🎓#SpotTrade 🎓 $GNT / BTC 🎓🔸Signal Info: Golem
Rank: #96
Exchange: Binance
Direction: LONG
🔸Analysis: We attempted trade Golem not to long ago. Some serious volatility shook us out of the position, but now, we have a chance to re-enter with the odds stacked in our favour.
Curved resistance lines are in play and only seldom have wicks shot above this level. Overall, this looks like a culmination point and a decisive decision needs to be made by the big players now. Lets trade long!
🔸Current Price: 542sats
❇️Entry: 534sats
🎯Take Profit: 595sats, 673sats, 735sats
♦️Stop Limit: 493sats (-7.54%)
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🎓#SpotTrade 🎓 $CELR / BTC 🎓🔸Signal Info: Celer Networks
Rank: #375
Exchange: Binance
Direction: LONG
🔸Analysis: Celer Network has just recently shown an inclination to breakout to the upside. The higher high made on the 26th April is one good indication. The solid horizontal support at 21sats held strong for the month of April.
We are going to try and buy the mid and lower zone of this channel before the price continues its bullish trend.
🔸Current Price: 25sats
❇️Entry: 23sats, 21sats
🎯Take Profit: 28sats, 32sats, Open
♦️Stop Limit: 19sats (-12.69%)
🎓#SpotTrade 🎓 $WRX / BTC 🎓🔸Signal Info: WazirX
Rank: #161
Exchange: Binance
Direction: LONG
🔸Analysis: The very volatile WRX token Has just broken out of this clean symmetrical wedge pattern. The retest on the up trending line is taking place as we speak, and with any luck we can get our entry filled on at a good price.
The stop on this trade is set rather tight, while initial profit triggers are set to form a flat top wedge which could be the next formation we trade within before another breakout will be required.
🔸Current Price: 1 982sats
❇️Entry: 1 938sats
🎯Take Profit: 2145sats, 2630sats, Open
♦️Stop Limit: 1 845sats (-4.78%)
🎓#SpotTrade 🎓 $OGN / BTC 🎓🔸Signal Info: Origin Protocol
Rank: #335
Exchange: Binance
Direction: LONG
🔸Analysis: The very volatile OGN token is sitting right above an irresistible buy entry zone. The setup has been laddered down to the horizontal support, and the stop sits just inside the 10% loss threshold. The PXI indicator has a crossover inbound.
🔸Current Price: 3 140sats
❇️Entry: 3 165sats, 2 975sats
🎯Take Profit: 3 770sats, 4 560sats, Open
♦️Stop Limit: 2 795sats (-9.15%)
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🎓#SpotTrade 🎓 $SOL / BTC 🎓🔸Signal Info: Solana
Rank: #2030 - Cap not calculated
Exchange: Binance
Direction: LONG
🔸Analysis: Sol has only recently listen on Binance, and it is receiving quite the wave of volume that is commonly seen when a new project hits the scene. The asset us up with substantial gains for traders who were holding the coin before it arrived, but with this volatility and price discovery going on, there is a good chance that we can make some quick profit on this trade.
Initial targets are priced within the nearest two Fib bands. The final target skips one level to round off at about +50%. We are looking at the chart at the right time, we anticipate a swing and will load some orders while that takes place.
🔸Current Price: 9 950sats
❇️Entry: 9 700sats, 9 360sats
🎯Take Profit: 11 095sats, 12 360sats, 14 395sats
♦️Stop Limit: 8 815sats (-7.42%)
PS - Join us on telegram t.me/hashedplutus/
🎓#SpotTrade 🎓 $BLZ / BTC 🎓🔸 Signal Info: Bluezelle
Rank: #505
Exchange: Binance
Direction: LONG
🔸Analysis: This trade on Bluezelle is becoming active, and time is of the essence here. The relative volume on the asset is above average, and the price has tried to breakout from this formation with concerted effort twice within the last 24hours.
Average volume has seen a massive increase over the past 15days, with massive profits taken by some traders. First +60%, then +40% on the second wave. Let us see what we can achieve on the final apex breakout.
🔸Current Price: 220sats
❇️Entry: 217sats, 209sats
🎯Take Profit: 242sats, 267sats, 332sats
♦️Stop Limit: 198sats (±7% loss)
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🎓#SpotTrade 🎓 AST / BTC 🎓 🔸Signal Info: AirSwap
Rank: #639
Exchange: Binance
Direction: LONG
🔸Analysis: AirSwap token looks to be extremely undervalued right now, coming in at rank 639 by market cap. It has however been seeing increased interest by traders over the last 90 days with the volume spikes as proof of this.
There is a trending line with has been tapped for profits on numerous occasions over this period, and we shall trade the breakout of the local bullish rising wedge pattern for a crossing on this line for a start.
