Litecoin (LTCBTC) Bounces From Support (What Now?)Litecoin (LTCBTC) had a really strong bullish wave that lasted from early December 2018 until early April 2019. Needless to say, this bullish wave generated massive profits (over 170% from bottom to top).
On the 6th April LTC started to retrace until it found support at the 0.786 Fib. retracement from the Feb-April wave, this is right below EMA100.
At this point, Litecoin printed a big green candle that managed to put it back above EMA100 as well as EMA10.
Now trading above EMA10, LTCBTC is showing good bullish potential, the next challenge is sitting 0.014492 or EMA50.
Let's get to business... Will Litecoin continue moving up?
If you look at the MACD, you can see that it is starting to curve up and the histogram is going in favor of the bulls.
The RSI downtrend has been broken and a strong bounce happened but it is still below 50.
Volume isn't as strong as we would like to see for bullish confirmation, so we are seeing the good potential but still with some mixed signals.
To confirm additional bullish action we would have to see a lot more volume coming in in the next two days, as well as LTC remaining above EMA100, or even better, EMA10.
What's your take on where Litecoin (LTCBTC) is headed next?
Share your thoughts in the comments section below.
Thanks a lot for reading.
See you on our next call.
Namaste.
Kraken
ATOM, strong short to base price.So, what we see there ... new crypto on Kraken. So young, exactly we have only one interesting price on x-lines indicator. Seller do first money on none proffesional buyers. Price will go down and stop only we find better price for big volue purcheses. Like you can see there is some volume in the past after wich price still go down so it was sellers.
Strong short to strong volumes.
BitFinex Vs CoinBase ($325 USD Spread, Risk Increases)Looking at Bitcoin (BTCUSD) on CoinBase vs BitFinex, the price difference is becoming bigger, the risk is starting to increase.
Go here for a full detailed analysis and why this is unhealthy for the cryptocurrency market, especially Bitcoin:
We are now looking at $325 USD in price difference and we see BitFinex moving higher and higher but with no volume, which is a terrible signal, bloody Monday coming soon?
Feel free to hit like now... If you want to, and let's continue with this analysis.
Looking at the MACD on both exchanges, the bearish is becoming more pronounced.
While there has been no action on CoinBase, BitStamp, BitMEX, etc., BitFinex continues to grow, do they know something that we don't know? Not likely, this is just the usual Tether (USDT) situation.
All the price action details are explained in my previous analysis, but if BTCUSD does fall, you can expect support to be found first at the $4900 - $5000 range followed by EMA50 if the above level breaks.
As for a break to the upside... I believe it is possible but very unlikely, looking at CoinBase chart. EMA10 is still the challenge to break and the structure of the chart isn't that inviting for an impulse to the upside.
Where do you think Bitcoin is headed next?
Share your thoughts in the comments section below.
Thanks a lot for reading.
Great Sunday.
This is Alan Masters.
Namaste.
[XRPM19][LONG][8X][177.28% ROE] Ripple on BitMEX @alanmastersTo all those great supporters who hit like in my previous Ripple (XRPM19) chart analysis , here is the full trade for BitMEX as promised.
But before we go there, let me share a few warnings as this is only for advanced traders:
All the information shared here is for learning, educational and entertainment purposes only. This is not financial advice.
Trading on BitMEX or any other leveraged platform is highly risky and not intended for beginners, rookies or people who can't take a loss.
Trades can do great, generate massive profits fast, just as they can generate a loss.
If we hit, we are happy, we take the profits, we are grateful, say thank you and move on.
If we take a loss, we continue being happy, we adapt, we learn and continue with the next call.
So it doesn't matter whatever happens, remember that you are a Divine Soul.
Ok, please follow me now... Let's trade! (Remember to hit like).
-----
Trade: LONG XRPM19 by Alan Masters
Leverage: 8X
Buy-in: 0.00005400 - 0.00005700
Time Frame: 4H
Targets:
(1) 0.00006090
(2) 0.00006250
(3) 0.00006490
(4) 0.00006780
Stop Loss: Close 4H 0.00005400.
Liq. price: 0.00004995
(Buy-in calculated at 0.00005550)
Profit Potential: 177.28% ROE
Capital Allocation: <6%.
-----
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
[AGIBTC](166%) SingularityNET Full PREMIUM TradeSingularityNET (AGI) Overview
SingularityNET lets anyone create, share, and monetize AI services at scale. The world’s decentralized AI network has arrived.
