Bitcoin is in the crucial area

Yesterday we mentioned that Bitcoin is on the "descending triangle" and this meant that we had a slight advantage to break downwards, well it happened. On the one-hour chart, we got a breakout from the counter trendline and we got a candle close below the April low (below all important price levels between the $6,425-$6,533). Those confirmations from the one-hour chart led us to the lower levels, to the next strong support line at $6,250.



Currently, BTC price has stopped in this area and the daily candle got a close above the mentioned level. This is good because if the current level holds us then we make a higher low and the price structure stays healthy with the higher highs and higher lows.

Stellar (XLM/USD) has a superstrong area

Yesterday, Stellar fought with the area which has been historically a super-strong level to beat, around $0.21. Over the two week period it has 20 (!) failed attempts to break above the mentioned levels. Previously this super-strong resistance was a support and also then we had around 20 attempts to break. So, if you want to see a bullish Stellar it has to make a breakout above the blue line.



Currently, after the little drop, we are below the round number $0.2 and back below the trend line which is pulled from July 25th.

If BTC doesn't find the bottom from the current level ($6,250) then definitely Stellar will follow that move down and we will retest the lower levels because we had a bullish "ascending triangle" pattern. However, sadly, we made a breakout downwards.

Our nearest support lines would be the double bottom around $0.18 and below is a black trendline. This trendline has pulled from March 18 and it has already three precise touches so, this is definitely a significant level. If we break below from this trendline then we may go and touch pretty low levels.

Take a look at Dash (DASH/USD) Price Analysis, Sept. 18, 2018
Have a nice day!

Bitcoin & Cardano Are on the Triangle, Ethereum Has to Fight With Trendlines: Crypto Price Analysis Update, Sept. 17, 2018



Bitcoin is on the “descending triangle”

Over the weekend we moved sideways between the strong areas. Our resistance was the March low at $6,533 and our support was the April low at $6,425. We break downwards from the older counter trendline which is not so remarkable anymore because there are other and newer counter trendlines, but still, it could be a small sign.

The weekly candle closes just below the round number at $6,498, so, Bitcoin took down two out of four major resistance levels between the $6,425-$6,533.

Remember we had two weeks ago the "engulfing" candlestick pattern which indicates that we could get another leg down but we didn't. So, this will show us a little bullish hold/momentum on the BTC chart and if you remember, in August, we had a pretty strong monthly candle close (let's say a sloppy "hammer") which could be the reason why we didn't fall further because this monthly candle indicates a little bullishness on the Bitcoin.



On the four-hour chart, Bitcoin has drawn a bearish chart pattern “descending triangle.” It is pulled from the bodies and soon, it is ready to make a breakout.

The triangle means that we have breakout opportunities to either direction, descending means that we have just a slight advantage to break downwards so, a candle close below the 'currently the main counter trendline' and below the April low level will be a sign that we go downwards (red triangle is the confirmation area). Bullish confirmation would be a candle close above the "descending triangle" and above the March low. Then we got bullish momentum from the chart pattern breakout and if we take down all the major resistance levels from this area then this could be another momentum sign. So, a close above the $6,533 could mean another leg upwards (green box on the chart) and a close below the counter trendline could mean another leg downwards (red triangle).

Ethereum (ETH/USD) has to fight with the trendlines

Overall, the altcoins show us a nice and steady climb upwards which will be a good sign for the whole market. Currently, like Bitcoin, Ethereum has to fight against the strong resistance. The Ethereum price is around $218 and just above us are two trendlines: the longer and smoother since April 1, 2018, and the trendline since July 29 (pulled from bodies). Those trendlines make across just above the current price, plus we have a 'naked' resistance area (orange box) and we approaching into the 100 EMA which starts to work as a resistance.



So, after we calculate those criteria we got a pretty significant resistance level. If we want to beat that then Bitcoin definitely has to make a breakout upwards from the triangle then the other altcoins could find the momentum and should follow this move upwards. If we don't catch this momentum then we might go and test the lower levels and the next supports are the orange area below us and the round number $200.

Take a look at Cardano (ADA) Price Analysis, Sept. 17, 2018
Have a nice day!

Bitcoin Made a Breakout, Ethereum is One of the Top Gainers and Cardano Possible Short-Term Targets: Crypto Price Analysis Update, Sept. 14, 2018



Bitcoin is above U.Today’s mentioned resistances

Yesterday, we said that Bitcoin shows some bullish volume and it shows some strength to go upwards. Currently, the last four-hour candle close was exactly above our last marked resistance area at $6,550 which means that we have a breakout from the strong resistances and now, starts to play our next previously mentioned resistance level at $6,700-$6,800. In this level zone, the price could turn around and be bearish again.



It is technically a good short opportunity because technically, our bias is bearish based from the previous week candle close which was bearish "Engulfing.”

$6,700-$6,800 area short criterias are:

The Fibonacci retracement 50 percent (pulled from Sept. 5 to Sept.

The Fibonacci extension 141 percent to 161 percent (pulled from Sept. 7 to Sept.

Strong resistance area $6,787-$6,800

200 EMA starts to work as a resistance

We also might see a throwback from the bigger Fibonacci 38 percent level around $6,600 On the four-hour chart, we meet with the 100 EMA line. 38 percent is also important because if the pressure is down (currently the long-term pressure is down) then from this level we could see a bigger throwback but let’s see!

Currently, the last candle close and the price structure shows us positive signs and our main aim is still $6,700-$6,800 if we climb higher, there we want to search some bearish price action (candlestick patterns, chart patterns on the lower timeframes, minimum 15 min, volume) before we start doing anything.

Ethereum (ETH/USD) one of the top gainers in the trendline party

Ethereum has made a 33 percent increase since Sept. 12, it bounced upwards from $170 and now the current price is around $215. The bounce came from the sharper trendline area. After the bounce, we got from the daily timeframe a nice bullish candlestick pattern called "Morning Star" and this momentum gave a boost to break back above the blue trendline, above the $200, above the orange resistance level, above the 50 EMA (on the one- hour timeframe it trades above all the EMA's - 50, 100, 200).



