CoinBase time be the best time?

Price wise ETC is down eight percent in the last 24 hours. It means our buy triggers at $18 were activated but it’s turning out that this might be a fake break out since our stop loss is going to be hit going by the rate of depreciation. So, in this case, my suggestion is to fade the market with stops at $18 and targets at $13 and later $12-our main support line and April-June lows.

IOTA Technical Analysis

For some reason, the whole IOTA Network was down on July 6 as network researchers observed. After some analysis of the cause, it was found that the main Tangle chain couldn’t regularly confirm transactions because of an anomaly called Stitching. It’s often a complicated thing to do and what this does is that many side tangles are “attached” to the main tangle making it impossible for regular nodes to choose tips. This is akin to spamming the network which in turn overloads IRI nodes (or IOTA’s reference node). Such attacks effectively reduces throughput in the network and is an ante for IOTA’s objective of infinite scalability.

Such attack vectors is not good for the network and we saw what happened on that day. Prices tumbled and it continues to meaning that sellers can actually take advantage of this depreciation.

From previous analysis, we were net bullish but it seems like our stops at $1 were hit meaning we should revert to neutral position. However, with the wave of selling, aggressive traders can sync with sellers and short on every high and aim for 70 cents. Otherwise, risk-on traders can stay on the side-line as neutrals until after we see movements either below 90 cents or up-thrusts above July 2 highs.

DASH Technical Analysis

Until we have a network that can scale and process transactions faster than centralized networks as PayPal, these corporate will always rule. DASH tries to change this narrative and not only have we seen results when it comes to transaction processing-which by the way is done under one second or less- DASH have one of the largest peer to peer network with over 4,100 master nodes. This distribution and global decentralization brings with it scalability and security. Fact is the legalization of pot in many US states opens doors for DASH to be a choice for merchants all thanks to their innovative and easy to use APIs in place.

In the charts though, DASH sellers are in charge. As it appears, DASH is now trading within a bear break out pattern with retests completed at $270 following buyers’ failure to close above resistance. So, as it stands my recommendation is to sell at current prices with stops at $265 or July 2 highs. Targets would be at $160, a key support line.

Cardano (ADA) Technical Analysis

Blockchain smart contract dApps platform continue to saturate the market but of the many Cardano stands out. The network was built from a simple peer reviewed philosophy and its innovativeness means several monetary dApps for government or financial information use can run on Cardano.

Price wise though, there is nothing much and in fact at the time of press, ADA sellers are pushing harder. ADA is down seven percent but is still perched at eight place but we anticipate more losses. As before, our main support line is at 12 cents. This level would either make or break ADA because should we see a bounce back to July 2 highs then we shall buy the recovery as before. However, any strong break below 12 cents would be treated as a sell break out and my recommendation would be to sell with targets at 7 cents.

NEO Technical Analysis

A Chinese Billionaire, Li Xiaolai, was caught on tape “tearing” into NEO and Tron. He was brave and even called Justin Sun “a scam artist”, Binance “a fraud exchange” and NEO “a worthless and a stupid project” saying people should follow Wang Lijie, an Angel Investor of NEO, and liquidate their coin holdings. Whether this is true or not, comments as such more so coming from an influential crypto figure head should be take seriously.

Like DASH, NEO is trading within a bear break out pattern and we can see how NEO rejected higher highs after hitting $40, a previous support now resistance. Technically, these lower lows are the early stages of the trend continuation phase and my suggestion is to short at current prices with stops at $40 and bear targets at $25 and later $15.

Author: Dalmas N

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Crypto Price Analysis (ETH, BCH, EOS, XMR): July 9, 2018

Most coins under our radar are on a recovery path as they sync with BTC price action. For our previous buys to hold true then we must see gains above key resistance lines and that’s exactly what is panning out in Ethereum (ETH) and EOS. EOS-RAM price relation puts EOS bulls at a tight position and so far they are trending below $9, a buy trigger and immediate resistance line.

Let’s have a look at the charts:

Ethereum (ETH) Technical Analysis

Interesting times in the crypto space as far as banks and exchanges are concerned. Now, as a fun fact, do you know that it is emerging that regulated banks in South Korea could after all hold more cryptocurrencies than the country’s largest crypto exchange by trading volume, BitHumb? Well, since the latter is publicly listed, holdings and other related data are readily available and by Dec 2017, they had around $8 billion in cryptos.

Now, considering the recent slide, that valuation may have taken a hit with analysts estimating them at around $1 billion. In comparison, banks have a whopping $2 billion. Now, as they plan to make in-roads by providing better services as virtual Bitcoin vaults, their holdings may increase going forward. This is interesting and may subtly show how banks interested with crypto assets changing the existing narrative that they are too volatile for investment and are a “fallacy”.

Overly, we remain upbeat about Ethereum and its future potential. On the price charts though, we are net neutral despite weekend’s events. Notice that we also have an evening star bear reversal formation in a generally bearish trend but happening inside a mini-ETH revival. What we need, as laid out before are gains above $500, our immediate resistance line and buy trigger to activate our longs. If not, and sellers push below $430, we shall take shorts and sync with bears with targets at $350.

Ripple (XRP) Technical Analysis

Think about it: The Society for Worldwide Interbank Financial Telecommunication or SWIFT has been around since 1973. That’s 45 years of service and many think it’s time they give way to emerging technologies despite bank’s position. Ripple technologies: xRapid, xCurrent and their innovative XRP are timely solutions addressing emerging demand from customers. That of speed and xRapid integration surely solves this.

With XRP as a liquidity tool, there won’t be latency and regardless of location, settlement takes just 3 seconds or less with negligible fees. That’s not all, it has been proven that institutions using Ripple shall save on costs unlike those using SWIFT. SWIFT charges exorbitant fees and takes at-least two days to settle.

Safe the good vibes around XRP, we must acknowledge that is has been in consolidation for the better part of the year. So, as it stands, our main support is 45 cents which doubles up as April lows.

Technically, XRP prices are bearish and for sells to be live, prices must break below 45 cents. Thereafter, we shall trade with the trend selling on every pull back with targets at 15 cents and stops at 50 cents. On the flip side, for buyers to be in charge then we must see a break above 55 cents and consolidation in line with our previous trend. From there, we shall buy on dips with targets at 70 cents and later $1.

Bitcoin Cash (BCH) Technical Analysis

Edward Snowden leaks allowed us to take a snapshot of how deep government surveillance is. It was a good thing because after the after math increased calls for privacy and that’s what Bob Wallet is trying to do. It’s obvious that companies like Chainalysis often monitor public blockchain and they work with different government bodies. Bob Wallet will make their work hard by obfuscating movement of funds from BTC and BCH blockchains to their wallets. At its core, it wants to make private transactions private and it’s a good thing because initially blockchain was meant to be anonymous.

Like XRP and ETH, BCH is in range mode even though there was that rebound off $600 or April lows. In our analysis, we shall remain neutral even though we had that jut on July 7. For assurance, prices should edge above $850, triggering our buys and perhaps jump starting a recovery. In the meantime, let’s wait on the sidelines because should there be sells below $630 and $600, we might see sellers testing $300.

EOS Technical Analysis

Security and voting were some of the challenges users faced once the EOSIO blockchain went live. While we understand their dPoS consensus algorithm couldn’t function well without continuous voting, there was not initiatives by block producers to develop easy voting tools until now. Yes, we had greymass during EOS coin staking but with CypherGlass initiative, Lens, will allow voters to easy choose their preferred block producers ensuring continuity and responsibility within the network. This voting tool is easy to use, intuitive and secure for your private keys.

First, EOS is in a down trend and secondly, any appreciation of EOS coin will be detrimental for RAM prices. There is a direct correlation between the two and that’s important. So, considering the politics, it’s likely that EOS prices may slide to tame rocketing RAM prices. We are already seeing that. Notice that in the last six days or so, prices have been in consolidation, failing to break above $9, a minor but important resistance line. As we have said before, any break and close above $9 shall trigger our buys meaning we shall go ahead and buy on dips with targets at $15. On the flip side, EOS sellers should be in charge once they collapse below $8 or July 2 lows. That means, our sell targets would be $4 with stops at $9.5.

Monero (XMR) Technical Analysis

From our previous XMR analysis, our buys are still true thanks to the consolidation happening within July 2 high lows. Even though my ideal buy recommendation would come to pass once prices surge above $150, my suggestion considering current price action is to remain neutral until we see convincing moves negating our buy projection or complementing it with gains above $150 accompanied by strong volumes.

Author: Dalmas N

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Crypto Price Analysis (BTC, EOS, XRP, XLM, DASH): July 6, 2018

Encouragingly, most coins including Bitcoin, Stellar Lumens and EOS are likely to close as bulls at the end of the week. That would not only mean completion of key reversal pattern but would signal a bottoming market due to last week’s pin bar confirmation. As such, my stand on most coins even Bitcoin is to wait for clearance and that happens only when key resistance lines have been broken.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

According to the Chinese CCID, Bitcoin is on a free fall, just like its price. It was listed as the thirteenth most desirable coin in the world with Ethereum and EOS covering the top spots when it comes to applicability, technology and creativity but is now at nineteenth. From a neutral stand point, this doesn’t make sense because if it wasn’t a creative and a useless public blockchain then it surely won’t be in the top spot. There is good news though. It is now emerging that the CCID is not after all a ratings company but simple a technical assessment index. Elaborating this, the Dr. Songtau Pu said their model assess the blockchain while there is a dedicated team that tabulates their respective data.

On to the charts and Bitcoin prices are stable oscillating within a tight trade range. In fact, in the last day alone, it is down two percent but still within July 2 bullish candlestick and below our main trigger line at $6,800. According to our previous trade plans, we shall remain neutral until after buyers push above $6,800 or even $7,000, recovering June 22 losses before we recommend buying on dips on lower time frames. At the same time, should bears decide to continue with their run breaking below $6,000, then we shall trade with it and aim for $3,000 with stops at $6,500.

EOS Technical Analysis

Depending on where you stand, your opinions stand. It doesn’t matter if you think Dan built a master piece or another centralized data base. Everyone has their own interpretation of stuff but what we do know is that there are a lot more going on at EOS than at any other public blockchain out there.

Many even think EOS is layer 3.0 of the internet now that we shall have projects and dApps launching on it in the coming days. Stemmit 2.0, a decentralized social network stands out and so several DEXs. The question is: Will EOSIO come to age and handle these? Remember, they are intensive and most likely going to clog the network. So, will EOSIO scale as they say they will on paper? Let’s wait and see.

Like most coins, the trend is bearish and really, buying the dips is akin to catching a falling knife especially in a trend that’s so easy to see. It’s what we are doing right now and it’s risky. On the flip side, the rewards might be worth the try more so if EOS buyers weather through the RAM politics and help push EOS above $9, our buy trigger. Before then, we stay neutral know that any depreciation below June lows and $7 would likely lead to bears testing $4.

Stellar Lumens (XLM) Technical Analysis

What catches my attention is July 2 candlestick confirming that double bar bullish reversal pattern we saw on June 29-30. Here, we notice that the past three candlesticks have been moving horizontally but still within July 2 bullish candlestick. This is a classic effort vs result scenario panning out and it’s a go for buyers.

However, despite the predisposition, we would like to see higher highs printing first above 23 cents or the past three days highs confirming trend continuation. When that happens, we recommend loading longs with stops at 17 cents and bull targets at 50 cents. On the reverse side, any collapse below June 29 lows means sellers are in charge and we shall sell the bear break out on every pull back in lower time frames.

DASH Technical Analysis

Technically, we are trading a bear break out on the daily chart of DASH. For clarity, June 10 bear candlestick breaking below $270 at the back of strong bear volumes is important for our analysis. After this break below, DASH prices continued with their slides and despite efforts by buyers, prices didn’t break above $270 but instead oscillated within a range and slipped to current levels.

In line with these developments, buyers would only be in charge if they push above $270, previous support now resistance and that’s why it’s our official buy trigger. If not and there is rejection at that level, then we shall short in lower time frames and trade the second wave of sell pressure-the trend continuation. So, because of this, I recommend staying neutral for the time being of course until after our trade conditions are met.

Ripple (XRP) Technical Analysis

Of late, Ripple the company have been on the receiving end of comedians keen of getting cheap air time. Allegedly, they have been dishing out money from the east to west coast of America as they try to raise awareness that XRP is more than just a speculative item. It can actually be used for the benefit of adopting companies.

Yes, it’s understandable that XRP is their liquidity tool as Brad puts it, but the real deal is if Banks and even companies would use it for cross border transaction. But, the fact that it’s not compulsory for companies to use it for remittance purposes makes it hard for Ripple who instead goes to long lengths pushing for adoption.

Back to price and XRP prices are trading at the edge. In line with our previous trade plans, buyers should first confirm that bullish engulfing candlestick of July 2 and add more. Ideally, our buy triggers stand at 50 cents and should there be gains above that then we recommend buying on dips on lower time frames with targets at 70 cents. Before then, we suggest staying neutral because any push below 45 cents cancels this bullish price forecast. In that case, sellers should aim for 15 cents as they unload XRP on retests.

Author: Dalmas N

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Crypto Price Analysis (ETH, ETC, XMR, ADA, TRX): July 5, 2018

Pirates Bay Have their Monero Miner Scripts Back and Surprisingly Nobody is Complaining

Regardless of alt coin stagnation-as we are seeing in Monero and Ethereum Classic, we still hold a positive picture expecting prices to edge higher. Remember, this has been our projection for the better part of the week. Now, what’s needed for buyers to be truly in charge is for prices to edge above key resistance lines in our technical charts.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

There are arguments that Africa and some Asia countries are lagging behind technologically. It may be true but there is a changing wave. All thanks to Cardano Foundation and Input Output Hong Kong (IOHK) for their undying efforts, this narrative won’t hold no more.

Already, they are working with the Ethiopian Government and acknowledging that while they didn’t come with immediate solutions, there is a commitment on their part to find various. Charles Hoskinson did sign an MoU with the country’s Ministry of Science and Technology and in the days to come, 30 female Junior developers will be trained on how to use Cardano’s solution to track their highly sought after coffee. Similar efforts have been seen in Vietnam, Hong Kong and lately, Indonesia where Emurgo is leading the charge and providing effective solutions for leading enterprises.

Obviously, the past few days higher highs within a largely ranging ADA’s price action is a relief for coin holders. Of course, we would like to see more gains going forward but first we must realize that the way this week’s candlestick close would determine the coming week’s trajectory. In my view, my suggestion is to buy on pull backs in lower time frames with tight stops at July 2 lows at 13 cents. Of course, moving them to 12 cents would be safer but considering risk-reward is also important. ADA bull targets should be at 20 cents and later 40 cents if there is a strong recovery.

Ethereum (ETH) Technical Analysis

Capacity. That world should be underlined for those thinking of launching dApps on blockchain platforms, more so on Ethereum. It’s a challenge really because at peak, Ethereum can barely process six transaction per second without gas fees spiking. There have been demonstration of this before and after Cryptokitties saga, users thought such scenarios won’t happen again. They were in for a surprise because FCoin, a Chinese exchange-which plans on surpassing Binance, did something controversial as a way of vetting potential candidates. Candidates who wanted to list on the exchange were required to air drop their tokens to FCoin users who in turn would vote on which coin should be listed depending on the proceeds they got. This alone caused gas prices to spike to 5682 surpassing previous highs of 3696.

Back to price and ETH is on a recovery path. In line with our trade plan, prices are inching higher and rejecting lower lows as visible on the last three days or so. Notice that even though there was a mix reaction as prices stalled on July 3 and 4, buyers are still in charge and aligning itself to July 2 trend direction. My recommendation is to wait for up-thrusts past $500 resistance line before buying on dips with stops at $450 and targets at $850.

Ethereum Classic (ETC) Technical Analysis

In Korea just like the rest of the world, the government takes privacy laws seriously. It’s in this vein that in 2017, South Korea introduced the Personal Information Protection Act which regulators including Korea Internet & Security Agency and Korea Communications Commission plans to implement.

Already, several cryptocurrency exchanges were served with corrective orders to improve on how they handle the exchange’s user personal data. This is timely because we have seen how firms can abuse data selling them to third parties in the name of KYC and AML adherence. What these investigative firms wants to find are weakness on these exchanges more so on how they administratively protect data, allow access to data and importantly, protection of these data against weakness.

On to the charts and we have these nice higher highs meaning buy momentum is picking up. What’s important though is how prices react at $18, a key resistance line and June highs. As mentioned before, for activation of buy prices, ETC buyers should break off from this consolidation accompanied by high volumes with stops at $15. Over all targets stand at $25 and later $40.

Tron (TRX) Technical Analysis

There are a lot of encouraging developments going on at Tron. Mainnet launch was a success and the seamlessness did outperform that of EOS which continues to be marred by controversy. Let’s we forget, the dPoS consensus algorithm that Tron applies has some weakness too. The 27 Super Representatives mean there is a layer of centralization which could cause problems in case they decide on some unorthodox things at the expense of the user.

