Cryptocurrency Trade Ideas and Latest News

ICON vs Bitcoin Short Term Bullish Potential

Icon has found the bottom at 2140 satoshis and under the heavy volume went up, breaking above the downtrend trendline. Price has reached 4744 satoshis high and corrected back to 2900 satoshis, which is the breakout point of the downtrend trendline.

There price has formed a bullish divergence on the RSI oscillator, suggesting that the uptrend is likely to continue. The first strong resistance is seen at 227.2% Fibonacci retracement, that is 7200 satoshis area. Break and close above that resistance would most likely trigger a heavy uptrend resulting in the exponential growth. On the other hand rejection should result in a correction or a consolidation.

Break and close below 2500 satoshis should invalidate short term bullish outlook and could extend the consolidation and perhaps send ICX/BTC slightly lower.

Source: http://cryptopost.com/icon-vs-bitcoin-short-term-bullish-potential/

 
Kyber Network At Least x3 Potential

Kyber Network has found the bottom at $0.8, after which it broke above the downtrend trendline and went back down to $0.8 support area, where the double bottom seem to be formed.

Each time KNC/USD approached the $0.8 area it formed a bullish divergence on the RSI oscillator suggesting the trend reversal. Now it looks like a very attractive price as well as I timely entry point to go long on Kyber Network. The first strong resistance is seen at 50% Fibonacci retracement, that is $3.2. If/when target is reached, Kyber would triple in value and this could be just the first wave up.

Break and close below $0.8 would extend the consolidation and could present even better buying opportunity in the short and long term.

Source: http://cryptopost.com/kyber-network-at-least-x3-potential/

 
Factom VS Bitcoin Breaking Above

Factom continues to rejected the uptrend trendline and today FCT/BTC finally broke and closed above the downtrend trendline which suggests the beginning of a correctional wave up or a trend reversal.

The upside move could be either strong a weak depending how price will react on the fist strong resistance at BTC 0.0038. If it will be broken with confidence the next wave up should result in a growth towards BTC 0.0055 are, which is the key resistance.

Although it is unlikely for the Factom to continue the downtrend, the worst case scenario could be the move down towards BTC 0.0025 support.

Source: http://cryptopost.com/factom-vs-bitcoin-breaking-above/

 
Ark Starting To Look Strong

Ark has found the bottom at $1.77. That is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. The support has been rejected cleanly, and the bullish divergence was formed on the RSI oscillator. The following wave up resulted in break above the downtrend trendline which could be the trigger for the strong move upwards.

The strong resistance is seen at 50% Fibonacci retracement level that is $6.7, and a potential 150% rise from the current price. Break and close above the resistance should confirm strong uptrend, while rejection could result in a consolidation or a correction down.

On a downside, break and close below the $1.7 support should extend the consolidation and could send price lower.

Source: http://cryptopost.com/ark-starting-to-look-strong/

 
TenX Pay Token Could Be Worth x2 Soon

After finding the bottom at $0.77, TenX Pay Token went up, breaking above the descending channel and the 50 Moving Average. This suggests the continuation of the bullish momentum that could result in PAY/USD rising towards $3, that would potentially double it’s current value.

Although there is strong resistance at $1.64, that has to be surpassed first. This is 61.8% Fibonacci retracement that corresponds to the downtrend trendline. Break and close above this resistance should push price higher, up to $3, that is much stronger technical as well as psychological resistance level.

It is unlikely that from this point there will be any major move down and the rise is expected to be smooth. Nevertheless close below $0.77 should invalidate short term bullish outlook and extend the consolidation.

Source: http://cryptopost.com/tenx-pay-token-could-be-worth-x2-soon/

 
Lisk VS Bitcoin Short Term View

Lisk has found the bottom at precisely 100k satoshis. This is truly a very strong psychological support that clearly was rejected. The following wave up resulted in the break above the downtrend trendline as well as 50 Moving Average simultaneously.

This could be the very beginning of the long term uptrend continuation or at least a strong corrective move upwards. The first resistance is at 190k satoshis that is 38.2% Fibonacci retracement level. Second, the key resistance is at 250k satoshis, that is 61.8% Fibs.

While most coins have been moving upwards, Lisk has gained very little in the past couple of weeks and it could result in a strong recovery in the short term. On a downside, only a daily break and close below 100k satoshis could invalidate bullish outlook.

Source: http://cryptopost.com/lisk-vs-bitcoin-short-term-view/

 
Bitcoin Potential in 2018

Following the previous idea on Bitcoin, $6500 support along with the uptrend trendline has been rejected twice suggesting the potential long-term uptrend continuation. Today the Bitcoin has closed above the descending channel, confirming bullish intention of the price.

