Crypto Currency Technical Analysis (Sep 25, 2017)

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This blog is for general informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any currency/asset. Information in this blog has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Therefore, investment products mentioned in this blog may not be suitable for all investors. Any person considering an investment should seek independent advice on the suitability or otherwise of a particular investment. In any event, past performance is no guarantee of future results, and future results may not meet our expectations due to a variety of economic, market and other factors.

 

Crypto Currency Technical Analysis:

NEO/USD:

  • Downward correction which started on 14th august, 2017 has been over with strong bullish engulfing candle on daily timeframe chart.
  • Strong support line is near 0.0040 – 0.0045 area.
  • Coin is expected to move higher from here, followed by first resistance level at 0.0068
  • We bought this coin at 0.0048 with intended target at 0.0096 (R-2 LEVEL) in 60 days

 

XEM/BTC:

  • Coin is expected to move high slowly.
  • First resistance ahead at 0.000065 level which in my opinion won’t hold this time.
  • Resistance level R-2 is much strong which could be coin’s target in near future.
  • Expected Time required to reach target level is 60 days.

 

ArtByte/BTC:

  • Downward trendline has been broken at support level with strong bullish candle.
  • Coin may dip to 160 satoshis level before resuming it’s uptrend.
  • Expected Target area is 300 satoshis which is first resistance level in my opinion.
  • Expected time required to complete this pattern is 60 days.

 

KORE/BTC:

  • Coin may have correction ahead to retest the support level which acted as resistance earlier.
  • Support is at 0.001 level which is trendline support as well as previous resistance.
  • Expected target is 0.002000 satoshi in 60 days.

 

MY CURRENT HOLDINGS/TRADES/OPEN POSITIONS:

  • SAFEX with target 500 satoshi
  • Snt with target 1350 satoshi
  • BCC with target 0.203 level
  • Neo with target 0.0096 level
  • Lbry with target 11000 satoshi
  • TenxPay with target 0.00079 level
  • Qtum with target 0.00285
  • Monaco with target 0.0031
  • Gbyte with target 0.077

 

 

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