Currently, the price sitting on the Fibonacci retracement level 38 percent and it approaching the trendline (dark red) which is pulled from April 1, 2018 and could start to work as a resistance. Above the current price are heavy resistances after another:

1. The longer and smoother trendline since April 1, 2018- $225

2. Previously worked resistance- $230-$234.5

3. Fibonacci retracement 50 percent- $235

4. The trendline since July 29 - $237-$241

If we can beat those levels then the Ethereum panic selling could be over.

Take a look at Cardano (ADA) Price Analysis, Sept. 14, 2018
Have a nice day!

yeah, I know, but we're trying to do our best!

Bitcoin Shows Bullish Momentum, Monero and NEO Have to Fight Key Levels: Crypto Price Analysis Update, Sept. 13, 2018



Bitcoin shows a bullish momentum

Yesterday, we said that we have seven failed attempts to break below the $6,250 level and after we post it, the eighth attempt was successful but with a very low volume and the close wasn't in our mentioned "red box.” The buyers were alert because each bigger selling attempt was pushed quickly back upwards. So, this action drew us a smaller triangle and we made a breakout upwards from it with a nice volume inside the candles.



Currently, we are back above the counter trendline (pulled from Sept. but below the April low and below the round number $6,500. These orange price zones are strong resistances and at the moment we got a bounce from the April low and from the lower orange resistance area. The small throwback will guide us to the counter trendline and there we have to watch what the price action wants to tell and show us but currently, looks like the price shows some bullish strength and momentum and we may go higher than $6,500 but the candle which guides us through these levels have to be full of volume.

Monero (XMR/USD) starts to fight against the heavy resistance

Almost all the altcoins got a bounce from yesterday’s ‘run’ and so as Monero. It bounced upwards from previous support level at $97. It made a massive bullish "engulfing" candle which guides us above the round number $100 and the profit from the bottom was +11 percent.



But looks like we have a heavy resistance above us. This red area has been historically a support and has been historically a resistance and now, again it starts to work as a resistance. In this area, around the $110, are all important EMA's on the four-hour chart and also we could find a counter trendline which passing through this area and makes a cross. This will all indicate that the key level is around $110.

Break above the mentioned level will guide us back above the counter trendline, back above the EMA's and we make a new short-term higher high. Those criteria are all bullish and if it could do this then definitely we are in the bullish zone again.

Take a look at NEO (NEO/USD) Price Analysis, Sept. 13, 2018
Have a nice day!

Bitcoin- Seven Failed Attempts, LTC is on the Important Area, TRX Approaching Key Level: Crypto Price Analysis Update, Sept. 12, 2018



Bitcoin has seven failed attempts

Now we have been in this consolidation phase a little bit over six days. Currently, BTC price has drawn us a "Triangle" pattern and we have a down channel where the price moves downwards.



Yesterday we got a small sign that the price may come down and test the lower levels. It made a breakout from the triangle downwards which is a bearish sign, but currently, on the four-hour chart, we could see that there is a very strong level- $6,250.

BTC price has tried to break this seven times but all those attempts were unsuccessful and it bounced back above the mentioned level. So, basically, we have a sign that we may go downwards from triangle breakout, now, if we get a close below the $6,250 this could mean that there is a very high probability to go test the lower levels. If we start to drop then the first support is $6,000 where we want to watch what the price action does but we think it will go much lower than $6,000 but let's see and let’s take this step-by-step.

If we start to go higher then you already know our resistances from yesterday’s post.

Litecoin (LTC/USD) is on the important area

If some alts are approaching the 2018 low point then Litecoin is almost there. Currently, LTC price is on the very important support area- $50 which starts to work as a support and the 2018 low which was made on Aug. 14.



If we don't find that power to hold the price above $50 then bearish confirmation would be a four-hour candle close below the 2018 low (red box).

A break below the 2018 low could mean bad news for LTC because there are exactly zero recent supports until the next round number area of $40. There are also two different trendlines pulled from different wicks and lows (let's call those trendlines the minor trendlines) and they make a cross on the $40 level + there is also some Fibonacci extension areas. So, this means the next support area and a pretty significant one is around $40.

To trade between the $50 and $40 level is pointless and very risky. Because technically there is almost nothing remarkable. Wait for $40 or if the price doesn't reach into this are then wait for our technical analysis, we will try to keep you posted.

Take a look at Tron (TRX/USD) Price Analysis, Sept. 12, 2018
Have a nice day!

Bitcoin on the Down Channel, Ripple Possible “Double Bottom,” DASH Showing Some Strength: Crypto Price Analysis Update, Sept. 11, 2018



Bitcoin possible ‘short’ area

After the Sept. 9  inverted "hammer," yesterday we got a green candle close. Yesterday’s candle closed above the mentioned strong level $6,250 but the volume is very low to get any information from this candle.



In the four-hour chart, we could see that we are still moving downwards in the down channel which will guide us to the $6,000 level and there is also the major counter trendline. So, at the moment, we can't make any precise prediction because the signs are just too unclear. We have to wait for this level or better price action from the current level.

In the four-hour chart BTC still makes lower highs and lower lows but if you zoom in, then in the shorter timeframes there is a sign which will tell us that the small price structure could change because there we can see some lower highs which tell us that buyers don't want to let the price down and we could see a bounce upwards.

If we break upwards from the current channel then technically a good short opportunity- short opportunity, because our bias is bearish based from the previous week candle close (yesterday's post)- would be around $6,700-$6,800 and the area criteria are:

1. The Fibonacci retracement 50 percent (pulled from Sept. 5 to Sept. 6)
2. The Fibonacci extension 141 percent to 161 percent (pulled from Sept. 7 to Sept.
3. Strong resistance area $6,787-$6,800
3. Different timeframes EMA's starts to work as resistances

Currently, our recommendation is, stay away from the market and wait for those levels that we mentioned above. From these areas, we can make better decisions but let’s look at what the few altcoins charts show us.