The $6k remains the key support area and as it is being respected by the market Bitcoin should start rising. In 2018, Bitcoin holds great upside potential as the price could reach one of the two key resistance levels.

The first resistance confirmed by two Fibonacci retracement levels is at $23.5k, that is a 300% growth potential. The second resistance is at $37.5k level, which could result in a 540% this year along.

However, it could take some weeks for BTC to consolidate and price might produce a spike below the 6k support area, prior of the strong rise. Nevertheless the long-term trend remains bullish and it is only a matter of time before Bitcoin will establish a new all-time high.

Source: http://cryptopost.com/bitcoin-potential-in-2018/

 
Cardano VS Ethereum, How Far UP?

Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend.

Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen at ETH 0.0028, that is just over 10 times the price of the recent bottom, which was ETH 0.00026. Also, the target level corresponds to the 261.8% Fibonacci retracement level.

The x10 growth is expected during the currently starting wave up and should be the very first upside target. Break above it could send the price much higher, but it yet to be seen if the resistance will be rejected or not.

Source: http://cryptopost.com/cardano-vs-ethereum-how-far-up/

 
Ethereum Could Hit $2000 This Year

Ethereum has lost over 70% to the USD, after reaching an all-time high, hitting $1500 mark. It looks like ETH/USD has found the bottom at $350, where it rejected the 88.6% Fibonacci retracement level along with the 8/1 Gann Fan trendline.

The following wave up resulted in a break above the downtrend trendline suggesting increase in price in the sort to medium term. But the long term trend also remains very bullish and after slow medium term growth, price could go up exponentially. It could take another couple of months at least for Ethereum to pass the accumulation stage while price could be reaching $1000 resistance level. Break above 1k should push it up towards one of the Fibonacci retracement levels.

First resistance is at $1700, that is 127.2% Fibs Second resistance is at $2050, that is 161.8% Fibonacci. It is quite likely that Ethereum will manage to hit second target by the end of this year, thus providing a healthy 480% growth for investors.

Source: http://cryptopost.com/ethereum-could-hit-2000-this-year/

 
BitCrystals Growth Should Continue

BitCrystals found the bottom at $0.21 and started to move higher breaking above the downtrend trendline and then managed to close above the 200 Moving Average. This is the first sign of the potential corrective wave up towards one of the previously established resistance levels.

First strong resistance, where 200 Moving Average was acting as a support is at $0.71. Break and close above it should push price higher, towards $0.9 resistance, established back on 22nd of June 2017. Break above $0.9 should result in price testing $1 psychological resistance and only break above that level should establish a long term uptrend.

On a downside, price could continue to consolidate and even have a pull back, down to the trendline breakout point. But, only break and close below $0.2 should invalidate bullish outlook.

Source: http://cryptopost.com/bitcrystals-growth-should-continue/

 
CoinDash Easy x2

CoinDash bottomed out at $0.029 after which the consolidated started. CDT/USD continues trading between $0.03 support at $0.055 resistance. While the trend remains bearish, the recent break above the 50 Moving Average suggests that the price could correct higher.

The key resistance is seen at $0.092, that is 23.6% Fibonacci retracement level applied through the all-time high. It corresponds with the upper trendline of the descending channel as well as the downtrend trendline.

At this stage small correction down is likely, to test 50 Moving Average once again. However, it is should take long before price reaches the $0.092 resistance. Break and close above it will open much more upside potential, while rejection should result in a correction down, perhaps back to $0.29 to produce a double bottom.

Source: http://cryptopost.com/coindash-easy-x2/

 
Dash Formed a Double Bottom

Dash has found the support at $278 where it formed a double bottom. Following wave up resulted in the break above the downtrend trendline and the 50 Moving Average, suggesting the change in trend or a correctional move upwards.

The nearest support is now based at $300 area, which is the trendline and the moving average breakout point. It is likely that the price will get back to that area before going higher, but at the same time the moving average could also act as the support.

The upside target is seen at 76.4% Fibonacci retracement that is $638 and corresponds with the previous resistance are formed through 23-27 of February. On a downside, only break and close below the $278 support could invalidate bullish outlook and extend the consolidation.

Source: http://cryptopost.com/dash-formed-a-double-bottom/

 
Ripple VS Bitcoin To Continue Rising

Ripple has found the bottom at 6900 satoshis and begun to produce higher highs and higher lows. Price has broke the 50 Moving Average first, where then it found the support which has been rejected. Then it broke above the descending channel suggesting the beginning of an uptrend, or at least a correctional move up.

