🎓Derivatives🎓

$LTC x5-10 Long

I'm still a little upset about our last call on $LTC. Being stopped our by a few sats, right before nailing all the targets - Stay tuned for our monthly update and overview for the month of May.

Taking a look at LTC on the 4h time frame, We see a rising wedge formation that had been invalidated previously - slowly moving south of the rising wedge, without a decisive push from the bears. As expected and as per our last call, we have recaptured this rising wedge. The solid white line forms the top resistance on this setup.

Price has broken up and re-tested the new support effectively (Ideal test-buy marked with a green arrow). The string of red candle wicks here also help us plot the new uptrend lines more accurately.

RSI has recaptured the uptrend, will it hold? Big crossover on the MACD and the TSI underlay (Purple) looks as if it will swing before making contact with the zero line.

Entry: 0.01295 - 0.0128 (50 / 50)
Target: 0.0135 - 0.0151
Stop* 0.0126 ( -1.65%) x Leverage

Market Entry: 👎
Leverage: ✅✖️5️⃣|🔟

Trendline stop. Adjust accordingly*

https://www.coinigy.com/s/i/5cf181e368a42/ $LTC

🎓Spot Trade🎓
$ONT USDT

🔹Breakout triggers set off on Ontology. Looking for entries towards the top of the channel. With a stop just bellow the contracted range, this would invalidate this move to the upside.

🔸Only trade the breakout - entry above current price.
🔸Move stop to entry zone after first target has been reached.

Entry: 1.55
Targets : 1.62, 1.88, 2.15 (38%)
Stop: 1.36

https://www.tradingview.com/x/7fIqLExp

🎓Spot Trade🎓
🎓$POLY /BTC

Polymath has been around for long enough for us to view the weekly chart. We see a broad falling wedge with consistent bullish waves following the distribution phase in the market. Large green volume bar on the weekly is a sure sign that accumulation has begun.

Curious to note that the 25EMA in yellow marks out the top side of this wedge remarkably well. Our target shall be contact with this line.

https://www.coinigy.com/s/i/5cf38a0c2a79c/

Entry: 0.0000116
Target: 0.0000128 - 0.000016 - 0.0000211
Stop: 0.0000108 ( -6.9%)

Market Entry: ✅

https://www.coinigy.com/s/i/5cf38e6bdde39/ $POLY

$POLY BTC 🔼 Order Filled @ 0.0000116

🎓Spot Trade🎓
🎓$PHB BTC

🔸Red Pulse Pheonix is bouncing off the zero line of the Fib retracement.
🔸Big volume green candles are coming in.
🔸A breakout above the 25 EMA and currently re-testing the line.
🔸MACD & TSI turn in favour

🦅 Let's see if this Pheonix can rise from the ashes 🔥

Entry: 0.00000262 - 0.00000266 (50/50)
Target: 0.00000309 - 0.0000035 - 0.00000394
Stop: 0.00000241 ( -8%)

Market Entry: ✅ 50%

https://www.coinigy.com/s/i/5cf393b37c8f5/

$PHB BTC 🔼 50% Position taken at market - 0.00000266

🎓 Breakout Trade 🎓
🎓 $ATOM / USDT 🎓

🔹 well well, what can we say, its only been couple days since we smashed about 30% + on this very coin, and now you get an open invitation to the after party,

🔹 bear in mind - its a BREAKOUT trade so don't enter too early or you will find out the party blowed - leaving expensive tickets in your pocket.

🔹 TLDR
🔸 Entry: 6.02 - 6.05 (once broken out of the channel)
🔸 Take Profits: 6.20, 6.60, 7.20
🔸 Stop Limit: 5.70-5.72

🎓 Breakout Trade 🎓
🎓 $NEO / USDT 🎓

🔹 NEO caught our eyes today - and if you follow us by now - you may know just why

🔹 bear in mind - this is a BREAKOUT trade so don't enter too early

🔹 TLDR
🔸 Entry: 14.25-14.30 (once broken out of the channel)
🔸 Take Profits: 14.55, 14.95, 16.60 (17% 🚀)
🔸 Stop Limit: 13.45 (6%)

$ATOM first target hit

$PHB BTC 🔼 Remaining 50% Order filled @ 0.00000262

2nd target hit
time to move stop loss to entry point

Deal at first seemed invalidated by recent btc drop, but on a second look - we are re-posting it with upgraded chart and targets

🔸 Entry: 14.25-14.30 (once broken out of the channel)
🔸 Take Profits: 14.50, 14.90, 16.60 (16% 🚀)
🔸 Stop Limit: 13.24 (7%)

Pattern invalidated, as it showed weakness trying to break up and out of the channel and instead bungee jumped down. we book 0% loss here as it never triggered.

well its over. invalidated 100% - no lose because it never triggered, we book a breakeven call.