SingularityNET is a full-stack AI solution powered by a decentralized protocol.
We gathered the leading minds in machine learning and blockchain to democratize access to AI technology. Now anyone can take advantage of a global network of AI algorithms, services, and agents.
SingularityNET (AGIBTC) Chart Analysis
I’ve been looking at many of the Binance altcoins and they are showing some “support” buying, but I am not convinced since there isn’t enough volume. For instance, DENTBTC did show volume on its break and it moved accordingly while others retraced.
SingularityNET (AGIBTC) has gone through some “support” buying as well but this one does have the volume to support this move, which means that it can produce additional bullish action pretty soon. Let’s take a look at the chart signals:
You can see the huge falling wedge and all gains being removed.
The green area is the demand zone, this is where people buy.
The RSI has broken its downtrend after hitting oversold.
The last volume bar is the biggest since March’s bullish wave.
The chart is very self-explanatory.
Let’s trade!
SingularityNET (AGIBTC) PREMIUM by Alan Masters
Buy-in: 0.00000640 – 0.00000690
Next support: 0.00000550 – 0.00000600
Targets:
(1) 0.00000810
(2) 0.00000920
(3) 0.00001000
(4) 0.00001098
(5) 0.00001200
(6) 0.00001270
(7) 0.00001380
(8) 0.00001555
(9) 0.00001675
(0) 0.00001838
Profits potential: 166%
(Buy-in calculated at 0.00000690)
Stop-loss: Close weekly below 0.00000530
Capital allocation: <10%.
HOW TO OVERCOME THE LAST HURDLE
On the way to growth, to freedom, to success, we find many challenges at all times.
The closer we get to our goals, the more we experience these challenges in different ways.
Family and friends are great, but if you are in the path of growth, they can really get in your way.
If you understand this situation and have been facing it for long, here is a little strategy, for you to be able to fulfill your role.
How to overcome the last hurdle?
LEAVE, and only come back once you’ve achieved your goals.
It might sound harsh, but once you come back, they will love you even more.
Namaste.
[TRXM19][LONG][10X][156% ROE] Tron on BitMEX @alanmastersAs promised, to all those great Alan Masters followers who come here and read on a daily basis and show your support... I am deeply grateful.
Here is our full trade for Tron (TRXM19) on BitMEX.
Disclaimer:
This is not financial advice.
All information here is shared for learning and entertainment purposes only.
Leveraged trading is for advanced/ experienced cryptocurrency traders only. If you are a beginner trader, please check the normal trading as this is high-risk and can easily produce a loss. We share many, many trades that are basically risk-free.
If you can't take a loss skip this and all of my BitMEX trades completely as this is for smart, robust and experienced traders only.
Other than that... Enjoy the trade. I am really hoping that you like it and generate great profits with it, truly.
Make sure to always hit like, it only takes a second and it helps massively in continuing with this work.
Now...... LET'S TRADE!!!
----
Trade: LONG TRXM19
Leverage: 10X
Buy-in: 442 - 450
Time Frame: 4H
Targets:
(1) 470
(2) 498
(3) 518
Stop Loss: Close 1D below 423.
Liq. price: 415
(Buy-in calculated at 448)
Profit Potential: 156% ROE
Capital Allocation: <4%.
---
Thanks a lot for your continued support.
Namaste.
Hydro Starts To Print A Bottom Full Trade [HYDROBTC](135% PP)Hydro (HYDRO) Overview
Hydro – The Public Ledger for Financial Services
Hydro allows private systems to interface with a public blockchain. We propose a new hybrid private-public model that enables financial services platforms to leverage the dynamics of a distributed, transparent, and immutable public ledger. The project focuses on particular areas where this can add value, such as authentication, identity management, document security, transactions, and artificial intelligence.
Hydro (HYDROBTC) Chart Analysis
The chart for Hydro is starting to look bullish but these are really pretty early signals, let’s look at the chart:
The main signals here are the bullish divergence on the MACD and a low that HYDROBTC could not break sitting at 35 satoshis, this level was hit 6 times and could not be broken.
If HYDROBTC can bounce from here, break above EMA10, we can expect a strong move up.
So really low risk, 15-20%, with really high potential rewards (100%+).
