already posted it before, but still a good potential. 4HR squeeze on the BB --> Volatility. Pattern happened two times now. BUT the difference now --> still in a bear market, so the target is rather optimistic then realistic. Also in april alts where much stronger then they are now. So take profits now and then and set a stop loss. High Risk, High Reward trade.
Squeeze forming on the BB Daily. So this means volatility is coming soon. Seeing this pattern it is more likely XLM will break upwards, but it is all depending on BTC. But in comparison to other alts, XLM is pretty strong against downwards movements from BTC. If XLM breaks downwards I'm still holding towards resistance (~3000).
A rough sketch of the potential movement of ZCL. This is a high risk investment. A poor surprise will probably cause a aggressive dump. A good surprise will probably cause a rise, but watch out for buy the rumor sell the news concept. After that the exchange listings. Same story as the surprise. After the news a dump could appear depending on wich exchanges...
The Bittrex chart shows that POWR, one of the most promising projects, is at the very bottom right now. Waiting for a clean reversal sign for opening a position.
BTC bounced off a important support wich gives me a sight that BTC is still strong at this moment.
An interesting pattern can be spotted by XEM. My point of view right now: It depends on BTC now. If BTC remains stable/above the 6K area, The area where XEM is in right now would be a good buy moment. If not --> The next area is in play for XEM....
two scenarios described in the chart
Looking for a buy at the green box. Tight stop loss if price gets below area given in the chart. This is probably not the last run up before the fork, so keep an eye on ZCL till september.
Buy : 6600-7000 area. From there, if history repeats, a 400%+ is very likely. Keeping my eye on GRS.
I spotted three kinds of resistance at this very moment. The one with the trend line, My resistance area and the cloud resistance. If BTC can break through this, I'm definitely positive on the further price action.
If Zilliqa stays in the triangle a breakout will be inenvitable. Probably surpassing the ATH. But if it breaks down the next strong support will be at around 725 satoshi. Histogram looks good and OBV aswell so I'm more leaning towards scenario 1, but first waiting on how the daily closes. Scenario 2 is not off the table yet. absolute low would be around 660
Targets and timeframe are probably going to be very different as seen in the chart. This is just to point out the direction of XLM. But the targets could play out. In the period of september till januari 2017 we've seen a 8000% rise in USD price. A rise towards 9.44$ is 'only' a 3000% rise from this point.
DARY. Falling wedge, bullish divergences on Histogram and OBV on the weekly chart. I expect a beautiful second half year for Stratis reaching further beyond the ATH. But first waiting if the USD price breaks through the falling wedge. Main resistance area is around 3.50$-4$
2 scenarios. 1 is more likely --> few days of sideways and then upwards - OBV bullish divergence on daily and weekly now. - RSI double bottom 2: 40%+ fallback to the support area --> few days sideways and then upwards.
Coming days will be excited for ETH. If a breakout will happen it will be likely in begin august
Man I was wrong about VEN earlier so here is a update: Keeps dropping down even though the RSI is very low and oversold (13.6) Bull divergence on SMI for now.. Seeing some thin supports wich might indicate a bounce in that area but otherwise towards the red area --> around 15K satoshi. Thin supports where VEN might bounce: - Current area: 21K - 18K - 16K...
Currently in the support area so it's really tricky right now. If the daily closes like this there is a change the bull divergences will be in play. That means probably some more accumulation before breaking out big --> before the fork --> massive dump near or after the fork. Failing could bring the price below 95K, so please set stop losses. Nothing is for sure.