Weekly bullish engulfing setup forming on Siacoin / BTC.
Lower time frames have switched to higher highs and higher lows so I am taking a swing trade up to the previous lower high from EoY 2018.
Risk for my stop below the low is 15%. And my target is 69% away leaving me with a 4.7 Risk/Reward ratio.
Our Weekly Slow Stochastic cycle is also rising and price...
KEY INFORMATION:
Entry from 2000-2650 sats
Stop below 1950 sats (23% stop)
T1 - Mid 4000 sats (top of the bounce from the low ; 74% profits ; 3R )
T2 - Mid 6000 sats (descending Monthly 8 EMA ; 150% profits ; 5.7R)
T3 (blow-off target) - 16-20k sats (old 2017 support ; 530% profits ; 21R)
Longer explanation:
I am taking a long on Expanse/BTC from 2000-2650...
EOS has a beautiful bullish engulfing setup forming on the Daily.
Price has been making higher lows since EoY 2018 and now has cycled back to the 30 EMA and bounced properly.
Entering here with targets @ the previous resistance of 0.0012 BTC.
Stop loss goes below entry at .00084 BTC.
Cardano has a beautiful bullish engulfing setup forming on the Daily.
Price has been making higher lows since EoY 2018 and now has cycled back to previous support and bounced properly.
Entering here with targets @ the previous lower highs of 1200, 1240, and 1300 sats.
Stop loss goes below 1050 sats.
Like many coins right now XLM is in an intermediate-term downtrend (making lower highs and lower lows).
However we've got a good R/R opportunity on a long here being so close to 2018 support levels (as well as being far from recent 2019 support near 3000 sats ).
Our weekly slow stochastic cycle has just crossed up as well (this is the cyclical component of our...
