WAVESBTC Correction and growth.WAVESBTC Correction and growth.
Hello.
Many of my subscribers asked me to update the analysis for this coin. At your request, I do this express analysis.
In less than a month, the Waves were able to rise by more than 75%.
For this coin, this is a good result, and after a rapid price rise in late April, many traders wanted to fix their profits.
After that, the price again began to grow, but without ever renewing its high, it began a smooth descent. As a result of such movements in the market, the price painted a pattern very similar to "Adam and EVA." This is a pattern that may indicate a change in the local trend, but markets would not be markets if they could be so easily predicted. And even the most accurate pattern always requires confirmation and more detailed analysis.
As you may have noticed, I really like to use the Fibonacci distribution levels for analysis. In this case, I will also use this tool.
Since entering the Binance market, the waves have reached their peak by mid-December 2017, after which they have gone into a downward trend along with the rest of the market. This situation lasted until the end of March - early April 2018, when the volume of trading on this coin significantly increased.
April 10, the price could go beyond the downtrend and by April 20, testing 21.6% of the Fibonacci level. The market is not enough for the time yet, and naturally, it was not possible to break this level from the first time. The price was lower but did not go down to the level of previous lows. This was a good testimony to the serious mood of buyers and again pushed the price up. However, the second time to overcome this level did not happen. the price fell again and again to the level of 5620 satosh, while confirming the formation of a good level of support. It is especially noteworthy that this level during the previous month acted as a resistance level.
For the third time, buyers of a little bit failed to reach 6,340 Satoshi, which became a local resistance, and there was a false turn, the task of which was to drop especially hypocritical buyers. After that, the price quickly rushed up and rose more than 50%.
Perfectly!
It is especially interesting that the price could break 61.8% of Fibo, and if buyers could hold this position, we could see a stunning growth to new heights. However, this did not happen. The price dropped, and fell to the level of 38.2% Fibo. The buyers kept the fall and resumed growth. However, in the second time, 61.8% failed to break through the level. The price went down, reflected from 38.2%, but lonely buyers could not hold back the fall for a long time and the price fell lower.
I see two main scenarios.
1. The price falls to a new level of support for 6340 satosh, where buyers consolidate and push it up.
2. Sellers sell this level of support and the price falls lower to a stronger level of support for 5640 satosh. In this case, we will get an even better offer to buy.
I consider any other scenarios to be more risky, and in case of resumption of growth from the current level I will consider the possibility of entry only after fixing the price above 8400 Satoshi.
Always assess the risks, only if you have a trading strategy, fix profit in time and get only positive emotions from the trade.
Good luck and good trading!
GOOD
EMC2BTC 37% + 154% +EMC2BTC 37% + 154% +
We have a local equilateral triangle inside a large triangle. If he breaks through, his strength may be enough to go beyond the large triangle and this will be a good signal for a big move up.
If it is knocked down, then we will have a good opportunity to purchase at the support line.
Enter the trade according to your trading plan and always consider the risks.
In time, take profits and get pleasure from trading.
All good luck and good trade.
90% for 3 months!90% for 3 months!
We can try to buy closer to 7800. Strong support, trend line, 50 MA.
If support does not stand up, then a very good purchase is about 6500, but this is unlikely.
The first target is 9200, but buyers have already broken the resistance at this level and I think they will manage again.
Sale of 10 800 - 11 300, after which another correction is likely during which we will be able to reboot and move on to 14 000-15 000.
You have to be careful, you can manipulate the price, the task of which is to knock us out of balance. Therefore, it is very important to have your own trading plan and be sure to adhere to it.
Good luck and good trading!
TRIGBTC ?TRIGBTC ?
Hello everybody!
At your request, I do an express analysis and a schedule for this coin!
Judging by the local triple top, I consider a decrease to the support level of 900-1000 Satoshi quite likely.
Confused only Stochastic RCI, which speaks of oversold coins. if buyers are more active, then growth from the level of 1300-1400 Satoshi is possible, however, entry at this level is more risky and not every trading strategy will allow it.
