Market Update: Top Coins for the Week!

in #cryptocurrency7 years ago (edited)

Bitcoin (BTC/USD)

  • Massive sell volume (biggest in months)
  • If price struggles at resistance, expect another sell-off to $3,800

Nexus (NXS/BTC)

  • Looking to breakout from the pennant either way. Keep an eye on this one!
  • Down = 61.8% fibs level, Up = who knows

Lisk (LSK/BTC)

  • Very bullish pennant (higher lows)
  • A break above should bring in big volume. A break below support (blue box) will see support retested

Rise (RISE/BTC)

  • Consolidating right on support within the 61.8 - 78.1 fibs
  • I expect it to break to the upside (which would see a quick 30% gain), but keep your eyes on this one!

Verge (XVG/BTC)

  • Another pennant for Verge, will it break even higher?
  • Break below we are looking towards the 50% fibs

Siacoin (SC/BTC)

  • At the bottom of consolidation channel
  • Doesn't really have much room left below (good risk:reward)

Monaco (MCO/BTC)

  • Keeps bouncing off major support (bad news if this breaks)
  • In the 61.8 - 78.1 fibs buy zone
  • Look for downtrend to break upwards to enter long

Happy Trading!


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All information is presented for educational purposes only and does not constitute financial advice

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Thanks for sharing...

I'll have a look into these, thanks for the update.

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thanks for sharing bro

Hello Nakedtrader, For novice like me, would request you to quote a buy at number.

TIA

My other blogs go more in depth about buy/sell zones

Please share with me.

Can you give me link for the same.

Just look at @nakedtrader and click on a blog talking about the coin you want to see. I post a new one each day, says support (buy zones) and resistance (sell zones) in them.