mongacoin

mongacoin Updated 

BITFINEX:BCHUSD Type: Long Entry: 778 Stop:736.7 Take Profit: 970 Let's ride this 3rd wave Rationale - 5 wave followed by ABC completed (1-2 of a 5 wave count) - Retracement to golden pocket area (61.8-65) - Broke out the immediate downtrend

mongacoin Updated 

BITFINEX:IOTUSD Type: Long Entry: Break above 0.9590 Stop: 0.9400 Take Profit: 1.272 Rationale - Gartley pattern

mongacoin Updated 

BITFINEX:IOTUSD Type: Long Entry: Break above $1 Stop: 0.9360 Take Profit: 1.1852 (target 1), 1.3439 (target 2) Week long swing setup, of course there will be many resistance level and target along the way. Rationale - 5 Wave followed by ABC, forming 1-2 - Looking for a wave 3

mongacoin Updated 

BITFINEX:BTCUSD Type: Long Entry: Break above 7550 Stop: 7205 Take Profit: 7973 Lets go touch the sky Rationale - TK recross - Bull Flag - target the 50% fib Fib + red macro downtrend line as target

mongacoin Updated 

BITFINEX:EOSUSD Type: Long Entry: Breakout above 8.03 Stop: 7.46 Take Profit: 9.3456 Alt season soon? Let's do some swing trades Rationale - Fib retracement to 61.8% - Cup & Handle Pattern - Price supported above cloud on 4hr time frame, waiting for a TK recross for more bullish signal

mongacoin Updated 

Buying the pull back is always tricky. As a trader we deal with probabilities and try our very best to find high probability trades. We do this by finding confluence and various reasons to add to our trade setup. The Golden Pocket It is my ideal favorite zone to enter a high probability retracement after an impulse wave upwards. It is the 61.8% to 65% zone...

mongacoin Updated 

BITFINEX:IOTUSD Type: Long Entry: 0.9914 Stop: 0.9713 Take Profit: 1.0357 Buy Zone is the green box! Rationale - Deep 5 wave structure retracement to form the A - Retracement to .786 Fib - Key support at 0.9864

mongacoin Updated 

BITFINEX:BCHUSD Type: Long Entry: 784.8 Stop: 774.5 (May adjust it could be too tight) Take Profit: 808.5 Playing a retest of mini H&S back to the Big H&S trendline. Rationale - Key support at 784 area - .5 fib line bounce - Big H&S pattern could indicate more bearish momentum, mii H&S pattern has reached it's target price - Retest of neckline

mongacoin Updated 

BITFINEX:EOSUSD Type: Long Entry: 8.267 Stop: 8.13 Take Profit: 8.678 Rationale - 5th Wave followed by beautiful ABC - 100 EMA bounce - Perfect fib extension to 50% area

mongacoin Updated 

BITFINEX:ETHUSD Long Entry: 466 Stop: 458 Take Profit: 484 Quick bounce scalp, will layer if it goes lower. Rationale - Support level 467 - Fib 50% level - 200 EMA on 1hr timeframe

mongacoin Updated 

BINANCE:XLMUSDT Type: Short Entry: 0.2858 Stop: 0.2931 Take Profit: 0.2481 Bulls are strong but this gonna calm down. Rationale - Key resistance level (0.2829) - Over sold on higher timeframe - Cloud & EMA indicators show price diverging away from the mean This is a counter trend trade to profit from a retracement.

mongacoin Updated 

West Texas Intermediate Crude Outlook Technical Analysis: Still on an uptrend but indicators are showing signs of weakness. - Bearish Divergence on the Weekly for both RSI & OBV - Elliot wave count could indicate end of wave 5 and start of an ABC correction - Break below 67.476-ish area bottom of trend line would indicate further bearish momentum however...

mongacoin Updated 

BITFINEX:ETPUSD Type: Short Entry: 2.06 Stop: 2.22 Profit: 1.85 Rationale - 5 Wave Structure, looking for an ABC correction will monitor if it just sideways consolidate - Target is the 38.2 Fib line - Bearish Divergence - Strong volume candle indicating lots of shorts liquidation

mongacoin Updated 

BITFINEX:EOSUSD Type: Short Entry: 9.282 Stop: 9.5229 Take Profit: 8.72 Rationale - Cup formed looking for a Handle on higher TF - 5 Wave Count looking for ABC correction either sideways to form a handle or zig zag 3 waves down - 1hr bearish divergence - Shooting Star!

mongacoin Updated 

Ethereum Weekly Outlook ETHUSD weekly downtrend channel still intact. Weekly candle closed, engulfing the previous bullish weekly candle Bullish case would be a break above 490 to show a break of the downtrend channel. Volume is descending indicating contraction, many would attribute this as sellers being exhausted. However if there is no follow up buying...

mongacoin Updated 

Already in a hedge since 6677 would add more if price trade above 6460. Resistance zone at 6371 so far is acting as a strong resistance. Possible short squeeze to clear short sellers. 5 wave Elliot Count Shall add to shorts once it goes to 6460 which lead to a rising wedge drop. Trade Setup Type: Short Entry: 6460 Stop Loss: 6586 Take Profit: 6200 Risk Reward: 2.2

mongacoin Updated 

Double touch the weekly support at 5846. Had some relief rally but rejected the strong resistance area which use to be a key support level at 6800 - 6643. RSI indicator showing a hidden bearish divergence on the daily indicating more bearish momentum + 50 RSI area acting as resistance. MACD is also turning so Lower TF Bear flag is forming but finding support...

mongacoin Updated 

3D Chart Price is diverging far away from the 2 EMA on the 3day time frame indicate at least some relief rally up to the red or blue line. Good probability risk trade with 4 hr time frame forming lower highs. First target is the 61.8 fib at 7088