For the past few days the volatility of NEM has been decreasing. I think that we can see a triangle-pattern on the chart. This could be a signal for a long trade.
BUY:
~10500 as 0.5 level of Fibo
~9700 as 0.382 level of Fibo (less likely)
TARGETS:
~13500 as last high
~18000 (long term) as 1.618 Fibo
After hitting the dip at the beginning of November, WAVES has been growing. I think that the correction movement of the past 2 weeks is going to stop at 0,5 level of Fibonacci as WAVES has successfully tested this support level.
Targets are:
last high at ~109k which is in the traffic zone of August-October
~136k as top of the traffic zone
~150k as 1.618 level...
Monero after such a rapid growth since November has corrected almost down to 0.382 Fibo level. Since 22 December it has been consolidating between around 280 and 390 dollars. Volumes are low so I think it will take some time to gather all the strength to grow further.
I will strengthen my longs at 0.618 Fibo and at the zone between 290 and 320 dollars.
The targets...
At 1H-timeframe we can see that WAVES bounces from the resistance level at ~104k down to ~96k. I think it's a nice trade opportunity.
BUYZONE: around 96k
Take-profit: around 106k
If we look at the 1W-timeframe chart, we would see that ZCash had a huge wave last summer. This winter it hit all time low (talking about BTC here). Looks like a nice long-term trade.
Yellow - Support/Resistance levels at 1W timeframe.
Purple - Support/Resistance levels at 1D timeframe (Looking for a good entry point. However, for long-term trade a good buypoint...
