Trade Recommendation: Raiden Network Token

Trade Recommendation: Raiden Network Token

The Raiden Network Token/Bitcoin (RDN/BTC) pair breached resistance of 8,000 satoshis on October 20, 2018. This triggered the breakout from the ascending triangle pattern on the daily chart. Also, the breakout appears valid. On October 20, the market generated volume that’s over 180% of its daily average. The heavy volume breakout was a clear signal […]

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Trade Recommendation: Loopring

Trade Recommendation: Loopring

The Loopring/Bitcoin (LRC/BTC) pair bounced off lows of 1,266 satoshis on September 12, 2018. At that price, the market was down by over 93% from the 2018 peak of 18,700 satoshis. Such heavy losses would have eliminated most, if not all, retail traders in the market. This allows the smart money to enter the market […]

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Trade Recommendation: ChainLink

Trade Recommendation: ChainLink

The ChainLink/Bitcoin pair (LINK/BTC) is one of those rare altcoins that’s in the green. The market is up by 11% year-to-date. It may not sound like much but this is actually positive news to LINK/BTC investors. The market appeared to have weathered the storm. Actually, it looks ready to make a bold statement. Technical analysis […]

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Trade Recommendation: Reddcoin

Trade Recommendation: Reddcoin

The Reddcoin/Bitcoin (RDD/BTC) pair is giving crypto enthusiasts something to be excited about. The pair took out resistance of 0.0000004 on August 27, 2018. The breach triggered the breakout from a falling wedge pattern. Breaking out from a falling wedge is something that you can observe in many altcoins. However, many of these altcoins significantly […]

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Trade Recommendation: Lisk

Trade Recommendation: Lisk

Lisk/Bitcoin (LSK/BTC) has been brutally clobbered this year. The pair lost around 90% of its value from the high of 0.003398 on February 10, 2018. The good news is that bulls have had it. They are taking no more. Recent price action shows their conviction. Technical analysis reveal that LSK/BTC has broken out of a […]

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Trade Recommendation: ICON

Trade Recommendation: ICON

The ICON/Bitcoin pair (ICX/BTC) has looked bearish since February 3, 2018 when it took out support of 0.0006. This triggered the double top pattern on the daily chart. The breakout forced those who bought above 0.00006 to cut their losses. This started a bear run that has driven the market to as low as 0.0002041 […]

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Trade Recommendation: Litecoin

Trade Recommendation: Litecoin

The Litecoin/US Dollar pair (LTC/BTC) started to look bearish on January 6, 2018 when it generated a lower high of $306.85. From that point, the pair has been generating a series of lower highs and lower lows expressed through three fractals of falling wedge patterns. As you can see from the chart below, LTC/BTC creates […]

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Trade Recommendation: BitShares

Trade Recommendation: BitShares

The BitShares/Bitcoin pair (BTS/BTC) started to show signs of bearishness on January 6, 2018 when it generated a lower high of 0.00005505. This was a clear signal that the pair’s impressive parabolic run between December 14, 2017 – January 2, 2018 was over. Savvy traders who saw the signal dumped their positions. As a result, […]

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Trade Recommendation: QTUM

Trade Recommendation: QTUM

I would be remiss if I left QTUM out of the analysis during these tepid times. What is telling about this price action is the Daily Pivot Moving Averages. Notice the flat (red line) 14 Day Pivot MA and the steep decline of the (yellow line) 30 Day Pivot MA. These two Moving Averages are […]

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Trade Recommendation: Lunyr

Trade Recommendation: Lunyr

The Lunyr/Bitcoin pair (LUN/BTC) started its uptrend on August 11, 2017 when it took out resistance of 0.002. The breakout attracted so much momentum that the pair became parabolic on the daily chart. With its supercharged velocity, LUN/BTC skyrocketed to 0.0072886 on August 12. In one day, the pair climbed by almost 265%! At this […]

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