About meI have been trading in the crypto currency market for a long time and have had a passion for learning about and creating technical analysis. I own a very large and rapidly growing crypto currency community which you can find linked to this profile.
OMG has made its second breakout between the consolidation of long term support and resistance that has touched all the highs. RSI has turned bullish and is moving upwards and we have just experienced a MACD crossover that indicates bullish movement. Hopefully this is a breakout that brings us to 110k+ sats. Tred carefully and set stop losses.
Looking at the bollinger bands there is a great opportunity to buy NEO now. After an unsuccessful news release on Monday, there was a major dump on NEO. We seemed to have hit the low of the dump and there has been heavy accumulation in this range, making it seem like NEO could go for another run and test resistance again. I would advise that people set stop losses...
OmniseGo is coming close to long term consolidation, bouncing off of support that has existed since the addition of the coin on Bittrex. I believe this is a great coin that has enough hype to cause it to break upwards, set stop losses below hard support and buy now.
I have been following this since the previous bounce, I have been advising people not to buy into the FOMO once LTC hit $70+ and actually told people to sell at the top of this channel at nearly $74. We are now heading dowards to the bottom of the channel in order to test resistance, a good accumulation zone will be $61-63.
Right now we are testing major resistance on the previous highs for Ethereum. In my opinion this can go two ways, we can either break that resistance and shoot for a new all time high, or we can bounce off and find ourselves looking at ETH back around $320ish.