Higher highs, and higher lows bring much confidence in this setup, along with the volume to inspire an entry at such a low price. Stop is set rather tight to re-asset an entry, should the formation break down south.
🔸Current Price: 196sats
❇️Market Entry: 195sats
🎯Take Profit: 223sats, 291sats, 336sats
♦️Stop Limit: 184sats (-5.64%)
PS - Join our premium grade telegram channel @hashedplutus
🎓#SpotTrade 🎓 $ENG / BTC 🎓 🔸Signal Info: Enigma
Rank: #199
Exchange: Binance
Direction: LONG
🔸Analysis: Enigma is been trending down for a long time now, It made a stunning high back in December 2019, and it has remained trapped in this trending channel ever since. I have also drawn out Fib levels off that high candle close and the low candle close price Mid march. These levels appear to be in harmony and we can proceed with an assessment of a breakout strategy on this asset.
There is a massive volatility spike on ENG less than 1 week ago, creating a staggering low, which recovered immediately, to return to the inner band of the channel. This was caused when the price attempted to break out of the lower band the first time around, so it bring be confidence to see it returned and continued trading in the inner band.
We have a bit of an unusual chart pattern here, and inverted symmetrical triangle. I'd say we can trade a breakout here, with a tight first target to mitigate the risk all together. Addition targets are set along the intersecting bands where we expect resistance.
🔸Current Price: 1752sats
❇️Breakout Entry: 1805sats
🎯Take Profit: 2020sats, 2345sats, 3225sats
♦️Stop Limit: 1640sats (-9.14%)
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🎓#SpotTrade 🎓 $AGI / BTC 🎓🔸 Signal Info: Singularity.NET
Rank: #334
Exchange: Binance
Direction: LONG
🔸Analysis: We are reaching a culmination point on Bitcoin, we expect some volatility over the next few days. I have scouted out a coin that has been heavily oversold, beaten down and now lies on top of a well tested support zone. The falling pitchfork channel will hold the basis on this analysis.
We are exploring the lower band of the channel as we speak. This means the lower range of the channel might get tapped, although that could mean a broken horizontal support. I propose two entries here, one to respect the sturdy horizontal and one that taps the underside of our channel.
I have selected my trusty DMI indicator today. It never fails to paint a clear picture of the accumulation cycles on a currency. This appears to have started around the mayhem in early March, and I am rather pleased with the way it has responded to the events. Strong rebound of the horizontal and a return to the channel. It stropped short of the second band, which also speaks to a continued accumulation cycle, and not a profit or distribution wave.
We are trading the falling wedge breakout within this channel. Targets are set at the intersections marked out at the 0.5 level and 1.0 levels.
🔸Current Price: 189sats
❇️Entry: Up to 189sats, 177sats
🎯Take Profit: 225sats, 277sats, Open
♦️Stop Limit: 164sats (-7.15% for lower entry only)
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🎓 #SpotTrade 🎓 $BTS / USDT 🎓🔸Signal Info: Bitshares
Rank: #76
Exchange: Binance
Direction: LONG
🔸Analysis: Bitshares was mentioned on Sunday. I like this asset for the way it has been responding to the crash. I suspect this might be because of all the stable assets on the platform. Either way, things look great after charting it out tonight.
First off, pitchfork channel doesn't disappoint. Stunning reaction from the underside of the channel for deep bounce on the asset. Price reacted with a +60% bounce exiting the channel completely to the upside. Things then came back to settle in the upper band, and went on to start testing the support resistance in this zone.
Our PXI signals a buy on this 4h time frame, which conveniently aligns with a breakout from this channel. A micro rising wedge triangle has also been spotted and plotted out. That's double apex on the breakout, and a setup I would happily trade myself.
Going for a bit of a ladder entry on this one, to try and push the stop as far as possible into the lower band of the pitchfork channel.
🔸Current Price: $0.01450
❇️Entry: $0.01405, $0.01285
🎯Take Profit: $0.01795, $0.02360
🔸Stop Limit: $0.1190 (-11.5%)
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🎓#SpotTrade 🎓 $NANO / USDT 🎓🔸 Signal Info: Nano
Rank: #61
Exchange: Binance
Direction: LONG
🔸Analysis: Nano has been pretty heavily hammered on both the USD and Bitcoin base pairs. The fib levels set here are off extreme high and low wicks and they appear to be legit based off previous price action. We are looking at the 12h time frame here, and our PXI indicator signals a buy.
Risk on the trade is above average considering the conditions in the market. Profit levels are also above average, so just considering the volatility we are dealing with before opening a position.
Higher level targets might be out of reach for a week, but if we can keep this position open long enough, this could also be a brilliant long term entry.
🔸Current Price: $0.3680
❇️Entry: $0.3430
🎯Take Profit: $0.4730, $0.6050, $0.7960
🔸Stop Limit: $0.2975 (-13%)