In the chart, we are net bullish not because of TRX price action which is by the way stalling but due to the general positive sentiment in the sphere. First, our buy triggers are ideally at 5.5 cents but at current prices, July 2 candlestick and TRX rejection of lower lows means buy pressure is high. Like before and depending on your risk, I recommend buying at current price with stops at 3.3 cents. However, for confirmations, buying above 5.5 cents and resistance line is ideal for risk-on traders.

Monero (XMR) Technical Analysis

Free things are usually expensive. Every time you visit Pirate Bay to download stuff, your CPU will most likely blow because the site has implemented a Monero miner script to run on the background every time their site is opened on the browser. As usual, this is attracting critics but browsing through their official forum nobody is really complaining. Who would, downloading content is illegal and that’s the price users pay.

Price wise, our buy projection is still valid but for us to begin buying on dips, we need Monero buyers to push above our buy triggers at $150. Before then, it’s better to wait on the sidelines now that XMR prices are literally stagnant and moving within $10 in the past two days.

Author: Dalmas N

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Crypto Price Analysis (BTC, EOS, LTC, XLM, TRX): July 4, 2018

BitMain Who “Owns” Bitcoin – Now a EOS Block Producer

There are bits of bull pressure deterrence but still most coin prices are stable. Leading the pack is Bitcoin (BTC), maintaining prices above $6,000 and Tron which despite delays of exchanges is holding on at around 4 cents. In both cases, prices are down in the last day or so and as long as they trade above key support lines, our bull price projection is valid.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

Well, it’s a convenience for many when a high volumes cryptocurrency trading exchange as Binance halts operations. It’s a bother especially for those who want to withdraw fiat from them but for the sake of the exchange’s security and routine maintenance, Binance did suspended trading activities.

It raises eyebrows though and hawk eyed crypto police did notice a range of abnormal activities shortly before the exchange said they were suspending trading. A cool 7,000 BTC were moved out of Binance while there were claims that the SYS blockchain has experienced a protocol level attack and hackers allegedly withdrawing 1 billion SYS coins exceeding the total supply of that blockchain. Syscoin total supply is 888 million and how hackers mined 1 billion coins in a single block screams the blockchain was compromised. And it wasn’t a 51 percent attack.

Encouragingly though, BTC prices are trading above $6,000 for the third day in arrow despite these events. That’s important and this means our initial trade plan is still valid for those who entered long after July 2. Technically and for risk-on traders, buy triggers at $6,800 are yet to be hit and before then, it’s a matter of waiting to see if buyers would add on to their longs.

EOS Technical Analysis

A 51 percent attack strikes fear to any investor who has a portion of PoW coin. Bitcoin and ETH are some coins who uses the PoW consensus algorithm. While PoW is secure and is Sybil resistant, BitMain is said to control more than 45 percent of the BTC network hash-rate and are now making inroads at EOS. By receiving enough votes from EOS coin owners, BitMain will be one of the 21 Block producers or super-nodes tasked with validating and securing the network. This new development is worrisome because at the moment, BitMain would now have reasonable control of 30 percent of the top 10 high liquid coins in the world including Bitcoin Cash whose hash rates they have arm twisted.

EOS is up 15 percent in the last week. Despite this, it’s finding strong resistance at $9, a level which buyers must close above to validate our buys. Ideally, this minor break out and July 2-3 confirmation should happen with high volumes meaning buyers can from there begin buying on dips in lower time frames. Before then, conservatives should be on the sidelines waiting for our trading conditions to be met though aggressive traders can begin loading up at current prices with stops at $7.

Litecoin (LTC) Technical Analysis

CoinBase breathes life to Litecoin and a host of other coins available for purchase at their platform. Coincidentally, most of those coins have endorsement from the SEC and are technically utilities meaning the SEC has no power to oversee them. This is positive and with the recent CoinBase Custody service, institutional players might be open to cryptos once more helping channels billions into Litecoin knowing that there is some sort of a safety net or a fall back plan in place.

As it stands, LTC is basically moving with a $5 trade range and squarely within July 2 high lows. This is typical technical formation following periods of rapid expansions meaning the revival of LTC is still valid. However, like before, what we want to see is the activation of our buys at $90. Once we see up-thrusts above that buy-trigger, LTC bulls would be technically in charge as laid out in our previous trade plans.

Stellar Lumens (XLM) Technical Analysis

Regardless of this resistance for further gains, the general crypto sentiment is still positive. It’s easy to see why. Stellar Lumens is still 12 percent up in the last week but is down seven percent after printing above 20 cents, our buy trigger line. Because of our trade conditions, we recommend buying on dips with stops at 15 cents of there about. If not and assuming Stellar Lumens (XLM) sellers press higher and break below 15 cents, then this trade plan would be invalidated and we shall begin selling with bear targets at 8 cents as set before.

Tron (TRX) Technical Analysis

As we have come to realize, with solid data backing this assertion, is that mainnet launches are not as easy as pitched. Recent launches at EOS and Tron have gone on to show the entrenched complication around such activities. Of the more than 30 exchanges supporting the TRX coin, only six are live with the noteworthy exception of Binance restricting TRX withdrawal. Luckily though, there are no security flaws reported and Super Representative election is ongoing as initially planned. Tron has also locked up 33.25 billion across 1,000 different addresses within their mainnet and they plan on releasing a search tool for transparency purposes.

Back to price and TRX is trading within a tight trade range capped by July 2 high low. While our long trades are live courtesy of that bullish engulfing candlestick propelling prices from June lows, odds are we are likely to see further gains in coming days. Therefore, in line with our trade plan, my suggestion is to look for buying opportunities in lower time frames with stops at 3.3 cents or June 29 lows. Targets are 5 cents and later 8.5 cents or May highs.

Author: Dalmas N

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Crypto Price Analysis (ADA, ETC, NEO, mIOTA, DASH): July 3, 2018

“No, Don’t Ban Cryptocurrencies. EU Monetary Regulators Advised”

There is a recovery in the crypto markets and coins as Cardano, IOTA and NEO are leading the way. Others as Ethereum Classic are striding yes but are yet to hit recent resistance lines and trigger solid buys. Overly though, we remain bullish and as long as our technical analysis trade conditions are met, we should prepare to buy on dips whenever proper signals print.

Let’s have a look at these charts:

Cardano (ADA) Technical Analysis

Without a shadow of doubt, Cardano’s Co-Founder, Charles Hoskinson who also doubles up as a head of Ethereum Classic development is technically gifted. It’s because of his expertise that he got an invite to Google where he and the Director of Engineering at IOHK had a chance to introduce to Google employees the technical nitty gritties of Cardano, their general ambition and the future of blockchain where Cardano’s peer reviewed smart contract and dApp platform is king. Charles believes that the advent of crypto would melt the walls between “different tokens representing value” and allows for fluidity and inter-changeability for measures of wealth.

When Cardano met with Google they were asked how Cardano can overcome Ethereum’s first-mover advantage…Hoskinson explained why he believes Ethereum doesn’t have much of a head start. https://t.co/1HukOglqz1

— Adameski (@theeHodler) July 2, 2018

Back to price action and it’s a straight buy for ADA. Note that ADA did bounce off strongly from 12 cents according to our previous trade plan and is now up 12 percent and perched strongly at position eight in the liquidity list. As it stands, my recommendation is to buy at current prices and with safe stops at 12 cents. Ideal targets stands at 20 cents and 40 cents.

Ethereum Classic (ETC) Technical Analysis

If there is a stamp approval for cryptocurrencies, then it has to be that of regulatory approval. Approval tags with it approval and that by extension drives adoption ushering in institutional investment. Thailand is towing in with the rest of major economies and they have legitimized Ethereum Classic as a form of payment for entities seeking to raise funds through ICOs. The Thailand SEC also laid down regulation to guide ICOs and requirements for companies.

The Securities and Exchange Commission of Thailand will allow seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple, and stellar. pic.twitter.com/8aabAY0FB6

— KryptoMorphic Wealth Club (@KryptoMorphic) June 16, 2018

At the charts and we are still stuck in a consolidation though with a bullish skew. Here we have two candlesticks-June 12 and 23 that could potential determine trend. However, that subject to break out and should prices edge past $18, we shall trend according to June 12 support candlestick which had strong volumes. In that case, stops would be at $16 but we shall suggest buying on pull backs.

DASH Technical Analysis

There are a lot of user case applications that cements the need of cryptocurrency legalization. DASH and KuvaCash for example are changing lives in Zimbabwe and that’s not it, the expediency and efficiency that DASH and other cross border payment systems present is unrivaled.

Fact is findings presented to the EU’s Economic and Monetary Affairs Committee findings warns them not the “attempt” to ban cryptocurrencies and the reasons are straight forward. First, cryptos are beneficial and secondly, banning won’t do a thing to crypto proliferation.

Back to the charts and DASH is up eight percent and inching closer to $270, a major resistance line and buy trigger. Now, while we have these nice bull candlesticks springing off $200, we need up-thrusts above $270 before we begin buying. That would entail a bullish break out and in that case DASH bulls can begin buying on dips in lower time frames. If all things pans out as planned and DASH appreciate, then reasonable targets stands at $530 or April highs.

NEO Technical Analysis

The influence of the state cannot be overstated. China for example has their own stands when it comes to matter cryptocurrency. They are particularly opposed to ICOs but they entertain local regulators to issue licenses to cryptocurrency business according to the latest report.

Now, in light with what has been happening, NEO, one of the most mature smart economy and ICO issuing blockchain platform in China is set to directly benefit from any China shift of stance. Besides, NEO is maturing technologically and is actually the first blockchain to issue off-chain scaling solution, Trinity State Channel Protocol. This will considerably increase the throughput of NEO blockchain.

@TrinityProtocol $TNC

The start of many great things #Nodes https://t.co/vGV28rprSX#blockchain #node #scalingsolution #statechannel #offchain #dev #developer #crypto #tech #python #neo #tnc $neo $eth $zil $ont $eos $btc

— Nick Trinity (@ndm29trinity) June 27, 2018

Technically, NEO is still trending inside a bearish break out after June 12 break below. These higher highs are normal and happens often following such break out. In real sense, I don’t recommend taking longs until after we see NEO trading above $40. For now, we still retain a bearish outlook until our entry conditions are met.

IOTA (IOT) Technical Analysis

As a pioneer and a project that is gaining ground in the IoT sub-sector, IOTA is strategically position itself as a funnel for tech companies. Many auto makers and banks are leveraging on Tangle and blockless IOTA as they strive to make breakthroughs in their business. Volkswagen, Bosch and DNB ASA are some of the world renowned companies utilizing this infinitely scalable technology meaning IOTA is technically a long term buy-hold digital asset.

Back to price action and IOTA is on an uptrend. It’s up 10 percent in the last day and since we are net buyers, those seeking to load can do so whenever there is a correction on lower time frames. Ideal targets is at $2 with stops at $1.

Author: Dalmas N

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Crypto Price Analysis (ETH, XRP, BCH, EOS, XMR): July 2, 2018

There were hopes of the crypto market bottoming out after weekend’s injection of bull pressure. Then we saw liquid coins registering double digit gains but that seems to be fading out if we refer to current prices. Ethereum, for example, is stable in week over week basis while EOS is up two percent despite the quagmire around BP claims of insider trading of RAM.

Let’s have a look at the charts:

Ethereum (ETH) Technical Analysis

It’s no doubt that Ethereum blockchain was and remains to be a go-to platform for blockchain start-ups seeking for funding. This is all thanks to their generous fund raising models. We can draw examples from successful projects as Tron and EOS.

We now have VeChain, a smart contract platform whose major focus remains on business applications related to quandaries and tracking. They plan on migrating from Ethereum’s ERC-20 standards to their own mainnet by Mid-July.

Details are not in short supply. For example, VeChain will introducing two tokens: VeThor (Thor) which is similar to GAS. VET will be used for utilization and creation of smart contracts and VeChain tokens (VET), a medium of exchange. Before then, let’s see if this will affect the price of ETH in the medium term.

In a deep bear trend, we saw pockets of bull pressure on June 29 and 30. Then, we saw a complete double bar bullish reversal pattern with strong spike in trade volumes rejecting lower lows especially on June 29. Thereafter, there was a nice follow through on June 30 confirming that indeed prices were poised for more gains.

But here’s the caveat. Unless otherwise, this are more like pull backs and for confirmations, we need to see buyers pushing prices above $500 and even June 22 highs at $550. Before then, it’s rather we exit shorts and wait for see how prices would pan out in today. After all, any break below June29 lows at $400 would signal trend continuation and we shall recommend selling.

Ripple (XRP) Technical Analysis

We already know that Ripple seeks to provide a fast alternative for banks to transact on and save up-to 70 percent of their initial costs. It’s a perfect solution for forward thinking institutions but even at the peak of it, Ripple are said to be a security and centralized.

That’s why, despite FinCEN regulations, the SEC didn’t give it a “you are a utility” stamp. Now, to decentralize, they have added four more validator nodes to their UNL. This means these four third party validator nodes can vote on amendment since Ripple’s own validators stands at less than 80 percent as Ripple implements their Phase II of their decentralization strategy. 13 more Third party validators and we shall have a completely decentralized Ripple ecosystem as Brad Garlinghouse always asserts.

Though optimists think there is a reversal, XRP prices are relatively stable and down two percent in the last 24 hours. Yes, we have this nice rejection of lower lows right at the main support line at 45 cents. It also doubles up as April lows and most importantly 2018 lows. 45 cents is an inflection point in our analysis and here, any depreciation below June 29 would likely usher in sellers who might then push prices to 15 cents, our previous sell target. In any case, we remain bearish until after June 22 losses are reversed as bulls print above 55 cents.

Bitcoin Cash (BCH) Technical Analysis

Speed, low fees and expediency, those are what Bitcoin Cash seeks to represents. It’s no doubt they have been agitating for that since inception as they stretch for new system implementations. They have since forked increasing block size from 8 MB to 32 MB. What now remains is for BCH to move forward and be a medium of exchange.

To do this, the community has been discussing what they refer to as Zero Confirmation Transactions for merchants. These transactions are not registered on the network and as such, they are convenient for both participants as settlement is fast. However, while the approach is novel on its own, it is risky and could basically allow double spends.

Like BTC, BCH prices are trading at this year’s lows. They are at a precipice and fortunately, we saw some form of recovery over the weekend. Now, that doesn’t mean we automatically buy and chase the market because first and foremost, BCH are in a down trend. Instead what we should do is still hold on bearish preview until when bulls race above June 22 highs at $850.

Remember, June 22 candlestick is important as it set going the general trend of BCH and reversals of those losses shows the intention and strength of buyers. On the reverse side, our sells are still intact and should prices break below $600 as mentioned before, it’s going to be a long way down to $350.

EOS Technical Analysis

At EOS, nothing is as important as RAM. As it stands, there are 64 GB worth of RAM, a finite commodity that is needed for DApps and smart contract execution on the network. There have been allegations that Block Producers know how worthy RAM is and since they basically control supply, they are hoarding and speculating on it causing RAM prices to soar. This of course has been labeled as “insider trading” and counter-intuitive to what EOS was meant to be.

There are two key anchor point and price reference in our analysis. EOS prices on mid-March at around $4 and April peaks at $21 or so. Notice that since this race, sellers have been relentless in there drive and while we acknowledge that temporary EOS support at $7, we need to see stronger moves if indeed buyers are back as many say. For that to happen, we must see an up-thrust above $9 with strong volume spikes like those on June 29.

Monero (XMR) Technical Analysis

In our last analysis, we were net bullish Monero and we continue hold the same view. Note that while everything is panning out as planned more so after the weekend, XMR prices are relatively stable. If you did miss that call, you can begin loading up longs with stops at $100 or June 22 lows. Otherwise, should you want confirmations then wait until our buy trigger at $135 is hit. From there you can buy with targets at $300. That’s April highs.

Author: Dalmas N

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Crypto Price Analysis (BTC, XRP, EOS, XLM, DASH): June 29, 2018

Lots of fundamental events are supportive of cryptocurrencies on paper. However, when we break down these technical alignments, it looks likely that Bitcoin would simply take down altcoins with it. For the second time this year, Bitcoin is trading below the main support line at $6,000 meaning selling on pull backs should be the order of the day.

Let’s have a look at the charts:

Bitcoin (BTC) Technical Analysis

Yukio Noguchi is a Japanese economist who has some bad news for Bitcoin bulls. In his preview, he has strong reasons to believe that BTC prices won’t surge any time soon. This is all thanks to the irrefutable evidence following the introduction of Bitcoin Futures late last year.

While making a reference to a research paper that went live on May 7 at the Federal Reserve Bank of San Francisco official site, there are strong pointers that links the rapid decline of Bitcoin prices with the listings of Bitcoin Futures at the Chicago Mercantile Exchange (CME). Shortly after listing, we began seeing prices peaking and dropping early this year. This according to the paper is typical of traders’ behavior and consistent to how asset prices react when Futures trading are introduced. Many thought it was a nice thing but data shows that it did allow short selling which further precipitates BTC price dump.