Let’s move to trade this altcoin…
Hydro Full Trade by Alan Masters
Buy-in: 0.00000035 – 0.00000039
Next support: 0.00000032
HYDROBTC Targets by Alan Masters:
(1) 0.00000041
(2) 0.00000046
(3) 0.00000054
(4) 0.00000059
(5) 0.00000065
(6) 0.00000072
(7) 0.00000077
(8) 0.00000084
(9) 0.00000089
Stop-loss: Close weely below 0.00000030.
Capital allocation: <10%.
MOMENTS FOR INTROSPECTION
Take a moment to think within for yourself.
A moment of silence, a pause... Before any action.
A moment to consider the situation... The different options.
Investing in the moment to improve future results shows dedication and motivation.
Always dedicate yourself a moment for introspection.
It is good for your health, for your wealth and your imagination.
Introspection can improve the results of any situation.
Namaste.
BitFinex, CoinBase & BitStamp $240 USD Spread ($3020 or $7010?)We are in love with Bitcoin, altcoins and the cryptocurrency market in general, we believe this to be the best alternative available today to centralized fiat money.
If this isn't a substitute, it is still always great to have different options, different choices; alternatives.
So now we are looking at alternative money and it has its advantages and disadvantages just like everything else in this lifetime.
So yes, manipulation is real and does exist. Fraud is also possible and real, and there are all sorts of good, bad and neutral actors in all areas of business and life, but a simple accusation shouldn't be enough for us to call for the new to be transformed into the old... Anyways, let's get to the charts.
We are looking at the difference in price between BitFinex ($5400), CoinBase ($5170) and BitStamp ($5170). We are looking at almost $240 USD in price difference, and each time we have this huge gap, things tend to go sour for Bitcoin (BTCUSD).
Yes, it can go bullish for a few days, but this type of price difference almost always results in a strong drop.
The last time we saw a similar difference in price Bitcoin was really bearish, and as the gap closed and these exchanges reached a balance, Bitcoin (BTCUSD) had a strong bullish wave.
Now we are seeing another Tether (USDT) situation and we really don't know how this will end.
Since we can't predict what will happen next, we can take a look at these charts and the signals coming from it to get an idea of that.
Let's take a look at some really classic signals and take it for what they are worth:
Bitcoin (BTCUSD) Chart Signals
BTCUSD is now trading above EMA10 (BitFinex), but in other major exchanges (CoinBase & BitStamp), BTCUSD is trading below EMA10. So BitFinex is looking better but the problem remains that BitFinex is trading against Tether (USDT) and not USD, which can explain how it managed to break above EMA10 while this same resistance was rejected in all other exchanges.
Big volume to break below EMA10, and a subsequent rejection on the bounce (CoinBase and BitStamp). These are bearish signals.
The MACD is leaning towards the bears on all the exchanges above and shows room for more down. There is also bearish divergence showing up and the histogram moving in favor of the bears.
The RSI remains strong but is showing bearish divergence as well which is usually a strong signal on this time frame. Normally this signal is pretty accurate when it starts to show up on the 4H time frame, we are looking at BTCUSD daily now and this divergence is very pronunced.
We can also look at the phase at which this market is at as well as many other factors that support an upcoming drop. Yes we want Bitcoin to continue going up and higher, but based on these signals and past history (you've seen the hundreds of charts comparing BTCUSD to the past and expecting a drop) we are very likely to see a drop.
Where to next Bitcoin? Support & Resistance Levels
In order for Bitcoin to continue moving up, the first challenge is to break and close above EMA10, with the exception of BitFinex of course. The next challenge would be to break the last high at around $5650. If BTCUSD can break these two resistance levels, then we can consider further growth, for now we focus on EMA10 first, anything below it and Bitcoin remains bearish (Trading below EMA10 = bearish potential).
On the way down, the first support range is sitting at $4900 - $5000. If this level can be broken, you can expect BTCUSD to test EMA50 ($4750) next, followed by EMA100 which is the lowest for us right now. If this level hits we will need a new analysis depending on how the daily candle closes.
We all love Bitcoin and we are here for the long term.
We are super bullish long-term and we believe (we KNOW) that Bitcoin is the future.
Looking at it short-term Bitcoin is aiming for a drop, based on the signals coming from this chart... But, this is just our idea based on our experience and the information you see above, please let us know where you think that Bitcoin will go, and feel free to share your thoughts in the comments section below...
