Let's start by looking at the SpreadCoin ( SPR -0.98% ) chart. This chart starts February 2017, you can see how this coin did for over a year, and some dates to look at when each bull run happened.
SpreadCoin ( SPR -0.98% ) daily chart shows the following signals:
- You can also see the tops reached on each past bull run, both marked with a blue dotted line.
- The bottom is marked with a black line, this is the bottom reached after the last bull run, which is 0.00002741 hit on late March 2018.
- We can see a broken trend line (red dotted line). Which is followed by a strong breakout and we are preparing to move up.
- The RSI is very bullish as well as the other indicators (DMI, OBV and STOCH ).
- The MACD is starting to curve upward after a long period of positive divergence.
- The weekly chart is also looking good for a nice bull run.
- The first strong resistance is at 0.000246 which is about 4x our buy in price. If SPR -0.98% can break that price, we then aim for 0.000825 which is about 15x our entry point. This can be a short run, definitely, but the potential is definitely strong.
- Now let's get into the details on how to trade SpreadCoin ( SPR -0.98% ).
******* SpreadCoin ( SPR -0.98% ) Trade Analysis by Alan Masters *******
TRADE INSTRUCTIONS
Buy-in: 0.000044 - 0.000066
Targets:
SHORT
(1) 0.000073
(2) 0.000091
(3) 0.000120
(4) 0.000141
MID
(1) 0.000163
(2) 0.000199
(3) 0.000246
LONG
(1) 0.000332
(2) 0.000520
(3) 0.000654
(4) 0.000825 (All time high)
(5) 0.001317 (Just for fun)
Stop-loss: 0.000040
Trade strategy: Pull out your initial coin purchase as soon as possible and then play catching up the next target with the profits.
Note: Remember to diversify by dividing your capital into many different trades. By doing this, you will reduce risk as well as increase your chances of purchasing one of the many coins that will generate staggering profits in the soon coming Altcoins market bull run...
In the meantime, let's enjoy the profits that we are already earning.
Remember to sell small amounts of your holdings of each altcoin each time a target is reached. You can also aim for the big targets, but know that this will increase the risk.
Another good strategy is to take out profit from a coin that has gone up already, and move it to a newly developing coin/trade. So if you bought a coin three weeks ago that generated 80% profits. You can sell a portion of your holdings and use these funds to purchase into a new trade.
This way you diversify even more, extend your reach and increase your profits potential...
Namaste.