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 – […]
Namecoin continues to hover around 2.5 this week, carrying on from last week, although we could see some bears pick up momentum fairly soon. Let’s remind ourselves of what happened last week on NMC/USD, since it’s imperative we have this in mind for our current analysis. I’m pasting here the Fibonacci extension study from last week (click to expand): […]
Namecoin almost touched 3.000 which I expected, as mentioned in yesterday’s analysis, however we’re now seeing some ranging take place. Let’s take a closer look at the NMC/USD four hour chart below (click to expand): I’ve performed the Fibonacci study from the high on the 9th of March at 3.5, until the month’s low at 3.015 from yesterday. […]
