Such a piece of news and a price spike of course needs its accumulation period.
We're right in its middle, where prices are bouncing up and down in the 520-580 sats zone.
I confess I'm holding a nice chunk of this bad boy, so I'm a little biased over it, but I definitely think this is one of the few coins with a future around here and my investing/trading style...
Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts.
Everything is going down, and the best altcoins aren't spared.
I'll give you my short list, which could be way longer:
I believe they're all sure fires, which will go back up once the craze ends.
I don't exclude them...
Head and shoulders pattern caused a heavy correction, but target price have been reached.
Combine that with the bounce over the 120k sats support and the .786 fib retracement, and we already have solid basics for stating the correction's end.
Downtrend can't be defined over yet though, as both price and momentum are still pointing downwards.
Remember also the BTC...
It seems that ARK doesn't want to go down anymore.
First reversal signs are clear: downtrend got broken both in the price and the momentum, SAR is going to turn around and the price bounced over a strong support.
I'm definitely putting a buy order somewhere around here.
I'm splitting 50% now and 50% later, though, as it may go down some more given the insanity...
It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly.
To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest.
ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction...
If VTC will manage to break through 27k sats resistance, along with MACD reversal, it will be my next bet.
Profit target is not huge, but a nice +25/30% with relatively low risk.
Target price is the gold line (35.5k sats), and I'd put a stop loss at 25k.
Nexus has been following a pretty regular uptrend channel for a long time. As you can see, when RSI fell into the highlighted zone, reversal occurred in a matter of days.
Lately, the volume increased, making the last swing's amplitude double.
The rise was followed by a fall, up to the strong uptrend support, which seems to have resisted once again.
My play here...
OMG has proven to be an AAA cryptocurrency since the very beginning. Strong fundamentals, real use-case, great team behind it.
The price couldn't do anything but keep growing.
Now for the first time, we're witnessing a correction.
Corrections on AAA coins are great buy opportunities, the old wise man said. So, I'm ready to jump on OMG if it bounces the dynamic...
QTUM has been in accumulation phase since the very beginning, and the first reversal signals are finally showing up.
The falling wedge has been broken upwards, with MACD confirmation, price breaking the EMA9 and RSI breaking the downward trend.
Volume is not so high, but I'd say that the bottom has been touched, momentum is leading up and targets now are: