You are right, I would wait for Syscoin to at least pull back to 200MA or even to 50MA. I usually don’t wait for confirmation, I would just buy between those two MA’s. It would make a nice reversed Head & Shoulder.
Pivx is a bit weaker, I don’t like this huge selloff when it touched this red line. I think if it pulls back and then breaks the red line I would be interested.
Ark is better than Pivx. Just a bit of a pull back or break of the red line would be nice.
The coin I like the most is Syscoin out of those three. But that’s what I see from technical point of view. You probably researched these three and understand it’s fundamentals bases as well.
The think I love about crypto is that most of them are not manipulated, not the way the stocks or gold and silver is. Not just yet. I recently bought ETH at $380.00, because the chart showed me a nice buy point. I’m not a short therm trader, I learned my lesson with stocks, but if I were I would love these charts.
I'm not much of a short term trader either, but I do use short term trading strategies to find intermediate to long term entries and exits, look for market action to get some confirmation for my ideas, etc., etc.
You have a great point! Thinking about it, I use short therm strategies as well to get the best price possible once I decide it’s good time to buy. Of course, keeping in mind it’s still a long therm investment.
I definitely agree with you on Syscoin! Not only the technicals look great, it also seems it’s extremely undervalued. And congratulation on your ETH. Nice buy! I missed it!
Thanks @rothberg. My ETH trade is still unrealized profit, which means until I sell it I still can loose. However, I’m in it for long therm, the risk is worth it.