ALT
EBST TradeHeres our TA on the coin, EBOOST.
We've had a very strong decline in the cryptocurrency market, and it seems like things are going bullish for the time being.
With BTC breaking out we can expect many coins to follow in its footsteps.
The technicals are amazing, with RSI & MACD showing nice signs of reversal.
On the 4 hour timeframe, we've broke out and consolidated creating a bullish flag and broke out of the flag sending the price upwards!
On the daily chart once we clear 0.000038 the price has double bottomed on the daily and should send the price a lot higher!
(Shown by green line)
Stop losses can be set below previous resistances
0.00003029
0.00002615
Take Profits at fib retracement levels
0.00006661
0.00009150
0.00011163
Entry
0.000038 (Double Bottom)
We'll be updating this post as time goes on, including when we enter or exit the trade. Cheers!
Feel free to check out the related post on how we can maximize profit while minimizing our risk, we'll be implementing this method into this trade!
Coin of the week: Poupulous! (60% profit target in 5 days)This is my favorite coinpick of the week guys. I charted the coin with explenation on my youtube channel. I hope you like it!
NXT Price AnalysisI'm neutral in this position because we just saw the spike in price from the IGNIS airdrop and currently trying to escape this downtrend. I'm taking a small position here, and going to accumulate more in the ~2500 sat range. The MACD is signaling for a bullish breakout in the next couple days. Keep an eye on this one!
MUE Price Analysis Key things to note from the chart:
- Price has challenged each Fib level respectively
- Price hanging between 100 Day MA (support) and 200 Day MA (Resistance)
- Market patterns show substantial moves every ~50 days (vertical lines)
Entry would be relatively safe at this level with decision time (1/6-1/7) right around the corner.
If my picks help you out, don't hesitate to share the love!
Eth: 0xF6451592D017dd29111d97b21F108F1e566F60b6
Btc: 3Qxd68TUeA3uVNSXizmDCbx5KhNUqngD7D
This is not investment advice, just my perspective on things.
Bitcoin Resists Head and Shoulder, Heading to Next ResistanceKey Resistance of around 16000, if Bitcoin rises above this, I will be adding to my position for a test of ATH at near $20000
Key Support area has been effective thus far
Even resisted that threatening and bearish Head and Shoulder
I expect Bitcoin to stay fluctuating in between horizontal resistance and support for some time, before breaking upwards to test All Time High.
Meanwhile, it may be a good opportunity to get some Alts that are dipped into good prices due to the recent BTC rise :)
When you're comfortable with the bitcoin and the big boys like Ethereum and Litecoin, head over to the amazing world of smaller cryptocurrencies, called altcoins. This place is where dreams can come true... really fast. There are lots of potentials here. But be careful, don't get too greedy.
Examples of smaller cryptocurrencies to buy? Ripple, Neo, Omisego, IOTA, Dash, to name a few. Try out one of the best cryptocurrency exchanges right now.
If you haven't already gotten some of these in your portfolio, I highly suggest you check them out at the biggest cryptocurrencies exchanges out there right now. These are the places where 1000% (or 10x) rises in value are quite common, if you do enough research and pick the right ones
Binance--> www.binance.com (use this link to get 50% off trading fees for you to save more!)
Or Kucoin. Kucoin is a relatively new exchange that is holding a lot of promotional activities (means you get FREE STUFF). It's also the best place to get up and coming newly release ICOs from $NEO. Examples like Deepbrainchain, Redpulse, and so on. You can also get $DRGN, Dragonchain at Kucoin, which many people say are brimming with potential
If you've used Binance before, it's quite similar. --> www.kucoin.com
Or Bittrex--> bittrex.com (sorry no promo links for this one :( )
Or for the really adventurous ones that want to hunt really low cap coins (so called undiscovered gems), there's Cryptopia, a small cryptocurrency exchange that contains many very unknown coins with HUGE potential.
Riskier though! --> www.cryptopia.co.nz (Again, use this link to.. I'm not sure what this referral does. I think you'll either get discount for trading fees, or some free tokens.)
Thanks for viewing!
SALT platform launched less than 2 hours ago, price goes upSALT's platform was launched less than 2 hours ago, since then it when up for almost 3$.
ENG: Possible Outcomes (Update)BITTREX:ENGBTC has been on the recovery path but has seemingly hit a wall during this alt rally, It has been testing support at the 5300-5400 and support has succeeded in holding the price up. I'm still bullish on ENG and will be until support is breaks down. I imagine a upward move playing out with ENG reaching the 6600 price level, and a downward move taking it back to previous resistance.
