DASH AND MONERO RALLY WHILE IOTA IS PEAKING NOVEMBER 23 TECHNICAL ANALYSIS
analysis·@subhanullah·
0.000 HBDDASH AND MONERO RALLY WHILE IOTA IS PEAKING NOVEMBER 23 TECHNICAL ANALYSIS
<html> <p>http://www.newsbtc.com/https://s3.amazonaws.com/main-newsbtc-images/2017/11/monero-kroner-stack-1024x574.jpg</p> <p><em> As </em><em><strong>perfect BTC alternatives</strong></em><em>, DASH and Monero are rallying perhaps benefiting from capital injection.Alt coin Monero is actually trending above August highs of $153. If bulls push harder, buyers looks likely to jump in.In the meantime, IOTA is peaking and USD bulls are driving prices lower with first targets at $0.732. </em></p> <p><strong> Let’s look at the charts: </strong></p> <p> </p> <h2><em><strong>TODAY FOCUS: DASH AND MONERO RALLY</strong></em></h2> <p><em> ALT COIN DASH BULLISH BUT STRONG RESISTANCE EXPECTED AT $582</em></p> <p><em>http://www.newsbtc.com/https://s3.amazonaws.com/main-newsbtc-images/2017/11/DASHUSD-4HR-Chart-23.11.2017.png</em></p> <p> <em><strong>One thing is clear, </strong></em><a href="https://www.dash.org/"><em><strong>DASH</strong></em></a><em><strong> </strong></em><em><strong>bulls are in charge</strong></em><em><strong>. As a result, it is safe to say that </strong></em><em><strong>every dip is a buy opportunity</strong></em><em><strong>.Because of that, we shall shift our support lines to </strong></em><em><strong>November 12 and 18 highs of $540 and $486 respectively</strong></em><em><strong>. At the moment though, </strong></em><em><strong>bullish momentum is strong because of that band divergence</strong></em><em><strong> and of course the </strong></em><em><strong>bullish stochastic signal</strong></em><em><strong>.We already have a bearish candlestick dropping from yesterday’s highs of $582. If there is a follow through, then we wait for a retest of $540 support line.However, if not, </strong></em><em><strong>$670 is the next bull target</strong></em><em><strong> especially if November 22 highs is cleared. </strong></em></p> <p> </p> <h3><em>MONERO BULLS DRIVE PRICES ABOVE AUGUST HIGHS OF $153</em></h3> <p><em>http://www.newsbtc.com/https://s3.amazonaws.com/main-newsbtc-images/2017/11/XMRUSD-4HR-Chart-23.11.2017.png</em></p> <p><em><strong> Bull momentum is strong and as it now, August highs of $153 has been cleared. Because of the general bullish momentum in the weekly chart, </strong></em><em><strong>traders were taking long positions only</strong></em><em><strong>. Bull projection will be null after </strong></em><a href="https://getmonero.org/"><em><strong>Monero</strong></em></a><em><strong> </strong></em><em><strong>prices trickle down strongly from recent highs and below $153</strong></em><em><strong>.Currently, that has not been then case and if Monero bulls prevents depreciation below $153, then that should be bullish going forward.However, </strong></em><em><strong>any dip towards the 20 period MA or the support trend line with complementing stochastic buys present a wonderful opportunity to go long</strong></em><em><strong>.</strong></em></p> <h4><em><strong>How other alt coins are performing</strong></em></h4> <p> </p> <h3><em>ALT COIN IOTA PEAKING, USD BULLS TARGETING $0.732</em></h3> <p><em>http://www.newsbtc.com/https://s3.amazonaws.com/main-newsbtc-images/2017/11/IOTUSD-4HR-Chart-23.11.2017.png</em></p> <p><em><strong> </strong></em><a href="https://iota.org/"><em><strong>IOTA</strong></em></a><em><strong> appreciation has been spectacular and profitable. Investors are up 300% from their initial investment of $0.25 but now, prices are cooling down.We had that </strong></em><a href="http://www.newsbtc.com/2017/11/22/neo-bears-fading/"><em><strong>bearish divergence</strong></em></a><em><strong> which hinted of a possible slow down on November 20 that’s when price action close above $0.90 resistance line and tested $0.98.From there on, IOTA is crumbling as we can see. </strong></em><em><strong>USD bulls are now below the 20 period MA with a stochastic sell signal</strong></em><em><strong>.After c</strong></em><em><strong>lose of this candlestick and if prices remain below the 20 period MA, sellers should ramp up their position while aiming at November 21 lows of $0.732</strong></em><em><strong>. </strong></em></p> <p> </p> <h3><em>$34 SUPPORT REBUFF USD BULLS</em></h3> <p><em>http://www.newsbtc.com/https://s3.amazonaws.com/main-newsbtc-images/2017/11/NEOUSD-4HR-Chart-23.11.2017.png</em></p> <p><em><strong> For </strong></em><a href="https://neo.org/"><em><strong>NEO</strong></em></a><em><strong> bears to proceed, </strong></em><a href="http://www.newsbtc.com/2017/11/22/neo-bears-fading/"><em><strong>they must close below $34 support</strong></em></a><em><strong>. It didn’t happen yesterday and in fact prices bounced back with a stochastic buy signal.Traders should be trading this as a bullish break out after that strong candlestick on November 17 and a retest of resistance now support trend line of November 22.In light of this, NEO bulls should initiate long positions with stop losses below $34 and aim for immediate resistance at $45. </strong></em></p> <p> </p> <h3><em>$0.22 REMAINS A RELEVANT RESISTANCE LINE FOR NEM BULLS</em></h3> <p><em>http://www.newsbtc.com/https://s3.amazonaws.com/main-newsbtc-images/2017/11/NEMUSD-4HR-Chart-23.11.2017.png</em></p> <p><em><strong> Even if the general trend in the weekly chart is bullish, it has not been the same in the 4HR chart thus far.From the charts, </strong></em><a href="https://nem.io/"><em><strong>NEM</strong></em></a><em><strong> </strong></em><em><strong>prices is oscillating within a $0.04 range</strong></em><em><strong> since early October safe for that dip and a bull break out in the first two weeks of November.For now, we wait until a </strong></em><em><strong>stochastic buy signal is shows probably at main support zone at around $0.18</strong></em><em><strong>.Because of that </strong></em><em><strong>break below the 20 period MA, USD bulls should sell with a stop loss just above $0.209</strong></em><em><strong>. </strong></em></p> </html>