This is Alan Masters, thanks a lot for your continued support.
Namaste.
Bitcoin Cash (BCHM19) Fractal For 120% ROE on 10X LevWe are looking at Bitcoin Cash (BCHM19) and can notice a similar pattern compared to its last bullish wave.
Easy to notice on the chart, we have two broadening falling wedges (purple dashed arrows) wherein both cases a low was hit followed by higher lows before a breakout.
There is no more volume for the bears and the RSI and MACD also support a move to the upside.
The MACD presents a bullish crossover, which also happened before the breakout on the last retrace.
The RSI hit a low point and quickly bounced, which also happened before the breakout on the last retrace.
Now, there can be another drop but if you look at the set up above, it is likely that a break to the upside can happen.
Bitcoin Cash also tends to trade inverse to Bitcoin on many occasions, and this can turn out to be one of those.
This is not a piece of trade advice. If you use this chart to trade remember to use a stop loss and also know that this is very risky.
Want to see a full trade for Bitcoin Cash (BCHM19) with buy-in, targets, stop-loss, and additional information? Make sure to hit like.
If enough people hit like, I will share this full trade as I will know there is enough interest.
Thanks a lot for reading.
I hope you enjoyed the chart above.
Namaste.
Tron (TRXM19) Finds Support? Over 140% ROE on 10XTron (TRXM19) has the potential to move up from the current price level.
The above chart is very young, this is from BitMEX, but if you look at the TRXBTC pair you can see that the price at which Tron bounced is the 0.786 Fib. retracement support from the last bullish wave, which means that a bounce can happen here... Feel free to hit like now and take a look at the chart below:
The RSI hit oversold.
Volume is increasing.
Hidden bullish divergence on the MACD.
& More.
I have a full trade for TRXM19 with over 140% ROE on 10X leverage. Want to see the full trade? Feel free to hit like, if enough people hit like I will know there is interest and share this trade. (This is time sensitive)
Thanks a lot for the continued support.
This is Alan Masters.
Namaste.
Ripple (XRPM19) Can Do 160% ROE on 8X Lev. Want In?I am looking at Ripple (XRPM19) and seeing a potentially very profitable trade set up, but we are looking at BitMEX with really high leverage, so remember this is high risk and for advanced traders only.
I am seeing bullish divergence showing up on my main indicators and we are now trading above EMA10.
We have a trade here that can do over 160% ROE with 8X. Would you like to see the full trade details? Buy-in, targets, capital allocation, stop-loss, and more... If you are interested feel free to hit like if enough people hit like I will share the full trade details. Note: This is time sensitive.
All details marked on the chart.
This is not a piece of financial advice. Trade at your own risk.
All information here is shared for learning and entertainment purposes only.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Bitcoin Drops As Expected, But How Much Lower? (Trade inside)Bitcoin (BTCUSD) just had the first strong drop in quite a while, but this is no surprise, we were expecting this... Here you can see our previous analysis:
Now, the question is this, how much lower can Bitcoin go?
We are looking mainly at EMA100 on the daily time frame, but EMA50 goes first. I would say our next stop goes at $4680 depending on how the day closes, but this retrace is just starting and it can take a while to fully develop.
Here is our latest Bitcoin (XBTUSD) trade:
--------------
Trade: SHORT XBTUSD
Leverage: 10X
Buy-in: $5400 - $5500
Time Frame: 1D
Targets:
(1) $4970
(2) $4710
(3) $4500
Stop Loss: Close 1D above $5650.
Liq. price: $6029
(Buy-in calculated at $5460)
Profit Potential: 213% ROE
Capital Allocation: <10%.
--------------
Feel free to hit like to show your support.
Where do you think Bitcoin is headed next?
Leave your comments in the comments section below, and remember to hit like.
Namaste.
Litecoin Hits Support, Potential Bounce ZoneLitecoin (LTCBTC) has hit the 0.786 Fib. retracement support and is now trading just above EMA100, sitting on a great spot for a bounce, but there are a few things to take into consideration first... Feel free to hit like now and let's continue with this analysis:
LTCBTC has been showing huge momentum on the drop, so it can still go a bit lower.
If EMA100 doesn't hold (daily candle closes below it), then you can expect for EMA200 to be tested.
If EMA100 holds as support, we can expect Litecoin to bounce and start a new wave up.
