Neucoin Price Technical Analysis for 30/11/2015 - Testing Monthly Lows
Neucoin Price Key Highlights. Neucoin price has been sliding lower, mostly driven by bitcoin price strength in the past few days. This has taken price all the way down to its lows for the month at 0.000021, at which profit-taking might take place and pave the way for a quick bounce. Neucoin price could see a bit more upside from here, especially if traders book profits off their positions by the end of this month. Technicals Support a Bounce. Technical indicators are also suggesting that a bounce might be in order, as the selloff is overdone. Stochastic is in the oversold region, which....
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Neucoin Price Key Highlights. Neucoin's price made a convincing downside break from its consolidation, visible on both short-term and long-term time frames. This suggests that further Neucoin losses are in the cards, spurred by positive momentum in Bitcoin price action. Neucoin's price might have its sights set on much further lows, although a pullback to the broken support area might still be possible. Support Turned Resistance? With Neucoin prices treading lows not seen before, traders might be quick to book profits on their short positions. If that happens, price could make a rebound to....
Neucoin Price Key Highlights. Neucoin's price has been trending higher on short-term time frames, but it looks like a quick pullback is in order. Prices recently broke past a resistance level around 0.000025 BTC and zoomed up to a high of 0.000033 BTC before showing signs of a correction. Neucoin's price is now testing the broken resistance at 0.000025 BTC, and this might hold as support, sending it back up to the previous highs later on. Technical Indicators Signal a Bounce. The stochastic oscillator is on its way down, which means that sellers are still in control of Neucoin price....
Neucoin Price Key Highlights. Neucoin's price made a false break from the bottom of its range last week before bouncing back inside and starting an uptrend. Price is now trading inside a rising channel, indicating that buyers have taken control. Neucoin's price is now testing the top of its longer-term range around 0.000026 BTC, which is right around the top of the rising channel, as well. Another Selloff Likely? This confluence of resistance levels at the 0.000026 BTC mark could push Neucoin prices back into selloff mode, possibly leading to a downside break of the channel support and a....
Neucoin Price Key Highlights. Neucoin prices recently broke below a near-term support area, signaling that a downtrend might be underway. Connecting the latest highs of the Neucoin price action on the short-term time frame confirms that a selloff is taking place. Neucoin prices could make another test of the descending trend line, which coincides with the broken support area around 0.000021. Area of Interest. The stochastic oscillator is making its way out of the oversold area, indicating that sellers are taking a break and letting buyers take control of Neucoin price action. There's still....
Neucoin Price Key Highlights. Neucoin price is on a downtrend, after breaking below a double top pattern earlier in the month. Price is also moving inside a descending channel since the start of the week and is on its way to test the resistance. Neucoin price could be in for yet another round of losses if the top of the descending channel continues to hold as resistance. Next Potential Support Level. If the selloff resumes around the current levels, neucoin price could make its way back down to the channel support near 0.000020. Stochastic is on the move down, which means that sellers are....