Looking at the weekly chart, over the past few weeks we have seen a steady decline, we've now found ourselves at the bottom of our RSI with a score of 30.54.
Last time we have our RSI bottom out (as highlighted above) was all the way back in October 2016, we saw a sharp Bull move which kept us trading in this channel between 42.02 - 44.94 for practically 2...
Following from my last FETUSDT update, priced failed to hold support of 0.1730 and proceeded to test lower support 0.1509 following Bitcoins dump. We found our bounce here and i'm VERY excited to see this rocket take off!
I'f you know me or follow me you'll come to know that i'm ALWAYS looking for Low risk, High reward trades to maximize my profits and minimize...
Looking for a 16% gain from XRP withing the coming week. Support has been found 0.39196 keeping the uptrend pattern live now we are looking for a retest of resistance @ 0.49170.
RSI oversold, volume building nicely, Fomo kicking in. Looking good for now...
(Check out my Cryptocurrency Channel on Youtube! Any support from my fellow Crypto...
On Sunday night i always have a big sit down session of charting, i protected myself from this 18% retracement in BTTUSDT to 0.011556 (which thankfully paid off!)
Be prepared for another potential 11% drop to test 0.010278 which will still be considered "Healthy consolidation".
ALWAYS MEASURE YOUR RISK TO REWARD.
As you can see, possible head and shoulders pattern coming up to change the extremely bullish BNBUSDT trend. If support is lost @ 35.20, we could be in for a steep 20% fall to test support @ 29.22
The whole world is super bullish on crypto right now but it's important to secure profits and measure risk!
Another potential 20% gain here on ONEUSDT, sitting on support of 0.01963 its a great price to be buying. Stop set close for worst case scenario loss of 2.35%.
Would like to see a clear trend reversal before buying, but hell yeah its a sweet price. Don't miss out on opportunities like this, have faith!
Risk to reward ratio: 10.09
ENJUSDT currently sitting on support, great opportunity to get in now. Great trading is all about risk and reward, above you see - Stop loss set for 3% loss worst case scenario... best case scenario is 26% return on my money at resistance. 8.94 R2R ratio, I like those odds.
Have fun trading and BE PATIENT.
FETUSDT closing in on support, hoping to hold as price quite oversold. A test of resistance will be back at 0.2400...
Potential 40% gain.
Failure to hold current support might result in a 13-15% retrace. (Although with current market conditions i don't see that happening, thank me later)
TRXUSDT on a beautiful move the last couple of days following bitcoin's success. Heavily over bought at this stage, expect to see a healthy retracement down to 0.03400, around 7-8% to test support.
Be patient, have fun trading :) DOLLARCLUB