Topic: Trade Recommendations (Read 148 times)

Trade Recommendation: USDJPY

The Japanese Yen has a solid Hammer candle in place on the hourly chart (USDJPY). This has a great potential as a setup to go long on a breakout above the high of the candle.

There is support at the Opening Range low which is the lower set of white dots. This is a good place for the stop loss.

We must wait for confirmation however, and this will increase our chances of success if we buy on strength. Using the 60 minute chart we will want to buy on a breakout above 111.060. This will confirm the market wants to move higher. Place the stop loss and the profit targets stated below.

Entry Price: 111.060
Stop Loss: 110.880
Profit Targets: First profit target 111.350. Second profit target is 111.490. When the market hits first profit target bring the stop loss to breakeven, then trail a stop loss 15 pips as market moves up, until second profit target is hit.



This is a Trade Recommendation from hacked.com.
Here is the link: https://hacked.com/trade-recommendation-usdjpy-17/

Trade Recommendation: aelf/Ethereum

The aelf/Ethereum pair (ELF/ETH) showed signs of bullishness when it breached resistance of 0.002, and went as high as 0.00265 on January 7, 2018. On the same day, however, the pair closed at 0.00206652. The price action created a long wick above the daily candle’s body indicating that bears are not yet ready to give up 0.002 resistance. The next day, the pair closed below 0.002, and that gave bears the momentum they needed to send the market spiraling down. 

On January 16, ELF/ETH bottomed out at 0.000956. Bottom pickers stepped in, and pushed the market to as high as 0.00233959 on January 25. As expected, bears repelled the advance. While the market tumbled, this could be an opportunity for you to pick the bottom. 

Technical analysis show that aelf/Ethereum appears to be in sideways consolidation, locked between 0.002 and 0.001. Recently, the pair fell down to 0.001 support, and it seems that the market is respecting that level. In addition, volume has been thin which suggests that sellers are losing interest to sell at this price point. Once bottom pickers enter the picture, they can ignite a rally that can send the market to our target.

The strategy is to buy as close to 0.001 support as possible. If bulls defend this territory, they will likely use it to send the market to the top end of the range and our target of 0.002. The process may take a month.

Daily Chart of aelf/Ethereum on Binance



As of this writing, the aelf/Ethereum pair is trading at 0.00112112 on Binance.

Summary of Strategy

Buy: As close to 0.001 as possible.

Target: 0.002

Stop:  0.00095

This is a Trade Recommendation from hacked.com.
Here is the link: https://hacked.com/trade-recommendation-aelf-ethereum/

Trade Recommendation: Neoscoin

The Neoscoin/Bitcoin (NEOS/BTC) showed signs of bullishness on December 29, 2017 when it took out resistance of 0.00065. The surge on that day was so strong that the pair went as high as 0.00136314. At this price level, the market flashed overbought readings. In addition, the market has grown by almost 110%. Breakout players were more than happy to take profits.

Faced with heavy selling pressure, the market plunged to as low as 0.00072312 on January 6, 2018. Bottom pickers entered the market and pushed it to 0.00117825 on January 8. However, 0.00117825 is a lower high and lower highs kill market momentums. Since then, NEOS/BTC has been dropping, and that offers you a chance to pick the bottom.

Technical analysis reveal that Neoscoin/Bitcoin has taken out critical support of 0.00065. Below 0.00065, the next firm support is 0.0003. In addition, the market is on track to flash oversold signals once it touches 0.0003. That could be the spark that can take NEOS/BTC to our target.

The strategy is to buy as close to 0.0003 as possible. If the market continues to respect this level, it might create a new base before it can restart its climb to 0.00065. The process may take a month.

Daily Chart of Neoscoin/Bitcoin on Poloniex



As of this writing, the Neoscoin/Bitcoin pair is trading at 0.00037066 on Poloniex.

Summary of Strategy

Buy: As close to 0.0003 as possible.

Target: 0.00065

Stop:  0.00027

This is a Trade Recommendation from hacked.com.
Here is the link: https://hacked.com/trade-recommendation-neoscoin-2/