TradeAnalysiz

    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 lo...

  By Deya Hroob   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. 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 ...

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.

ONT plummeted under the uptrend line on Aug. 15, it acted as strong support before, so it may behave as resistance now. The pair tried unsuccessfully to scale above the uptrend line in the last three days. Additionally, ONT/USD is trading under the moving averages. However, the only positive thing now is that the bullish divergence on RSI which indicates a potential reversal in price soon. It must be noted that RSI divergence is misleading in some cases. Therefore, we need other bullish confirmation signals before we go long on ONT. The price must break up the trend line then scale above the 20-day EMA. If the trend line shows strong resistance, we may see another dip to $0.69 then to $0.50.

NEO has suffered lately from the general weakness of Cryptocurrencies.  After repeated retests of the uptrend line, bears succeeded to drag the price below it. It is a bearish sign. Additionally, NEO is trading below the moving averages and RSI is in the negative zone. All of these show that sellers have the upper hand. The next support to watch now is $9.18. On the other hand, if the price breaks down of $9.18, it may drop to $6.80. Bulls need to push the pair above the uptrend line to start a recovery. You shouldn't buy a fresh position as long as the pair sustains below the uptrend line. As we recommended in the last analysis , traders should buy when price breaks up the 20-day EMA. 

Litecoin plummeted below the support of $76 and is trading under the moving averages. Most importantly, it completed a well-known reversal Head and Shoulders pattern when the price plunged below the neckline. These developments tell us that the worse is still to come. In this pattern, it's common that price retests the neckline before continuing its course down again. To neglect this pattern, the price must go above the neckline again.  If LTC struggles to break above the neckline, bears will seize the opportunity to push the price lower.   The next support levels are $70 then $60. To resume the uptrend, the pair should breakout both the neckline and 20-day EMA. 

    As the sentiment in the whole Cryptocurrency is weak at least in a short term, Ethereum couldn't scale above the moving averages. Both the 50-day EMA and 20-day EMA make it hard for ETH/USD to advance. Moreover, Ethereum lost the battle with moving averages and breaks down the uptrend line 1 and $190 level. It's a 61.8% Fibonacci level of the rally from $80 to $363. The price has tested and rebounded from the main uptrend line, it's the main and only major support for Ethereum, but if that support also breaks down, the fall can extend to $150 level. RSI confirms the weakness of the bulls. The trend line 1 and the 20-day EMA are at the same level,therefore, traders should expect  strong resistance from them. Traders should be on the sideline at the moment until a clear buy setup appears.

      Bitcoin Price Outlook   After the failure of the bulls to penetrate the downtrend line , BTC/USD has fallen hard in the last couple of days. The downtrend line is the best place for the bears to take profits. The pair dipped below the 50-day EMA moving average and the ascending channel which shows the weakness of the bulls in the short term.     However, BTC  has bounced back today from the 100-day EMA, below it the $9080 level will act as a strong support. Traders should defend this support strongly. If it breaks down of $9080 level, Bitcoin may fall to $7455 level and it will turn negative.   Any recovery attempt from the bulls will face resistance from the moving averages and the lower line of the ascending channel.Also, the zone between $10,000 and 10,450 will be a critical place for the bulls if they want to resume the uptrend movement.  

By Deya Hroob  If you are a trader looking to reach the next level in your trading performance, then it is time to master a few exit strategies. By understanding and implementing these three simple exit strategies, you can make your trading more profitable than ever before and protect your capital from disappearing. What are the Exit Strategies?  An Exit Strategy is a plan for exiting a trade that helps traders minimize their losses and maximize their profits. It involves evaluating when it's the best time to enter and exit the trade and how to do so in order to optimize returns. Exit Strategies can help protect capital, as they allow traders to know when they should cut their losses short while also allowing them to determine when they should take profits off the table. Utilizing an effective Exit Strategy is essential for any successful trader who wants to stay ahead of the markets. In general it   enables investors to set up stop-losses to manage risks, as well ...

By Deya Hroob   NEO finds it difficult to clear the 20-day EMA. Also, it bounced back from the 23.6 Fibonacci level at $12.35 for several times. RSI is in the middle, testing the resistance line. The only support left is the uptrend line, which price tested numerous times before. It is a very important support for the bulls. If it is broken, it will trigger many stop losses by the bulls to cover their positions, which could drag NEO to $8.50 level. Traders should keep NEO above the uptrend line and then push the price above the 20-day EMA to resume the uptrend.  Traders should watch out  the uptrend line more carefully in the coming days. They can open fresh positions on a breakout of the 20-day EMA.

Daily Chart   Bitcoin has built solid support around $9100, from where it started to skyrocket. After successfully scaled above the moving averages, BTC/USD rallied to the downtrend line, where it may face some resistance.  If Bulls can clear this hurdle, Bitcoin can move up to $12,800, thereafter to the recent high of $13,900. However, moving averages will act now as support levels for any correction. Since Bitcoin is trading now at the downtrend line we don't recommend open any fresh positions now. Traders should wait for a breakout of the downtrend or a correction to the supports to initiate long positions. 4H Chart  On the 4H chart,  the 20 EMA has completed a crossover with 50 SMA which is a bullish sign. Also, 20 EMA provides great support for Bitcoin.

XRP is attempting to clear the 20-day EMA . It is the main major resistance right now. If traders succeed to take XRP above the 20-day EMA, it may go up to 50-day SMA, where traders may face stiff resistance. The pair will take a boost when both moving averages are scaled. Above the moving averages, traders should target $0.45 and $0.50 levels respectively.  However, XRP is trading near the long term support at $0.28. It's the psychological main support, thus, bulls should defend it viciously. A breakdown of this main support will be a negative sign. RSI is in the middle which shows XRP/USD is in a consolidation period. Traders should initiate long positions on a breakout of the moving averages or at the main support at $0.28 with a stop loss just below the main support line.