NEAR/USD ForecastThe daily chart shows that yesterday’s melt-up lifted NEAR Protocol above a descending trend line at $6.90. This accelerated the buying, and as a consequence, NEAR cleared the previous all-time of $7.4500. This now becomes the first level of support, followed by the former trend resistance, now seen at $6.85.
How far can the rally take NEAR? Considering the performance against a weaker market backdrop, the price action is definitely positive. Although the parabolic nature of yesterday’s advance has left the market looking a bit stretched. The Relative Strength Index is extremely high, and its 80.10 reading may lead to a correction.
In saying that, as long as trend support holds, the NEAR protocol price looks good. Just how good is hard to say. That depends on how the broader market fares in the coming days. Personally, I think chasing this rally is risky until stability is confirmed.
However, that made no difference yesterday, and if the price manages to clear Tuesday’s $10.45 high, it could well extend even higher. However, a correction is more probable.
Feel free and get in touch for more updates, signals and trade alerts
Btcnews
QNTUSD AnalysisQuant is a fast-growing blockchain network that is in the enterprise industry. The platform’s goal is to connect all the world’s distributed ledgers to help create fast growth. The developers have already built the Overledger DLT gateway that helps to deliver interoperability across different systems, networks, and DLTs.
The hourly chart shows that the QNT price has been in a major bullish trend in the past few weeks. In fact, this rally could be described as being parabolic. It has moved slightly above the short and longer-term moving averages. It is currently slightly above the 23.6% Fibonacci retracement level.
With volume easing, I suspect that the coin will likely have a major pullback as bears target the key support at $278, which is along the 50% retracement level. On the flip side, a move above $385 will invalidate the bearish view.
MATICUSD AnalysisMATIC pictured consolidation and is priced at $1.63 after registering a price hike over the previous day. Currently, MATIC stood few notches below its three months high. The immediate support level for MATIC was at $1.38 and then at $1.28. MATIC hasn’t traded below the $1.28 level in almost three weeks.
Technicals are positive, Buying pressure noted an uptick and the Relative Strength Index stood above the mid-line. Awesome Oscillator flashed green signal bars. Bollinger Bands were converging somewhat and noted low volatility.
In the event of MATIC breaking its rangebound movement on the upside, it might attempt to topple its three-month high of $1.70 and set a new high
Feel free and get in touch for more updates, signals and trade alerts
LTCUSDLitecoin is a first-generation cryptocurrency that is often seen as a good alternative to Bitcoin, as a result, the two coins have a close correlation. When Bitcoin rallies, Litecoin follows close by and vice versa. In fact, the LTC is currently in a consolidation phase because Bitcoin has found some resistance at the highest level since last week.
Turning to the chart, we see that the LTC price has been in a strong bullish trend in the past few weeks. At the same time, it has formed what looks like a bullish flag pattern. This pattern tends to be a bullish signal in price action analysis. It has also formed what looks like an inverted head and shoulders pattern.
Therefore, the Litecoin price will likely break out higher as bulls target the key resistance at $250. On the flip side, a drop below $150 will invalidate this view.
BTC weekend sale is over - what's next?BTC weekend sale is going to be over. This weekend BTC followed the correction movement and now is very close to the strongest support level of 31000.
This fall was due to several reasons. The anticipation of some traders for a “Cross of death” that may show a signal from bullish to bearish trend. More news for another ban by the authorities of the Chinese province of Sichuan, which ordered the miners to stop their activities until July 20. Re-establishing correlation with all stock markets.
But all this negative will not negate the growth in the medium term. Miners will be sheltered in other countries. BTC continues its legal way. The inflationary expectations are only in favor of Bitcoin in the medium term, since Bitcoin is the most inflationary of all assets.
Scalper Season analytics have an idea that BTC is going to retest the strongest support level of 32500 - 31000. It can happen soon, as a result of last impulse. Than we can see the return to 37000. If there will be enough buyers (we know it will), BTC will continue to grow and will rich 40000.
More USDT was printed last days, so it’s a good time for whales to begin shopping!
BTC updateWe have a ascending channel here which leads BTC and we have a strong resistance between red lines. it can be BTC way to ascend to 48k or dump it down to 32k. the candles are daily but if u switch to 4h candle you can see the channel too. all of it depends on that resistance which dumped BTC once in last days.
Bitcoin - a repeat of the 2019 situation? BTC/USDTGood day, dear friends.
Bitcoin / usdt pending
Work takes place at 4h TF.
The work takes place inside strong levels, where the big player has shifted his position.
I expect a smooth decline down ...
Maybe I'm wrong, but that was exactly what happened in 2019, where many traders forgot about it "News With China"
Otherwise, everything can change in a matter of seconds. (This is a crypto market)
I view this situation as the first sign of the upcoming Altcoin season.
Because yesterday's Dogecoin Pump is a harbinger of such a season.
Plus, if we talk about the Dogecoins themselves, this is a dark horse under the guise of XRP
If you follow the news, study the information, you should know that Dogecoin will work with #XRP AND #XLM
But now let's talk about Bitcoin - the work took place in the "bull flag"
Going beyond the border of this channel, for many, means continued growth. (I wouldn't be so sure)
Today in private trading - 3 target and total profit of 4150 pips / $ were achieved
We have already opened one more position, the result of which I will publish to you in the next trading idea.
