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Altoins

Altcoins possible trend reversalWith a lot of altcoins reaching new ATLs every month, we now might be able to look for a bottom. Steem is giving us a good example of RSI and MACD bullish divergence which is also vidible on 1D timeframe. Short term the price should reach at least top of the falling channel, but it also could signal trend reversal and possible bullrun, and not only for Steem but also for a bunch of other markets. Similiar patterns are visible on 4H and 1D timeframes for XEM, BAT, DGB, ENJ, XTZ, TRX or WAXP. So I guess it's a good moment to put a few more coins to your watchlist.
Long
by Wonsu
3
Bullish pattern apparent for altcoins - can it break out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
CRYPTOCAP:TOTAL2Long
by CryptoRush_
WAVESUSDT forming bullish BAT | Upto 22% move aheadWorld's 46th ranked cryptocurrency Waves is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon. Lets have a look on the Waves price action's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection (here at B to C leg I have ignored some extra spike coz all other legs are driven perfectly as required for BAT) and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.8865 to $0.8583 Sell between: $0.9538 to $1.0548 So this trade has potential to give upto 22% big bullish move. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
WLong
by moon333
3