Pento_Investment

Pento_Investment Feb 21, 2019

After a strong move from 120 to 150, ETH price consolidated the last 2 days in the range 140 -150. Trading volume looks very promising, as active traders poured in. I would say the robust momentum will continue . Recommend long position to ride the trend.

Pento_Investment Feb 13, 2019

As we see in the chart, the price structure of bottoming in January is strikingly similar to that in December 2018. After the sharp rise on February 9, ETH has gone through a healthy consolidation. The bull was able to hold price above 115 and maintain a robust volume, which bodes well for ETH in the coming days of February .

Pento_Investment Feb 13, 2019

I think the supply side for oil will be abundant, considering the fact the tepid world economy will not consume as much oil as the last decade. growth prospects of major economies looks dim except the US. Many institutes has trimmed down GDP growth rates in the last two month, citing significant headwinds for the world, like debt, trade disputes, geopolitical...

Pento_Investment Jan 25, 2019

as shown in the chart, after the topping early this month, Ltc has steadily recovered its loss, with a clear horizontal support around 29. In contrast, other popular cyrptos, like ETH, BTC , were severely battered by bears. Trading volume of LTC appeared active, which is good sign in this bear market. Should cyrptos rebound in February , It's very possible that...

Pento_Investment Jan 17, 2019

After a classic pump and dump structure completed, TRX/USD undergone a crash to 0.021, which is a key supporting level shown in the chart. In light of the drastically diminished volume, the selling pressure I believed has largely mitigated. As long as Tron hold above the supporting trendline, the big trend generally is intact and the bull may be able to push the...

Pento_Investment Jan 14, 2019

Bears dump yesterday at midnight, as often the case. Heavy volume showed that bear are determined to push price below technical support around 3560. There may be some buying power that will come in to catch this rebounce. Due to the steep drop last week, MACD probably would forge a positive divergence after price continued dropping. Overall picture is still...

Pento_Investment Jan 12, 2019

I find stunning similarity between current price action and the one 3 month ago.

Pento_Investment Jan 12, 2019

The price is forming a short term bottom, which should be foreseen as the price reached fib 0.5 retracement level at 125. but in the big picture , the down trend is very manifestly clear. I would add more short position once the price reached 130-135 zoom. note: the price tick is from Bitmex.

Pento_Investment Jan 12, 2019

Tron topped with highest trading volume yesterday. The price went parabolic, which is not sustainable in the end. It crashed along with other cryptos. Tron will continue to drop but in a less volatility.

Pento_Investment Jan 10, 2019

with respect to BTC, I'd say the price is still in the phase of consolidation, a rectangle being formed. Price action around 4000 should be closely watched. I think the bull has successfully defend the key support level and is brewing a new round of upside offensive. LTC performance is sublimely robust. That will definitely attract some outside money into...

Pento_Investment Jan 10, 2019

I know many have TRON. It's been blowing up for a month, the price almost triple. As the momentum remained very strong, I'd like to plot a short-term top with great caution, just for the analytic purpose. Prudent traders would rather wait patiently the top formation take shape, then act discreetly.

Pento_Investment Jan 9, 2019

LTC steadily climbed up , in contrast to the sluggish performance recently. The trend is awesome, volume looks promising. having reached $40 target , I'd say better quit long position and waited for price action unfold around 40. I favor long LTC/USD after correction.

Pento_Investment Jan 7, 2019

Since the December stock market crash, the sentiments on long-term economy growth in investment community soured, so much so that pundits asserted that recession would strike US economy in late 2019. The political impasse over government shutdown exacerbate the selloff. After the Fed placated the stock market and business community in Jan 4, with Jarome Powell...

Pento_Investment Jan 7, 2019

ETH zigzagged aroud 160-165, as BTC huge breakout last night failed to rouse the buying force in ETH. Aslo price of ETH indicated weakness in momentum, compared with the blowup trend in LTC. That said, I favor the bull won't be able to push above 165 and make new highs. It's more possible that some form of correction is about to take shape. I adjust my projection...

Pento_Investment Jan 7, 2019

BTC staged a classic triangle break a 1/3 end of triangle break out on Sunday with high volume. consolidation is expected as the price reached critical heavy volume area around 4000, on which the bear pushed down the price in December. LTC catched limelight of trading community after rising 10% on weekend. On the whole, cyptocurrency is showing signs of...

Pento_Investment Jan 5, 2019

I prefer going up.

Pento_Investment Jan 5, 2019

lol, after touching 160-165 level for several times, finally the bull got balls to push through the key resistance level. Now that eth score new high since December rally with good volume, I estimated the trend will continue up to new version released.

Pento_Investment Jan 4, 2019

hello, guys. BTC price at coinbase sits 3800 level for about 12 hours. Volume in my chart shows the level is also the most traded ranged since December rally. Price still moves in the range of pitchfork, with lower trendline acting as good support. I know you're frustrated by the seemly endless impasse between Bull and Bear. Considering the sever drop in equity...