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CryptoPost

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  1. Expanse VS Bitcoin Possible Trend Reversal On the 12th of June, Expanse hit the low at 12.1k satoshis, after which price has consolidated for a little while and today finally broke above the descending channel, suggesting the potential corrective move up. EXP/BTC clearly closed above the descending channel and the 50 Moving Average at the same time. Now the price is likely to continue moving higher towards the strong resistance at 16.5k satoshis, that is 23.6% Fibonacci retracement level. This resistance could play the key role in further price development of the Expanse against the Bitcoin. Break above should confirm medium or even long term uptrend. Nevertheless, there will be one more obstacle to overcome, the 61.8% Fibs at 23.6k satoshis. All-in-all the buying opportunity seems to be there, especially for the long term investors as the risk reward ration is very attractive. This is because break and close below the 12.1k satoshis support would immediately invalidate bullish scenario, therefore limiting the risk to the minimum. Source: http://cryptopost.com/expanse-vs-bitcoin-possible-trend-reversal/ Telegram channel: https://t.me/cryptopost
  2. Bitcoin could be heading towards USD 9k Following the previous idea on Bitcoin, the 4/1 Gann Fan has been rejected, along with the 61.8% Fibonacci retracement level at $6170. BTC/USD started to move up and currently reached the 61.8% Fibs at $6550. This is a very strong resistance for Bitcoin, because it is also corresponds with the 200 Moving Average. In order for the uptrend to begin, price has to break and close above both, $61.8% Fib resistance and the 200 Moving Average on a daily time-frame. Break above should confirm Bitcoin bullish intention and could send the price up to the $8820 resistance, that is confirmed by two Fibonacci retracement levels and corresponds to the uptrend trendline. But, if the current resistance will hold, the consolidation could take place. BTC/USD could be trapped between $6170 and $6550 for some time. In this case break above the resistance or below the support would determine further Bitcoin direction. Source: http://cryptopost.com/bitcoin-could-be-heading-towards-usd-9k/ Telegram channel: https://t.me/cryptopost
  3. Monaco VS Bitcoin, How Far Down? On the 26th of June, Monaco coin has formed a strong bottom at 75k satoshis, after which price started to move up, resulting in a healthy 105% gain over the Bitcoin. MCO/BTC has reached the 154k satoshis high, after which a sharp correction down has begun. The question is; how far Monaco would correct down, and whether it is only a correction or a trend reversal? On a shorter timeframe it does look like a downtrend, although on the medium timeframe it still looks like a correctional move down. Price is very close to the strong psychological support, that is 100k satoshis level, and at the same time this is 61.8% Fibonacci retracement. Considering the fact that MCO broke below the lower trendline of the extended descending channel, price yet to move lower to hit 100k satoshis. At this stage consolidation could take place, but if the support is broken, the downtrend should continue towards 76.4% Fibs at 90k satoshis. But, if the support will hold, Monaco could start a very strong uprisal, which could push price above the 155k level. On the downside, if the 90k support will be broken, the downtrend might continue, where MCO will decline to 75k satoshis support. Source: http://cryptopost.com/monaco-vs-bitcoin-how-far-down/ Telegram channel: https://t.me/cryptopost
  4. Will Bitcoin Reverse, or Drop to $6k Again? Following the previous idea on the Bitcoin, price broke below the $6260 support and has reached the downside support at 61.8% Fibonacci that is $6170 area. Along with the Fibonacci support, 3/1 Gann Fan trendline has also been rejected. Yes, price spiked lower, but the hourly close remains above the support. While the hourly close stays above the $6128 low, Bitcoin could start to consolidate and/or correct to the upside. But still, it is too early to talk about the trend reversal on the short timeframe, and only break and close above the $6400 area could suggest further growth. On the other hand, if BTC/USD will break and close below the $6128, it will likely decline towards next support level at $6010, that is very close to the key psychological price – $6000. Source: http://cryptopost.com/will-bitcoin-reverse-or-drop-to-6k-again/ Telegram channel: https://t.me/cryptopost
  5. Numerai Might Outperform Bitcoin by 55% Yesterday Numerai has tested the low, hitting 81k satoshis. At the same time it found the support at 327.2% Fibonacci, applied to the corrective wave up after the uptrend trendline breakout. The support is at 85.6k satoshis, and althogh price spiked lower, closing price stayed above that level, suggesting the potential bottom. Although it might seem very risky to consider bying NMR/BTC, the risk/reward ration is very attractive. If the 81k satoshis support holds, price is likely to encrease towards the 38.2% Fibs, that is 140k satoshis. this level previously acted as the support as well as resistance, which once again could play the same role. When/if the resistance would be reached, NMR would gain 55% over the bitcoin, while if the 81k satoshis is broken, this would be only a 11% loss. Break below 81k satoshis, would certainly invalidate bullish outlook and is likely to result in a downtrend continuation. Source: http://cryptopost.com/numerai-might-outperform-bitcoin-by-55/
