Let's look at the charts and see what this cryptocurrency can do for us in these calm, relaxed and completely tranquil days. Remember that we are on a market wide correction, so be careful with this and every other trade.
We are going straight into the action, the take off already happened, the price is going up. But remember that we are holding strong, every single one of our trades, even ignoring the stop loss. Use new money to buy in and hold for long.... here we go.
MaidSafe (MAID) Trade Analysis by Alan Masters
We go straight into the action as I know some of you are missing my (our) trades. Let's do this, I've been missing them as well.
Buy-in: 0.000062 - 0.000080
The stop loss can be really useful this time. If you don't want to hold through the correction, if things go sour, then the stop loss can help you, but MAID has been holding strong at the current levels and it can go up according to the charts, let's look at the indicators.
- MAID bounced really strong from a true bottom on the 11th December. I say true bottom because this coin has never seen anything lower than that. So it isn't a recent bottom but the true bottom (based on the Bittrex BTC chart on Trading View). After this bottom was reached, a bounced happened and an uptrend has formed, the price has been going up since, even the correction didn't do much to thwart the growth of this coin. So we want to join in, we want to profit from this trade.
- On the , we can see that MAID had a strong bounce today, after reaching a bottom for the day the price has increased by 20%, this is a huge take off. This caused the indicators to start giving positive signals and there is still plenty of room for growth.
- The weekly chart is where the action is, we have all of our most appreciated signals coming from the chart and indicators, let's give them a quick look: and are both curving and pointing upward, with plenty of room for growth.
- The and OBV are also on the zone.
- We are in a clear uptrend trading on an . And after a bad week last week, this week can turn into consolidation, to then finally take off.
>>> Message of the Day: The Market
Another day has come, the market keeps its walk.
It doesn't matter what we do, it goes down, it goes up.
Another week is on its way, the market is here to stay.
It does matter what we do, we can profit from all our trades.
The market is good, it isn't bad. Cryptocurrencies can really last.
If we have the patience to wait, we will recognize the winners that we are.
We will cash out... Finally, at last.
It might just take few more weeks, I know you have the patience.
We can wait until this pass.
Low volume is also a good indicator of plenty of room for growth. A strong coin with low volume, can be a great opportunity to take advantage of.
Thanks again for joining this trade.
Thanks for the follows, likes, comments and all the incredible and continued support.
It seems to be holding good around the 6400 levels.
Here is the 2h chart for your entertainment:
Please allow this trade time to develop.
Thank you for your support.
We are still within our ascending channel, this is an easy hold.
I have a lot of money on this trade, and I can also wait. :)
- Indicators turning bullish: RSI & STOCH.
- MACD shows plenty of room for growth.
- We are still well within our ascending channel on the daily chart.
Let's take a quick look at these charts:
Our main indicators are trending bullish on the 4 hours chart. There is possibilities of MAID pushing up. Since we are at the lower range of our channel, this is a good spot to open new positions. If you are holding long, you can reload here and wait for the price to go up. You can use a short stop loss on this position, as well as you can sell at any give time if you notice the coin is losing strength or fails to take off.
Here is the 4 hours chart:
2) Do you think it is profitable not to withdraw from alts while BTC is going up?
Thanks in advance !