Tag: resistance

Monero Technical Analysis for 05/05/2016 – Pivot Level Overview

The importance of the 0.00225 pivot was outlined in my last Monero technical article – the one on the 22nd of April – and the market is continuing to respect this price level. Since the April 22, the 0.00225 area has been used as resistance about five times. Actually, if we drill down to the 15-minute chart on the 2nd of May, it can be clearly seen that the 0.00225 …
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Factom Technical Analysis for 05/04/2016 – Plenty of Pivot Zones on the Charts

The pivot zone at 0.00255 is continuing to influence the price action on the Factom charts. Since my last article – where I first outlined this pivot zone for the first time – the 0.00255 area has acted as resistance an additional four times, and also twice as support. Yesterday, price slipped underneath 0.00255, and today, this area has prevented the market from trading higher on two occasions. If 0.00255 …
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MAIDsafe Technical Analysis for 05/04/2016 – Important Pivot Levels

On the 22nd of April, the MAIDsafe exchange rate plunged under the key pivot zone at 0.000165 – which I outlined in my last article – and continued lower over the next several days, hitting a low of 0.00010133 on April 26. Since the 26th, the market has been oscillating around several key pivot levels: 0.000145, 0.000128 and 0.000115.   The 0.000145 level acted as support on two occasions during …
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Ethereum Technical Analysis for 05/03/2016 – Pivot Level Overview

Since the 29th of April, the Ethereum digital currency has staged two impressive rallies , but price has retraced now and some pivot zones are visible on the lower time frames. For instance, over the past few days, the 0.0205 level acted as resistance on two occasions; once on April 30; again on May 2. Today, ETH is trading just above this area and given its prior history – 0.0205 …
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