Technical analysis: STEEM/BTC; DASH/BTC;ETC/ETH; Monero/BTC

dedi (48)in #steem • 8 years ago

Hi, Steemers! New post about technical analysis!

Steem/BTC

As predicted last time, Steem / Btc currency pair has reached its low 0.1224.
If you acted as we forecasted the last time, you could earn 30%. Now the situation is following: the lowest volatility was in the previous session, which gives us understanding that the end of the downtrend is near.

That is what we saw today. There was a change in trend and now we are going up. Firstly, we need to test the level 0.0023, which was previously the level of resistance. When we reach this level, you could earn about 46%. A large volume on the last bar tells us that the upward movement will continue.

Aim: 0.0023

Resume: Buy

Dash/BTC

Dash / BTC for the past month is moving in flat at it`s high - 0.02646. Break through the resistance level of 0.01938 gave a strong impulse for upward movement. For consolidation above this level, we have to test the 0.01938 and go down from this level. Volumes peak is the past. Therefore, we will move to the level of 0.01938 rather slowly. This movement could bring you 7.54% profit.

Aim: 0.01938

Resume: sell

ETC/ETH

The last forecast worked too. After reaching the levels of the minimum volatility, we have a strong up bar – about 10%. It looks like now is a bear market. The prospect of downward movement to a level of 0.089 could give you up to 23% profit. There is an evident of bear pressure on the market, as well, as break through the strong resistance level of 0.12345 indicates a further downward movement prospects. We suggest to take a short position.

Aim: 0.089255

Resume: Sell

----------

Monero/BTC

Abnormal movements are happening on Monero/ BTC pair. After reports of receptions Monera in dark pulls, its growth doesn t stop. For more than a week, quotes grew up on more than 360%. Volatility and volumes are on historical highs. Many traders already hold a short positions and waiting for a correction. Perhaps we will see test of 0.01107 level. We suggest not to take any position because risks are too high and we don`t know where it can move.