CM_Trades

CM_Trades Updated 

NEO has taken a solid beating in this bear market as it is down over +90% from its peak back in January. After hitting lows below $14 for the first time since last September, NEO seems to not have a pulse as it remains flat where most majors have seen decent gains off their local bottoms. This, in turn, presents sizable gains to be made in NEO once people start to...

CM_Trades

XLM has always been in the spotlight with its partnership with IBM and the constant back and forth with Ripple on which tech is better. After hitting abysmal lows near 2959, XLM has rebounded nicely with the rest of the altcoin market and finds itself right up against resistance for the fifth time in the span of 2 months. After breaking its long-term downtrend...

CM_Trades

As profit target #1 hit quickly, you were able to add back to your position on that test of the FIB level near the demand zone, which was a gift! Having entered back in, you would now find yourself back in the supply area where we first rejected and are now trying to break out of. Seeing that BTC has returned back in the range after a hectic Wednesday evening, we...

CM_Trades Updated 

XRP has bounced nicely off both of the demand zones below and positive news out this week has spurred more upside. After today's drop in BTC, Ripple is right back to where we started the day....at resistance. Both the RSI and MACD are looking a little high so would like to see those cool off a little before feeling confident on entering a long position. As such,...

CM_Trades

BTC has finally dropped into the demand zone and overshot the lows to trigger stops. As I am typing BTC has reversed completely and formed an engulfing candle on the LTF and depending on where this closes on the 4H, could give us more indication on direction. Everyone needs to be careful here as contract expiration is about to end and the price is being...

CM_Trades Updated 

After slicing through demand area around 6400, BTC has yet again turned bearish near the yearly lows and hasn't been able to break above that 38.2% FIB level. A quick short scalp has been displayed below as we can see an S/R flip, which previous support has now become resistance so a move lower is in the cards. The first target would be a stop hunt into and...

CM_Trades Updated 

ZRX has seen a nice runup since tapping into the demand zone around 7400 but seems to be breaking down from the triangle. Overall, with some alts starting to look bottomed out barring a BTC meltdown and possible coinbase listing soon, ZRX seems like a strong pick for a long. RSI and MACD seem to be turning up showing positive momentum and we are currently sitting...

CM_Trades Updated 

ETH dropped since our last post but has found around $204 and has bounced back up to near the 38.2%FIB level. If we break and close above, we could see another test of the supply zone above around $229-$230. The FIB level could be another area to add to the short but one must keep an eye on BTC and whether or not this has the momentum to break higher. RSI is...

CM_Trades Updated 

Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good...

CM_Trades Updated 

After yesterdays drop through the support area, BCH nearly hit our target by a few ticks but profits were still taken on the trade as it played out perfectly. Being flat now waiting for a potential test of the support area now turned into resistance (S/R Flip )is a wise move as we are now in no-mans-land. RSI is turning back up while MACD has flatlined shows the...

CM_Trades

Looking at the Daily chart, we can see the constant rejection of the longterm downward trendline making lower highs along the way. With all the uncertainty in the market of whether or not Mt.Gox wallet will dump on the market, ETF decision news, government crackdown FUD, and whale manipulation, it is up for debate on whether we have hit the bottom or if there is...

CM_Trades

ZEC found support around 165 on the last move lower and has since rebounded nicely but is finding trouble continuing its run higher. Currently sitting near a strong demand zone, a move back up to test the previous swing high is very possible given a push up from BTC. RSI and MACD can be seen moving higher on increased volume as well, which could spell a break of...

CM_Trades Updated 

BCH failed to break above the supply zone around the $470 area and was sent tumbling down back to the demand zone where we previously bounced off convincingly twice. Volume has accompanied this move, which is always a good sign but we seem to be running into resistance at the downtrend line but RSI keeps pushing higher and it looks like we might get another run at...

CM_Trades Updated 

DASH reacted strongly to the 0.021 demand level with one of the highest volume days ever! Since then, it has continued to trend higher tapping the demand zone around 0.0255 before resuming its uptrend. It has run into resistance here and is having trouble closing above this supply zone. If the daily candle can close above here, we can expect a continuation of...

CM_Trades Updated 

Yesterday's move lower could have been expected by most as Ether moved over +30% from the bottom and was due for a pullback. After tapping into the demand zone around the 23.6%FIB around $195, Ether bounced back strongly today but hit some resistance around $215, which coincides with the 38.2%FIB. We can see the RSI moving back towards the downward trendline,...

CM_Trades Updated 

Cardano has moved up impressively after testing the demand area around 0.00001 with significant volume. Some macro news regarding a partnership with Metaps Plus, which enables ADA for purchases in 33,000 stores in South Korea. We can see that ADA has broken above the supply zone it had trouble to break multiple times and we will soon see if it uses it as...

CM_Trades

BTC is currently trying to breakout from the $6500 range but it is finding it hard to break and close above the dotted red line (resistance). If we do close above, we could see BTC head for the supply area above around $6700 but a failed move here could spell disaster for bulls bringing us back down to support around $6100-$6200. We can see that we tagged the...

CM_Trades

Over the past few weeks, DASH found strong support around $140, testing it multiple times before breaking above with tons of volume. It is currently contained in a triangle, which it might be ready to breakout of and target the supply area around $200-$210 with the possibility of moving up to as high as $220 where the next supply area lies. Both the MACD and RSI...