Darkcoin Price Technical Analysis for 26/03/2015 - Buyers Waiting
After its strong surge recently, darkcoin price showed signs of a pullback and appears to be gathering more bullish momentum. On its 1-hour chart against bitcoin from Cryptsy, the cryptocurrency has retreated to the moving averages, which appear to be holding as support. Darkcoin price has already bounced off the area of interest around 0.0200 and resumed its climb upon bouncing back above the moving averages. There seems to be a bit of hesitation among buyers on this recent bounce, as price is closing in on the previous highs. An increase in buying interest, which might be indicated by a....
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The latest price action in Darkcoin has clearly taken me by surprise, and bears will be seen scampering for covers if they do not reduce or exit their short positions immediately. Just when it looked like the bulls were losing their grip and that bearish momentum will intensify in the coming sessions, the bulls made an exceptional comeback paring a major percentage of its losses since March 30. Each Darkcoin is currently worth 0.01657BTC. Darkcoin price chart, Darkcoin analysis. The price action and the technical indicators overlaid on the 240-minute DRK/BTC price chart present a strong....
Darkcoin's latest price action has been nothing less than a disappointment. Earlier, when it regained control and broke above the crucial resistance levels, hopes were high that the bullish momentum won't wane abruptly but, Darkcoin dashed all those hopes. I mentioned in my earlier analysis that sustenance above the 20-4h simple moving average is the key to more gains. Evidently, the market has failed to respect that level and the price of each Darkcoin has now slipped to 0.01574BTC. The 240-minute DRK/BTC price chart connotes a bearish outlook for the cryptocurrency as it fails to hold....
Looking at the darkcoin price chart from Cryptsy reveals that the cryptocurrency might be in for more upside, after recently bouncing off support at 0.0100. On its 1-hour time frame, price is continuing to climb higher, with technical indicators suggesting further gains: Shorter-term moving average is treading above the longer-term moving average, confirming that an uptrend is in play. The moving averages are edging further apart, which suggests that the trend is getting stronger. Price just recently broke past an area of interest and pulled back for a quick retest of....
Darkcoin price plunged yesterday to print a low of around 0.009762 BTC earlier today on Cryptsy. This bearish dive pulled darkcoin price well below the 50% Fibonacci retracement level at 0.010844 BTC, yet the following hours pushed the price upwards as now darkcoin is trading around 0.01066 BTC at the time of writing of this analysis. The fall in darkcoin price goes along the price drops of other altoins, such as dogecoin, in the face of the rising price of bitcoin. By studying the 1 hour Cryptsy (DRK/BTC) chart from bitcoinwisdom.com and plotting the 10 hour EMA (green curve) and the 20....
Darkcoin has failed to hold on to early gains and was last trading at 0.0109BTC. The depreciation in the value of Darkcoin can be attributed to the sharp rise in the price of the most loved cryptocurrency, Bitcoin. As Bitcoin continues to push upwards to cross $300, Darkcoin will feel the heat. Technical Check: Stay Cautious! A precise technical analysis on the daily DRK/BTC price chart, taken from www.bitcoinwisdom.com points to bearish connotations for the pair. Fibonacci Support - Darkcoin has deeply disappointed the investors ever since it peaked out at 0.016BTC in February. The pair....