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Ethereum (ETH)’s Fate Hinges On 0.786 Fibonacci Support

Chart for ETH/USD (4H) Ethereum (ETH) has been in the eye of the hurricane for the last few weeks. The price has taken wild swings to both sides. The 4H chart above for ETH/USD shows that the price has to take a definitive stand now. Ethereum (ETH) has currently found support at the 0.786 Fibonacci retracement level which is a very critical level for the future price action of Ethereum (ETH). If Ethereum (ETH) breaks below this level, it will be a sign of extreme weakness and the price can then be expected to break the long term descending channel...

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Golem (GNT) Likely To Reach McAfee’s Price Target Of $5 By End Of Year

Golem (GNT) is up 7% for the day while the rest of the market bleeds. Normally, this would not be a big deal but the chart above for GNT/USD on the weekly time frame shows us exactly why it is a big deal this time. RSI for GNT/USD peaked around January 2018 as shown on the chart. Since then, it has been on a steady decline trading in a falling wedge. After an extensive correction of nine months, RSI for GNT/USD has finally broken out of this falling wedge to the upside. This means that Golem (GNT) is one heartbeat...

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Why Bitcoin (BTC)’s Next Big Move Will Be Decisive

Bitcoin (BTC) is at a critical point at the moment. The moves it makes from here on out will determine whether the gradual shift in trend over the past few months has been of consequence or not. The above daily chart for BTC/USD shows that Bitcoin (BTC) cannot afford to mess around here. Since the month of July, we have seen a hidden bullish divergence. RSI seems to have found a strong support and is now expected to trade upwards from current levels. Similarly, wave trend profile for the above chart clearly shows a series of higher lows since July...

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Bitcoin (BTC) Has Historically Seen A Bullish Reversal In The Month Of September

Bitcoin (BTC) has historically seen a bullish reversal in the month of September. The weekly chart for BTC/USD shows that during its entire trading history on Coinbase, Bitcoin (BTC) has started a rally in September every single time. As Bitcoin (BTC) has already been through a correction, we should see three more of similar September rallies before the next correction. Between September 2015 and September 2016, Bitcoin (BTC) rallied but not as vigorously as during the rally that followed it. As we can see on the chart, this was the rally just after a correction. While Bitcoin (BTC) did reach...

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Litecoin (LTC) Risks Major Sell Off In The Days Ahead

Litecoin (LTC) risks a major sell off in the days to come. This is because Litecoin (LTC) is trading in two big rising wedges as seen on the LTC/USD 4H chart above. This means that before the 21st of September, Litecoin (LTC) can be expected to break this rising wedge and fall back towards previous lows. Given that Litecoin (LTC) looks even more vulnerable and weaker than most altcoins at this point, it is also probable that Litecoin (LTC) may fall below previous lows to find an actual bottom. Litecoin (BTC) has a support around $50 which in the case...

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