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Trade Recommendation: Request Network/Ethereum
Based on its chart, the Request Network/Ethereum (REQ/ETH) pair appeared to have an initial coin offering price of 0.0012. Unfortunately for participants who bought the ICO the market closed at 0.00016986 on its first day of trading; October 27, 2017. That’s an astounding 85.85% loss in one day! After losing so much of its value, the market consolidated and established support of 0.000115 on November 2. It came back to life on December 13 after breaching resistance of 0.0003. The momentum of the breakout was so strong that the pair went as high as 0.00119798 on January 1, 2018. As...
Trade Recommendation: Bitcoin Gold
The Bitcoin Gold/Bitcoin (BTG/BTC) market lost its bullish momentum on November 21, 2017 when it generated a lower high of 0.065. As market participants noticed that the pair has ran out of steam, a selling frenzy was triggered. On December 5, the pair broke below support of 0.025. The BTG/BTC pair nosedived as selling pressure increased. However, the market needed only three days after going below 0.025 to bottom out at 0.011551 on December 8. Having lost over 82% of its value in about two weeks, the market quickly rallied. Bottom pickers pushed the price to as high as 0.029...
Trade Recommendation: district0x/Bitcoin
The district0x/Bitcoin (DNT/BTC) market kick started its uptrend on December 31, 2017 when it broke out of a bullish reversal pattern at 0.000009. Its momentum was so strong that even though it was in oversold territory during the breakout, it continued to skyrocket. The market reached as high as 0.00002980 on January 6, 2018 before bears took over. In about a week, the DNT/BTC pair grew by an astounding 231%. // -- Discuss and ask questions in our Facebook Group The market closed below 0.000024 on the same day as profit-taking became the theme. While the pair tried to claim 0.000024...
Trade Recommendation: Agrello(DLT)/Bitcoin(BTC)
The Agrello/Bitcoin (DLT/BTC) market ignited its bull run on December 31, 2017 after the market broke out of a bullish inverse head and shoulders pattern at 0.000035. The breakout was so strong that it went as high as 0.00013098 on January 11, 2018. The market grew by 274.23% in less than two weeks, which prompted breakout buyers to take profits. // -- Discuss and ask questions in our Facebook Group Faced with heavy selling pressure, the market retreated to as low as 0.00004505 on January 16. While the pair bounced and reached 0.000088 on January 20, sellers quickly exploited the...
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