🎓#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)
PS - Join us on Telegram @hashedplutus
Spottrade
🎓 #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%)
PS - Like our work on Tradingview
🎓#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%)
