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CryptoPost

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  1. Daily Crypto News & Analysis

    ViaCoin VS Bitcoin Right At The Support ViaCoin finally managed to break above the descending channel signaling the potential beginning of a strong growth. VIA/BTC continues to trade above the 200 Moving Average while producing higher highs and higher lows. After hitting a 5 month high at 53k satoshi, it corrected down where it rejected the upper trendline of the descending channel. From this point, the uptrend should resume sending the price up to 116k satoshi. At this price strong resistance can be found, confirmed with two retracement levels, 827.2% Fibs applied to the corrective wave after the channel breakout, and 141.4% Fibs applied to the corrective wave down started back in June 2017. Only break and close below 25k satoshi support could invalidate bullish outlook. Source: http://cryptopost.com/viacoin-vs-bitcoin-right-at-the-support/
  2. Daily Crypto News & Analysis

    PowerLedger VS Bitcoin New All-Time High? PowerLedge started an uptrend after it tested 2600 satoshi low on the 8th of December. Price consistently went higher producing higher highs and higher lows. POWR/BTC even managed to break above the previous all-time high at 11.8k satoshi reaching a new high at 14.2k satoshi. On a corrective wave down it rejected the previous resistance at 7600sat, that has been acting as a support. Yesterday PowerLedge once again attempted to break below this resistance but failed as it only managed to produce the spikes that went lower, but no definitive breakout has been recorded. Not to mention, that price rejected the 4/1 Gann Fan trendline. This could suggest that POWR/BTC might continue going higher where the next upside target is seen at 15.5k sats. Break above that resistance should confirm further strength and should send it much higher, therefore that level should be watched closely. On a downside note, only a break and close below the 6.4k sats could invalidate bullish outlook. Source: http://cryptopost.com/powerledger-vs-bitcoin-new-all-time-high/
  3. Daily Crypto News & Analysis

    NavCoin To Form Double Top? NavCoin is clearly trending upwards while printing higher lows and higher highs. NAV/BTC gained 300% over Bitcoin in just under a week, rising from 8.6k up to 33.8k satoshi. The corrective wave down followed, and the price dropped to the 22.7k satoshi. This is the key support for NavCoin as multiple supports were rejected. First is the previous low established just before the last wave up. Second is the downtrend trendline and third is the 3/1 Gann Fan trendline. The support is strong and should result in at least one wave up towards the previous high at 33.8k satoshi. On the downside, only a daily break and close below 22.7k level could result in further correction down. Source: http://cryptopost.com/navcoin-to-form-double-top/
  4. Daily Crypto News & Analysis

    Ionomy Might Grow 10 Times Following the previous idea on Ionomy, it has reached the upside target at $3 and broke above it, reaching the $5 high. Then price corrected sharply down to the previous resistance at $2, which now is acting as a support. At the same time, ION/USD is testing the uptrend trendline and the 200 Moving Average. This is indeed a very strong support for Ionomy which could result in rejection and the continuation of the uptrend. If support will be rejected, the next wave up could reach the previous high at $5. Breaking above that resistance would accelerate Ionomy growth and send the price up to $12 resistance, confirmed by two Fibonacci retracement levels. Source: http://cryptopost.com/ionomy-might-grow-10-times/
  5. Daily Crypto News & Analysis

    Global Currency Reserve VS Bitcoin Has Potential GCR Coin found the support at 550 satoshi and then broke above the 200 Moving Average reaching 4580 satoshi level. Price then corrected back sharply and tested 1250 satoshi support for two times, failing to break below. The following wave up resulted in the rejection of the downtrend trendline and price yet again moved down, and currently is testing 200 Moving Average. At this point picture remains unclear as for GCR/BTC to move higher it must break the downtrend trendline. At the same time, GCR is very close to the support where buyers could start coming in pushing price higher. While currently, GCR remains a risky coin to purchase it could reward aggressive investors in the short to medium term. But to stay conservative perhaps it is better to wait for the trendline breakout. The upside target and first strong resistance is seen at 6640 satoshi, where two Fibonacci retracement levels are inline with each other. First is 50% retracement and second is 161.8% Fibs applied to the corrective wave down after the breakout of 200 MA. Only break and close below 500 satoshi could invalidate bullish outlook. Source: http://cryptopost.com/global-currency-reserve-vs-bitcoin-has-potential/
  6. Daily Crypto News & Analysis

