Not convinced but wanted to see how it would play out anyway.
Fibs heavily being used as support as well as resistance.
Bull div and increased vol over the last week or so.
Would be looking at making it a 3-7 day trade
A rare non crypto analysis but sometimes its nice for a price not to get heavily affected by a higher up factor i.e altcoins reliance on Bitcoin.
0.786 fib from 2010 high being tested and got rejected first time around. Very positive FA surrounding BP in the last 6 months so it will be interesting to see if faith is brought back to investors.
Entry price for a...
DCR looks like a great entry currently and FA is very bullish as well as the bullish div and trend change.
Only thing that putting me off is the lack of volume due to it being on trex, would be unsure as to whether it could keep up the momentum.
Would be aiming for 0.001365-0.00143 next 7 days
In an ideal world DCR would probably bounce off the 0.5 fib and I would put a bid in at 0.0125, but market is in a bad way which would make it even more difficult.
Hypothetical trade to see how it would work out. Stop loss would be very tight at 0.0122.
Bullish on hopium.
FA- ADA is a strong coin in top 10 market cap but acts usually in accordance to BTC, investing in ADA is like investing in BTC but with higher ROI obviously. Considering bitcoin's current level of play it isn't a short term trade as we're currently trading sideways but it is more of a mid-long term trade.
TA- looks as if it has found support (famous last words)...
Sold 50% at 0.000126 due to bear div and now re-entering due to strong FA and it's one of the only coins moving currently. Will sell this 50% again on next leg up, aiming for a full retracement in the next 7 days but thats because i've had my daily dose of hopium.
When binance sir?
Entered into DCR around 0.0110 before as it was trying to breakout. RSI is consolidating but price is showing higher low's so thought it was worth a shot.
Felt like it was quite a similar set up to LUN which ended up going 100%.
FA- consensus week so hopefully even the worst alts should do well nevermind the ones that are on top page of bittrex.
55 EMA crossing over suggesting bullish trend about to begin. Bears losing momentum on RSI.
Top page of bittrex regarding volume (event though it isn't hard these days) which will bring some attention towards it.
Mid term rather than short term.
Bearish div noticed on RSI. Has had good growth the past couple of days and is due a healthy correction before next leg up.
FA- consensus speech at 11AM on Tuesday in New York which could have an effect either way on the price. A lot of hype currently around the coin, could easily have a sell off like OCN did.
Bears losing momentum on RSI, fairly recently listed on Binance so it will be interesting to see where it heads from here. Definitely not expecting anything huge short term and more in the 7-14 day timeframe.