ADA is laddering since May 13 and broke several trends.
After BTC pump it retraced to the 4HR hold level, took entry at the hold level at 1025.
Entry: 1025
Target: hourly at 1108 (8,1%)
Stop: 1% at 1015
WAN broke downtrend and also closed a daily valley
Stopped at the 4HR level and retraced to the downtrend
Took entry on the bounce at 542
Entry: 542
Target: daily at 613 (13%)
Stop: 1% at 536
S.o.T Chartoff - May - week 3 - ETHBTC
1. ETH/BTC hit monthly low from Dec 2018 on May 14 and started uptrend
2. Broke several 15 min levels and retraced to uptrend
3. Broke another 15 min level and retraced to uptrend
4. Took entry on that retrace at the bottom of the trend
Entry: 0.025653
Target: 0.028696 (11.83%)
Stop loss:0.025343 (1.2%)
S.o.T Chartoff - May - week 3 - ETHBTC
1. ETH/BTC hit monthly low from Dec 2018 on May 14 and started uptrend
2. Broke several 15 min levels and retraced to uptrend
3. Broke another 15 min level and retraced to uptrend
4. Took entry on that retrace at the bottom of the trend (in the green box)
Entry: 0.025653
Target: 0.028696 (11.83%)
Stop loss:0.025343 (1.2%)
Took entry because:
- TRX formed and held uptrend,
- broke downtrend
- broke 1HR hold level at 374 to attack next targets 394 (daily) and 400 (1HR)
Tight stop (1.07%) due to uncertainty of the markets.
TRX set a low at 393, moved slowly up and broke downtrend (1).
Next it broke the 1HR valley at 409 and another 1HR valley at 416
but could not pass the hold level at 422, peaked at 420 creating a new trend (2).
Did a pullback to a 1HR level at 402 and held, creating new uptrend (3).
Expecting TRX to continue uptrend and target the 1HR hold level at 422 before...
My target level of 422 was hit during the night.
Unfortunately I was sleeping and not able to get back in for the next target of 429 which also hit already during the same night.
For now 4.71% profits secured.
Will monitor and update if I decide to re-enter at 422 level for next target of 440 (15MIN hold level).
1. Broke 4HR valley
2. Broke DAILY valley
3. Broke downtrend
4. 1st touch rejection of next 1HR level
5. Pullback to newly formed uptrend
6. Entry at 65,29
7. Target is next 1HR level: 70,15
8. Stop set at 1% below entry, which is also loss of local 1HR uptrend
1. Good volume on the monthly and weekly
2. After testing the weekly level on March 13 distribution started with volume slowly dying
3. Since March 18 volume is increasing on the 4HR and 1HR, accumulation starting again?
4. Took entry as explained on the chart, will update progress as needed
1. Volume increasing on the weekly and monthly timeframes
2. After price spike on March 12, distribution started and dying volume on the daily & 4HR is signalling end of distribution?
3. Volume is increasing on the 1HR, accumulation starting again?
4. Took entry as explained on the chart, at the bottom of the 4hr level and 1hr valley
Entry @4028, which is bottom of the wedge (=support)
Take profit level 1 @4255, which is the top of the wedge (=resistance)
Stop just below bottom of the wedge @3999
Possible gains: 5.6%
R/R: 7.75
Loss if stopped out: 0,7%
Re entry @4266 if wedge breaks out to the upside
Take profit level 2 @4440, which is just below next monthly level of 4445
Stop of 1% if...
