ALT
Very Quick Update: LINK Breakout to Upside!!Writing this in the clearest and most concise manner as LINK/USD is surging as I write. Remember to do your own research too.
Trade of BUY has been entered with targets 1 @ 4.52 USD and target 2 @ 4.86 USD.
- MACD is heavy in the blue with strong bullish momentum in the H4 time frame
- Buy volume spikes are steadily growing
- LINK has just broken out of a strong resistance line (red) @ 4.1677USD and now validated it as support with a strong bullish engulfing candle H4 and a long bottom wick, pointing to strong buy pressure
As always, feel free to like and support by following if you want to see more awesome signals like these!
Best Regards,
GOLD D ROGER
A humble trader
Matic Network 1H Bullish Ascending Triangle Sure this is an 1H chart but you can see the bullish structure in any time frame, I like the 1H here because you can zoom in and see the reaccumulation in detail. In the short term I see Matic returning to the bottom support trend line of the ascending triangle, but from there statistically we have a great chance of breaking the upper resistance trend line of the ascending triangle.
Personally I'm waiting for a touch of the bottom trend line then I'll reassess the indicators at that time in order to see if we have an even higher probability of moving upward.
If you're looking for news, Matic Network is doing big things. Just today they partnered with Infosys which is a NYSE traded 40B worth company. They recently partnered with Tech mahindra which has already made over 5B in Revenue this year. They were invested in early by Coinbase and also have the backing of Binance due to Matic being one of their IEOs. I have speculated that Coinbase Pro may list Matic Network also soon due to the fact that many of the technical check offs for listing the token are being checked off as we speak due to the Matic Mainnet happening as we speak.
Just a trade that might continue to play out very well, not financial advice, never give up on the future of money.
NMR - Good upside potentialOne of low cap alts under the radar, it was mentioned to me on Twitter. As a fan of ML and AI in trading decided to check it and I think it a decent upside potential and good fundamentals (there was no ICO for example + one of the investors is a founder of Renaissance Technologies).
Briefly about Numerai: crowd-sourced hedge fund, gathering data from many data scientists and predicting stock market outcomes. As they claim, the hedge fund is operated by an AI, which is fueled by a network of thousands of anonymous data scientists.
Taking all these facts into account as well as the gaining strength low cap alts I think about more upside.
Buying at monthly resistance isn't such a good idea (and it's strong resistance as you can see on the chart), so I'll definitely wait for a retest of 0.0035 BTC level to buy some.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.