Tag: resistance

BitShares Technical Analysis for 04/29/2016 – Pivot at 0.0000085 Still Relevant

While the BitShares exchange rate has recovered somewhat this week, the pivot zone at 0.0000085 is still being respected by the market. Including today, the 0.0000085 price level has acted as support a total of three times during the month of April, and once as resistance on the 26th. If the market doesn’t slip under 0.0000085 today, we could see a rally back up to 0.0000092. The 0.0000092 level started …
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Ethereum Technical Analysis for 04/29/2016 – Price Can’t Stay Above 0.01725

Since the 26th, the Ethereum bear market has taken a bit of a break and price has started to trade in a sideways market between 0.01725 and 0.0162 – two pivot zones that I outlined in my last ETH technical article as potential areas interest for traders.   The 0.0162 area is now acting as support; 0.01625 provided support on the 28th; 0.016 acted once as support today. While price …
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Factom Technical Analysis for 04/27/2016 – Pivot Zone Overview

Once the Factom exchange rate slipped underneath the 0.00316 pivot level – which I wrote about in my last Factom article – price tumbled all the way down to the massive pivot zone at 0.0021, where the market finally found support. Why 0.0021? Well, the 0.0021 level has an extensive history that goes back to January 15, 2106, when this area first started acting as support. Since the 15th, 0.0021 …
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Ethereum Technical Analysis for 04/27/2016 – Will 0.017 Turn Into Resistance Today?

Since breaking underneath the big pivot at 0.017 several days ago, the Ethereum exchange rate has managed to climb back to 0.017. However, this area may now start to act as resistance. Actually, to get a little bit more specific, between the 22nd and 25th, 0.01725 propped-up price above eight times!! Given the long-term as well as the most recent history of this area, it is very likely that the …
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