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Consolidation-breakout

XVGBTC - Consolidation for a few weeks + BreakoutVerge has been up and down over the past few weeks, thanks to bickering between their marketing team and McAfee. It's stabilized around 1000-1100 sats, and seems to be consolidating. 4HR chart indicates a convergence around 1/25. Looking for a bounce off of the 1050 long term support line today. Then we have to break short term resistance. Should see a slow rise to 1350-1450 around the 25th, peppered with a couple spikes. We could see it get back up to the 1700-1800 level. Resistance lines at 1400, 1600, and 1850 back to Christmas Eve. I'd bet on a breakout to 1800 by the 25th followed by a selloff to the 1400 level before stabilizing again around 1600. I'll update as we get closer.
XLong
by epaka
[LBC/BTC] Great long term hold!! %200-%300+ possible!! QUICK UPDATE; is looking bulish after a slight correction! RSI's are all positive. Cloud exit on 1D, has potential to breakout with this setup! Compare todays volume to the last run, and this alt looks super cyclical (alt life cycle) and its got huge potential. MacD shows a promising steady growth from hitting a low for so long. According to my analysis 200% profits is easily reachable. if you'd like to hold longer you can aim for 300% and more ++! You wait, you win. Patience is key. As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
Long
by Gibmoses
8
[RDD/BTC] - Cup & Handle! ~30%++ ProfitGood Morning everyone! here's another profitable trade if it plays out right. ** Cup and and handle is the most common and profitable pattern! Reddcoin looks pretty solid. It's had some crazy gains the past couple of days and now it appears to be building a cup and handle. RSI and MacD showing signs of a reversal, I'm assuming its forming a handle. This coins is worth watching for sure. As always this is my trade opinion and the strategy i am implementing for my trades. Do your own research and never risk more then you can afford to loose. Please feel free to ask me questions and or comment your thoughts and ideas. Thank you & Best of lucks! (:
Long
by Gibmoses
2
UCAD MELTDOWN PREDICTED !!Amazing couple weeks for one of my all time favorite pairs. We have seen a huge 200 pip range for this pair for months directly under the weekly 50% Fib Retrace. In my last analysis posted I hinted that this was the first Lower High for the huge 1600 pip drop and we could see sellers take back the market from this range. 2 days later this came true with a meltdown of over 300 pips! USDCAD has now hit 1.250 area which is a huge area of resistance/support for this pair looking back through its history. I want to see a pullback from this price but currently do not see any seller exhaustion wicks. Do not get caught in any countertrends for this pair unless your confluence more then lines up because pips move quick on this pair. I am now looking for a re entry from a 4 hour retrace & will update pair throughout this month for entry/major moves. LETS GOOOOO BABBBBBYYYYYY!!!!!!!
by draked11
2
Seasonal Swing In CORNIt must be thanksgiving and Christmas because CORN has been looking ready to pop for some weeks now. December/January is a typical bullish swing for CORN. I expect price to move up into the 3.68 level in the coming week or two. Beyond that will be hard to say. There is some strong Bearish market structure lurking around. Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
CLong
by TheBadPanda