There's been a lot of pressure building up with XTZ. Hold on this one to see what it does over the weekend. It could just as easily get rejected at the resistance level, but after 3 aggressive runs, I think it's only a matter of time before bulls take over.
LRC is showing some really bullish signs. There is a risk here with the RSI being right at overbought, but LRC has had a major trend going and I'm willing to bet it will ignore it like last time.
- Entry: .40
- Stop Loss: .305
- Target: ~.75
.34 is not ADA's ATH, though it seems like this given its long winter. But personally I think this bullish triangle is backed some really great fundamentals, not to mention there's anticipation of Smart Contracts being incorporated sometime in (March?). Interesting what this will do. I'm a HODLer, so mostly just watching :)
Bounced off at 7.13 and I had my target sell at 7.20! So close. Felt really good about this analysis (see previous). Set my stop loss at 6.53 just to see if it bounces off and I get a higher price. Otherwise, happy with my profit.
If we don't see this close above the 5.60 support line, we could see a retracement down to 5.27. I have a stop loss there since I'm out for the weekend. And besides, if it breaks below 5.27 then we've broken down from our upward wedge and will need to reassess. Thoughts?
Seems that XLM has been consolidating at around .36-.34, with a strong support at the .33 level. Seems like a good entry for a possible breakout in the next couple days, as I think XLM has a lot of room for growth.
Stop Loss: .285
UMA has been consolidating for a while now and forcefully rejected an intense downtrend. If it closes the day above ~10.24 we could see a sustained upswing. Technicals are signaling close to overbought though, so the risk would be another correction to the bottom the trend-line. Watching this one to see what happens. What do you think?
Hitting some pretty intense resistance at the .34 level. If we close above I could see another run at .45 or so, but if we close below this trendline then we could see further correction to the next Support Zone.