Okcash
MOOOOOKOOOON Daily, long term wedge after it seems OKcash found its floor.
Im long on okbtc for January 2018 with target of the green moon labelled in the chart :)
Happy new years!
PS: I will be doing Monthly altcoins that i will be investing in and posting my analysis on here. lets all profit together!
OkCash BitcoinOKCash is at an interesting level. We can either see continuation down the channel if prices break support level at 0.00002535 BTC
or we can see momentum continuing upwards if price bounces off the support level at 0.00002535 BTC.
This crypto has a maximum supply of 105,000,000 coins meaning that it is rather volatile to price movements but not to little to suddenly crash overnight.
A coin with a supply between 100 mil to 400 mil are much more stable typically but still low enough to move within few days.
A good entry point will be once price bounces of support level and breaks the bearish channel.
BTC:1Erm4VB2v3JRDjnstaL7xnauSvomMDkvQu
LTC:LhkMKHtEQ7SJnEFntoUBhG17oXdwmdHysV
ETH: 0x8026962e8CC6B4A6b32E481A02B04C139D5c81Bb
NEO: AMXPkqwDYHnp5GCu8f89idwueBEGcoCLRG
OKBTC OKCash. Rising WedgeSo, generally what I see from graph is, OKBTC has bounced from upper wedge till half of channel and then it changed it's trend to upward.
From cycles indicator it's obvious that OKBTC confirmed bullish trend and may go higher than 9k. However, it may go till lower edge, because it didn't touch lower edge yet.
For sure, you can buy some for 1-2 weeks and sell for 40%-50%. Good luck.
OKCASH head and shoulders anti dandruff= moon?OKCASH has been trading down vs BTC for a few days now. On t he one day chart we see it is extremely underbought. This slide could continue, however with a BTC correction after this speculative run OKCASH should bounce. We see a potential head and shoulders trend with this third bounce being the last shoulder. Note the unbroken trendline in blue that has been tested three times. This will be interesting. A bounce would most likely not be much of a breakout as an uptrend in trading would most likely be purely speculative as OKCASH has not announced that any major news is on the way. Note the MACD is close to reset at zero.
A dip below 3000 sats imo is a strong signal this downward trend will continue.
With a trend reversal upwards i expect the shoulder to inflect around 4200 sats.
OKCash Possible Breakout of Falling WedgeOKBTC may have just broken out of a falling wedge coinciding with a bounce off a fib level (50%). This coupled with the upcoming birthday announcement could mean OK may retest earlier highs. Like most new events in crypto, this will probably be a sell the news situation where we will see accumulation until the announcement is made.
Entry: < 5600-5700
TP1: 6000
TP2: 6500
TP3: 7000
Target: 8000
MOON: >9000 (in the event of spectacular news...)