Tag: technical analysis

Monero Technical Analysis for 05/23/2016 – Price Bouncing Around Established Pivot Zones

The two pivot zones – 0.0021 & 0.00225 – that I outlined in several prior analyses (05/05/2016 and 04/22/2016), are continuing to exert their influence on the Monero exchange rate. On the 20th, the market managed to make it above 0.0021, and this area served as support about four times, before the market made it under this level again, today. Between Saturday and Sunday, the 0.00225 pivot also acted as …
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DASH Technical Analysis for 05/23/2016 – Market Trading Above 0.0175 Pivot Zone

DASH has been in bullish mode since the beginning of the month and the market has overcome a number of significant pivot zones so far. The 0.0175 area – which acted as resistance towards the end of March and early April –  is now acting as support. If there is to be a continuation of the current trend, the market must stay above this pivot area! Even if 0.0175 doesn’t …
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StorJ Technical Analysis for 05/23/2016 – 0.000185 Turns Into Support Again

In the past week, the StorJ digital token has rallied on news the developer team will be launching the StorJ open beta on the 2nd of June in Berlin, Germany. This news also managed to push price above a major pivot zone: 0.000185. This level was used about six times as support between March and April, before the market broke underneath this level on April 24th. Since breaking back above …
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MAIDsafe Technical Analysis for 05/23/2016 – Another Big Move Imminent?

The MAIDsafe digital token rallied quite hard on May 17th, but since then, price has been trading in a sideways fashion and the trading range is getting progressively narrower. A very clear triangle pattern is visible on the 2-hour charts! This tell me only one thing: pressure is building up. Triangle formations usually resolve with violent bursts, therefore, I would say that the chances of another big move are increasing …
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