Ripple (XRP/USD) possible "double bottom"

Currently, Ripple trades between the $0.25 and $0.3 levels. The short-term price structure is still lower highs and lower lows but the chart shows us that it slowly starts to slow down after the drop from $0.35. A first possible support is the August low/ 2018 low and the round number area $0.25. If it finds support from this area then we have also a bullish chart pattern called "double bottom" and currently looks like the channel guide us into this area.



To enter the market from the mentioned area we have to watch what Bitcoin does, if it also shows us some positive signs then definitely this is a place where Ripple may bounce upwards.

Upwards target would be the trendline which is pulled from July 4th’s wick. This trendline starts to work as a resistance and if we get a candle close above the trendline and above the round number $0.3, then we have an almost free ride to the $0.35 or $0.4, depends how healthy the market is.

Bearishness will be confirmed if we get a candle close (at least four-hour) below the August low which matches almost exactly with the round number $0.25, then this is our confirmation and we can be almost certain that XRP' could drop as low as $0.2. There is the rally month low (December low), historically nothing more and the psychological number. The rally month low- December last year's rally started from this area! So, if we drop below the $0.25 next stop would be around $0.2.

Take a look at DASH (DASH/USD) Price Analysis, Sept. 11, 2018
Have a nice day!

Bitcoin- Bad Signs, EOS Looks Good, ETH is On the Edge: Crypto Price Analysis Update, Sept. 10, 2018



Bitcoin- bad signs come from the weekly candle close

We are again in a well-known area between the $6,000-$6,500 where the big guys don’t even hide their movements. Just a quick sell off and the next day a quick buyback and etc.

Bad signs come from the weekly candle, the previous week close was below the $6,500 mark, below the April low and below the strong support area, which all indicates that there is a very big selling pressure. The previous week’s close (bearish “Engulfing” candlestick pattern) gave us another lower low close and again, the overall market structure is bearish.



Currently, BTC price moves in the down channel and it has broken support after support. This channel guides us exactly into the $6,000 range where there is a major counter trendline, pulled from the June 24th low and from the Aug. 14’s low. So, if it drops, then this is the first target that we have to watch where we want to search and predict any further moves.



Currently, trading is definitely very risky because we don't have any significant confirmations. Confirmations are only bearish and come from the weekly chart but if you want to know when we could see a bit better opportunity to enter the market or any altcoins then it would be a four-hour candle close above the 'yellow' short-term trendline, above the April low and above the round number $6,500. There we can say that the short-term trend could be bullish and remember the counter-trend is always very risky because we have bad signs from higher time frames.

EOS (EOS/USD) shows some strength

Over the weekend when almost all alts took another hit, EOS holds the price very nicely.

It shows that EOS has some potential and the platform is technically solid.

The weekly candle closes below the round number $5 and below the short-term counter trendline but nothing significant just a small fall and quickly back around the $5 area.



Currently, we trade above the round number and on lower time frames. We could see that it starts to form a bullish chart pattern called "Inverted Head & Shoulders" which will indicate the further move upwards.

If we want to see a bullish move then we have to get a close above the April low and a candle close above the counter trendline. This will guide us to the last down-trendline which starts to work as a resistance if we take down the last down-trendline then we have a free “road” almost to the $6.5-$7.

A bearish move will be almost confirmed when it gets a close below the red line and then the price will continue the move down on the down channel. Nearest supports would be the trendline which is pulled from the 2018 low point, the August low and the round number $4. This zone is a very strong area and we expect further price movement from this price level at $4-$4.2.

Technically, EOS looks very strong and promising if the market finds the way upwards.

Take a look at ETH (ETH/USD) Price Analysis, Sept. 10, 2018
Have a nice day!

Bitcoin makes a small recovery but it is on the “Rising Wedge,” Monero (XMR) shows some positive signs and our mentioned NEO was yesterday on of the top gainers



Bitcoin started to make a small recovery and so have alts

Currently, Bitcoin starts to make a recovery but definitely nothing remarkable because we dropped -$1,100 and we have made recovery +$200. At the moment, it moves slowly upwards and a positive sign is this that the daily candle closes above the strong area $6,509. In August, the $6,500 area was very hard resistance to beat but after many attempts it was successful and now the old resistance becomes a support.



Like you see on the one-hour timeframe, we start to make new short-term higher highs and higher lows on the important level.

Currently, it looks good but those HH's and HL's starts to form a continuation pattern "Rising Wedge" which will indicate the future direction. If it breaks below the lower trendline then it's simple, we follow the trend, which is down and continuation pattern starts to work correctly and the first bigger target would be around $6,000 but if we make a breakout upwards then we might go and retest the $6,767 area. This area is also historically very strong and it would require a lot of power to break above but there are also other criteria:

*Fibonacci retracement level 38 percent (pulled from the Sept. 5th, which is the high point, to Sept. 6th which is the low point)

* Different timeframes EMA's starts to work as resistances.

Let’s look at how altcoins have reacted after Bitcoin’s small recovery.


Monero (XMR) looks good but it all depends on Bitcoin

The day before yesterday, Monero was down 22 percent but Bitcoin finds a support from the strong area and after that, we saw a nice upwards movement from Monero.



Technically the bounce came from the strong price levels where are several reversal criteria:

1. Channel bottom trendline bounce

2. In the three-hour and the four-hour chart we could see that EMA 200 works as a support

3. Smaller Fibonacci retracement level is perfectly 62 percent

4. Bigger Fibonacci retracement level is 50 percent

5. Old resistance becomes support

6. We are in the higher high area

So, technically Monero can continue climbing up, but all depends on Bitcoin: if it breaks above the “Rising Wedge” then Monero will follow. The starting platform is very good and the first target would be the major trendline touch above us. If it breaks above the trendline then there are several red lines, those are monthly lows and monthly highs and that makes the $150 very hard to beat.