A single glance at the charts and BTC prices are on a decline as Yukio projects. In the last 24 hours alone, it’s down four percent and trading convincingly below the $6,000 sell trigger line. What this means is that we can begin activating sells on every pull back in lower time frames with stops above June 28 highs at around $6,400. In that case, sell targets lie at $4,500 and $3,000 in line with our previous trade plans.

Ripple (XRP) Technical Analysis

Thanks to BitHumb cooperation with authorities, the extent of the damage caused by the hack is down $13 million to $17 million. That’s according to an official statement from the exchange. In an effort to curb stolen coin liquidation, the exchange received extensive support from other exchanges and foundations across the world preventing hackers from transacting. This plus their initial response of moving funds from their hot wallets saved the day because it is now emerging that only 5.23 million XRPs are missing. BitHumb takes full responsibility and there is a compensation plan complete with pro-rated interest rates for victims of the hack though they ought to make an application first.

Like BTC and most coins under our review, XRP is on a slide losing four percent in the last 24 hours alone. By doing that, it is down below the main sell trigger line at 45 cents meaning our sell trades are live. Because of this, I recommend selling with the trend with a long term target of 15 cents and stops at 45 cents.

EOS Technical Analysis

It’s no doubt that EOS is a unique blockchain and the first that tries to fuse a mix of DRY code and human elements through governance. It’s also the first blockchain that allows users to recover their coins-at least in the meantime-through arbitration. Now, contrary to expectation, the ECAF-which is EOS arbitration arm has been under heavy criticism for the way it handles these cases.

On his part, Dan Larimer says this is “costing the reputation of the network”. He may be right and to explain his reasons, he published a blogpost, Intention of Code, highlighting why arbitration is timely only when handling important stuff in the magnitude of DAO hacks for example. That’s the reason why Block One and Dan are proposing to amend the constitution and likely clip the “haphazard” powers of ECAF in the process.

In the daily chart, EOS prices are literally in a consolidation as they test the main support at $7. The thing is, our buys which we suggested a while back still holds. That’s as long as sellers don’t push prices below $7, our stops and short term sell trigger line. Now, considering how our trade plan is panning out, my recommendation for those who are yet to trade is to wait until there is a break out below $7 or a surge above $9. If the former did happen-EOS is in a down trend-then sell with targets at $4. However, should there be buys, buy on dips with targets at $15.

Stellar Lumens (XLM) Technical Analysis

Not only is Stellar a payment solution for those wishing to send money across the border but it is also a platform where blockchain based startups can launch their initial coin offerings (ICOs) at. It’s exactly what Chynge, a company aiming to create a private cross-border payment solution that is compliant to multi-jurisdictional regulations. After doing their due diligence, they settled on using the Stellar Protocol for obvious reasons: Not only is the platform superior in performance but the simple fact that it is optimized for financial products and services places it ahead of competitors. Chynge can take advantage of Stellar’s ability to scale vertically and horizontally as their business gets approval from different countries in the Asia-Pacific region.

Back to price action and these strong sell bars we have been seeing in the last five to seven days are indicative of unrelenting sellers. After all, sellers are in charge and the overall trend is bearish means we can sell on every high in lower time frames.

At current prices, XLM is down six percent in the past day and my suggestion is to sell with stops at 20 cents. Reasonable sell targets would be at 15 cents and 8 cents as we have reiterated before.

DASH Technical Analysis

The fastest way to boost DASH and other crypto adoption is to create channels that enable seamless exchange. ETH, BTC and the rest are successful because there is CoinBase that allows direct bank account purchase. However, the “bank” aspect means time delays and cost. As such, it would be preferable if everything is done on the blockchain.

Now enter Alt Thirty Six, an app that can “auto-convert” DASH to USD and be available for immediate use. DASH also has KuvaCash in Zimbabwe where Ryan Taylor, the CEO says DASH is offering “stable alternative for people residing in hyperinflation economies” even in the midst of wild price fluctuations.

All things constant, June 22 bearish engulfing and break down candlestick is what guides our trade plan. Overly, we remain bearish even though we are seeing nice fundamental developments in Zimbabwe. Because DASH prices are trending below $270 which also doubles up as a resistance line, selling with stops at $270 is reasonable. A nice follow through means targets at $160 is feasible more so if DASH sellers keep up the pace.

Author: Dalmas N

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Crypto Price Analysis (ADA, TRX, ETH, ETC, XMR): June 28, 2018

In an unexpected move, Tron Foundation and Justin Sun supporters can now upgrade to premium and pay using TRX at Pornhub. Of course, this is controversial unlike the widely embraced suggestion by Charles of Cardano that Tron should use Mantis for their TVM. In fact if the rivalry is put aside, technical suggestions as such is wholly beneficial for this growing industry.

Let’s have a look at the charts:

Cardano (ADA) Technical Analysis

The Co-founder of Cardano Charles Hoskinson is a reasonable man and working entirely out of good will. If anything we can say he is more “open” to inter-operability and would want to see “rival” platforms succeed. That’s why he’s in touch with Justin Sun-whose Tron mainnet is now live and prepping for their super node election in the next couple of day. Tron is one of the most liquid coin in the world but they are using what appears to be an “Ethereum Java” fork for their TVM.

This is why Charles suggest they change and use Mantis which is perfect for their dPoS protocol, is audited and above all superior. Mantis is already in use by Ethereum Classic. Justin responded saying they shall take a look at it.

Price wise and while Cardano (ADA) is struggling to keep off sellers, It’s down 22 percent week over week. However, in the last day, prices have been relatively stable. Like before, we remain neutral and this is simply because ADA prices are trending around this year’s lows at 12 cents.

That level is our main sell trigger line and for ADA to extend their losses then we must see prices closing below 12 cents. Otherwise, any attempts by buyers to slow down sellers means we recommend buys once we see prices moving above 17 cents or June 20 highs.

Ethereum (ETH) Technical Analysis

There is only one way for you to gauge the potential of a blockchain project. It’s not their point man neither is it about the amount of air time it receives from the media. When push comes to shove, all you need to look to help determine whether a project is worthy depends on the number of voluntary developers behind it. Ethereum is one such project that has the potential to outlive the hype.

There is Vitalik Buterin, a young but futuristic leader but behind him is a swarm of developers-approaching 50,000 and a tone of commits at GitHub. It’s not hard to see why, like capital gravitating towards high performing assets so do talent move towards interesting projects. Even Steve Wozniak of Apple supports this.

In the past day, ETH prices are a little bit stable. Nothing much has changed and it’s actually up one percent following yesterday’s bullish candlestick. Regardless of this tinge of positivity, the simple fact that prices are on a downtrend means swing traders should be selling on every high in lower time frames.

On the other hand, conservatives should pause their selling and lock in their profits. ETH prices are just $100 away from main support at $350 and since they have a low ADR, it doesn’t make sense to sell before knowing for sure what will happen at 2018 lows. The only time we shall cancel this bearish view is when buyers push prices above the main resistance line at $500.

Ethereum Classic (ETC) Technical Analysis

Anchoring on the ideals of blockchain and boosting all those who wanted founder’s pay to be transparent and transactions immutable, Ethereum Classic is making a comeback like the fabled Phoenix. Shortly after DAO, Ethereum forked leaving ETC to die. Well, it didn’t die and right now, they are releasing a wallet. Those interested can download their Emerald Version 1.0.0 at GitHub as the recovery begins.

Back to price action and safe the sellers, ETC is literally finding support. ETC is moving within a $5 consolidation whose upper limit and buy triggers stand at $18. It also doubles up as the main resistance line capping gains following CoinBase announcement on June 12. Now, since we are bearish, my sell recommendations will only begin once prices dip below $13 or June 12 lows. However, those who did buy on June 12/13 should move their stops to break even and wait. Of course, any move above $18 means they can begin buying on dips in lower time frames.

Monero (XMR) Technical Analysis

H.R. 6069 or the “Fight Illicit Networks and Detect Trafficking Act” is now law after the US House of Representatives unanimously passed it this week. This comes after periods of debate and high profile hearings from a representative of the US Secret Service by the House of Representative’s Financial Services Subcommittee on Terrorism and Illicit Finance.

The US Secret Service and the FBI for example had expressed their concerns about how dark net users are propagating their illicit businesses using anonymity centric cryptocurrencies of which Monero leads. Overly, the FBI takes a neutral stand on cryptocurrencies as Monero but what concerns them is the spike in activity by criminal elements exploiting the benefits of blockchain and absence of regulation.

As it is, Monero buyers seems to have an upper hand and in fact are up two percent in the last 24 hours. And unlike other cryptos under our focus, I recommend buys for aggressive traders at current spot prices with stops at $100 or June 22 lows. Otherwise, conservatives should wait for XMR bulls to push above $150 preferably with high volumes. Afterwards, buying on dips with targets at $300 is ideal.

Tron (TRX) Technical Analysis

It’s a controversial move that’s likely to starve TRX off investors but you can now pay for your premium porn using TRX at Pornhub. As expected, this draws applause and condemnation from critics and supporters coming shortly after their mainnet launch and super representative elections. Anyway, time will tell. In the meantime, TRX prices are trading below the main support line at 4cents.

I recommend shorts with stops at June 22 highs of 4.3 cents and targets at 2.5 cents simply because we can interpret June 22 bearish engulfing candlestick as a bear break below. And then again, it’s in line with our previous trade plan.

Author: Dalmas N

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Crypto Price Analysis (BTC, TRX, XLM, LTC, EOS): June 27, 2018

Regardless of heavy and probably market moving events of various alt coins, Bitcoin valuation continues to anchor price action. We have already seen the coupling effect whenever BTC slides. Anyhow, after periods of assurance from the Tron Foundation and Justin Sun, TRX prices are still struggling in the face of marauding bears. It’s down five percent in the last day and if this depreciation continues and BTC breaks below $6,000, we might as well see TRX prices printing 2.5 cents in the coming days.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

Facebook banning of cryptocurrency and ICO ads early this year came as a shocker to many. At that time ICOs were trending and cryptocurrencies as Bitcoin were trading at record prices. This declaration by Facebook helped damp down prices and we must say, it was a reactive move by the social media giant demonstrating how influential and dominant it is in their space.

Now, Facebook is changing that narrative after updating their “prohibited products and services policy”. Admittedly, their policy was wide and stretched ensuring that they efficiently detected “deceptive and misleading advertising practices” of which all cryptocurrencies regardless of their social proof fell under. So, with their re-evaluation, only pre-approved cryptocurrency advertisers would advertise after submitting an application proving their legitimacy.

At current prices, Bitcoin is trading near this year’s lows at $6,000. From previous trade plans, our analysis anchors around this price level and influence our overall trade strategy. The reasoning is simple: $6,000 is obviously a strong support line that would either make or break BTC. It’s all dependent on if there is a break below or support at this price tag.

If the latter is the case, then we need to see injection of volumes resulting in a bullish engulfing pattern. On the reverse side, should there be a break below, then it’s going to be a long way down to $4,500 or $3,000 on the lower side. Until that happens, we remain neutral.

EOS Technical Analysis

The general governance structure guiding EOS is controversial to say the least. While it’s clear that EOSIO modus operandi prioritizes throughput and network scalability at the expense of blockchain’s objectives of decentralization, the overall fact that EOS whales benefits calls for further scrutiny. It even questions why Block One needs a blockchain in the first place. All things constant, the fact that the fifth largest blockchain in the world needs 21 block producers to validate transactions within the network underpins their current woes and heavy criticism the network is facing. Squeezing things further is an unverified screenshot is doing rounds purporting to show a block producer being dressed down for failing to implement an ECAF account suspension directive.

Price wise, our trade plan remain constant. Like Bitcoin and the rest of the coins, the path of least resistance southward. Now, as long as EOS prices are trading below our immediate resistance at $9, traders should look for shorting opportunities in lower time frames and aim for the main support line at $4. This projection would only be negated should we see appreciation past $9 in the days to come.

Litecoin (LTC) Technical Analysis

Since inception, Litecoin continues to position itself as an alternative to BTC. That’s why it has faster block confirmation and more coins in circulation. All this was by design and solely meant to spur merchant adoption. Over time though and with increasing adoption, network fees are on the rise and while LTC’s isn’t that prohibitive for micro-transactions, exciting development and direct implementation of the Lightning Core sometimes in January was a precursor for better things to come. Abra and atomic swaps capabilities are present. But with LN C-Lightning 0.6 release in beta, we anticipate a more fluid network with cheaper fees, lighter nodes and better privacy thanks to Tor integration.

In the past day, Litecoin is down seven percent and the way technical are aligned, there is more room for bears. Now, as mentioned before, as long as prices are below $90 we shall continue selling with aims at $70 and later $50. It’s going to be a tall order for buyers to reverse this because they must print above $90 to invalidate this trade plan. Before then, selling on pull backs in the 1 and 4HR charts is my recommendation.

Stellar Lumens (XLM) Technical Analysis

Fundamentally, Stellar Lumens is averse with news. Probably driving short to medium term prices are domino effects of the overall crypto verse market sentiment. As the daily chart shows, week over week, XLM is on a slide and prices are struggling to tame sellers.

So far, prices are down seven percent in the last 24 hours and after that spike in sell volumes yesterday, our sell stand is still valid. Now, as long as prices are below 20 cents, selling on every high with targets at 15 cents and 20 cents is an applicable trade plan suiting these developments.

Tron (TRX) Technical Analysis

It is quickly turning out that Pornhub is not that faithful partner as Verge found out one month into their marriage. Justin Sun’s is a marketer and after periods of lip service, Pornhub will now be accepting TRX and Zen Cash. Acknowledging the widespread use of cryptocurrencies and the way they prioritize user privacy, the 30^th largest site in the world found them to be irresistible as they offer that perfect channel for clients seeking to upgrade to premium subscriptions.

We cannot deny the fact that the launch of Tron mainnet launch has been full of fanfare and sky rocketing expectations from supporters. Yes, there were no bugs reported during the testing period but the simple fact that the super representative delay was delayed didn’t bode well with price. TRX is down five percent in the last 24 hours and trading below the main support line at 4 cents. Because of this, my recommendation is to sell with stops at June 26 highs at 4.3 cents and targets at 2.5 cents.

Author: Dalmas N

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Crypto Price Analysis (NEO, mIOTA, ETC, DASH, ADA): June 26, 2018

Bitcoin supporters are taming sellers and because it is stable, so are other altcoins under our radar. Some like IOTA and Cardano (ADA) are buoyed by positive news from Bitpanda are actually up and rejecting prices below 90 cents and 12 cents respectively. Overly, we are technically bearish but for this forecast to be null, buyers should step in and push prices above immediate but key resistance lines.

Let’s have a look at these charts:

NEO Technical Analysis

After a deep assessment by Kucoin staff, they decided to remove several NEO trading pairs including that with (Aphelion) APH, (Litecoin) LTC, (Ontology) ONT and (Red Pulse) RPX all in a bid to increase “user experience”. Well, it’s odd that they have to excise highly liquid and tradable pairs as that with Litecoin (LTC) while purging out others like USDT-which is promising by the way- from their platform.

It might be because recent statistics from Diar indicate that BTC is after all the most dominant cryptocurrency in the crypto verse contributing a whopping 33 percent of trading volumes. Out of 1600 crypto pairs including NEO, their total contribution to the overall coin liquidity is close to 40 percent. What’s even worse is the fact that their valuation depends of BTC valuation since evidence shows that most alt coin prices are pegged to that of BTC high lows.

Perched at thirteenth in the liquidity list, NEO is relatively unchanged in the last 24 hours. While bears are in charge as it has been in the last two months after peaking in April, the fact that NEO is trading below $40 points to more downside. Remember, June 22 bear engulfing candlestick is important in our analysis and because we have seen bear confirmations in the past few days, it’s only logical to trade with the trend.

In that case we can trade two ways:

First, our sell levels is anywhere between $35 and $45 on the upper side assume there is a retest as it happens with break down trades. Stops will be at $50 and bear targets at $25 and later $12 as laid out in the chart.

Secondly, if there is a break below $30, you can sell with stops at $35 and same bear targets. Conversely, any strong push above $50, hitting our stops would cancel out this sell projection.

IOTA (mIOT) Technical Analysis

A couple of weeks back, there was an online seed generator suggested by the IOTA development team and while it remains safe, the arrival or Trinity wallets is changing the narrative. Now, the community us urging those who did generate their seeds at those third party but safe apps to create new ones at Trinity wallet and move their coins there. Whether this is a desperate attempt for FUD or a caution, we are yet to substantiate. What we for sure know is that you can buy IOTA from Bitpanda through 400 Austrian Postal offices while those in India can now trade IOTA at PocketBitsIndia, a crypto exchanging platform in India.

It seems news of such developments is supporting IOTA and at current prices, IOTA is stable and oscillating at main support at 90 cents. IOT is up two percent in the last 24 hours and regardless, we are still bearish on this pair. The best approach is to wait for sellers to push below 90 cents in a break out move before shorting and aiming for 65 cents as laid out in previous trade plans. Stops would be at June 22 highs of $1.2.

