Showing a double bottom pattern at ~595k & currently trying to break out
UCTS Buy signal on the 12H // Lagging behind some other pairs.
Aiming for an entry at support level & aiming as 1st target for ~617k sats (10%)
and the 4H 200ema. A break above is not a guarantee of an uptrend, price needs to retest the triangle or the 4h 200ema and get supported.
If price gets rejected by resistance, it is more likely it will continue merrily its journey down.
Welcome to the crypto bubble.
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms...
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
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If we look towards December 8th, 2018. Its observed that price bounced back after hitting the bottom trendline of the downtrend channel and continue to produce ISHS which later generate over 100% move upward to test out the top trendline of the channel.
Here we are again at this bottom trendline and price already reacted to it with a genuine bounce and with the...
Yesterday I did BTC USD analysis which shows us that Bitcoin could grow in the following days.
If that prediction will be accurate, then we could see many altcoins lose in correlation with Bitcoin.
We are looking for one of the oldest altcoins - Litecoin. And many people think that Bitcoin and Litecoin moves in the same direction.
But that is false....
Litecoin is getting interesting for a buy position. It is crossing an important bearish trend line, close to a support level and its RSI is experiencing a bullish divergence. We recommend opening the long position if you have a bullish candlestick pattern as a bullish engolf in this region.
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Litecoin (LTCBTC) is now trying to break out of the falling wedge and it looks like this attempt to can be successful.
Notice the purple trendline, this is the resistance we are looking at.
Above this "purple trendline" we can easily see LTCBTC going higher (green arrows).
If LTCBTC fails to break this trendline and closes below EMA10 (0.006131), we can easily...
I will go through the most important support and resistance levels.
The top horizontal area here has acted both as resistance and support before. This S/R flip behaviour is extra indication that this is an important area. After having just seen that the price bounced off the resistance, it's confirmed that there is a lot of resistance for the bulls here at the...