If Bitcoin makes a breakout from the continuation pattern downwards then Monero bearish confirmation area would be a close around $105. Then we have a breakout from the upwards channel and if we get a close below the $100 then we have also a break below the round number and we have made a new lower low which all indicates bearishness.

Take a look at NEO Price Analysis, Sept. 7, 2018
Have a nice day!

Bitcoin, NEO, Cardano, EOS Ready to Bounce After Drop: Crypto Price Analysis, Sept. 6, 2018



Bitcoin made more than a $1,000 drop

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin- all strong supports are broken, only one left on the current price

Yesterday we said that if the price closes below the strong support line (blue line) and below the minor upper trendline, which is also a part of the continuation pattern "Rising Wedge,” then we will drop into the $6,500 area.

Currently, we are in this area. In August, we attempted to break above this level many times and currently, the old resistance becomes a support.



RSI is totally oversold and we made over a $1,000 drop which is massive. So, we could guess that we could find a small support from here and this support will guide us may be around $6,700. There is a historically strong level which started to work as a resistance and from the current drop points (high to low) pulled the Fibonacci retracement to 38 percent in this area.

Currently, we just have to wait and see what the price action shows us, maybe we can find something positive! Let's take a look at how the altcoins react to this "market crash.”

NEO (NEO/USD) trades below the upward channel

Since yesterday, NEO came down ~26 percent and we trade below the channel and below the round number $20!



We got a bounce from $18 where the Fibonacci retracement level is 62 percent and from the support which was there before the resistance (black line). On the four-hour chart, we trade below the EMA's, actually, in all timeframes we trade below the EMA's and that's not a good sign like we said, we have also a breakout downwards from the upwards channel.

If we want to search for some positive signs then at the moment NEO price is in the area where it still could make a higher low, after the bounce from the Fibonacci level we got a "Hammer" candlestick pattern, but this is a very small pattern because there is still panic in this market.

A close below $18 confirms a lower low and in addition, we have a change in the price structure which will indicate that we may come down and retest the $13 area. But if BTC finds the support from the current price then NEO will follow suit because it looks solid compared to others altcoins.

Take a look at Cardano (ADA) and EOS (EOS/USD) Price Analysis, Sept. 6, 2018
Have a nice day!

Bitcoin- sixth attempt was successful, Ethereum can’t find the momentum, Litecoin fights with trendline



Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin (BTC) breaks above the strong resistance areas

Yesterday we made a breakout of $7,349 (upper blue line). We had tried to break this five times but all attempts were unsuccessful but the bulls managed to hold the price up near the resistance and finally the sixth attempt was successful.



Bitcoin made a breakout upwards but our next resistance is not far away from us and you already know, the next resistance is $7,500-$7,600, and looks like we are going to test this area. We have a little problem, Bitcoin doesn't show the high volume, maybe this could be the only problem but let's see technically looks all very promising.

Litecoin (LTC)- have to fight with the last down-trendline

Currently, LTC price is below the round number $70 and we are still below almost the last major down-trendline pulled on the four-hour chart from the wicks. This crossing area makes it difficult to break through from here although the $70 haven't been so difficult level for Litecoin but like always those crossing areas makes it a little bit harder to break through.



If we get another leg upwards then above the trendline we have right away the very strong resistance level which consists of the July and June lows around $72-$74 and also Fibonacci retracement areas are in this level zone. We have to take down this level if we want to see a bullish Litecoin.

At the moment the price trades above the important EMA's (50, 10, 200) we have a golden cross between the 50 and 100 EMA and we are starting to make it also with 100 and 200. If we had the bigger golden cross (100&200) then we could say that the chance to go straight through from this trendline is a bit bigger change but at the moment we could make a small pullback before we can make the breakout upwards.

If we start to make a pullback then luckily we have the EMA's which works as the supports and we have a counter trendline which could work as a support. If we break below the counter trendline then this is definitely very bad for Litecoin price and we may go and retest the $50 again. Also, it depends on what the whole market does.

Take a look at Ethereum (ETH) Price Analysis, Sept. 5, 2018
Have a nice day!

Bitcoin moves sideways between the two strong levels and waiting for a breakout but which way?



*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin possibly breakout opportunities

Currently, we are still between those two “resistance” lines (blue lines). To give you an indication where we might go then we have an “Inside bar” candlestick pattern (black lines from the wick).

We already have a higher close from this important candle but we need also a close above the wick, above the black line and if we get a close above $7,350 then we have two confirmations- breakout from the “Inside bar” main candle and break above the strong resistance levels.

If we lose the bullish momentum and we start to make a bigger pullback downwards then those confirmations are close below the Inside bar candle range ($7,200) and close below the trendline (black diagonal line).



If the market stays stable EOS may start to rally upwards!

From the last month, we got a nice "Hammer" candlestick pattern (bullish pattern), bounce upwards was from $4 and the close was $6.4. Last week EOS made a little bit over 30 percent growth (open $4.9, close $6.6) and it made a break above the major down-trendline. Currently, the weekly chart shows us also a very positive sign, we have a "Morning Star" candlestick pattern which will indicate bullishness. If Bitcoin and the whole market stays stable then we could definitely see some rally upwards because, we have two strong candlestick patterns on the higher timeframes - super strong sign.



On the four-hour chart the current price is above the EMA's (50,100,200) but if we want to move upwards then we have to take down the July low which is around $6.5 and above the July low is also a very strong resistance what you need to watch: the round number $7 and there are also old supports which now becomes a resistance. So, above us, you have to watch two levels $6.5 and $7. If we take those levels down then we may go almost straight to $10 because 100 & 200 EMA is pointed upwards and ready to make a death cross.

