Neucoin Price Technical Analysis for 8/12/2015 - Ready to Test Trend Line?
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....
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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....
Neucoin Price Key Highlights. Neucoin's price is still trending higher, moving inside an ascending channel pattern on the short-term time frames. Price bounced off the channel resistance and Bollinger bands as predicted in an earlier article, making its way towards the channel support. Neucoin's price could be due for a bounce off the channel support, especially since this is in line with the ongoing trend. Trend to Carry On? The short-term 5-hour Simple Moving Average crossed below the longer-term 20 SMA, signaling that there's enough bearish momentum to spur a move towards the bottom of....
Neucoin price is trading with a positive tone. However, there is a major resistance formed near 0.00000850BTC, which is stalling gains in the price. Intraday Support Level can be 0.00000800BTC. Intraday Resistance Level may be 0.00000850BTC. Neucoin price is following a nice bullish structure and trading higher. However, there is a bearish trend line formed on the hourly chart (provided by Bittrex), which can be seen as a short-term resistance for the price. As long as it the price is below the highlighted trend line and resistance area, there is a chance of a downside move. If we look at....
Bitcoin price is pulling up from its slide but might be ready to trend lower upon testing the resistance. Bitcoin Price Key Highlights. Bitcoin price is trading in a downtrend, moving below a descending trend line on its daily time frame. Price is gearing up for a test of the trend line and could be ready to resume the selloff soon. However, technical indicators are suggesting that buying pressure might still be present. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance could still be to the upside. In that case, a break past....
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....