Archive | alt coin nem

Altcoin Analysis: NEO, STELLAR LUMENS, EOS, LTC and NEM

Other than NEM, the middle BB is acting as a good support line in most altcoins. Because we were expecting Lumens and EOS to appreciate, we can see the big role the middle BB had in shoring prices. I anticipate more buy pressure as the week comes to a close but my main focus will […]

Altcoin analysis: NEO, XLM, EOS, LTC and NEM

Interesting developments over the last 24 hours and one noteworthy development is how alt coin NEO and LTC buyers are slowing down. For recovery, we need price pressures and most importantly close above middle BB in both cases. Talking of break outs, it’s only Stellar Lumens that is leading the way and XLM bulls are […]

IS DASH RECOVERY ON-COURSE OR SELLERS ARE ANGLING FOR ENTRIES?

Safe from stagnation at key resistance levels, most alt coins are inching higher. From price action, DASH recovery looks to be on course as buyers push prices higher. This was likely to happen. Relative to other coins, DASH bore the wrath of sellers after that serious dip to as low as $600. Despite the rosy […]

NEM SLOWS DOWN WITH POTENTIAL SUPPORT AT $0.53

Most alt coins are correcting and even in the midst of all this bear pressure, NEM slow down reveals potential support at $0.53. It might be temporary, who knows but similar traits can be seen in several other alt coins including IOTA, LTC and DASH. Of course catching reversals at key supports can be dopamine […]

NEM TESTS $1.5 AND TURN LOWER. IS THERE A DOUBLE BOTTOMS?

As NEM tests $1.5, other high cap alt coins continue to consolidate. IOTA leads the pack while DASH and LTC follow closely but all of them wide lower and upper limits. As for Lumens, buyers can only take charge the moment they satisfactorily close above $0.7. Let’s have a look at other alt coin charts […]

LTC HOOKE’S LAW? BUY OR SELL?

Back to physics and LTC Hooke’s Law is what’s in play folks. From historical price set ups, the longer the stretch, the stronger the break out and I have emphasized that enough times. So maybe you should look at buying NEM, IOTA and Monero especially if it closes above that double top as trend resumes. […]

TIME TO BUY LUMENS

Thinking of break out trades? If so, it’s time to buy Lumens. Why? First, prices are reversing from key Fibonacci retracement levels and secondly, at the moment Lumens coin is hot property. As such, riding with positive vibes-or anti-FUD news is always a good move. Alternatively, if you are thinking of Monero buys, you should […]

0.00025 BTC IS IOTA’S MINOR RESISTANCE LINE AND A POTENTIAL BULL TRIGGER

Like LTC, IOTA’s short term trend depends on if prices will close above the minor resistance trend line. For IOTA, there are some spinning tops in the weekly chart while LTC sellers or BTC bulls continue to push prices lower towards the main double bottoms at 0.014 BTC in the 4HR chart. In the mean […]

BUY IOTA AND AIM FOR $5.5

It’s no doubt that it IOTA has been on a rough patch with sellers pushing prices lower. However, after that close above $4.2, just buy IOTA. Yes, and while at it aim for $5.5. Of course, after last week’s higher high, retracements and break outs, I was hoping LTC to spice up after waking up […]

BUY LTC AND TRADE THE BREAK OUT

It’s time to buy LTC and trade that bull break. Buy pressure is strong enough and now prices are trending above $275. In the mean time, the same bull pressure is visible with NEM reversing from the middle BB with a strong bull candlestick reversing from the middle BB. I also expect DASH, Monero and […]

MONERO MID-RANGE REVERSAL MAY DISRUPT SHORT TERM BEAR PROJECTION

Like most high cap alt coins, Monero mid-range reversal may disrupt our bear projection. Other than the lower lows visible in NEM-that is justifiable following a blast through $2, we expected sellers to push prices lower this week. This looks unlikely especially now that DASH prices are reversing and turning their guns to $1300. At […]

IOTA PRICES STALL AT $4.2

There is a minor recovery for most alt coins prices and as IOTA prices stall at $4.2, a bear pin bar is clear in NEM and DASH. It will be interesting for NEM especially now that sell pressure is expected anywhere at around $1.1. Unlike NEM, LTC set up is a little bit complex but […]

ALT COIN ANALYSIS: WILL DASH EVENING STAR PATTERN IN THE WEEKLY CHART DAMP PRICES?

Interesting price formation as we usher in the New Year. To begin with, a DASH Evening Star pattern is clear in the weekly chart and even though we expect short term buy pressure, the higher time frame pattern shall take precedence in our analysis. Besides DASH, we can see buy pressure building up in LTC–where […]

LTC FINDS RESISTANCE AT $250 AS IOTA CONSOLIDATES

  As IOTA consolidates, Monero and DASH are bouncing from the minor support trend line and the triple bottoms respectively. Of the 5 alt coins we are focusing on, NEM is the only token that has gained ground this week. NEM BUYERS EYEING $1.1 Nothing serious for NEM. Our trade plan is panning out well. […]

DASH AT THE PRECIPICE AS NEM BUYERS PUSH FOR $1.1

Interesting formation in the last 24HRs, NEM buyers might end up clearing last week’s highs at $1.1. While at it, USD bulls might drive LTC prices even lower to $200 and $150 now that $250 was sliced though like butter. LTC is not alone, look at DASH and check the triple bottoms…while sellers close below […]