Holding above 4.246 is bullish and you can set a stop below which is good R R.
Below that I would look at 3.316 where there is also a 200DMA and an excellent price for DCA
Below I will post my zones where I am looking to insert DCA on this altcoin because there is already a big discount
The liquidity zone is 60 million currently in the zone 2250-2220 and the highest liquidity is 2162. Below the highest liquidity is the highest peak on April 15, 2023 and the 100DMA that comes up. You can try long
I would not use margin or leverage below those zones. Obviously DCA.
This is a follow-up to the last setup that didn't work and where it was written...
Litecoin has compeletely retraced all gains from the Moneygram news. We blasted through the $50's, reaching as high as the $70's, before the FTX news slammed crypto markets. Liquidity and solvency issues came to light as Binance announced it was buying non-US divisions of another major crypto broker, FTX. Litecoin has subsequently retraced all gains, plummeting...
It found good support and RSI shows divergence. Also, OBV shows signs of strength.
I'm personally down from my entry, but I will add more to my position here.
Let me know your feedback.
Next update for UniSwap. I did Elliott Wave count and i still miss one last wave to the downside. Previous low was established on 22 September. This provide us a good opportunity to buy / long in the end of 5th Elliott impulse wave. This descending trend respects the blue channel also very nicely. 0.618 fib is the level, where smart money buying crypto.
If you...
Priceline of Tezos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.1505 to 1.1347
Sell between: 1.1883 to 1.2450
Regards,
Atif Akbar (moon333)
I think we are seeing a rebound of altcoins that could end when bitcoin dominance will touch the support at 69.9%, only below this level we might see a more significant rise of altcoins.
