faajonas

faajonas

AMZN just had their third touch on support after falling 10%. It´s closing in on apex, who will win, the bulls or the bears? Our next buy target is at the 4-year-long support, should this local support break. To learn more, you can read my article on AMZN detailing this trade, as well as a quick history of the price action, from the dotcom bubble til todays...

faajonas

NASDAQ:BYND Beyond meat is one of the best-preforming stocks this year, and will go into the history books of IPO´s. BYND is an alternative-to-meat company; in other words, they are in an incredibly growing market. Their valuation is sky-high, but after the recent correction, there might be a trade opportunity. BYND has quadrupled earnings since the same time...

faajonas

Tweeted about sub a while ago, was a little too early I guess. The pattern still seems to be in play, a half cup. It retraced almost a 1:1, compared to most alts at 0.768, volume pumped hard, witch is my favorite way of confirming a reversal. Now we only need to hold the support at previous recistence (red line). There is also an announcment coming in 6 days. I...

faajonas

What we see in this chart is the IOTA correction, it had a beautiful run up from 30cent all the way up to 5+, and has been correcting pretty much since then. Considering the RSI combined with a nice ABC count i belive we are nearing the end of the correction. I have already bought a lot of IOTA, but I plan to buy much more if it gets to my buy zone. The 0.786 fib...

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I made this chart cus a friend asked me too. Eboost is bullish on the Ichimoku cloud. Eboost is also bouncing off the 50MA that also alines good with the bearish wedge at support. Yes the vedge is valled a bearish wedge so we need to be aware of short term downbreak. Other then that we can also see that the chart may be forming a cup&handle pattern, where only 3/4...

faajonas Updated 

Litecoin had a beautiful run up from 100$ to 370$, there was a lot of fomo when the price was increasing. Now we are undergoing a healthy correction ABCDE, or ABC correction. If we use the fibonacci retracement tool we can clearly see that "B" touched the 0.236 fib level, and "C" touched the 0.618 fib level with scary accuracy. This makes me belive that "D" will...

faajonas Updated 

We all feel sorry for the bastards that bought into the hype of NXT before the airdrop. This also means NXT has a lot of bagholders, we will need to have this in our backmind. Currently the NXT chart has retraced almost 78% from the highs. If we use the fibonacci retracement tool we see that it did fall under, but quickly bounced up to the 0.786 fib number and...

faajonas Updated 

Possible quick trade on Qtum, it has great support at the lower blue line, and it seems like it has done a small 5 wave correction with great recistance that there is a good chance we can breakout from. I will do a long positsion from here, no stoploss, but I will watch the price closely incase we have a breakdown.

faajonas

We can see that OMG have maybe completed wave 4, wich is a correction wave. It retraced to 0.786 fib level and has nowfound support at 0.5 and resistance at 0.382 fib. We can also we can see it forming a triangle. I do expect a breakout from this triangle, and if it fails, i still belive fifth wave will start from a lower point, I currently hold a positsion. I...

faajonas

RSI almost 100, enough said. It might run further but I would never be able to take up a position at this level. Do anyone see any similarities with Verge?

faajonas

If you divide the chart in the middle you will see zencash created a support and resistance line. Inside there we also see a cup&handle formation that broke out perfectly. Now it seems like it has created a new support and resistance level, instead of a cup&handle we see an abcde correction inside. If the price hits close to E I will take up a major position for...

faajonas

Verge has been one hell off a ride. It has now retraced to the fib 0.618 level. This is a very strong level and will act like strong support. This is a good time to take a long position with 100%+ gains. Stop loss 10% under 0.618 level. I feel sad for everyone who fomoed right in to this last pump. Buy when everyone is selling (now).

faajonas

Here we can see a possible play for Zencash. First it started off with forming support and resistance, and inside it formed a cup&handle that broke out 300%. From the increase it created new support and resistance lines. And inside here I belive we are seeing an ABCDE-correction. I am currently not in Zencash, but I will def buy some if it comes close to my blue...

faajonas

Nice support line with good possible bounce.