Take a look at Cardano (ADA) Price Analysis , Sept. 4, 2018
Have a nice day!

Last week was bullish for crypto market, but there is room to go higher



Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin fights historically strong resistance

Over the weekend, the Bitcoin price showed us a very steady grind upwards and because of it, there was a steady growth on the altcoins list.

Currently, the BTC chart shows us that we are on the strong resistance area which is $7,286-$7,349. From here we expect a little pullback or the price stop just a while and if we break this area then our short-term target would be around $7,500.

$7,500 target criteria:

* Fibonacci pulled from July 24-Aug.14

* Round number

* Trendline since May 5

* Fibonacci extensions (entry point Fibonacci's)

* Round number and Fibonacci retracement level are just SO identical.



Let's talk a little bit about the current pullback. At the moment the price is above the minor trendline which is pulled from the wicks. It makes for us an upward channel, the price may go inside this channel and the first bigger retest area is around $7,000.

There we can find a May low which works as a support, round number and in the four-hour chart, we could see that the 50 EMA starts to work as a support. If it drops lower, then our next support is around $6767 which is historically worked level and there is also our last trendline. This has to hold us, if not then we go definitely test the lower levels.

Ethereum still in symmetric triangle

The current situation on the ETH chart shows us that, after the bounce upwards from our mentioned level, we tried to break outside the triangle and tried to break the round number $300 but this attempt was unsuccessful. ETH price was very close to make a breakout but we didn't find much power to hold the price above the $300.



Luckily, we had something positive on the ETH chart- ETH price structure made a small higher high which indicate that we are still on the rising mode and now the pullback definitely have to hold us over the blue support line if we want to stay bullish (marked as Strong Area). We know that soon we will see some bigger action on the Ethereum chart because we are on the triangle tip where the price is 'pushed ' together and soon it will launch. At the moment definitely don't trade this and wait for a breakout from the triangle. Breakout from triangle means short-term Ethereum direction and breakout is confirmed when we have at least a four-hour candle outside that area.

Take a look at Ripple (XRP) Price Analysis , Sept. 3, 2018
Have a nice day!

Like we had planned- pullback happened and the bounce level was precise!



*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

BTC possible targets

Yesterday, after we posted- we could make a pullback and you already know where to enter the trade ($6,709-$6,800) if the pullback occurs. It happened, and we also got a bounce upwards exactly from $6,800. The current price is $7,000 and we are our first target point where we could take out some partial profits because if the market wants to go lower then here is the decent place where it could turn around because in this area it makes a lower high on the price structure, but if we start to go higher than our next targets would be:

2. Around $7,300- strong and historically worked levels!

3. Around $7,500- final target:

* Fibonacci pulled from July 24- Aug. 14

* Round number

* Trendline since May 5th

* Fibonacci extensions (entry point Fibonacci's)

* Round number and Fibonacci retracement level are just SO identical!

Let's see how the market and the price reacts on these price levels.



Ethereum managed to stay ‘healthy’ and it got a bounce from our mentioned evel!

Currently, on the Ethereum chart, we could see that it stayed "healthy.” Like we expected yesterday we have to bounce upwards around $270-$275 if the price structure wants to stay bullish and exactly from this area we got our bounce and we have made a clean higher low (HL) on the chart. The bounce was supported with a perfect Fibonacci retracement level 62 percent and a blue line which means the strong support area.

Now our nearest resistance is this triangle upper trendline and round number $300 crossing area! Those crossing areas area always hard to beat but if we see at least a four-hour candle close above the $300 then it could be mean that we make another leg upwards and if Ethereum wants to make a higher high (HH) then we have to see a candle close around $330.



Take a look at NEO (NEO/USD) Price Analysis Aug. 31, 2018
Have a nice day!

Looks like the crypto market starts to make a little pullback



*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

BTC could make a pullback and so can altcoins!

Yesterday, after the triple top we have seen some downwards movements and we have collected the signs that a movement downwards may happen!



We have a break below the triangle, we have a break below the red trendline which was resistance and now it becomes a support, we have a break below the round number!

At the moment the price retests this round number area and we are ready to go lower! Also, we have a lower low and a lower high price structure which indicates that the leg down is coming but you already know where you can enter the trade if you see a correct price action at this level- $6,700-$6,800! Let's see what the altcoins do in this situation...

Ethereum (ETH/USD) important aspects of staying healthy

Currently, the market looks like it is starting to make a little pullback! BTC has pointed down and shows some pullback signs and so does Ethereum!

We have some signs from the daily timeframe and from the 12-hour timeframe. In the daily timeframe we could see a bearish candlestick pattern called "Tweezer top" and in the 12-hour timeframe there  is also a bearish pattern called "Evening Star.” So, this will indicates that we start to make a little pullback also on the ETH/USD chart.



If the price structure wants to stay healthy then the pullback can't be lower than $270-$275. Why? At the moment we have a nice HL at the $270 level but if we drop below that then we make a new lower low and also we have a close below the strong support (blue line) which all indicates bearishness. In the image, you can also see bearish confirmation box, at least the four-hour candle closes in this area could mean disaster for ETH and it may go to around $200.



If we stay 'healthy' and we get a bounce around $270-$275 (bounce is supported by- strong support level and Fibonacci 62 percent retracement level) then we have made a new HL (higher low) and we are ready to climb higher. The first obstacles are the triangle trendline and the round number which is $300. To be fully confirmed that we start to heading upwards we have to make a new higher high which is around $330-$340.

Take a look at Ripple (XRP/USD) Price Analysis Aug. 30, 2018

Cryptocurrency market shows us positive signs at last



*** Please note, the analysis below is not an investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Over a long time, we can pick up some positive signs from the cryptocurrency market and so as our next analysis- Bitcoin (BTC) & Cardano ( ADA ).

