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Monero VS Bitcoin Downside Risk

 

Following the previous idea on Monero VS Bitcoin, the price reached the upside target at 76.4% Fibonacci retracement level. Although XMR/BTC went higher than 0.03, it failed to show a clean break above the resistance and formed a double top at btc 0.032, accompanied with a bearish divergence on the RSI oscillator.

 

Since the btc 0.032 high was reached, Monero has been moving slights downwards within the descending channel. On 17th of February, it rejected the upper trendline of the descending channel for the second time and once again formed a bearish divergence. This could result in the beginning of a corrective move down towards one of the Fibonacci support levels. The nearest support is at btc 0.026, that is 61.8% retracement. Break below could push price lower either towards btc 0.023 or 0.02 where the key support is based.

 

On the upside, only break and close above the key resistance at btc 0.032 should confirm the bullish scenario sending Monero to a new all-time high against the Bitcoin.

 

Source: Monero VS Bitcoin Downside Risk | CryptoPost

 

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Tron VS Bitcoin Comeback

 

After a heavy rally, Tron has reached 2050 satoshi high and moved down as sharp as it was rising. On a corrective wave down TRX/BTC reached the uptrend trendline which has been rejected together with the 88.6% Fibonacci retracement level.

 

Since then the price has been ranging between 61.8% Fibonacci level at 900 and 400 satoshi. Today Tron is trading around 465, that is very close to 400 satoshi support. Considering that the double bottom has been already formed, the price could start rising from that area. First upside target is at 900 satoshi, the second is 1300 satoshi, and if that resistance is broken, Tron is likely to produce a new all-time high against the Bitcoin.

 

On a downside, the risk of Tron declining down to 200 satoshi support is still there, therefore the break above the downtrend could be a good indication of the Tron reversal.

 

Tron VS Bitcoin Comeback | CryptoPost

 

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BitBean Change In Trend

 

On the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend.

 

Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn’t seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels.

 

On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook.

 

Source: BitBean Change In Trend | CryptoPost

 

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Raiden Network VS Bitcoin Trade Setup

 

Raiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend.

 

However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels.

 

On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support.

 

Source: Raiden Network VS Bitcoin Trade Setup | CryptoPost

 

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ReddCoin Target Map

 

ReddCoin found the bottom at $0.0044 where it rejected the 88.6% Fibonacci retracement level. History shows that 80% correctional moves are optimal in cryptocurrencies and from there price tends to continue the major trend.

 

History could repeat itself which means ReddCoin is on its’ way to continue the long-term uptrend. Although there are several obstacles on the way up. These are Fibonacci retracement levels, which are 61.8%, 50% and 38.2%. Therefore, the first resistance is located at $0.013, which is highly likely to be broken. Second, is a much more important level, that is $0.017 corresponding to the 8/1 Gann Fan. Break above second resistance could result in a further uptrend until $0.02, and only break above that level should confirm the long-term bullish intentions of the RDD/USD.

 

On the downside, there are two support levels, first is the minor support at $0.0083 where price could retrace. Daily break and close below could send ReddCoin back to $0.0044 to form a double bottom.

 

Source: ReddCoin Target Map | CryptoPost

 

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BlockNet 200% Growth Potential

 

From September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56.

 

The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended.

 

Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving higher.

 

Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered.

 

Source: BlockNet 200% Growth Potential | CryptoPost

 

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EuropeCoin Could Double in Value

 

EuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.

 

After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.

 

On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.

 

Source: EuropeCoin Could Double in Value | CryptoPost

 

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Synereo AMP vs Bitcoin – The Bottom

 

Synereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level.

 

Simultaneously, AMP/BTC reached the bottom of the descending channel which suggested the potential bottom for this corrective wave down and could result in the trend reversal. At the same time price could consolidate for the short time between 2200 and 2500 satoshi, but buying opportunity stays very attractive already.

 

On the downside, only break and close below the 2k satoshi could invalidate bullish outlook.

 

Source: Synereo AMP vs Bitcoin ? The Bottom | CryptoPost

 

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Factom to the New All-Time High

 

Factom has lost 85% since it reached an all-time high at $122, and found the support at $18. FCT/USD rejected previous support level as well as the downtrend trendline of the previously established triangle pattern.

