Today I have analyzed altcoins which can give us some small relief but at the same time have the highest probabilities of delivering the outcome of what we want to see. I have chosen the Enjin Coin $ENJ
- Crossing on daily 100,150,200 DMAs
- Daily above previous VWAPs close from Aug-Dec 19'
- Retraced the previous rally down to 79% and found support on 62% of the last swing high
The plan is to start expansion/rally to our targets as soon as possible, otherwise, we will visit the second support at 875-920 satoshi, so I am expecting daily close above 1068 and this level should hold and act as a support. Then I would expect a rally from this level to meet our targets.
If the daily will not close and hold above 1068 level, then I will leave this idea and I will be watching second support at 875-920 satoshis.
Others altcoins what I have found did not have fulfil my criterias. I am still very cautious because of high Bitcoin Dominance (currently above 70%) which can ruin any good/strong setup in altcoins. So do not be greedy in your targets and if there will be seen any weakness in your setups in altcoins do not be afraid to cut it as soon as possible.
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I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Free Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
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I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold ,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC ).
go.primexbt.com/click?pid=507&am...
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- Crossing on daily 100,150,200 DMAs
- Daily above previous VWAPs close from Aug-Dec 19'
- Retraced the previous rally down to 79% and found support on 62% of the last swing high
The plan is to start expansion/rally to our targets as soon as possible, otherwise, we will visit the second support at 875-920 satoshi, so I am expecting daily close above 1068 and this level should hold and act as a support. Then I would expect a rally from this level to meet our targets.
If the daily will not close and hold above 1068 level, then I will leave this idea and I will be watching second support at 875-920 satoshis.
Others altcoins what I have found did not have fulfil my criterias. I am still very cautious because of high Bitcoin Dominance (currently above 70%) which can ruin any good/strong setup in altcoins. So do not be greedy in your targets and if there will be seen any weakness in your setups in altcoins do not be afraid to cut it as soon as possible.
__________________________________________________________________________________________________________________
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Free Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
__________________________________________________________________________________________________________________
I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold ,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC ).
go.primexbt.com/click?pid=507&am...
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Comment:
Daily support hold itself, found another support at previous S/R Key lvl and followed by expansion.
Targets remain the same.
Since our Daily Support 2 price is +44% profit.
Targets remain the same.
Since our Daily Support 2 price is +44% profit.
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