High Probability Forecasts

[pro4Xtrader 10]

TRIG Token Is About To Go Higher?

 

Trig Token found the support at $0.45 which has been rejected multiple times, after which it broke above the high established on the 25th of October, going as high as $1.6. However, the corrective wave down followed which brought TRIG/USD down to $0.63.

 

Since then Trig Token has been producing higher highs and higher lows while rejecting the uptrend trendline. It seems that Trig Token is about to go higher where multiple resistance levels should be watched.

 

Fibonacci applied to the corrective wave after the descending channel breakout shows the upside target map, starting with 427.2% retracement level at $1.8, and ending at 827.2% retracement level at $3, which could be the final upside target for the potential upcoming wave up. On the downside, only break below the $0.45 would invalidate bullish outlook.

 

Source: TRIG Token Is About To Go Higher? | CryptoPost

 

[pro4Xtrader 10]

AdEx Another 100% UP?

 

AdEx finally managed to break above the resistance at $1.5, that has been established back in October. There were few attempts to break above that level, but only on the 17th of December price closed above.

 

Prior to that ADX/USD bounced off the uptrend trendline and the 50 Moving Average on the Daily chart. In addition, it started to produce higher highs and higher lows, suggesting that the uptrend is about to start.

 

The nearest upside target is seen at 127.2% Fibonacci applied through the all-time high, and that is at $3.25. This is a 100% growth potential for AdEx in a relatively short period of time. Break above that resistance will confirm a longer-term uptrend, while rejection should result in a corrective wave down. Only a close below the 50 Moving Average could invalidate bullish outlook.

 

Source: AdEx Another 100% UP? | CryptoPost

 

[pro4Xtrader 10]

MelonPort Breaking Out Of The Triangle

 

Melon has managed to finally break above the triangle pattern and $120 resistance. Prior to that, it has bounced off the uptrend trendline and the 200 Moving Average.

 

The trend now became very bullish with more upside potential. First strong resistance and the potential target is seen at 227.2% Fibonacci retracement level applied to the corrective wave from the last all-time high produced in June.

 

The price target is $228, while currently, Melon is trading at $130. This makes a potential short-term growth of 70%. Break above the target will add more volume and volatility, as well as a much higher upside target. Nevertheless, break below the Moving Average could result in a trend reversal.

 

Source: MelonPort Breaking Out Of The Triangle | CryptoPost

 

[pro4Xtrader 10]

Nexium / Bitcoin – The Big Turnaround?

 

Nexium found the support at 1140 satoshi that was confirmed by a 427.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. There was a very clean support rejection and besides this the previous bottom price of the Nexium back in the end of 2016.

 

This is indeed a key price for NXC/BTC and while the support is being rejected, it could result in a huge turnaround in favor of the Nexium. The price could potentially just 5-10 times, but of course, it yet to be seen and it could also be just a corrective wave up.

 

Nevertheless, the growth potential is huge, at least compared to the risk. Only a daily close below the 10k satoshi psychological support could invalidate bullish outlook.

 

Nexium / Bitcoin ? The Big Turnaround? | CryptoPost

 

[pro4Xtrader 10]

StealthCoin Taking a Break

 

Following the previous idea on StealthCoin, it has reached the upside target at $1 – 527.2% Fibonacci retracement level and went even higher. XST/USD produced an all-time high yesterday testing $1.4. At this price was the 727.2% Fibs retracement level it was clearly rejected.

 

Currently, it seems that StealthCoin upwards momentum will take a break and the range trading or even a corrective wave down could take place. In order for the price to continue moving higher $1.4 resistance must be broken. Unless that happens, StealthCoin could be a risky cryptocurrency to hold.

 

StealthCoin Taking a Break | CryptoPost

 

[pro4Xtrader 10]

Clams VS Bitcoin Waiting Time

 

Clams have been in a heavy downtrend during past month, but it has finally found the lowest point. CLAM/BTC stopped at 38k satoshi support where it formed a double bottom. The following wave up resulted in a break above the 200 Moving Average, suggesting that Clams could continue going higher.