    Namecoin Could Double In USD Value Following the previous ide on Namecoin, it has reached the upside target at $5, corrected back and then went up to $8.4, breaking the resistance. The corrective wave down followed where price corrected back to the previous resistance area near $5. This could be a potential starting point for the next wave up that could reach $10 mark that is confirmed by two Fibonacci retracement levels, 327.2% and 1227.2% as per previous analysis. Source: http://cryptopost.com/namecoin-could-double-in-usd-value/
  7. Daily Crypto News & Analysis

    Factom VS Bitcoin Still An Uptrend Factom is clearly trending upwards although currently, it has entered the stage of a short to medium term consolidation. Since 1st of January, FCT/BTC continue to range between btc 0.005 and 0.0035. At the same time price broke above the downtrend trendline and for the second time it returned to the point of breakout, that is btc 0.004. Today Factom rejected the 200 Moving Average and the 2/1 Gann Fan trendline. This could suggest the uptrend continuation from this point onwards, nevertheless, consolidation could extend a little further. The upside target is seen at 127.2% Fibonacci retracement that is btc 0.006, this price level should act as a key resistance showing further intentions of the Factom. Source: http://cryptopost.com/factom-vs-bitcoin-still-an-uptrend/
  8. Daily Crypto News & Analysis

    Expanse Range Following the previous idea on Expanse, it has reached the upside target at $4.5 and broke much higher, testing $9.6 where it found a strong resistance confirmed by two Fibonacci retracement levels. After rejecting the resistance, EXP/USD corrected down sharply and went as low as $4.8, losing 50% to USD in just over a week. Currently, Expanse is facing a strong support between $4.6 and $5.0 which could result in rejection and then uptrend continuation or another wave up towards the $9.6 resistance. The support level should be watched closely as a daily break and close below could result in further decline towards 200 Moving Average. However, at this point it does not look like a trend reversal is taking place, but rather a consolidation. Only a break above the $10 psychological resistance should result in a long-term uptrend. Source: http://cryptopost.com/expanse-is-expanding/
  9. Daily Crypto News & Analysis

    Wings – Upcoming Wave Up? Following the previous idea on Wings, it has reached the upside target at $2.3, although there was no clean bounce and price spiked higher, testing $2.66 mark. The resistance at $2.3 is strong but in order for Wings to reverse, it should provide a clean bounce of that resistance first. The support at 161.8% Fibonacci retracement, that is $1.42, is being rejected and if it holds we are likely to see the next wave up very soon. The first target is obviously $2.3, but if broken next target would be at $3.4, that is inline with two Fibonacci retracement levels. In the worst case scenario, at this point. price could return back to the 200 Moving Average or even back to the downtrend trendline, but in any case, the uptrend is likely to resume at some point, going to the new all-time high. Source: http://cryptopost.com/wings-upcoming-wave-up/
  10. Daily Crypto News & Analysis

    Gulden Breaks Above The Channel Gulden found the bottom at 500 satoshi and started to move higher breaking above the 200 Moving Average. After the breakout price corrected back and rejected both the 200 MA and the uptrend trendline. The next wave up followed and NLG/BTC broke above the descending channel suggesting the uptrend has started. Considering that the price was rising sharply it is possible that Gulden will take a break and consolidate for a little while, but the immediate uptrend continuation is also possible especially after price rejected the upper trendline of the descending channel. The first target is seen at 6k satoshi, that is 38.2% Fibonacci retracement applied through the all-time high. The second target is 7.7k satoshi that is 50% Fibs that goes inline with a 361.8% retracement level of the Fibs applied to the last corrective wave down. Only break and close 500 satoshi could invalidate bullish outlook. Source: http://cryptopost.com/gulden-breaks-above-the-channel/
  11. Daily Crypto News & Analysis

