Data is stuck under the downtrend from the initial impulse - The price is holding but the candles are slipping down the fib rays under the descending resistance - Tip of the dart is approaching, we will see a break up or break down here
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Breakout
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Secondary breakout - Resistance at 0.132--0.145--0.168
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If you sold the peak around $0.145 buy back zone is now around $0.11
If you sold the peak around $0.145 buy back zone is now around $0.11
Nom_de_Guerre
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If you sold the peak around $0.145 buy back zone is now around $0.11
billy_willy
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Thanks for your nice chart! I see a pretty breakout there. what's your dayly target then?
Nom_de_Guerre
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@burgeonchain, I'm just waiting to see what happens here, it's new so its not yet clear where it can go, the Bitfinex new coins do all go parabolic at some point - if it stays bullish the next push will prob get to $0.14 area and then maybe as high as around $0.20 -
billy_willy
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@Nom_de_Guerre, I think it maybe in ascending triangle and it's washing out many players. so i will hold it in this altcoins season.
Nom_de_Guerre
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@burgeonchain, Ya I agree i think theres some burnt fingers from the initial pump, choppy sell action, I'm in at 0.07 so definitely holding too, the Bitfinex coins are handpicked, they are all Blue Chip cryptos
billy_willy
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@Nom_de_Guerre, I guess we choose the right direction. wish you good profit! :D
Benjamix
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I see a bullish creature like the one on bitcoin just completed and bounced off it's max.. They can turn pretty fast on these short time frame candles though.. or they just power on up.. Your charts are so cool !!!
Nom_de_Guerre
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@Benjamix, hey bro *} - I prefer the longer time frames but there isn't much history in this coin yet so the shorter candles give you a bit more to work with