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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.