WAX - Weekly Double Bottom / Cup & Handle - Mainnet releaseWAX is currently trading right above the historical support of 1400 sat where it bounced for over 100% gains 3 times during the last year.
With their main net release approaching in Q2 this is an easy trade of 75 to 500% and likely beyond.
The WAX main net will be fully backward compatible with EOS while featuring its own payment infrastructure/fiat gateway including a stable coin, crypto to fiat credit card and a single sign-on solution.
With a focus on e-commerce and optimized BPs it will have advantages over EOS giving it an edge in some segments.
Introducing an easy to implement and probably fair on-chain RNG it will likely become one of the gambling platforms of choice.
At this point, WAX is already the chain with most daily transactions in the entire crypto market.
Closing in on their main net release and the ramp up on marketing there is some hype to be expected.
Unlike EOS right now WAX does not feature coin inflation but instead reduces circulating supply through several staking mechanisms that allow for active and passive income.
With the launch of its public chain WAX is announced to go open source and fully decentralized. The statement of full decentralization implies the formation of a foundation.
A run up to several dollars can be expected over the mid-term of the next one or two years.
For a possible good entry, I would watch for either a second bounce from 1400 sat or a confirmed break of 1500 sat resistance.
Should 1400 not serve as support, I would watch for an entry in the range of 1150 to 1250 by mid of April.
For more insight into the staking mechanisms read this ELI5 on their token economics:
medium.com
Staking
ONT (Ontology) Rallies Nearly 75% Since My Setup Not only did we rally close to $75 in Bitcoin value, but we pumped by 120% since the recent $0.50 bottom (USD). I'm just as proud of this call as I am of my TRX call back in November/December. We blasted past my initial target of 2200, and have been consolidating pretty well in the 2500-2600 zone. If we break the previous high, it's possible we can venture up to the next major resistance around 3200, and even all the way towards 4300. This coin has a history of going parabolic once it gets going, so I'd be careful about taking profit too early. However, if the market decides to test lower levels, we can head back down to test the 2000-2200 zone as support.
Anyway, the reason why I was able to predict this pump is by assuming accumulation based on volume and price action. As you read in my previous ONTBTC analysis (linked below), the volume was much higher than the previous consolidation period, and we also successfully broke out of the downtrend and tested it as support. Even though I bought at 1700/$0.60, I wasn't tricked by the move lower, since I simply saw this as part of the accumulation process. Obviously it was a risk, but making this call proves that my analysis has improved.
These are just possibilities I'm looking at. This is a forced long term hold for me, since nearly my entire stack is staked. Should have bought some for trading, but that was all I could afford at the time.
This is not financial advice.
-Victor Cobra
$NPXS PundiX; Gearing up for a breakBuy 53-55, expect a pull back around 60. Anything in this sub-60 range should be a solid buy zone since people will start accumulating for the 7% stake/dividend soon.
$NPXS PundiX: Ready to runAlright, taking another shot with this one. Binance just announced overnight that they'll honor the Pundi X token unlock program, meaning they'll pay you just over 7% dividend (in NPXS coins) per month based on your balance. Pundi is starting to accumulate like crazy as the Stochastic flips, and its pushing up against the resistance trend. I've set up our early targets based on recent action. The run has to start sometime, right? Why not take a shot here?!
GLTA
Decred DCR and Crypto Hodl for 2018 & beyond Roadmap [BTFD]Decred is a multi-platform digital currency with support for Windows, macOS, and Linux. Easy-to-use wallet apps enable sending, receiving, and mining Decred with just a few clicks.
Been buying up DCR on the lows in the past few years but not as much recently, been holding since last year on this one as it was one of my featured coins to hold back in winter 2017
DCR shows really strong support around $30-40 floor, we could see this retested again and be a great time to buy in again, Blue line is the baseline and should not fall much under this, good BTFD moments if it does - excellent profits if it comes back up to test the ath
dont forget if your holding lots of DCR, consider buying tickets and staking your hold for more returns
Decred has a massive dev team and supporters with focus on governance and progression
$SALT
$ARK
$GNT
$DCR
$XEM <------- next TA
$EQT
$OMG
$STRAT
$STORJ
$BTS
$LBC
$NEO
PPT (Populous Platform) Invoice Factoring on the blockchain This is one of my favorites and I think has amazing potential for this year and beyond (of course this is not investment advice). Earlier this year they had some issues and the platform was late to delivery. It is in live beta now with real live invoice financing hopefully to go mainstream summer 2018. Allows you to stake your tokens on their platform as collateral to finance liquidity in invoices to invoice sellers. When the invoice is paid by the payor, you get an interest percentage (typically 1 to 3%) plus your tokens back to finance the next invoice. With an average estimated monthly income of 1 to 3 percent this is a winner. Plus over time the token itself should gain amazing capital value. PPT BTC loves cup and handle fractals. Now it appears to be on its way to forming a huge cup. Lets see how it goes...
