Slightly differing to BTC as the recent fall didn't break local market structure the lows of the 24th. Therefore is much closer to taking out the highs at 222 although has rejected 3 times off the 214 level so far. The break of local trend yesterday gave a nice little short if you saw my post. The lower trendline at this stage is hypothetical and unconfirmed by...
Apologies for lack of updates on this the last couple of days. Partly because with all the wicks and manipulation it was hard to judge what it may do! We were holding the range betweem 9390 and 9530. Yesterday we broke up from the range with a big wick to my next level at 9890, but ultimately couldn't hold over 9610 which is a critical level for breaking market...
Trying to break, wait for a decent candle close and ideally a retest above 900.
Wait for a couple more green candles before entering to confirm support holds. The level is a historic resistance. Candles are yet to show bullishness.
Well I managed to lose all the information from the actual chart due to some issue with layouts so this analysis is in the form of pictures! Analysis of how levels are broken and retested. Note there is always some objectiveness with regard to wicks - in this example I have ignored a couple of the wicks at the start based on later price action which you obviously...
We have had a bounce on a good 78 retracement level similar to BTC. If IOTA can break 8k I'd be watching a play out of this butterfly harmonic.
Hoping with the volume on the prior run this is ready, so far price is holding this level as a new support and squeezed against downtrend resistance now too. Bollinger bands squeezed inside Keltner Channels on 1h indicating an upcoming move, RSI rebounded, Stoch/Stoch RSI are pointing up and MACD close to a cross. Not overly ambitious targets, just looking to...
A second bounce on the 70.7 and a higher low made on the trendline. You can either buy now or wait and see if price comes back a little closer to trend. We have almost a month of consolidation in this range and the recent spikes show larger buy orders coming in clearing out sellers in the next range above. Indicators are looking good right now. On the 4h...
Looking for a bounce on this level - no bounce, no buy!
LRC - risky trade because aren't they all right now! I'm hoping this trendline confirms and then we are looking at a similar push to local resistance as many charts have right now. I like LRC as it came down fast therefore didn't have a chance to build strong support at higher levels. Regardless, I am again taking conservative targets until the market shows...
#RLC - still holding and has given a few opportunities to buy on the trend line if you've been watching. Now I am looking at a solid break and retest of 730. If that can happen then stop can go right below 730, first target 780, second 844. Conservative for this market. (Careful of this in light of EVX's break but fail on the retest yesterday).
Risky trade which will likely only play out if we get a bounce on BTC but a nice 5R is on the table. Price can certainly retest lower in the longer term but hoping for a small bounce and a few percent here.
Fell off the possible diagonal it was creating although I am not a fan of the validity of these with such a large gap between touches. Price has come back to support on the 70.7 and local low. So far has been respecting fib levels well. When price fails a couple of times to break a level it will typically come down and test out lower lows. Holding now is...
#LTC - just broke resistance. I've jumped in to see if we can start edging back up. If this works it is often a precursor to BTC but we shall see. Stop below the 70.7 fib around 8750 in binance terms. Targets TBC.
#NCASH - just hit my alert on the trendline. A great R trade if it can break and hold. Buy above trendline, ideally on a 4h candle close above or higher, tight stop.
#CMT - Consolidating between two levels. Buy on hourly candle close above 800. There is a small wall at 800 and another at 795 - you must wait for a candle close as these can get pulled out allowing the price a little higher and then get put straight back in pushing price back down. Entry - candle close above 800 SL - 778 (tight below for great R) TP1 - 996 TP2 - 1172
#STEEM - Buy if we break up from the pennant around 1080 sats and close above. SL - 1036 sats or around 1000 sats if you want to give it more space. TP1 - 1236 TP2 - 1435
Another dragon pattern idea similar to the one we saw play out back in July prior to the inverse head and shoulders.