LTC is forming a based which will become a good supply or demand zone once prices are out of it. Strategy: Watch before building new position.
Get in @ 243, 1st target 256
Forming a textbook bullish pattern. Buy at 50, and wait for breakout.
Perfect setup with support at 61.8%. with a very small stop loss at .00222513 BTC
1. Falling Wedge 2. Oversld hourly RSI 3. Bullish BAT pattern 4. 50% Fib A lot of confirmation signals asking to go positional long
The long triangle is reaching its apex with dwindling volumes. Trade setup (my prediction) is to a. be long till 288 and close position b wait for break - Long above 288 target 319 , retrace to 288 and next target at 365 c. Below 243, target 180 with slight bounce from 225
Beautiful BAT harmonic pattern with oversold RSI levels on hourly and a Fib mark at 255. High probability trade
Wait and watch
15 min chart of ETH USD is following the upper resistance trend line. Short when it touches the line. If the price breaks the top line, don't panic, wait for it to come back and touch the line to close your short.
Following fib pattern and charts, 267 USD seems to be immediate target. If it holds on daily, will break triangle on upside.
Market still seems indecisive. Till ETH is rangebound between 286 and 321, keep yourself stick to channel and price support resistance trading.
Welcome aboard, next stop : 295 USD Downtrend channel broken
On the downside, triangle support at 291ish, while 260 is a bigger support being intersection of price line and fib level. However, 4hr RSI is quite low, so don't initiate fresh short. My take: If you have long position: Hold, If you have short position: hold :) Longer term view for investors: We are still due for a 5th Elliot wave. Also, weekly RSI which was too...
Update to my previous chart, bottom support line are parallel lines for low and for close. 5 touch points of triangle completed, time for a breakout within a week. Target - 500 to 550 USD
1. Daily RSI is in good range (important parameter for crytpos) 2. lower break at triangle earlier could not sustain and it broke back in triangle 3. Upside breakout expected for a quick up move.
a large move coming in counterparty coin/BTC Wait for the flag to break to see the direction.
up move in BTC expected, wait for H&S breakout confirmation