theformalfox

theformalfox Updated 

Flip both the heavy horizontal AND the weekly 50MA at +$0.09 and we may see higher in the following weeks. Otherwise, both of these have played as heavy resistance for Loom. The recent mini-pump from the CB listing may have been an exit pump. Stops are prepared. DYOR. This is a trading journal, not financial advice.

theformalfox Updated 

DCA'd my original entry around $8.90 down to $5.64 over the last two weeks. Considering I'm up nearly 90%, I've taken quite a bit off of the table. Profits here today aren't always here to stay, especially in a governance token. Waiting to see if we truly break this downward trend line + the box. I MIGHT re-enter if we flip this box as support.

theformalfox Updated 

Don't forget to watch this pair. Previous #NuCypher / $USD failed breakouts were always preceded by failed breakouts of the daily 50 EMA on $BTC. We're currently attempting a breakout now. Confirm this and I'd expect a reversal back into bullish territory 🤞 Neutral until this is confirmed.

theformalfox

Just an observation. Consider it hopium. SPX is yearly, BTC is monthly on this. So not a direct comparison. But i'm sure a double top was called on SPX back in 2007. If it can do it, so can BTC! Granted market conditions are WAY different now, and so many other factors. (shrugs)

theformalfox

Keeping this one very simple. This has always been a decent buy area. Just entered a very small spot. Snagging 15k more EOS if all are hit through the box. Ultimately I'm extremely worried about buying today on anything, which I've learned is a good time to start buying. "I'll wait for at least one more dip" is usually when I miss the train. lol. I'm a random...

theformalfox Updated 

Forth could keep tanking, sure. But we're at the bottom of the band with a decent-looking bullish divergence on the daily RSI. Might as well throw some shekels at it and sit back. Enjoy the show, and don't invest more than you can afford to lose. And def don't take advice from randos online, including me.

theformalfox Updated 

Just a guess. Something to watch. Channels like this don't last long and things break down when switching from log to linear scales.

theformalfox

The trend line mixed with the pesky $0.80 resistance price makes me believe we'll need few more days of consolidation before moving up. I expect we'll see one more bounce off of this trend line but honestly won't be mad if we break it here.

theformalfox

Does anyone else think or want this gap to be filled?

theformalfox

The price is respecting the 1 hour and 4 hour 50/200 EMA more than it is the bottom trend line of the upward channel. If the EMA lines mixed with the next support level doesn't hold, I will be picking some more up just above the $0.50. If this week proves to be as bullish as everyone is hoping it will be, I'll be entering back in after $0.80-$0.90 flips from...

theformalfox Updated 

Another potential path to reaching and breaching $1. We may be on the final leg of repeating this pattern with a good chance of it breaking down around $0.90 to $1.00 due to the number of individuals most likely looking for $1.00 as a target to take-profit. If the current trend breaks down, we'll head towards $0.70 again for another retest of the previous high...

theformalfox

If we don't head to $1 first, we'll at least head back down to the previous ATH around 0.70 to see if the previous resistance has flipped to support. After that, we could rocket straight to $1 and beyond, do a rising triangle, do a falling triangle to another week of sideways (which $NU loves to do). Maybe even drop to $0 in the next ten minutes. Who knows?!

theformalfox

Based on previous pops NU may see some more "sideways" from here, granted the current sideways has shown a 20% increase in price over the past 5 days. Let's see if we get another pop within the next few hours. Strap your seatbelt on and be prepared for either direction.

theformalfox

My short call is strictly based on the descending triangle, nothing else. There are quite a few fundamentals that could hold the line and push the price further. If the descending triangle breaks NU may fall back down for a very short ride to retest the previous ATH, or even lower.

theformalfox

Just broke upwards through a rising channel. Waiting to see if it holds. Going parabolic? (SHRUG) Be sure to DYOR and manage risk. I'm in no way a financial advisor.

theformalfox

If this current XLM run doesn't bust through the trend line and successfully turn 0.35 into support we will make a short run back down to 0.32-0.33 where I plan to pick some up after confirming a successful bounce and not a further decline. Just a guess. I'm not a professional in any way so read this with caution. DYOR, manage risk, and enjoy the ride!

theformalfox Updated 

We're coming up on the top of the previous channel. The election was just called in favor of Biden. I would have more confidence in calling a long here but election jitters might break us back into the previous channel for a lower bounce.

theformalfox Updated 

There is a bearish divergence on the daily & 4 hour RSI. The last time we saw a 4 hour divergence matched with a bounce on the 50 EMA line we saw a continuation downwards. We are also pushing up towards a very strong resistance line. I suspect either a break of the EMA heading towards a bounce around $12.4k or some more time bouncing between the EMA and the...