altcoins are enjoying a bullish upswing in momentum (MACD), which create attractive swing trade setups between support and resistance zones.
While most coins are still in a downtrend on Short- and Medium-Term basis, many are experiencing and upswing in momentum that could carry them to the next resistance zone.
Swing trade opportunities. While trend traders can continue to screen the market for the few remaining coins in an Uptrend, others can look for momentum swings.
Swing traders are looking to enter on momentum upswing, ideally around key levels (support and resistance) and exit when momentum loses steam. Read more on swing trading here.
Our Curated Charts highlight several such Swing Trade opportunities today:
Wanna be early? If you wanna catch breakouts early, check our curated charts and create simple price alerts for indicated resistance levels or MACD crossovers.
Typically, resistance breakouts result in further gains to the next resistance zone. Not always, of course, but often enough (~70% of time) to make it one of the most attractive trading strategies.
Ethereum (ETH) is among coins with a pending bullish momentum inflection (MACD) and resistance breakout (above $2,500), which could carry it to $3,000.
Find more trade setups on Curated Charts.
New MACD Buy / Sell signals tutorial video. MACD Buy / Sell crossover signals are a very popular and powerful momentum trading tool. We’ve added a 3 min video to our knowledge base on how to create a MACD Buy / Sell signal and alert for any coin (we used ADA as example). Watch here.
More recent blog posts:
Risk management – Stop Loss and trade size. In all of these setups, traders should use Stop Loss orders to manage their downside risk, in case the trade goes against us, as it often will. is about probabilities and even though these setups have a high win rate, one must be prepared to minimize losses on the trades that go bust. If Stop Loss order types are not supported by they exchange, at least set up a price alert (see video). Also, trade size should be such that you never risk losing more than 2% of your total equity. Keeping the trade size small allows the trader to setup a wider Stop Loss, which gives the trade more room and time to complete with success. Setting Stop Loss levels too tight can often result in getting knocked out of a trade prematurely.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice. There are risks associated with investing in cryptocurrencies. Loss of principal is possible.