I'm bullish on XLM (well, on all cryptos actually), so let's first cover this plan. I expect point E somewhere between 3100 and 3330 and then rise to marked targets. Not in one day, though :) Entry level is yet to be defined, depends how XLM will behave around there. Stop loss at red line at 2900. For bearish scenario - if XLM will break 2900 support level, I...
If we assume STEEM will start to rise from here, here is a trade idea: - entry at 13k1 - stop loss at 12k4 (bellow longer term support) - target 1 15k5 (previous high) - target 2 17k (38.2% Fib level) - final target 19k9 (bellow psychological resistance 20k and close to 61.8% Fib) Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will...
EOS fell out of downtrend channel and is now moving just above long term support. I'll take this as beginning of a new chapter and give it a try with trade like: - entry 72k5 - stop loss bellow that green area, initially at 66k9 - target 1 at 84k (around previous high) - target 2 at 99k (just bellow psychological resistance of 100k) - final target around 38.2% Fib...
If BTC will be able to rise, we can expect also his relatives to join the ride. For XMR I will set up a simple trade with small loss. - entry: 76.70 - stop loss: 75.00 - target: 88.40 Zoomed out chart for better overview: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I've just caught myself overthinking about this trade setup and at the end decided to put 50% of my "WAVES trade fond" in this simple idea and the rest 50% will be saved for levels over 40k, when it will become really interesting. BTW, WAVES team is very active and is doing some nice things - new release with Smart Accounts is planned for beginning of September...
BAT is currently trading in uptrend channel on 4H chart. Let's exploit this for simple trade: - entry on pullback to lower channel border and around 38.2% Fib level of last drop - stop loss bellow previous low, give it space to breath - target at 61.8% Fib level (can me manipulated later - area between 3500 and 3600 acted as support / resistance in the past many...
As seen on weekly chart, STEEM broke previous triangle formation and later also 20k support. Now 15k level is acting as strong support, has been retested several times. If STEEM won't hold this, I expect it to visit levels around 13k. Trade idea: - short entry at 49k - target at 13k1 (will watch how it will behave around this level and adapt if necessary) - stop...
It would be very simple, if everything was in geometry. We can draw nice falling wedge and expect bounce from around 132, to 50 - 61.8 Fib level. But let's wait what will be happening around 132. It can drop all way down to 128.5 again and retest it and then we'll see how to set up a trade.
If DGB will break bellow 430, it will follow downtrend channel. Mid target 380, final target 300, stop loss 500. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
This is just an observation, not a real technical analysis. I found it interesting (or amusing, if you like :) that each time ETC reached the peak around 16 EUR, it retraced all way down to 0.786 Fib level after app. 1 month - notice bottoms at the end of June and at the beginning of August. Will it hit 13 in September? Hope not, but will be interesting to check...
LTC is ping-ponging inside two months long channel. I'll try to catch it again at 62.4, with stop loss at 59, mid target at 71 and final target at 76. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
The bullish flag failed, but ETH was able to hold 61.8% Fib level. Trade idea, if this level will be retested: - entry at 61.8% Fib level (0.057) - T1 at previous high, T2 defined with ABCD - initial stop loss bellow previous low Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bullish flag on horizon, let's try to catch the trade. Setup: - entry at lower border of flag (0.0577) - stop loss just bellow 61.8 Fib at 0.0569 For target we have junction of several points of interest: - length of the flag's pole - 1.618 Fib extension of the last rise - psychological resistance at 0.06 For now I will target just bellow 0.06. Disclaimer: this...
I will just adding small portions every time it will touch 0.37. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
ETHBTC is approaching 61.8% Fib level, previous support and long term support line. If all of this won't hold, it can drop somewhere between 0.04 and 0.037. Trade setup: - entry: 0.053 - stop loss: 0.06 - target 1: 0.047 - target 2: 0.04 Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;) Wider view:
ETCBTC is struggling to break above 23.6 Fib level of last drop. I expect it to pullback once again to 0.002090 and enter a small amount long trade. Initial stop loss will be set just bellow previous lowest point at 0.001965 and can be raised later. Targeting between 2.618 Fib extension from last wave from low and 61.8 Fib retrace level of last drop. Disclaimer:...