LTC has been a weird one chart wise up through this time.
Bollinger Band analysis seems to provide the clearest insight into a potential pop.
Head fake - Bearish candles hit bottom BB and found support to bounce from (Pink Box)
BBW is at a lower extreme (Blue Box) - the tightening of the bands should open up and give way to upward movement
Look for weekly...
BTC has been wild lately.
Here we have a possible continuation pattern - pretty straight forward.
Breakout will be above point (D) at ~5273.33CNY / Confirmation above (B) at ~5378.22CNY
The pattern will be invalidated with a break below (C) ~5060.37CNY
I think the EUR will continue depreciating and appreciating against the CNY as shown by the general trends it seems to be following. There's consistent, although there's not 100% contact with the support and resistance lines. Maybe like 90%?
So hopefully it continues along this trend!
Critique away please :) .
With oil rallying, and China soon to be accepted by the IMF, to include the Yuan in the SDR currency basket, the technicals in this chart suddenly look very good to me.
You could go short here, with stops above yesterday's high to begin with. The currencies not affected by today's fear spike due to Deutsche Bank's shock were: the Euro (surprisingly!), XAU, XAG,...
3870 has built support at this key level, and with such a long-term trendline broken, this is the first strong, clear move up. Get out of shorts, and at least buy, but I am long. In the unlikely event that price dips below 3780, then look for signs of this being a fakeout. The USD prices for these levels are around $580 now and $565 at next lowest support.
OK, here's daily chart of Lisk at poloniex. I noticed that we had 1 big green candle + 6 mostly neutral smaller candles and again 1 big green. Now we have another 6 after big green. Size of Big Green candles is very similar. So if this is kind of pattern and it is not ending yet, we should see now another big green candle with similar size like others. Well, to be...
Appealing 7 months accumulation in the Shanghai Index, many opportunities ahead if it breaks above 3100. Especially watching out for underrated nano and micro companies (under $300 million market cap).
Possible count for trend continuation pattern.
Confirmation above (B).
(See Linked Chart - Meant to post w/ sooner)
- It is possible the triangle has further yet and could be wider than pictured.