BITTREX:CROBTC is on a descending triangle on the daily taking us down to 700 Satoshi. We haven't broken the triangle downward yet, so the trade is not confirmed. We might still bounce off the top of the triangle in the next two days before breaking it downwards.
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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👤 Arman Shaban : @ArmanShabanTrading
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In the very short term it's rising but pay close attention to the resistance from 215 USD.
Because there are no large volumes of EGLD it's possible to stay on the downward trend towards 160 USD.
This is not investment advice!
I opened a Long just few days ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long on LTC :
► Bounce of the 0.786 fib level
► Potential V Shape recovery pattern (orange drawing)
► Bounce from a massive support zone
► High risk reward ratio
► Money Flow Index...
Not much has changed BTC continues to trade inside of this range, we can still see the micro trend inside the range remains bearish currently still LH LL structure, we did close our short i believe too early in this case. So just monitoring for now. Until we break this bearish structure there is a high probability we come down and retest 40k
#Ravencoin #RVN in a huge triangle...
Will the breakout be a continuation of the upwards direction?
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing