Looking to catch a 1.5:1 short trade setup on USDJPY
Pretty clear and common pattern forming, so I'm hoping to catch a bid and ride a continuation leg to the downside.
Initial target is a long term S/R level @ 107.01
Assuming the USD (DXY) continues to show strength in this week and in the near future, I will be looking to enter this market as a slightly longer-term position.
If I don't get my desired entry around the 0.382 fib level, an alternative (and potentially safer) entry would be to wait for confirmation of a breakout to the upside and likely retest resistance.
> Bitcoin forming an ascending triangle = another bullish consolidation pattern with $10k acting as psychological resistance.
> Assuming we break to the upside, the area to watch is between $10.2k - $10.7k where I expect we'll see a lot of profit taking.
> The 520-540 Satoshi level appears to be a solid entry / accumulation range for BLOCKv.
> StochRSI oscillator has reset on multiple key timeframes (1D & 4h).
> Currently sitting on a key Fibonacci retracement level.
> Previous horizontal resistance that turned into support is now (potentially) acting as support once again.
> Breakout to the upside from this...
Ubiq is a decentralised platform built upon the Ethereum codebase.
One of the main challenges for Ubiq is that it is operating in a very competitive and somewhat saturated DApp platform space.
From a charting perspective it is currently facing a long-term downtrend resistance line. I'm fairly confident that it will break through this area to the upside at some...
My take on ZCash is that it is a solid Crypto Currency that's competing for market share in the highly competitive "Privacy Coin" space.
In that context, my preference with $ZEC is not to hold it indefinitely but rather trade it based on historical 'Support & Resistance' levels.
Now that #AltSeason has begun, I suspect we will eventually see $ZEC breakthrough...
Following-on from its successful launch and fantastic run-up in the Crypto markets in the second half of 2017, $OMG has been able to quickly establish itself as a kind of "non-controversial" token, which most Crypto Currency enthusiasts accept as one that has a very good chance of delivering on that coveted promise of "Real World Adoption".
OmiseGO has many...
2017 was a huge year for Stratis, establishing itself as one of the leading 'Blockchain Application Platforms' in the Crypto space.
After peaking in June, $STRAT fell victim to the downtrend that plagued the entire Altcoin market over the next few months. In early November Stratis began to gain some momentum, making $STRAT one of the first handful of tokens to...
Fundamentally, the Kyber Network Project revolves around the formation of a Decentralised Exchange (DEX).
For those that aren't aware what this means:
(A) I highly recommend doing a bit of research into this topic.
(B) I believe 'Decentralised Exchanges' are going to be very successful at creating a "Buzz" in the Crypto Community, considering one of the main...
Following the 3 month long down-trend in the Altcoin markets that began in mid-September, $LSK was one of the first Altcoins to bounce back towards previous all time high levels.
After spending two weeks in a 'Bullish Pennant' / Consolidation Pattern, Lisk broke-out to the upside today to once again challenge its long-term resistance trend line around all time...
Launched in July 2017, the $CFI token entered the marketplace during a very challenging period for Altcoins and had essentially spent the second half of 2017 in a down-trend.
With the recent "Awakening" in the Altcoin markets, today $CFI had finally broke out towards a new higher high and has confirmed a trend reversal. I expect the value of the $CFI to rise...