    CapriCoin Broke Above The Resistance Following the previous idea on CapriCoin, price broke above the strong resistance, indicating the validity of the uptrend. After the breakout price reached 18k satoshi high and then corrected back to 12k satoshi, where it is currently trading. CPC/BTC is right in the support area, that is between 12 and 13k satoshi. At the same time it is right at the 2/1 Gann Fann trendline and from this point onwards uptrend could continue. The first strong resistance is at 20k satoshi, that is 227.2% Fibonacci retracement applied to the corrective wave after the 200 Moving Average breakout. Second resistance is 88.6% Fibs, that is 25k satoshi. Nevertheless consolidation period is also possible prior to the uptrend continuation. In this case CapriCoin could go back to the major support area at 7k satoshi, but only break and close below that level could invalidate bullish outlook. Source: http://cryptopost.com/capricoin-broke-above-the-resistance/
  12. Daily Crypto News & Analysis

    ByteBall Taking Over Bitcoin ByteBall has been trending downwards since July 2017 and was stopped at BTC 0.012 after it lost almost 100% to Bitcoin. The RSI indicator formed a bullish divergence and from BTC 0.012 support GBYTE/BTC started to rise and broke an extremely strong resistance at BTC 0.04. The corrective wave followed and the previous resistance at 0.04 has been acting as a support, the price simply failed to go lower. Today ByteBall has broken above the previous high at BTC 0.06, confirming the beginning of an uptrend. The potential upside targets could be one of the Fibonacci retracement levels, either 38.2%, 50% or 61.8%. Only break and close below the BTC 0.012 support could invalidate bullish outlook. Source: http://cryptopost.com/byteball-taking-over-bitcoin/
  13. Daily Crypto News & Analysis

    Monaco Coin Could Grow Over 300% Following the previous idea on Monaco Coin, it broke above the range zone, that was between $5 and $10. After breaking above $10 major resistance area price reached $19 and corrected back to the $10 support that has been rejected. MCO/USD continued to trading within the $10-20 range where $10 was rejected twice. At the same time Monaco Coin continues to trade above the 200 Moving Average and at this point, the uptrend is likely to continue. Major resistance levels are at $56 and $63 which are inline with two Fibonacci retracement levels, this means that the gain of the potential wave up could be over 300%. Only break and close below the $5 support could invalidate bullish outlook. Source: http://cryptopost.com/monaco-coin-could-grow-over-300/
  14. Daily Crypto News & Analysis

    Steem VS Bitcoin Could Blast Anytime After finding the bottom at 8825 satoshi, Steem immediately started to rise breaking above the 200 Moving Average. After the correction and rejection of the 200 MA, STEEM/BTC continued going higher breaking above the descending channel and reaching 57k satoshi high on the 3rd of January. The corrective wave down followed, where Steem went down exactly to the price where the descending channel was broken and there 23.6% Fibonacci retracement level was rejected. This price action could suggest the continuation of the uptrend sending Steem up to the very strong resistance at 90k satoshi, where it could form a double top together with the high established back in June 2017. Only break and close below the 200 MA could invalidate bullish outlook. Source: http://cryptopost.com/steem-vs-bitcoin-could-blast-anytime/
  15. Daily Crypto News & Analysis

    Stellar Lumen Still Flying Lumen continues trending upwards while producing higher highs and higher lows. On the last wave up it produced an all-time high, hitting $0.97 and breaking above the 427.2% Fibonacci resistance level applied to the last wave where 200 Moving Average was rejected. Following corrective wave down resulted in the 60% decline and price went as low as $0.4, where 200 Moving Average was rejected once again. After, XLM/USD went up breaking the downtrend trendline suggesting that the uptrend is now likely to resume. The first strong resistance is seen at the $1.18 where two Fibonacci retracement levels are inline. Only a break and close below the 200 Moving Average could invalidate bullish outlook. Source: http://cryptopost.com/stellar-lumen-still-flying/
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