Two long target are the red boxes above. Stop at $0.95.
Waiting for ONT to hit previous resistance. There is a good chance it will bounce there for a good 20%.
Once we finish this short-term cycle, we need to think about how MFT is going to move on the daily and find our swing entry.
MFT started upcycle short-term(1h candles) trading opportunity
BCH created a capitulation wick. It is highly likely to have a short term reversal from here, making a leverages trade very easy.
On the weekly we have a clear visual of looming doom of the MAs, if it break down from here. I´m cheering for 6,8k which averts the danger.
A breakout of BTC is likely, so this dip on both BTC and ZRX are likely to be the last opportunity to get them on cheap before the next upcycle. A protective stop is used. A double bottom is likely if it breaks below the stop. Join our private community: www.patreon.com
All shorts in the red box are trapped, once it breaks out from here. We could see a phenomenal short squeeze that also acts as a reversal signal, since this was a false breakout to the downside. A break above from here would signal the true trend, which is to the upside.
See chart for analysis.
Contrarian setup. Easy 25% from here.
Possibly 35% here. Stop loss on lower low.
BTC extremely bullish and we possibly have a new cycle starting. The red box is our current stop loss. I´m personally expecting BTC retracing back there, forming a higher low, and then bullish further.
On a relative value perspective, LINK is now holding up with ZRX, making both the strongest coins on this run-up so far.
We´ve seen ONT and ZIL taking the lead on the May run, but ZRX is now gaining traction, making it one of the strongest coins to trade right now. See how it shoots up and crosses over all other coins in terms of relative value. I have a ZRX long position and probably more on a possible pullback at $0,8.