Cardano (ADA) Technical Analysis

With the crypto markets bleeding, critics are loud. But there is a ray of hope according to Charles Hoskinson, the co-founder of Ethereum Classic and Founder of open source Cardano.

What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That's tens of trillions of dollars entering the space eventually. Future is bright

— Charles Hoskinson (@IOHK_Charles) June 21, 2018

Through a Tweet, he strongly believes that after the next wave of crypto regulation, Wall Street will be ready to pump in billions of locked up funds. And going by recent moves by Goldman Sachs for example, their plans to set up a cryptocurrency futures desk will likely pump in millions of dollars of institutional funds. Although there were some that didn't quite agree with what he said:

Charles Hoskinson, co-founder of #Cardano, tweeted that Wall Street’s entry into crypto will bring in “tens of trillions of dollars.” Slow down, please. Total US banks assets is less than $17 trillion. Even US GDP is less than $19 trillion. #ADA #crypto #cryptocurrency #bitcoin

— Weiss Ratings (@WeissRatings) June 25, 2018

At 12 cents, ADA is rejecting lower lows right at the main support line. This of course is supportive of Cardano’s overall valuation simply because ADA supporters had to contend with strong bears for the better part of May and June.

Yes, we remain bearish as we align ourselves with the general trend but it’s a wait and see game for now all thanks to that double bar bullish reversal pattern after June 25. For ADA sellers to spearhead the next wave of depreciation, prices should break below 12 cents. However, should we see higher highs printing above 20 cents, this sell projection would be nullified.

DASH Technical Analysis

Because of Bitpanda’s wonderful efforts, you can now buy DASH and a host of other high liquid coins at 400 postal offices across Austria. This will definitely push adoption and boost the overall liquidity of DASH whose data shows that DASH trade volumes now surpass those of BCH and LTC. DASH average fees is $0.026 and is way cheaper than those of LTC at $0.084 but higher than DogeCoin’s at $0.0036.

Price wise and DASH is down one percent in the last 24 hours sliding to fourteenth in the process. Our intermittent sell trigger is at June 24 lows at $215 and any move below that would welcome sellers aiming for $160 as the daily chart shows. On the reverse side, immediate resistance at $270 is also an immediate bull trigger because should DASH buyers step in and push prices above this consolidation then we need to see evidence. That means up-thrusts with strong volumes above $270 cementing bull pressure.

Ethereum Classic (ETC) Technical Analysis

Even though ETC is the sixth most traded coin in crypto exchanges, it’s spot price and market cap isn’t a true reflection of its technology and team. Charles Hoskinson leads influences the development of ETC and before CoinBase announcement, the coin was literally struggling with dumps from DAO hackers and from Ethereum Foundation who had left the coin to die a natural death.

At current prices, I’m neutral on short term swings. The best approach is to trade a break out and while CoinBase listing is positive, we need to see prices breaking above $18. Should bears take the charge, then trading on bear break outs below $13 is the way to go. But before then, let’s watch what market participants has in store.

Author: Dalmas N

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Crypto Price Analysis (ETH, BCH, XRP, XMR, EOS): June 25, 2018

Regardless of shill narratives being peddled in the web, Bitcoin is the main coin. Over the weekend BTC prices were trending below $6,000 for the first time this year and investors were struck. They had everything to worry because should Bitcoin prices tumble, then it would be a contagion with ETH, BCH, Monero and basically all crypto coins sliding with it.

Let’s have a look at the charts:

Ethereum (ETH) Technical Analysis

Undoubtedly, the crypto space is exciting. Maybe it’s because of the double digit gains and the way it out-performs time tested stock market indices. It may also be because of the wild volatility in this nascent space. Either way, while it can make some rich, there are those who are getting scammed. This is why law enforcement are getting in and in Dnipro, a city in Ukraine, police arrested four young men for allegedly setting up six crypto exchanges and fleecing unsuspecting crypto enthusiast.

In their records, the police said the four were skilled in programming, setting up CMS to manage content of these fake crypto exchanges. Of course, efforts like this rubber stamps cryptos and the even though Ukraine is yet to create clear legislation around crypto, police did a good thing with the arrest. They are now appealing to those who were affected to step forward and record statements.

After June 22 strong bear candlestick, ETH prices did recover lightly after dipping below $500 and $450. Nonetheless, considering the way prices are snapping back and printing lower lows, it’s likely that those were short coverings. Either way, like BTC, selling on every high going forward seems like a good trade plan. Even though it would be ideal to wait for pull backs retesting $500 before liquidating, aggressive traders can begin shorting at current prices with stops at $550 or June 20 highs. Bear targets stands at $350 and later $300.

EOS Technical Analysis

Day in day out, EOS proponents have to contend with calls of bugs, network halting protection mechanisms and lately centralization critiques. However, it pays to remain clear and note that by design, EOS sacrifices hyper decentralization for high throughput and scalability. That’s why by using EOSIO blockchain, coin holders need to know that there is an applicable constitution and block producers or super nodes who can freeze accounts anytime there is a complain. This is the first in blockchain and there are many who hate saying EOS is another corporation while others unanimously support EOS governance structure.

Price wise and EOS is up roughly 10 percent in the last 24 hours but still trending within June 24 high lows. Notice that because of that depreciation below $9 after June 22 bearish engulfing candlestick, sellers are in charge. There are two ways to trade this: Either short at current prices with stops at $9 or wait for pull backs retesting $9-previous support now resistance with stops at $10. In both cases, targets stand at $4.

Ripple (XRP) Technical Analysis

For Ripple as a company to flourish, they must onboard banks, payment providers and other financial institutions to use their services. And why not? Ripple Transaction Protocol (RTXP) was specifically designed for banks and reliable statistics shows using RTXP is up-to 85 percent cheaper and almost instantaneous. Ripple is obviously insatiable as they plan to onboard more companies. As such, with more integration, Brad, the CEO of Ripple think CoinBase should really list it as it is a utility. In an interview with Fortune, he said CoinBase being an established firm should be “interested” because Ripple is continuously providing solutions to global banks and big corporations.

Encouragingly, XRP is up five percent in the last 24 hours and the cool thing about it is that prices are actually bouncing back from key support at 45 cents. That’s where our sell triggers were. Admittedly sellers are in charge and what we want to see is a reversal of these unexpected XRP gains and close below June 24 lows at around 40 cents before we give a clear for sells.

Before then, we remain neutral but should there be reversals above 55 cents, our shorts would be cancelled. Otherwise, June 22 candlestick high low is significant for our analysis and any form of retest of 55 cents with lower lows printing in the 4HR chart for example would trigger shorts with stops above 55 cents and bear targets at 15 cents.

Bitcoin Cash (BCH) Technical Analysis

After Bitcoin Cash upgrade and hard fork, many BTC core supporters thought Lightning Network would “kill” Bitcoin Cash. In theory, BTC supporters banked on this off chain solution to increase transaction settlement speeds, reduce network fees and above all, scale the network.

However, at the moment. Things are grim for LN and performance is not at par with expectations. All thing constant, critics are saying LN won’t after all help the network scale in case LN becomes an everyday utility. Fees would still be high assuming there is massive adoption of BTC. In a nutshell, there are doubts about LN developments and this definitely boosts Bitcoin Cash price. Remember, BCH is always position itself as a medium of exchange as “Satoshi” would have want and not as a store of value as Bitcoin Core is turning BTC to be.

At current prices, Bitcoin Cash sellers have wiped more than 90 percent of BCH valuation from April highs. Technically, that qualifies to be a very dip retracement but we should remain cautious and watch out what happens at $600, our first bear target. As mentioned before, June 22 bear candlestick influences our analysis pointing to the trend direction despite pockets of buy pressure in the last two days.

Going forward, I recommend selling on corrections whose upper limit is at $850, our first sell trigger line, with stops at $1000 and targets at $600 and $300. Alternatively, you can sell now with stops at $850 and targets at $300.

Monero (XMR) Technical Analysis

There is no doubt that Monero is a privacy centric coin and with superior features that makes it hard for third parties to track blockchain transactions, the US Secret Service now consider Monero a national security risk.

They specifically called on congress to introduce legislations that specifically tackles anonymity cryptos as Monero and Zcash. Of course, it would be a blow to XMR if there would be such specific laws aimed at them now that it is becoming a safe haven for individuals-especially in the dark web-who prioritize their identity over everything else.

Unlike most coins, Monero is gaining ground and is up 13 percent in the last 24 hours. Now, while sellers seem to dominate, we actually have some sort of reversal because prices are trending above June 22 highs. As such, we can conclusively say XMR prices are back to that consolidation from June 13 to 20 but since we were net short after June 22 break down, let’s what and see if prices will edge above $150. If there are hints of resistance, then sell and aim for $70 with stops at $150.

Author: Dalmas N

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Crypto Price Analysis (LTC, XLM, TRX, XMR, DASH): June 22, 2018

It’s a wholesale market capitulation and so far, literally all coins under our radar are registering double digit losses. The crypto market is down $20 billion because of this sell off. As it happens and BTC prices edge towards $6,000, its dominance stands at 40 percent.

Let’s have a look at these charts:

Litecoin (LTC) Technical Analysis

Undoubtedly, Charlie Lee is a crypto influencer and we got to see nuggets during his recent interview with CNBC following BitHumb hack. During that attack, and sources indicate that these hackers have been trying to penetrate this exchange for the fourth time in a month, $30 million worth of unspecified coins were lost. As an exchange and a custodian of user funds, it’s obvious that some individual accounts were affected and while they say they shall reimburse those affected, the simple fact that BTC prices reacted was a cause of concern. Charlie Lee of Litecoin insists that this shouldn’t be the case because after all, hacks are not blockchain vulnerabilities. He remains hopeful that we shall have a future where sentiment won’t dominate resulting in panic sells or buys.

On to the chart and well, sellers are in and are going berserk. LTC is trading 11 percent lower than it was a day back and at $85, our sell trades are live. As we had stated before, our triggers were confined within a $20 trading range with sells at $90 or the lows of that double bar bull reversal attempt on June 13-14. Because of this, selling on pull backs or retests at $90-$95 with targets at $70 and later $50 would be a perfect trade plan.

Stellar Lumens (XLM) Technical Analysis

Should we be clear, Stellar like Ripple cram have the same client base but the latter seeks to nurture strong partnerships with global banks. The good thing about Stellar is their readjustment and focus on the end user. Those who were affected by high fees and delays brought by centralized remittance and payment providers worldwide.

Stellar through use of their native tokens Lumens promise to eliminate inefficiencies, latency and costs and that’s the precise reason why IBM came in. According to reliable sources, one of Philippines largest banks the RCBC wants to tap on the $137 million remittance money sent from Japan and Stellar is likely going to the network of choice. RCBC are in talks with IBM who utilize Stellar technology and already have infrastructure in place in at-least seven SE Asia countries.

Back to price and it’s a blood bath. Yes, XLM is still perched at position seven in the liquidity list. However, as sellers continue to press lower, our sell triggers at 20 cents is likely to be hit. XLM is down 10 percent in the last 24 hours and in line with that strong bear candlestick, it’s clear that the least path of resistance is further degradation. I recommend selling on pull backs with ultimate targets at 15 cents and later 8 cents.

Tron (TRX) Technical Analysis

In my view, the average investor cares less about cries of Tron plagiarism. Of course, stealing someone work and claiming it as yours is unethical to say the least. But with a market cap of $3.2 billion and planning to launch their mainnet in the next three days or so, this event will overshadow this scrutiny. Justin Sun has been on the forefront, giving incentives for ethical hackers to check their code and Ethereum developers to begin using their TVM to launch DApps. In fact, there are three beneficiaries to that effect, each pocketing $100,000 to jump start their projects. Then again, to mark their mainnet launch, the Tron Foundation plans to burn 1 billion or $50 million worth of TRX.

While fundamentals are strong and ERC-20 complaint TRX freeze in progress, prices are literally “burning’. It’s a collapse and even though TRX prices are still moving within June 18-19 solid bull candlesticks, sellers-like the rest of the coins-are in charge. Solely because of the superior sell momentum, trading with the trend and liquidating on every high in lower time frame seems like a pitch perfect trade plan. Overly, we expect bears to test 2.5 cents.

Monero (XMR) Technical Analysis

This coin is no doubt one of the leaders when it comes to privacy. Before blockchain introduced a mix of privacy, decentralization but transparency, there were no safe havens for privacy centric individuals. Monero combines the features of blockchain and advanced ID protection to keep transaction anonymous through RCT and Ring signatures. This has got the eyes of the US Secret Service who now warns Congress about the implication of these versions of digital coins. In their view, Robert Noye of the Secret Service proposes better regulation should be a priority to prevent propagation of illegal activities.

In the midst of these calls, it will depend whether XMR coin developers and code custodians would bulge to pressure or not. Even so, XMR is sliding with the rest of the markets and is down 10 percent in the last 24 hours. At $110, XMR prices have broke off from the consolidation and with accompanying high volumes pushing prices lower; trading with the trend is what we should be doing in the days to come.

Aggressive traders can begin selling on every correction or retest towards $130 while conservatives can wait for triggers below $100 or June 13 lows. In either case, reasonable targets at $70 and $60 aren’t farfetched.

DASH Technical Analysis

In this wholesale market depreciation, there is some pretty solid news to smile about. One of them has to do with development at DASH where instant-send fees would no longer apply in “simple” transactions. This is a step in the right direction and the cool thing about this is that the DASH development team has checked it should someone or a group wants to launch a spam attack on the network. On other fronts, you can easily set up a DASH master node using GIN Platform even if you don’t posses technical skills.

It’s obvious that sell pressure is immense. After periods of consolidation and spinning tops retesting immediate resistance-previous support- at $270, DASH prices are tumbling. To quantify, it’s down 10 percent and clearly breaking off from the tight $30 trade range with a boom. Like others, selling with stops at$270 and targets at $160 can be a nice trade plan.

Author: Dalmas N

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Crypto Price Analysis (BTC, ETH, EOS, XLM, mIOTA): June 20, 2018

News of BitHumb hack saturates the market. According to various news sources, hackers stole $30 million worth of cryptocurrencies including BTC, ETH and others. We cannot point out exactly what the cause was but most likely it’s a result of exchange’s weakness that’s why they have suspended deposits and withdrawals. The effect on price isn’t that dire and some coins are actually recovering and aligning themselves with our previous projections.

Let’s have a look at the charts:

Bitcoin (BTC) Technical Analysis

Earlier today, BitHumb, one of the largest cryptocurrency exchanges in South Korea was hacked. It is estimated that hackers made off with close to $30 million worth of cryptocurrencies and even though prices are relatively stable, BitHumb is taking precautionary steps to that effect. To mitigate and to protect investors, they suspended BTC deposits due to a change of their “wallet systems”. With this, all form of BTC deposits will not be possible until further notice. Of course, this is an inconvenience since trading would not be possible for those who wish to invest on BTC or even play the market.

Back to price action and at the time of press, BTC is down two percent in the last 24 hours. Considering the monetary value of lost capital, the market is “very” stable. Remember, when CoinRail was hacked, the market sunk and lost $500 or more in the after math of that $50 million loss.

So, while it’s a clip of our current bullish stand, we expect BTC prices to pick up and even bulge past $7,000 in the coming days. This is an optimistic approach which would only be negated should we see sellers pressing below $6,000 and June lows. To reiterate our initial trade plan following June 14 events: any break above $7,000 would trigger early bulls but risk adverse traders should wait until price appreciate past $7,800.

Ethereum (ETH) Technical Analysis

Anheuser-Busch InBev is one of the world’s largest brewer behind household brands as Budweiser. Going by the latest step, they surely mean business. News is, Ethereum is their preferred platform going forward as they are serious about making inroads and perhaps improving the performance of digital ads. To initiate this objective, they did launch their first campaign two weeks ago on Kiip. This mobile DApp runs on the Ethereum blockchain. Their goal is simple: Track and monitor the effectiveness of an ad and later expand its reach if there are positive outcome. By using blockchain, there is transparency and all players can view the performance of the ad.

Like BTC, ETH is down and perhaps weighed down by BitHumb security exploitation. However, to keep things in perspective and to avoid distractions, ideally, buying at the back ground of these dips is advised despite the obvious bear trend from a top-down approach. As before, our bull triggers are at $550 and if our previous projection holds true then we need to see appreciation past this $100 consolidation with high volumes. Otherwise-and as it is, further lower lows and rejection of ETH bulls at $550 will keep us off this trade meaning sellers are still in charge.

EOS Technical Analysis

The main objective of blockchain is decentralization and that’s what most blockchain startups and projects always drum for. But as blockchain continues to draw more attention, scalability, interoperability and scams/hacks dominate the crypto verse.

So, with a new governance system and a robust arbitration mechanism, EOS Block Producers can now directly deal with scams within the network. They already froze seven accounts some few days ago receiving applause and criticism on equal measures. Some even argue that moves like these show that there are elements of centralization and censorship which is against the spirit of blockchain. Do you think their recent freeze is good for EOSIO and EOS coin? Let me know your thoughts.

