Post
Topic
Board Speculation (Altcoins)
Re: ALT COINS price action technical analysis. Request your coin analysis!
by
Globegains
on 06/08/2017, 16:30:32 UTC
Waves/BTC looks very interesting. It is forming bulish inversed head and shoulders pattern, but for it to unfold price should move down and only when break "neckline".

Regardless price is at critical resistance point at 0.00144. If it breaks resistance you can go long 0.0015 or so and put stop loss @ about 0.00122. This should give nice risk reward ration for this LONG trade.

I think waves will be hard to break resistance because 50 day moving average price is at the same resistance level, but where is a setup be exploited if you can wait until right signal. Don't enter LONG position too early.

https://www.tradingview.com/x/ID7DUFTm/

Hi,

Can you take a look at waves & XEL please?