ETH USD on the day chart with double bottom W patternLooking at the day a simple Double Bottom W pattern The divergence is present, EMA12 and 26 has crossed the EMA200 again so a few bullish signals in overal. But we're not there yet! Bulls need to complete the pattern and break the $2340, then a price towards $2860 can just be put back on the radar.
i've just posted an falling wedge on the 12H as well.. so both have quite the same target point. in this chart the support and resistance lines are better on the chart.
Please note... for example, if we fall through after a breakout on the W pattern when testing the support, that could mean that we could see a relapse again towards $2000 or lower. This also applies to the pattern on the 12H, if we fail when re-testing you can take that as a sign of weakness. Sometimes they want to grab extra liquidity during such a re-test, stop losses that are just below the support line, in short, always pay attention to such scenes.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Kraken
Moons Breakout - It’s here !As you can see, we are in a downtrend for few weeks now, most likely accumulation phase.
We are starting to breakout out of this downtrend, remember that there’s low liquidity and the price can literally skyrocket.
Current Market Cap is about 3 Million $ which is super undervalued for 3.1 Million members community(And growing!), each member that join Reddit CryptoCurrency will get exposure to Moons. It’s matter of time before we sit at 600 Million - 2 Billion $ Market Cap which is 10-40$ for 1 Moon !!
Accumulate before Mainnet, only the smart investors will see this test net and lack of updates as an opportunity, if everyone knew that at X date the Mainnet will launch, all of the users will accumulate. Mainnet will come by surprise.
Kraken and Bittrex showed interest in listing Moons, Reddit built an Ethereum wallet in their App so users can store Moons.
No one is talking about Moons
It’s not enough for you to see what’s going on?
It’s a sleeping giant.
#ANKR down to .05 cent area.I know people don't like downtrends, but I see this as a great opportunity to gain money back if you didn't HODL and sold with the last #ANKR spike. When BTC inevitably dips (in my opinion to about 9k) #ANKR will see a similar dip percentage wise. That would take us to about .05 or between a 70% and 80% drop from ATH. Rather than be upset about it or throw a fit, I reckon it's a great area to load up on some coins. Inevitably #ANKR and #BTC will reverse and loading up at great prices will bring a healthy return. #ANKR being the ONLY coin with Cross Chain technology means that it has HUGE upside potential. Additionally, #ANKR being listed on CoinBase (I don't like them either) is major because every coin listen when them has eventually hit 1$ in value or more (albeit temporarily for some). Lastly, #ANKR was just officially listed on Kraken (Again, I don't like them either), which is a huge new market of buyers without access to other Exchanges, which will inevitably drive the price up. So don't Fret.
Correction is inevitableIn the lights of transaction capacity max´d out once again, only rather vague solutions somewhere on a far distant horizon, and transaction fees skyrocketing as a consequence, Ethereum is massively overvalued - or better put overhyped - to say the very least.
Hence, there is a very real chance that we gonna see a proper correction up to 70% from its top within the coming 6 weeks.
Also a perfect opp to hedge the other long positions.
Enjoy & All the Best!
The most undervalued cryptocurrency around Don´t listen to the FUD around cryptocurrencies built on privacy models getting banned and all that...
Even if that may very well be one of the reasons that is keeping the prices rather low, it won´t be able to do so for much longer.
DASH is without the slightest doubt, the most undervalued cryptocurrency at the time of writing this.
There is huge potential and targets for this month reach up to 936 EUR (dedseriouz)
Enjoy & All the Best!