One of the most profitable altcoin trades of this altcoin season is coming: EXP - here's how and when!
The Anderson Report
As with all Anderson Reports, we will quickly overview the upcoming technicals of a coin or market. Today we're covering the small cap coin: EXP.
Let's jump right into it:
Expanse has been around for several years, it's an Ethereum-clone with smart contract capability. The Expanse team has had a number of important past partnerships like the one with CenturyLink that has set them apart from the usual riffraff. The team is dedicated and works hard to keep the community active.
EXP has been a powerhouse in altcoin bull-cycles, and moves hard when it does. Thinking back, there was a trading day in early 2016 when EXP went +3000% (not a typo) over the course of 8 hours, an incredible move for any coin.
Now, over the coming weeks, another strong move to nearly 200K satoshis will give a return of nearly +300%. The projection can be seen below on the 3-day chart:
Entry:
Investors who've been holding should simply continue to do so, pyramiding is an option if unallocated funds exist. Traders looking for an entry at this level should be active during price dips; use a risk management plan that includes an exit if the 12-hour candle closes below 38K sats, signaling a divergence.
Target and Exit Strategy:
The chart below is the 12-hour chart:
Expanse tends to move in sharp movements and likely will not maintain the peak for any significant period of time. In March, the final push for 200K sats will culminate on or about the 22nd. The price will likely very quickly wick back to the prior local high around 150K sats. Sells should be already preset at the 190K sat level in order to maximize profits.
Conclusions:
Based on prior data, this move will give the greatest returns for Expanse holders, in regards to its future short-term outlook. The overall altcoin cycle will be clutch in bolstering Expanses' momentum to slam though that 100K sat glass ceiling. As always friends, do you own research, practice tight risk management, and all time frames are an estimation, +/- a few days is realistic.
Have you bought or sold any Expanse recently?
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WTF is a "sats"? Well if you're like me, you didn't know until now ;) It's short for Satoshis:
Great post @thebeachedwhale :)
Cha-Ching!
nice post
Thank you for your analysis. I up voted you and will follow you.