Hello Lads and Ladies! As we see here, we have strong support line at 0.006650 that has triggered a strong breakout. Right now we are almost about to enter that zone again. NEO Volume is in comparison very low and the price as well as the RSI seem to drop steadily. I would not imagine it crossing the support line at 0.006650, after it has been on a well respected...
To be honest, we have time panels within a channel. If it just keeps on moving in that direction, it will take a while until something has a chance to happen. If it breaks out soon, we could see a pretty nice recovery, if it breaks down, RIP soon recovery and it will take a little while, until we get into the channel and then have the chance to go up...
The fib resistance fan go respected really well on ENJ. So right now we are hitting resistance and will most likely see a small retracement. Either to the formed channel (support yellow) or actually to the 0.61 fibs. From there we should see movement up, here again the classic resistance lines are the ones to watch out for and the fibs too. Looking at RSI we can...
The coin got just listed and really lacks some volume so I wouldn't get into it because my strategy is trading only high volume coins. Here one big player could simply wreck the whole TA. ANYHOW, we can see a clear cycle here (as far as the chart allows us). So to be honest, either it will break out soon or it will break down to 100 or 127 fibs and then shoot up...
I am mostly long on this position, it might have the long moon-breakout soon, this would be a good starting point for it to do so. Anyhow, I would still watch the price carefully and it breaks the support, it will have another retracement. Keep in mind the bullish forecast for BTC in May every year after consensus. This could break the resistance. Apart from that...
Will see if it bounces back at 755, if it doesn't hold there, next support will be at 731-724 (also my buy zone) here you will very likely see a bounce back up. Should it retest and NOT hold the support line, it will go down to 666 (unlikely tho).
What's up lads and ladies! In my eyes this is a pretty obvious cup and handle formation, backed with overlapping fib lines. In general ADA is right now in a retracement, but there are no project based reasons to be in a downtrend, this speaks for a "comeback" and the here seen cup and handle formation. ANYHOW right now I would and will myself wait until and...