Hi, Steemers!
As we promised here is our Second analysis. In this article we will do the technical analysis of the following crypto-currency:
- STEEM/BTC;
- SBD/BTC;
- ETC/ETH;
- MONERO/BTC.
STEEM/BTC
The previous forecast was correct and brought 25% Profit.
Downward movement is limited with a value – 0.00119925. In the future it potentially may bring additional 30%. In a few days, we will see probably still bottom of down bar session, then there will be a slight upward correction.
Resume: Sell
Aim: 0.001199
SBD/BTC
This currency pair trades in an interval from 0.001382 to 0.001725. Most likely flat movement will continue. Maybe we'll go back to the interval`s lower border. Volumes on up bars are small, that does not indicate the strength of the bulls in the market.
Resume: Hold
ETC/ETH
It is likely that we will see a slight increase in the currency pair. On the 4-hour chart, we had run into a resistance line that will be a starting point for a correction. Volatility was at the minimum couple of sessions ago. Growth of volumes up bars corresponds with the upward movement.
Resume: Buy
Aim: 0.14976510
**MONERO/BTC **
The unprecedented growth of a few sessions ago will soon come to an end, and things will go back to basics.
The rise in volatility, which has led to an increase of Monera by more than 117% will end soon. To start a slow upward movement, Monera first should return to the level of support - 0.00420275. After that we will see the crypto currency growth. Based on the experience is time to open short positions.
Resume: Short
Aim: 0.00420275
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Best regards,
