DGD ADA ICX IOTA- the oversold
Updated
Morning
these is for my 1st follower here. ill do my best not to let you down.
These four stood out to me as ICO's which should experience buying volume. I limited myself to these because these are ICO's who's projects are familiar to me. Lets start with the riskiest because it could garner a decent return in a short amount of time
(IOTA)
LONGTERM-BEARISH. Just caught my eye recently.
The Oct. 11th price seems to be support where the price recovered from a 24 hour 16% down spike (setting a 21 day low). Price is currently braking the support line, indicating resistance and support going downward. =Moving Average goes down. I would turn away from this HOWEVER, with selling volume so high and pervasive, beginning from October 10th until now, I have reason to believe that it has been over sold- about to break through sell walls. More importantly, there is a MACD cross beginning to form after a brief oversell about 8 hours ago. For these reason, I dont believe it is going to spike down towards the lower fibonacci level if anything, it would test horizontally (giving us time to back out if weary) or go up! I dont see it going down but trade at ur discretion on this one.
BUY RANGE: Assuming support was found on the 11th at around .480271. Buy it at this price or try to get it for as least as possible-why?-its oversold.... It is currently below that at .480262, so the window of opportunity for returns is getting smaller by the minute. This ensures minimal risk with immediate short term upside potential because if it goes up, it should find resistance around the 23.6% level. YES I expect it to break its recent resistance pattern probably today!
STOP LOSS- 0.47546829 (1%)
LIMIT SELL ORDER- .510000(roughly 6.5%)
These next few I have been watching for a while.
(ICX)
Easy play you can make TODAY. ICX oversold, short-term bearish. Lots of consecutive 4hr volume red bars but price did not stagnate to the degree that it should (its a gradual decline instead), meaning people are buying it albeit not as much as they need to raise the price or break resistance. SO soon, when sellers run out of sell walls (exhaustion), prices will begin moving upward for a bit because of demand!
It is currently testing the 23.6% level and should find support to give us decent gains.
BUY RANGE- .64250-.63809
STOP LOSS- .625000 (you will be fine)
LIMIT SELL- .704400 - .67266
(5.4%-10.3% ROI depending on when you buy in.)
(ADA)
looks bullish finally.
THIS ONE. Resistance has been pummeling this one and soon sellers will have no incentive to sell low, price and volume are going to go up and this could be the biggest gainer of the day. Price is well below what was established as the support level from lows on the 11th and the 14th (its the resistance!).
You can see the previous line I drew- shows I was expecting it to get over sold past the support line but now we are seeing it interact with the 23.6% fibonacci level. It is testing this level and will excel to the next level because sell volume was too high for consecutive days, and MACD is indicating a cross with the signal.
I would set a deeper stop loss than usual. Price could spike down a percent or so to allow for a better buying opportunity. id be confident looking at the volume. With a resistance curve going so well in the chart above, have reason to believe these are bots manipulating the price downward but theres no way for me to know their strategy. Does not appear natural however. For this reason I absolutely believe it should touch the 38.2% level which is at around .797700. That would be near the same price it was on Oct 10th, 18 days ago.
BUY: .72834
STOP-LOSS: .691923 (5% since we are so certain)
SELL LIMIT- .797700 (9.5% profit)
LAST BUT NOT LEAST: DIGIXDAO!!
(DGD)
Went ahead and drew support and resistance lines, showing an obvious downtrend that is obediently confined to these parameters. Basic trading, its in a trough. Differentials appear bullish! Looks almost like a bull flag but not quite, seems oversold so we should be skeptical. However, we know this is probably the bottom because of volume, which is exhausting itself (and obviously support). Not much more to say about this one.
BUY RANGE- 39.000-38.707
STOP LOSS- 38.102
LIMIT SELL- 39.916 (for the conservatives incase of a test, minimum 2.4%)
40.924 (minimum 4.9%)
43.009 (minimum 10.2% ROI)
trade at your own discretion and NEVER risk what you can not afford to 100% lose.
always take in to account total market cap as well as other moving averages when prospecting or analyzing crypto assets.
these is for my 1st follower here. ill do my best not to let you down.
These four stood out to me as ICO's which should experience buying volume. I limited myself to these because these are ICO's who's projects are familiar to me. Lets start with the riskiest because it could garner a decent return in a short amount of time
(IOTA)
LONGTERM-BEARISH. Just caught my eye recently.