 

Nevertheless, it has rejected the 76.2% Fibonacci retracement level and a break above is required in order for Clams to start showing further strength against the Bitcoin. If/when it manages to break above the next upside resistance is seen at 141.4% Fibonacci retracement level, that is very close to 100k satoshi, a psychological round number. This resistance could play a key role in the further CLAM/BTC trend development, and the reaction of the market at that price is yet to be seen.

 

Source: Clams VS Bitcoin Waiting Time | CryptoPost

 

[pro4Xtrader 10]

BitcoinCash Should Go Lower

 

Following the previous idea on BitcoinCash, it has gone up as expected. After breaking the triangle pattern, the price went sharply up, from the $1700 support all the way up to $4200, resulting in 146% gain over the USD.

 

Now BCH/USD is facing a resistance at 127.2% Fibonacci retracement level applied through the previous all-time high corrective wave. This is the $3750 level which has been rejected throughout the past couple of days. Price spikes went above that level, up to $4236, nevertheless, it failed to close above the 127.2% Fibs.

 

Now the key price level remains $4236 and only break above could push BitcoinCash higher. But at this point, a corrective wave down to 61.8% Fibonacci retracement, at $2680, should be expected.

 

BitcoinCash Should Go Lower | CryptoPost

 

[pro4Xtrader 10]

GlobalCurrencyReserve Rejecting Support and Breaking Higher

 

GCR has finally managed to break above the triangle pattern after rejecting the $0.165 support and the 200 Moving Average. A break above the $0.25 resistance supporting the idea that the price could go much higher.

 

Based on the triangle pattern target, the move up after triangle breakout should be the same as the prior correction from $0.55 down to $0.16, which is $0.37. Therefore the upside target is seen at $0.63. Only a break and close below the $0.145, where the Moving Average was rejected, could invalidate bullish outlook.

 

Source: GlobalCurrencyReserve Rejecting Support and Breaking Higher | CryptoPost

 

[pro4Xtrader 10]

Syscoin Getting Close To Psychological Resistance

 

Following the previous idea on Syscoin, it broke above the upside target and continued to move higher. The question remains how fart it could potentially go?

 

Clearly, there is a massive support at $0.33 level where previously was a resistance. This is also the price where the uptrend trendline was rejected, and price got extremely close to the 200 Moving Average, but without touching it went up again.

 

Closest support is now at $0.68 and from there SYS/USD should continue rising. The first very strong resistance is at $0.9 and it could potentially go to $1 psychological level. If it manages to break above the $1 then another 50% rise could be on its’ way, where Syscoin target is seen at $1.47. Only a break and close below the $0.33 support could invalidate bullish outlook.

 

Source: Syscoin Getting Close To Psychological Resistance | CryptoPost

 

[pro4Xtrader 10]

Ark VS Bitcoin Rising

 

Ark found the support at 18k satoshi and started to moving higher while breaking above the 200 Moving Average as well as the descending channel. After the breakout price corrected back and first rejected the Moving Average and then the upper trendline of the descending channel, both of which this time acted as a support.

 

With such price action, the uptrend scenario becomes more and more likely where ARK/BTC could rise up to 100k satoshi psychological resistance levels. This level is also confirmed by technical analysis, where two Fibonacci retracement levels are inline with each other. the 76.4% and 327.2% levels. Only a break and close below the Moving Average could invalidate bullish outlook.

 

Source: Ark VS Bitcoin Rising | CryptoPost

 

[pro4Xtrader 10]

Floricoin – The Next Wave

 

Floricoin has been consolidating from June up until December when it broke above the strong resistance that was formed at $0.11. Prior to breaking above, FLO/USD rejected the uptrend trendline and the 200 Moving Average and then immediately jumped from $0.085 up to $0.33, gaining almost 300% in just 10 days.

