After the recent spike in price due several reasons (one being LTC entering the Korean exchange?), LTCUSD is showing triangle pattern towards perhaps a consolidation level. This level also happens to be located at a fibb retracement level. Where the price will go at the end of the triangle is unsure but it might proof to be a new strong resistance/support...
After yesterday's increase in price, LTCEUR has dropped to a 1.6 fibb level, below the initial support level. It then tested that resistance and failed to break it. Does this mean LTC is about to drop even lower or will it continue the path we saw yesterday? Let me know your thoughts. Any questions/comments are much appreciated!
Cheers!
Ethereum showing a falling wedge. Is it ready for another rise? In that case, what will the next resistance be? Any comments or ideas are very much appreciated!
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Spotted a Head and Shoulders pattern on the 4 hr chart BTCUSD. The neckline of the H&S pattern crosses close to the 50 day MA. Can we expect a short term downtrend if the trend crosses these levels? Leave your thoughts below. If you have any comments/questions please let me know.
Cheers.
A possible scenario for the recent decreasing price for BTCUSD. Will it fall back all the way a older resistance/fib level or will it recover much earlier. If you have any comments/ ideas please let me know.
