The majority of alts is still dropping, meanwhile ZRX has formed a nice double bottom on H1 and here's my outlook for a quick scalp trade.
To me it looks like the cycle is almost done and price has almost fully retraced back into the demand zone. If this price level holds we'll see another leg to the upside.
Stellar is setting up a new bull run and my take is we'll see prices above $1. Right now the 3rd wave of an intermedia wave count is on and the area around $0.30-$0.38 is a perfect zone where price should try to get to.
Classic triple top in play here. I have a short position all the way down to the 38.2% FIB.
Here's what I see for this pair. That's a nice potential 50 pips move to the downside from here as it formed a triple top.
Here's what I see, the two potential take profit areas are outlined on the chart.
Looks like the upside momentum is gone and we should see a drop now. Also MACD hist. is pointing downwards, which gives us a hint at future price movement.
I'm a little bit disappointed by the recent weak pump, had expected better and it only managed to reach $2.88. I expect price to react at the demand zone outlined on the chart ($1.60 - $1.68), from there we should see a move up to around $3.10-$3.30 or even higher to around $4.
ES is trading in a sideways chop zone, if we get a leg to the down side right beneath the zone then I expect price to move further down to the first resistance at the 38.2% FIB. Also MACD histogram is bearish.
Waiting for price to break out of the bull flag and to rip higher and form a double top. That's over 200 pips from here.
No long position here. I'm currently patiently waiting for PolkaDot to drop to around $5 , maybe even slightly lower. As you can see it's trading inside a downward channel, has pierced both the 14 and 50 EMA and even MACD is showing a downward slope. The 61.8 - 67% Fib area is a well respected reversal zone for most instruments and that's exactly where our $5...
NKN looks like a straight forward trade. It's starting to leave the base (accumulation area). The targets are marked on the chart.
Avax had a massive run , but now it's time to go short. My two potential entries are the blue boxes at the 50% and 61.8% fib.
Rad is one of the few coins remaining which didn't pop and the way it looks it's ready to rip to around $4-$6. The green horizontal line represents a volume imbalance and my take is, that during the comming pump Rad is about to fill that gap.
EURPLN is finally waking up and moving out of the base. Pink lines are potential take profit targest. As you can see all major MAs are coiled as well and ready to flare.
ENJIN bottomed out at around $0.21 right at the 61.8% fib and is primed for another leg up.We have a very clear structure here and our first TP is at around $0.71, should go higher in the long run, though.
It doesn't get more bullish than this. RAD is about to explode ! Right now it has crossed both the 100 and 200 daily MA , which is a very bullish sign. The pink horizontal lines are conservative price targets. That's a low risk trade here.
Keep shorting unitl 137, a pretty straight forward trade here.