NMC/USD Technical Analysis – 9th March 2014

Analysis provided by Ashton Fraser, learn more about his Forex Reversals trading strategies.

Namecoin has been falling since Tuesday, but some bullish buds from early this morning are now blossoming, although the flower may wither away very soon.

Let's take a closer look at the NMC/USD chart below on the H4 timeframe (click to expand):

I've performed the Fibonacci study from this month's high at 4.15 on the 4th of March, to yesterday's low at 3.3.

We can see how smooth the downtrend was by way of the Awesome Oscillator, which had been bearish for multiple candles, actually since the 5th until this morning, (marked with an orange arrow), without any interruption.

However, those bears soon became exhausted; we could tell this because of the few consecutive candles circled in white, having very small bodies. Following that, the candle marked with a green oval, was the telling one that a reversal was on the way, with the Stochastics oversold, just having crossed upwards, and both the Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term Oscillator and Awesome Oscillator having turned green.

There is some resistance which may prove a stumbling block, in the 23.6% Fib retracement level, circled in red. You can see how price has already bounced off that level very recently. This, in conjunction with the fact that the overall long term trend is still bearish, Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term to me opine that price will probably stay between 3.3 and 3.5 for the rest of the day.