Back to price action and with EOS down three percent, price is back to consolidation. Consequently, this means remaining neutral in the face of these whipsaws and price which is all over the place. We can easily note that trading volumes remain low averaging 10 million in the last 10 days and that’s low relative to June 10 bearish engulfing candlestick which printed 27 million in trade volumes.

As such, the more prices move within this $5 trading range, the more likely it is for sellers to drive prices past our bear triggers at $9. In that case, targets would be at $7 and later $5 with stops at $12.

Stellar (XLM) Technical Analysis

According to new rating from China Electronic Information Industry Development (CCID), Stellar Lumens is superior in technology and application. It ranks fifth and fourth respectively on those two selection criteria and technically this is positive for the coin even though we are yet to see its effect on price.

On other fronts, Stellar is ready to launch their own decentralized exchange (SDEX) as early as next month. Reliable sources say the Stellar Development Foundation (SDF) will be in charge of the projection which is in final phases with minor touches on Stellar’s core protocol.

Inevitably, any change on the protocol would affect how sell and buy orders are done but still this is necessary if order book manipulation through “shadowing” is to be stemmed out. Features as Liabilities would keep tract of transactions ensuring the order book is free of unscrupulous activities.

All in all, XLM losses are low relative to other coins in our radar in this general bear market. Yes, it’s down four percent but still Stellar Lumens buyers are stepping in preventing further losses. Regardless, the fact that prices are moving within a 10 cent trading range means our triggers are yet to be tested and therefore we remain neutral. Our buy triggers are at 25 and 30 cents while sellers would likely drive prices lower should we see depreciation past 20 cents.

IOTA Technical Analysis

When we look at implementation and use case application, IOTA appears to be a long term investment. As such, buying at current prices is logical. But, a word of caution. Before loading longs, waiting for sufficient signals would be beneficial for your account even as IOT prices move horizontally near the psychological $1 mark. Before, we set our buy triggers at $1.3 and our buy recommendation would be positive if we see strong up thrusts with high volumes accompanying that move. Conversely, any bear move below $1 and sellers should aim for 90 cents and lower.

Author: Dalmas N

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Crypto Price Analysis (DASH, mIOTA, BCH, TRX, ADA): June 19, 2018

Thanks to June 18 injection of buy pressure, most cryptocurrencies appear to be bottoming up. Most notably there is a spike of TRX valuation coming a few days before TRX ERC-20 tokens freeze. That shall be done in readiness of mainnet launch scheduled for June 25. That’s a single fundamental event that can be supportive of TRX prices but as for others, today’s price action would either support or cancel June 18 bulls. If today end up higher then we can either buy at spot prices tomorrow or wait for our previous buy triggers to be hit.

Let’s have a look at these charts:

IOTA (mIOTA) Technical Analysis

IOTA, unlike other cryptocurrencies is quickly turning out as a crypto for charitable organizations and non-profit. Coincidentally, IOTA by itself runs around a not-for profit principle and this is appealing for organizations and donors keen on advancing their objectives through a donor/charity-funding model simply because of the inherent design of the coin. IOTA and Tangle promise free transaction, fast settlement and infinite scalability directly proportional to the level of adoption. What this means is that with every user case implementation, the Tangle would scale higher because there are no limitation of block size as other Proof of Work consensus protocols. Besides, with Qubic implementation in the next few years, users would easily draft smart contracts and embed different conditions within transaction enabling accountability boosting overall efficiency.

Price wise, it appears as if IOTA is finding reprieve. After periods of horizontal consolidation and movement within tight trading ranges, IOTA is up two percent in the last 24 hours. Yesterday, IOT ended up higher for the first time in five days and with a bullish pin bar signaling rejection of lower prices, odds are buyers would confirm our bullish stance. Of course, this is good for price but that doesn’t necessarily mean we start loading this coin. Yes, I recommend aggressive traders to load up if and only if today end up bullish but overly, our buy triggers are at $1.3. That’s slightly above our recent trading range and June 14 highs.

DASH Technical Analysis

TravelbyBit is a travel site whose sole intention is to “Open up Australia for Digital Currency Tourism”. Even from their marketing mantra, it’s easy to get the drift. At this site, travelers keen on spending their cryptocurrencies can not only travel anywhere in Australia and pay their bills using any coin of their choice but they can explore other continents and pay with crypto from their provided list of merchants. Merchants can also list their services on the site and indicate which coins they accept. So, in line with their provision, a Pharmacy in Australia, Lugarno Pharmacy, now accepts DASH. As expected this is positive news.

Like IOTA, DASH found support yesterday and is up three percent in the last 24 hours. From our previous analysis, our main support line is at $270 and regardless of yesterday’s bullish pin bar, we remain neutral and bearish because of the general technical set up in the weekly chart.

If at all there is negation of this projection then we must see upsides. In that case we need to see confirmation of June 18 bull momentum with prices pushing above $270 with adequate trade volumes validating that move. Otherwise, any reversal and break below $230 would be a straight sell with targets at $210 and $110.

Cardano (ADA) Technical Analysis

News of Cardano (ADA) listing at BitHumb not only bodes well with cryptocurrency enthusiast but is also of prime importance for developers. While we cannot expect ADA prices to sky rocket and reassert its way back to the top five but generally speaking, ADA will gain by some margin. With this listing, traders can now buy ADA straight using their KRW simply because BitHumb allows direct crypto-fiat exchange. That’s not all though, ADA is also available at eToro and this announcement effectively makes ADA the eleventh cryptocurrency available at this trading platform.

Evidently, ADA has been in a range mode in the last six days or so. While it’s clear that sellers are in charge, the fact that lower lows are not as rapid as before hints of potential slow down and shift of momentum in the coming days. Despite this projection, we need to see strong movements to the upside and before then, we are neutral. Otherwise, our buy triggers lie at 22 cents with upside targets of 40 cents.

Bitcoin Cash (BCH) Technical Analysis

If Bitcoin Cash is in anyway going to advance Satoshi’s vision as they proudly proclaim then they must have a concrete development plan in place. BCH proponents and developers have repeatedly said that they plan to scale and even surpass Visa through put and that’s the reason they increased their block size to 32 MBs and fine tuning their protocol to seamlessly scale in the future. Of course, this is welcomed news in any case. On the other hand, listing and wide spread adoption is undoubtedly the only sure way of increasing BCH popularity even in the face of decreasing hash rates.

Back to price action and BCH is up four percent in the last 24 hours. Aside from this appreciation, what interests me is how price action is panning out and reacting at key support levels. From our previous analysis, we expected to see support at $850 and that’s where BCH prices have been oscillating at in the last few days.

Even though we remain bearish in the face of this incessant sell pressure, any confirmation of June 18 bullish candlestick today will be inviting for early entrants who should place stops below $850. Overall buy target is at $1800 while conservatives should buy on dips when prices are trending above $1200.

Tron (TRX) Technical Analysis

A few days to mainnet launch and Tron is spear heading this crypto “recovery”. It’s up 13 percent in the last 24 hours meaning TRX is the top gainer in the top 10. Solely because of this, I recommend cautious buys with triggers at 5 cents and take profits at 6.5 cents and 8.5 cents on the upside. However, because of recent price reaction to mainnet launches, we might see resistance to upsides at 6.5 cents but if there is a surge then 8.5 cents and later 10 cents would be ideal take profit levels.

Author: Dalmas N

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Crypto Price Analysis (EOS, LTC, XMR, ETC, TRX): June 18, 2018

Perhaps we can link EOS attention to the amount of funds raised in their one-year long ICO. But, maybe it can be because of the grand expectations supporters want to see from EOS. Either way, it’s clear that recent EOS events continue to pour cold water on bullish pressure. It’s not only in EOS but buyers are lacking support in Litecoin, Ethereum Classic which is $5 away from their all-time lows and Monero which is likely to hit $70 in the coming days. All this is subject to BTC prices which is also struggling to stay above $6,000.

Let’s have a look at these charts:

EOS Technical Analysis

Every coin has its own challenges and on different planes, some draw more attention than others. EOS market themselves as a go-to platform that has high through put and is perfectly decentralized. Of course, on paper it’s perfect but there are flaws that need immediate remedy. Some of them has to do with network reliability and while it’s only less than a week since BP voting took place, EOS is apparently struggling to handle bugs.

On Sunday for example, a bug took down the network for five good hours and yes, we can attribute this to the design of the network that prevents forking but the manner in which it was handled raised eye brows. Everything constant, it would have taken less than five hours to resume normal service if they were to justify their $4 billion crowd funding price tag.

Like all major coins under our radar, EOS is caught up in a horizontal tight trading range with a bearish skew. This is an ante to our projection as we were expecting prices to tune in with June 14 candlesticks but as it is, buyers have to stay on the sideline a little bit longer. EOS is down five percent in the last 24 hours and any break below $9 might take EOS valuation to $7 and later $5.

Litecoin (LTC) Technical Analysis

As Bitcoin’s laboratory, it’s highly likely that the SEC would consider Litecoin a utility. When we check the chart, many commentators think they may because nothing more explains the appreciation on June 14. Regardless of the recent tight trading ranges, fundamentals qualifies this coin as a long term buy hold.

However, the charts paint and different story and traders must content with possibilities of further losses. All this stems from that break below $110 and the consequent buy pressure that are yet to be confirmed. Given the lack of buy support, our immediate sell trigger is at $90 or June 14 lows and when that happens, sellers should aim at $70. On the reverse side, our buy trigger is perched at $110. Any rise above that would surely welcome buys targeting $140.

Tron (TRX) Technical Analysis

If, like Justin Sun and Tron Foundation, you strongly in the Tron project and want to contribute to their ecosystem, then there is an opening. Tron is recruiting in a drive called the Core TRONICS Recruitment but before you settle on applying, make sure you have a minimum of 10,000 TRX with you, have a group with 500 active group members and have good customer care skills. Your work as a Tron member will purely be educating the community and disseminating news about the Tron project globally.

Currently, TRX prices are on a down trend and likely to add to their previous losses if we make deduction from our technical formations. As a matter of fact, TRX prices are down 13 percent in the last seven days and yesterday was no better since it’s down four percent in the last 24 hours as sellers angle to test our main support at 4 cents. Because of these developments, I recommend trading with the trend and that means selling with targets at 2.5 cents with stops at June 14 highs at 5 cents.

Monero (XMR) Technical Analysis

In an interesting twist and the first of its kind in the world, Japanese authorities have arrested 16 individuals suspected of being part of a Cryptojacking ring. Cryptojacking is an illegal way of mining cryptocurrencies through illicit programs without authorization from the device owner. While working via CoinHive, three suspects were each charged 100,000 Yens early this month in Yokohama for Cryptojacking and mining Monero from users online without their permission and it seems like this was just the beginning. In the past two weeks, authorities in 10 Japanese Prefectures have joined hands and are keen on sending a message to criminals taking advantage on Japan’s warm cryptocurrency regulations.

By all accounts, the relationship between XMR and LTC price action is positive. So, while LTC broke $110 to the downside, XMR did the same and is likely to add on to their losses. Remember, in the last 24 hours alone, XMR prices are down three percent. Therefore, despite our previous bullish stands, the past four days lower lows are likely to cancel this trajectory. The reason is simple, for it to hold true, prices must move above $140 and $150 main resistance line. However, as it appears, minor support stands at $120 and any down thrust with above average volumes shall form the genesis for prices to be pushed towards $70, our immediate bear target level.

Ethereum Classic (ETC) Technical Analysis

As always, news of future support from CoinBase, one of the largest and trusted exchange in the US is hawkish. So, expectedly, ETC is fundamentally bullish because of that. However, a second look at the chart shows that buyers are struggling to increase their gains. As a matter of fact and like most coins, ETC prices are oscillating within June 12 high lows and this means patience is an asset in the coming few days.

The rationale is simple. According to how we have set up our trading charts, any break above June 12 highs at $16 will signal buy pressure meaning we shall be buying on dips. Conversely, any depreciation below $13 and ETC supporters should prepare to test $9 or ETC ATLs.

Author: Dalmas N

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Crypto Price Analysis (BTC, ETH, LTC, EOS, mIOTA): June 16, 2018

Even if the general crypto sentiment is positive, we need to be practical and wait for alt coin clear break through to the upside.

Because BTC anchors most alt coins and there is a direct relationship between its price and those of others, it will be a straight buy once we see BTC and ETH edging past $7,000 and $550 in the coming days.

Let’s have a look at the BTC, ETH, LTC, EOS and IOTA cryptocurrency charts for June 16:

Bitcoin (BTC) Technical Analysis

The CIA might after all know the real identity of Satoshi Nakamoto but with their Glomar replies, we cannot for sure know if they do or not. What we are sure of is that the Tribunal court of Florence has ordered cryptocurrencies at BitGrail to be seized following a court order in a pre-bankruptcy petition.

Remember, a while back, the exchange was hacked leading to a loss of $187 million worth of Nano and shortly after that, their CEO said it was highly probable that the exchange couldn’t compensate the affected victims. Following this public declaration, the Nano Foundation agreed to support any legal fund that would allow victims to have representation as the petition into BitGrail’s bankruptcy continued.

As that is happening, BTC prices are still moving within a tight range but encouragingly, we have a series of higher highs after June 14 price explosion. Of course, bears are technically in charge but the reaction at the $6,000 round number might be an indication of a bottoming market and a likely shift of momentum from bearish to bullish. However, before initiating trades, waiting for buyers to lead the way and trigger our buys at $7,000 and even $7,800 would be a superior trade plan. Otherwise, if recent higher highs were short coverings, then sellers would be back in trend should we see break below $6,000.

Ethereum (ETH) Technical Analysis

Of course the big big news this week in the Ether camp was the SEC securities ruling.

At the recent Ethereum Core Dev Meeting #40, there were strong proposals to reschedule the release and consequent implementation of Sharding and Casper FFG. Both are development plans that once implemented would infinitely help scale the Ethereum network and drastically reduce the barrier to entry for network security. Casper is simply but a new proposal to shift away from the inefficient PoW to PoS first through a hybrid consensus with the idea to transition fully from PoW in long haul.

But, if released separately, it can be intrusive in some way since it’s a completely new layer and might have its own rules according to Vitalik.  Sharding on the other hand aims at improving network TPS by splitting the network into what they call Data Shards which rely on each other for information flow but each shard store different block registries of the total network. This way, transactions won’t have to be registered by each node increasing throughput in the process.

Price wise, Ethereum buyers are rejecting lower lows as the chart shows. Overly, while prices are still trading within June 14 bullish engulfing and double bar reversal candlestick, note that buys are only valid if we see ETH prices pulling away from the $500 intra-range support and printing above $550.

Of course, traders can begin loading up at current prices especially if they take a look at the 4HR chart which is bullish despite yesterday’s lower lows. Should they buy at current prices, their tight stops at $450 or June 13 lows would do the job with targets at $650 and later $850.

EOS Technical Analysis

Block One and EOS plans to revolutionize the DApp world and to stay above competition, speed and network scalability is surely an edge. With ideas of Block Producers and complete decentralization, the community is positive that a “revolutionary” network they can truly own is finally here. However, after their recent voting, the crypto sphere is full of critics with several papers claiming that after all EOS is another “controlled” entity all thanks to block producers and the distribution if EOS coins.

Technically, EOS remains a buy at least for now and more so if there are gains above June 14 highs at $12. As we can note, June 14 is a temporary anchor candlestick across the board current price action are bounded by its high lows. So, like before our trade plan remains unchanged and buyers should wait for prices to move past $13 or sellers to drive below $9 if bear trend should continue.

Litecoin (LTC) Technical Analysis

Robinhood Co-Founder Baiju Bhatt has some pretty positive prediction about the future of cryptocurrencies. And while the Marshall Islands is the first sovereign nation to wholly adopt cryptocurrencies-Sovereign (SOV, will other major countries follow suit? Understandably, controlling currency is power and while it may be overly optimistic to even think that nations will cede that, Baiju thinks in the future it will be inevitable for nations to use cryptocurrency considering the way they are increasingly becoming mainstream. It’s not hard to see why. Already Russia had plans of creating their own Crypto-Rubble. In Japan, dealing with Litecoin and other cryptos is legal and normal.

On to the charts and LTC is back into a consolidation in lower time frames after failing to break above $110 on the upside. As visible from the daily chart, today’s prices are oscillating within June 14 bullish engulfing candlestick and going forward, it’s high low shall be immediate and minor resistance and support. As laid out before, our buy triggers is at $110 and for it to be valid, we must see volume surges supporting that up thrust. On the other side of the coin, sellers would be dominant and snapping back to trend once they break below $90 or June 13 lows.

IOTA (IOT) Technical Analysis

Following a meeting between the IOTA Foundation and Taiwanese Delegates in late April or there about, the Taiwanese government has decided to use IOTA’s Tangle in their drive to make Taipei a smart city. In this new arrangement, city residents will have a new secure digital ID as their initiate their drive of becoming the first of the kind blockchain run city in the world before Dubai takes that mantle. This is definitely good news for IOTA as it shows how their technology has real life and practical user case applications that are likely to be replicated around the world inevitable drawing value in the process.

