What I See Looking at the chart, ANT seems like a good candidate for a rocketship in the near future. The coin recently tested its floor twice in quick succession, with the 382 fib line now having been breached. My main concern is that 200MA is still well above both 50 & 7 MA, but if we begin to see a pivot from from the 2 lower lines (edit: which you can juuuuussttt start to see the beginning of now), that could change in a hurry. Volume has also made its first uptick on this 4-hour timeline and if that trend get reinforced in the next block, we may just have something brewing.
My Play (#dyor!) I currently hold about 300 shares and have a stoploss set to 37K. I do not trade with profit goals in mind as I prefer to let the charts show me when to exit the position. This is doubly easy in this case as Aragon seems like a great project so getting "stuck" hodling it while it sorts itself out wouldn't be the worst thing in the world, even for us daytraders.
What do you guys think? Buy Or Sell?
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For what it's worth, on the hourly chart the MAs are all in the proper position for an upswing, but bollinger bands are just a touch away from putting out a sell signal, so will be interesting to see who wins out. #lfg
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lines are a bit off but the trend is staying true to form, chance of a lift-off looking good for sometime in the next 10 days.
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Broke the trend line perfectly with rsi divergence and decent volume but got stuffed back pretty quickly. Watching to see if it can rally but vitals not looking good for an immediate continuation, in fact they look terrible at this exact moment. Potential for a bit more sideways and another test coming soon. HODL
Lines are a little off but doesn't really matter, the trend is the same. A difficult crossroads to call is fast on the approach. Just wait for confirmation of upward/downward movement past support or up above the trend. In this instance the trend line has held somewhat better than support, which is uncommon. With that in mind this needs a very close eye as we could see a bull Vs Bear battle here. Risk/reward is great for the upward movement that said. Buy orders should be set closely around 0.00047000 with stop loss around 0.00039000.
btc123
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@Zulunation101, yup exactly. My poker background has taught me that all we are trying to do is consistently find 60/40 spots and hope that we realize our equity over a long enough timeline.
btc123
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lines are a bit off but the trend is staying true to form, chance of a lift-off looking good for sometime in the next 10 days.