Do you wonder why some coins keep going and others have stopped or struggling to go higher? I thought I do something basic (Fibonacci levels) and post it here (some have more details because they were ones I was trading or had much interest) It covers the following ALTS:
****************************** LINK chart ******************************
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ETH close to resistance, ~$132, the top trend line
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Link update: ****************************** LINK chart ****************************** When LINK reaches its peak, it will pull back within this channel. It will be very difficult to say where at this point. We need to see what BTC does.
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****************************** BAT chart ***** Update ************************* After redrawing key lines based on the rejection. To me its clear that when BTC hits its target, BAT will hit the top trend line, pull back into a channel for the next stage which is the mega parabolic advance (refer to my other posts)
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Correction, above is for EOS, Also note the MACD, I suspect many are playing out the bearish divergences about now.
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****************************** ADA chart ***** Update ************************* Trading ADA is too much risk, look at the daily candles and their wicks. I would stay away from this until another stage arrives
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****************************** BNB chart ***** Update ************************* BNB is looking good since its breakout. I have my eye on it now to see if it does 2 touches to the support and 2 touches to the resistance. and if other components also look good, lets's just wait and see.
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****************************** BCH chart ***** Update ************************* If it continues and pulls back nicely like this, then I might be interested.
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****************************** ENJ chart ***** Update ************************* Another one to watch..If it does this, I might be interested.
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****************************** ETH chart ***** Update ************************* I have ETH, but I might add more if ETH does something similar to this.
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Just my luck, Binance put maintenance on and I miss the change to enter early for BNB coin.
Trade closed: stop reached
Many of the ALTs have hit their fib. target or pattern target. Eg NEO
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