Possibility for FOMO as we approach airdrop block 5,500,000. If exchanges announce support for airdrop, we could see major price spike. Currently completing triangle wave pattern. Price is respecting some major previous fib levels. Potential breakout of 2H RSI with lots of room to move on the MACD. Buying volume increasing, looking for continued upwards momentum. As always, BTC action prevails and could throw everything off.
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potential breakout of pennant on high volume
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on to next resistance.... forming a short term rising wedge though. expecting a small pullback before challenging the local high. price broke through pennant early and strong however, so we may have the upwards momentum to continue this much further. short term target 0.0040-0.0042. longer term 0.0045-0.0050. if fomo hits, all bets are off.
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got out at 0.00377, looking to re-enter at support, possibly around a retest of the trendline.
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dipped back in at about 0.00345. looks a little like a bear pennant though, so will wait until confirmation of breakout to add more to the position.
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adding to long here
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showing signs of reversal
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price has dropped much further than I expected. i like to think that large players are shaking out weak hands before the airdrop block, but at the same time i can't help but begin to get nervous about continued moves to the downside. despite this, some signs of bottoming out could be showing. the 4H RSI is oversold and showing signs of attempting to reverse. Stoch RSI is beginning to turn upwards, as is MACD which shows signs of turning positive within the next few candles. i am currently holding a position at a small loss while watching closely as to the direction of any upcoming movement.
Trade closed manually
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did not update at the time, but got out at 0.00288. ended up losing most of the profit from the first trade, but still ended up in the green overall. lesson learned.