RSR as well has the lowest highs as you can see by the downtrend line. Can recommed for a long positions only in a green zones with consolidation confirmation or when highest lows achieved. Would try open a short position when it breaks down a support line at price 0,00550. Also the volumes are so low, that's not good.
Could we ROCKET from here? Buyers pls start buying.
Succesfully foresaw RVN trend before, but what would happen now? Double top or the rising trend will continue? Some facts: 1. It's already -30% from the top. 2. Reached support line 3. Divergrence on 30min (can be useful)
Many traders can see this divegrence on RSI. Now we need buyers activity as more than 800 btc were sold in this hour (18:00-18:40) and only 300 were bought by market. Will it hold?
Looks easy to, but will it break out the resistance?
Locally bought a long (4h), but SL orders are ready tho if this scenario confirms or BTC continues its correction.
Be care with ADA. 1. It can go lower, (DIP ZONE) 2. It can accumulate for a long time, is it worth investing for months? 3. Let's buy only when we have confirmations and resistance break.
Accumulating zone that im not inrested in. Let's by a dip, or buy when interest fot this coin is confirmed with volumes or the resistance (red zone) is broken. A small divergence (aug20-sept7) on the RSI and 40.00 still bullish. Plese do not trust these divergence in accumulating zones. My fantasy scenario
Still accumulating in a golden zone. My LONG position will start only if we break the ressistance (red zone).
CRV at this moment is having a higher low over again and this looks pretty good to try LONG position soon.
1. Volativity on DREP goes down. 2. RSI 1W still in bullish zone 40.00 Will it ROCKET now from 0.60$ or From the support zone with a price of 0.38$ ? As the bullish triangle can end there at the end of November.
LONG or SHORT - It's a really good question here. For the Asending Triangle scenario we got all the things that we actually need. We got: 1) Highest highs 2) Highest lows 3) Petfect uptrend line The main questions are: 1) Will it go up by the trend line or BTC correction gonna break it? or 2) Can be this just a false breakdown with comeback to the trend? 3) Or...
I got some things to tell you. We got here 3 local zones: a) accumulation (golden zone); b) resistance (red zone); c) resistance break out (green zone), where the price can rapidly go high; Also we got here (subjective) downtrend line (golden line). We can accumulate for some time in a golden zone. Also there is a little chance that we can break out it down if...
Just have a look at this volume in the support from Feb 21. Would it go up after this market buy or would need to consolidate for indefinite period of time, who knows. Anyway interest for this altcoin was confirmed.
Highest lows are always a good point to buy some in these ascending triangles.
LRC still chilling under the resistance (red zone on the chart). Would look for a long position only if it breaks.