Litecoin, often referred to as "digital silver," has been quietly making waves in the cryptocurrency market. A compelling technical pattern has emerged, signaling the coin's strength and potential for a sustained bullish trend. Let's explore the concept of an ascending channel and what it suggests for Litecoin.
The Ascending Channel: A Bullish Structure
- This trade is with the daily and H4 trend
- There is a pattern on M15 and M30
- There is a lot of divergence
- This is a fast-moving pair so there is high stop loss but it should fall to the bottom (500)
This trade is with the H4 trend, and it has a pattern on M15 and M30, both of those timeframes are also overbought with multiple tops and divergence, this is a very good risk-to-reward type of trade as this is expected to fall all the way to the bottom.
Our uptrend line is reserved for the time being.
In the daily time frame, the crab pattern has appeared for us, which overlaps with the negative divergence of the RSI in the same time frame.
This pattern is a reversal of the trend.
If the upward trend line is broken and the range of $1,383 is consumed, the possibility of a corrective trend will be strengthened up...
All timeframes are overbought with a lot of divergence on H4 and H1, there is going to be a previous week's high, and will be the start of the week which most of the time means that the trade will fall. There is a pattern on H 4 and it is currently the 3rd top. tight stop loss with the 1st target being 0.9619
PEPE has been losing a lot of value after the initial listing on Binance. However, there might be some good news for the bulls in the near future.
Seeing that falling wedges are bullish reversal patterns, a break out from this pattern might be the signal where bulls are waiting for in order to step back into PEPE.
With a bullish/neutral BTC, this token can fly...
ARB has been trading inside this bearish channel for a couple of months now. I'm expecting the top resistance to hold yet again, making it a great area for a potential short entry.
Ideally, we wait for the RSI to be overbought on the daily and make an entry around the key area of 1$.
This is one of the biggest signs of a market crash for the stock COP. There is significant divergence on every timeframe, including a daily head and shoulders. this trade has multiple patterns the main one being on a Daily timeframe. Expecting this stock to drop to $112 with a decently tight stop loss, We have already taken this trade at $124.
As of last week, Ethereum has broken out of a rising wedge pattern which has been formed at the start of 2017, making it the longest pattern that exists on the ETH chart in recent memory.
Seeing that rising wedges are classically bearish reversal patterns, the risk is definitely to the downside. There's a risk that ETH will see more bearish pressure over the next...
SILVER broke out of
The bearish flag pattern
While trading in a local
Downtrend so I will be
Expecting bearish continuation
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We have explained to you the extremely important price levels and told you which areas are important with detailed explanations and indicator confirmations and price action confirmations.
So definitely from this analysis.
I've seen your interest on my previous BINANCE:TOMOUSDT analysis and wanted to keep you updated on the lower TF.
As my account is young, I have only 7 points of reputation, I cannot add pictures to my comments. So I decided to just put this in a new post.
As I've mentioned previously, we've hit the Entrance zone at $1 and went back up to...
In this analysis I want to talk about Bitcoin's bearish triangle pattern that has been unfolding itself over the last few weeks.
I'm not sure whether BTC still has a bullish move in it, but when it does, we are ready. As always with trading, it's a matter of > . If Bitcoin decides to move up, we will enter a short from the top resistance which has...
I've been fairly bearish since BTC failed to break through the top resistance of the channel a couple of weeks ago. However, BTC's price action this week seems promising at the very least, so we have to consider different outcomes at the very least.
My anticipation for the coming week is that we're going to retest the top purple resistance. We will get some...
Here is my latest structure analysis for FX:EURUSD .
I'll let the market for the next move, if the market become successful breaking the support @1.07809 it may change its pattern and continue to flow bearish.
Alternative Scenarios: the market tests the support and continue to move bullish, and if this happens the market may continue to move @1.10585 and...
QNT has been trading inside a bearish triangle pattern since September last year. With the most recent break out below the bottom support area, bears are more likely to step into a bearish bet.
I'm waiting for the price to make a new local low, a daily close below 89.9 will do the trick. We don't want to be trading a fake out!
Target at the 2022 lows.