ONT has come a long way down from its high, it looks like its buy time. Set a stop just under .65 - it has already been breached, but this tends to happen in alt coins to trigger stops, but it looks like it was pretty short lived. Huge potential on this coin!
Who else missed that killer run ONT had from a mere $1-$2, to going up to over $10 recently? Well, Loom could potentially have that same kind of run, provided fomo kicks in and feeds the bulls. Trendlines and retracements look good with solid volume profile. Keep a stop loss handy in case it goes for a deeper retracement, although the 61.8 was hit with precision....
OMG is following the trend line, although a deeper correction should be expected IMO... keep a stop loss below the expected trendline.
I am still working on my TA skills, so please DYOR. This seems to be following the trendline very closely, so set a stop loss just under it. Target: 1900 satoshis.
Raiden has been an underperformer for a while now, but it is finally seeing some action. Lets see what happens.
Waves looks like it has had a very extended correction and is now due for a very violent upwards trajectory. Of course, TA's do not predict timeline, but this seems rather likely as the bulls have been released from their slumber.
This is what I see. Its been in correction mode for a while, so a pump may be due very soon.
Storj has some excellent confluence. Provided bitcoin keeps its RELATIVE stability rather than the extreme bouncing over the last few weeks, this scenario could play out nicely.
As we all know, the prices of alt coins have slipped considerably due to Bitcoins volatility. However, DNT is a token that seems to be following some very predictable patterns. It will be interesting to see how this holds up and follows an upward trajectory despite everything going on at the moment.
I am new to Elliot wave analysis and fibonacci retracement. I would like advice from people who are more experienced about where I should be placing my projections - please help me if I am wrong here! 1 thing to note is that with cryptocurrency, there seems to be a lot of "hurry up and wait" happening... this bullflag/fractal forming could become rather extended...