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OmiseGo what direction does you choose?After a prolonged fall, OMG reached the global support zone on which it resisted and formed a double bottom. Now we see the movement up the ascending channel, as well as the figure of the wedge. At the moment we can expect a correction to the movement to 0.786 Fibo level with the subsequent increase to the upper border of the wedge 0.618 level of Fibo. When it breaks through, the line of global resistance will also be broken, if it is not pierced, that is, the option to go down again to the level of global support.
by talktocrypto
Ethereum Classic, the sleeping giant?One coin that stands out durring these crazy times are ETC. Ethereum has had a ATH of 1280$ (BITFINEX) and yesterday we saw a crazy pump into ETC, but due to BTC crash ETC had to go back to sleep. This coin has been the victim of alot of FUD. Its a fork of Ethereum. ETC has a great team and a great vision, but there are problems. Lets ETH implements POS. That would leave ETC hanging, but i think the team of ETC has been working on something big and only time will tell if ETC will be in the race towards a decentralized future. If we take ETH prices, and lets just say ETC should be around 10% of what ETH price is today. Thats around 100$ + So i think there is a lot of room for grow around this coin. Im long on this. Positions opened at 2$, 10$ and 27$. This is not financial advice, i live in my moms basement and i trade like a maniac. You should do a ton of research before investing any amount. Good luck out there, If you found this analyst interesting, PLEASE LEAVE A LIKE! :-)
KRAKEN:ETCUSD
by CandleJoey
1
Gold Retracement Before DropThe beginning of October saw Gold making a bearish break of the descending triangle following positive data from the US to support a December rate hike. Since then, Gold has slowly retraced and is now hovering around the 200 day moving average. As India begins its Diwali festival and continues through the wedding season, Gold demand is expected to increase. Along with this, a rate hike is not expected in the US until after the presidential election. This supports a short term upwards movement of gold and a retest of the broken trend line before a drop towards 1200 dollars.
OANDA:XAUUSDShort
by priyesh
GER30 CRITICAL POINT OF INTEREST (DAILY) Buyer optimism and momentum meeting strong resistance. Shorting the bounce off major level, back towards the 10400. Along with the stochastic levels rapidly approaching overbought, thus confirming further my position when this level is approached. a triple top formation seems to be forming on a longer time scale possibly this pattern leading to a large sell off on this index. Price action will be close monitored before the position is taken. ****************************************************************************************************************** A break of the trend line will need to be occur along with a bearish candlestick pattern to confirm the inevitable downward momentum which will follow as long as major levels are broken.
FX:GER30Short
by ADAMMAC
TSLA Cup and Handle 2.0In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA CEO Elon Musk said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla time, is actually "Late July".
NASDAQ:TSLALong
by 32no
4