If your hands itching to short LTC, at least wait for a break in market structure, LTC has YET to break its uptrend since the start of it. With that said, current parabolic curve will produce a substantial correction if (when) broken.
Keep an eye on it
For those who trade on Bitfinex, IOTUSD looks not bad with a possible pop up to ~$0.40, take a look. Buying around $0.27 - $0.26 with a stop below $0.24 (aggressive) or $0.22 (more conservative), keep your risk small, guys.
Looks nicely because of rounding bottom action. Low risk buy play.
2 ways to play this
1) Buying bottom of the range (spread 71-74 buy orders), stop below the lows (below 65)
2) Buying on confirmation after price break and close above the resistance (88 sat) Note: price might not retest the breakout and just go straight to target, so there is this risk
I like how VEN looks here, buying around 100 sat (104-101) with a stop below 100 sat and targeting 150-158 sat is a play here. Another option (with confirmation) is/if VET breaks 120 sat and reclaims it as support (then buying 120 sat with a stop below that S/R and targeting same 150-158 sat)
Big companies already done reporting earnings (which is 1 of the reasons for this rally), the closest noticeable big company - CISCO $CSCO reports Feb 13, apart from that no big dogs in sight for DOW
Currently watching rising wedge with targets: ~25k; ~24750; ~24650
Keep an eye on LTC here, it is in bull pennant/flag formation, you can long it whenever inside the formation and stop just below it (marked red), this kind of tight stop will allow you to use less than 1% risk while having regular position size. That is a bit risky, so mind it. If it breaks down - we can long it even lower at better entry (see purple lines) Me...
Before we jump into any conclusions, I want to stress this out: IF we respect this trading range and IF we do not make any decisive lows (below 5600 max), this bottom could be similar to April's one. Absolutely do not @ me
There is a big falling wedge forming that I am watching also that can take us to 5400-5500 (for those who prefer classical charting)