As before, we reiterate that IOTA is a long term buy and this is the right time to accumulate the coin. For traders, we are net bullish at least in the short term and our projections would be valid once we see IOTA prices trending above this consolidation at $1.3. Any break below $1.1 invalidates this view.

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Crypto Price Analysis (ETC, XEM, DASH, TRX, XLM): June 15, 2018

The crypto market seems to be bottoming up and DASH is spearheading this charge when we scan the coins under our radar. It’s up five percent in the last 24 hours and quickly building momentum from their previous support at $270. While at it, ETC prices are stuck within a lower time frame consolidation and are still oscillating inside June 12 high low meaning any break above $16 or June 2018 highs would be inviting for buyers.

Let’s have a look at the charts:

NEM (XEM) Technical Analysis

In open source projects, any developer can come up with a fix, upload their findings and allow the rest of the community to make use of the new solution. That’s exactly what transpired a couple of days back when a Spanish Computer Scientist came up with an ingenious bridge that allows seamless operation between NEM library and Trezor hardware. With this, coin holders can at anytime vote assuming the crypto’s blockchain has a good governance structure in place that makes that possible. All a user has to do is plug in their Trezor device and ensure that the bridge is running at the background. The only caveat that the fix doesn’t do is decrypting messages but there would be a solution for that in the future. This is all because of the way Trezor encrypts their messages during transaction signing and serialization.

After yesterday, we are seeing some sort of crypto recovery and NEM is apparently rising with the tide. Even though it is still down on a week over week basis sinking 21 percent, it is still up two percent in the last 24 hours and gifting the coin a generous market cap of $1.80 at 15 spot. Price wise, we have this nice double bar bull reversal pattern right at the 20 cents mark. Regardless of hints of price recovery, sellers are still in charge and the only way XEM buyers would be in charge is when bulls push above 22 cents on the lower side and 30 cents or June 2018 highs on the upper edge. Before then, we remain neutral with a bearish skew.

Ethereum Classic (ETC) Technical Analysis

Of course, announcement of CoinBase listing Ethereum Classic is news making headline for this coin. While many don’t understand the rationale behind this listing with some online commentators saying this was not what they asked and is a “complete waste”, still some who believe in the original intentions of the coin burning Ethereum blockchain are excited. For obvious reasons, ETC jumped 22 percent shortly after the announcement quickly moving to position 18 with a market cap of $1.45 billion. What this means is that in the coming months after CoinBase is done with engineering and testing, ETC shall be part of CoinBase Index Fund where high net worth and institutional investors can channel their funds to.

On to the chart and June 12 events is a stand out. Note that this happened right at our previous support line at $13. We can be upbeat and expect appreciation in coming days but considering the long coverings in the past three days, I recommend conservatives to initiate long trades once we see bulls edging past June 2018 highs of $16. That’s right above June 12 highs meaning that that’s where our buy trigger should be perched at. In that case, stops should be at $12 and overall targets at $25.

DASH Technical Analysis

Good news is DASH is now available at COSS.io and effectively coming through with their assertion of a one stop solution for cryptos. As always, every DASH listing regardless of the exchange breathes life into the coin. With every listing, especially when the BTC or USD pair is involved, there is opportunity for new capital injection from new investors enthusiastic about the possibilities of the coin and so they might hold the coin.

In the last week alone, DASH is up four percent and there are odds that we might see a confirmation of yesterday’s bullish engulfing candlestick happening right at support. That’s at $270 and should there be push and close above that previous support level now resistance with relatively high volumes, then I suggest buying with stops at $230. After that first buy targets would be at $330, $400 and later $570.

Tron (TRX) Technical Analysis

Hardware wallets are the safest abode for coin holders and they have several hard reasons to trust these offline wallets. After several high level heists which have seen investors lose millions of dollars, the Tron community have every right to know if the Tron Foundation and Justin Sun have any plans for Ledger Integration. Ledger is a popular hardware wallet that supports a couple of high liquid crypto coins which apparently TRX should be. But considering their recent objective of launching their mainnet first and the complexities that the Ledger team is finding with Tron blockchain, collaboration is needed. They are even welcoming the Tron team to get in touch with term and work something out for the benefit of the general blockchain community.

Most coins are in the greens and registering gains in the last 24 hours. During that time, we have seen reasonable injection of buy momentum after yesterday’s bullish candlestick print out but what’s important for us is to see a confirmation of buyers’ intentions. So, for this shift of trend to hold true, today must end up bullish and even print above 4.5 cents if the momentum is strong. If not and sellers reverse yesterday’s gain as they drive prices below 4 cents, then this buy forecast would be invalid and inviting for sellers.

Stellar Lumens (XLM) Technical Analysis

ItBit crypto exchange is like no other. Besides being one of the few crypto businesses in New York to get the approval from the New York State Department of Financial Services, NYDFS, it’s the first to allow investors to stake in Stellar Lumens. In a statement, the CEO of ItBit Charles Cascarilla said this was a milestone and listing Stellar Lumens and three other coins would provide a wider opportunity for crypto investors to choose from. They not only listed XLM but ETH, LTC and BCH.

Back to price and it’s surely a reprieve for buyers. We have a nice double bar reversal pattern anchored at 20 cents which if there is a follow through today we might see further gains for this laid back coin. Aggressive traders can start buying at current prices with stops at 20 cents with first targets at 30 cents and later 40 cents.

Author: Dalmas N

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Crypto Price Analysis (BTC, LTC, ETH, mIOTA, EOS): June 14, 2018

With every slide, Bitcoin dominance increases and currently, Bitcoin controls 40 percent of the total crypto market which by the way has been in turbulence since May 2018. Now, odds are we might see a recovery in BTC and ETH prices which hopefully might help resuscitate other alt coins as EOS and IOTA who have suffered the brunt of recent market capitulation.

Let’s have a look at these charts:

Bitcoin (BTC) Technical Analysis

Early this year, the US Security and Exchange Commission (SEC) together with the Department of Justice (DoJ) were hot under heels investigating the Tether Limited, the company behind USDT and BitFinex, the parent company. Now, while they were summoned to court over allegations of market manipulation, a damning report has been released by the University of Texas-Austin detailing how indeed Tether was used to pump the prices of Bitcoin late last year.

In a paper, John M. Griffin and Amin Shams from University of Texas-Austin hypothesize that Tethers (USDT) was indeed used to buy Bitcoin prices during dips in the run up to last year cryptocurrency all-time highs and there are clear patterns supporting this claim. One of them indicates that shortly after USDT weminted by Tether, it was channeled to BitFinex and other exchanges where there were coordinated support of BTC prices at key anchor points. These were often price levels in the multiples of $500.

From reliable statistics, Bitcoin prices has been known to influence the prices of other alt coins. Recent market depreciation attest to that as the crypto market is down $20 billion in the last week alone. Bitcoin on its part is down 16 percent week over week but today prices might find support. Notice that despite strong bear pressure, we are seeing signs of strong shift of momentum especially in the 4HR chart. Because of this, I recommend buying with stops at $6,000 and buy targets at $7,000 and $7,700-which happens to be a resistance point in the daily chart.

Ethereum (ETH) Technical Analysis

Besides Japan, Switzerland is known to be a keen blockchain supporter. Recently, one of its cities, Zug is planning to incorporate blockchain technology during voting. To implement this, Ethereum would be the preferred blockchain but before they move forward, Vitalik has a word of caution. He said rather than starting with voting straight away, it was better for them to start with petitions which were not a security risk and non-binding. Should they then can make use of blockchain for verifiability and ZKP feature for privacy assurance.

Price wise, it’s obvious that we are in a deep bear trend with ETH oscillating around our previous support lines and intermittent bear targets of $500. In my view, we might see a bit of a reprieve with ETH appreciating above $500 today. That’s why I recommend pausing selling and waiting for better entries at around $550. In the meantime, buying on dips-which is obviously risky, can be one way of trading and taking advantage of brief ETH support in lower time frames with tight stops at $440.

Litecoin (LTC) Technical Analysis

More often than not, any form of cryptocurrency lending services are considered Ponzi schemes if not outright scams. Of course we need not to go far and we can draw lessons from BitConnect and their bitter end early this year. Now, with Japan’s BitBank modelling their business around the same plan, investors have every right to ask questions but they are ready to answer. From their part, BitBank are very categorical stating that not every investor is eligible and in the days to come Litecoin would be amongst the coin that they would borrow and lock from investors. News as these are good for LTC as a brand and coin holders because it shows they are credible and trusted by big organization.

As this is happening, LTC is trending below $110, a key support line influential in our analysis. Considering the level of market participation on June 10 when markets broke below it, trading with the trend is ideal. This dictates selling with every highs but before we consider this option, rejection of lower lows in lower time frames demand patience. In this case, selling from recent resistance lines at $110-during retest of previous support, would be ideal. Overly, our short term target would be at $70 but should there be strong up thrusts with volume spikes above $120 then our bear projection would be voided.

EOS Technical Analysis

The buzz surrounding EOS mainnet launch is quickly dissipating and this is not what Block One and Dan Larimer expected. As it is, close to nine percent of EOS has been staked for Block Producer voting and this has been painfully slow but regular at the same time. In the days since the launch 10 days ago, EOS prices have slid from $15 to $10 and are posed to stagnate at these levels until the 15 percent threshold level is hit. Remember, safe the trading taking place at exchanges, these EOS tokens are literally useless and value would only be conferred once these generated blocks are validated.

Straight from the chart, there is hope. Look at June 13 bullish pin bar and the accompanying high volumes for perspective. Chances are today’s higher highs might be the launching pad of EOS bulls who might then push prices above $15 and $23 more so if Block Producer voting turns out successful. As such, buying with stops at $9 would be ideal going forward.

IOTA (mIOT) Technical Analysis

Regardless of the crypto blood bath which seems to be abating, IOTA is a long term buy. There are many reasons to support this skew and we can talk of Qubic. However, even though it is a milestone for IOTA project, mid-term partnership and direct Tangle implementation by tech companies like what Fujitsu and Volkswagen are doing should be market movers.

In the chart, we can see IOTA sellers rejecting lower prices. The 4HR chart provides a clear perspective and should be the foundation of our short term bullish stand which I’m recommending. If anything, buying at current prices or once IOTA buyers are trading above $1.3 would mean stops at $1.1. Check out that coincidence of buy injection with volume spikes and know that there is a shift of momentum from sellers to buyers in play.

Author: Dalmas N

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Crypto Price Analysis (XLM, DASH, XMR, XRP, NEO): June 8, 2018

Despite our bullish stance, sellers seems to be taking charge. We can see how bears are increasing their positions in Monero, DASH and Stellar Lumens price charts. Of course, these are short term price moves but should we see further erosion below key support lines especially in Monero, then I recommend shorting with sell targets at immediate supports.

Ripple (XRP) Technical Analysis

During the recent Money 20/20 Fintech conference in Amsterdam, Brad Garlinghouse the CEO of Ripple had some positive words for cryptocurrencies in general. Ripple is actually leading the way and we have seen how their intention has always been pro-regulation and their drive to work with central banks and other financial institutions.

This might be the reason why while he thinks Bitcoin would play a role in the future, blockchain and cryptocurrency specialization would be the real deal in the future. He even dismissed claims of “holy war” between different transaction platforms saying this was “unfortunate”. Of course, and this is what we can’t avoid, competition is good for the end user and that’s why doing business in some coins is always efficient than others.

On to the charts though and we remain positive despite almost zero gains in the last five days. Ripple token (XRP) is moving within a tight 7 cents range whose upper range and buy trigger is at 70 cents. Yes, we are net bullish because of last week’s bullish up-thrust in the midst of deep price erosion. So, unless otherwise, I recommend buying XRP if and only if we see buyers pushing past 70 cents with above average volumes. On the ante side, if we see depreciation below June 5 lows-at 63 cents and 60 cents, we can begin mapping out short potentials with every resistance-at 63 cents-retest.

Stellar Lumens (XLM) Technical Analysis

All in all, we are there’s some sort of resistance to bull pressure. Notice that while we are upbeat expecting buyers to add on to their position and perhaps push XLM above 30 cents, it likely that sellers might end up higher if this five-day trend continues. Intermittent triggers are at is below June 5 lows at around 27 cents. Assuming that happens and bears take over, then odds are Stellar Lumens shall print 20 cents as they reverse last week’s gains next week.

Considering recent price action and consequent price set ups, I recommend staying neutral. That’s unless of course there are surges above 30 cents or strong depreciation below 27 cents.

NEO Technical Analysis

There is synergy when two level minded entities join hands to advance an agenda. So, news of Ontology and NEO collaborating for the sake of advancing and developing blockchain technology is nothing short of novel. To begin, NEO has plans of creating their own NEO Virtual Machine and a smart contract ecosystem, the NEOContract. That’s besides their other goal of furthering what they call an “open standard for smart contracts”. We cannot argue the importance of standardizing smart contracts but what is really integral for NEO is the widespread adoption of the smart contract ecosystem.That will only become real when their Virtual Machine is up and running.

On to the charts now and NEO sellers are reversing last week’s positive gains. From the daily chart, prices are down 50 percent from June 4 highs and odds are this depreciation will be accelerated unless we see positive moves today.

Overly, we remain bullish but that depends on if buyers would reject erosion below $50, our main support line. If they don’t then go to the 4HR chart and wait for retests of $50 and sell with targets at $40 and later $30. Conversely, if buyers jump in at this support line then wait for prices to close above $60 and buy with targets at $100.

DASH Technical Analysis

Undoubtedly, DASH technology is superior to most cryptos. Let’s also not talk about transaction fees which are low and speed lightning fast. These are qualities that are supportive of prices anytime of the day but unfortunately, DASH has been tanking in recent months.

Technically, DASH deserves to be a top 10 crypto and it should but at position 13 in market cap and liquidity, it is doing fairly well. At least we can say DASH is stable because in the last 24 hours and in week over week, it is down one percent and that’s reflected on the chart.

Judging from price action, DASH prices are moving horizontally and in a tight range. Note that in the last five days alone, prices are oscillating within $40 range with upper limits at $340. That’s ideally our buy trigger because it not only marks June highs but that’s where we see a climactic selling on June 4.

Monero (XMR) Technical Analysis

Through and through, Monero as many know is a privacy centric coin. By that I mean it’s really hard to detect the sender, the amount and the receiver of a transaction all thanks to their privacy features as Ring Signatures, Stealth Addresses and Public View Keys. Now, here is a growing concern.

While Monero continues to be an open source project, Microsoft acquisition of GitHub, a code repository, will be conflicting. First, most coders don’t buy Microsoft assertions that GitHub will run independently and secondly, Microsoft is a centralized for-profit organization so it would want to make money out of their investment. With this, do you think Monero will migrate their code repository to GitLab?

Like most coins, Monero is sliding and trading according to May 22 bears. After all, that’s a bearish engulfing candlestick which is overbearing for buyers. We can see its effects on price action and how buyers didn’t have the power to build on to the double bar bull reversal pattern in the first week of June. Unless we see juts past $180, I recommend selling at every high with stops at $180. Immediate sell targets should be at $115 while sell triggers lie at $140.

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Crypto Price Analysis (BTC, ETH, BCH, EOS, TRX): June 7, 2018

Despite the total cryptocurrency market cap declining to $386 billion, Bitcoin still dominates at 35 percent. It’s an important crypto and that’s why mainly because of its influence, an ETP by VanEck and SolidX has been filed with the SEC. Yes, alt-coin prices are in a down trend and moving inside a tight trade range and so unless we see BTC or ETH prices above $7,800 or $650, we shall remain neutral.

Let’s have a look at price action:

Bitcoin (BTC) Technical Analysis

The excitement is palpable in the crypto world following the filing of VanEck and SolidX’s VanEck SolidX Bitcoin Trust Exchange Traded Fund application to the SEC. Of course, this is extremely hawkish and even if many would argue that this was just but a simple amendment of their previous application which the SEC had requested them to pull out, still Bitcoin Futures traders would have something to look upon now that this new ETP would be backed by insured Bitcoin.

Even though their ETP product is exclusively meant for institutional investors locking out ordinary investors, it’s likely that this move will pave the way for more same caliber investors to wade into “murky” waters of cryptocurrency investment. And why not? The returns are incomparable and already John Lore, a lawyer, said several university endowment funds have a portion of their capital in Bitcoin and other cryptocurrencies.

In the charts, it’s the same story of risk reward, effort and result. Bitcoin bulls are laboring to reverse June 4 losses as the last three candlesticks shows. Like before, we are net bullish and for our projections to stay true then we need to see up-thrusts above $7,800 in the daily chart. Well, aggressive traders can begin loading up their longs at current prices but because of price swings, safe stops should be at $7,200 if not $7,000. Our ultimate targets stands at $10,000, a round psychological number.

