WaineNZeddmo

WaineNZeddmo Updated 

This is a new coin, probably pumping because of exchanges adoption. Levels are based on Fibonacci Extension, and trading can be risky. Last rally is paired with BTCUSD rather than the OMG market itself.

WaineNZeddmo Updated 

Trading BTCUSD can still be a challenge, just one day after Segwit. However, volatility measured by ATR on a 22H basis, is under 50 right now, price shows resistance in the 2580-2660 zone before, during and after Segwit. DMI is in Trend, and Stochastic, back-tested the last 30 days, although slightly over-trained is crossing on the downside as a signal of...

WaineNZeddmo

Monero broke channel, but still has not broken the triangle. There is a resistance zone on the 46-47 level. If resistance is broken, an entry could leave to 52 and later 59 level.

WaineNZeddmo Updated 

In the last post, a symmetric triangle was identified, after resistance break an immediate target was achieved, at next major resistance. However, this resistance zone was not pose any resistance at all, so we could see a price rally to higher levels, and DMI confirms it. RSI and Stochastic (not shown) look overbought. Market is currently struggling at the 0.786...

WaineNZeddmo

BTCUSD pair is currently close to resistance levels, however, ZECBTC has shown weakness since its peak, and broke the Bearish triangle on the downside. Moreover, came back to test support and failed. Therefore we have an exit signal. There is a Risk/Reward of 1.17 on this exit, if levels are defined over resistance and under support zones. Also, BTCUSD pair...

WaineNZeddmo Updated 

The massive size of this descending triangle leads to a very tempting trade with a Risk/Reward ratio of 6. Placing long positions once next resistance zone breaks. However, beyond Technical Analysis, the rally leading to the $412 high was funded on several successful ICOs taking place in short time, and a Bullish Market. An order over $260 is safe anyways,...

WaineNZeddmo

Monero has tested several times resistance on the $47 region. for long-term positions. A close above resistance, will lead to an immediate target of $52 However, price has been in range between major support and resistance zones for over a month. Moreover, there seems to be a timecycle we might take advantage for some trades. Bands in red and green are very...

WaineNZeddmo

ETHUSD broke the descending triangle from the 4H perspective, but still on the daily chart is not so convincing. However, a rising channel can help define short-term entries. The channel already tested a High at $232 from the resistance zone and reversed. The next reversal could occur from a short term resistance level or from the rising channel. RSI...

WaineNZeddmo

AUGUR is trying to recover from a rally far beyond this crypto value. Major support and resistance levels are shown in Blue and Grey. ADX is barely starting to show, with signs of Trend, but falling. RSI and Stochastic near oversold, but showing good values for Long entries since we are still on an uptrend on a weekly basis. We are on the middle of the week,...

WaineNZeddmo Updated 

STEEM is on a clear downtrend, however, support has been tested several times over 0.00036. This triangle can also be seen as a Downtrend triangle, however, BTCUSD plunges have not affected severely the STEEMBTC pair. This might become an option if BTC price hits new lows over the next couple of days.

WaineNZeddmo Updated 

Downtrend seems very strong in the XRPUSD pair. After brief attempts to reverse a couple of days, bulls keep dominating the market. However, price is sitting on support right now. If you are holding XRP mid-term, a break of support should lead to a short position until trend reverses. If you are looking forward to go long, a reversal and break trough the next...

WaineNZeddmo Updated 

Since its launch, IOTA started a bearish trend, however, after finding support at 0.1427 USD trend changed from downtrend to range conditions. There are mixed signals. In the 3H chart there is a bearish divergence, however, on the daily chart, PVT shows a bullish divergence. With the highest volume since launch. This could mean that if bulls dominate, price...

WaineNZeddmo Updated 

DGBBTC from the daily chart passed from downtrend to range market, but still not in a bullish zone. Support has not been tested enough yet. In the 4 chart, however, a symmetrical triangle has been formed with a possibility of short term profit after triangle break. Look for bullish indicators before placing your order, and confirm with at least to bullish...

WaineNZeddmo Updated 

After a brief rally in ETHUSD today, price is close to range conditions in the 5M and 15M charts. The price area around 206 proved to be a resistance zone, leading to a current battle between bulls and bears. If you took a long position during this rally, it could be advisable to Take Profits in the middle of the Keltner Channel. However, if you hold ETH from a...

WaineNZeddmo

TA over March bullish trend poses great challenges for the LTCBTC pair. To take advantage of possible rally continuation, trends before February will be omited in this post. There is an uptrend channel formed in the weekly chart for the last 19 bars, and a downtrend in the last 5 bars withstrong support in the $37-$40 region. This is the last week of the...

WaineNZeddmo Updated 

Despite LTCUSD is currently showing a H&S pattern, LTC has lately proven to be a safe heaven when BTCUSD pair is heading south. Under current BTC expectations, a divergence observed in the 2H chart suggest a change in the pattern. This could lead us to range market conditions or bullish divergence. Also, on the 1H chart, price is over MA20, MA50, MA100 and MA20...

WaineNZeddmo Updated 

There is a downtrend in the 30M chart, but with a divergence visible on the RSI, which could lead to range market conditions between 2620 and 2720 or a bullish rally, over 2720. Stop-buy may be placed as shown in the graph towards 2820. Also, confirmed excursion from the Keltner Channels, and Ichimoku Cloud would confirm the trade. WNZ Free updates and analysis...

WaineNZeddmo

Dash is behaving within the boundaries of a rising triangle, but with great volatility. I would not consider this asset for swing trading, but for day trading instead. If trends continue, Dash may be considered for day trading 2nd week of August. By that time, it should be on a general uptrend, possibly improving the chances of profit during...