After the last couple of weeks’ surging bulls, this week has been so far, a drab affair, relatively speaking ,with the 50% resistance zone proving to be much stronger than I had expected, although if we’re to zoom into the four hour time frame, there are some technical nuggets to be found. Over the weekend, I posted the […]
After a few days of consolidation, Peercoin looks to be on its way up – although some further confirmation shall be required before we can ascertain such bulls with a valid threshold of confidence. Let’s take a closer look at the latest PPC/USD Daily chart below (click to expand): I’ve performed the Fibonacci study from the high of […]
As we have been discussing almost all week, Bitcoin is threatening to rise to a certain resistance level – most importantly, one of our conditions which I stated yesterday has been fulfilled, giving me great confidence in the anticipated rise. During yesterday’s analysis, I posted the following chart (click to expand): For which I’ve performed the Fibonacci study […]
After reaching a week high of 11.4, Litecoin continues its bearish retraces from yesterday’s initiation. In my last LTC/USD technical analysis, I posted the following chart (click to expand): Where I explained, “Look at the candle marked in white; a number of factors combined here: a) The upper wick was the same length as it’s body, b) The […]
Peercoin is displaying a classic sine wave motion, as consolidation takes hold. The bulls and the bears are fighting for supremacy, and I can tell you one thing, the pattern is most likely going to continue for the rest of the day. Let’s take a closer look at the PPC/USD chart on the H1 timeframe below (click to expand): […]
Bitcoin rises as high as 545 this morning, but has retreated to around 500. Let’s take a closer look at the current BTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the low of the month at 382, until the high of the month at 545. I’ve also drawn an important red trendline […]
Litecoin hit a year low of around 8 last week, but a strong recovery meant yesterday morning price managed to hike up to 11.64. Unfortunately today hasn’t been a good day, and we’ve seen half of that hike wiped out in a matter of hours. Indeed, we’re most probably going to be seeing more losses in the next few […]
Litecoin is struggling to push below 11.1, for a number of reasons. 1) Examining the LTC/USD on the thirty minute chart: Then performing our Fibonacci study from the low of the 7th till its high, reveals a key Fibonacci level, in this case the 161.8% extension at 11.1. Price has tested this line a few times over […]
Peercoin finally breaks free from the 23.6% shackles imposed upon it, as predicted yesterday, at least for the time being, as very recent technicals give indication to further gravitation around 2.68. Let’s take a closer look at the PPC/USD chart on H4 (click below to expand): I’ve performed the Fibonacci study from the high of last week […]
NMC/USD Technical Analysis – 9th March 2014 By Ashton Fraser on March 9, 2014 in Trading Namecoin has been falling since Tuesday, but some bullish buds from early this morning are now blossoming, although the flower may wither away very soon. Let’s take a closer look at the NMC/USD chart below on the H4 timeframe (click to expand): […]
