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2018-03-31

NEO Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Like other coins, NEO has suffered from a sharp fall. The fall has been stopped by the uptrend and now hold the price. If the uptrend can hold the price more, a rally to the moving averages is expected around $64, where we predict strong resistance. To go strongly bullish on NEO we need to clear this zone and go above the moving averages. 

On the other hand, if the bears succeed to take NEO down the uptrend, a fall to $39.50 level is possible.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


Ethereum Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum bounced back from $367 level after a sharp fall. Moreover, it has broken down an old uptrend which showed a strong selling pressure. Again don't forget old trends. Actually, this trend that hold the recent fall in March. 18.

Any pullback now will face resistance from the old trend, if the bulls clear it a move to the moving averages is expected, where we anticipate a selling pressure again. The moving averages we are looking for are 20-day Ema and 200-day SMA.

Conversely, Ethereum is trading now on a support zone, however, if this zone is broken down a fall  
to around $300 level is possible.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.



2018-03-30

Stellar Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Stellar suffered mainly from both the downtrend and the 20-day EMA, they keep pushing Stellar down. We are now close to the first support level at $0.15, this is the low of March. 13, and should be watched carefully because if it is broken down a fall to $0.10 is possible.

Therefore, we don't recommend any fresh positions until the bulls can push Stellar above the downtrend and the 20-day EMA. If this happens the first target will be at $0.30.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.




Trx Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.


Trx is trading now above the moving averages 20-day EMA and 50-day SMA which is quite good. However, it faces strong resistance from the critical level $ 0.0557, it has failed to penetrate this level three times before.

If the bulls manage to take Trx above this level, a move to $0.075 target is possible. On the downside, Trx will find support from the moving averages and from $0.03 level.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.




2018-03-22

EOS Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.


After it bottomed at $3.64 level on March.18, EOS saw a rapid move. It stopped at the $7.44 level. It's 38.2 percent Fibonacci retracements from the recent fall from $19.50 to $3.64. EOS is also trading above the 20-day EMA which is positive. If we want to see a further move upward, EOS needs to go above both the 38.2 percent Fibonacci retracements and the 50-day SMA (now at $7.67). If it succeeds to clear these levels a move to $9.73 is expected. 

On the contrary, EOS will find support from $5.74 and the trendline as well.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-19

Stellar Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

As we predicted in our last analysis, Stellar fell to $0.15 level yesterday and bounced back quickly to hit $0.25 level today. Now, it will face slight resistance from $0.25 level but the more important one is the trendline and the 20-day EMA. If the bulls succeed to clear these levels a move to 50-day SMA is expected.

On the other hand, we need a bottom confirmation for any buy set-up. This happens when $0.15 level holds any next fall.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.




2018-03-16

NEO Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.


We had predicted a fall to $63 in our last analysis and that what happened. NEO bounced back from this level yesterday. Now NEO will likely find some minor resistance from $75 level, but the most important one is $84 level, it's 23.6 percent Fibonacci retracements level of the recent fall from $152 to $63.

Conversely, $63 level should hold any new fall, however, if it's broken NEO may go to $50 level.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.



XLM Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Stellar has fallen below the critical level $0.30, it found support from the 200-day SMA at $0.20 level. This level should be watched carefully because if the bears succeed to take Stellar below it, Stellar may fall to $0.15.

On the contrary, $0.30 level will likely provide stiff resistance. To go bullish XLM needs to go above $0.30 as well as the trendline.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


LTC Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

As the sentiment in the whole cryptocurrency is weak, LTC fell to $150 level today. It bounced back quickly to $165. On its way up, LTC will find resistance from the level between $175 and $193 where moving averages are located now. Once the bulls clear this zone a rally to $215 is possible.

On the contrary, LTC will find support from the 200-day SMA and $135 level thereafter $100.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-15

Ethereum Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum fell to test the low of Feb. 6 at $564 today. Traders should defend this level because if it's broken down a fall to $495 is possible. 

Conversely, any pullback will find resistance from $660 level and the strongest one will be at $770 level and the trendline. Ethereum will turn positive only on a break out of the trendline.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


Ripple Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

As we predicted from our last analysis that if Ripple can't succeed to go above $0.86 it may fall to $0.57 level. Ripple fell to $0.62 today. We still see chances to hit $0.57 level is possible. This is supposed to be a strong support, however, if it is broken down Ripple may go to $0.42.

On the other side, Traders will face strong resistance from $0.85 and the moving averages. We anticipate a selling pressure from these zones.

Therefore, we suggest open long at $0.57 level with the target $0.85.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-12

NEO Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

NEO broke down the critical support of $93. This level acted as a stiff resistance in the last three days. If it keeps failing to go above this level, NEO will look after support levels to gain momentum.
The first support level will be $78 thereafter $63.

On the contrary,  if it succeeds to penetrate $93 level, NEO may rally to the moving averages where we anticipate a selling pressure. The 20-day EMA is now at $112, the 50-day SAM is at $118.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-10

Ripple Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.


After days of trading inside a range-bound, Ripple bounced back sharply from the 50-day SMA on Mar. 5. It broke down the support of the range at $0.86. In addition, Ripple finds it difficult to go inside the range again. Moving averages are another hurdle Ripple will face when moving up. 

If Ripple succeeds to break out the moving averages a move to $1.25 is possible. On the other hand, failing to go inside the range as well as breaking out the moving averages may take Ripple to test the low of  Fib. 6 at $0.57.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-06

XLM Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

As we mentioned in our last analysis that Stellar will face resistance from 20-day EMA and the trendline. Stellar couldn't go through these levels and bounced back from the $0.40 level.

We still believe that Stellar will be bullish when it breaks out the 50-day SMA ( now at $0.43). If it succeeds to go above this level it may rally to the next target at $0.50.

Conversely, Stellar has built a solid bottom around $0.30 level, hence we predict it will hold any fall. Stellar will turn negative if it breaks down $0.30.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-02

XLM Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Although XLM is trading at such lucrative price, it finds it difficult to move up. $0.30 level should be watched carefully. Since if it's broken down, XLM may fall to $0.25 or even lower.

On the way up, Stellar has many hurdles to go through. Firstly, the 20-day EMA  then the downtrend. Lastly, the 50-day SMA. We believe that traders will face resistance from these zones.

We will be bullish only when XLM succeed to clear all these hurdles.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.


2018-03-01

Ripple Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

XRP is still trading inside a tight range -bound with no clear direction where is going to head. The resistance of the range is
$1 and a support of $0.86. Also, 20-day EMA is at $1 now which makes this level much stronger. Once the bulls manage to clear this level, we expect a move to 50-day SMA ( now at $1.15). We believe that Ripple will turn strong bullish if it breaks out 50-day SMA.

However, $0.86 level proved to hold the price in the last few days, but if the bears succeed to break below this level Ripple may go to $0.65.

Therefore, in the current situation, we can't find any buy setups.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.