Look closely at the TA outlined here. I see a bullish trend-line break in the making.
In the event of a bearish BTC dropping to 5k levels, LTC gets absolutely rekd - easily getting crushed at least 20% more than BTC. This would land LTC in the $70 USD range, which is where i am placing my buy limit orders.
Responding very nicely to the pull back, I think that once this trendline breaks, there could be some quick upside. If BTC can hold up and make the run to 8k levels, it could open up some juicy opportunities in the alts. LRC has been on my radar for a while, and they just launched their IOS application today, and it looks good to outperform BTC. If you don't have...
Here's the long set-up, The trend- line break should get noticed pretty soon. Target 1: $200 Target 2: $225 SL: $145
Quick run through of the TA developments, and long trade set-ups. Have a great trading day everyone!
Entry $610 TP $650 - $666 SL $570 Have a great trading day everyone!
Long Trade set up for LTC - May 20th/2018. Entry $116 TP: $135 SL: $107 Enjoy
Short to Volume profile Indicator - Point of Control Entry $14.75 Take Profit $12 Stop $15.65 Amount 1/4 normal risk Cheers!
ZRX looks to be breaking above the median of this descending pitch fork, and the 23.6 fib - targeting the next fib level for TP 1 (38.2 level) I'm taking the trade- Entry: $0.63 Stop: $0.54 Target: $1.00 Risk: 1/4 normal risk
There appears to be a nice wedge break coming here - with a great risk/reward ratio. I'm taking the trade: Bid $1.00 Stop $ 0.77 TP $1.50 Risk: 1/4 normal risk Refer to my related idea below to see that i called this correction in IOTA way back - Now i feel we are entering buy territory again. starting small, and scaling in.
Here is The trade setup for ETH - Adding to position to make it a total of 1/2 normal risk on.
Dash appears to be finally breaking free from the grips of this long-term descending channel. I am taking this long trade. 04/08/2018 Entry: $300 Risk: 1/4 normal risk SL: $272 Target: $400
I am seeing signs of a potential break-out here, with a strategic stop loss area under the trend-line & fib level support. 04/07/18 Trade Active: EOS/USD Risk: 1/4 Entry: $5.88 Sl: $5.45 Target: $7.50
What are the odds Monero breaks this long-term trend-line? well this largely depends on BTC or course, which is looking like a further correction to 5k is imminent. Either way, I just see this is a good risk/reward trade for Monero supported by a morjor long-term trend line and 23.6 fib retracemtnt - SL $166 - TP $250 I'm going for it, but only with 1/5 normal...
This channel will chart BTC path to 5k levels - a congruence spot for multiple indicators, and a major psychology level. This will present long-term holders with an incredible opportunity to be well positioned for the following 100k rally.
full 23.6 re-tracement from the highs of $1500 - aligning with major trend-line support & overold daily RSI - there is a bullish trade her (100% ROI just taking it to the 61.8) the risk/reward here is too juicy to pass up. also note that the ETH/BTC chart is oversold on the daily, so once we get the confirmation in BTC - this will be a solid place to park some...
If we see a daily candle close in the yellow neutral-zone area, the 5k scenario becomes more likeley, as the next major trend-line support must then be tested - this would represent a long-term buy opportunity, for the eventual return to 10k levels. alternatively we could see this support hold at 8k - and a break of the green trend-line resistance would indicate...
This is critical support for DASH - I believe this is how the next few days/weeks will play out of this support holds and we can break break out of this wedge. This is obviously contingent on BTC holding up in the 8k levels. but i think the probability is in the bulls favor now that both the daily and 4H time frame RSI is in oversold territory. I am placing my...