Ethereum (ETH) Technical Analysis

Germany seems to be European’s leading adopter of cryptocurrencies. It is obviously warming up to new technologies and after BAFIN-the country’s Federal Financial Supervisory Authority-gave the node to licensed banks to upgrade their ATMs so as to allow crypto-fiat exchange, an approval stamp was given to cryptocurrencies. This is important because Germany, like the US, plays an important role in Europe’s macro and micro economic matters. With this directive, account holders would in the future cash out in Bitcoin, Ethereum or Litecoin and vice versa after their respective banks upgrades their cash dispensers.

From our charts, Ethereum (ETH) prices are still moving within a $70 range. While we remain upbeat, there needs to be a follow through of last week’s bullish events if at all our projections are valid. As such, ETH bulls need to close above $630 and $650 on the upper edge to confirm our skew. If not and prices continue moving as it is today then we should stay put and observe price action until when prices either move above $650 or sink below $550. Of course, the latter move invalidates our bullish projection.

Bitcoin Cash (BCH) Technical Analysis

At a time like this in 2017, Bitcoin Cash didn’t exist. But after their fork-and they have been forking by the way, prices did jump more than 3000 percent registering highs of around $4,100 in December 2017. That’s a feat that will take time to replicate especially if we refer to recent bear events. Now, will we see Q4 2017 moves panning out this month despite slow gains in the last couple of months? Well, let’s wait and see if their widespread adoption and the 32 MB block size increase will help buoy prices. Besides, Roger Ver plans to drive BCH usage in Japan by making it a payment option in every convenience store in Japan is a plus.

As this is happening, BCH prices are slow. Like BTC, prices are stuck within a June 3 $100 trading range. If anything, it’s simple logic to place respective support and resistance at $1070 and $1200. These are June 3 low-high and are important in our analysis. Overly, we are bullish and because of this position, our odds of last week’s follow through is elevated if we see buyers trending above $1200. From there I recommend picking points of undervaluation in lower time frames and aiming for $1800.

EOS Technical Analysis

Three days later and we must agree that the current issues surrounding EOS launch puts the project at risk. Its protracting launch is frustrating coin holders in the process. Many didn’t think this would take long to accomplish even as EOS NY and Canada coordinate with creation of voting portal and updating the community of the progress. This is on top of security issues and realization that after all, there shall be no ideal decentralization as previously drummed. After voting we shall have 21 Block Producers who shall be in charge of the network and their power is obvious. So, whether combination of launch delays, network vulnerabilities and a lack of a working blockchain shall impact prices negatively, the chart will show.

Price wise, EOS is down one percent but still up 14 percent week over week. As it is, trading is still active but we expect further delay to erode investor confidence and before then, selling with targets at $12 can be a good strategy. Assuming you stay on the side lines, waiting for moves above June 2 highs at $15would also be safer as it would be aligning self with June 2 bulls.

Tron (TRX) Technical Analysis

Even if we may say Tron (TRX) marketing has been nothing short of aggressive, we must cut them some slack and commend them for their efforts. After Shift Markets, Tether and BitForex, Justin Sun shared a snapshot in Twitter showing the number of EOS tradable pairs. Surprisingly, with every partnership, supporters have more than 100 ways of buying EOS. Slowly but surely-regardless of low prices, Tron is slowly evolving as a global product and tapping capital by positioning themselves as an easy option for retail investment.

Like EOS, TRX prices are stuck within a tight one cent consolidation. We are net bullish considering the hype that this project has been given and in that case, our strong support lies at 5.5 cents. For assurance, sellers should wait for strong breaks below 5 cents while bulls should see prices trending above 7.5 cents. That’s about May 28 highs, a level and a candlestick that is important in our analysis.

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Crypto Price Analysis (EOS, mIOTA, TRX, DASH): June 6, 2018

Most coins under our radar are in a short term correction phase. We can easily identify this at DASH, NEO, IOTA and to some degree EOS price action. Tron is moving within a consolidation and odds are it may remain so until after their full migration by end of this month. In the meantime though, we are net bullish for these coins under review. However, note this. This trade position would be invalid if we see bears pushing below our key support lines today or in subsequent sessions.

EOS Technical Analysis

Of course, Block One and EOS have been getting stick in one way or another more so after 360 revelations. But, overly that’s not the point. The thing is, EOS mainnet launch is nothing but a success and with the $1 billion crowd funding boost. We expect the project to move one as they bid to give Ethereum a challenge.

So, whenever we see solid news of EOS being listed at different exchanges, EOS holders should find a reason to smile. After all, every exchange listing brings with it strong demand courtesy of that extra exposure to supporters and investors. Just recently, Tether announced their support for EOS and the results have been profound to say the least. Within hours, EOS/USDT trading volumes accounted for 20 percent of all the USDT pairs only superseded by BTC/USDT. This is surely good for prices and we should see some movements in the coming days.

On to the charts and mainnet launch candlestick is definitely influencing price action. If anything that strong bullish engulfing pattern we saw on June 2 defines our short term support and resistance. We still retain a bullish skew and ultimately look to trade in the direction of June 2 defined trend. Because of this, finding points of undervaluation in lower time frame should be the right approach. So far, especially after June 5 rejection of lower prices and the follow through yesterday, EOS buyers can begin loading their long positions at current prices as they eye $23 EOS ATHs. In this regard, ideal and safe stops should be at $12, that’s just below June 2 lows.

Tron (TRX) Price Technical Analysis

The FX market is indisputably the largest market in the world and Tron through the leadership of Justin Sun wants to “bridge the gap” between the FX and cryptocurrencies. By partnering with Shift Markets, a platform that has come to the aid of more than 100 firms seeking to offer brokerage services, Tron Foundation are showing their intentions. Not only will this services draw extra demand for Tron (TRX), but the move will generally boost the whole crypto market because of that crossover factor.

A look at the charts points to a consolidating market and this means we remain neutral until after we see break above or below key levels. From these technical set ups we can see strong support at around 5.5 cents, that’s at June 1 low. In the meantime, a break above 7.5 cents would be ideal for buyers to enter based on our analysis. Then the influence of May 28 bear candlestick, which as it is could set the pace for further bear pressure, cannot be overstated. On the flip side, aggressive traders can begin loading their longs once prices edge above this seven day consolidation at 6.5 cents.

IOTA (IOT) Price Technical Analysis

Not a week passes without news of positive developments not only from the IOTA Foundation but from the development team. IOTA lead developers are hard at work and they can show of their recent milestones as Trinity updates and a couple of other features. What stands out though is Qubic.

Analysts say this is revolutionary and yes, Qubic can easily handle 51 percent attacks which Ethereum’s shards would need massive computational power to do so. In essence, what Qubic does is bring onboard benefits of smart contracts, computational distribution and oracles to IOTA all for free. Besides, they are solid plans to allow tokenization meaning in the future the IOTA platform would not only be extremely scalable but would allow for token generation just like Ethereum.

This is bullish for IOTA and even if there is a minor correction of prices, chances are IOTA shall bounce back. If we analyze the daily chart then we note that $1.6 is a strong support line and the past six bear candlesticks are nothing but long coverings. We can pick out that from the level of market participation over that period of days and compare them to the average from May 28 to June 1. The former pales in comparison and that’s why I recommend buying on dips if not at current prices and targeting first $2.2 and later $3.

NEO Technical Analysis

Ultimately of any open source blockchain network depends on adoption and the pace of development. If there is no developments, then coders would shy off. In light of this reality, NEO and Ontology shall collaborate towards advancement of the NEO blockchain from both the strategic and development front. They shall, going forward, work together in creating a smart contract ecosystem and standardizing smart contracts. So as to achieve a smart contract ecosystem, a NEO Virtual Machine and NEO Contract are some of the initiatives that this team have in the pipeline. Both of them shall be built on the NEO blockchain.

Despite low prices and more than 80 percent depreciation from April highs, we are seeing higher highs. Check out April and May lows in case you want clarity. Then again, last month’s market participation was pretty much low helping us conclude that NEO prices are bottoming out. I’m net bullish and while we can buy at current prices, I recommend patience until after bulls close above June 3 highs at around $60. Afterwards, we can take longs and place stops below June 5 lows at $50. Ideal bull targets lies at $100 or April highs.

DASH Technical Analysis

Market moving DASH news are scarce but that doesn’t mean there aren’t any. Well, you can buy your DASH at RobinHood LLC, a cryptocurrency exchange. They are now available in eight US states of which New Mexico and California residents can enjoy their services.

While at it, they can decide to buy DASH at current prices. At least this is what our DASH technical analysis points at. Note that after May’s retracement, we saw a 100 percent recovery of April gains after DASH found support at around $280. After that double bottoms and a double bar bull reversal pattern, buyers seems to be increasing their momentum.

For trend continuation, I recommend buying above $340 or June 3 highs. In that case, stops should be at June 5 lows at $300 while buy targets would be at $570. On the flip side and assuming prices tank below $280, then our long projection would be invalid.

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Crypto Price Analysis (BTC, ETH, XRP, EOS, BCH): June 6, 2018

Even though we have been seeing series of lower lows in our charts, odds of prices recovering and aligning with last week’s bullish trend remains high.

We already seeing pockets of buy pressure in lower time frames especially in EOS and to some degree Ripple. Remember, EOS had their mainnet launch last week and solely because of that up-thrust, we may see buyers adding on to their longs today.

Bitcoin (BTC) Price Technical Analysis

There is a changing tide sweeping through Indonesia going by recent announcements. In an unexpected twist of events, the country’s Futures Exchange Supervisory Board (Bappepti) lifted the veil of uncertainty by classifying cryptocurrencies as commodities.

This is indeed a reprieve to Bitcoin traders and businesses who had to contend with losses following tough laws in the aftermath of cryptocurrency ban sometimes back in December 2017. With this new directive, exchanges would be required to submit proposals on how what they offer their customers and their respective trading hours.

That’s not all, traders and especially exchanges would have to comply with new regulations from the taxation department, the Counter terrorism unit and a host of other bodies who oversee investors’ interest.

In the last 24 hours, Bitcoin prices faced some headwinds sliding three percent but still trending in the green on week over week basis.

Despite sell pressure following June 4 double bar bear reversal pattern and the consequent confirmation yesterday, we shall remain bullish expecting prices to edge higher in days to come.

This assertion is based on last week’s bullish reversal clear in the weekly chart directs looking for buys opportunities in lower time frames including the 4HR chart.

In this regard, conservatives can fine tune their entries in the 4HR chart while those trading in the daily chart can wait for Bitcoin prices to print above $7,800. Before that happens, it’s better to stay neutral because any break below $7,000 invalidates our bullish projection.

Ethereum (ETH) Price Technical Analysis

It’s true that when a project has a figure head things are easier. We cannot say the same about Bitcoin which is very democratic and has no one leader in charge. Vitalik calls the shot in Ethereum but when we check other metrics like the level of decentralization, Ethereum is not badly off.

Yes, expect exchanges to hold the majority of coins because traders often move their coins from one point to another. Statistics shows that 10 percent of all ETH in supply is held by the top 10 addresses in their respective cold wallets. That includes EOS which recently concluded their ICO.

Price wise, we can see a little bit of correlation with BTC. As such, like the former, I recommend zooming in to the 4HR chart and searching for buy opportunities. All this is regardless of the bear pressure we have been seeing in the last two days threatening to reverse last week’s gains. In my view, all we need is a push above $650 or May 23 bear candlestick.

When that happens conservatives can begin buying. On the flip side though and trading with the trend set last week, Ethereum buyers can begin loading their longs once there is a push and close above June 3 highs. That’s around $630. Stops would be at $550.

Ripple (XRP) Price Technical Analysis

Part of Ripple and cryptocurrency success relies heavily on education. Common people need to understand that cryptocurrencies are not bad as the media portrays and that some technologies like Ripple are extremely beneficial when they want to move money across the border. In their bid to educate the masses, Ripple-like EOS-are partnering with reputable universities in the world in an initiative dubbed University Blockchain Research Initiative [UBRI].

Already, 17 universities would benefit from the $50 million kitty set aside by Ripple. Their objective is simple: Accelerate research in universities and develop technical skills and innovation within the blockchain realm.

Trading with the trend can be the best approach if we need to profit. While we have been seeing lower lows in the past two days, chances are Ripple prices might appreciate and break above 70 cents.

Note that our support is at 60 cents and that’s where XRP traders are rejecting lower lows as yesterday’s candlestick shows. Because of this, traders can either buy at current prices or what for an up-thrust above June 4 highs before initiating longs. In that case safe stops should be at 60 cents in both approaches.

Ripple (XRP) Daily Price Forecast – June 5

Bitcoin Cash (BCH) Price Technical Analysis

After Colombia’s Bitex, Roger Ver, a Bitcoin Cash supporter and investor said Bitcoin Cash is perfect as medium of exchange. In an interview, Roger Ver said real adoption is when every convenience store accepts Bitcoin Cash.

That’s what he aims to bring to Japanese adopters because they would make payment using BCH in the coming days. Of course moves like these are beneficial for prices and apart from recent declines, prices are likely to bounce back today.

Notice that BCH is down six percent in the last 24 hours but up 20 percent in the last week meaning there is more room for an upside. In that case therefore, any further depreciation of BCH and we expect to see support at $950. That’s the neck line of last week’s higher highs and is a key inflection point.

If sell pressure is not that strong then any reversal above $1250 with volume spikes would usher in buy pressure. As such, our buy targets remain at $1800 while we shall fix safe stops at $950 or $835 on the lower end.

EOS Price Technical Analysis

According to recent statistics, the top 10 EOS holders control more than 50 percent of all the coins in circulation. This raises distribution concerns that EOS as always been advocating for.

On the daily chart, our analysis shall anchor on June 2 bullish engulfing candlestick. That candlestick points to buyers taking charge and that’s should be our lead. Already in the 4HR chart, EOS buyers are rejecting lower lows and I recommend loading longs with stops at $12 and targets at $23.

Crypto Price Analysis (BTC,BCH): June 3, 2018

Both Bitcoin and Bitcoin cash are gearing up for a bullish rally against paths of resistance and a bearish market in Mid-May.

Bitcoin (BTC) Coin Price Watch

Bitcoin currently is challenging its lower resistance level of $7,490 roughly. But it has all the potential to break away from this lower level to reach highs not seen for a while.

Developments in locations such as South Korea, with their top court formally recognising Cryptocurrencies as an ‘Asset with a measurable value'. It's believed that Bitcoin has all the potential to move away from the $7,600 mark and breach $12,500 with trading in early-June.

With Bitcoin sitting at its current value, investors would be wise to buy now for a much-awaited break upwards.

Bitcoin Cash (BCH) Short Term and Long Term Outlooks

Bitcoin Cash has made some significant progress over the past few months. Moving from a level of inactivity during its life-span, but has exploded onto the scene, reaching highs of just under $1,800.

Starting off its life as a hard-fork away from the larger bitcoin, it's unknown whether BCH will emerge as a direct rival to BTC. But its future remains an exciting one to observe and get involved in.

One thing that may guarantee Bitcoin remains dominant in the Cryptocurrency world are the legions of supporters that resolutely stand behind it. But should it remain the number one crypto, it would be abnormal when compared with other areas such as technology; with companies winning and losing against rivals constantly.

For investors, however, BCH is the better option for returns, this is simply due to the fact that while Bitcoin has demonstrated exceptional volatility, Cash remains a strong investment choice for those that invested early on.

When it emerged from Bitcoin's hard fork, it was valued at just over $200 compared to Bitcoin's $2,500. Since then, even with the bearish markets in January and February, Cash has remained in a bullish state for early buyers.

At $1,043 in trading so far, Bitcoin Cash is still churning out exceptional profits for early adopters of the coin. While Bitcoin has the appeal of popular opinion, Bitcoin Cash demonstrates itself as an exciting investment prospect by comparison.

Author: BitExGuide

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Crypto Price Analysis (BTC, ETH, XRP, EOS, LTC): May 24, 2018

As Bitcoin sell off continues, alt coins are following suit. Of all coins, EOS should be finding support mainly because of a fundamental even in the next few days but that is not the case.

Yes, weekly losses are moderate when compared to IOTA or Bitcoin Cash for example-all in the top 10 but still, the down trend is completely contrarian. After that bear break below key supports, Bitcoin and Ethereum prices might go on and test $6,600 and $650 respectively.

Bitcoin (BTC) Price Analysis

There is a big hindrance for Bitcoin and cryptocurrency adoption in general: Volatility. And yes, if you want to have a feel of what price swings are, then consider the mega oscillations we saw between December 2017 and this month for example. Most coins are down 80 percent from their ATHs and this is what scares investors who would otherwise love to store value in cryptos but not anymore.

With the review and watering down of Volcker Rule that prohibits banks from gambling with deposit funds, a foundation for a paradigm shift is forming according to a report from Weiss Ratings. Remember, unlike banks, everything is done transparently in blockchain but with this rule change, investors are left exposed.  Obviously, this is not good because it would be easier for banks to “play” with user funds without their knowledge.

Consequently, Weiss Ratings expect more people to shift their funds to a trustless system which is much safer, monitored and transparent.