The Oct. 11th price seems to be support where the price recovered from a 24 hour 16% down spike (setting a 21 day low). Price is currently braking the support line, indicating resistance and support going downward. =Moving Average goes down. I would turn away from this HOWEVER, with selling volume so high and pervasive, beginning from October 10th until now, I have reason to believe that it has been over sold- about to break through sell walls. More importantly, there is a MACD cross beginning to form after a brief oversell about 8 hours ago. For these reason, I dont believe it is going to spike down towards the lower fibonacci level if anything, it would test horizontally (giving us time to back out if weary) or go up! I dont see it going down but trade at ur discretion on this one.
BUY RANGE: Assuming support was found on the 11th at around .480271. Buy it at this price or try to get it for as least as possible-why?-its oversold.... It is currently below that at .480262, so the window of opportunity for returns is getting smaller by the minute. This ensures minimal risk with immediate short term upside potential because if it goes up, it should find resistance around the 23.6% level. YES I expect it to break its recent resistance pattern probably today!
STOP LOSS- 0.47546829 (1%)
LIMIT SELL ORDER- .510000(roughly 6.5%)
These next few I have been watching for a while.
(ICX)
Easy play you can make TODAY. ICX oversold, short-term bearish. Lots of consecutive 4hr volume red bars but price did not stagnate to the degree that it should (its a gradual decline instead), meaning people are buying it albeit not as much as they need to raise the price or break resistance. SO soon, when sellers run out of sell walls (exhaustion), prices will begin moving upward for a bit because of demand!
It is currently testing the 23.6% level and should find support to give us decent gains.
BUY RANGE- .64250-.63809
STOP LOSS- .625000 (you will be fine)
LIMIT SELL- .704400 - .67266
(5.4%-10.3% ROI depending on when you buy in.)
(ADA)
looks bullish finally.
THIS ONE. Resistance has been pummeling this one and soon sellers will have no incentive to sell low, price and volume are going to go up and this could be the biggest gainer of the day. Price is well below what was established as the support level from lows on the 11th and the 14th (its the resistance!).
You can see the previous line I drew- shows I was expecting it to get over sold past the support line but now we are seeing it interact with the 23.6% fibonacci level. It is testing this level and will excel to the next level because sell volume was too high for consecutive days, and MACD is indicating a cross with the signal.
I would set a deeper stop loss than usual. Price could spike down a percent or so to allow for a better buying opportunity. id be confident looking at the volume. With a resistance curve going so well in the chart above, have reason to believe these are bots manipulating the price downward but theres no way for me to know their strategy. Does not appear natural however. For this reason I absolutely believe it should touch the 38.2% level which is at around .797700. That would be near the same price it was on Oct 10th, 18 days ago.
BUY: .72834
STOP-LOSS: .691923 (5% since we are so certain)
SELL LIMIT- .797700 (9.5% profit)
LAST BUT NOT LEAST: DIGIXDAO!!
(DGD)
Went ahead and drew support and resistance lines, showing an obvious downtrend that is obediently confined to these parameters. Basic trading, its in a trough. Differentials appear bullish! Looks almost like a bull flag but not quite, seems oversold so we should be skeptical. However, we know this is probably the bottom because of volume, which is exhausting itself (and obviously support). Not much more to say about this one.
BUY RANGE- 39.000-38.707
STOP LOSS- 38.102
LIMIT SELL- 39.916 (for the conservatives incase of a test, minimum 2.4%)
40.924 (minimum 4.9%)
43.009 (minimum 10.2% ROI)
trade at your own discretion and NEVER risk what you can not afford to 100% lose.
always take in to account total market cap as well as other moving averages when prospecting or analyzing crypto assets.
Note
edit: wont make a TA for a bit. other tips: as U.S is correcting, you should expose urself to other countries ETF's such as MSIC Brazil (oh my god flawless double bottom). India and China MSIC look like long term shorts. watch U.S Vix futures!!! if you really think U.S is going down along with that sell off of amazon, microsoft, apple, then buy DJIA or S&P 500 (recommended) ProShare Short ETF's which trades. also some cannabis stocks on the toronto stock exchange need corrections and should be shorted, im talking 20mil in revenue with absurd price gains. U.S also leading the way in cannabis biotech.
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