JJ_TA

JJ_TA

In my last analysis I stated that the 600 sat level was a nice accumulation zone for POEBTC . If we now look at the charts, we see the formation of a double bottom at the 565 sat level. The RSI indicates overselling, combined with the possible double bottom I see a nice opportunity for some short term profits.

JJ_TA

As we can see, POEBTC is still correcting from its all time high. We can see a clear bearish trend line starting from around its 0.5 fib level. Looking at the past 2 months, POEBTC reached the 600 level three times and started climbing from there. I think this zone might be nice to accumulate for a long position. A first profit taking point would be around the...

JJ_TA Updated 

Like many other altcoins, REQBTC is currently in a big correction. It currently dropped from its all time high 7220 to around the 2500 level. We can see that it tested its bearish trend line a couple of times but never managed to break out of it. Currently we have the formation of a double bottom. I've also indicated 2 previous times where REQBTC it RSI...

JJ_TA

In my previous analysis I stated that a higher low was formed which could indicate possible reversal. As we can see CNDBTC has broken out of its current trend now and tested the 0.236 fib level but did not manage to really break it. At the moment of writing a big sell wall still exists at the 1600 price mark. If this could be broken, the next target would be...

JJ_TA Updated 

BINANCE:CNDBTC Is currently in a big correction losing at a certain point almost 50% from its local high 2 weeks ago and over 60% from its ATH. The current candle is looking to form a higher low which might indicate a reversal. The RSI also indicated overselling. A convincing close above the trend line might conform a reversal

JJ_TA

*Fairly new to this* BINANCE:CNDBTC Is currently in a down trend. I am waiting for it to break and close above the trend line. The first target would be the 0.236 fib level which it failed to break a couple of days ago.