All good luck and good trade.
NANOBTC 20% + 50% +NANOBTC 20% + 50% +
Nano shows stable growth and has been testing 61.8% of local Fibo for some time. RSI shows a small overbought and as soon as it is possible to reduce it, growth can continue to these positions.
Enter the trade according to your trading plan and always consider the risks.
All good luck and good trade.
CLOAKBTC 42% + 153% +CLOAKBTC 42% + 153% +
After a large pump and correction, the price seems to be ready to go up again!
Enter the trade according to your trading plan and always consider the risks.
In time, take profits and get pleasure from trading.
All good luck and good trade.
STORJBTC 30% + 120% +STORJBTC 30% + 120% +
It looks like STORGE has built a new support line and is going to continue to grow. In case of breaking the triangle, a good income awaits us.
Enter the trade according to your trading plan and always consider the risks.
In time, take profits and get pleasure from trading.
All good luck and good trade.
ADTBTC 40% + 100%+ADTBTC 40% + 100%+
Good day!
ADT seems to be preparing for the next jump. He has been moving in lateral movement for more than 2 weeks and seems to have found support at 342 satoshi level. The Bollinger bands are narrowing, although they are still looking down. RSI is in the oversold zone, but this did not prevent the last ascent.
In the event of a fall, the next support line is at 240 Satoshi.
We will continue to follow this coin, and if it gives additional signals we will be able to enter the game.
Good luck and good trading!
INSBTC 40% + 70% + 100% +INSBTC 40% + 70% + 100% +
Good day to all!
INS is at an interesting level.
The volumes fell, the bollinger tapers, the price slowly approaches the local 0.236 FIBO.
9 MA crossed 50 MA and the middle of the Bollinger channel on the 12 hour chart. All this indicates the possibility of lumbago.
The only thing that confuses is the oversold RSI.
It would be ideal to get rid of it and then you can start flying.
Enter the game only if you have a good plan!
Manage risk!
Take care of capital!
Earn!
Good luck and good trading!
IOPBTC 23% +49% +100% + 175% +IOPBTC 23% +49% +100% + 175% +
Hello!
Another coin in a good zone to start trading. The price tested the descending trendline and touched the border 0.236 FIBO.
Now there may be a small rollback and consolidation, after which we must go beyond the downtrend, which will allow us to overcome the resistance level more easily. Having entrenched above this level, we will be able to continue our journey.
You can buy coins after fastening above 34400 satosh or below, as close as possible to 20,000 satosh if the price goes down.
Stick to your trading plan and assess the risks.
All good luck and good trade.
MUSICBTC 44% + 80% + 196% +MUSICBTC 44% + 80% + 196% +
We found a new level of support from which we tried to start growth. The price tested 220 satoshi and slightly rolled away. For more confident growth, we need to gain a foothold at this level or higher.
In the event of a fall, we have two levels of support for 138 and 98 Satoshi.
We use stop loss.
Expect the risks according to your trading plan.
All good luck and good trade.
OKBTC 42% + 99% + 142% +OKBTC 42% + 99% + 142% +
Hello everybody!
The market sends us many good signals today, it is difficult to cover and consider everything, but it is not necessary. We choose the best and invest, but not all of the deposit. Manage the risks, enter into several transactions. Use stop loss.
Good luck and good trading.
CNDBTC 50% + 70% + 100% + 150% +CNDBTC 50% + 70% + 100% + 150% +
Hello everybody!
If you manage to consolidate in the current area, then we expect a good growth of more than 150%.
If the first time buyers do not have enough strength to hold positions, then there may be a new opportunity to buy from a strong support line.
Trade according to your trading plan, use stop loss and lock in profits.
Good luck and good trading!
CANNBTC 72% + 214% + 393% +CANNBTC 72% + 214% + 393% +
A cheerful coin that will always help raise the Mood!
Good luck and good trading!