  6. MaidSafe VS Bitcoin 35% Growth Potential MaidSafe coin seem to have established an uptrend while continuously producing higher highs and higher lows. After MAID/BTC found the low at 2900 satoshis, price has been steadily rising. Price broke above the 327.2% Fibs and reached the high at 6780 satoshis. On the corrective wave down, price found the support at 4820 satoshis, where it has rejected the 3/1 Gann Fan trendline. Along with the trendline bounce, the 127.2% Fibs support has been rejected. At the same time the resistance has been formed at 5600 satoshis and currently, consolidation is taking place. However, break and close above the resistance should invite more buyers, that most likely will result in further growth. MAID could reach 7600 satoshis resistance area, that is confirmed by two Fibonacci retracement levels. If/when the upside resistance reached, Maid will gain 35% over the Bitcoin. And if the resistance is broken, more upside potential would become available. Source: http://cryptopost.com/maidsafe-vs-bitcoin-35-growth-potential/
  7. WaltonChain VS Bitcoin Approaching Key Resistance After WaltonChain hit the low at 9475 satoshis, on the 29th of June, price started to move up slowly, and broke above the descending channel and the 50 Moving Average. Nevertheless, the consolidation started, where WTC/BTC managed to produce higher highs, and failed to go below the established low. On a corrective move down, price did hit the 9700 satoshis, where it has rejected the 4/1 Gann Fan trendline, went up and yet again broke above the 50 Moving Average. Currently the MA is acting as the support, as well as the channel breakout level at 10744 satoshis. If this support holds, WTC should go higher, towards the 38.2% Fibonacci resistance level, that is 12440 satoshis. This could be the key resistance for WaltonChain that would help to determine the destiny of the coin in the medium term. Daily break and close above that resistance shoudl result in a trend reversal, for the medium and potentially long term. Although if the resistance is rejected, a consolation or a correctional move down is very likely. On a downside, if price will close below 10744 level, WTC could decline down, to hit the 4/1 Gann Fan trendline. And, if it will be broken, the downtrend continuation could be the case. Source: http://cryptopost.com/waltonchain-vs-bitcoin-approaching-key-resistance/
  8. What Is Next With Bitcoin? It looks like Bitcoin correction has ended on the 24th of June, where price hit the $5755 low. Then BTC/USD has formed a double bottom near that area and price went sharply up. In just over a week price went up by 18% and has reached the $6840 high. The recent corrective wave down, pushed the price down to the $6260, where it has rejected the 50% Fibonacci retracement. Overall, the short term, price has found the support as well as resistance at 23.6% Fibs that is $6400. Most likely, that the break above the resistance or below the support would shed some light on the next move of the Bitcoin. Break and close below the $6260 should result in a decline towards 61.8% Fibs at $6170, which corresponds to the lower trendline of the extended channel. But break above the resistance, might suggest further growth, where price could reach $6840 resistance and even go higher. Source: http://cryptopost.com/what-is-next-with-bitcoin/
  9. Steem VS Bitcoin Trying to Break Higher Steem has tested the bottom on the 30th of June, where price hit 16.7k satoshis low. After that price went up sharply breaking above the downtrend trendline and reaching the high at 22.4k satoshis. The upside move resulted in a 34% Gain against the Bitcoin, and it seemed that STEEM/BTC is about to break even higher. However, price has rejected the 200 moving average and corrected down to the 78.6% Fibonacci support at 17.9k satoshis. Currently STEEM is stuck between the Moving Average and the 17.9k satoshis support. At this stage consolidation could continue as STEEM does not have any directional pattern at this moment. But at the same time break above the 22.4k satoshis could be the first sign of a potential trend reversal or a strong corrective move up. On the other hand, if the Fibonacci support is broken, STEEM is likely to re-test the 16.7k low and perhaps go even lower. Although buying opportunity is very tempting, perhaps safer trading would suggest to wait for the resistance breakout. Source: http://cryptopost.com/steem-vs-bitcoin-trying-to-break-higher/
  10. PowerLedger VS Bitcoin Volume Increasing PowerLedger still trading within the descending channel, where prevailing trend is obviously down. On the 28th of June POWR/BTC found the bottom at 2847 satoshis, after which, under an increased heavy volume price went up to 6030 satoshis, breaking above the 50 Moving Average. The upside move resulted in a 110% growth, but then price corrected down, where it found the support at the 50 Moving Average, that has been consistently rejected during the past five days. Yet again, under an increased volume, today PowerLedger went up sharply, suggesting that the upside momentum is still valid. This should result in further growth and could send price up to the 127.2% Fibs at 6600 satoshis area, where previously resistance has been formed. Break above the 6600 satoshis could send price much higher, perhaps towards 10k satoshis psychological round number, that corresponds to the 327.2% Fibonacci retracement level. Source: http://cryptopost.com/powerledger-vs-bitcoin-volume-increasing/