Respect your risk and money management, trade wisely, be flexible, and don't buy where things are growing fast.
Bitcoin Updates|Whats Next? 7000$ Or 5800$???#BTC Updates!!!!
After A Huge Dump BTC Managed to breakout from Falling Wedge And Pumped 600$ From Support Level.Now Its Facing Some Tough Resistance At 6400$-6500$.
MA50 Resistance At 6380$
EMA10 Resistance At 6450$
Horizontal Resistance At 6500$
BTC Need To Cross Those Resistance For One More Leg Up From Till 7000$.
But If BTC Fail To Cross Those Resistance Then We Will A Dump Towards Our Support Level 6050$ Then 5800$..
Stay Hone Stay Safe.Good Luck
T.me/cryptospecialsignal
Bitcoin The Master Of All Assets | A Tremendous Performance 2019The leading cryptocurrency is currently being traded at $7221 as per Bitfinex, which shows more than 100% move from the starting of the year upto today's date.
BTC's price action took bullish divergence from $3500 to $13764 in the first six months after that we can see the price correction around upto 0.618 Fibonacci levels.
During this bullish move Facebook’s launch of cryptocurrency Libra in June further boosted buying of Bitcoin.
The excitement, however ended in the third quarter with fear gripped the market that Libra might expedite the process of regulation for the entire crypto market.
The sell off was very prominent by miners selling their bitcoin rewards in the final quarter.
On 18 Dec 2019 we have seen that recently the Bitcoin has lost more than 52% of its value falling from $13764 to $6477 and it is also reported by Press Time earlier previous week.
Despite this downward correction move the overall Bitcoin performance is very positive as mentioned above it is performing better than gold and S&P 500 in a very positive way.
Even though the gold is a classic asset and it is being traded at $1518 / OZ and it is up more than 19% on a year to date on the other hand the s&P 500 index has gained more than 28% since starting of 2019 and at the time of writing it is at the same position and that is the biggest gain in the year since 1997.
Gold 2019 performance:
s&p 500 2019 performance:
While on the other hand the Bitcoin's more than 100% gain in a year of 2019 looks shocking when we compare with the traditional markets.
But if you compare this gain of BTC with its historical yearly gains then it looks less impressive
So the Bitcoin has not even proved it self the king of all cryptocurrencies but also the master of all assets.
Regards,
Atif Akbar (moon333)
BTCUSD BREAKOUT from the Bullflag @94++AFER breaking the Consolidation range in the Bull Pennant we have an Upward trend.In Zone 1 retesting support at $9300 range and a strong bounce on the 4hr chart as seen above. A close above $9407 would be a higher high in 4hr and a midnight close above $9470 would be a good BULL SIGNAL, The next 6-12 hrs will dictate the playout in Zones mentioned above are all Targets.on the Short, we need to hold $9250 and lower Stop Loss at $9150 9100. Lot of There USD 150 Million has been printed and distributed in last 24hrs to Asian Thether Exchanges, there is a reason for this, it holds lirrle value as an investment when markets traders are seeing a bullish move to come, the Whales are moving... common corilation with USDT in past + Voiitility is here the close tonight we setup the Trend follow through.
If you lke this Artocle then Like or Follow Thanks.
I dont do fany future predictions with fancy prediction tools, (my Cat can do this)
i use studied ,tried and tested fundamntal TA, and a few indicators to Validate my Analysis
All i ask back is ,Please Like and Follow, if you feel this helped you make and opinion.Thanks
BTCUSD Part 2: Where are we at? @9300So the Markets are battling support and resistance level for BTC 9300-9470 ranges to clear before we have a clear insight into where this will go. Included in the 1hr candle chart above is the XRPBTC tracker in the Orange, the market is undecided as to which will start the run....ADX and Macd, show signals and strength to the up. These moves should play out shortly, expect some Short Bot hunts, but Long this looks good. On the 4Hr Candles we are coming out and up from the Bull Flag , and on the 1Day we can see a Clear Large Cup and Handle forming, about to swing........Thanks
Monday BTC news comingG20 leaders had called for taxes on cryptocurrencies during the summit weekend in Argentina.
That is of course lead to the fact that Bitcoin and other first cyptos all slipped on Monday in Asia.
After the latest more or less good news about stabilizing Bitcoin, it lost 5.04% to $4,041.3 by 10:31 PM ET (03:31 GMT) on the Investing.com index. Quite a siginificant drop, compared to the Ethereum down -4.59% and XRP - 3.37%
Bitcoin continues to fluctuates around $4000 range after losing roughly 40% of its value since mid-November.
Today in the morning (03/12) , it was reported that members of the G20 agreed to work on international effort for the regulation standards on cryptocurrencies to put it in the line with standards stipulated by the Financial Action Task Force (FATF).
The move is seen as an effort to curb tax evasion by investors and traders of crypto-assets.
Overall, the efforts of G20 finally will go only for the best for the majot crypto and conisdering such announcement, the BTC could be expected to raise in price this week. But not goving long-term predictions, I would say today it would continue the hold around $4,200.