obvious don't you think?Honestly, BCH is about to see a "jump" so to speak. Following this "jump", it'll crash but if you look at the long term support line which is the long blue line I laid out, you can see why the red line makes sense. I mean to me, it's kind of obvious but this is simply speculation. don't take my word for it, it's just a feeling.
Potentialbreakout
VET/USD - "Is VECHAIN about to pump or dump?"I've been following VET since it started trading below it's previous support line a few weeks back.
It has now climbed back to that original support line and should test over the next few hrs or days as to whether it gets rejected (Creating an entry back at Support) or breaks out for some potential gains.
I'd preferably be taking a position at one of the support level's but if it breaks from this 60 day resistance level we could potentially see some solid profits as it moves to the next resistance level.
Thoughts and feedback welcome.
Bingaz.
SC/USD- SIACOIN- Potential Breakout Upcoming?SIACOIN has seen some solid gains over the last few weeks as it appears to move back to previous resistance.
If it can break through this level there is potential for it to play out as indicated.
I'll be watching for a retrace to a suitable entry position or alternately move on the push above current resistance.
Caution advised picking an entry point as the recent pumps put it into a higher risk category.
As always, just my thoughts.
Do your own research and trade within your means.
This is not financial advice.
Feedback and opinions welcomed,
Bingaz.
TNTUSD - Tierion Round 2- Entry IdeaTierion - Potential - Risk/Reward
Tierion has seen a massive pump and dump this month previously, it's now trading below support levels and even a move back towards the 200 SMA would see double digits gains. Whilst many have made their money and moved on this month there would be a contingent that unfortunately rode it all the way down like Major Kong in Dr Strangelove and those HODLing Cowboys mean that renewed interest into this next breakout could see it trading back at support or even mid level of original pump.
Charts would indicate a potential turning of the downtrend.
As usual tight stop losses in place, but I'd like to think we are near bottom here.
Keep an eye out and caution advised during the volatility we are currently in and take profits structured at your own levels.
Any thoughts welcomed.
Happy Trading.
Bingaz.
HTHT, Huazhu Group Ltd - Symmetrical Triangle in formationNASDAQ:HTHT
The technical analysis aims to analyze and understand, through the analysis of the charts, the trend of prices, which in turn reflects the decisions of investors; it is also based on the fundamental assumption that, since the behavior of investors is repeated over time, when certain chart conditions occur, prices will also move accordingly.
Good Trading at All!
Just buy it and you will be rich in next years its simpleI had good rumours about CHL future, 1000% profit is pretty much min. because ath was 71 euro, good luck ;)
TNB - News? Time New Bank BITFINEX:TNBUSD is going up and looking to cross on RSI and MACD, also if it can break the resistance level at around 0.033, we could expect more up.
This project by itself has potential, it it just a bit weird for it to go up right now since BTC is consolidating at around 9500-8700 and is more likely to go down.
The reason for this potential up is because of launching of the first time trading platform - mitfund.io
Also, here you can find the news - twitter.com
Let's be careful and see how this trade will develop.
LTCUSD possible double bottom trend reversalPotential double bottom trend reversal with LTC breaking out from falling wedge. Depending on what BTC does LTC may be a step ahead of BTC in trend reversal with BTC following close behind. This is a pair to keep an eye on in the near term as there is a great deal of positive news surrounding LTC in the coming week ahead.
LTCUSD trendline Technical Analysis and BTC pair convergengeSeen here is another take on the pennant that has been developing for some time now but has still yet to develop as of yet. However in comparison to the LTC BTC trading pair there has been the development of a falling wedge simultaneously. These converging patterns could suggest a massive appreciation in value of LTC over both BTC 7.03% and USD which could develop within the next few days so this is definitely a trading pair to keep an eye on. Suggested buying zone would be just above the descending resistance line as that would be a positive indicator of breakout and upward trajectory.
LTCBTC trendline Technical Analysis and USD pair convergengeSeen here is what appears to be a falling wedge pattern which on the surface suggests a decline in value versus BTC however in comparison to the LTC USD trading pair there has been the development of a pennant pattern simultaneously. These converging patterns could suggest a massive appreciation in value of LTC over both BTC and USD which could develop within the next few days so this is definitely a trading pair to keep an eye on. Suggested buying zone would be just above the resistance line of the wedge so that would be a positive indicator of breakout and upward trajectory.
ADA - New, but weak, upward trend establishedADA has taken a battering over the last few weeks, which was to be expected after record highs. However, the natural pullback coincided with the sharp downturn in Bitcoin (and therefore the crypto market as a whole), resulting in a near free-fall in prices (45% in the last month).
However, ADA has established a new short-term upward trend, which has been confirmed via multiple signals. This should be taken with a high degree of caution, given the overall downtrend being experienced. The early signs are there of a strong recovery, but ideally we want to see stronger signals, and something akin to a breakout, before declaring a trend reversal. ADA is also linked to the wider fate of the crypto market, so a Bitcoin crash to 5.4k (50/50 possibility) would likely result in ADA following suit downwards.
I'm providing this analysis not to generate any buy signals (yet), but simply to put this on people's radar. ADA has the potential to retrace a significant amount given overall interest in the coin, which could present strong opportunities over the coming days or weeks. I highly recommend putting this one on your radar and doing your own due diligence, but be sure to confirm a trend reversal before placing a trade. You're better off missing out on 5% of profits than risk a 15% plus loss that could result if the crypto market as a whole goes down.
I'll keep watching this one and provide additional Ideas as it develops. So follow along if you would like to join in!
Cheers,
RJR
Acuity Ads bullish inverted head and shouldersTSXV:AT making bullish inverted head and shoulders but still not breaking upper resistance at 1.7 region. There was a false breakout around Christmas time and has stayed within the 1.4-1.7 channel for quite some time now.
It will probably try and retest this region again before a potential break out. This could take another several weeks.
PAY is coming close to a nice pay day!Identical pattern to MTL right now. only difference is we have a Gartley instead of a Cypher, plus no Dow confirmation. PAY will definitely start to rally if it picks up volume where the blue circles are. Once it peaks towards the previous peak, it will consolidate forming its flag or triangle. DYOR
Potcoin Good Setup for a Breakout (POT/BTC) I see Potcoin as having lots of upward movement potential according to elliott wave theory and some fibonacci extension lines. This seems like a very good setup because there is good volume present in the pumps at the waves, including consolidation. Aswell as the shift of trend which become bullish once bouncing of the long term trend line. I expect a pump and a breakout from the 2nd leg up wedge pattern.
Entry: (2800-2560) satoshi
Exit: (9935-8620) satoshi. set sell orders up there because of how potcoin and crypto can be extremely parabolic.
Stop-Loss: (2420-2320) satoshi
There are some good upcoming news about this coin, Thus making me accumilate and hold, however because of its volatility risk management is important.
OMNIBTC - Potential breakout of long term resistance?New test of a weekly resistance
Buy on confirmed breakout, or keep an eye out for consolidation (at around 0.011)
I think it's a great opportunity as OMNI is very undervalued compared to similar blockchain projects, plus no resistance above this one