NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Altcoin Analysis for 07-10-2017: NEO, DASH, IOTA, XMR and LSK

newsbtc
newsbtc
1 year ago
2 mins read
NEO

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

NEOUSD TECHNICAL ANALYSIS

Even though there was a clear job reduction in September 2017, the USD managed to stay stable. Data shows that unemployment contracted while average hourly earnings surged by 0.5% last month. Earnings data is a metric used by the Feds and is a subtle inflation indicator. Therefore, any increase should be positive for the greenback. As evidenced, price action failed to break above $35 which was our bull trigger level and sellers actually took charge in the later stages. Check out the long upper wick on yesterday’s candlestick. I will set out new triggers defined by that wedge. As a bear, it is most likely that price action will gravitate lower and break out below support. Break out above $38 will invalidate our bear projection. Refer Figure 1(above): NEOUSD-Daily Chart-07.10.2017

DASHUSD TECHNICAL ANALYSIS

Analysis, Altcoin, Oct 7,
Figure 2: DASHUSD-Daily Chart-07.10.2017

After 04.10.2017, two things have been clear: The slow but steady DASH appreciation and the almost stable volumes. As noted, there is a stochastic buy signal and bulls are pumping prices up. Price action is bouncing off the lower BB as sellers and buyers try to cancel each other out. Because of this, resulting have been dojis. Our reasonable resistance line will be above 02.10.2017 highs of $325 and the 50 period MA. Of course, any bearish engulfing candlestick which breaks below the wedge means short entries. Overly, I remain a bear on this pair with ideal targets at $270 and $220.

IOTUSD TECHNICAL ANALYSIS

analysis, altcoin, cryptocurrency, IOTA
Figure 3: IOTUSD-Daily Chart-07.10.2017

Because of a USD fundamental event yesterday, there was a little volume spike to $13M relative to 05.10.2017. Consequently, the minor support at $0.52 was broken by that strong bear candlestick.  After that retest on 04.10.2017, bears have been in charge and the 50 period MA is doing its job. Since stochastic bear pressure is still on, our initial targets remain in place.

MONERO-XMRUSD TECHNICAL ANALYSIS

analysis, altcoin, monero, xmr
Figure 4: Monero-XMRUSD-Daily Chart-07.10.2017

As flat as price action is, the 50 period MA and the resistance trend line are repulsing any attempted breakouts. For 5 trading days, price action has been consolidating below $95. With series of lower lows over 3 days, bears are slowly taking the lead. Furthermore, because of stochastics sell signal dropping from the overbought territory, we can assign a high probability of volatility to the downside with a view of the break below $87 and the support trend line. If it does, our stop loss should be above $95 with first and second take profit levels at $80 and $60 respectively.

LSKUSD TECHNICAL ANALYSIS

analysis, altcoin, cryptocurrency
Figure 5: LSKUSD-Daily Chart-07.10.2017

I was waiting for a break below support trend line yesterday and it did happen. Since bear momentum is high and a sell signal is still in place, I recommend a sell position as we take advantage of this breakout. First, take profit level is at $5 and then $4 before we expect buyers to jump in at that resistance turned support at June highs and September lows.

Contributed by Dalmas Ngetich, an expert with 3 years in Forex, Commodity and Cryptocurrency trading. All charts, courtesy of Trading View
Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

Popular market analyst with X username Daan Crypto has provided an important insight into the Ethereum market, stating the altcoin...

Semilore Faleti 4 hours ago
Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Solana (SOL) has registered a 0.58% loss in the past day, representing a slight price retracement from its strong weekly...

Semilore Faleti 7 hours ago
Bitcoin

Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit

Over the last month, Bitcoin ranged within the $100,000 — $110,000 price region until its recent breakout to reach a...

Opeyemi Sule 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

Scott Matherson 17 minutes ago
Bitcoin

Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’

Christian Encila 1 hour ago
Ethereum

Ethereum Chart Confirms Bull Flag Breakout: $3,834 Target Comes Into View

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    3 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    3 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    3 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    1 day ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.