Market Update: Top Coins for the Week!

in cryptocurrency •  7 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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@nakedtrader

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

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7 years ago by

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      ·  7 years ago 

    Thanks for sharing...

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      [-]
        ·  7 years ago 

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

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          ·  7 years ago 

        This post was resteemed by @resteembot!
        Good Luck!

        Learn more about the @resteembot project in the introduction post.
        Also - check out @reblogger, by reading this post.

        Check out the other content resteemed by @resteembot.
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            ·  7 years ago 

          thanks for sharing bro

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            [-]
              ·  7 years ago 

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

            TIA

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              [-]
                ·  7 years ago 

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

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                [-]
                  ·  7 years ago 

                Please share with me.

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                  [-]
                    ·  7 years ago 

                  Can you give me link for the same.

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                    [-]
                      ·  7 years ago 

                    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.

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