AwesomeTrade

AwesomeTrade

If BCH break support line we enter short position. If it breaks falling triangle we can enter new position for a short time trade in the channel. If it breaks channel up we have additional confirmation to enter a new positon. Target the top of the channel and the ATH.

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Hi guys, with BTC all go down. If BTC holds hovering above 4100 USD this could be the very bottom according to price movement measured with a trading volume. There is only one volume indicator on my 3H chart due to restrictions of the platform but I used more and all give the same information - with every other fall in price the volume is falling down too. Also on...

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We saw a great move by XRP based on the 'news' which turned out to be a garbage. Not bad hitting 0.28+ USD area just from scratch at 0.15 USD. What can we see on the chart? Firts of all previously charted Fibonacci levels work fine. Currently we are supported by blue dotted line with a supply zone around 0.25 level. If there is a big green candle braking...

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We saw a nice run by IOTA in the previous week. After hitting an ATH (AllTimeHigh) 1.1+ it is slowly following the Descending triangle. What does it mean? A Descending triangle belongs to the bearish signs. It takes up to weeks to form that pattern. The height of the pattern is given by its previous top point and the horizontal line which makes the support....

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Hi guys, OmiseGO managed to stabilise itself in a sideways movement. Retracement was stopped after Thai minister of finnance gave it its support. What' gonna happend next ? We can see that the sideways movement is coming to an end. It created a roughly Simmetrical triangle whose sides are made of an uptrend line and a falling resistance line. It is...

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Interesting times, volatile markets , lots of fear and opportunities. There could be an interesting buying opportunity if OMG manage to stay in the ascending channel. The green line is a bullish confirmation and could mean another rise in value. Stop loses if OMG break out the channel. Next Fibbonacci level is deep deep deep... Good luck and peace! ...

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Hello everyone, if you followed my last XRP chart from August 8 you are involved in the last 40 % gain so far. Alternatively you loaded yourself up during testing the main support around 0,15 USD. It was a little bit risky move due to bullish confirmation zone being at 0,20 but it made us a decent profit already as we bought in 3 - 4 days ago. What can we...

AwesomeTrade

What goes up too fast, holds there too short. Short it as f, it will fall like a duck ;) Channel support possible. Moles digging there :D

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We watch IOTA closely for the last few days. After 48 hours being stagnant just a tad over 1 USD border there is price decline right now. First we need to consider the situation here. We are moving through the channel since the beggining of the rise. As we can see 3 parallel floors were created. Slowing down means we stay somewhere in the middle floor. Testing...

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BTC is on fire gaining 25% / 1000 USD during four days. It caused a major fall of many binded currencies. We can expect a kind of slow down or correction of this growth. And the effect on NEM can be very profound. We used our previous chart to look at current situation. The market roughly followed our suggested directions. Right now we are touching a long...

AwesomeTrade

IOTA made a nice channel run. It made 200% in 10 days . Steadily pushing upward, not many brakes. If we didn't manage to get in during the light pullbacks or if we tried to short the market we proly had a hard time watching it from distance. Now we can see a possibility to enter the market if the price come any close to the lower trend line. We can see...

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After falling down in a channel, ZCash managed to break out. Since then we can see an ascending triangle forming - a bullish sign. Volatility is getting lower and we could expect a final attempt to break through the resistance level. Stochastic RSI supports our expected next move back to the trend line before the end of the pattern. After breaking 222 ...

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We can see a clear falling wedge which is a bullish sign . The lower trendline is flatter as bears are not able to push the price lower. We are coming to the end of the pattern. We could expect a break out . If the market manage to cross the upper trendline supported with volume and a few successively rising candles we could enter a new bull run. In the other...

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Double top could be a possible reversal of the upgoing trend. A significant slow down at least. We are closing the rest of our long position for now locking ourself in a decent profit. At the current market situation there could be a nice re-entry point reached soon. Still there is a possibility of staying in the channel. Good luck and peace!

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after hitting double top.

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RSI on 3 hour chart is on its half way from an oversold area. On 6 hour chart there is only a beggining of the changed direction. This is a very high game with strong temptation to get in. We need to realize that market was pushing full speed ahead for the last few days and yesterday we started to see first signs of exhaustion . If you managed to stay out...

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There might be a chance to enter a long trade here but first let's examine the 4H chart a little bit. We can see an unperfect possibility of the Head And Shoulders formation which is coming to an end near the trend line. This is in correlation with the Fibbonacci level . Inside the right 'shoulder' we can see an inperfect descending wedge. Bulls and Bears are...

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Ascending wedge (bearisch) transformed into ascending channel (bullish)?