Solution
RDN/USDT Update: Raiden Network startet its move >150%Raiden Network as off chain scaling solution started its move to the heavens.
We are currently 150% from our entry point but there is still a long way to go.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
An "optimistic" approachUpon the announcement of Project Optimism, the 2 layer scaling solution to Ethereum, it's time to start picking up ether (if you havent already started). This is a great time to trade against crypto pairs, as the projected benefits from the L2 solution will greatly increase ETH's valuation relatively against crypto pairs.
On a slightly related note, I will be lightly reducing my bnbeth position to allow for some fall back in the event that other smart contract pairs do not follow the same move HOWEVER given BNB's fantastic stability at it's currently levels, I am fairly confident .13 is the floor for that pair.
Initial targets: 0.036 (current month candle close if bullish)
also dont stress about falling below 0.03 IF that happens. clear shakeout to scare retail out of a dank trade.
cheers
Aker Solution potential breakout of down trend. OSL:AKSO
On 1-hour time frame, we can see a breakout of the downtrend pattern. Also, we can see not so nice of invers head and shoulder pattern. To continue of the uptrend we need to wait to break resistance at 15,5 NOK, With the coming quarterly report (15 February) and potential dividends pay we might see AKSO going above 20 NOK in the short term time.
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Trend looks good has broken above resistence.
Which door do you open? Support or Resistance Technical side
The price touched the resistance area identified by the EMA144 daily at 57.80 and was then rejected up to 54.80 dollars per barrel, where the dynamic support identified by the EMA20 daily is located. If this support zone is not violated during the day, it is probable that the price will move again to 58/60 $. If instead this support should yield to the downside, we will see the price back again near the Ichimoku cloud support on tf daily, at the price of 51 dollars per barrel.
The storage and the target
It will be important to understand the weekly level of oil stocks that will be published at 22.30. So far, both technically and fundamentally, the most probable hypothesis is a rebound on the EMA20 daily and then try to reach the psychological resistance area at 60 $.