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Spacepeso

WANBTC, nice 30% swing potentialHello fellow traders! Welcome to Spacepeso's third chart! Lets dive right into it. WAN made a nice 70% run in this small alt cycle. It retraced hard back to 650 area and that is where I will enter my trade. All depends on btc , a big btc move could drop WAN hard so its always risky in the crypto space.WANBTC made a new low and seems to have found bottom after a 50% drop. Measured move indicates to me that we might have a nice 20-30% upward move. Stoploss i set just below that red line. My target is just below that area where we see a lot of locked up capital. Which often acts as resistance. Bullish target is the top of the previous accumulation range.
Long
by Spacepeso
Overlooked Gem - MoneroHello fellow traders! Welcome to Spacepeso's first chart! Lets dive right into it. XMR - Monero has been one of many quiet coins in the cryptocurrency space lately. Whether Bitcoin is bullish or bearish could determine the action that Monero takes in the next couple of days. So on this chart today, we have the 200D EMA cruising just above Monero's USD pair. This could be a bullish indicator if it gets past and holds it. We have also found that there is a massive trendline pushing down the price of Monero for the last 16 months. When this trendline and 200D EMA are broken, it will call for a buying reaction from the bulls. Placing the Fibonacci Retracement from the last high of $147 and last low of $37 shows us that a move from the current price of $69 could move to a cool $100-$104 (The .65-.618). This may be a good trade in a market where a lot of other coins are heavily overbought. I have also labeled some points of resistance at $148 & $88 that may act as resistance on this possible move up. If Bitcoin does continue its sideways or upwards trend, no doubt will the bullish scenario drawn on the chart will take place. If Bitcoin does start to tumble we may see a denial of breaking the 200D EMA and long term trendline resistance, which would send the price down, and leave it to retest a break another time.
XLong
by Spacepeso
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