Altcoin breakout / breakdown key zone
· There are some different unlock zones in view of many altcoins, bullish and bearish.
· The market continues to consolidate, but overcoins are showing some evidence leading to a higher move.
Above: price sitting just below the main support level.
Personally I like NANO – as a transactional cryptocurrency.
It's almost instantaneous as you can get and the fees are close enough to 0.
So it bothers me that this crypt is not rated higher than it is.
A good part of the reason could be related to some legal problems concerning some members of the NANO core and the replacement cryptograil.
That news has clearly not shown to influence the price of NANO as it has not moved or moved differently from the broader market.
From a trading standpoint, NANO is sitting right under his 0 / 8th Major Harmonic, which is the final level of support for NANO before the total price capitulation.
But it is contained in that area of value and since November 15 has been traded in an extremely narrow range.
Since we broke above the 0 / 8a key harmonic greater than 0.0002621 but I can not keep it, I'm waiting for a close above that level and closer to 0.0002938.
Above: Waiting for a longer break.
For 0x, the current arc acts as a source of some rigid resistance, so tracing a long work requires a little patience.
I'm just trying to go a long way with ZRXBTC if we pass over that arc over time, but also when we pass the 3 / 8th internal harmonic at 0.00008936.
There continue to be some strong fundamental reasons why I like this cryptocurrency.
The skill and the idea of using blockchain technology to pay homage to the ownership of digital "resources" is something that will spread very soon in the gaming industry.
Above: Litecoin responds to the external arch as a support.
Litecoin led a very strong and healthy rally from December 14th to January 8th, collecting a good + 86.15% before tackling a pullback.
The resistance he faced was the outside arc and a traction for the 45 degree angle – which is directly where he has traveled and stopped.
Today is the first day Litecoin has moved away from that arch and is now completely outside of it.
There was a good amount of sales pressure during the day, but this was regained.
It is currently on the market very close to the opening of the day.
In fact, I feel comfortable taking a long position because the "45 degree" angle is actually quite steep and every day moves a significant amount of higher price.
In this style of market geometry, the act is a kind of "magnet": it represents the balance over time and in price, so the price naturally wants to be traded near that corner.
The further you move away from it, the more violent you move back to that corner.
Further information: Data on LTC / USD exchange rates today, currency charts, historical statistics and comparisons