Tag: resistance

Ethereum Technical Analysis for 05/30/2016 – Market Primed For Another Big Move

Bitcoin’s recent price appreciation has had a negative impact on the exchange rates of many alternative digital currencies, including Ethereum. However, since Friday, the ETH market has found some stability. Additionally, there are some technical patterns on the charts that are hinting at another big move. For instance, the 2-hour chart is showing a clear Head & Shoulders pattern, with each shoulder having been tested twice. This indicates a lot …
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SIAcoin Technical Analysis for 05/25/2016 – 55 Satoshi Support Level Holding Up Price

Since SIAcoin started trading on Poloniex in September, 2015, the range between 38-40 Satoshi has acted as resistance about five times. On May 19th, the market finally broke above this big resistance range. It is recommended for every trader to be aware of the technical significance of this price range, as this area may act as a support buffer at some point in the future. While the SIAcoin exchange rate …
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Monero Technical Analysis for 05/23/2016 – Price Bouncing Around Established Pivot Zones

The two pivot zones – 0.0021 & 0.00225 – that I outlined in several prior analyses (05/05/2016 and 04/22/2016), are continuing to exert their influence on the Monero exchange rate. On the 20th, the market managed to make it above 0.0021, and this area served as support about four times, before the market made it under this level again, today. Between Saturday and Sunday, the 0.00225 pivot also acted as …
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DASH Technical Analysis for 05/23/2016 – Market Trading Above 0.0175 Pivot Zone

DASH has been in bullish mode since the beginning of the month and the market has overcome a number of significant pivot zones so far. The 0.0175 area – which acted as resistance towards the end of March and early April –  is now acting as support. If there is to be a continuation of the current trend, the market must stay above this pivot area! Even if 0.0175 doesn’t …
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