TRX is poised for a breakout, and with the upcoming events (Test Net, Coin Burn, Mainnet Launch), we're going to be quite explosive in momentum. Black horizontal lines are existing resistances, and beyond that, I've drawn fibos from our most recent low to our ATH. There are two things you can do- 1) Buy now and HODL, and profit take at my three target zones...
Hey guys, I got 3 LTC breakout test projection point (all given in UTC): 1) 180.60 at 1:00 am 3/22 2) 177.75 at 3:00 pm 3/22 3) 174.30 at 6:00 pm 3/24 I'm basing this merely off of points of intersection and currently sideways supports and resistance channels. Keep an eye out, and if we fail to break out, I'm officially calling for a short to complete an ABCD...
Target is around 9400, then a buy back at 8700. Good luck!
Consider this nice little short here a possibility. Hope those of you that go for it succeed, best of luck!
Right now, it looks like we're caught out in a wedge that establishes a resistance between 158-160. At this very moment, we're testing that wedge. We have an overall larger sideways resistance at the 180 region, so we need to break out of their to determine if we are in fact headed towards bullish momentum. Failure to breach that sideways resistance would indicate...
Am I bullish? I'd like to think I am, but data is making it hard for me to be convinced. I want to see us first break out of this falling wedge (red dotted lines), but from there, we have quite a heavy resistance to break (which by my count, it'll bring us to around 9800, and I would like to see on the 23rd). If we break up beyond 9800, I'm calling a breakout, in...
Hi all, I haven't posted in a while (although I'm fairly sure no one pays attention anyways lol), but I'm here with a chart that's short, sweet, and to the point. Looking at the weekly chart, I have my eyes on two points that would determine a move. By the end of the week, if we- 1) Close at or below 168.50, consider selling your position and look towards some...
Looking at the behavior of LTC in the past, you'll notice that any time it touches above a fib point, if it fails, it retraces fully to the the fib below. The way I see it is simple- If we fail to close out about 211 by the time the daily closes today, I will very confidently be selling off my LTC and waiting for 162 in the next few days. I'm still very prepared...
So for those of you that follow LTC, you'll realize we experienced a pretty big dip yesterday, approximately at 6:00 PM EST. Some would say that it was unexpected- was it really, though? Let's look at the signs. 1) We approached a major resistance of 260, but we stopped and tested the .786 level at 252. We didn't seem to hold it too long before taking a dive back...
Looking historical at Fib points past and present, you'll see some almost eerie accuracy regarding the instances at which we've touched fibs. Looking at the big picture here, given the rally we've seen up, could we very well see a bounce back down to 176? From the EMA standpoint, it seems as if we're still bullish, which is a signal I'm not making the mistake of...
I just noticed on the Stoch that we've officially crossed over into the overbought territory; people are calling bull, but does it make sense? I think we could be gearing up for a few days down to the 163 region. I will keep this trade updated as long as there's an interest. I could see a 7 day rally down right up until Litepay is launched.
Hey guys, I decided to create a couple fib retracements, where each smaller one was ultimately nested within the other. While my go to thus far has been the 103-420 fib, I've seen some people go back to the 77-420 zone, so I decided to include that. Beyond that, I created a nest fib between the .382 (223) and .236 (176) region of the 103-420 fib I created- this...
Hi guys, I normally tend to analyze LTC, as that's my primary stake, but I wanted to take a look at BTC. Now for quite some time, we were able to use BTC as a "tether" of sorts for the other alt coins, LTC included. It was common place that you were able to almost predict the movement of an alt based on the movement of BTC. If you take a look at several LTC...
In the past few days, we have seen a significant drop in volume. I believe we were trading somewhere around 1.2 mil not even a week ago? As I type this up, we're looking at about 278k on Gdax. While we've still been experiencing some pretty healthy 10-15 dollar swings, it's very clear that we're going through a slowly upward consolidation. The mess of lines drawn...
So after a painfully dull bout of trading between the 140-148 range the past day or so, we've seen a little momentum up until just shy of 160. While things have been going slow, it appears that our drought may be coming to an end here. For those that want to short/swing, I see 166 region being an excellent place for a little flip down to approximately the 158...
We touched the 100 region last night twice, which showed promised for a sticking point, but it seems we didn't want to secure that position for too long. At the time of me writing this, we've touched above 130, but there is a fair bit of indecision at the moment. It would wise to keep an open eye, and be sure not to do too many panic sells or buys. Once I see the...
Currently, I'm taking a look at the 1H chart. Looking at the 4H chart, you'll see signs of it being bullish, but I'm waiting for the candle to fully close out before making any calls I would expect us to need to see a closeout around 120-122 within the next 90 minutes to further determine our direction. I understand the temptation to buy is strong right now,...
So we've certainly had an interest couple of days. All signs seemed to point towards a run down, which very obviously was fulfilled. I've been keeping an eye on the 4H charts based off of the EMA 200/50 and we have cross upwards for the first time in roughly 7 days. The way I see it is we have two ways we're going- 1) We continue the pattern of 2/3 day bullish...