Price is above the 21EMA which it haven't been in a long time. 21EMA is about to cross the 55EMA to the upside, last time this happend TRX rallied over 100%.
Looking at the chart it kinda looks like we are forming a rounded bottom, and considering how a lot of alts have been moving lately i think there's a possibility this could be some kind of reversal.
Pretty simple idea here.
If price can manage to open and close a 4H candle below the green box (support) im ready to put in orders to short a retest.
A close below the diagonal trendline would be most ideal.
Targeting support below.
With mainnet launching Feb 26th im looking for a long on IOST.
Looking at the daily chart its obvious that price has now run into resistance at around 173. Ive got two ways to play this, not really sure which one to choose tbh.
First is to wait for 173 to break and then long the retest, second is to long the retest at around 162.
Ive got two setups on chart,...
I'm looking to enter a long on $STRATBTC at around 2500 sats.
This area looks stronger than 2800 that i was looking at before. 2.8 looks pretty dead on the daily as well so I'm glad i never entered that trade.
This goes to show that yet again patience is key in this game. So very important.
I've put my target at around 2900 as this seems to be the first...
Looking for a long at around 1.8k on $KMDBTC.
I was originally look to enter at around 1.9k but after looking at the Daily chart it looks like 1.8k could provide a much better entry.
No need to rush it, id rather wait for a better setup than risking getting stopped out.
Patience is key.
Looking to long ETHUSD on the retest of previous resistance.
There seem to be some kind of Bearish divergence in the RSI and MACD. Im not sure how accurate this is as its only on such a small portion of the chart but still interesting.
With Bitcoin breaking resistance at around $3875 i will be looking for a bounce in the green zone.
Im not taking this trade because of the Bitfinex downtime but if i did i would probably put my Stoploss slightly below $3800 and TP above 4050 for a nice 2R.
The plan here is to long the first retest of support at around 376 sats.
I'm hoping that the support level where price is currently will fail for a nice opportunity to long the next level under.
TP is at what i think is the next closest strong resistance.
All ive used here is simple horizontal support and resistance lines, lets see how this goes.