Wednesday Winners - 3x Crypto Technical Analysis Charts (Komodo, Factom, Edgeless)

3년 전

Another Wednesday and another selection of charts for your perusal!

With the markets at a key juncture, it's my hope that alt coins are in the process of turning around and the coming weeks/months will be very lucrative indeed. The follow are my selections and are based off 123 bottom formations.

Komodo (KMD)

Komodo has bounced solidly off the 3 area and has been heading upward for the last 10 days or so. What I'm looking for with this trade is a close above 41k sats with a new green candle starting.

BUY: ~41700 sats
TP: ~48000 sats
SL: ~36100 sats

high def chart

Factom (FCT)

Factom looks similar to the above chart as both have formed a 123 bottom formation. This usually indicates a turnaround and given that the most recent 123 formation (red) is part of a larger 123 formation, this is a strong bullish indicator. I'll be keeping a close eye on this and like above, looking for a close above 290k sats

BUY: 290k sats
TP: 320k sats
SL: 279k sats

high def chart

Edgeless (EDG)

Again, 123 bottoms are forming in charts all over! It's a strong indicator and one that I've practiced many times over. Edgeless, is aligned with the above tips and presenting a great looking 123 bottom. Needing a break above 9600 sats to confirm.

BUY: 9750 sats
TP: 11600 sats
SL: 8200 sats

high def chart

As always, DYOR and please don't blindly buy on my (or anyone's analysis).

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Factom and several others breached their 1-2-3’s - always gotta keep risk controls and money management in place as much as seeking entry points.