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NEO catching its breath before the next leg upNEO has delivered outstanding performance in the past month and is finally catching up its breath before the next leg up. The China ICO ban, the rumor on China shutting crypto currency exchanges down have certainly brought fear to the market and triggered the downtrend on NEO price. The team at Red Pulse (the first ICO to be run on NEO: coin.red-pulse.com) has decided to pause the ICO process until they have full control of all the legal and compliance implications. They are based in Hong Kong and have excluded Mainland China, U.S., and Singapore citizens from participating in the RPX sale. I'm hoping all this will be sorted out by next week so we can carry on. In the meanwhile, let's wait for NEO at the bottom and buy it for cheap before it goes back to the moon MACD, RSI and TDI are all showing a downtrend on the day chart. I'm expecting price to bounce at the previous resistance level which should now be support (also on the chart). Buy Zone and Take Profit levels are shown on the chart. Also possible to short NEO until the buy zone. I am new to this and I'm not giving financial advice. This is for pure fun and everything I say needs to be taken with a grain of salt. Do your own research before investing your money. Happy Trading!
Long
by depinz
2
BNT pushing for a trend reversalBancor, the protocol for Smart-tokens aiming to solve the liquidity problem. People are fooled by the market cap of coins in the cryptoverse, thinking that marketcap is representative of actual circulating supply. Truth is, mktcap is simply (PRICE) * (TOTAL SUPPLY) (which is the reason we got coins such as $XRP and $MOON on the top mktcap lists), but if you're really into the markets you'll realize they aren't even liquid enough to cash out a few millions or in most cases not even a million out of the market. Enter BANCOR, the protocol to solve the liquidity problem most of crypto markets have. Being able to provide liquidity through a smart contract is simply awesome. This enables users to trustlessly convert tokens without the risk experienced with centralized models. After a huge funding (which has hurt their cycle a bit) and several updates from the team we're apparently bottoming out. As one of the big projects this year is finally consolidating ideas and showing progress on their relationships and even new ICOs on the platform coming to life there's finally a trend reversal (apparently). The chart shows a hidden bullish divergence with the RSI showing higher lows and the price showing lower lows, this indicates underlying strength. On the other hand we have Stochastic RSI showing a trend change at 20% oversold levels which might further indicate a change in trend. Next 2 months have interesting updates coming which would most likely create hype for people to buy in. Volume from 8/12/2017 to this moment gives a good perspective as it's showing sells slowing down. Updates for the team/product: blog.bancor.network Github (development progress): github.com Coming conferences in which BANCOR will appear in: TechCrunch Disrupt - SEPT 18-20, 2017 CapitalFest 2017 -Big main event of Amsterdam Capital Week - SEPT 27, 2017 BlockCon 2017 - BlockChain Convention SantaMonica - OCT 10-11, 2017 Ethereal - Culture-focused blockchain event that brings innovators in the field - OCT 27, 2017
Long
by drubio
1
ETHUSD: Peak ICO negativity sent $ETH back to the accumulationThis is an update of my $ETHUSD long term forecast. We're holding spot holdings in $ETH among other currencies in our crypto portfolio for a good while now. We aim for the targets on chart, it should base here for a bit, before launching higher, as the ICO 'ban' is potentially either reinterpreted by the market as actually bullish, since $ETH is a protocol to run smart contracts harnessing the power of descentralized computing first and foremost -and not an 'ICO scam machine'-, or proven to be falsely reported or exaggerated on some crucial detail. Overall, I think this can resolve positively, but we need to wait and see to know how it actually does happen. The chart provides us with guidance, and parameters for risk management, as well as potential target zones, which have been reliable and very accurate in the past, so, let's see if we get it right this time. Regulations that could result in a catastrophe for cryptocurrencies exist, and have existed for a long time, but it is up to the regulators doing the interpretation of the 'language' in them, to actually enforce something that might damage the crypto markets -albeit temporarily, but potentially drastically enough to cause a bear market for 2 years, and a severe crypto market cap decrease-. As always, the devil is in the details, and we still don't know how the ban will be enforced, other than scarce reporting of chiense exchanges halting trading or taking preemtive action, and it isn't yet clear if/when/how will they 'refund' ICO investors. Who knows?? Certainly not me, or the market. It is key to remember that many of the insiders and market participants might be aware of facts we still don't know about, so many times, they show their tracks in the technical charts. Shout out to @db3NYa5Vww for the help in interpreting the texts concening potentially relevant regulations. Best of luck. Cheers, Ivan Labrie.
