Metal Bottoming, bullish
Clearly accumulating before breaking out...
Broke downtrend Currently forming a rounded bottom
I know that some claim that one should only measure alts in terms of btc and not fiat. It's a valid claim. Priced in BTC, Ripple has lost much of it's gains over the past few months - in other words by holding Ripple one has had to forgo the amazing appreciation experienced by holding btc. However, for now, bagholders can find solace in seeing XRPUSD in an...
Everybody has been guessing when ADABTC starts another wave. So here's a possibility... If the trendline holds...
Whew! This has been one heck of a consolidation. These phases tend to resolve upwards (given the uptrend and strong buy volume before price entered the consolidation), but of course we don't know until it leaves the rectangle for real. Can't wait by the way (whichever direction it is) For the record: I do believe ADABTC will go up longer term anyway, but why not...
The ride up from 400-500 sats was easy peasy, if you accumulated for some time before, but now it gets a bit tricky... The rise was quite spectacular, and a correction or consolidation are to be expected. Probability-wise, I still think "up" but am very careful. Input welcome.
I'm overall optimistic on SAFEX and only post this as a caution to myself. On one hand, on daily and sub-daily time frame SAFEX seems to be bottoming, or at least getting ready for another bounce, as many fellow tradingview members have illustrated much better in their charts than I ever could (see link). Also, I do think that SAFEX is a project with enormous...
Curious to see if Status bounces and how it behaves when it reaches the kumo-cloud.
Sibcoin seems to be accumulating before an upthrust. Buy volume greately exceeds the volume of the retracement candles. Not a recommendation, just an idea. It could try to get to the flat ichimoku cloud formation.
The buy volume seems to prime SAFEX for more upside once the retracement is over. Accumulating more at these levels wouldn't necessarily be the worst idea. Both short and long term. However, more down-side can't be ruled out. Always manage your risk and stay on the safe side.
I'm not a die-hard Ripple enthusiast, but the chart looks reasonably bullish to me. The latest consolidation is reminiscent of the consolidation before the latest bull run in the spring of this year. At least on smaller time-frames, the price is trying to establish a foothold above the kumo. Could it dip once again to trigger more stops? Absolutely....
A stock with this volume at lows could be dead. But crypto? The sell volume is insane. Could it just be panic selling and capitulation, or a sign of bad things to come for the project? Getting in now looks risky, but upside is compelling were EOS to succeed...
Despite the apparent accumulation, I think one more push-down is possible to force weak hands and make disgruntled bag-holders from the summer finally give up and conclude that Sia is finished once and for all (I've already seen such voices on the forums). Therefore, I'd be careful, the low might be temporarily broken to the downside, maybe even sharper than my...