Formed rising traingle pattern, there is volume on all rising impulses inside the traingle. Need breakout of R-resist. for confirmation, good time for start of accumulating. Do not forget about risk management!
LONG/MIDDLE TERM INVESTMENT: Middle/Long term potential of NEO. There is accumulation of positions near bottom lvl on flat background. There is opportunity to add NEO in portfolio now or wait for confirmation - breakthrough 1st target. Use targets on the chart as middle/long term goals.
Nothing new after previous bullish impulse price correcting. I think that we will see the next rising impulse more probably as classic theory of TA tells. For continue rising movement we need to see some rising candles which will break 6600 then 6800 and hold on this level - it will be bullish indicators. Do not trade flat, wait for clear impulse.
Classic.. Afterl long time consolidation price move under R-trend-line with big volumes, big flag-continuation pattern was broke. Price is below MA 100,200 Waiting for continuation of downward movement. Classic target - 5500$
If we looking for local situation from 25 Sep. we see formed continuation pattern. For it realisation we need breakout r-pattern resistance. Other permisses for long position: Price now consolidating near MA 100,200 on background local rising trend; price is above support zone. Do not forget about SL!
Still waiting for this sweet short position; ETH in down-trend; now forming a rounded top which did not break previous top - its a weak signal. Price is below of MA 100,200. So, I looking for realisation of classic patterns soon. 1st target - 160$ - based on the length of pattern, 2nd - 140$ - based on previous impulse. Do not forget about Risk management!
Price formed wedge-continuation pattern, now in wedge we see rounded tops, which looking down, price is below MA 100,200; According the Fan principle we see 2 brokedown of supports, 3rd suppord=big wedge support, so if 3rd support will break - waiting for next falling impulse. Targets: 6200$
The last rising movement showed fake brokeout of flag resistance. Now BTC come back to flag support, and I waiting continuation of down movement. Classic target of Short position 5600-5500$.
XRP brokeout big wedge - continuation pattern, then brokeout small wedge where prices consolidated, price is above MA 100,200 - XRP continue rising trend. 1st. target - 0.60$; agressive target - 0.80$.
Ethereum is in down trend. 3 classic continuation patterns broken and price is below MA 100,200. Waiting for continuation of falling movement. Targets: 130-125$; 80$.
Now we have continuation pattern - flag (from 7400 to 6100) and yestarday BTC drop down under flag-support. Now BTC consolidating at small continuation pattern below support. So, waiting for continuation falling. 6000, 5400 - targets.
The Gaming Trade The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily,...
Bullish trend on ETP from July.. I think ETP is overvalued. There is Strong volume Divergence, so, trend can reverse soon. It will be a great short.
As I told after breakout S.h - support horizontal I get bearish side. We see the standart TA pattern of continuation of down trend. Price consolidated in bearish wedge and started work from 61.8 Fibo lvl. retracement, brokeout wedge support by strong impulse. Waiting for continuation of descending movement. Targets - 5850 - 5200. Dont forget about SL!
1st. option: brokeout S-traingle support, and continuation falling; trgt=210. 2nd. option: brokeout R-traingle resist. + next resist. zone(320-330). Then I will think about bullish scenario.
Price consolidating in rising traingle pattern near R-resist. on background local rising trend, so waiting for continuation of rising movement. Breakout of R will be the signal. Targets - 7600 - 7800. Will do revision of local bullish scenario after breakout S.h. - support horizontal.
Local vision: brokethroug r1, r2 + f-fractal resist.(top of rounded form); all this action was from S-support and BTC formed increasing bottoms at the way - all this factors are bullish. So, waiting for continuation of local rising movement to 7200-7250 (1.272 Fibo lvl.) When price hit 6800 - need to revision of previous local bullish scenario.
I have many requests about EOS/BTC. "EOS on the bottom" they told. Ok, brokeout of r-resist. of small wedge + previous fractal looks like we have local rising trend. But! What the real potential of rise? On 1D chart we see very strong Resistance zone - X point - crosses of strong R + f1(fractal resist.) + dynamic resist. of MA 100,200. So, I think we may see...