It is possible that XRP/BTC will correct down first before going higher, but overall trend now seems to be bullish. The first target is at 38.2% Fibonacci retracement, that is at 10k satoshis area. Second and key resistance is at 61.8% Fibonacci, that is 11k satoshis area. Break above the 61.8% Fibs should confirm long term bullish trend, while the rejection could result in yet another wave down.

On the downside, price could test the uptrend trendline first, but only break and close below 6900 satoshis might invalidate bullish outlook.

http://cryptopost.com/ripple-vs-bitcoin-to-continue-rising/

 
Ripple VS Bitcoin To Continue Rising

Ripple has found the bottom at 6900 satoshis and begun to produce higher highs and higher lows. Price has broke the 50 Moving Average first, where then it found the support which has been rejected. Then it broke above the descending channel suggesting the beginning of an uptrend, or at least a correctional move up.

It is possible that XRP/BTC will correct down first before going higher, but overall trend now seems to be bullish. The first target is at 38.2% Fibonacci retracement, that is at 10k satoshis area. Second and key resistance is at 61.8% Fibonacci, that is 11k satoshis area. Break above the 61.8% Fibs should confirm long term bullish trend, while the rejection could result in yet another wave down.

On the downside, price could test the uptrend trendline first, but only break and close below 6900 satoshis might invalidate bullish outlook.

http://cryptopost.com/ripple-vs-bitcoin-to-continue-rising/

 
0x Has x10 Potential

0x Coin found the bottom at $0.35 after which price broke the first downtrend trendline and then 50 Moving Average. However, currently ZRX/USD facing strong resistance, represented by the upper trendline of the descending channel as well as the major downtrend trendline.

It seems that it’s only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs.

On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.

Source: http://cryptopost.com/0x-has-x10-potential/

 
Ontology VS Bitcoin Should Go Much Higher

Following the previous idea on ONT/BTC, it has reached and broke the resistance suggesting the continuation of the uptrend. The Fibonacci applied to the corrective wave after breaking above the 2400 satoshis resistance shows that Ontology broke above the 327.2% Fibonacci retracement level and corrected back down to the uptrend trendline. Currently the uptrend trendline is holding and if rejected price is likely to continue going up.

But, if the trendline will be broken, ONT/BTC could correct down, back to the 127.2% Fibs support at 3800 satoshis. In any case the nearest upside target is seen at 7700 satoshis, whereas if broken it should continue going higher and could reach 13.5k satoshis in the short to medium term.

Source: http://cryptopost.com/ontology-vs-bitcoin-should-go-much-higher/

 
ZCoin Breaking Above

ZCoin has formed a massive support at $26, which has been rejected multiple times. Looking at the larger time-frame price has formed a double bottom and broke above the downtrend trendline as well as 200 Moving Average.

The closes support is now based near $30 psychological support which is also a downtrend trendline breakout point. While the trend now seems to be bullish price could retrace back to the $30 support, although the buying opportunity is already presented.

There are several resistance level, but the key resistance is located at $75. Only break above that price should confirm a long term uptrend, prior to that the upwards move should be considered a correction.

Source: http://cryptopost.com/zcoin-breaking-above/

 
AppCoin VS Bitcoin Break Above The Range

AppCoin has found the bottom at 3784 satoshis while forming a bullish divergence on the RSI oscillator. The started to consolidate forming the resistance at 5800 satoshis. But recently APPC/BTC managed to close above the resistance as well as 50 Moving Average.

In combination with the bullish divergence these are the first signs of a potential correction up or a trend reversal. There are two targets to watch. First is at 11k satoshis, if broken price is likely to continue rising towards the second target at 17k satoshis. And only brake above the 17k should confirm the trend reversal and would potentially send price to the new all-time high.

On a downside, price could correct down, towards either the 50 Moving Average or the uptrend trendline. But, daily break and close below the 3780 satoshis low should invalidate bullish outlook.

Source: http://cryptopost.com/appcoin-vs-bitcoin-break-above-the-range/

 
Golem – signs of a Bull Market

Golem has formed a double bottom at $0.177 several weeks ago. And recently price spiked up breaking above multiple resistances. The strong rise resulted in a break above the 200 Moving Average, descending channel as well as the $0.5 resistance level.

This could suggest that buyers are starting to be active and the trend could be reversing to the upside. The first potential upside target is located at 61.8% Fibonacci retracement level that is $0.8 area, which is also correspond to the 227.2% Fibonacci channel trendline.

After the short lived rally GNT/USD could take some rest and consolidate before continue going up, perhaps the decline will be down to the 200 Moving Average. Nevertheless the trend now seems to be bullish and another wave up could be just around the corner.

Source: http://cryptopost.com/golem-signs-of-a-bull-market/