WRX is at .5 fib support and also on the support of trend line. Triangle is almost squeezed out, it should pump, not like before but yeah to some extent. Market is volatile, its weekend to caution is advised...!!!
OGN is consolidating well and its about to reach the end of downtrend channel. It is at fib 0.5 support but broke 200EMA support. Any BTC movement can make this fall more towards fib .618 levels, so if you are entering be careful to have your stops tight. I will rather wait before entering since BTC is also consolidating which is not a good sign since it can...
OGN did 4x in matter of days and now it is retracing, I am expecting to reach .5 fib levels which will be coinciding with 200EMA and it will be a good entry point. Catalyst for growth are: 1. low cap - 7.3 million 2. No token release till June 3. App is live on google play Quality projects are pumping and i believe OGN will pump soon.
BTC Daily analysis: BTC is out of red cloud and is facing trendline resistance at current price. It happens to be at upper band of bollinger band. It might take support at 8800 which is the trendline support, EMA 20 support as well as possible RSI support. Actually all this barely matters if we consider upside trend, excitement about BTC halving, good volume...
REN is now on cusp of a breakout. Whether it will happen or not, that time will tell but I am entering with 3% stop loss for any BTC run. To me, it seems a good bet.
Fantom is going down with no sign of recovery. Once a very hyper project now, focus is shifted from it to others. Fundamentally they have rolled out many development updates recently like - Opera Mainnet is live - Staking rewards - Mobile app (iOs and Android) - Desktop and web wallet Latest update from the team can be found here - medium.com Despite many...
REN is sitting at very nice position with historical support and it seems it is breaking out(to be confirmed), but my bias is on yes it it or it should. Entering with 3% stop loss in case BTC drops more from here
MATIC is a beast, it cannot be tammed for long, its breaking out and might follow the path of large cap tokens.
XTZ just took support of fib .618 and 200 EMA and i guess it might be the time to look at it. With all major coins have made a good move, its time for XTZ to show its move.
WTC is ATL now, how lower can it go? VeChain is doing great lately, but WTC is just going down. Let see if this is the bottom and WTC can save itself from the sinkhole... Taking a position here with stoploss at 5%
Ren attempted to break out but was rejected by downtrend line. REN is in coma for so long, all the hype surrounding dark nodes are not able to revive it, lets hope it bounces in commong days, bettings on it.
BTC price action is so predictable these days. I'm following this chart for past 3 months and BTC is quite range bound within these zones. BTC bouncing right from the lower channel boundary and the trendline. Jan/Feb should be explosive. Save your sat values till that time. don't play market unnecessarily unless you are quite confident about your trades.
In a market where alts are pumping like 100% in a day, why not pick something which looks ripe for a pump...!! EGT is squeezed like hell, bounced from 22 sats. Setup is too good. with some volume, it can pump like hell..!!
Chilliz reacted to the other dumps this morning on Binance though not that much. I will be looking to enter at fib ..618 levels which is around 110 sats, with a stop loss of 5% to avoid any further dump.
Wabi retraced to .61 FIB levels from the highs and now sitting at the support of 200EMA and .61 FIB level. Volume is not encouraging but entry here can be very rewarding. Put a stop loss of 3-5% depending on your risk and play with it....!!!
REN is sitting at trendline support while most of the alts have bounced pretty nicely. REN hasn't done anything yet. And when it pumps, it pumps like hell. Just be ready to catch the pump...!!!!
DOCK is consolidating nicely. Bullish divergence on RSI on 4HTF, market is gaining strength There is huge cloud resistance on 4HTF, big volume can do the trick. Lets see if it break out.
CHZ after touching 200+ sats fell to sub 150 levels and now it's bouncing off the .61 Fib level. Volume is also good, 1000+ BTC. Seems like its good time to enter. BTC is just chilling with $100 up and down, time for alts to run...