Aeternity`s chart is beauty. AE had a long accumulation. Recent high buy volume shows potential for a big leg up. Targets are based on fib extensions and cup length.
Please note alt coins price actions are very depended on Bitcoin. So be careful when trading alt coins and always use stop loss.
Golem had a nice rally recently. It seems it has found support after a correction to .618 fib level and now is getting ready for another leg up.
Short term I think it can reach 9265 fib level of its all time high movement.
Volume is declining which is a great sign when a coin is in correction.
I still have not opened long on this trade.
I will wait for...
Eos is moving inside a triangle that can go either way. I still have`nt open a long position. I'm waiting to see if a breakout with high volume occurs. Right now I don’t have clear sense on how far Eos can go, but there are two resistances ahead, which are shown in chart.
In case of a drop, 13047 satoshi is a major support level. For now I'm waiting on sidelines....
Nano`s chart shows great potential. It reminds me of how beautiful Tron`s chart looked a few weeks ago.
Price currently is playing around major support area with great upward move potential.
Nano`s chart, like some of altcoins and even Bitcoin, seems to be making an “Adam and Eve” pattern. This is a bullish pattern.
For last 12 days, Bitcoin has been moving in a triangle.
I think chances of having a bull run to at least recent high (9750) are higher than a drop.
When we study volume, clearly sell volume is fading. This is especially obvious in 1 hour time frame. I suspect soon bears will run out of steam.
Resistance levels :
10961 (major resistance)
Bitcoin`s price action in last 16 days has created a rising wedge.
If you`re holding Bitcoin : I suggest keep it until we`re in rising wedge.
If you`re in altcoins : I suggest keep them until we`re in rising wedge.
If you`re in cash, tether and want to get Bitcoin : Buy when price is on lower edge, keep a tight "Stop Loss".
For price to move higher in rising...
Today Wan broke out of 6650 Satoshi support level. This is good news for bulls.
If we consider Wan`s movement from 3950 to 8550, first impulse wave up, from 8550 to 6650 ABC correction, then we can expect two more waves up.
However there`s a chance of ABC correction not being done. I have shown that possibility with yellow arrows.
Resistance levels are :
Tron`s chart is looking promising. After showing strong support on 350 - 400 Satoshi level, Tron is trying to break first resistance level of 690 Satoshi. First two attempts failed, however each time Tron touched resistance the corrections brought higher lows.
If, and if, market continues to stay healthy, we can expect a third attempt to break resistance....