Tag: resistance

Gridcoin Technical Analysis for 11/25/2015 – Bull Market Continues

In my previous Gridcoin technical analysis from last week, I outlined the significance of the 0.000032 price level and why it is a good candidate for turning into support. Since that last article on the 20th, this former resistance zone has now turned into a double-support area. Price has also had a hard time surmounting 0.000035. This area first acted as resistance on the 26th of October, and then again …
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BitShares Technical Analysis for 11/23/2015 – Lots of Pivot Zones

BitShares experience a lot of volatility during Bitcoin’s meteoric rise to $500, but the market has settled down significantly since that time. The 2-hour chart is showing that a major pivot zone has formed at 0.0000095. This level acted as resistance about four times between the 5th and 9th of November. Once price broke through this level on the 10th, this area then turned into support, when price retraced back …
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Monero Technical Analysis for 11/21/2015 – Big Pivot Area Breaks

The upward momentum that Monero experienced during the beginning of November has now dissipated. Price has broken underneath a very significant pivot zone. In my previous Monero technical analysis article on the 9th of November, I elaborated on the technical significance of the 0.00122 level. This pivot has now propped-up the market about three different times this month, but price managed to close underneath this area yesterday. The 0.00122 has …
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Gridcoin Technical/Fundamental Analysis for 11/20/2015 – Block Reward Drops Today

Gridcoin has continued drifting higher since the last major rally at the end of October. Price is now approaching the previous high at 3900 Satoshis, which was put in on the 25th of October. Although GRC is in a bull market, the buy side of the orderbook has thinned considerably since my last Gridcoin technical analysis article. In my last piece, the orderbook had about 47 BTC in buy orders …
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