HODL CHARTS --- OIL . ZCL . BTS . STEEM
Today we are looking at BCO (Bent Crude Oil), ZClassic, Bitshares, and STEEM. This is not financial advice, nor is this fundamental analysis. The crypto charts are subject to all kinds of news. For example, ZClassic has intangibles in play that could help price maintain a bullish momentum. That said if price dips, then one has a great opportunity to invest more into ZCL. These are all strictly Technical Analysis. I hope you enjoy the report!
Bentcrude Oil . BCO
Price is currently at $62.86. Price recently hit resistance around $71. Which was resistance at $69 in price history back to May of 2015. Next area of support is the .5 Fibonacci level of $57 which has some price history support. Next level of support is $53 zone.
What concerns me is that a bearish engulfing candle on the daily broke through the 21, 55, 100 Moving Average and is headed to the 200 MA which is also located in the $57 zone.
HODL Report ~ If you are in a short position, TP Zone is near $57. Or look to reenter between $57 & $53, then the next area of resistance is where we just fell, $69-$71.
Do you trade Options, Puts & Calls? What is your Options Strategy with BCO?
ZClassic . ZCL
Price is currently around $108. If we break above this resistance zone then up we go to $177 but if we bounce down then we could see support levels at $55.
Moving Averages on the Daily suggest we are at a place of Reckoning. Over the next 1-3 days, if price can convincingly break above $116 to say $125 or higher, then we may see a bullish run to $177 before significant Resistance Again.
Side Note: ZCL is holding up well in BTC price. It has bounced out of the Daily, .38 - .5 Fibonacci zone several times, never quite hitting the .5.
HODL Forecast ~ If you are looking to pick up more ZClassic at discount rates, then in the next few days you'll find out if you can get a sale. Otherwise if your investment could climb to the $177 zone where I'd be looking to take profit. Again, there is always opportunity, it's just going with the flow and knowing which opportunity is present for you.
What are your thoughts on ZClassic? Is there any news about ZClassic and Bitcoin Private that is worth mentioning from a Fundamental Analysis point of view?
Bitshares . BTS
Currently price is $.26 cents. Possible one more dip into the $.05cents to $.15 zone before a continuation of it's current range between $.15 and $.45cents. If it breaks above $.45 then the next point of resistance is $.55 cents. By May, the weekly MacD will have begun to recover from its current Bearish position and we could see a returning bullish momentum towards a dollar again.
HODL summary: Good ROI. 1-2 Months of discount prices.
What are your thoughts on BTS? What fundamental Analysis or News do you believe needs to be factored into this forecast?
STEEM
Price is currently around $4.25. Very little has changed since yesterday. The Daily 21 Moving Average is getting close to crossover on the 55 Moving Average and that is bearish. However is we break above it then the next place of resistance is $6.25. But if we bounce down from this current area we could go to support around $2.50-$2.90 zone before recovery.
One thing to consider is where price is within the Bollinger Bands. It is in the middle, which is an indecisive area meaning if price breaks convincingly above the middle moving average then we could see $6.75. But with such a bearish MacD, I feel we see a drop down to the lower border of the band which is around $2.90.
HODL Forecast ~ I still think we are going to range between the $2.50-$6.75 area until at least March. But after that we begin to break upward and fill that previous wicky candle back up to $9 and beyond.
What are your thoughts on STEEM? What Fundamental Analysis do you think is worth considering in the near future?
Thanks for coming along on this HODL Report Ride. Stay safe. See ya soon. If you found this useful or interesting, how's a bout an upvote, follow, resteem for a homie. And as always,
#UpVote #Resteem #Follow #ThankYous
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Hmm nice
thank yous z!
Coins mentioned in post:
Oh you know we're HODLing STEEM and BTS even beyond the moon. Kind of nerve wracking seeing the price action. I bet it'll be all the more better once the dust clears.
and Zclassic shot right up!