BAT (Basic Attention Token), PENNANT FORMATION. Like most of the other coins today, basic attention token is facing a lot of bullish pressure on the market leaving the token just below the $0.30, which in comparison to the USD value whatever is actually one of the highest prices we've seen since its initial release. We may see a slight pullback if the market suddenly drops or begins a bullish movement, however, if you're in this coming for the long-term you're going to make a profit as 2018 is going to be a tremendous year for coins like this. The Pennant formation is indicating an upcoming bullish trend and it should be used to indicate where the price is going to head to next, if we break the resistance we are going to see another movement upwards, conversely, if we break the resistance it will continue to drop.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
LOMO: Reversal + AirdropSo it's been a crazy 48 hours with BTC bleeding the alt market but a recovery is near. I like to think of these times as a great opportunity to buy altcoins on sale. one of my favorite alts BITTREX:LMCBTC is looking ready for the rebound. Like many alts at the moment it is very oversold on multiple timeframes and finding its bottom (for the moment). Like many other alts it has experienced a +50% drop in price in the last 24 hour likely due to the light order book. However this coin has strong support and a budding community that value it at higher that the current price. I suspect it will return to previous price levels relatively quickly for the very same reason it has dropped (a light order book is a double edged sword. Entries at < .00000400 are optimal. The LOMO team is also having an airdrop event today and tomorrow which may possibly hasten the recovery. Trade smart.
VIA/BTC Update Hi hi hi ! This is just a quick update seeing as we reached the accumulation zone !
SKKKRRRRR BOM !
If you set buys in that area , congratulations !
Via has started a small uptrend , if it continues I can see it following the green arrows , if not , it will fall back into the accumulation zone bouncing off support . Manage your R/W accordingly , good luck !
My next target is the blue box ( .00025 - .00026 )
Happy trading !
$BURST / $BTC Bottoming ALT. Just had a bottoming breakout with a potential higher low. Looking for momentum.
$FLDC ALT. Looking for a breakout above the upper TL on the bottoming pattern on possible higher low.
MONACO - OVERBOUGHT RSI, FIBONACCI LEVELS.Monaco has recently shot up in price and is now is the overbought section of the RSI which could indicate that the market is expecting a reversal in price. We have set some nice support and resistance lines that both correlate with the Fibonacci levels, for instance, the primary support (1st) fits tightly in range with the 50% levels on the Fibonacci, you should expect a short-term decrease in price back to these levels were the prices are most likely to consolidate before another trend upwards.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
ADX - RISING WEDGE PATTERN / DECREASE AHEAD?!ADX has recently seen an increase along with all of the altcoins, the price has now formed a rising wedge pattern which is indicated an upcoming bearish trend, we can expect this currency to correct to the secondary support line is the wedge is broken downwards, it would then be a good time to accumulate theirs.
MACD confirms a bearish trend.
RSI has a lot of space for downwards movement.
Orange - Resistance.
Pink - Support.
STR/XLM Bullish Moving Average Cross It appears that XLMBTC (STR, Stellar Lumens) is about to make a bullish moving average cross on the 4hr. This is a good set up for a long term trade LONG. Stellar has a great project with a lot of support in the crypto community so it is likely that unlike the other alt coins that bleed when BTC is megabull (as it is right now..) STR/XLM may still rally
Entry: 480-500
TP1: 550
TP2: 600
Target: 700
Stop Loss: 440 (for the less risk averse, 400)
Happy Trading
EOS - Support & Resistance / MACD.EOS seems to look quite bullish accordingly to the graph, we have recently seen this coin have a large run up over the recent month where the coin is now consolidating. You should follow the support and resistance lines on the graph to make the most accurate trading decision, if we fall below the supply line (support) it is likely that that trend will continue, conversely if we break through the resistance prices will shoot even higher.
The MACD lines look to be crossing soon, keep an eye out for this as it counts as a key indicator of an upcoming increase.
Orange - Resistance.
Purple - Support.
Trade the lines accordingly.
ETHEREUM - Cup & Handle Formation. Ethereum awaiting to break through the handle's support or resistance, keep an eye out and set your stop-losses accordingly. I have my bets on a long position.
Cup & Handle Formation - The cup-and-handle pattern is aptly named because it resembles a teacup with a handle. On a stock chart, the cup appears as "U" shape. The handle appears as if it had the shape of a backslash symbol or "\". The cup and handle is a bullish continuation pattern. It is marked by a consolidation, followed by a breakout.
Good Luck!!