We have been on the down-train, yes train, for a very long time but at the moment looks like we have some changes in the market structure.

Let’s start with Bitcoin

At the moment I would like to share some higher resistance areas if somebody doesn't know where to take out some profits if we fly higher, and one technically good entry point if we start to make a pullback!

From my point of view, the first strong resistance is around $7,286-$7,349. Historically, this level is worked nicely and if somebody is on the trade then this level is definitely one point where you must consider to take out some partial profit. If we rally through this level right away then the second one is $7,500 (described later in the post)!

If you are not in the trade at the moment then definitely do not enter before we make a pullback or before we haven't got any significant confirmation, because the current price is very risky and full of FOMO, it may fall down quickly!

The pullback may happen because we are on the trendline which is pulled wick to wick(first touch Aug. 8 and the second touch Aug. 22) and we are on the decent resistance zone (we have the May low and around number $7,000)

Where we can enter the trade after the pullback!?



From the current price perspective (current price is $7,052), the ideal entry point would be around $6,700-$6,800.
Entry point criteria:

1. We have historically a strong resistance which now becomes a support at $6,766

2. Fibonacci I- pulled from Aug. 8-28 retracement 38 percent

3. Fibonacci II- pulled from Aug. 26-28 retracement 62 percent

4. Close to upwards trendline- pulled from bodies since Aug. 14

5. Supported with 50 daily EMA

6. Supported with multiple EMA's on the 4h chart

7. Definitely, we wait and watch the current price action in this area if we reach there

Target $7,500 criteria (for those who are in the trade at the moment and for those who enter a trade after the pullback):

1. Fibonacci pulled from July 24- Aug. 14

2. Round number

3. Trendline since May 5th

4. Fibonacci extensions (entry point Fibonacci's)

5. Round number and Fibonacci retracement level are just SO identical!

Cardano (ADA/USDT)

Around $0.09 area, we have found a bottom what we have tested two times and we can call this a "Double bottom" (W-formation)

After we made a second touch around $0.09 we have a steady climb upwards. Firstly, we break the down-trendline (which is pulled from 02.05.2018 and the second touch 18.07.2018) and we made a breakout from "Descending Triangle". The descending triangle is a bearish pattern but the triangle patterns have a breakout opportunities to either direction and at the moment we made a breakout upwards- bullish sign, and after those breakouts, we made a structure change, we manage to make HH (higher high) on the market!



Currently, you can see that there are two blue target boxes first is above the current price of 10 percent and the second 18 percent. So, probably there you can see some price bounce or price stop because those levels are historically worked. First one is June low/support which now becomes a resistance and the second one is the July low which now may become support!

If you want to enter the coin then there is an opportunity if the price falls down a little bit. Like you know we have a breakout from the triangle and the perfect breakout trade would be- breakout and wait for a retest! So, at the moment we could see that we may start to make a pullback because on the four-hour chart has formed a three candle candlestick pattern called "Evening Star" ( bearish pattern).

Currently looks like the solid spots where to enter the trade are:

$0.1 - criteria: round number, Fibonacci retracement level 38 percent and supported with EMA's

$0.095 - criteria: it would be close to retest area, perfect Fibonacci retracement level 62 percent

Hopefully, this helps you out a little bit to confirm your own analysis! Definitely make your own research!

Have a nice day!

Bitcoin, Ethereum, Ripple, EOS Develop Downtrends, Suffer Big Losses: Price Analysis, August 9



Bitcoin and altcoins new lows reached, bulls are frustrated

Hello, this is Andrew Strogoff again. This situation in the crypto market remains negative as Bitcoin and altcoins continue to fall and suffer significant losses on Tuesday. I was talking about a probability of a correction, but it seems that investors don’t pay attention to the technical analysis at all as they continue to get rid of cryptos quickly.

However, this downtrend may be a game of whales who want to push the price lower in order to buy it with benefits. If this is true, I think we still have some long distance to do.

As for the events, there is nothing to affect the price significantly. However, I have prepared some interesting events for you. Let’s get down to them. Opera Browser launched their own crypto wallet. This wallet, released in July 2018, is Ethereum compatible. This add-on allows users to make payments using Windows devices.

Bitcoin (BTC/USD) establishes new lows

Bitcoin developed its downtrend on Tuesday as bulls have almost no chances. There were more red candlesticks again. BTC/USD has lost nearly four percent in the past 24 hours and established new local lows. The currency pair resides below the red descending trend line and even failed to approach it yesterday.



As you can see it on the four-hour chart, Bitcoin develops its downtrend with huge momentum. I spoke about a correction in Tuesday’s review, but it hasn’t happened as bears continued to push it and smash bulls. This sellers’ success is strange, however, I gave a couple of versions at the beginning of this review.

I thought that BTC/USD were going to reach the red descending trend line, but the currency pair failed to get there as Bitcoin developed the downtrend instead. It is hard to predict further fluctuations now. I still think that BTC/USD needs a correction even if it is going to develop its downtrend in future.

This correction may aim $6,510 resistance at least. If buyers are successful, BTC/USD may develop this uptrend targeting next resistance areas.

However, bears are very strong currently and they are able to develop this downtrend even without any correction at all. BTC price is below the resistance area at $6,329 and they may start off from there.

Ethereum (ETH/USD) follows Bitcoin on its way down

Ethereum developed the downtrend following Bitcoin. The whole crypto market shows negative dynamics in the past several days as investors pay less interest to this industry. ETH/USD stays below the descending trend line and far from it. I think that bulls are ready to counterattack, but as I see, investors pay less attention to technical analysis as well currently.



ETH/USD has reached the support area at $355.45 and established new lows. Ethereum has lost more than four percent in the past 24 hours showing that sellers are still very strong as they managed to push it lower without any correction.

I think that the upside correction should happen now and its targets are at the resistance area at $375.60 at least. If bulls are stronger, they will be able to drive Eth/USD even higher. There are several interesting levels above.