 

Considering the fact that buying opportunities appear once the coin has corrected around 80%, Factom could start picking up value in the near future. At the same time, support area between $18 and $12 could be retested, making Factom extremely attractive for buyers.

 

The upside target is seen at $130, that is confirmed by two Fibonacci retracement levels, applied corrective wave down after the triangle breakout as well as last correctional move down started back in June 2017. On the downside, only break and close below $12 support could invalidate bullish outlook.

 

Source: Factom to the New All-Time High | CryptoPost

 

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Elastic Waiting Time

 

Elastic has been trading downwards for over a month now, losing 85% to the USD. Price declined from $1.23 down to $0.17 where bullish divergence was formed by the RSI oscillator.

 

Then XEL/USD broke the downtrend trendline, however, failed to produce a higher high and has been consolidating for two weeks. Recently the RSI showed that the price of Elastic is oversold, but at the same time, it failed to break above the downtrend trendline formed during the consolidation.

 

At this point for Elastic to move higher, a break and close above $0.3 is required, unless that happens price could decline back to $0.17 or even lower prior to the trend reversal.

 

Source: Elastic Waiting Time | CryptoPost

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Clams Entering a New Cycle

 

Clams is one of those coins with a distinguished uptrend, and on each new wave up, it produces a new all-time high. The most recent wave up resulted in a 300% growth against the USD, while price reached a $14 high.

 

On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend.

 

According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially.

 

On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 – 2.5 support area, where the buying opportunity would be extremely attractive.

 

Source: Clams Entering a New Cycle | CryptoPost

 

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Incent 400% Growth Potential

 

After reaching an all-time high at $1.12, Incent sharply corrected down to $0.16, losing 85% to USD. However, price found the support at $0.25 as the weekly closing price remained above that level and this is the price where the triangle was previously rejected after the breakout.

 

Currently, INCNT/USD is trading around $0.25 support, that could prove to be a good entry point for investors. The growth potential for Incent remains as high as 400% in the medium term, as the upside target is seen at $1.23, where double Fibonacci formed a strong resistance.

 

On the downside, the support area remains between $0.25 and $0.125 and Incent could get lower once again, but only break and close below $0.08 could invalidate bullish outlook.

 

Source: Incent 400% Growth Potential | CryptoPost

 

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Ripple VS Bitcoin Uptrend After Consolidation

 

Ripple has produced a double top near 22k satoshi and corrected down, to 10k satoshis area where it found the support. The support is at 61.8% Fibonacci retracement level, where price spiked below but failed to break it with confidence.

 

Currently, XRP/BTC is forming a triangle pattern, which could lean in the uptrend continuation. Although the consolidation could be extended, while price will remain within the triangle.

 

Break and close above the downtrend trendline should confirm bullish intentions of the Ripple, sending the price up to 30k satoshis area, at 127.2% Fibonacci retracement level.

 

On a downside, break and close below the uptrend trendline might result in a wave down towards 76.4% Fibs, at 6.3k satoshis, where buying opportunity could be even more attractive.

 

Source: Ripple VS Bitcoin Uptrend After Consolidation | CryptoPost

 

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Ethereum Classic +100% Target

 

Following the previous idea on Ethereum Classic, the upside target and resistance is still near $80. Although price corrected down strongly, it has found the support at 8/1 Gann Fan trendline, that has been rejected cleanly.

 

ETC/USD now returned back to the previous strong resistance area at $40, and corrected back to the previous support area near $30. The $30 support has been rejected which should result in a continuation of the uptrend in the near future.

 

Source: Ethereum Classic +100% Target | CryptoPost

 

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ZCash Up To $1000 or $1500?

 

Zcash uptrend is obvious as price continues to produce higher highs and higher lows. After reaching the all-time high, and producing a double top at $800 area, ZEC/USD corrected down to $256. The correction resulted in a 70% decline, while it found the support right at the uptrend trendline.

 

Uptrend trendline has been rejected and price moved up, breaking above the 200 Moving Average. Currently, Zcash corrected back and trading right at the 200MA which is being rejected.

