Tuesday, 10 September 2019

ONT Price Prediction: ONT Saw Some Gains

ONT(Ontology) Price Outlook

ONT has finally broke up the 20-day EMA which is the first sign of recovery. RSI is still showing bullish divergence. As we stated in our last analysis, the trend line and the 50-day EMA will be the next resistance zones. Today the price has rebounded from the trend line. Traders should go bullish when the pair closes above the 50-day EMA. Above this level, a rally to $1 is probable.

In the downside, 20-day EMA will be the first support now, thereafter $0.68 level.

ontology analysis

ONG Price Outlook

ONG is in consolidation now. It is trading below the moving averages which is negative. The area between the moving averages will act as a stiff resistance. If the bulls succeed to break above it, a move to $0.25 is likely.

ong analysis

Friday, 6 September 2019

ONT (Ontology) : Moving Averages Fight Any Recovery



After the breakdown of the uptrend line, ONT/USD is trading in a range-bound condition. The main resistance right now is the 20-day EMA. Look at the chart and see how this moving average is a great hurdle for any recovery. This shows that the trend is down. Above the 20-day EMA there are the trend line and 50-day EMA. We suggest traders open long positions only if the price breaks out the 50-day EMA.
If the bulls successfully carry the pair above both the moving averages, a rally to $1 level is likely. Thereafter to $1.20.

On the other hand, bears weren't be able to drag the price below $0.68 level, this shows that the selling pressure isn't strong yet. However, if the buyers don't come in soon, the bears will try to sink the pair below this level and extend the fall to $0.50. 

Therefore, we don't recommend open fresh positions at current  conditions.

BTC, ETH and LTC Price Analysis

Cryptocurrency Analysis

Bitcoin Price Outlook

Bitcoin breaks above the moving averages which is positive. A golden cross between 20-day EMA and 50-day EMA is about to happen. Moreover, the pair has formed a huge symmetrical triangle. Traders should wait for a break out above the downtrend line to initiate fresh long positions. The price target of the breakout is around $13,000. The RSI is in favor of the bulls.

In the downside, $9080 is proved to be good support. The bulls will defend this level aggressively. If it breaks down, it may indicate a change in the trend.

bitcoin analysis chart

Ethereum Price Outlook

Unlike Bitcoin, Ethereum looks less bullish. It's still trading below the moving averages. The 20-day EMA is a real hurdle for the pair to advance. Most importantly, ETH/USD breaks down the uptrend line, which is negative. Traders should carry the price above the 20-day EMA to start the recovery. Above this level, 50-day EMA will be the next hurdle. For now, we can't see any reliable buy set up.

For supports, $163 will be the first one, thereafter $147.

ethereum price analysis

Litecoin Price Outlook

Litecoin is in the hands of the bears. The price has corrected below the 0.618 Fibonacci retracements of the entire rally from the low of $22 to the high of $146. Other resistance can be seen from the downtrend line and moving averages. A successful break out of the downtrend will resume a strong uptrend.

On the downside, if bulls can't clear the resistance, a revisit to the recent low at $62.20 is more likely to happen.

ltc price analysis

Sunday, 1 September 2019

GBP/USD, EUR/USD Technical Analysis

General overview of GBP/USD

Prime minister Boris Johnson intends to suspend Parliament from September 12 until Oct. 14. The opposition party said it could trigger an emergency debate in parliament next week to try to prevent Prime Minister taking Britain out of the EU without a withdrawal deal. This is a negative environment for GBP.

Daily Chart Technical Analysis




The major trend is still bearish. GBP/USD is trading below the moving averages. They are behaving as  stiff resistance for the pound to advance. On the upside, $1.23 will be the first hurdle for the bulls if it is broken it may trigger a rise to $1.2345 and to 50-day EMA.

However, $1.2100 will be the first support as it's the Psychological level. A break below it may carry the sterling to $1.2020.


General overview of EUR/USD

EUR plummeted against USD as German inflation slowed in August and unemployment rose. This shows that the largest economy in EU is slowing. Additionally,  traders priced in a rate cut by the European Central Bank as its policy meeting on September 12.

Daily Chart Technical Analysis




 The main trend is bearish. If the fall continue the first support will be at $ 1.0960, thereafter  $1.0900 level.

On the upside, EUR/USD will face resistance from $1.1060 level. If it breaks out, it may go to $1.1100 the Psychological level. It's very important level as the 20-day EMA is located there too.


Sunday, 25 August 2019

ETC Shows Bullish Signs

etc bullish



General View

ETC was one of the best performer coins in the last five days. The main reasons for this bull run are the forthcoming Atlantis hard fork, which aims to develop high-quality blockchain software that preserves the security of the network. Additionally, Ethereum Classic Labs announced North Block Capital as part of the ETC Labs’ Studio program. They will work together on creating comprehensive token sale initiatives for North Block Capital investments, clients and partners.

Daily Chart Technical Analysis 

ETC/USD is trading above the moving averages which is positive. Also, RSI is in the overbought zone which confirms the upper hand of the bulls. 

If we look at the daily chart,we will see a bullish flag formation. This is a continuation pattern. To validate this pattern, the price should break out the upper line of the flag usually accompanied by volume. The price target of the break out is $9.50. Therefore, traders should go long on a breakout of the flag.

The pair is also completed a double bottom pattern that confirms our bullish view.

In the downside, $6.80 will provide  good support. We will stay bullish as long as Ethereum Classic stays above the moving averages.

ETC chart

Thursday, 22 August 2019

Ethereum and Ripple Price Indicate Slight Recovery

 Ethereum and Ripple Price Indicate Slight Recovery


Ethereum Daily Technical Analysis


The main trend is still up according to the daily chart. The pair is trading above the main uptrend line which is quite positive. Also, on the RSI, there is a bullish divergence that shows a potential reversal in price, but it needs confirmation from other indicators.

On the other hand, the rebound from the main uptrend line is stopped by both 20-day EMA and the trend line 1 as expected in our last analysis. 
Ethereum needs to scale above 20-day EMA to resume the uptrend. As long as the main uptrend line holds the price, ETH/USD will be bullish in long term. Conversely, if it breaks down, it may indicate a change in trend and a fall to $150 will be in the cards.

ETH Price Slight Recovery

XRP  Daily Technical Analysis


XRP broke down the main support on Aug. 13 which is a negative sign. It was the psychological support since Dec. 13. 2018.      Additionally, it faces stiff resistance from 20-day EMA. Both 20-day EMA and the previous main support are at the same level now. If the pair sustains below the resistance, it may fall to a $0.24 level.

Traders should initiate long positions only if  ripple goes above 20-day EMA. Until then stay in the sideline.

Ripple Dialy Chart Analysis

Tuesday, 20 August 2019

Stellar Price Analysis: Traders Wait For a Positive Movement

Stellar is trading under the moving averages. XLM/USD hasn't been able to break above the 20-day EMA. You can see the chart and notice how 20-day EMA ( black line) forms a strong barrier for XLM to advance. Additionally, the pair has broken down $0.072 support level. Both $0.072 and 20-day EMA are nearly at the same level.

  The bulls needs to get the price above these two resistance to resume the uptrend. If they succeed, Stellar will move up to 50-day EMA, then to $0.093 level.

 If the price sustains below the critical support for a long time, it will be negative for Stellar. It's not recommended buying under resistance, therefore, traders should wait until a new buy setup appears.

XLM Chart Analysis