One of my friends called SV delisting as "mental orgasm" I totally agree with that. Bastards responsible for BTC dump from 6k to nearly 3k, that rekt so many good traders, are now rekt themselves. RIP BCH SV.
So what it brings to ABC? First of all money from SV went directly into ABC and pumped the price by 10%. As SV will slowly be delisted by other exchanges,...
Moderately bullish. I was expecting dump from this zone but so far price is holding with equal pressure from both sides. Week candle closed above critical level, so the market is good. About 60% chance to go higher from here or at least not to pull back lower than 5000.
I reall hope this is the bottom for long Enjin fall. It reached good support level and bounced. Might breakout triangle.
Keep in mind that Bitcoin bounced as well but it won't last for long as I expect it to fall lower to 4700 after it hit 5150-5200. So ENJ growth will be limited by that time.
Together with all alts ETH was dumped by recent Bitcoin actions but met strong support at ~310 and bounced accompanied by some nice volume, getting above another strong SR at ~337. Now trying to breakthrough 345. Next will be resistance at 355 (3.7% above), very important level. If ETH will get over it, it may start alts bullrun. Basically the signal for bullrun...
Steady but rather slow uptrend - moving from lower channel to higher channel, each approximately 5 days length. Given targets are realistic, but what would be really profitable is to catch next pump, which may take price up to 50% or more.
Buy zone: 1770 - 1780
Targets for midterm: 1870 - 1900 - 1950 - 1980
Stop loss below 1710
See the big picture. All you need to see is volume gap in a pretty wide range. It gives fantastic profits in one pump. Same was with THETA and couple of others. So this coin is good to buy and hodl. Maybe even without stop loss (what am I saying????!!!!!) as you don't want to be cut of and miss 80% profit =)
Note how volume response to support and resistance violation on chart. Support moved up, so next bullish bounce should be from 3970-3980. Lower values will take it back to ~3940 - 3900.
Fingers crossed for breakout
Binance Coin chart update. Since last post price still moves within ascending triangle and look great. Here is why.
* Horizontal volume bar draw pivot point for visible range with long red line - now its at ~392 and price is above it.
* Volume for the last 4 hours candle, the one that pushed the price above pivot, was bigger than previous 9 candles that led to...
Now previous resistance acts as support, pushing price higher or "bouncing" it in case of pullback. Main breakout is still ahead when price will get above ~1240 and 1300 levels. After 1300 highway to 1380-1400 as there is no volume left after the previous fall. So no resistance.
REP 4H chart
Augur testing resistance at 3750 - 3800 for the third time. Looks bullish. Indicators also leave room for breakout. Fingers crossed
My settings for this trade.
Buy zone 2650 - 3750
Targets 3850 - 3950 - 4060 - 4170
Stop loss below 3500
Trade on your own risk!
OAX look bullish. Currently in the zone of pump&dump "bagholders" resistance, but new volume is coming, pushing price through one resistance to another. Maximum pullback for bullish scenario is to ~3870-3940. Targets 4600 - 5000 - 5400. Stop loss below 3500.
Today week candle closes. What does it tell us. First of all, the market is on hype. We've seen so many coins pumping lately, including high cap coins, that it is impossible to ignore the bullish mood all over the place. Still I prefer to think unbiased mind. Here are both scenarios:
Bear mind: Although it is very enjoying, lets not forget that major changes...
I like DOGE because it is really the best shitcoin you can find. Doesn't pretend to be anything, no marketing as there is no team and no goal. Just a pure price movement based on its own cycles and BTC mood. Each bull run, even if it is small, DOGE fly to the moon, than slowly falls down. Unlike BTT, heavily manipulated by Tron and Binance, this coin is much more...