Anywhere above the blue trend line is good for a buy. Anything below it cancels the idea. Great R:R ratio, look for volume increase.
Breaking above the top resistance line (ATH in the chart) is a signal to be looking for a buy. Really needs not a lot of explanation, these coins have insane rip once it finds no ceiling. Trade at your own risk, pull backs of at least 33% on the same day, if getting caught buying at the top, are not unusual. These ideas are only for daytraders /scalpers.
NAV BTC Breaking Out, looking for a retracement end of today after it hits 1.618 as I believe it will continue higher into tomorrow at least into 2.168 Fib extension
Given the daily range of RISE, I would expect a probable 1st fake breakout, then if it consolidates at the top, would potentially gather enough energy for the real break-out. Plan is to enter long after the 2nd breakout.
Long only after breaking above today's high again and we should see continuation higher. Not great 1:2 risk-to-reward ratio, but a high probability trade imho
Looking for a new higher high on the daily. Breaking above two consecutive ones, and increase of Volume, there's a good chance to shoot up. I personally like this coin project objectives as it has real world application. Currently not holding any, but looking to add to my portfolio for the longer term. For the short term trade, there is a potential 1:4 risk to...
Buy at the base of the green arrow if you are a bull Sell at the base of the red arrow if you are a bear Good Luck
Tight Stop Loss, just below the recent low. If it takes too long to snap back and forms a bear flag then trade is off
Santiment is a recently ICO'd coin, looking good from the technical side and poised for a break out above resistance line shown
Most noise I hear out there is that Ripple is hard to love, except for the hard core believers. I only look at charts and let it tell me if there is a potential buy or not. Once it breaks the multi-day down trend line, we should see some upward movement. I'm planning to get in if this happens, as it also coincides with low resistance areas above until it hits T1....
Since ETH/USD ran from 177.50 to a high of 258 (45.4%), I expect today to be a digestion day, most likely trending lower to test S1 around 190-210. If it can hold the 200 area, I think we will see more upside very soon. Nonetheless, a break below 200 will test S2 area around 160-180. Even still, the trend reversal has happened, but it needs to hold 160 at the...
Getting overbought and running into resistance lines above. Good for a scalp, but can leave some for possible leg down. ETH has broken downtrendline. Finally! But it needs to close above 240 for trend reversal and we are not there yet.
Just a quick update on where we are on BTCUSD; looking for 2320 at the POC (Point of Control) to reach Balance. I think we will get there soon as it is getting closer as I am writing this, perhaps with an overshoot to near 2420 before taking a rest and retracing a bit. There is a strong resistance level which also coincides with the downtrend line (shown in blue)....
Needs to hold here to continue minor uptrend channel, otherwise testing of yesterdays low is possible
Pretty much self-explanatory, I hope
With HVN located at 2478, BTCUSD is finding balance around this area and building pressure that will very likely fuel the next move. Currently there is Neutral Bias with a slight tendency towards Bearish, but either breakout or breakdown are valid. I have plotted several areas of support, but would ignore S1 as we are approaching resolution time. S2 would be my...
After the plan I posted yesterday didn't pan out entirely (hoping it would pull back at around 237 in order to buy, I had a guy telling me he sold his profits at 235 and seemed to regret he did since it ripped to 270 area; guys I am not here to tell you what to do, follow your own trade plan. The call for a buy setup forming did pan out nonetheless. My...