In my previous post, NANO had a breakout above the 1st resistance. Now, the 1st resistance line at $0.95 became support. If NANO holds the support, it is probable that it will test the major resistance line at $1.5. However, if it breakdown below the support at $0.95. It is probable that it will retest the previous low. So, set always your stop-loss to minimize...
Based on the chart, NEM probably bottomed at 410-420 sats. It perfectly held the previous low when the price retest the support/previous low at 410-420 sats. In addition, RSI shows a strong sign that it is now in an upward trend. Now, if the price breaks the trendline it will test the 1st resistance line at 550 sats. Just remember don't forget to set up a...
VET is going strong. It perfectly held the 1st resistance line at $0.005. It also broke the 2nd resistance line at $0.0063. However, the RSI shows that VET is now in the OVERBOUGHT territory. So, I have two target prices. The first target price is $0.0063. The RSI shows that we are in the overbought territory, the risk of falling or having a correction is now...
VET is going strong. It perfectly held the 1st resistance line at $0.005. I also has broken the 2nd resistance line at $0.0062. However, the RSI shows that VET is now in the OVERBOUGHT territory. So, I have two trading scenerios. The first scenario is the ABC blue line. If VET doesn't hold the 2nd resistance line at $0.0062. The next move will be a correction...
The Consolidation Phase is where a stock or currency trading within limited price ranges and offer relatively few trading opportunities until another pattern emerges. Top traders consider the consolidation phase as an accumulation stage. In the accumulation stage, it is the best time to buy a stock or currency for the long term. Based on the chart, XVG is...
In my previous post, I shared that a bullish cup and handle pattern is forming. Based on the chart, the handle was formed and it hit the buy zone area. Now, what we are waiting for is a breakout from the previous peak at $0.09. If we break the first resistance, we will test the major resistance line at $0.14. If you buy at the buy zone and the price test the...
VET had broken the resistance (red) line. It is a good thing because VET upward trend is now confirmed. However, it is highly probable that a correction move is due to the VET for a healthy upward movement. Based on the chart, if it fails to hold above the resistance line, it is probable that it will drop to $.0041 which is now the support for VET. In...
First, IOTEX had broken the resistance trendline. This is a good sign because the upward trend will soon start. Second, the Cup and Handle pattern is now forming. This pattern consists of a drop in the price and a rise back up to the original value, followed by a smaller drop and a rise past the previous peak. Based on the chart, there was a dropped in the...
Ethereum is gaining momentum for the next upward trend. If you look at the chart, ETH had broken the resistance trend line and probably can hold that level. If it holds that level, it will retest the resistance line at $220 dollars forming a CUP. Happy Trading! Please do your own charting and research.
Cup and Handle pattern is forming provided that there is a drop in the price and a rise back up to the original value, followed by a smaller drop and a rise past the previous peak. Based on the chart, there was a dropped in the price and increased back up to the original value, and it is already followed by a smaller drop. What we are waiting for is the rise...
Currently, NANO has broken the trendline and resistance line. if it perfectly holds above the first resistance line, it is probable that it will retest the next resistance line at $1.48 level. However, if it is just a false breakout it is possible that it will form a cup and handle pattern. Still bullish! Happy Trading! Please do your own charting and research.
Recently, the Stellar Lumens team just burned 55 Billion XLM. It was already reflected in the coinmarketcap.com that the total supply of XLM is now 50 Billion instead of 105 Billion. In the same site, XLM currently sits in rank 10. For me, the burning of XLM tokens is a catalyst because the funds will be used for the development of XLM ledger and other purposes....
Hoping for RVN to break the trend line and starts its upward movement. Happy Trading! Please do your own charting and research. :)
Currently, VET broke the trend line. If VET holds the price outside the trendline, it will test $0.0062. Happy Trading! Please do your own charting and research! :)
Happy Trading! Always do your own charting and research :)