Green volume was good yesterday, bulls need to follow up today for a bounce.
Different scenarios drawn on the main chart.
Thanks a lot for reading.
Namaste.
Ren Removes All Gains, Prepares for 100%+ Next WaveRemember Ren (RENBTC)? This little gem generated us over 111% profits on our last trade on Binance, and the charts are getting ready for a second run.
You can see our previous trade here for results and additional details:
RENBTC has removed all gains from its last bullish wave and is looking to create a double bottom.
Our last entry recommendation was around 420 - 460 satoshis, the current price at the time of this writing is 423 satoshis, showing that RENBTC is reaching support and preparing for a second run.
All the details are marked on the chart:
All targets on the main chart.
Weekly close below bottom dashed line is our stop loss.
Feel free to hit like now.
It can take several months for this trade to fully develop.
This is a friendly reminder.
Enjoy the profits.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Hodl Tezos like a Chad. Target at $5Been buying at $0.52 with our target $1.37
A 160% up move.
But it's time for another trade.
See previous tradingview chart called "Buy Tezos like a Chad"
If you sold, it's time to buy back.
Now you have to buy/hodl like a Chad.
With a target at $5
Tezos is great. Smart contracts with formal verification and functional programming.
Buy/hodl. Understand the tech behind it and hodl to show these people who the real alpha male is. Take that position trade.
Don't need some triangles, Fibonacci and indicators to know that it's going to $5.
Bitcoin (XBTUSD) Rising Wedge (Potential Fall) + AltcoinsBitcoin (XBTUSD) is now trading within a rising wedge and has the potential to fall.
We can notice bearish divergence showing up on the MACD and RSI.
Trading volume has been decreasing and there is a long wick on top of yesterday's candle.
If the daily candle closes below yesterday's high, we can expect Bitcoin (BTCUSD) to fall in price. This can be a long retrace.
Hit like now...
Altcoins Market Update
I've been looking at quite a few charts for most of the smaller cap. altcoins and many are hovering around strong support.
The Bittrex altcoins are starting to move ahead of the flock and some are producing some massive gains, you can see a few examples below (I believe more bullish action will show up on Bittrex):
CMCTBTC (+200%)
XDNBTC (+50%)
BEANBTC (+80%)
Url:
The Binance altcoins are mostly retracing and many hitting new lows, but this is a great opportunity, after a wave down comes a wave up (I believe there will be many buy opportunities developing on Binance for big profits next month).
Here are some examples of opportunities in the making:
Skycoin (1180% Profits Potential)
Ren (100%+ Profits Potential)
Nucleus Vision (1500% Profits Potential)
So the altcoins market is low but starting to wake up and might be looking at some strong bullish action within 2-3 weeks.
Feel free to hit like now... if you want to show your support.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Bitcoin Cash Can Go Lower (BCHM19 on BitMEX)Looking at Bitcoin Cash (BCHM19) on the daily time frame, I can see that it can continue going lower.
BCHM19 is now trading below EMA10 with additional room available to go down.
I looked at the BCHABCBTC pair for a better view since there is more data available on the chart. Here it is:
After a small bounce to retest EMA10, BCHABCBTC and/or BCHM19 can continue going lower to test EMA50 (magenta line).
Conditions for change: A break and close above the 3rd April high can invalidate the above signals.
This is not a piece of trade advice.
Feel free to hit like if you enjoyed this content.
Thanks a lot for reading.
Namaste.
Skycoin Double Bottom (1180%+ Profits Potential)Skycoin (SKYBTC) reached its all-time high almost a year ago back in June 2018. After this high was reached there hasn't been any significant bullish action but the classic 50% correction waves.
Now Skycoin (SKYBTC) has marked a double bottom and has the potential for massive gains in the weeks to come.
In late February SKYBTC hit an all-time low at 241 satoshis, this same low was hit today. After some additional consolidation, we can expect a strong move from this altcoin pretty soon.
Of course, our all-time low needs to hold for the 1180%+ profits potential to be able to play out. A close below 241 satoshis can send SKYBTC lower, any trading above it and we remain bullish.
Where do you think Skycoin is headed next?
Share your thoughts in the comments section below.
If you want to see a full trade for this altcoin, feel free to hit like to show your support. If enough people hit like I will know there is enough interest and share a full trade for SKYBTC with massive profits potential.
