RedFoxTrading

RedFoxTrading Updated 

As I had mentioned in my previos idea here: you really have to buckle up and hold tight for this bumpy ride - and boy this one is bumpy. In my update from a day ago on the idea above I had mentioned my buy order around 1,79$ (demand zone and purple support level) and it got executed - so I am actually happy about this. You can see how the price touched the...

RedFoxTrading

The market is bleeding, but may be you know this quote: "Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria" - Sir John Templeton So the actual question is, where are we right now? I guess "Euphoria" is actually over and we are on our steady way down to realistic valuations. Let's talk facts: As of March 31, 2022,...

RedFoxTrading Updated 

I know this is a shaky and bumpy ride, but the real question is: Do you believe in the technology and vision? There are so many coins that have no intrinsic value, but a few actually do: PUNDIX offers real physical products for paying with crypto, VeChain can actually solve supplier-chain issues and Theta does not only help with fair bandwidth allocation, but...

RedFoxTrading

Once again it has been a while folks and I hope you are all healthy and well! The market is still moving in its wide trading range of an accumulation phase and I hope all of you have strong nerves! We have experienced several automatic rallies, that got rejected at the previously established price levels (purple for weekly and white for monthy levels). Theta...

RedFoxTrading

I hope you are all healthy and doing good! Long time, but rather quality instead of quantity :P Do you remember my trading idea from October 21st, 2021? If not, feel free to read it again (it's not that long, I promise)! It seems that my comments from October 24th / 28th weren't that exaggerated - I had mentioned that MACD was overextended, Heikin Ashi indicated...

RedFoxTrading Updated 

Solana Solana - I remember a few weeks ago, when it was at 66$ and I thought that the fundamentals look good for an investment. Unfortunately I did not go long back then and one day after it ran up too much to talk about it ;( However, now SOL is currently preparing for a run and what we can see on the chart is a double-bottom (daily). Before going long, just to...

RedFoxTrading Updated 

It has been a while, but I think quality goes over quantity :) As you can see on the chart, BTC had quite the comeback. After a period of accumulation, we saw a sign of strength and the price advancing beyond the former monthly level of resistance, which now functions as support (white thick level line @61629$ on my chart). You can expect a small pullback to...

RedFoxTrading Updated 

It has been quite a while since my last post, but lately the market was moving in a wide trading range of an accumulation phase. One can clearly see that once the sell off of the overall crypto market was exhausted (low volume), several automatic rallies followed that got rejected at the previously established price levels (purple for weekly and white for monthy...

RedFoxTrading Updated 

It has been quite a while since I have posted an idea, but when there is not much to trade or talk about, then why force it. After BTC had entered its distribution phase with losing 50% of its ATH, we *could* now find ourselves in an accumulation phase - meaning large amounts of BTC are being accumulated by institutions and whales, reducing the overall supply and...

RedFoxTrading Updated 

These past weeks we saw a lot of action regarding $HGEN - not that much pricewise, but more on a fundamental basis like the long awaited news about the date for the Emergency-Use-Authorization (EUA), identified as a key driver for demand and price action. Humanigen intends to request the EUA by June 2021. Looking at the chart, the price did not react as much to...

RedFoxTrading Updated 

If you didn't get a chance to read my idea from April 26th, 2021 - go ahead and do so. The past three weeks offered great opportunities to short BTC or just make use of some small rallies. Take a look at my chart: The orange lines display the 4hr levels. We did touch and test the levels mentioned in my previous idea and right now what could follow are small...

RedFoxTrading Updated 

The COVID-19 pandemic is holding the world, the economy and our health in a tight grip. So far Biontech/Pfizer have been successful with their vaccination, but as the virus mutates, it is unclear how effective the vaccination is. Many COVID-19 infected patients have to be hospitalized with a need for mechanical ventilation and that is where Humanigen plays a major...

RedFoxTrading

Remember my idea from April, 22nd 2021? If not - you can find it in my posts. What has happened so far? BTC broke the 4hr level and crashed thru the weekly levels of 50307$ and 49505$ (also mentioned as a possibility in my previous analysis). Now the price is approaching the monthly level at 45097$. The actual question is: what will happen then? Well obviously...

RedFoxTrading Updated 

Within four days BTC is eyeing that 4hr support level at 53202$. Usually this is not such a good sign and people will draw you all kinds of trend lines and indicators, trying to convince you that this is bullish and you should buy the "dip". I will be more realistic about it: If I was holding BTC, I would not sell at this moment. As I have mentioned in my...

RedFoxTrading Updated 

So in this post I am looking at the token price from a fundamental perspective, rather than technical. Ever since @PUNDIX has decided to transform/rebrand their token from NPSX to #PUNDIX, with a reduction of the total token amount from 258,498,693,019 to 258,526,640, it has been trading at a low - and I see that actually as a good opportunity. PUNDIX is...

RedFoxTrading

First of all, I am not an expert when it comes to pharmaceutical companies! Why did I pick Hepion Pharmaceuticals (@hepionpharma)? 1. From a business perspective, they are healthy (Quick Ration of Assets vs. Liabilities is 9 to 1) 2. They came from a super high share price and are currently on a super low level 3. They are working on a product CRV431 (recently...

RedFoxTrading Updated 

I hope you all had an amazing weekend! As anticipated, XRP was the necessary catalyst (see my published idea from April 6th, 2021). Also, if you have read my comment from April 7th, 2021 (in that idea from April 6th, 2021) we saw the retest of the monthly level at 0,468$ and weekly level at 0,488$ - if you have set your stop-loss as I did for myself (0,448$) your...

RedFoxTrading Updated 

As you can see in this post (also my previous ideas on XLM/USD), the price has finally broken out of the trading range (0,349$ to 0,476$). Now it is a matter of patience, since we have small 4hr resistance level (orange level) that has to be broken and was a nice spot for profit taking. Other catalysts, like the positive development of XRP usually drag XLM...