Neucoin Price Technical Analysis for 14/12/2015 - Watch This Channel!
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....
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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 Key Highlights. Neucoin's price is trending lower, moving inside a descending channel connecting the latest highs and lows of price action. The price is currently testing the top of the channel pattern and could resume its drop if the resistance holds. Potential Reversal? The shorter-term 5 SMA is below the longer-term 20 SMA, which suggests that the path of least resistance is to the downside and that the selloff is set to carry on. The stochastic oscillator is on the move down from the middle ground, which means that sellers are in control of price action. The moving....
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....
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....