However, sellers have control over the market currently and they are very strong and powerful as the moment. This means that you need to be cautious when placing buy orders expecting upside correction.

Ripple (XRP/USD) develops the downtrend

Ripple has lost more than four percent in the past 24 hours. The currency pair stays far below the descending trend line meaning bears have full control over the situation. Buyers are frustrated as they are unable to counterattack. I have expected some sort of correction on Tuesday, but as you may see it, there was none yesterday.



Ripple has reached the support area at $0.3503 and even managed to break it through. However, bulls seem to be able to drive it towards this level to retest it again. Let’s see what will happen in the nearest future.

I think that the buyers are going to counterattack now. The correction is truly needed and XRP price is likely to run towards the closest resistance area at $0.3934 (after jumping over the resistance at $0.3503). I think that this target is primary for today.

What may happen next? If buyers are successful, they will be able to drive Ripple even higher as there are many interesting targets on the way. However, we should not forget that bears are too strong now and they are able to change the situation in their favor at any moment.

Take a look at EOS (EOS/USD) Price Analysis, August 9

Bitcoin, Ethereum, Ripple, EOS Suffer Significant Losses: Price Analysis, August 8



Bitcoin and altcoins suffer significant losses, currency pairs establish new lows

Hello, my name is Andrew Strogoff and I’m going to give you my view of the situation on the crypto market today. As far as you can see, everything goes down. Bitcoin and altcoins have suffered significant losses. I have thoroughly studied news in an attempt to find out what is going on and I saw no clear reason for downtrends.

As I have already told you previously, the reasons may be psychologic meaning market participants have fears of something and get rid of their digital assets. However, I also think that whales may drive the price in order to allow themselves to buy lower.

As for the events, I would like you to pay attention to the following information. Blockchain data is legalized in Ohio. The other states consider to make the same This is a very important step on the way of technology adoption.

Another interesting news comes from Japan where local student creates an application to help voters and politicians to communicate. The main aim of this PoliPoli app is to allow voters to talk directly to the politicians.

Bitcoin (BTC/USD) makes new lows

Bitcoin has suffered significant losses in the past 24 hours. You can see it on the chart. BTC price is below the red descending trend line meaning bears are controlling the market again and have the power to develop the downtrend. However, before they will try to push the price lower, I think the correction is needed.



If we take a closer look at the four-hour chart, we can see that the price has reached the support area at $6,510. BTC/USD has crossed a couple of supports recently including $6,943 and $6,701. The currency pair managed to break through the red descending trend line recently but returned to it, retested and went below again.

Now, I think, Bitcoin is going to make a correction towards this red descending trend line again. The closest aim for the currency pair is the resistance area at $6,701. If tested successfully, bulls will be able to move further and to develop this correction towards the red descending trend line and the next resistance area later.

However, if $6,701 stops BTC price from further growth, I expect bears to push it towards $6,510 to retest this level and to develop the downtrend later.

Ethereum (ETH/USD) downtrend in play

Ethereum declined and suffered significant losses in the past 24 hours. ETH/USD has lost more than six percent. This is the common tendency for the cryptocurrency market currently. However, I think that bulls have to say their word before bears are able to develop their progress.



Ethereum has reached the support area at $375.60. The currency pair has crossed a couple of supports in the past 24 hours as this downtrend was strong and buyers had no chances to change the situation. The currency pair stays far below the red descending trend line.

I think that ETH/USD is going to start a correction currently as ETH price has done a huge dive in the past 24 hours. This upside correction will aim the closest resistance area at $392.32 at least. If bulls test this level successfully and manage to break through the descending trend line, they are likely to drive ETH/USD higher to new resistance areas.

However, bears are still in force and I think they will try to push ETH/USD lower after the upside correction. They are likely to retest the support area at $375.60

Ripple (XRP/USD) today’s big loser, ready for a correction

Ripple has lost more than 10 percent in the past 24 hours. The situation is really catastrophic for the buyers as the currency pair has broken through a couple of support areas without significant difficulties. This means that the whales may push all the currencies somewhere to have nice opportunities to buy for lower prices.



Anyway, it is time for bulls to be defensive. The situation is not favorable for them as bears destroy their defensive lines one by one. However, I think that buyers are likely to make an upside correction in the nearest future. Their target is at the resistance area at $0.3934. I think that the price will be there on Wednesday-Thursday.

However, bears are too strong currently. They have total control over the market and establish new lows. I expect sellers to counterattack after the end of this upside correction. They will target this current support area at $0.3503 again. If successful, bears will be able to develop their progress.

Take a look at Ripple (XRP/USD) & EOS (EOS/USD) Price Analysis, August 8

Bitcoin, Ethereum, Ripple, EOS Decline Again, Bears Counterattack: Price Analysis, August 7



Bitcoin and altcoins bulls are exhausted again, bears take control

Hello, this is Andrew Strogoff again and today we are going to look through several cryptos in order to see their perspectives. The current situation is neutral as there are no tendencies in the moment of writing. Bears have counterattacked yesterday and most of the cryptos declined.

There are no important events to affect the market still. I think that this is something related to psychology. Investors and traders try to get rid of cryptocurrencies currently but the reasons of such decisions are not uncovered.

As for the interesting news, I have something to show here. Ripple is added to Bitcoin store. This fact increases its adoption and gives some support to the currency pair. However, this support is weak as you will see it later on the charts.

Robert Kiyosaki, famous author of “Rich Dad, Poor Dad” makes his own prediction of the crypto market. He thinks that cryptocurrencies and other digital assets may even overtake traditional money. However, he also forecasts market crash.

Bitcoin (BTC/USD) price declines, bulls lose power

Bitcoin loses momentum again. The currency pair has lost nearly two percent in the past 24 hours. However, this is not the biggest problem for BTC/USD. The biggest problem is that the main crypto has true issues attempting to grow as there are no significant volumes to drive the currency pair higher.



