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[HOW TO PROFIT AFTER ICO] Catching longterm trend and fat profitThis is no NORMAL ICO - I like to call it ADD-ICO ICO's are Initial coin offerings, which is the moment that the coin is first offered for the market. ADD-ICO's on the other hand, consist in when the market already has some of the coins but yet it is going to reach new markets for the first time, for instance when a new exchange is added. Since it's all new, there is no price expected, so the sellers will practically start a sell war, usually, it begins with very high prices but as soon as the first seller starts to lower the price a quick chain reaction happens, this huge gap is where you can profit largely. Look BCH, for instance, it remained on the $200 level for some days, which was perfect to accumulate and then it rallied all the way up to $900. So this is a similar case here, first POLONIEX is known for only accept premium coin projects, so this is already a good sign. Second, the down movement is not only deaccelerating but also it's reversing. You can see how the RSI, which shows the strength of the trend slowly moves up to the positive level, basically, RSI means the strength of the trend when it's under the black(50) line, it means negative. If it's above, it's an uptrend. Also when the movement is aggressive the chart get's volatile and more unpredictable - which is not the case. Even though the RSI went down a little bit recently, the STOCH's show how it is in an oversold position which is good because it means that a reinforcement for the bull force, and also shows how buyers are slowly moving towards a healthy bull market. If you want to play safe you wait until the RSI crosses the black(50) line and stays there most of the time, or you can start accumulating slowly at the minimum price possible and holding it for a longer time(month+) and sell it for a good profit - hardly ever those coins go down after the bounce post ADD-ICO.
by spectertrading
1
ETH/EUR - Daily - Technical analysisHello everyone, Yesterday Ethereum bounced on an important support, which means that it could go higher. The RSI is Low, and we can observe a breakout which will be confirmed at the end of the day. However, the Bollinger Bands 35 and the Moving average 25 are bearish, i'll personnaly wait for a RSI breakout confirmation to begin to get in, and wait for BB and MA to get bullish to consolidate and achieve my investment. -- Signals : - Low RSI with coming breakout - Bounce on big support -- Thank you for reading, and trade safe ! The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
by Javatar
ETH/EUR - Daily - Technical analysisWait until to know where ETH/EUR gonna go when it will hit the support. However, the RSI could give a buy signal if it breaks the resistance. -- Signals: - Low RSI, potential bullish breakout is coming. - BB 35 and MA 25 are bearishly close. - Chart is close from a support wich can tell us where ETH/EUR will go. -- Good night everyone, trade safe ! The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
by Javatar