Tag: technical analysis

MAIDsafe Technical Analysis for 05/30/2016 – 0.000119 Pivot Zone Turns Into Support

The MAIDsafe exchange rate is finally trading above the major pivot zone at 0.000119. Since the 27th, the market struggled to get above 0.000119; six times to be exact. However, that changed yesterday, when the price finally managed to break above 0.000119, with 0.000119 acting as support. But there is another obstacle the market needs to overcome: 0.000125. Once price slipped underneath this area on May 24th, 0.000125 has acted …
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LISK Technical Analysis for 05/30/2016 – Pivot Level Overview

While the Lisk digital token has only been trading for about seven days on the Delaware-based digital currency exchange Poloniex, the Lisk charts show some distinct price level that may be of interest to investors and speculators. For instance, the 0.0008 price level has been used multiple times as support/resistance since May 28th; three times as support between last Thursday and Friday; two times as resistance on Sunday. Since breaking …
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Ethereum Technical Analysis for 05/30/2016 – Market Primed For Another Big Move

Bitcoin’s recent price appreciation has had a negative impact on the exchange rates of many alternative digital currencies, including Ethereum. However, since Friday, the ETH market has found some stability. Additionally, there are some technical patterns on the charts that are hinting at another big move. For instance, the 2-hour chart is showing a clear Head & Shoulders pattern, with each shoulder having been tested twice. This indicates a lot …
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SIAcoin Technical Analysis for 05/25/2016 – 55 Satoshi Support Level Holding Up Price

Since SIAcoin started trading on Poloniex in September, 2015, the range between 38-40 Satoshi has acted as resistance about five times. On May 19th, the market finally broke above this big resistance range. It is recommended for every trader to be aware of the technical significance of this price range, as this area may act as a support buffer at some point in the future. While the SIAcoin exchange rate …
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