As I have previously mentioned, the situation is neutral currently. Bitcoin has almost reached the descending trend line yesterday, but reversed there and declined towards the support area at $6,943 to test it. The currency pair still fluctuates there close to the red descending trend line again. I think BTC/USD is likely to test this trend line today in an attempt to break through and develop its upside progress later.

I think that bulls and bears chances are equal currently and you are to follow the situation with caution before taking any decisions. If BTC price stays below the red descending trend line, sellers will likely push it further downside targeting the next support area at $6,701. However, once the descending line is breached, we have chances to go higher. I have set targets at $7,341.

Ethereum (ETH/USD) bears retake control

The current situation looks really strange to me as there is nothing to support bears. Nor bad news nothing events that may push Ethereum down. However, we see that ETH price is still unable to break this vicious circle. ETH price stays below the red descending trend line meaning we have equal chances for both sides.



Ethereum failed to test the resistance area at $417.29 and failed to reach the red descending trend line on Monday. The currency pair declined towards the support area instead, reaching $404.55. The situation is really neutral as both sides now have equal perspectives.

I think that ETH price is likely to test the red descending trend line today. In case if bulls fail, sellers will be able to push it lower and retest the support area at $404.55. Once breached, this level opens for Ethereum the path towards the nest support at $392.32.

However, I think that the currency pair will successfully test the red descending trend line and move above it targeting $431.42 at least.

Ripple (XRP/USD) breaks its neutrality

Ripple declined in the past 24 hours for more than five percent as the currency pair breaks its neutrality and follow the other cryptos in their downtrends. Bears have taken control over the market and push the currency pair lower.



I can see currently the downtrend but I think it won’t last for long. The closest support area lies at $0.3934. There Ripple is going to make a stop in order to start a correction at least. I have set my targets at $0.4495. I think that XRP price is going to move there after it reaches the support at $0.3934.

However, I think that the changes for bulls and bears are equal currently. XRP price already established new local lows and bears have great chances to make new achievements. Bulls can also benefit from the situation when bears are exhausted.

Take a look at EOS (EOS/USD) Price Analysis, August 7

Bitcoin, Ethereum, Ripple, EOS, NEM Slightly Gain, Bears Seems to Lose Control: Price Analysis, August 6



Bitcoin and altcoins develop upside corrections, bears lose control over the market

Hello, this is Andrew Strogoff again and we are going to dive into Bitcoin and altcoins price analysis again. Looking through charts and events I am wondering what the hell is going on with the crypto market.

I have carefully studied everything that has happened in the past week and found nothing that could help me to understand the reason for such a significant decline. The price seems to live its own life separately from fundamental analysis.

There is nothing important that could affect the quotes and lead to such a huge downtrend. I personally think that this decline is due to the lack of interest from investors. It is summer time and most of them have fixed their positions in order to spend some money on holidays.

As for news, I have some interesting events to give you. The first one comes from the US. North Carolina has prohibited to donate in cryptos for political purposes meaning the candidates are not allowed to take contributions in Bitcoin, e.g.

Bitcoin and altcoins cannot be considered as money according to the Dutch central bank. This is a strange decision. However, there are no plans to ban cryptocurrencies neither to restrict their implementation.

Bitcoin (BTC/USD) develops its downtrend, bulls hope for correction

Bitcoin has added more than one percent in the past 24 hours. However, the currency pair has lost nearly 13 percent in the past seven days meaning we are still within the downtrend stage. BTC/USD had a significant decline during the past week and now this downtrend is stopped due to some technical reasons.



Bitcoin is trading below the red descending trend line meaning we are still in a downtrend. However, the currency pair has reached the support area at $6,943 and stopped there. Bears seem to be tired and need some rest while bulls are full of power and they are ready to counterattack.

BTC price is close to the resistance area at $7,181 currently and I think BTC/USD is going to test this level in the nearest future. My main scenario for the next 24 hours is bullish as I think buyers are able to develop this upside correction at least.

I have set the targets higher at the resistance area at $7,565. To reach those targets, Bitcoin will have to pass a couple of resistance areas. However, if bears come into play again, they will be able to push Bitcoin even lower, below the current support at $6,943.

Ethereum (ETH/USD) downtrend is over

Ethereum has added more than one percent in the past 24 hours meaning the downtrend is paused at least. However, the currency pair has lost over 11 percent within the last week and established a strong downside tendency.



I can see some signs of reverse on the four-hour chart currently. The first one comes from graphic analysis. We have a double bottom pattern as the price has tested the support area at $404.55 twice and failed to break through.

We are below the descending red trend line currently, but Ethereum tries to fill the gap between its current position and this trend line. ETH/USD is close to the next resistance area at $417.28 and I think the currency pair is able to reach it in the nearest future.

I have set my target at $453.24. I think that Ethereum is able to reach this area in the next couple of days. Bears are exhausted and bulls seem to take control. However, if buyers are unable to pass this red trend line or the closest resistance area, they will be discarded to the support area by sellers.

Ripple (XRP/USD) flats: no gains, no losses

Ripple is one of the most resistible cryptocurrency from the top 20 as its losses for the past seven days are less than five percent. The currency pair has no tendency currently as it stays within the range. XRP/USD looks promising currently and I think it is going to reach my targets in the nearest future.



The currency pair has reached the support area at $0.4232 last week but failed to go lower. We have a clear flat situation and I can see that Bollinger Bands indicators have no direction currently. XRP price is close to its red middle curve and is ready to test it. If bulls succeed, they will be able to go further targeting the closest resistance area at $0.4495.

I have set my targets even higher as I think that XRP/USD is going to develop the uptrend in the nearest future, aiming $0.4744 this week. However, bears may counterattack at $0.4495 and retake control.

Take a look at EOS (EOS/USD) and NEM (XEM/USD) Price Analysis, August 6