NMC/BTC Technical Analysis – 12th May 2014 By Ashton Fraser on May 12, 2014 in Trading Namecoin vs Bitcoin has been continuing on the meandering path which it’s been negotiating over the past fortnight, between two Fibonacci levels. During my last technical analysis on NMC/BTC, I posted the following Daily chart: For which I performed the Fibonacci study […]
NMC/BTC Technical Analysis – 8th May 2014 By Ashton Fraser on May 8, 2014 in Trading Namecoin vs Bitcoin has been meandering between two Fibonacci levels over the past couple of weeks, and the way things are going, this may continue for a few days yet. Let’s take a closer look at the latest NMC/BTC Daily chart below: […]
NMC/BTC Technical Analysis – 1st May 2014 By Ashton Fraser on May 1, 2014 in Trading After a number of consecutive bear days, Namecoin vs Bitcoin manages to attain some reprieve, with the bulls allowing it to retrace a fair few pips. During my last technical analysis on NMC/BTC, I contemplated, “So the key question is, is this southern […]
Namecoin fell from a high of 2.500 till 2.33 this morning, although we’ve seen a significant retrace in recent hours. I’ve performed the Fibonacci study from the year low at 1.34 until the month high at 3.35. Remember in my previous couple of Namecoin analyses, I mentioned “the bears will very likely push price down again – […]
NMC/BTC Technical Analysis – 16th April 2014 By Ashton Fraser on April 16, 2014 in Trading The last few days has seen Namecoin vs Bitcoin rise tremendously, in stark contrast to its trend over the past few weeks, only for some firm bears to take control of the reins again. First thing is to observe NMC/BTC price action […]
Namecoin is in the midst of a sine wave formation, starting late last week, with a relatively long wavelength, albeit a smaller frequency. Let’s take a look at the NMC/USD hourly chart below (click to expand): I’ve performed the Fibonacci study from the year low at 1.342, until the current high at 1.953. We can see how […]
As predicted, Namecoin dropped to the first Fibonacci extension today, before rising to a key Fib retracement level. We will need to take a look at different timeframes to get a clearer picture of recent happenings. Firstly, let’s check out the NMC/USD Daily chart I posted yesterday: In yesterday’s analysis, I mentioned, “I’ve performed the Fibonacci study from the […]
This morning we saw a classic double top price pattern form on Namecoin. Let’s take a closer look at the NMC/USD H1 chart below (click to expand): The first thing to look out for is the double top pattern here, marked with two red circles. Concerning the far left circle, we can see how the candle a) […]
