Forming a possible double bottom here. This is a 2-3 week hold for me.
Entry: Sub 2550/2600
Target 1: 3100 - roughly 36%
Target 2: 4200 - roughly 85%
Invalidation: Around 2250 range, below the low wick on the 1D
Plenty of upside on this coin.
Eyeing an entry around 4500-5000 sats
Eyeing a target around 6000 (TP1) and 8000 (TP2) once this correction completes.
Updates to come...
REMEMBER: Patiences is a virtue.
Looking great to run here, once we hit ATHs and are in price discovery - I will switch to the $LINK/USD pairing.
Note: I am not a financial advisor, this chart is meant for educational purposes only.
Very well could be a top gainer in March! Tons of catalysts this month. Check out CoinMarketCal!
Potential Profit: 87.04%
Potential Loss: 9.36% (A bit outside my comfort zone, I'll play it day by day)
Risk Reward Ratio: 10.82 (Depending on your stop loss)
Long/Buy: 3450-3650 range
Stop Loss: 3230 range
TP 1: ~4800 range
TP 2: ~6800 range
$SPX Short Idea
Spot Price: $2,796
Entry Price: $2,801
Target Price: $2,600
Invalidation Price: $2,818 - Playing it tight; running the possibility of getting stopped out.
Note: I am not a financial advisor, and this chart is to be used for educational purposes only.
$ZRX has finally hit my buy box of 6150-6200 sats. I have been waiting to enter a long term position in ZRX for a while. The coin was manipulated and PND'd for months on account of Coinbase Listing rumors. I believe this retrace has allowed enough retrace for a reversal. Confirmation of a reversal on this chart would be a break and hold of the 7300/7500 range.
$WAVES has been quite the performer this year. 6900-7000 sats has proven to be strong support. I entered a position at 6988 satoshis. I received a lot of criticism for buying $WAVES while it was tittering on support. In my eyes, the R/R was so optimal and had so much upside potential with such a minimal downside risk that it was clear as day. I took out a large...
It has been an incredible 2019 for Binance thus far. Up nearly 80% as we have seen new All Time Highs.
All technical indicators are looking over exhausted. Additionally, the Fetch.AI ICO is raising $15mm in $BNB, exclusively. With the testate already going live and the FUD/FOMO surrounding this ICO on the Binance Launchpad, I expect Binance Coin to retrace to...