 

The corrective wave down followed, where Floricoin rejected the $0.11 support and perhaps now its time for the next strong wave up. The first resistance is seen at $0.38 area where 327.2% Fibonacci retracement is located. Break above that resistance should indicate that the uptrend is not over, while a rejection of the resistance could trigger a correction down. Only a break and close below the 200 Moving Average could invalidate bullish outlook.

 

Source: CryptoPost

 

[pro4Xtrader 10]

VeriCoin Trend Remains Bullish

 

Following the previous idea on VeriCoin, it broke above our target signaling that it could go much higher. After breaking a strong resistance at $0.77, VRC/USD corrected down to $0.55 where it rejected the uptrend trendline as well as 200 Moving Average.

 

The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels. These levels are confirmed by the Fibs applied to the corrective wave from the previous all-time high. Only a break and close below the 200 Moving Average could invalidate bullish outlook, but for now it is clearly trending upwards.

 

Source: VeriCoin Trend Remains Bullish | CryptoPost

 

[pro4Xtrader 10]

FlorinCoin VS Bitcoin Growth Potential

 

After testing the low at the 505 satoshi, Floricoin started to move higher breaking above the downtrend trendline . At the same time price broke above the 200 Moving Average and reached 1900 satoshi, totaling a 280% gain over Bitcoin in just two weeks.

 

Clearly, Florincoin showing some strength, especially now, after rejecting the 200 Moving Average and the 23.6% Fibonacci support at 1090 satoshi. The uptrend could either be a short-lived or a long-term depending on how FLO/BTC will react to the first strong resistance at 2145 satoshi, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Break above that level should push Florincoin much higher, while if rejected, the consolidation could take place. Only a break below the 505 could invalidate bullish outlook.

 

Source: FlorinCoin VS Bitcoin Growth Potential | CryptoPost

 

[pro4Xtrader 10]

Memetic / PepeCoin Higher Highs

 

Memetic does look pretty awesome from the technical perspective, it has been bouncing off the 200 Moving Average for an extended period of time after which it broke above the $0.4 resistance and now there is clearly a higher highs, higher lows pattern.

 

After breaking above the $0.4 resistance price retraced back and rejected the uptrend trendline. Currently, it seems that MEME/USD is ready to continue the uptrend and a new all-time high should be just around the corner. The first target is seen at $2.5 where 161.8% Fibonacci retracement, applied to the latest corrective wave down. On a downside note, only break and close below the 200 Moving Average would invalidate bullish outlook.

 

Source: Memetic / PepeCoin Higher Highs | CryptoPost

 

[pro4Xtrader 10]

TenXpay VS Bitcoin – Interesting Timing

 

TenX Pay Token found the support at 10500 satoshi and slowly started to move higher. Price broke above the descending channel and 200 Moving Average signaling on a potential correction up or even a trend reversal.

 

After breaking higher and testing 40k satoshi, PAY/BTC corrected back where it rejected multiple supports.

 

Upper trendline of the descending channel REJECTED

50% Fibonacci Retracement REJECTED

200 Moving Average REJECTED

Uptrend Trendline REJECTED

It seems like TenXPay is becoming very bullish and should outperform Bitcoin, at least in the short to medium term. First target near 60k satoshi where two Fibonacci retracement levels meet with each other, the 227.2% applied to the last corrective wave down and 76.4% applied to the September high and December low.

 

Therefore, TenXPay could easily double in value against Bitcoin and if the 60k resistance is broken there will be much more upside potential. Only break below the 10k support could invalidate bullish outlook.

 

Source: TenXpay VS Bitcoin ? Interesting Timing | CryptoPost

 

[pro4Xtrader 10]

AdEx VS Bitcoin – Medium Term Outlook

 

Following the previous idea on ADX/USD, it has reached the upside target and rejected it. Pretty much the same is happening with Adex against the Bitcoin as it has approached the resistance at 25k satoshi.

 

This level has been acting as a support well as the resistance between August and September, so now the history may repeat itself. Not to mention that ADX/BTC reached the top of the descending channel and is very close to 2/1 Gann Fan trendline. 25k satoshi support area could be acting as a strong resistance and could potentially send Adex back to the 200 Moving Average or the uptrend trendline.

