This chart's pretty easy. After falling through our $50 support and then through an even stronger $46ish support we went all the way down to the bottom of our Bollinger Band. Bounced there. Made it back over our 50 MA and then used that as a resting place for about a week. This then helped lift us through an intersecting middle Bollinger Band and $46 resistance....
Validated confluences
1.Support zone active since 7th of October showing strength
2.Weekly trend has been broken from this area
3.Profit margin 1:3
4.No resistance until 1.8000
5.Support zone engulfed/breached opposing resistance zone
Litecoin has very strong support around 0.010 BTC per coin (1:100 ratio). This is very undervalued and soon should break free. Expect change to 1:50, 1:25, 1:10 till 1:4 (and even 1:2) ratio with BTC the closer it gets to the August 1st date that is so crucial for BTC and cryptocurrencies future as a whole. The role of Litecoin will get clearer to mainstream as...
Hey!
As you can see it on the chart we have a strong support 'area' where the 200ema and my dark red horizontal line cross.
If price can break above the orange-ish line, then, a good long position can be placed - although the red downwards trendline can stop it.
Let's see how it goes - today is a very calm day, I do not expect any major movement.
Been trading this fractal stepping up on Stratis for quite sometime now. Thought I would share another possible repeat of this pattern.
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Dalin Anderson
Solid cup and handle formation across several time intervals. Support/Resistance channel indicates possible next target of $250. I am predicting a large dump at this price, as early investors will be collecting profits. Reasoning behind this price as a dump point lies in more in psychology than in technical analysis: $250 is a nice round whole number, that is...
Hey Everyone!
Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart.
As you can see SP500 has been on a good track of going higher and higher since the 2008 crash.
What we can see is after the 2009 dip it has achieved ATH's day after day.
Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't...
