With btc correcting a bit, we might see some alt action.
One alt that might be approaching bottom for now is WAVES.
Chart tells me would could make a >10% move here which could last a few days. Im using a measured move for my target, targetting next price channel. Aiming for 16-20% here. Stoploss I would go for 3-5%, best to buy on a retracement on 4h or 2h chart.
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The amount of Bitcoin short positions on Bitfinex fell by 20% this morning following a 6,500 Bitcoin short order being closed.
Usually a move of this magnitude would move the Bitcoin price up, but it didn't break $5,350 level of resistance.
The lack of...
ONT smashing down doors, hit the 1.168 extension from the original push lining up with the 100% on the trend based fib extension, which means this leg has been of equal length of the original leg, next target being the 1.272.
There we should find a reversal pattern and be looking at the .786 on the trend based fib for a re-entry to catch the last leg up to the...
- A rejection off the Supply Zone that was taken from the 2nd of December.
- Price has tested this Supply Zone 3 times since this latest rejection, thus verifying that this zone is valid.
- An easy prediction down to the Demand Zone that was formed by the red candle on the 20th of December.
- Possible outcomes would be, either a push off this Demand Zone, to...
I am not confident of Vita's price movement lately. It has broke out of the falling channel but a double top has formed and prices are likely to reverse. Watch out for break and confirmation below $0.93.
Target short @ $0.52.
A price above $1.415 will invalidate this bearish view.
Background: Vita diversification strategy involving a move into cosmetic...
SW1 Swift Network Group prices seem to be moving into the apex of the simultaneous triangle. I am expecting a breakout to the upside. The correction at EW2 hits the golden pocket nicely at 0.65. I believe we are going into EW3.
Long if closing above $85.4.
Take profit: 110.23
Stop loss: 81.56
Short if closing below $80.9.
Take profit: 68.09
Stop loss: 85.40
Pretty nice triangle here looking rather bullish, but I will wait for a break above/below for a riskless entry...
During the last period JNS gained about 43%, going to touch the 16$ level.It's probably influenced by the news about Bill Gross joining Janus Capital Group. It's a key level because on 2010 on the same resistance occurred a triple top and the beginning of a downtrend phase that reached 5,70$ (2011). After that low we can observe a new uptrend phase contained in a...
This is a textbook Elliot wave impulse move to the downside with clear alternation.
We are clearly on a wave 5, however, I'm not quite sure if we have completed the wave yet. It appears to be close to popping out of the channel, which suggests sellers are drying, but usually wave 5 is equal to the length of wave 1, so I'm waiting to see what happens after...