ONG has been weaker than the rest of alts with some interesting bull signals forming. RSI bull divergence in the making, wait for RSI to cross oversold, reversal candlestick formation, MACD bullish cross in the making. Overall a good risk to reward trade with buys at 0.79. Low risk trade. Keep in mind choppy volumes.
The market is definitely in a mid-term downtrend. Although I am a bull in the long-term , in the mid-term, I am cautious and see potential for further decline. The overall market is feeling is negative and a lot of weak hands are exiting. Short-term though, the RSI is hitting oversold, and historically , you always get a bounce. Above are 2 scenarios before the...
With all the "blood" in crypto, KNC is still holding a bullish trend and is bouncing off the 50% retracement. 4HR RSI also turning positive (need to wait for closing of candle). This and the very solid fundamentals and news make this my favourite coin: 11th of Feb Mainet Pilot Launching 28th of Feb Wallet Launch 31st of March mainnet supporting trading between...
STRAT is one of the coins that performed really well during the BTC rally. It quickly bounces back up showing a strong conviction from its buyers. It is in an ascending triangle formation, with first and second resistance on the chart. First resistance is the previous support and 50% fib line, whereas the second TP point is the 61.8% fib line. I would keep at...
XRP has been very resilient to the dips in BTC and is almost becoming independent. Price retraced to the Ichimoku baseline (red line) and bounced right off. Now price is moving above crossover line and base-line (red line) and still above the cloud. Adding to that RSI is bullish with no signs of being extreme overbought or divergence. Still a lot of room to move...
MCO just broke out of the short-term downtrend after being listed on hitbtc. With the bitcoin rise, and the alts correction, it re-tested the break and is starting a reversal. I like the RSI nearing oversold, the 0.5 Fib test and reversal and the break from the downtrend. It is a good risk to reward trade. Place stops below recent lows (highlighted on chart). Good Luck!
Should you panic with this massive alt and BTC dip upon us? No! Buy the dips. OMG retraced perfectly to the 0.618 fib level and saw a very nice bounce back up. This would be the start of a new 5 wave up. RSI still holding on uptrend support, BTC bouncing back slowly. This is a good time to buy OMG for a medium term hold (couple of months). Fundamentally, this is...
ARK has been riding the alt wave, you can spot increasing volumes, breakout of previous downtrend. Now we are in a short consolidation before the next wave up. I will take the breakout trade with partial profits at TP1 and leave the rest rolling. Don't forget to put stops (bottom of the red rectangle) Good luck!
XRP has been one of the main coins that performed exceptionally well during the recent BTC dip. Dtrong fundamentals support it with new money coming into the market, it is one of the coins of choice. 4HR Chart shows no signs of slow down with a healthy positive RSI, volumes still high with strong buying interest. We could see 1.33 to 1.38 in a short time span if...
OMINI has been in a range for the past couple of months. It is a great opportunity to buy on support (red line) and sell on resistance (green line). Simple trade. Good luck
XRP is forming a bullish triangle formation whose typical breakout is to the upside (not a 100% of course). I will long the breakout with a tight stop. Potential to go over 1 USD within a couple of days. Keep at tight-stop in case the market rolls-over.
Daily has been consolidating for a while, we can see a bottom with a strong support area. Now it broke the multi-month downtrend line, increasing volume, RSI turning positive. Very solid indicators for an explosion during this Alt season. Time-frame should be before year end. Good luck!
NXT is in a triangle formation with a completed 5 wave count. I expect it to break to the upside behind people wanting to hold more NXT for the air drop, the new money flowing into alts. The short term setup is to TP at the first level. Otherwise I would only take partial profit and let it run to my second target. Good luck
ETP is known to be NEO 2.0, doing everything NEO does with a few improvements . DYOR . The daily chart is showing a reversal candle after with an RSI crossing from oversold. Both my favourite signals . Volume is growing however, is still low, but worth having on the watch list. Good luck
Neo has been volatile since the announcement of the announcement and it left many disappointed. It formed a symmetrical triangle as drawn on the chart. In the Short-term, it is bouncing nicely off the the bottom triangle and expect a minimun bounce to the 39-41 area. Typically such a formation will result in a break to the downside, however, we can never know for...
OMG has very solid fundamentals and is about to release its biggest news in Q1 (wallet release). It is adhereing to traditional TA and has a high enough market cap not to be easily manipulated. It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on...
WAVES has a big annoucement Monday 11th followed by the presentation of new clients on Wednesday. looking healthy on the daily chart with volumes significantly picking up, RSI very bullish on daily chart. TP depends on how strong the new news is. Minimum is TP 1 I suggest scaling out.