Tag: resistance

DASH Technical Analysis for 04/25/2016 – Triangle Pattern Signaling a Big Move?

Since breaking under the big pivot at 0.0159 – on April 10th – the DASH exchange rate has slowly drifted lower. Additionaly, in the multiple minor sell-offs that have taken place since the 15th, price has been unable to stay under 0.0138! Why? Because this level provided support on the 17th and 18th of March, and it seems that the market is continue to respect this technical area. Including the …
[Read More]

BitShares Technical Analysis for 04/25/2016 – Will 0.0000085 Halt The Bear Market?

In My last BitShares technical article, the one on the 10th of March, I speculated that the break of the big pivot zone at 0.000013 was a major event, and that a bear market may follow. Since that time, the BitShares exchange rate has continued to drop, hitting a low of 0.00000824 just today. While the selling has been very consistent over the past two weeks, price is now sitting …
[Read More]

Monero Technical Analysis for 04/22/2016 – Price Inching Closer to Major Pivot at 0.0021

In my previous Monero technical article I pointed out the importance of the 0.0027 area and the possibility of this level to continue acting as resistance. The market unsuccessfully attempted to break above 0.0027 on the 19th, and as a consequence, the 0.0027 level is now a triple-resistance zone. After failing to break above 00027, the market also broke underneath yet another significant technical level: 0.00225. This area has acted …
[Read More]

Ethereum Technical Analysis for 04/22/2016 – Last Line of Defense at 0.017

Several days ago, on the 19th, I wrote about the importance of the 0.0205 area and why the market may sell-off down to 0.019, if price slipped underneath 0.0205 at some point. Well, later that day, price made its way under 0.0205 and the market proceeded to sell-off down to 0.019. While the 0.019 price level provided support on two occasion this week, this level has acted as support a …
[Read More]