$ADX bounce or break back to accumulation

26 Ağu 2017

Getting many request on Twitter for this pair, so lets give it a go.
I dont have any idea about fundamentals for this coin or any news/developments coming out soon...I just did my technical analysis.
After a strong upmove, its sitting around Fibo 68,1% support.
2 scenarios:
1) it breaks the red trendline for another big push up, over previous top
2) it breaks the fibo support and falls back in the old accumulation zone which is also a target area for my Fibonacci extension calculations.

Personally, I have a feeling that it might break out to the upside. Maybe some news coming soon which supports a possible pump.

Tradingadvice: buy after the breakout of the red line or if it breaks fibo, let if fall back to the blue box

26 Ağu 2017

Not

Breaking out!

27 Ağu 2017

Not

Broke out and did a classic retest of trendline, now looking upwards.
Let's go!

28 Ağu 2017

Not

Looking healthy....
Frist target area is around 40k but my aim is 65-70k this week ;-)

29 Ağu 2017

Not

After a nice upmove, price suffered from BTC rally.
It dumped into the blue box and even a bit below.
Nothing to worrie for now. I think it won't dump mucht further and hopefully it makes a good bounce into a new uptrend.

1 Eyl 2017

Not

Update: I was wrong, it dumped more as expected and formed a new pattern.
Breaking the yellow trendline downwards will be a fall back into accumulation zone but looking at the indicators, I'm thinking it could make a new attempt up from out of this area.
Watch for a breakout to the upside before jumping in and dont forget the risk of a further fall. If you dont use a stoploss it might take weeks/months before price is back on your entry position. Selling wiht a loss is not a shame, its moneymanegement.

1 Eyl 2017

Not

correction: breaking the yellow trendline was mistake, I mean the blue trendline

9 Eyl 2017

Not

For days already in a bullflag, just waiting for it to fly