 

While the uptrend remains valid and Zcash is trading above the $140 previous low, it is becoming more and more likely for the price to produce another all-time high, which could reach $1500 area, although first resistance is at $950 area and should not be ignored.

 

Source: ZCash Up To $1000 or $1500? | CryptoPost

 

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Dash VS Bitcoin Cycles

 

Since April 2017, Dash has been ranging between btc 0.04 and 0.08 areas. The consolidation continues to this day without any clarity on further direction.

 

According to cycles, the price should have produced a wave down since February, but it has stuck near the btc 0.06. DASH/BTC has attempted to break below the 200 Moving Average but yet, it only producing spikes lower. The btc 0.055 area remains the support and the next wave according to the cycles could be up.

 

If the support will not be broken, Dash should be moving upwards towards btc 0.08-0.1 area, and only btc 0.1 breakouts could confirm the long-term uptrend.

 

Source: Dash VS Bitcoin Cycles | CryptoPost

 

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Icon VS Bitcoin Hit The Bottom?

 

Icon has already lost 60% to Bitcoin since it reached the all-time high at 9200 satoshis. The downtrend has been stopped at 161.8% Fibonacci retracement applied to the corrective wave down after the ascending channel breakout. Simultaneously the 327.2% Fibonacci channel trendline has also been rejected at the very same price – 3550 satoshis.

 

This price level could now be the bottom of the correction down. If ICX/BTC will break above the 4.4k satoshis resistance it could be the confirmation that Icon has bottomed out and the price is ready to reverse to the upside.

 

Source: Icon VS Bitcoin Hit The Bottom? | CryptoPost

 

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NAVCoin Waiting Time

 

Currently, NAVCoin found the support at $1.58, which is 50% Fibonacci retracement level. The support was rejected cleanly and the price went slightly up, although failed to break above the downtrend trendline.

 

The consolidation is still in play and price could continue to trade between $1.58 support and $1.93 resistance. Break above or below should determine the further direction of the NAV/USD. Break above the resistance should send the price up to $3.3 area, while a break below the support could extend the downtrend, pushing price lower towards $0.54 support, that is 127.2% Fibs.

 

Source: NAVCoin Waiting Time | CryptoPost

 

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OmiseGo Trend Is UP

 

After reaching the all-time high at $29, OmiseGo corrected down to 76.4% Fibonacci retracement level that has been rejected cleanly, together with the uptrend trendline. The uptrend remains valid and the price continues to print higher highs and higher lows on the Daily timeframe.

 

After rejecting the Fibonacci support OMG/USD once again started to produce higher highs and higher lows, confirming the uptrend on the lower timeframe. Currently, the short-term consolidation could take place, while OmiseGo remains bullish.

 

The nearest upside target is seen at $35, that is 75% growth potential from the current price. If OMG will correct down, a good buying opportunity should present itself around $17 level. In the worst case scenario price could correct back down to $7 or $11 support levels and only then continue the uptrend.

 

Source: OmiseGo Trend Is UP | CryptoPost

 

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Syscoin Should Move Up 150%

 

While producing higher highs and higher lows, Syscoin continues to trade upwards. The last correction down resulted in 70% decline, where price moved from $1 down to $0.3, where 161.8% Fibonacci support, as well as the uptrend trendline, have been rejected.

 

After rejecting the support SYS/USD recovered by moving up 144%, resulting in the break above the descending channel. The corrective wave down followed where 261.8% Fibonacci support and the upper trendline of the descending channel have been rejected, suggesting the continuation of the uptrend.

 

The strong resistance, confirmed by two Fibonacci retracement levels is located at $1.5, which is a 150% growth potential in the medium term. Currently, the price could consolidate between $0.5 and $0.75, which seem to be the accumulation zone.

 

Source: Syscoin Should Move Up 150% | CryptoPost

 

https://www.tradingview.com/x/eUVt2uTM/

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VeChain At The Key Support

 

VeChain has reached the all-time high at $9.6, after which it corrected down to $2.6, losing 73% to the USD. Price failed to break with confidence below 61.8% Fibonacci retracement levels at $3.8 and below the 3/1 Gann Fan trendline, although it produced spikes lower.

