Looking to catch a 1.5:1 short trade setup on USDJPY Pretty clear and common pattern forming, so I'm hoping to catch a bid and ride a continuation leg to the downside. Initial target is a long term S/R level @ 107.01
Over the last few months a clear consolidation pattern has emerged. I'm fairly optimistic about our chances of retesting resistance later this month.
Assuming the USD (DXY) continues to show strength in this week and in the near future, I will be looking to enter this market as a slightly longer-term position. If I don't get my desired entry around the 0.382 fib level, an alternative (and potentially safer) entry would be to wait for confirmation of a breakout to the upside and likely retest resistance.
> 2+ Week retrace for Monero, forming a falling wedge. > Reentering previous accumulation zone sub 0.025 $BTC.
> Bitcoin forming an ascending triangle = another bullish consolidation pattern with $10k acting as psychological resistance. > Assuming we break to the upside, the area to watch is between $10.2k - $10.7k where I expect we'll see a lot of profit taking.
> The 520-540 Satoshi level appears to be a solid entry / accumulation range for BLOCKv. > StochRSI oscillator has reset on multiple key timeframes (1D & 4h). > Currently sitting on a key Fibonacci retracement level. > Previous horizontal resistance that turned into support is now (potentially) acting as support once again. > Breakout to the upside from this...
> AdEx forming an 'Ascending Triangle'. > StochRSI oscillator looks primed (on multiple timeframes) for a move to the upside.
Following the 2017 bull-run and violent correction in Q1 of 2018, I anticipate we'll see a tightening price range for Bitcoin over the next few months.
Expecting more downside for the Dow Jones in the medium-term. Looking for discounted entries around the beginning of Q3, assuming the downtrend continues along these lines.
Things are looking quite bearish for the financial markets.
Ubiq is a decentralised platform built upon the Ethereum codebase. One of the main challenges for Ubiq is that it is operating in a very competitive and somewhat saturated DApp platform space. From a charting perspective it is currently facing a long-term downtrend resistance line. I'm fairly confident that it will break through this area to the upside at some...
My take on ZCash is that it is a solid Crypto Currency that's competing for market share in the highly competitive "Privacy Coin" space. In that context, my preference with $ZEC is not to hold it indefinitely but rather trade it based on historical 'Support & Resistance' levels. Now that #AltSeason has begun, I suspect we will eventually see $ZEC breakthrough...
Following-on from its successful launch and fantastic run-up in the Crypto markets in the second half of 2017, $OMG has been able to quickly establish itself as a kind of "non-controversial" token, which most Crypto Currency enthusiasts accept as one that has a very good chance of delivering on that coveted promise of "Real World Adoption". OmiseGO has many...
2017 was a huge year for Stratis, establishing itself as one of the leading 'Blockchain Application Platforms' in the Crypto space. After peaking in June, $STRAT fell victim to the downtrend that plagued the entire Altcoin market over the next few months. In early November Stratis began to gain some momentum, making $STRAT one of the first handful of tokens to...
Potential 'Wave 5' incoming for ZRX. For more information about 0x go to: 0xproject.com
Fundamentally, the Kyber Network Project revolves around the formation of a Decentralised Exchange (DEX). For those that aren't aware what this means: (A) I highly recommend doing a bit of research into this topic. (B) I believe 'Decentralised Exchanges' are going to be very successful at creating a "Buzz" in the Crypto Community, considering one of the main...
Following the 3 month long down-trend in the Altcoin markets that began in mid-September, $LSK was one of the first Altcoins to bounce back towards previous all time high levels. After spending two weeks in a 'Bullish Pennant' / Consolidation Pattern, Lisk broke-out to the upside today to once again challenge its long-term resistance trend line around all time...
$POWR has achieved a new all time high today and I believe there's more to come. For more information go to: powerledger.io