Following the Ellliott Wave theory, we have completed wave 1 (high 21850) and are closing in on the end of wave 2. As we can see there is a MINOR support at the ~9200 sat range, I believe this support will be broken in the following days giving us a fall to a much stronger support around the ~8000 sat range. With a complete 1.0 measured move based on Fib Trend...
Entry around 9139
Potential 116% growth
IF you would like to thank me after you took profit:
BTC: 17eMPyaegjo5TfU86eDtiR1aY8G8iWCgDP
ETH: 0x5965F4C562421EED64ab26EDb189C835f3415E89
SUB can be analysed two ways.
1. Drawing trendlines, seeing its growth channel and drop conclusions in light of it.
- long-term;
- the green triangle is out of it, but why?
- maybe it will drop and form the red triangle?
- one thing is certain - their project is real and it's good. so my bet is to go up.
2. Seeing it as a bullish flag. Signs:
- volume...
Substratum is a great project. Good fundamentals. However there are many signals that it is going down for some consolidation after a great bull run.
1. H&S has just completed.
2. RSI way under 50 and no signs of reversal yet.
3. Bearish MACD cross.
4. Price under the kumo on the 4h.
I suggest layered buys at each entry.
PM me for targets, custom charts or if...
Substratum is displaying a bullish MACD divergence together with a Doji 4h candle on the exponential channel support. I believe these are strong indicators that a second runup in price will occur. The two previous runups peaked at the 2.618 Fibonacci extension of the previous one, which sets the take profit range at around 35ksat to 40ksat. Buying at the current...
From a purely technical standpoint this structure looks solid.
With any investment into an altcoin, look at the likelihood the tech is realistic, the whitepaper and the team behind it.
Not going to promise you a ridiculous % gain like others do. This would be a trade based off technicals.
im very new we have to start somewhere right looking for rep so I can chat 50 needed.Sub are only on 4 Exchanges and seem to be moving one way. solid website and tech any more info would be great seems like a test for resistance is due?
Substratum has been moving sideways for the last few weeks, but it seems to be testing new levels. The MA50 and MA100 are serving as support for the price around 8500.
MACD also shows a bullish crossover to further support this move.
If it breaks resistance, I expect it to probe the 10k.
Some ideas where I think Substratum will potential go over the next few weeks/months. A lot of good stuff to come from this project including the Public Beta followed by a product release if successful.
I'm hodling and not trading this one, but a good entry point could be when/if we break the pennant that's forming right now. I expect this to retrace at some...
