Despite the selling pressure we are seeing in BTC and subsequently, some alts, I think this may be a good time for POA investors to add on their long positions. To keep it simple, it is close to the bottom, the TD sequential is indicating an 8 out of 9. I think tomorrow will be a good day to buy POA at a bottom range of .00004 - .000041 .
This is for...
OMG is forming an ascending triangle on the 1H. It has been signficant resistance in the .001475-.00148 range. There is a triple top but it looks like it wants to break out. The last 3 candles also formed a bull flag -ish.
If looking to trade the break out, one can look to enter around 0,001475. I, however, am more impatient and will put half a position now and...
Looking at the 1H we can see a bull flag forming on BTC. Couple things alarm me, volume on the break out is not substantial. Also, there have been many fake outs in both directions in the market these days. So that means, price would break key level of resistance or support, but no follow through and then a quick reverse.
Nonetheless, I am taking at stab at this...
Looking at the 4H chart, Nano is at a critical support level of .0006. It has bounced back from it so far but can it hold with all this selling pressure?
I am entering around .00061 with a SL of .00058 based off the TI Indicator and the doji on the 4H.
On the Daily Chart, Wanchain has shown a buy signal after 9 consecutive candles going lower than its previous 4. However, we must note that this signal also showed up on 5/13. It resulted in a hammer candle stick but eventually ended up rolling over and losing another 25%.
However, I find this situation a little more optimistic in a rebound. Not only are we...
In the 4 hour chart, we see 3 consecutive doji (or spinning top) candlesticks, indicating indecision in the market. I've outlined the potential bull flag in red and then levels to be watching are: 5555 sats resistance and 5333 support.
Feeling frisky and wanting to make a move, I may enter a partial position now, and then if SYS breaks out, I will jump in with...
Looking at the 1D chart, we see that SYS is in a healthy consolidation phase. We see the MACD close to a bull cross, the 4H is forming a clear bull flag.
We are currently range bound between 5067 sats and 6100 sats. We see the 12 ema (teal) cross the 26 ema (orange). We also see the orange ema being tested as support. This could be a good spot to put a stop loss.
Since I don't see any indication of a reversal (doji or hammer), I will wait a few more days on this. We have time anyway since the week just started. I am looking for a low to be set, and then a lower high and higher low.
It would be nice to also see a doji/hammer forming at the bottom of the trend. If GVT breaks my support of .0019628, then I might wait a few...
Looking at the weekly chart, we have a Buy Signal off the TI Indicator. We have reached the 9th consecutive down week. I am looking for a rebound here while setting a tight stop loss of .0019628. I am looking for a 1-4 week correction back up for a short term flip.
Will post a daily chart to show an entry point.
Looking at the 4H chart, we see constant rejection at the 200 MA (pink). I believe we will need to set a higher low before we can make a breakout run. Therefore, I will continue to monitor Steem throughout the day. If it can hold 37000 as support, or anywhere close to there, establishing a clear higher low. I will ADD onto my position.
THIS IS NOT FINANCIAL...
For education purposes only, I will go over a trade that I made.
I entered at 38000 sats when the green 2 candle was trading above the green 1.
Overhead resistances include:
39040 sats (previous lower high) - If we break this, I will most likely add onto my position
My target zone is between the two dashed red lines, 43040 and 46510. This is where I am...
Looking at the 1D chart, we can see that Steem is forming an ascending triangle, which is bullish. It is marked by the orange rising trend line, and the orange horizontal resistance line. The MACD is setting up to cross bullish if we get follow through. The moving averages are all pretty tight together so a breakout to the upside should result in some golden...
Looking at the 1W chart, we see that STEEM has recently established a higher low of 29175 sats. It is now looking to form another lower high below 50891 sats. The MACD is still hovering bullish. We will need to zoom into the 1D to get a better look.
So an update on Qtum. Qtum has fallen under our white trendline we drew last week As expected it went down until it found a key support region from .0018-.0019. It was certainly interesting to see QTUM experience a V-Shaped recovery, quite interestingly timed with Consensus around the corner(or weekend).
My initial lean is still bearish on QTUM. The 12 and 26...
Zooming into the 4H, we see a few interesting things developing.
There could be a potential bull flag in the works (pair of orange lines).
There is a head and shoulders pattern (yellow) that did NOT breakdown therefore we see a break in the opposite side. This is pretty common, when you expect a break down and it doe not come, usually a breakout of the same...
KNC is seeing some bullish development after a recent pullback. Currently, we see the 50MA (blue) about to cross the 200MA (pink). We also see the MACD curling and looks like a bullish crossover will occur soon. We also see a bullish engulfing candle today if it can close above .000265. We are looking at resistance at .00029317 which we may start to test in a few...
So I randomly stumbled upon PIVX while I was checking out the privcay coin space. One thing I found very interesting is that it seemed to be holding its own vs BTC amidst this selloff.
Couple arguments for buying:
- It is still in the .236 and .382 range of the fib levels that I drew from the high of 1/23/2018 and low of 12/07/2017. This means, IF** Pivx was to...
