Altcoinboom2k18
Altcoin bull run Cummings Soon, Altcoin MarketCap Analysis
We are doing Analysis of AltCoin MarketCap on 3 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan
ADA came back to its reversal support Go massive LONGADA already dumped very hard and now it came to its previous strong support area
it can only go up now
OMG 4HR Buy ZoneOMG approaching a key support level.
The purple lines are resistance/support.
The orange are the trend lines.
Here's a quick run down:
- Volume is looking good and is declining.
- MACD is looking to swing onto the bull side.
- Candles are still getting rejected to by the 10 EMA but despite that, all three of them are getting close to catching up with the 4 hr candles.
Most importantly though, the RSI tends to bounce from 25-30 and currently it's around 43 so it still has some ways to go. (I've been using RSI a lot more over the last few months as it's been very useful.)
The buy zone I've indicated between 1450 and 1370 is where I'm looking to scale in and buy some OMG.
QLC/BTC Consolidating ChannelLooks like QLC has been consolidating around this little channel between these support levels.
If the candles remain above the 10 EMA and the 25 crosses underneath it to support the 10 then that'll be a good indicator of upwards momentum.
If it breaks resistance expect a move to the upside to test 2300 sats.
QLC/BTC Update After the failed breakout we saw QLink break down.
BTC not breaking $10k as we all hoped only further exacerbated that and we broke the 1st resistance level.
It's currently testing that key support level around 2040 satoshi's.
If BTC holds we can see QLink consolidate a little further before testing that first resistance level around 2200 (roughly).
The EMA's are playing catchup with the 10 closing in. I expect some bullish movement within the next day or 2.
All of this will play out IF Bitcoin can hold and stop dumping.
****THINGS TO CONSIDER****
QLINK WILL BE AT CONSENSUS 2018. That is within the next week. If there is a big announcement then we can expect some positive price action.
Personally, I've opened a few positions in the projects that will be in attendance. As always, you can expect the news that is released to be hyped up by the community.
EOS Levels to WatchA few days ago I made a post saying that EOS was forming a possible double bottom (which I updated the idea to say that I was wrong.)
Anyway, EOS has found support and lots of volume has come in as people are accumulating.
RSI is looking good and the first major resistance level will be at 21k sats.
QLC/BTC 4hr SetupThis is a beautiful little setup we've got going on. It recently tested it's ATH but is not experiencing a pullback.
We have a small bounce off the 10 EMA and if it closes below it then it'll get another pop at the 25 towards the 10 (for you daytrading type).
Either way, I'm looking at a possible entry off the 25 EMA and am holding since currently the candles are closing higher (overall).
AMB/BTC 4hr Levels to WatchAmb has had a great run over the last 10 days. (75% or so).
As is evident, the 4hr RSI is showing bearish divergence as buyer volume is starting to get a little exhausted.
Those support levels are nearly aligned with the Fib Retracement Levels.
I'm looking to layer my buys between 6500-6000 satoshi's.
On the other side of the coin, if it continues to consolidate between these 6800-7200 satoshi's then there's the possibility that it will go on another run to test those resistance levels.
BNB/USDT Looking to breakoutBNB/USDT setting up to breakout soon.
It's tested that resistance level multiple times and volume is looking good.
This is my short term play.
"All the Way Up" POE/BTC 4hrPOE/BTC on the 4hr looking to be setting up for an imminent breakout over the next few days.
Higher lows have been established as the volume and RSI remain steady.
ONT/BTC 4hr Cup & Handle ONT looks to be forming a cup and handle.
Accumulation has been going on for the last week.
These are the levels and projection that I believe will occur.
ONT/BTC Possible Elliot Wave 4hrPossible Elliot Wave for ONT.
Look for more volume to come in, the RSI has cooled off and I think we are getting ready for that final leg up before the big sell-off.
Things to note, on the 15m chart, there is some bullish divergence on the RSI so let's see how it plays out over the next few days.
A move to retest those ATH would be 26%.
NCASH/BTC Head and Shoulders Looks like a possible Head and Shoulders is forming on the 4 hr.
RSI is floating around 53 with the MACD about to show some downwards momentum.
Volume is not looking too great right now, I've set some stop losses and am waiting for this to play out.
$GAME solid altcoin party pickA very strong area for accumulation based on previous resistance. Should be a good buy.
Target indicated on the horizontal line indicated at the chart based on previous resistance
RIPPLE | Catching the BottomRipple's bubble burst quite significantly, and we are now approaching the bottom of the range. Looking for buy signals at 56 cents and 20 cents, depending on price action.
WABI $4-$5 range by 1st of FebruaryConsidering the surge of alt coins during the January period as noise (many newbies and weak hands) this is the trend of the Wabi.
Showing clearly a bullish pattern for the next 15 days and probably reaching a value of 0.00034 (the least) to 0.00040 (best case scenario).
It is a long term HODL and can be used also for trading (once it reach the upper side of the line SELL and if it is at the bottom BUY)
Good luck! Trade safely
BTC - Time to get greedy*We are still in ALT bull run*
If there's any news about regulation in USA or Ethereum takeover the first place then we can dip upto approx 8k. If there's a china mining ban or Korean rumours to ban crypto we could easily dip upto 5K otherwise we'll still be in ALT coin bull run. Personally we will still touch 11k-12k as the BTC is still bearish overall.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”― Warren Buffett
SALT platform launched less than 2 hours ago, price goes upSALT's platform was launched less than 2 hours ago, since then it when up for almost 3$.
SALT New Platform Between Now And December 31 Some people on Reddit/CryptoMarket seem to think that SALT could gain twice it's value between now and december 31 due to the launch of its new platform! It says on their website that their step for 2017 is to launch this platform, before launching another one (with developpement platform, API).
ETP Cyclical Long TradeETP looks to be starting a new market cycle. Let's look for another test of the max consolidation line (orange) where we will also find the uptrend line, and get involved from the bottom. We are looking for the market to swing back around to the 0.618 (MFR).
Cheers and GLWT!
-Erik
My Analysis on the Future of AltcoinsWho remembers Bitcoin in early 2015? Crazy to look back and remember there was a time in which nobody really knew what Bitcoin was.
Below I will update with my personal analysis on Altcoin markets and the direction i believe we are headed.