 

On the upside note, break above the 25k resistance could prove that the trend up continues and then a buying opportunity might present itself. As for now, Adex remains a risky coin to hold.

 

Source: AdEx VS Bitcoin ? Medium Term Outlook | CryptoPost

 

[pro4Xtrader 10]

Clams VS Bitcoin – Uptrend – The Beginning

 

Following the previous idea on Clams, it has broken above the resistance, signaling about the potential beginning of the uptrend. At the same time CLAM/BTC broke above the descending channel and the 200 Moving Average.

 

Clearly, ClamCoin showing strong sights of strength against the Bitcoin and should start moving higher. The very strong resistance is seen at 144k satoshi, where 50% Fibonacci retracement is. At this resistance area, there is also a 3/1 Gann Fan trendline and the upper trendline of the extended descending channel.

 

Overall, the bullish trend is likely to accelerate to target 144k satoshi resistance area and break above could establish a long-term trend upwards. Only break below the 38k satoshi support could invalidate bullish outlook.

 

Source: Clams VS Bitcoin ? Uptrend ? The Beginning | CryptoPost

 

[pro4Xtrader 10]

Edgeless Token Should Outperform Bitcoin

 

Edgeless token found the support at 5600 satoshi and started to move higher, breaking above the 200 Moving Average and the very strong resistance formed at 13k satoshi. Higher highs and higher lows pattern started to emerge suggesting that EDG/BTC could be planning to continue rising.

 

After breaking the 13k satoshi resistance, the price went back and this time rejected this level, which is now acting as a support. The upside momentum is there and it is very likely that price will move higher towards previously formed high near 40k satoshi. To be precise, there is a very strong resistance at 37k satoshi confirmed by two Fibonacci retracement levels. First is 88.6% and second is 227.2%, applied to the last corrective wave down.

 

While the upside potential is there, Edgeless might take some time before moving higher and could even test the uptrend trendline and/or the 200 Moving Average once again. In any case, the buying opportunity is there and only break below the 5600 satoshi support could invalidate bullish outlook.

 

Source: Edgeless Token Should Outperform Bitcoin | CryptoPost

 

[pro4Xtrader 10]

Metal Pay Could Be Worth Buying

 

MetalPay starting to show signs of life while rejecting the uptrend trendline and breaking above strong resistance at $6.75. At the same time, MTL/USD broke above the downtrend trendline and 200 Moving Average.

 

Following corrective wave down was stopped at the previous resistance, which now is acting as a support. The 200 Moving Average is now also acting as a support and this could be the starting point for MetalPay to start rising. The upside potential is definitely there, although MTL/USD could be range trading for some time before going up.

 

The strong resistance is located at $18, where two Fibonacci are inline. First 127.2% applied to the previous all-time high, and the second is 161.8%, applied to the corrective wave after the $6.75 resistance breakout. If/when MTL manages to break above $18 resistance, the next target is seen at 227.2% Fibonacci which is a very strong psychological round number – $30. This could be the final upside target for the potential upcoming wave up. Only a break and close below the $3.33 support could invalidate bullish outlook.

 

Source: Metal Pay Could Be Worth Buying | CryptoPost

 

[pro4Xtrader 10]

ZCash Could Trippe In Value Against USD

 

Following the previous idea on ZCash, it has started to move higher, continuing the long-term uptrend. ZCash has been steadily moving upwards rejecting the uptrend trendline and the 200 Moving Average.

 

On the 14th of December ZEC/USD broke above the strong resistance area around $450, and on a corrective wave down after the breakout it rejected the $450 level, which is now acting as a support. Obviously, price broke above the triangle pattern and now could be ready to explore new highs.

 

The very strong resistance is seen near $1500, which means that ZCash could triple in value against USD in the medium term. On the downside, only close below the $156 support could invalidate bullish outlook.