 

After reaching the low at $2.6, VeChain recovered reaching the $7.1, and managed to break above the 61.8% Fibonacci retracement level, suggesting the validity of the uptrend. But now, VEN/USD is trading at the key support area, and the daily close below $4.7 would confirm the support and the Gann Fann trendline breakout. In this case, the price is likely to move down once again towards either $3.8, $2.4 or $1.27 support levels.

 

However if VeChain will avoid daily close below $4.7, the price could continue moving higher and potentially hit the $10 psychological resistance level. In any case, the major trend is up, but the risk of further correction down remains.

 

Source: Syscoin Should Move Up 150% | CryptoPost

 

Ber37dH4

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WaBi Token Down

 

WaBi Token has reached an all-time high against the dollar, hitting $5.9 price tag. But then the trend has suddenly changed from up to a downtrend. WABI/USD has already lost 78% since it reached its’ peak and continues to decline.

 

WaBi broke below the 76.4% and then 88.6% Fibonacci support levels suggesting the validity of a bearish trend. After a correction up, WaBi hit the 76.4% Fibs, that this time acted as a resistance that has been rejected.

 

The downtrend is likely to continue and the downside target is seen at $0.4 area, confirmed by 327.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.

 

Source: WaBi Token Down | CryptoPost

 

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Monero Next Stop $600?

 

Monero long-term uptrend continues as price don’t stop producing higher highs and higher lows. In December 2017 XMR/USD reached an all-time high, hitting $510. On the correction down Monero lost 70% to USD, and went as low as $147.

 

The $147 level was a strong support, that previously was a resistance level. The support was rejected together with the 8/1 Gann Fan trendline and price went up breaking above the downtrend trendline.

 

Now it seems Monero is getting ready to go higher and perhaps establish a new all-time high around $600, that is 127.2% Fibonacci retracement level. At the same time $510 resistance should be watched, rejection of which could extend the consolidation period.

 

Source: Monero Next Stop $600? | CryptoPost

 

0VQ4O6U4

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OmiseGo VS Bitcoin – A Perfect Buying Opportunity?

 

Clearly, OmiseGo trend is up, while it continues to produce higher highs and higher lows, not to mention that price stays above the 200 Moving Average. While the trend up is valid it is just a matter of searching for a perfect buying opportunity.

 

Is it possible that today is the day? The opportunity day? Well, it certainly could be!

 

OmiseGo has reached the high at btc 0.0019 and corrected back to btc 0.0016 where currently it is facing a very strong resistance.

 

The lower trendline of the ascending channel is being rejected.

The 3/1 Gann Fan is being rejected.

The 38.2% Fibonacci retracement level is being rejected

The 200 Movin Average is being rejected

 

The support at the btc 0.0016 is massive and if OmiseGo will hold this area, the probability of the uptrend continuation shall be extremely high. Although it could be better to way for a confirmation – break above the downtrend trendline.

 

On a downside, break and close below btc 0.0016 might result in further correction down towards 76.4% Fibs at btc 0.0013, from where the long-term uptrend is expected to continue.

 

Source: OmiseGo VS Bitcoin ? A Perfect Buying Opportunity? | CryptoPost

 

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Florincoin Is Expected To Double In Value

 

Florincoin has corrected down massively since reaching the $0.4 high. Price went south as much as 85%, hitting the $0.06 low. FLO/USD broke below the 88.6% Fibonacci retracement level as well as the uptrend trendline. Nevertheless, price recovered very fast and went up to $0.0135 breaking above the descending channel.

 

Current correctional wave down was stopped by 88.6% Fibs at $0.087, which this time is being rejected, together with the uptrend trendline. While the consolidation could continue, Frorincoin should produce a wave up at some point, if the support will be respected.

 

The first upside target is at $0.18, and the second is $0.22, that is 100% growth potential from the current price.