Thanks a lot for reading and your continued support.
This is Alan Masters.
Namaste.
BlockMason Credit Protocol Breaks All Highs Since Nov. 2018BlockMason Credit Protocol (BCPTBTC) has broken above all highs since November 2018, producing its first higher high and opening up the doors for additional bullish growth.
On the chart above I drew two different scenarios, the scenario where BCPTBTC continues with its impulse up and challenges the next resistance, or the scenario where it retraces, retest support and then proceed with its growth.
The RSI is super bullish and the volume is good. There is some worry forming on the MACD, bearish divergence, which makes me lean towards the retrace scenario before additional growth.
This is really early as this just started to move, but BCPTBTC will definitely produce some major gains in the months to come.
I'll be keeping on eye out on this one for a good trade set up and entry. Make sure to hit like if you want to see a full trade for BCPTBTC. If enough people hit like I will know that there is enough interest and share it here once a good trade set up develops.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Civic Prepares For A New Wave (Over 100% Profits Potential)After removing almost all gains from its last bullish wave, Civic (CVCBTC) is preparing for the next one.
Civic just printed a high volume bar, signaling that its retrace might be coming to an end. It might still take a few weeks before a strong move up, but we are now certain that CVCBTC is trading around support.
Our last CVCBTC trade generated over 90% profits for us, this new upcoming wave can do 100% or more, all details can be seen on the main chart above.
Here is our previous chart Civic (CVCBTC) with targets and profits details:
On the chart above I am seeing bullish divergence marked on both the MACD and RSI. I marked this with a purple line.
Trading volume came down to a halt and only increased today to try and challenge EMA10 to the upside. If the daily candle can close above EMA10 it would be a great signal for the CVCBTC pair and its future short term growth prospects.
This is a friendly reminder... So please remember to hit like, if you want to now, to show your support.
Also, remember to always use a stop-loss if you trade based on this information. This is not a piece of trade or financial advice. All the information shared here or by Alan Masters is intended for educational and entertainment purposes only.
Thanks a lot for reading and your continued support.
Namaste.
Bitcoin Still Trading Above EMA300, What Happens Next?Bitcoin is still trading above EMA300, and even after massive bullish action with a retrace looming around the corner, it also remains trading above EMA10... The Bitcoin bulls are showing massive strength but there hasn't been any additional growth since the strong break in early April...
Daily chart with EMA300 marked:
Feel free to hit like, if you want to now, and let's continue with this short analysis:
We have a bullish rectangle as consolidation and continuation pattern, this pattern can easily lead to a breakout to the upside.
We are clearly looking at decreasing trading volume but still not low enough. There can be additional sideways consolidation/action.
The MACD is showing bearish potential, with the histogram now going in favor of the bears.
The RSI remains strong and showing a solid uptrend, quite bullish.
I say we have quite a few mixed signals here, and Bitcoin remains bullish as long as it remains trading above EMA10.
What's your take on what Bitcoin will do next?
Please share your view in the comments section below.
Remember to hit like.
Thanks a lot for reading.
Namaste.
FunFair Early Signal (Starts To Move Again +50% PP)FunFair (FUNBTC) is starting to move and now challenging multiple resistance at once.
Looking at the chart above, we have the following signals... Feel free to hit like now and let's continue:
Breaking above EMA10 and EMA50.
RSI on the bullish zone.
MACD bullish crossover.
Lacking volume (bearish signal).
My view: I can say that FUNBTC has good potential here. The volume is still low but is very likely to build up through the day.
On a positive bullish breakout, you can expect at least the last high to be taken out.
This is a very strong, safe and easy set up to trade.
This is not a piece of trade advice.
Thanks a lot for your continued support.
Namaste.
Cardano (ADAM19) Can Bounce Here, Support & Resistance LevelsLooking at Cardano (ADAM19) on BitMEX, I am seeing a potential bounce that can happen here.
ADAM19's retrace has been speeding up until it finally found support and a bounce happened around the 0.786 Fib. retracement level from the last bullish wave.
This is a strong support zone and a bounce can happen here even if Cardano is to continue with its retrace after it.
We also have:
The RSI is coming out of oversold.
The MACD is showing a bullish crossover.
Trading above EMA10.
Hit like if you want to see more about Cardano and other BitMEX futures contracts charts.
Thanks a lot for reading.
This is Alan Masters.
Namaste.