Technical Analysis 2017-08-28

BCH/BTC

Bitcoin cash is still in a downtrend but it has not broken the bearish triangle yet.
Resistance : 0.224000
Watch Level 1: 0.164067
Watch Level 2: 0.145140
Watch Level 3: 0.126214
Support : 0.066280

BTC/USD

There has been some profit-taking on Bitcoin, but the steady uptrend is still intact. Buyers can wait for it to go oversold to collect some more, provided the support is not broken.

Resistance : 4480
Watch Level 1: 4145
Watch Level 2: 4040
Watch Level 3: 3934
Support : 3600

ETH/BTC

Some buyers have decided to push up Etherium against the Bitcoin, with good volume. Now it is overbought, so do not rush to get in. It is easy to fall into a bull trap. You can wait for it to simmer down to collect some more.
Resistance : 0.086711
Watch Level 1: 0.078700
Watch Level 2: 0.076170
Watch Level 3: 0.073640
Support : 0.065629

IOTA/BTC

IOTA is still in the doldrums. It is not terribly overbought or oversold either. It not making an iota of any interesting move. Next!
Resistance : 0.00024680
Watch Level 1: 0.00022500
Watch Level 2: 0.00021800
Watch Level 3: 0.00021100
Support : 0.00018910

Litecoin/BTC

Litecoin has shot up and broken through the resistance, which is good news. Some of you might be angry with me for saying "wait!" yesterday. But this is hindsight wisdom. You could have been caught in a bull trap. But now it is confirmed that that the uptrend is real and continue. It is making a flag pattern. It is still overbought. So it is still a "wait"!
Wait to buy, but wait for better prices to get in. If resistance is broken, you can look forward to some price targets upwards.

Up Target 4 : 0.018218
Up Target 3 : 0.016913
Up Target 2 : 0.016501
Up Target 1 : 0.015883
Resistance : 0.014784
Watch Level 1: 0.013479
Watch Level 2: 0.013067
Watch Level 3: 0.012655
Support : 0.011350

Monero/BTC

Monero is in a strong uptrend but the bulls are now tired. Those who bought earlier are taking profits. If you want to buy, wait for it to go oversold and then get in for perhaps one final push up. If not, then stay away for the moment.
Resistance : 0.029600
Watch Level 1: 0.025382
Watch Level 2: 0.024050
Watch Level 3: 0.022718
Support : 0.018500

NEO/BTC

NEO is still in stuck in The Matrix. It is waiting for somebody to supply the red pill.
Resistance : 0.013980
Watch Level 1: 0.011532
Watch Level 2: 0.010759
Watch Level 3: 0.009986
Support : 0.007538

OmiseGo/BTC

There has been some buying interest in OmiseGo, judging by the volume. But it is now overbought. So wait to buy. Never rush. Never trade on emotions.
Resistance : 0.0023725
Watch Level 1: 0.0019646
Watch Level 2: 0.0018358
Watch Level 3: 0.0017069
Support : 0.0012990

Ripple/BTC

Ripple is now cRIPPLEd versis Bitcoin. There is no volume coming in to support it. The moving average has in fact curved down. So it is in a confirmed downtrend.
Resistance : 0.0000742
Watch Level 1: 0.0000591
Watch Level 2: 0.0000544
Watch Level 3: 0.0000496
Support : 0.0000345

Steem/BTC

There has been some profit-taking on Steem but the uptrend is still intact. In fact it is now oversold. That means it is a good opportunity for new buyers to come it. Those who lost faith earlier are going to regret! Now is a good time to buy.
Once the resistance is broken, we can look forward to some nice upside target prices.
Up Target 4 : 0.0004353
Up Target 3 : 0.0004029
Up Target 2 : 0.0003927
Up Target 1 : 0.0003774
Resistance : 0.0003501
Watch Level 1: 0.0003177
Watch Level 2: 0.0003075
Watch Level 3: 0.0002973
Support : 0.0002649

Gold Futures

Gold is inching up on good volume. However, the resistance is not broken yet. It is overbought currently.
Resistance : 1306.9
Watch Level 1: 1293.9
Watch Level 2: 1289.8
Watch Level 3: 1285.7
Support : 1272.7

Silver Futures

Silver is also inching up on good volume, and the resistance is not broken yet. It is also overbought currently.
Resistance : 17.32
Watch Level 1: 17.03
Watch Level 2: 16.94
Watch Level 3: 16.85
Support : 16.56

[ Note: This post represents my opinion only and is not to be construed as financial advice. I do not discuss my trading positions. You alone are responsible for your own trading. Do your own due diligence. ]

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