DGB is putting up a nice pattern here, breaking up the triangle should give us these two targets (based on fib levels) before the next correction.
Be aware that as most of the alt-coins they are heavily influenced by BTC, any drastic movement of it and the alts bleed.
Buy it after the breakout confirmation.
I am NOT a professional trader. I've been learning TA...
It seems like since we broke down the support area (drawn as the orange box) we started this ABC (or ABCD) correction and it is showing some indicators that it may go further.
Trade carefully, shorting BTC is always risky.
I am NOT a professional trader. I've been learning TA on my free time. Don't follow my ideas blindly, do your research and analysis!
Mona is looking pretty good, amazing risk x reward. Should be breaking out the triangle soon. You can wait for a confirmation or buy now with a lower stop loss.
I am NOT a professional trader . I've been learning TA on my free time. Don't follow my ideas blindly, do your research and analysis!
Monero is breaking out, it's just consolidating after the break out. It may test the support line before the run up. Orders can potentially be placed above 0.0202 level and the main target is the green box around 161.8% fib level.
Possible shorter term profit levels: 0.024 and 0.034.
I am NOT a professional trader . I've been learning TA on my free time. Don't...
XEL has been acting within this channel and seems to have finished Elliott Impulse and ABC correction waves. Breaking out the yellow line may lead to a continuation of a new impulse wave?
I am NOT a professional trader . I've been learning on my own free time. Don't follow my ideas blindly, do your research and analysis!
A cup & handle pattern seems to be taking form for ADA.
One of the profit indicators for this pattern is measuring from the bottom of the cup to the breakout area of the handle and use it as a first target, which would be around the 78.6% fib level. Another levels to watch out are 100% and 161%.
Only get in the trade after the breakout confirmation. A stop loss...
FCT is nicely breaking up the downtrend and setting up for massive profits. Keep in mind that a reversal here would trigger at least 15% of stop loss.
The blue and red areas are resistances to watch out (red areas are stronger). There were built by overlapping two fib from the two recent tops.
I am NOT a professional trader . I've been learning on my own free...