  11. Zilliqa VS Bitcoin Indecision Zilliqa recently rejected the upper trendline of the descending channel. At the same time price bounced of the 50% Fibonacci retracement level, that is 1430 satoshis. The rejection was clean and ZIL/BTC started to move down. ZIL found the support at 78.6% Fibonacci, that is 1040 satoshis, with today has been rejected cleanly as well. It seems that price has stuck between 1430 sats resistance and 1040 sats support. This could result in a consolidation, until market will decide whether to break above or below. Break above the resistance should confirm the long term uptrend continuation, sending the price to the new all-time high. On the other hand, break below the support could send price lower, towards the next, key support, at 815 satoshis, that is confirmed by two Fibonacci retracement levels. “Wait and see” approach at this time seems to be most reasonable as market indecision seems to be obvious. Source: http://cryptopost.com/zilliqa-vs-bitcoin-indecision/
  12. TenX Pay vs Bitcoin Could Be Reversing TenX Pay clearly trending downwards, while moving within the descending channel. Although recently price bounced off the lower trendline of the descending channel and went up from 7523 to 14785 satoshis, resulting in a 96% growth in just 3 days. On a corrective wave down, PAY/BTC found the support at 76.4% Fibonacci retracement level, that is 9k satoshis area. So far the support has been rejected and if it holds price could start moving upwards, and perhaps result in a trend reversal. Obviously it is far too early to speak of the trend reversal, but the current price does present a very interesting buying opportunity. Nonetheless, if TenXPay will go below 8900 satoshis support, the downtrend continuation could take place, resulting in further decline, perhaps down to the 5k satoshis level. Source: http://cryptopost.com/tenx-pay-vs-bitcoin-could-be-reversing/
  13. Metaverse Strong Growth Against Bitcoin On the 24th of June, Metaverse formed a double bottom at 7820 satoshis, after which price went up sharply, resulting in a 160% growth against the Bitcoin. Price has found the resistance at 20900 satoshis, where it has rejected the 38.2% Fibonacci retracement level. But at the same time ETP/BTC broke above the descending channel and closed above the 200 Moving Average on the daily chart. This could mean the beginning of an uptrend, with the strong upside potential. Still, the corrective move down could take place, especially after such a strong growth. ETP could decline towards 38.2% Fibonacci support at 15875 satoshis, and perhaps even lower, prior to the uptrend continuation. There are two scenarios where investors could take advantage of the potential uptrend. Either wait a corrective wave down, the rejection of the Fibonacci support, or trade the breakout above the current resistance level. Source: http://cryptopost.com/metaverse-strong-growth-against-bitcoin/
  14. Cofound.it VS Bitcoin Still Falling Down Cofound.it downtrend seems to be still intact as price continues to produce lower lows and lower highs. After finding the recent high at 675 satoshis, CFI/BTC price fell down and broke the 50 Moving Average and the uptrend trendline suggesting the continuation of the downtrend. Today price produced a new lower low, and while the downtrend is expected, small correctional move up is also possible. But overall, Cofound price could drop as low as 420 satoshis, which is a strong support confirmed by two Fibonacci retracement levels and the downtrend trendline. It is also worth mentioning that back on the 29th of June CFI formed a double bottom at 515 satoshis, and currently it is trading near that level. Therefore while the downtrend is still valid, if the current support level holds, price could correct up strongly, or even reverse. Source: http://cryptopost.com/cofound-it-vs-bitcoin-still-falling-down/
  15. Quantstamp VS Bitcoin Next Wave Quantstamp found the bottom at 925 satoshis on the 29th of June. Then price went up sharply breaking above the 50 Moving Average and the downtrend trendline at the same time. Price has reached the 1390 satoshis high, where Quantstamp has gained over 50% against the Bitcoin. The corrective wave down followed and price found the support at the downtrend trendline, which has been rejected cleanly. Considering the recent price action, the next wave is expected to be up, and Quantstamp could be heading towards the 1540 satoshis support, where previously it found the resistance. If that resistance is broken, the next upside target is seen at 2150 satoshis level, that is 61.8% Fibonacci retracement level. At the same time, the consolidation could be expected to take place, where price will continue ranging between 1000 and 1300 satoshis. And only break and close below the 925 satoshis could invalidate bullish outlook. Source: http://cryptopost.com/quantstamp-vs-bitcoin-next-wave/
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