KRAKEN:ETHUSDLong
by IvanLabrie
16
ICO trading - SANUSD part 2 - second chance entryI have been following SAN since it listed on Bitfinex exchange, waiting for buy signals. An earlier signal was generated when daily candles crossed my count back line (green line) A second chance entry signal has printed today if you haven't already entered or a pyramid signal for active trades. The signals are the volume increase being the greatest volume in 7 days, a strong upward move and end to recent pullback consolidation. As I am already in the trade I am adding to my position. Stop loss level - using the base of todays bullish candle - adjust upward using long count back line analysis as trade progresses (purple line) Stay tuned for updates.
SLong
by deanbyronbay
1
$OMG Airdrop over and looks like yet another Cup N H.This pattern has repeated over and over with $OMG. Don't fight the trend. Go large here but set stops near 6.25. The structure is in place for this company to increase their market share in crypto. TA: Above cloud still on 4hr with major appearance of yet another C N H that would if confirmed breach ATH sending the Fibbie's searching for the $10 range. Beyond TA: OMG just announced their airdrop a few hours ago and I am very excited that there was no sell off. I actually liked the way the company handled this. Each ETH holder (Off-exchange wallet) received 18.4 OMG for 1 ETH. Wow! 1 ETH= about $300 USD 1 OMG=about $7 USD 18.4 OMG= $128 in free $OMG, which is about 42% additional value for each ETH wallet. Thats giving back.
BITFINEX:OMGUSD
by craig.richary
5
ICO trading - SANUSD Part 1 - Buy alertRecently listed tokens can make good trading candidates. Everything you need to know is printing on the daily charts. A low was formed and two previous days were counted backwards to enable green line to be drawn to the right hand side. This is count back line analysis being used to identify a buy signal. A buy signal is a close of the daily candle above the green line. At the moment SAN is on my watchlist. Awaiting confirmation of an uptrend forming. Higher lows printing daily candles is encouraging. SAN has recently been listed on Bitfinex exchange. I found this interesting as they have so few pairs listed for trading. Bitfinex have this week announced devlepoment of a new exchange for trading ETH and ERC20 compliant tokens. So I now expect the next announcement to be that this exchange with partner with SANTIMENT. That could see the charts pop! Stay tuned for part 2.
SLong
by deanbyronbay
TenX PAYBTC price projections. Levels.It is definitely harder to predict price patterns on these brand new coins, but Ima give it a try. Here we see Fib from low to high. You'll also see some trendlines that have started to form and support levels I've drawn. So, let's make heads and tails of this. Fib. is self-explanatory. I've drawn it from around the low to around the high of this coin. First major resistance comes in at .001. So, that will be our TARGET. You can see that the current trend is upwards. I've drawn in these trendline both on the price chart and the RSI chart. Support levels are: .00059 (this will be our stop out), .00053, and down from there .00036. Resistance levels are: .00072 and .00079. We are currently fighting both. We are also forming an ascending triangle pattern against both (a good sign). However, we are also at the top of our Bollinger Band and nearing overbought conditions on the RSI. This is our caution to put in your stops. In conclusion, the charts favor an upward move but they are also admonishing us to be careful. My TARGET for this trade is .001. Happy trading all!
Long
by stewdamus
5
IOTUSD - trading new ICOsRecent ICOs can be good trading candidates. I use - count back line analysis (nod to Daryl Guppy) Useful when new listings initially flounder or drift to test new lows. Note the low daily candle and count back 2 significant candles. Then draw a line to the right handside (green) Use this marker to offer a buy signal when price moves above line. Confirmation is a close on the daily above this line. Enter the next day if price holds above the breakout day candle low. The stop is placed at the base of previous day or breakout day depending on how tight you want to keep your stop(red) The stop level is then adjusted upwards in line with the trade to lock in profit/protect capital.
BITFINEX:IOTUSDLong
by deanbyronbay