There might not be much activity on Litecoin from a longer timeframe perspective today, but zoom into the lower timeframes, and we can find some real technical nuggets. Let’s take a closer look at the current LTC/USD chart on the fifteen minute timeframe below (click to expand): I’ve performed the latest Fibonacci study from the high of today […]
PPC/BTC Technical Analysis – 2nd May 2014 By Ashton Fraser on May 2, 2014 in Trading After a steady rise over the past few days, Peercoin vs Bitcoin has retraced quite some distance. Will the bears continue to take hold? Let’s take a closer look at the latest PPC/BTC chart on the four hour timeframe (click to expand): […]
Despite a fall below 2 on Peercoin yesterday, we do now have some decent support which looks to have stopped the sell off in its tracks, yet – will it be able to hold? Let’s take a closer look at the latest PPC/USD Daily chart below: I’ve performed the Fibonacci study from the low at 1.536 on […]
Namecoin continues to hover around 2.5 this week, carrying on from last week, although we could see some bears pick up momentum fairly soon. Let’s remind ourselves of what happened last week on NMC/USD, since it’s imperative we have this in mind for our current analysis. I’m pasting here the Fibonacci extension study from last week (click to expand): […]
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Bitcoin started at 483 in the early hours of this morning, rising to a high of just over 500, but as I type, price has come back down to 483 again – there is a clear struggle between the bulls and the bears, each of them attempting to set the tone for this coming week. Let’s take a closer […]
Bitcoin has been fluctuating between 530 and 470 over the past 24 hours, it seems this may continue for the next few candles, but with the bears aiming to gain the upper hand. Let’s take a closer look at the current BTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the low of the […]
Litecoin goes beyond 14 this morning, only to be pegged back with a firm bear tug. Let’s take a closer look at the current LTC/USD hourly chart below (click to expand): I asked the question in yesterday’s analysis, “Will the bulls have enough to break the this latest resistance?” Well, the market has unequivocally answered […]
Litecoin vs Bitcoin fell this morning to 0.0224, only for there to occur an intense, sharp reversal, initiated by a very rare but powerful price pattern. Let’s take a closer look at the LTC/BTC four hour chart below (click to expand): I’ve performed the Fibonacci study from the low at 0.0224, until the high at 0.0263 Check […]
After yesterday’s slump, Peercoin appears to have settled, with some consolidation taking place over the past eighteen hours, but we could see further bullish retests of a certain Fib level later today. Let’s take a closer look at the PPC/USD hourly chart below (click to expand): I’ve performed the Fibonacci study from the high of the month (on […]
