Tag: resistance

StorJ Technical Analysis for 05/23/2016 – 0.000185 Turns Into Support Again

In the past week, the StorJ digital token has rallied on news the developer team will be launching the StorJ open beta on the 2nd of June in Berlin, Germany. This news also managed to push price above a major pivot zone: 0.000185. This level was used about six times as support between March and April, before the market broke underneath this level on April 24th. Since breaking back above …
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MAIDsafe Technical Analysis for 05/23/2016 – Another Big Move Imminent?

The MAIDsafe digital token rallied quite hard on May 17th, but since then, price has been trading in a sideways fashion and the trading range is getting progressively narrower. A very clear triangle pattern is visible on the 2-hour charts! This tell me only one thing: pressure is building up. Triangle formations usually resolve with violent bursts, therefore, I would say that the chances of another big move are increasing …
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Factom Technical Analysis for 05/20/2016 – Pivot Level Overview

My previous Factom article, the one on the 13th, talked about the technical significance of the 0.0023 level and why it must hold as support, otherwise the bear market would continue. Since the 13th, the 0.023 area acted as support on multiple times and the market finally began to rally, yesterday. The 0.00255 pivot area – which I have described in two prior articles (05/04/2016 & 05/13/2016) – is still …
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Ethereum Technical Analysis for 05/20/2016 – Market in Overbought Territory?

ETH has been on a relentless bull market since Monday, and some important pivot zones have formed along the way. The market retraced quite heavily today as price is now trading right around the 0.0307 pivot area, which has been used multiple times this week; once as resistance on the 18th; four times as support on the 19th. If the 0.0307 pivot area fails to halt the selling, the next …
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