Not much trading data on this coin yet and it's only on dexes and smaller exchanges. I'm quite bullish on the fundamentals and the technicals are starting to look good with a breakout from a falling wedge and a retest. I don't know whether this will fly or fall to the ground, but a 5x would not surprise me if the market goes bullish again and potentially a 100x...
ALNY put in a new ATH as expected. A big bearish divergence played out after hitting the 1.618 fib extension plunging it all the way down to ~$155 and reaching oversold on the RSI. It resumed the uptrend as it followed a new trend line, which it broke as the S&P plunged on 3rd December. However, it seems to be recovering quickly and if it can break the important...
ALNY is in a multi-year uptrend and it seems possible that a new ATH will be reached this year. Bullish signs: 1) Bounce on the multi-year-trend-line (in black). 2) Trading above 20 + 50 EMA on daily, weekly and monthly. 3) Correction since january has reset the RSI. 4) Month of may forms a dragonfly doji. What we'd like to see: a) A higher high and a higher...
Idea on the chart. Note: Price action will depend on the market in general. The market (TOTAL, TOTAL2) seems to have bottomed for now and ready for reversal. If this is not the case and TOTAL2 drops below 1.11T (lower low) this idea is invalidated.
After a parabolic rise I think it might be time to cool off. RSI is above 90 on the daily. Back in february this resulted in a 50% drop. With today's huge increase I see BTT correcting up to 50% again within the next days. There's support around 0.007 and 0.005, so layered buy orders in that range might be good. I don't think BTT is done yet - what do you think?
ETH has bounced on 100MA once or twice per week the past month, but has put some distance to the MAs and I think there might be another burst up to around 1900 before it comes down and bounces again.
As expected VELO fell again today. There was not a lot of support around 2.5 and with such a red day (-8.58%) I expect it to fall further before finding stronger support. I will be looking to re-enter when buying volume increases, either in the 2.2-2.3 area or in the 1.9-2.0 area. Short term bearish, long term bullish.
VELO has been bullish since october, continously making higher highs and higher lows. The annual report was released wednesday (27.02.19) and caused the stock to drop ~15% the following day. The report held no surprises, however, as everything is on track and it can only be a surprise to the very uninformed investors that revenue is yet far from matching the...
Friday 15th march VELO broke MA50 and the previous trendchannel. I'm expecting it to drop further and find support around the next fib level (~2,55).
Tuesday the annual earnings report was released and the stock jumped 17,6%. Several finincial institutions have increased their price targets, e.g. Danske Bank from 310 to 365, and a lot of large players are heavily invested. On the other hand, american hedgefond, Coltrane Asset Management, increased their short position yesterday. The stock is now at an...