 

Source: Florincoin Is Expected To Double In Value | CryptoPost

 

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    • Date: 3rd April 2025.   Gold Prices Pull Back After Record High as Traders Eye Trump’s Tariffs.   Key Takeaways:   Gold prices retreated after hitting a record high of $3,167.57 per ounce due to profit-taking. President Trump announced a 10% baseline tariff on all US imports, escalating trade tensions. Gold remains exempt from reciprocal tariffs, reinforcing its safe-haven appeal. Investors await US non-farm payroll data for further market direction. Fed rate cut bets and weaker US Treasury yields underpin gold’s bullish outlook. Gold Prices Retreat from Record Highs Amid Profit-Taking Gold prices saw a pullback on Thursday as traders opted to take profits following a historic surge. Spot gold declined 0.4% to $3,122.10 per ounce as of 0710 GMT, retreating from its fresh all-time high of $3,167.57. Meanwhile, US gold futures slipped 0.7% to $3,145.00 per ounce, reflecting broader market uncertainty over economic and geopolitical developments.   The recent rally was largely fueled by concerns over escalating trade tensions after President Donald Trump unveiled sweeping new import tariffs. The 10% baseline tariff on all goods entering the US further deepened the global trade conflict, intensifying investor demand for safe-haven assets like gold. However, as traders locked in gains from the surge, prices saw a modest retracement.   Trump’s Tariffs and Their Market Implications On Wednesday, Trump introduced a sweeping tariff policy imposing a 10% baseline duty on all imports, with significantly higher tariffs on select nations. While this move was aimed at bolstering domestic manufacturing, it sent shockwaves across global markets, fueling inflation concerns and heightening trade war fears.   Gold’s Role Amid Trade War Escalations Despite the widespread tariff measures, the White House clarified that reciprocal tariffs do not apply to gold, energy, and ‘certain minerals that are not available in the US’. This exemption suggests that central banks and institutional investors may continue favouring gold as a hedge against economic instability. One of the key factors supporting gold is the slowdown that these tariffs could cause in the US economy, which raises the likelihood of future Federal Reserve rate cuts. Gold is currently in a pure momentum trade. Market participants are on the sidelines and until we see a significant shakeout, this momentum could persist.   Impact on the US Dollar and Bond Yields Gold prices typically move inversely to the US dollar, and the latest developments have pushed the dollar to its weakest level since October 2024. Market participants are increasingly pricing in the possibility of a Fed rate cut, as the tariffs could weigh on economic growth.   Additionally, US Treasury yields have plummeted, reflecting growing recession fears. Lower bond yields reduce the opportunity cost of holding non-yielding assets like gold, making it a more attractive investment.         Technical Analysis: Key Levels to Watch Gold’s recent rally has pushed it into overbought territory, with the Relative Strength Index (RSI) above 70. This indicates a potential short-term pullback before the uptrend resumes. The immediate support level lies at $3,115, aligning with the Asian session low. A further decline could bring gold towards the $3,100 psychological level, which has previously acted as a strong support zone. Below this, the $3,076–$3,057 region represents a critical weekly support range where buyers may re-enter the market. In the event of a more significant correction, $3,000 stands as a major psychological floor.   On the upside, gold faces immediate resistance at $3,149. A break above this level could signal renewed bullish momentum, potentially leading to a retest of the record high at $3,167. If bullish momentum persists, the next target is the $3,200 psychological barrier, which could pave the way for further gains. Despite the recent pullback, the broader trend remains bullish, with dips likely to be viewed as buying opportunities.   Looking Ahead: Non-Farm Payrolls and Fed Policy Traders are closely monitoring Friday’s US non-farm payrolls (NFP) report, which could provide critical insights into the Federal Reserve’s next policy moves. A weaker-than-expected jobs report may strengthen expectations for an interest rate cut, further boosting gold prices.   Other key economic data releases, such as jobless claims and the ISM Services PMI, may also impact market sentiment in the short term. However, with rising geopolitical uncertainties, trade tensions, and a weakening US dollar, gold’s safe-haven appeal remains strong.   Conclusion: While short-term profit-taking may trigger minor corrections, gold’s long-term outlook remains bullish. As global trade tensions mount and the Federal Reserve leans toward a more accommodative stance, gold could see further gains in the months ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
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