Crypto_Ed

4 altcoins, 4 important levels

BITTREX:NEOBTC   Neo / Bitcoin
Observation:
4 of the (for me) important coins which I expect a lot as soons as sentiment for alts get better, are on important levels where we might expect a bounce.

ARK: in the blue box (possible bounce area) and closing in on long term trendline
LISK: on longterm trendline, could bounce from here
NEO: dropped below trendline but still in possible bounce area (blue box). Needs 1 good bounce to be back above trendline
OMG: looks to be bouncing on 78,6% Fibo level

This is just an observation but noticing that several coins are on interesting levels where they might bounce after that market wide downtrend.
Off course, should take into consideration that BTC is on a run and we certainly need BTC to cool down before alts can start recovering. Pls also note that Alts made a deep pullback and also might start a new period of accumulation before rallying again. It wouldn't surprise me if we see first a jump up, followed by a longer period of sideways action where whales surpress prices for accumulation.






Comment: Called the bottom ;-)
Wanted to make separate charts for all coins yesterday in expectation of a recovery towards 2x fork, but didn't have the time and later all alts were flying already and I just leaned back to enjoy.
Will try to update later today.

Happy trading!

Comments

everyone we should thank Crypto_Ed more for all the work he has been doing...
+4 Reply
Lisk is gonna go through halving around 16th or 17th November and then on the 22nd they are going to have some sort of important conference.
+2 Reply
THANKS MAN .. I LIKE YOUR ANALYSIE
+1 Reply
Please keep posting analysis, thanks!
+1 Reply
Respect!! - 4 out of 4 - 'unbelievable' analysis even before the fork event ....
Reply
wow, great job Mr.Ed
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Yep, I watch these 4, xrp, neo, and sprouts now since they announced sprouts+ and that it will allow trade in for the old coins.
Reply
Nice, thanks :)
Reply
Thanks great analysis
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Yes, its very similar... But I think that the winner will be announced only after the SEG2X fork!
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