Tag: resistance

MAIDsafe Technical Analysis for 05/16/2016 – Price Approaching Major Pivot Zone at 0.000128

The 0.000105 pivot area continues to be a dominant price level on the MAIDsafe charts. On the 14th, 0.000105 acted as support for a third time. Since bouncing off 0.00015, price has been rallying and is now approaching another major pivot area that may cause some problems: 0.000128, which was outlined in two of my previous MAIDsafe articles (05/09/2016 & 05/04/2016). Before I go any further, I would like to …
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Ethereum Technical Analysis for 05/16/2016 – Keep Your Eyes on 0.023 Pivot Zone

Since breaking under the 0.023 pivot, last Friday, price has been unable to break above this area, and the market has continued trading in a tightening range. In fact, the 30-minute chart shows a very clear triangle formation, which suggests that pressure may be building up for another big move. If price can break above 0.023 again, I would not be surprised to see the market make another attempt at …
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Factom Technical Analysis for 05/13/2016 – Will 0.0023 Turn Into Support?

My last Factom article – the one on the 4th of May – outlined the technical importance of the 0.00255 price level, and this area acted twice as resistance again, yesterday. Since first breaking under 0.00255, on the 3rd of May, price has been unable to get above this level so far this month. On the 4th, I speculated that if price was unable to break above 0.00255 at some …
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Ethereum Technical Analysis for 05/13/2016 – Major Resistance at 0.024

Today, the ETH exchange is hovering above 0.023 for the first time since the beginning of April. In the past two months, the 0.023 pivot zone prevented the market from breaking out on multiple occasions; three times to be more exact. Given the history of this very important technical level, I would say there is a very good chance that 0.023 may now start acting as support – which may …
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