ANTBTC trade ideas
ANTBTC Aragon possible reversal and floor BTFDJust like previous GNOBTC chart we can see Aragon hitting a ATL
same set up, if BTC decreases towards high 3k area we could see more pressure on the support created by the ATL
All Aragon coins are in circulation and is not a low supply coin
Hodl's area is 0.0001 up and looking to hold until it reaches 0.001 and above
If Alt market is bullish, this one can be traded on +/- 5-15% towards 0.001
please practice proper risk management and use stop loss, there is always another entry...ALWAYS!
BTFD and enjoy your profits
Where does the downtrend stop?Looking at the day chart of Aragon/BTC you can see that since it reached the top where it's value more than doubled it went only down. The big green candle and the short uptrend gave me some hope it will turn for good at the -138.2 % fibonacci level but todays red candle destroyed it all. I guess with the current trend all about bitcoin even the -161.8 % (0.000157) is possible.
$ANT short term trading strategy Aragon helps you making money.
You can follow me on twitter if you want more charts and insights: twitter.com/taproofficial
Disclaimer: My posts are just personal thoughts and not advises. I dont suggest you to do or not do anything. Do your own research. Trade responsible.
$ANT might break out soonThis time I have a smaller coin for you all.
I've picked it up earlier this week, seeing it bottoming and starting a little upmove.
For now, it has smaller volume and not really picked up by the crowd but we all know how quick this can change in cryptos!
On the bigger timeframe we can see an early pump, followed by a deep retrace and it seems to be bottomed out. A typical pattern we see in many other alts nowadays.
On smaller timeframe we can see the candles moving towards the upper trendline, it almost broke out today and is making a correction right now. It seems to me that this is a bullish pattern and we might see continuation of the move up and maybe acceleration.
Worst cases scenario is a little more downside towards bottom level but it looks very likely to me that we'll see a break out soon.
Tradingadvice: buy a small portion on break out
Target: once picked up by the crowd and some coming developments, this might do an easy x3-x4
SL: below bottomline
ANT May Be Closing In On LiftoffWhat I See
Looking at the chart, ANT seems like a good candidate for a rocketship in the near future. The coin recently tested its floor twice in quick succession, with the 382 fib line now having been breached. My main concern is that 200MA is still well above both 50 & 7 MA, but if we begin to see a pivot from from the 2 lower lines (edit: which you can juuuuussttt start to see the beginning of now), that could change in a hurry. Volume has also made its first uptick on this 4-hour timeline and if that trend get reinforced in the next block, we may just have something brewing.
My Play (#dyor!)
I currently hold about 300 shares and have a stoploss set to 37K. I do not trade with profit goals in mind as I prefer to let the charts show me when to exit the position. This is doubly easy in this case as Aragon seems like a great project so getting "stuck" hodling it while it sorts itself out wouldn't be the worst thing in the world, even for us daytraders.
What do you guys think? Buy Or Sell?