Altcoinstowatch
NEO at lower line of ascending channel#NEO/USDT
$NEO hold the lower lone of ascending parallel channel.
🐮 price can head up to middle line of channel that is the same with resistance zone between 0.5 and 0.618 fib levels of last swing down.
break out from upper line will increase price to resistance zone between $35 and $40
🐻 rejection from middle line of channel can drop price to lower line again and break down from lower line will decrease price toward $17 and $14.
KNC one of the strongest!The Kyber Network Crystal (KNC) is mapping out to be one beautiful structural set up that is bullish asf. It’s an alt coin that I have had my eye on for awhile now and it’s function is so relevant with what we are seeing in the global markets today. It has relatively used the 20 day as its trend and followed it pretty accurately even on the weekly.
KNC Is imo a hella good coin to put down on. It’s stayed afloat even in the most volitile weeks we’ve seen recently.
This is no finance advice and DYOR.
ALTCOINS (TOTAL3 )GONNA BLEED....? NEXT DAYLY TREND CHARTALTCOINS (TOTAL3 )GONNA BLEED....? NEXT DAYLY TREND CHART
As you can see H&S pattern is clearly seen on the chart and breaking neckline the blood bath for altcoins.
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Have a nice trading!
CKB between linesIt could consolidate between those lines but we will see its move and i will update when we have some validation about the move.
Much love <3
Potential breakout soonThere are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge breakout target would be at 0.0001665 (52%) the next resistance above that are 0.0002370 and 0.0003600.
This is not financial advice.
Celo is about to breakout! CELO/BTC Daily Chart.I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent:
(A) controlling the downtrend to a stop
(B) buying and selling to create a trading range in order to accumulate as much as possible
(C) testing supply to conclude when accumulation has been maximized
(D) transitioning to an uptrend
(E) executing the breakout to a successful uptrend
What do you guys think would love to hear your comments?
DISCLAIMER: Not professional advice, just opinion and should not be used to make investment decisions.
Wyckoff pattern playing out on NANOIt looks as we have a Wyckoff accumulation pattern playing out on NANO.
It appears we are currently in Phase C of Wyckoffs accumulation pattern with a last shake out.
In phase D we should see price moving to the top of the resistance line and phase E a full blown take off.
This is not financial advice.
ALGOUSDT - LONG SETUPAlgo closed yesterdays daily candle above daily resistance, we can also see on the 4hr timeframe new bullish price action we have broke above this counter trendline and formed the right shoulder of this nice inverted head and shoulders formation, we are currently retesting previous resistance as new support and we can expect to see the contination to the upside to follow.
DASHHere is the DASH game plan guys. Also note this is a LT hold for me so I may try to carry this coin out into Oct. But for a trade I think $750 or the 1.618 fib extension is a reasonable target.
Also the Goat Greg Manerinio is buying DASH heavy so I suggest you do the same b c he is literally never wrong.
$LINA - Big potential$LINA had a nice bullish breakout from the descending formation
8 or so up candles and exhausted momentum caused a holt
Looking to get long on some of these down/demand candles as the payoff could be mental if it reaches back to range/initial highs
$BTC is actually at resistance though so I haven't DCA'd/opened yet!
See you at 20 cents soon, pls...
LINAUSDT - BREAKOUTLINA has broke out of this massive falling wedge on the daily timeframe with a impulse to the upside and is now currently retesting previous resistance as new support which is aligning perfectly with the 0.50 fibonacci taken on the impulse leg, we can also see this nice inverted head and shoulders on the daily timeframe. I am expecting the continuation to the upside to follow, we will be waiting on the 4hr timeframe for entry rules to be met before we can possibly take this long.
HBAR - LONG SETUPHBAR UPDATE
HBAR is looking bullish, since the recent correction we can see the bulls bought this dip pretty hard and pushed price back above daily resistance which the market is currently now retesting as resistance.... we can also see a nice inverted head and shoulders forming! Price is going to get sent if this zone holds as new support📈✅
🚀The Big ShiftBitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit.
The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most appropriate investment strategy to run is. Despite Bitcoin pausing from its exponential uptrend, the fact that the rest of the market is still witnessing solid strength is a strong validation that the macro picture is positive and the Bull Market is still in place. In the past months, those following our market updates can now recognize the value of Bitcoin's dominance as a valuable metric to gauge the evolving stages of this Bull cycle.
If you feel like you missed out on buying Bitcoin at lower prices, Altcoins can give you a second chance. Profiting from Alts and selling to Bitcoin in the following weeks will likely be a unique opportunity to accumulate more BTC before the next leg up.
This week the rumor of Facebook adding Bitcoin to its treasure reserves unfolded as just pure speculation. But it may be just a matter of time when the next large corporation announces to have entered the crypto space. And with a Bitcoin supply that keeps shrinking on the exchanges, the price direction can only be on the upside.
WAVESUSDT - ANOTHER IMPULSE COMINGWAVES since my previous analysis - market provided us with this beautiful impulse to the upside, a move we capitalised on and broke above daily resistance. Now what we can see is market is making a nice correction and looking as though we are going to see a retest of previous daily resistance now turned support before the continuation to the upside, i will be waiting on the 4hr timeframe for new bullish structure to form before looking for a valid entry to long.