Popped up on my volume radar with a 2-3x increase over the last few days. Lists on OKEX, Bitfinex and HITBTC (the majority of the volume being on OKEX).
There was an Adam and Eve bottom followed by a rally at the end of June hitting previous resistance and the trendline - possibly wave 1 of an Elliott sequence. The June rally subsequently landed on the 61.8% fib potentially completing wave 2. The last few days have confirmed the trend line and the increased volume shows growing interest in breaking this.
Indicators on the higher timeframes don't look great, although this often happens in the early stages of a strong rally. However on the hourly, looking at the previous rally (late June), the volume and indicators are similarly positioned today.
Good reviews accompanied the release earlier this year and include Pantera Capital and QTUM as investors. This is a risky bet, no doubt, however I'm working on a volume strategy to catch potential coins early. Previous high is 2.5x current price, after that no resistance. Keep a tight stop loss.
There was an Adam and Eve bottom followed by a rally at the end of June hitting previous resistance and the trendline - possibly wave 1 of an Elliott sequence. The June rally subsequently landed on the 61.8% fib potentially completing wave 2. The last few days have confirmed the trend line and the increased volume shows growing interest in breaking this.
Indicators on the higher timeframes don't look great, although this often happens in the early stages of a strong rally. However on the hourly, looking at the previous rally (late June), the volume and indicators are similarly positioned today.
Good reviews accompanied the release earlier this year and include Pantera Capital and QTUM as investors. This is a risky bet, no doubt, however I'm working on a volume strategy to catch potential coins early. Previous high is 2.5x current price, after that no resistance. Keep a tight stop loss.
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