 

Source: ZCash Could Trippe In Value Against USD | CryptoPost

 

[pro4Xtrader 10]

ZCoin VS Bitcoin – How Much More UP?

 

ZCoin has been performing very well lately against the Bitcoin and managed to grow from BTC 0.002 up to 0.016 in just 3 weeks. This is an amazing growth of 500% in a very short period of time.

 

However, it seems that ZCoin uptrend could be getting to an end very soon. Fibonacci applied to the corrective wave down after the downtrend trendline breakout shows that price got very close to the 427.2% retracement level at BTC 0.012, but failed to test it. This remains the key upside target for the XZC/BTC in the medium to short term.

 

At the same time, the support area between btc 0.0066 and 0.0073 should be watched. Break below could establish a consolidation or even a strong correction down. But while it is holding the upside target at btc 0.012 remains valid. Perhaps its better to stay neutral on Zcoin and see the price action near the support, uptrend trendline and 200 Moving Average.

 

Source: ZCoin VS Bitcoin ? How Much More UP? | CryptoPost

 

[pro4Xtrader 10]

VertCoin Back To Previous High?

 

On the 6th of December VertCoin established an all-time high against USD, hitting $10.7 price. After that, a corrective wave down follow where the price dropped down to $6, and consolidation has begun. During the past month, VTC/USD has been trading within that range, without showing much weakness nor strength.

 

Although on the 2nd of January price broke above the descending channel, 200 Moving Average and the resistance at $6.8. It seems that VertCoin could be getting higher once again, although it is unclear whether it will be the final wave up before the correction, or a continuation of the uptrend.

 

The key resistance is at $10.4 where 361.8% Fibonacci retracement applied to the corrective wave down after the resistance breakout. It could happen that VertCoin will produce a double top near the $10 psychological resistance, which is the key resistance area at this point. Break above, or a rejection should provide more clues about the further direction. On a downside note, break below $5.5 support should invalidate bullish outlook.

 

Source: VertCoin Back To Previous High? | CryptoPost

 

[pro4Xtrader 10]

Qtum VS Bitcoin Rising To Form Double Top?

 

Qtum managed to break above the descending channel and 200 Moving Average suggesting that is it ready to continue trending upwards. QTUM/BTC producing higher highs and higher lows while trading within the ascending channel.

 

The overall trend is definitely bullish and Qtum should be moving higher to test 227.2% Fibonacci retracement level applied to the corrective wave after the descending channel breakout. This resistance is based at btc 0.0056 which is very close to the previously formed top in August last year.

 

The btc 0.0056 is the very first strong resistance for Qtum and it would be interesting to see the price action around this level, which should provide more clues about the further direction of QTUM/BTC. At this point, Qtum could continue trading within the ascending channel and could even move back to test the 38.2% Fibonacci support, which in fact has been already rejected. In the worst case scenario price could drop towards the 200 Moving Average, but only break below it should invalidate bullish outlook.

 

Source: Qtum VS Bitcoin Rising To Form Double Top? | CryptoPost

 

[pro4Xtrader 10]

Decred Time For Correction

 

Following the previous idea on Decred, it has reached the upside target at $117 and as expected tripled in value. But now as the resistance is being rejected DCR/USD could start a consolidation period or even start a strong correction down.

 

The $117 level should be watched closely, while it is being respected by the market, the downside pressure will remain very high and Decred could correct down towards one of the Fibonacci retracement levels.

 

Therefore, at this point, buying Decred could prove to be extremely risky, unless the resistance is broken. Wait and see approach could be the most appropriate.

 

Decred Time For Correction | CryptoPost

 

[pro4Xtrader 10]

Komodo Uptrend To Continue

 

Following the previous idea on Komodo, it has reached the upside target at $7 and broke higher reaching the $14.4 high. The corrective wave down followed while price rejected the support 727.2% Fibonacci, that is $7.1.

 

Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7. While the support is holding, uptrend should remain valid pushing Komodo to new all-time highs. Break and close below could invalidate bullish outlook.

 

Source: Komodo Uptrend To Continue | CryptoPost