abasinkanga

abasinkanga Updated 

SXP/BTC is at an interesting point in this trading price action. It is at the tip of the triangular shape formed by the dynamic support and resistance trendlines that have been traced on the chart There are only two ways price can go henceforward... its just a matter of time. It either goes up or goes down to eventually go up again... In the eventuality it most...

abasinkanga Updated 

Using Fib extension to determine the next area of resistance for this uptrend... The 1W timeframe gives a pretty clear idea where we are headed... Current price 0.00000046 Next major resistance point at 1.618 (0.00000060) Other bullish indicators used to confirm this trend: MACD: Currently showing bullish and rising... ADX: currently above 20, and rising......

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LRC did pretty well... breaking out of a falling wedge, price followed the arrow to the detail. Cool 33% profits in the bag. Looking for another good re-entry position

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WAN broke out of the bearish triangle upward, but retraced to turn the dynamic resistance trendline into a dynamic support trendline. Now all that's left is for an upward bull run, the length of the triangle base.... Depending on trend momentum, the bull run may complete in days or weeks, or maybe months... Entry is 0.00002890btc Exit is 0.00005915 btc stop...

abasinkanga

NAV/BTC is at an interesting point Price seems to have found support at the 100 ema (gray) line and has started retracing back up. Bullish signals (1D timeframe): - Moving averages: if 10ema (purple line) doesnt crossover the 50 ema (gold) line but retraces back up, then its a bullish ride - RSI: index is at 46 but is on the rise up, which shows increasing...

abasinkanga

MBL/BTC in a downtrend... If support holds at 0.00000012 and 0.00000010 (good time to buy or enter the trade) We can expect to take profits on the rebound at 0.00000020 1st target (within the falling wedge) 2nd target (using fib extension) 0.00000050 and any point in-between. If entry at 0.00000010, then place stop loss 0.00000008 If you like my idea push the...

abasinkanga

This is just a trading idea... its not trading advice. From my observation of the 1D timeframe, and the rising wedge that BAT/BTC is forming while still in a downtrend... It seems to me BAT is heading for a continuation pattern. Which means it is headed further down... to around 0.00001800? Well its too soon to tell.... lets watch and see if BAT bounces off the...

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On 4h and 1h timeframe CDT/BTC doesnt show much promise... but when you look at the 1D timeframe..... something interesting is happening. CDT is breaking out of the 200MA line which may be a sign of a Bullish trend.... So out goes my Fib extension tool to determine where price will hit in this uptrend.... Entry at 0.00000070 Target 1: 0.00000077 btc Target 2:...

abasinkanga

AGI/BTC is in an uptrend alright... Its trading above the EMA200. I decided to use an elliot wave to track the price trajectory... not bad. I can estimate price to move towards the 0.00000250 region before retracing back to 0.000000234 region then climbing higher again to completing the 5th wave cycle at 0.00000270 Its my first try at plotting an elliot wave......

abasinkanga

ONE/BTC doing very well. It has bounced off the EMA50 line and is about crosing the EMA200. This already shows confirmation of a bullish uptrend. Using fib extension to map out take profit targets... two TPs are easily confirmed First take profit target at 0.00000056 2nd take profit target at 0.00000060 Entry at 0.00000052 (another late entry, but eh! We can...

abasinkanga

NULS/BTC is showing some nice uptrending moves. Its holding up very well on the EMA20. It is Trading above a very bullish EMA20 line, and Trading above the EMA200 line. This confirms the coin is in an uptrend. Using Fib extension to track how much profits can be squeezed out... Entry at 0.00002463 (late entry, but will buy if it dips to a support level) Take...

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BLZ is on a short bullish run, inside this rising wedge i have traced. Many green candles with long bodies steadily pushing the price up, even though there are a few pullbacks here and there, it isnt enough to stop the bull run If the bull run plays out to the end of this rising wedge, then BLZ should be for a major drop. So lets watch the zigzag pattern and see...

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ALGO/BTC price is entering into the tail end of a wedge. It is still too early to tell what direction the price will go. Looking at the RSI, it is in the 50% zone which shows its neither overbought nor oversold. There are 2 possible scenarios: 1. The price will either bounce off the support trendline at fibonnaci retracement of .786 and break out of the wedge...

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Interesting trading pair BAND/BTC. It is currently respecting the channel it has found itself in. It hit resistance line of the channel, and bounced back. Using fibonacci retracement to predict where it will fall to, the 0.618 line seems to have a done a good job of catching its fall... Now the price action is going up again, hopefully to hit the support line...

abasinkanga

The triangle wedge colored in blue formed by the Major support and resistance trendlines has got bitcoin stuck in a wedge, it seems indecisive on which direction to go... Right now bitcoin is bouncing back from hitting the dynamic support line or support trendline with a strong momentum, but failed to break through any lower. I drew a smaller trendline colored...