Interesting spot for IOTA - I like a long trade set-up here with a 14% downside stop loss, which would be a break of this trend-line, and BTC breaking $6,200 support. Alternatively, an upside break-out towards the point of control on the volume profile indicator, which could yield a ~70% return in a short amount of time. I like the risk reward on this long...
I have an itchy trigger finger here, ready to back up the truck - below are the reasons why downside is running out of room for litecoin. 1. $50.00 round number psychology level 2. Volume profile - we are deeeeep in the value area now, where 70% of historic trading volume has traded, and currently on the POC (the price where the most ltc has exchanged hands,...
Hi guys, Here is my TA for ZRX - it is in a very interesting spot as we can see. I like the big support we are seeing at the 23.6 fib level and the respect of the higher fib levels in the past. This tells me the market is watching this indicator. A break out could be imminent if BTC can remain healthy - this is a massive decision time, and i spot a trade with a...
I see a trend line break in the works (breaking the wedge structure) - upside towards the next POC could be a solid trade. In this scenario, BTC makes the move to $ $7,500 - 1/2 normal risk is on.
Descending Channel Showing Solid Supoprt bounce off of the lower end of the channel + it is the point of control (purple line) on the volume profile indicator, i also just like flat $100 price as a psychology level for support - I like it for a rally back to $120 before bears come back in play. See below my post from a year ago - sniped monero original break out...
I believe we have broken through the grips of this descending channel, and the volume profile - point of control is showing support already, carry us higher, as we claw back some of the losses towards the end of the month of August. God Save the crypto markets!
Another ALT coin that has gotten slammed, but still retaining it's position among the top 10 market cap leaderboard, which should be a sign of strength. I think that if BTC can make the relief rally back towards 7'5, there will be a solid trade for IOTA here with an entry of $0.47 (which is actually the point of control on the volume profile indicator) and a take...
Lumen has stood out as an out-performer during this bear market, and has proven itself as a contender for the top 5 spot on the market cap leaderboards. There is a big move coming up here - bulls still want to call this a flag, and for the major channel support to come in strong, which, if breaks could result in a 50% deeper sell-off into the $0.10 levels(as BTC...
Hi everyone, here is another alt coin chart that looks good for a break out - The probability of an EOS break out is looking higher by the day as we approach the end of the descending wedge structure. I like this $8.00 bid - logical stop loss below the major trend-line support ($7.45 or so) with upside TP level 1 at $13.00 (61.8 fib level). Very nice risk...
Spotted another bullish reversal pattern here folks, don't forget about the joint probability theory ;)
This is a massive decision time for REP - a break above this trend-line resistance would be game on. The SL is so easy to spot here - below the major trendily support ($26 or so), and the upside is just too good to pass up - roughly the 78.6 fib level of the major move takes is into the $50-$60 USD levels. So juicy.
This pair is starting to look good for a break out - as we are coming into some pretty solid support. support: 23.6 fib level + Trendline + daily oversold RSI. All it will take is a break above this inside trend-line resistance and we should see some momentum start to come in. This will only work if BTC can hold the 6'2 level support, and make a run back...
NEO looks good to go long here - a break out of this monster trend-line resistance could be huge. Gotta risk it to get the biscuit. Stop below $30 target $55
I know I have been posting a lot of long set-ups recently, but IOTA is just looking so juicy right now so i have to mention it. So simple - the bid is $1.00 - a break out above this descending wedge (which just got respected on this latest sell-off) would be a big LONG indicator imo, and traders would be looking to the next psych levels for TP ($1.50 &...
Things to note: 1.Volume profile indicator showing the point of control as a solid support level. 2. Daily oversold RSI favours the bull case. 3. Descending wedge structure - common bullish reversal pattern - testing the top of the trend-line now. 4. Elliot Wave count gets the checkmark. 5. The 23.6 fib on the major move looks like a promising TP target 1 If...
Here is one of the alts that has caught my attention recently- it is one of the few alt coins still hanging on to a clear trend-line, and is building up volume at these levels. The REP/BTC pair also trades quite nicely, and there has been some positive news developments surrounding this project recently, which could bolster a come back. I cannot say exactly...
Even Litecoin looks ready to make a break out into the previous support area of $110, which we have yet to see a re-testy for resistance. Things to note: Bear extension targets hit - 1.618% fib level - a re-test of the 0 fib level very likely. Descending wedge pattern nearly breaking out on the daily. Daily RSI - oversold favoring bulls I see a solid 3-1 risk...
OX held on to the long-term trendily and had a solid bounce off of the point of control on the volume profile indicator. A good break out of this structure could send price towards $1.30 - $1.50 levels. Best of luck.