OMG is bouncing around a long term support zone; this area was last fall's high of 12.6; as well as recent low in late December and resistance and consolidation zone in February. Holding here with consolidation and a return to the upside would have short term gains with initial resistance at 16. A break of the downtrend from January highs and recent peak in...
For all the Webbot guys on Telegram; OMG original moving ran from 1.50 to 9.54 and consolidated over past 13 days. The last 3 moves were 145%, 97% and 31% for a total gain of 510%. Breaking the 9.54 high triggers the potential of the next 3 legs or tooth; with a tight stop at 9; the first price target is 18 to 20, then consolidate, then 45 consolidate and then...
ETC is working it's way into the point of triangle or (at the monthly view) Penant. It needs to break to the upside within the next couple of days; before the slow volume and lack of volatility sends it back down to test prior support at $7.50. The anticipated break to the upside could result in a 48% gain back to the top of the trading channel. With some...
First wave roughly 175% Late April to Early May; 2nd wave 185% mid May; past 2 months a 35-40% trading range. So next wave, price estimate would be 150+% so 55. So play the range 16-22 and when it gets back to 22; I will sell 1/3 into strength and maybe another 1/3 if consolidation only lasts a few days. It breaks thru 24 I will buyback for the 55 price...
Stratis is coming to the end of a large pennant. The closer it gets to the point; the higher probability it breaks down. I am looking for a break of the hypotenuse on the 19th or 20th. This could lead to a 150% return to reach the old highs. So a 3:1 Risk vs. Reward from here. The old highs would traditionally be resistance and see profit taking along with...
A strong close above 47.85 and we should run to....65.96. Which is 38% higher; or the equivalent of the past 2 support/resistance ranges. Short term support is 40. With potential Bitcoin resolution euphoria, LTC could take it even higher as it's last monster move was a double. The rising tide of crypto mania will raise all boats...for a little while longer so...
Getting to the end of another triangle. A 33% move to get off the base and back to the resistance hypotenuse. Best case scenario is a break up to test old highs, 126% higher; and worst case a break down to secondary support. So initially there is a 2:1 risk reward; but a break out takes it to 7:1. Not advice; just what I am seeing and doing.