Stratton Trading Channel .ENG
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#EOSBTC
#INFO
Trading activity that is going on now - too low for a reversal movement. It reminds those that were higher.
For a reversal movement at the level there should be something that resembling a triple bottom or a smooth turn along the arc, and what we are seeing right now - implies that the price may fall even lower.
The entrance into position can be divided into three parts. Take one part by the market price, one part from the first level 0.00062561 and an other part from the second level 0.00057224.
#IOTAUSD
#INFO
IOTA has reached zone 1.1542 - 1.2652. The price 1.2652 is significant because from this point coin started trading in the past. Level 1.1542, in turn, in the past caused multiple price reactions. But if you pay attention to the nature of the last price reduction - you can see an exceptionally decreasing highs, and all lows are concentrated exclusively at the level 1.1542. This suggests a possible "sawing through" the level of 1.1542 and search for a new support level, such as for example, 0.628 with further reversal pattern formation.
#FTCBTC
#INFO
After the volume explosion FTC/BTC showed rising lows and "respect" to the support level 0.00001628, however at that moment asset is better not to buy.
The price is in the "sales zone", where the price has repeatedly declined, and the purchase of assets "right now" has the risk of being at the maximum.
In this situation, we can considering three scenarios:
1) The price breakout from the past maximum (zone 0.0000400) will indicate the presence of an upward movement and in this situation it is better to catch price on the test of level.
2) Before breakout, price decides to roll back to the nearest support level (0.00002424) and here we can place a buy order.
3) If coins do not have enough power for a straight exit from the side movement - a situation with a false breakout of the last lows (0.00001628) is possible.
#NANOBTC
#INFO
NANO came up to the level, but it looks like it's going to "push through" it, we should wait for the situation to developing.
The next level is below 0.00068, in case of "push through" scenario, it will be serve as a support.
If in the near future, the "push through" scenario does not occur and instead we will see a long sideward movement, it can serve as a beginning for future growth.
#XRPBTC
#INFO
The asset has approached the historical level of 0.000072, which has been repeatedly shown in the past, but it should be taken into account that a significant reaction to the level in the past was only when price approached level from below.
That is, this level in the past was performed well, as resistance, but weakly, as support.
#BTCUSD
#INFO
Bitcoin continues to look for his bottom. As an option BTC will test level of 5200. For confident turn we should see the reversal pattern formation as a triple bottom.
Since the previous reversal attempt was unsuccessful, further fall with a new minimum looks logical.
#ETHBTC
#INFO
Ethereum continues to fall in search of real support. This fall looks attractive in that it does not contain lateral movements, which could become resistance during further growth. In case of a reversal - the price will grow freely, at least to the level of 0.08604200. As for specific turning points, in this situation there are 4 levels ready to act as a support. You should closely monitor the reaction of prices on these levels and open only part of the position at each level.
#BTCUSD
#INFO
Bitcoin showed the local activity of a large buyers. Such a picture is the first harbinger of the break of main trend, even though it is on a five-minute chart, but it is very strong. All altcoins repeated the same thing.
#RPXBTC
#INFO
The picture looks good, big growth potential, all rules are completed.
#BTCUSD
#INFO
Bitcoin has sharply fell to the local level 7900 and just as quickly grew up back, we already saw a similar picture at 6614. This figure shows that bears who fought their last ounce of strength have lost the initiative that the bulls intercepted. Specifically at the current moment, this is a sign that bitcoin will not going on correction, but most likely will continue to grow.
#BTCUSD
#INFO
Bitcoin seems starting to gain position at zones 6680 and 8000, the closest resistant level which can cause correction is in 10800 zone. Also taking into account the heterogeneity of the profile, can expect not a fast growth, but a long ascending wedge with a further breakout.