Alt Coin bottom watch Nov 12 2018 update. Charts and thoughts
Stillllll watching the bottom formations in ALTS
- not financial advice just me trading journal. (thoughts and opinions)
ADA
ADA looks like a little bottom was made back in September. Then came back and Retested that new support at about 1100 Sat.
ARDR
ARDR has been slow going . It appears to be in the process of coming down to retest at 1541 SAT. (after looking at many of these charts that seems to be the trend on a few... Coming back down to retest the original moves new support)
ARK
Been waiting on ark to move for a bit now.. On the large scale its very flat. You can see the EMA's crossed then immediately crossed back over.
BAT
Bat is interesting because of how much its moved and how much its pulled back after the coinbase listing. It appears to be making a drop down. First level id like to see it hit (and hopefully bound off of - or above-) is the 3887 Sat level. It does appear to have found temporary support at the level its at now (above 3887) but will have to watch and see how far we pull back. Looks like people bought the rumor and sold the news pretty hard.
DGB
I left this chart zoomed out so you could see what im seeing. DGB failed as you can probably see. But now is reaching important levels (yellow flat line). Falling below these levels would most likely spell more trouble for the price. A bounce here could be great as were nearing over sold levels on the RSI.
ICX
ICX is looking pretty good, stair stepping along up untill the recent rolling over. currently retesting the new support at about 882 Sat. A bounce here would be a great sign. a Break lower... not so much.
IGNIS
Ignis failed. Breaking down lower. will watch in future to see if it comes around
LINK
Link is one of those charts where you need to zoom out to get the picture. After that nice descending wedge's break out we havent came back. Link seems to be chugging along.
RDD
RDD pulling back prettyyy hard to new important support levels. not ideal.
SC
SC the sleeping giant.
She fell below my blue line of support. I dont like that. But when i extended the green line out it perfectly matched with this new low.. Would like to see a move back up above the blue line.
STORJ
Looking berry Strong here. New support (yellow line) became the new floor. Green trend line bouncing right now!
looking very enticing.
STORM
Storm pulling back to the new green trend line. Would like to see a move up above the yellow again (after dipping below).
WAX
I was fortunate to have made a little position in WAX. Looking very strong as it busted outta its lows. EMAS still looking good. Temporary pull back will show us how far back it wants to pull.. Before (imo) heading higher.
XVG
Pulling back to retest the yellow support line. Stopping the dropping here would be great for xvg.
ZEN
Zennnn my beautiful hen
you can see i been following this pretty close. dont get distracted by the messy chart. What you need to see is that its right now bouncing off that yellow previous support line. Its played in this range quite a bit so if it shows strength it may be showing that we've found a new Floor!
ABS
Shhh ABS is my secret Masternode Weapon :)
Short on the chart data as its just starting to get listed places like CMC. Hoarding this coing untill it makes me a kagillionaire.
HOT (HOLOCHAIN)
Tooooo HOTTT!!
I vant et Toooasshtteedd!
Well thats all I've got for you on this one!
Let me know what you guys think below
or if I muffed anything up!
-Dest
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Love it! There are a range of coins here I have not studied. Important to see how many made small gains only to drop back.
seems like a lot of them are wanting to pull back to the top of their initial 1-2-3's!
so which one coin should I buy for 1000 USD?
The age old question. This is not trading advice this is just my opinions on a few markets. for my personal strategy I like a diversified position across the market. Betting on the trend reversal and when the tide rises so will all these other coins and ill already be in a strong position to capitalize. The risk reward on many of these markets are great in my view!.
What is your strategy now a days ... hodl or taking min profit?
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