Recommendations
Trade Recommendation: ETHLend/Ethereum

The ETHLend/Ethereum pair (LEND/ETH) flashed signs of bullish strength when it went above resistance of 0.00015 on December 28, 2017. The breakout attracted momentum players who pushed the price to as high as 0.000418 on January 7, 2018. In less than two weeks, the market rose by almost 180%. With this growth rate, those who bought the breakout were happy to dump positions and lock gains.
As selling dominated the market, LEND/ETH plunged to 0.00010707 on January 16. While the market did bounce, it generated a lower high of 0.00021199. This snuffed out the market’s bullish steam and as a result, it broke below 0.00015 support on January 28. The nosedive might scare other traders, but this could be your opportunity to pick the bottom.
Technical analysis show that ETHLend/Ethereum appears to have bottomed out at 0.00007 on March 7. Also, it seems to be respecting 0.00008 support as the market has been trading at this level for a week now. While volume has been thin, this may be an indication that participants are no longer interested to sell at this price point. The market may rally when supply dries up.
The strategy is to buy as close to 0.00008 support as possible. If bulls defend this level, it will likely create a base before marching to our target of 0.00015. The process may take a month.
Daily Chart of ETHLend/Bitcoin on Binance
As of this writing, the ETHLend/Ethereum pair is trading at 0.00008101 on Binance.
Summary of Strategy
Buy: As close to 0.00008 as possible.
Target: 0.00015
Stop: 0.000075
Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.
Rate this post:
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.Follow @HackedCom
Feedback or Requests?
Recommendations
Trade Recommendation: EUR/ZAR

The Euro/South African Rand pair (EUR/ZAR) launched its uptrend in July 2013 when it breached resistance of 13. With a solid base between 8.70 – 13.00, the market soared to as high as 18.91174 in January 2016. In two and half years, the Euro grew by over 45% against the South African Rand. Those who bought the breakout and followed the trend started to take profits. After all, 18 was the target of the rounding bottom reversal pattern on the monthly chart that was triggered when the pair took out resistance of 13.
Faced with heavy selling pressure, EUR/ZAR fell to 13.37818 in March 2017. The higher low inspired a rally that lifted the market to 17.06768 in November 2017. Unfortunately for buyers at that level, the pair could no longer sustain its ascent. It then resumed its drop but interestingly, it appears to be carving another higher low.
Technical analysis reveal that the EUR/ZAR pair is creating a large symmetrical triangle pattern on the monthly chart. This comes after the market generated another higher low of 14.17454 in February 2018. As long as the pair respects the trendline, it has a very good chance of breaking out of the continuation pattern and mount a significant rally.
The strategy is to buy as close to 14.35 as possible. If bulls continue to move according to the trendline, the market will likely contract before exploding upward to our target of 20.00. The process may take more than a year.
Monthly Chart of EUR/ZAR on OANDA
As of this writing, the EUR/ZAR pair is trading at 14.78268 on OANDA.
Summary of Strategy
Buy: As close to 14.35 as possible.
Target: 20
Stop: 14.17454
Featured image courtesy of Shutterstock
Rate this post:
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.Follow @HackedCom
Feedback or Requests?
Recommendations
Trade Recommendation: ICON/Bitcoin

The ICON/Bitcoin pair (ICX/BTC) started its bull run on January 1, 2018 when it took out resistance of 0.0004. Even though the pair had no solid base below 0.0004, the breakout was able to generate enough momentum to push the price to as high as 0.0009194 on January 30. In about a month, the market rose by almost 130%. Those who bought the breakout were happy to take profits.
Without a good base to sustain a long bull run, the market plummeted under increased selling pressure. It fell to as low as 0.0003799 on February 5 before it rallied. The pair managed to bounce to 0.0006175 on February 6, but the lower high showed that the market has turned extremely bearish. ICX/BTC responded by posting a series of lower highs and lower lows until it found the bottom at 0.0002135 on March 18. The pair has been rallying since, and it seems poised to launch another bull run.
Technical analysis reveal that ICON/Bitcoin is in the process of taking out 0.0004 resistance. To complete the breakout, however, the pair must print volume of about 20 million ICON units. Those who bought the higher low are likely to take profits at the resistance. The pair needs buyers to accommodate the increased selling activity.
The strategy is to buy the breakout at 0.0004 as long as the prescribed volume is met. If bulls breach the resistance, they will ignite a rally that can take the market to our target of 0.00056. The process may take less than a month.
Daily Chart of ICX/BTC on Binance
As of this writing, the ICON/Bitcoin pair is trading at 0.000401 on Binance.
Summary of Strategy
Buy: Breakout at 0.0004 with 20 million ICON volume.
Target: 0.00056
Stop: 0.00036 after the breakout.
Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.
Rate this post:
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.Follow @HackedCom
Feedback or Requests?
Recommendations
Trade Recommendation: OmiseGo

This trade recommendation is setting up quickly and requires prompt attention
There is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the market long within the buy zone area but with a limit of 15.65 or close to this. This gives us a good risk reward ratio within a high probability setup with all this support. With the breakout this will confirm the market wants to move higher. Place the stop loss at the Opening Range low and the profit targets stated below.
Entry Price: 15.65
Stop Loss: 14.89
Profit Targets: First profit target 17.95. Second profit target 20.40. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss 1.00 points behind until second profit target is reached or stopped out.
Disclaimer: The writer owns Litecoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.
Rate this post:
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.Follow @HackedCom
Feedback or Requests?
-
Analysis5 days ago
Long-Term Cryptocurrency Analysis: Bumpy Road Ahead Despite Strong Rally
-
Analysis6 days ago
Cryptocurrency Prices: The Worst Is Behind
-
Altcoins1 week ago
What are the Chances of a Trillion-Dollar Crypto Market Emerging This Year?
-
Recommendations1 week ago
Trade Recommendation: Ethereum
-
Altcoins1 week ago
Crypto: Can Cardano Deliver The Goods?
-
Recommendations4 days ago
Trade Recommendation: Stellar
-
Market News1 day ago
Coinbase Alert: Amazon Is Coming
-
Analysis7 days ago
Crypto Update: Ethereum Rips Through $500, IOTA Hits $1.50, as Buyers Take Charge
You must be logged in to post a comment Login