While this is happening, there is a coincidence in the daily chart of Bitcoin price action. Like we can see, prices are down three percent in the last 24 hours with climactic sell volumes in the 4HR chart. This is definitely a reprieve. However, sellers are still trending below the $7,800 mark making this a clear sell signal after yesterday’s bear candlestick.

There are some marked characteristics that would render this a sell trade or a bullish reversal. It entirely depends on what happens today. In my part, I would love to see higher highs and rejection of sell pressure meaning a bull candlestick would be suitable for us to recalibrate our view.

If not, and today ends bearish, search for selling opportunities and eye $6,600.

Ethereum (ETH) Price Analysis

Techies love features and Circle is solving this. Circle, the owner of Poloniex exchange, backed by Goldman Sachs seems to be after traders would love to go all in and buy several coins simultaneously. The new feature, Buy the Market, is not a market fund but a tool that tags simplicity with it. Instead of a user manually buying coins, all they have to do is create a portfolio of up-to seven coins including Ethereum. He needs to fund his account and distribution of coin sizes will be done automatically depending on the coin’s market cap whenever he clicks “Buy”.

Like Bitcoin, Ethereum has a reprieve and still in the green territory as I type this. There was a rapid depreciation in the 4HR chart but then prices are inching higher meaning ETH is finding support. Now, the thing is. Should buyers help float ETH prices above May 23 highs at $650 today then I would recommend buying on dips tomorrow. If not, then we should sell in the direction of the trend.

Ripple (XRP) Price Analysis

Banks have always had their say from bank immemorial but with innovative technologies giving them a run for their money, they must surely adapt. Ripple is one reliable gate-away for their predicaments and not only would they be transacting in a secure environment, but lag time would be unheard of especially if Cobalt is implemented.

Initially we were net bullish expecting Ripple support to find support at around 60 cents but the slice through them has been astounding. From a two point approach, yesterday’s bearish candlestick was accompanied by high volumes and today there might be a follow through. In that case, sellers should aim for 40 cents, the lower limit of a consolidation as the chart shows. There is also the recent news of Ripple and Apple partnership in the near future that could change the outlook for the XRP coin.

EOS Price Analysis

Other than the general bear market sentiment, we can tie this depreciation in EOS to the general Bitcoin sell off. As long as Bitcoin slide, EOS will register losses and sooner or later print $7.5. This is despite the EOS mainnet launch coming in less than one week and yes, still people are finding it difficult to move their EOS from exchanges to their hard wallets.

Doing so without clear MEW steps is proving challenging and this might not be supportive of EOS in the long run. At the end of the day, we all know that EOS is much more than what many people believe. With the ability to stake on the platform, develop an app and get back your EOS tokens when the app fails is just but awesome. This is what gives it an edge and the more prices slide the more opportunities open up.

As it is sellers are in charge and following yesterday’s bearish candlestick breaking below main support at $13, EOS sellers are confirming it. I recommend sells in lower time frames with targets at $10 and $7.5 in the coming days.

Litecoin (LTC) Price Analysis

One impressive thing about Litecoin Foundation and Charlie Lee is their drive for Litecoin adoption. They are simply building on the core objective of cryptocurrencies as set out by Satoshi and Bitcoin. That of allowing cryptocurrencies cut off intermediaries and allow cheap transactions. Aliant Payment are doing that and with their partnership with iPayment INC, Litecoin would be exposed to more liquidity and demand which might help support tumbling prices.

Our trade plan is simple: Look for selling opportunities in lower time frames and aim for $110 and later $90. It’s that simple and by trading in those lines, you shall be aligning yourself with the existing trend now that sellers pushed prices below our main support line at $130 on May 22.

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Crypto Price Analysis (DASH, XMR, XLM, TRX, LTC): May 21, 2018

If using the weekends price action, indicators point to prices moving higher today. Most of the top ten altcoins in the liquidity table are now in the green in the last 24 hours.

We should generally watch how prices oscillate going forward and any surge should be pointers of trend continuation or reversal in line with our trade plan.

Let’s take a look at these charts below to see how things are unfolding:

DASH/USD (DASH)

Week over week, DASH is down five percent in the last week alone. While there are hopes for possible price recovery despite Japanese regulator FSA forcing Coincheck to drop or delist privacy centric coins of which DASH is one of them, DASH prices are finding support.

It’s obvious that bears are in charge and our trade plan is simple. If sellers manage to push prices below May 18 lows at $370 and instead a bull candlestick prints today, then buyers can ramp up their longs and aim for $560. That’s April 24 highs. On the flip side, if there is a sell trigger accompanied by high volumes, then $280 looks good for sellers.

 XMR/USD (Monero)

A while back CoinCheck was hacked and a reported $530 million in NEM stolen making it the biggest coin heist in the world. Of course, the amount which investors lost was a shock but luckily every one affected accounts were reimbursed. As a follow up, Coincheck shall delist Monero and a couple of other privacy coins by June 18, 2018. As such, customers are asked to transfer their coin holding to third party wallets or other exchanges lest their coins liquidated to the Japanese Yen and credited to their respective accounts. This is simply a reaction forced to do so the FSA and already Coincheck explained to their customers saying this was due to “review in businesses practice” and they won’t be working “coins that were of little concern”.

If we really want to see how Monero have been performing then we should check May 11 candlestick. There we had a strong bear candlestick syncing with the bearish trend and afterwards, the market went into a consolidation. This is a sign of exhaustion and a potential mid range accumulation or distribution. In line with this, Monero buyers can only take longs when prices move past May 15 short covering highs at $220. Well, because of that bull candlestick on May 18 marked with strong volumes, risk off traders can take buy with stops at $180 or May 18 lows.

XLM/USD (Stellar Lumens)

Apparently, IBM is the biggest fan of Stellar Lumens and XLM. As a matter of fact, they are now using their systems for their cross border transfer and payment system in seven south East Asian countries bringing the limelight and demand for Stellar Lumens. So it came as no surprise that Jesse Lund asserted, clarifying that their relationship with IBM has never being stronger that it is.

The significance of 30 cents is clear on this chart and should be the basis of our analysis. At this level, Stellar Lumens buyers are rejecting lower prices evident by May 18 bull candlestick and the consequent higher highs. Indeed, trading ranges are tight and indicative of supply-demand push shove. I will only trade when prices are above May 17 high low. That places my bull triggers at 35 cents with stops at 28 cents. 28 cents is just below May 11 lows and the lower limit of our trade range.

LTC/USD (Litecoin)

Retail adoption is what Litecoin Foundation and Charlie Lee are angling for. Retailers and merchants are individuals who would eventually make Litecoin (LTC) a true medium of exchange rivaling Bitcoin and other similar cryptocurrencies. So, when TapJet twitted that they had identified three cryptocurrencies that they think can be used by the company as a payment method, we expected competition to be stiff. Ripple and DogeCoin were competitors and even though Ripple were accused of casting fake votes, Litecoin and Ripple were selected as official coins to be used by the private jet booking app.

Common with all coins, crypto prices are exhibiting signs of bear trend exhaustions as bulls test their strength. It’s no exception in Litecoin where bulls are somehow leveraging on a spring board at $130 following periods of lower lows and a double bottom. Going forward, I anticipate a bullish claw with reasonable buy triggers at $140 and stops at $125. Bull targets should be at $180.

TRX/USD (Tron)

Following their website revamp, Tron community members are chipping in showing their desire to make Tron a success. It’s just four days before Tron Virtual Machine (TVM) launch all happening on May 25 and before then a marketing campaign that brought success to Tron last year is underway. As Tron gears up for the mainnet launch on June 21, a new wallet OpenSource DApp, a brainchild of Project Genesis and developed by a 19 year old German programmer is now available. According to Tron, this wallet has an easy UX, is multifunctional, safe and specifically designed for the Tron network complete with offline signing mechanism and cold or hot switches.

Technically, May 11 candlestick should define Tron price action. It can either mean there is an exhaustion of bear trend now that Tron prices switched into a range mode or the beginning of a new wave of higher highs. We can analyze from both ends but because of yesterday’s bullish candlestick accompanied by high volumes pushing through resistance at 7.5 cents, we can say buyers are in a better position to buy with low risks and high reward. Ideal buy target is at 10 cents.

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Crypto Price Analysis (BTC, BCH, ETH ,XRP, EOS): May 21, 2018

There are indications that prices might move higher today if weekend’s price action is anything to go by. After all, in the last 24 hours alone, most altcoins in the top 10 of our liquidity table are in the green. We should generally watch how prices oscillate going forward and any surge should be pointers of trend continuation or reversal in line with our trade plan.

Let’s look at these charts:

 BTC/USD (Bitcoin)

The US Internal Revenue Service (IRS) has “long arms”, quite literally and playing by the rules if what is happening to BitFinex customers is anything to go by. Well, the recent announcement is a nightmare for BitFinex day traders because according to the exchange’s requirements, they are supposed to declare their tax information in line with the British Virgin Islands new tax law and the US Foreign Account Tax compliance Act (FATCA). In a nut shell, this obligation is part of a Know your Customer (KYC) rule and Americans with accounts at BitFinex must comply.

While we are net bearish, recent price movements seems to be building inertia for a potential uptrend. We can begin dissecting this from May 18 candlestick. That was three days ago and then, bears were in charge till that candlestick printed rejecting lower lows. Notice the high volumes and the follow through with tight price ranges. Based on this, loading longs on every dip with safe stops at $7800 can be a good trade strategy. Potential bull targets lie at $10,000.

ETH/USD (Ethereum)

There was a little bit of excitement at the WeAreDevelopers Conference when Steve Wozniak said Ethereum has some similarities with Apple especially when they (Apple) were starting out. Contrary to popular assertions, Steve is the brain behind the Apple brand. Yes for sure, many consider Bitcoin as Digital Gold but Ethereum is turning out as a preferred digitization platform all thanks to their ingenious smart contracts. Steve Wozniak said Ethereum shall eventually open up the world for millions of smart individuals and provide value.

Obviously, Ethereum and Bitcoin do have a positive correlation. Notice those dips and higher highs syncing with BTC prices after May 18. Like BTC, ETH prices are moving higher and should we see up-thrusts today then we can initiate longs with targets first at $830 and later $930 or February 18 highs. In that case ideal stops should be at $630 or May 12 lows. On the other hand conservatives could find value at $740. Of course that depends on if momentum would be high enough to cement our bull pressure expectations.

XRP/USD (Ripple)

The month of May was eventful for the driver of cross border money service provider, Ripple. Even though there were elements of FUDs, their positive announcement on the development front, partnerships and updates on their core products carried the day. RippleNet got a thrust past the beta stage with an update while xRapid showed the power of speed and its relationship with cost savings. In a pilot program, xRapid said companies who adopt their services would see a 40 percent to 70 percent reduction in costs. Whether this would spur companies to subscribe to xRapid or not we are yet to see.

Despite the obvious benefits investors see in Ripple, buyers didn’t have enough impetus to reverse recent losses. Week over weeks, Ripple is down two percent but the cool thing is that buyers are now beginning to soak this sell pressure as they reject lower prices past 60 cents.  Considering this, jumping right away before confirmation is risky and patience would be the only safe move today. Our buy triggers are at May 14 highs of 75 cents and only until then, we should be hold a neutral bias. However, aggressive traders can load up with any undervaluation in lower time frames and with bull targets at $1. As it is, safe stops should be at 60 cents.

BCH/USD (Bitcoin Cash)

Last week Bitcoin Cash upgraded their network through a hard fork which saw the size of their block increasing from 8MB to 32MB. Yes, that’s pretty impressive and goes on to show how there is no politics at Bitcoin Cash development camp. Now, there is a thorny issue here. Was this upgrade really necessary? Remember, the network currently processes an average 40kbps block size with a ball park 40,000 daily transactions. The team gave and clarified that there won’t start processing the 32MB blocks right away contrary to the propaganda going around. Instead, the block size hike would give them ample time to adjust when future block sizes approaches this limit.

Technically, there are some pretty nice developments panning out on Bitcoin Cash. We can root this to May 18 rejection of lower lows despite high volumes and the consequent short covering on May 19. After yesterdays bull candlestick BCH buyers can ramp up their positions and aim for $1600 and recent highs at $1850.

EOS/USD (EOS)

I mean guys, Vitalik and Dan Larimer are on the eyes of readers “sworn” enemies but really, these guys are cogs that the crypto world need. In my view, assuming EOS was some sort of a flash in a hot pan, Vitalik won’t have reviewed EOS code at GitHub. EOS is a platform that promises to give Ethereum a run for their money so when your future competitor goes through your work then you better know that it’s serious stuff you are working on. EOS is undoubtedly building momentum and right after snatching Australian banker, the potential of EOS remains a source of excitement for many. Near zero fees, multiple chains ability, interest alignment between block producers and coin holders and many more are some of the benefits that one gets with EOS.

Many analyst say EOS is a market leader and if we replay weekend events, that statement is true. Notice those series of higher highs, a bullish series rejecting lows at $13 and bidding past May 17 highs of $14 where EOS price action finds themselves at. Considering previous developments, this is what we expect to happen in the run up to mainnet launch on June 2. The overall sentiment looks good so buying at current valuation won’t be a bad idea.

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Crypto Price Analysis (BTC, BCH, ETH): April 25, 2018

Since the start of the week, most of the largest digital currencies have broken out from their broad declining trends, as the total value of the segment is now more than 50% above the level around the correction low. Some of the major coins also confirmed new short-term uptrends. In this review, we’ll have a look at the performance three major cryptocurrencies.

 BTC/USD Chart Analysis

The broad picture of the whole market is still looking positive, with only Bitcoin’s weakness causing headaches for crypto bulls, as the most valuable coin is hovering close to declining trendline that dominated trading throughout the first quarter of the year.

Huge resistance is still just ahead between $9000-$9200, with further levels at $10,000 and $11,300, while support is found near $8400, $7650, and in the $6150-$6250 zone. We have already tried 3 times to go through that zone of confluence resistance, but 3 times have the bears rejected the bulls.

It seems there are possibilities for more bullish trends. We can obviously predict that the Bulls want to make that 5th wave extension to around $9,400+. Even though the RSI is almost overbought, the ascending wedge still indicates a bearish pattern, which normally predicts a downward trend pattern. Under normal circumstances, we would go down from here.

With the EW-structure finishing with huge extensions on the 3rd and 5th wave, high RSI, MACD showing signs of the becoming weaker, and having very strong resistance above. The next target would probably be around 8,5oo to 8,400 USD, which probably would be the end of the first Wave.

Since a clear-cut direction cannot be fully guaranteed, for now, we advise no positions should be entered yet, except for the professional traders. Also, leveraging in this kind of market condition can be extremely risky. We, therefore, advise not to leverage in this market condition.

However, despite the short-term weakness, BTC is still among the stronger majors from a long-term perspective, and with the secular uptrend clearly being intact, long-term investors should hold on to their coins and add to their holdings on the short-term pullbacks.

ETH/USD Chart Analysis

Ethereum built upon its recent relative strength, the coin broke out convincingly above the declining trendline, and reached the next key resistance zone between $625 and $640 before the momentum of the move stalled. We expect a downward trend movement. But, considering the volatility of the crypto-market, if it breaks above that zone it will be very bullish indeed.

While there are still several strong zones ahead, with the closest ones near $725 and $845, barring a quick move back below the declining trendline, it is expected to continue the advance.

With the long-term MACD still just in neutral territory, long-term investors could add to their holdings during short-term corrections, with key support levels at $500, $450, and $400. If you are still long, this is a good area to take some money off the table and throw a stop on the rest to lock in profits. We advise being very careful at this point, as it may be a region of no trading.

To be clear, we aren't just looking for it to move sideways to trigger a short position, we need some red candles to confirm it's going to start moving down where it “breaks” the trendline, and it doesn't just saunter by it. We will have to see how the sideways movement forms to determine if it's a bull flag, or simply getting ready for a lower move.

BCH/BTC Chart Analysis

Considering the recent trend that led to more than 10% increase in 24 hours experienced last week, leading to a whopping 37% increase in the last 7days, many fundamental indicators such as the recent Us taxpayer season have been attributed to the recent bullish trend of the coin against the BTC.

While many traders recoiled in fear as the cryptocurrency crash of the Q1 of this year drove down prices, the smart money was waiting on the sidelines for cheap prices on high performing markets. After watching BCH plummet by roughly 75% during the early months of 2018, many large buyers evidently began to accumulate.

From the initial break out pattern that also coincided with a falling wedge pattern, the BCH/BTC markets recently broke above, and then bounced off a broken a major descending trendline, signaling that trading BCH’s over the BTC may continue in the short term which shows a consecutive break out patterns on the smaller time frames that have provided opportunity to accumulate.  The BCH/BTC markets are also testing the 23.6% Fibonacci retracement area when measuring from the major resistance area of 0.25 BTC.

Note: The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Top Individual Altcoin Cryptocurrency Price Forecasts:

• Bitcoin (BTC) Price Prediction

• Ethereum (ETH) Price Prediction

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• Bitcoin Cash (BCH) Price Prediction

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