I would like to share with the community a few trading setups that I will be closely watching and trading in the crypto-currency market this week. These trade opportunities aim to maximize return on investment and with minimum trade risk.
The method of trading is based purely on technical analysis using break-out chart patterns. I do not use indicators to make a decision whether to enter into a trade or not and are secondary. There are strict rules to the trading method that I follow at all times.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
ENIGMA - Buy Opportunity - 81% ROI - 8.5:1 Risk/Reward
Reasons to buy on a breakout from the consolidation zone:
- Valid break-out pattern with a clear consolidation zone (squeeze)
- Steady accumulation and increase in volume prior to a breakout
- High return on investment (81%) with 8.5:1 risk/reward
- Follow LIVE @ TradingView: https://goo.gl/CUadwe
NUCLEUS VISION - Buy Opportunity - 32% ROI - Risk/Reward 6:1
Reasons to buy on a re-test of the consolidation zone:
- Valid break-out pattern with a clear consolidation zone
- Smaller time frame patterns have hit profit targets = trend continuation
- High return on investment (32%) with massive 6:1 risk/reward
- Follow LIVE at TradingView: https://goo.gl/miW8jr
NEBLIO - Buy Opportunity - 75% ROI - 8:1 Risk/Reward
Reasons to buy on a re-test of the consolidation zone:
- Valid break-out pattern with a clear consolidation zone
- Smaller time frame patterns have hit profit targets = trend continuation
- High return on investment (75%) with massive 8:1 risk/reward
- Follow LIVE at TradingView: https://goo.gl/NqZvwq
ETHOS - Buy Opportunity - 60% ROI - 9:1 Risk/Reward
Reason to buy on a confirmed breakout of consolidation zone:
- Valid break-out pattern with a clear consolidation zone
- Consolidation occurring at the upper trend line of the larger break out pattern
- Smaller time frame break outs have reached target = trend continuation
- High return on investment (60%) with 9:1 risk/reward
- Follow LIVE at TradingView: https://goo.gl/xWsDaH