Strat has moved up and retraced nicely to area of confluence including the 0.0008138 Support level (Red Line), the trendline (Light Blue angled line) and 61.8 Fib retracement. At this point (The pink Circle) it has bounced and looks set for a good move up.
Price has then hit the 3 EMA’s 20 (Blue), 50 (Red) and 200 (Green) which are grouped quite closely and are offering short term Resistance as price bounces down of them. We may spend a few days bouncing between them and ranging here (The Blue Box).
What we are looking for is a break out from this region. We can trade the first bar which closes above the 200ema and 0.00101 resistance (Black Line), or wait and look for another classic ABC. Where price Advances through the ema and level, pulls back to it, and then Continues in our direction. That would be my preference.
Levels going up are 0.00120 for first target, and then to 0.00151.
To make dollars our decisions need to make sense. We want to wait for the break out here, and preferably the retest. We don’t want to get caught in the consolidation in the blue box.
Enjoy the trade, I will make sure to keep this updated, feel free to like and follow if you found this information useful.
Comment below with any coins you would like an analysis on and the most commented coin I will provide and publish a TA.
Kommentar
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This pair is still ranging as we expected, we will need plenty of patience here
Kommentar
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Sometimes i wish my analysis was wrong, in this case then something would happen. We continue to watch and wait
Kommentar
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Our Chart continues in the range as predicted. Its now approaching the bottom of the range. We are looking for a break of the top of the range so we still have some time.
Loving the charts and analysis , thank you for all your hard work ! Would love to know your thoughts on Siacoin if you get a chance ..thanks !
DollarsAndSense
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@cugini03, Ok great thanks for your support, I will check Siacoin at some stage also I just need to wait and see what the most popular coins that are posted on this thread
vspectra
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Can you do an update? Still looking like it will go lower or is there a good price to buy in?
Ecua_Trader
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almost there
J_DeFranza
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Your ideas are epic man.
Learning a lot from reading your analysis...
A coin that looks interesting currently forming a textbook cup & handle in the making is SLR.
But still has a ways to go before I see it as a buy opportunity.
darkandblue
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Hi, posted soemwhereelse too but can you have a look at waves please
vaassu913
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Entry points
DollarsAndSense
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@vaassu913, Hi, sorry entry points are third paragraph down :)