Price has dropped from $120++ to a low of $47++ since YCash fork event ( almost 61% decrease in USD value )/ based on Bitfinex chart.
$47 has been a strong support for the whole of 2018 and have proved temporary why this is such a significant support.
Price is currently in an ascending triangle formation since the steep downtrend since $120+. I would not be...
No descriptions needed. Descending triangle. Price broke down, retested the support.
FYI you are able to short ZEC on huobi. I've been a ZEC bull for the year, but not now. Still long-term bullish nonetheless.
Not much descriptions needed. Do note ADAUSD still in the middle of nowhere. I would prefer taking this long on ADABTC if ADAUSD is showing clear signs of reversal.
Still quite a risky trade I must say, very 50/50ish. However ADABTC def looking more positive. This is the retest of the accumulation phase support.
Once again, I am back with a zcash analysis.
So Zcash as my previous analysis has stated, tops out at the broadening wedge pattern. ZECUSD loves this pattern, pretty uncommon one I must say.
& as expected, Zcash corrected all the way into $64 region at the bottom of the broadening wedge pattern as well. It has a short term rally and now it is tested the $60s...
Using $BTC short profits. LONGING ALTS BTC pairing.
All large cap alts are printing the same pattern like LTC for example.
Ascending triangle 4hrly.
Good RR 3.19. Stop loss can be set tighter, but I think I am giving it more room as BTC is looking very volatile in the lower time frame.
Just take a look at the weekly for ADAUSD.
What a glorious bottom it is. It's almost time for it to make a big move and I believe it will be towards the upside.
A break out towards the upside will bring about a target of 69% gain.
It's been a while since I have posted. So here we go.
Not much descriptions needed.
Keeping price before fork date conservative.
Broadening wedge formation. Embarking on Wave 5 now.
A series of higher highs and higher lows in lower time frame.
Blue vertical line is Ycash fork date.
Targets for broadening wedge are not some hopium MOOON BOY predictions....
1: Past / Present analysis. History always repeats itself. High resemblance of price structure when comparing that accumulation phase from Dec 16 - Mar 17 to the current phase we are having. In 2017. those 4 months leaving accumulation phase brought about close to 658%...
Daily time frame, wedge spotted. AE testing wedge's support. Zoomed into 4 hrly, falling wedge spotted. Price has been trending lower in the falling wedge while RSI has been making higher lows. Stop loss can be kept to 2.5-3%. 3.5 R/R targetting T1+
NEO after a long period of down trend is looking quite good
Rising channel - If NEO is able to maintain in the channel, breaking out of channel resistance can provide good upside potential with the green lines as targets.
Stop loss can be kept tight if breaks down from the channel.