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QLC

QLC's RingingWill you pick up? Channel - We're conforming well to a nice channel ending in a strong support that just caught a large fall. I think we'll see a breakout from this very soon. Trend Indicators - The RSI is approaching the lower band, very good sign of a breakout. The MACD isn't as useful here are it doesn't really have enough data. I'd laugh if you thought I was a financial adviser. Your money, your problems. If you liked this, I'd love a follow and a like . There you have it! This is a short one and the timeframe is just as short, so I recommend watching this intently for a little while. ~Retro
Q
by RetroCrypto
2
New coin, New Action Ok here is the coin we done the education on and it has broken out now.. We have limited history on this coin, for a conservative entry we are waiting for the 4H candle to close over the resistance line so we have a tight stop loss. Below is the daily chart showing our support and resistance line and if we close over that resistance line on the 4 hour candle we buy and set stop loss just below the green solid line. Resistance is Green Sold Line. For aggressive investors you would just enter now knowingly the red line is your support and stop loss below. Cash Is King
QLong
by Cash-is-King
15
This will Work For YouA new coin is dropped into the market what to do? how to trade? This is a strategy that I use and it works exceptionally well, new coins are a risk in the market as you can't look at history to perform a thorough technical analysis . To trade you need to find the support and resistance level of your coin first; this is found off the first daily candle to close generally but in this example we have used the first 4H candle. Your resistance is at the top of the body of the first candle and your support is at the bottom. If the next candle closes over your resistance (green line) its a buy or hold if you already owned it and your stop loss then becomes just below this green line as you don't want to take any risks keep it tight being a new chart. Once you close over the green line your green line is your first support. If your holding this coin and the second candle of chart breaks your support (red line) then its a sell. If you break low you then will be looking when to enter the trade.... we enter when the first candle closes back over the red line on the way back up as the red line has then become your resistance and when a candle closes over it this will be your support. We have seen my trades on Storm, Ncash and ONT 0.00% we have all made a fortune on these but we entered at the right time and that was using this exact method. So for future rather then say when should I buy this new coin is it going to the moon, draw this on your screen and work from it and you will succeed. For better results use the first Daily candle to close as your support and resistance rather then the 4H. The reason I have split this chart is you can also see for aggressive investors they can watch the 30 minute time frames and get a gauge of not only the price movements they can see the accumulation indicator to see if this is trending up or down to let them know if its a buy or sell. This is only an indicator though and you still wouldn't enter until we have seen a close below or above your support. You don't trade based on any timeframe shorter then 4H closing over the resistance or below the support in my opinion. BTC -4.47% is moving down, I had spare time and I know loads of people love new coins so I hope this helps you all :) Cash Is King!
QEducation
by Cash-is-King
22