ETH/USD is forming rising wedge pattern.
All in place:
- at least two reaction highs to form the upper resistance line, ideally three, each reaction high should be higher than the previous high
- at least two reaction lows are required to form the lower support line, each reaction low should be higher than the previous low
- ideally, volume will decline as prices...
ETH/USD approaches channel border.
Of course we all can say that ETH will go to the MOON and back, but looking at the volume You might ask Yourself - if nobody wants to sell who will buy?
Comparing volume from December last year to volume from January and February combined, You can notice straight away that although we had 60% drop in price the volume was poor and...
ETC sits on very strong support.
5 of March ETC holders will participate in Callisto ( CTO ) airdrop.
Last December when NXT was issuing Ignis ( IGNIS ) tokens, price of NXT went up 1100% (USD) or 700% (BTC) between 12/01 - 12/23
Not saying same thing will happen this time but consider this:
- ETC sits on strong support so You need massive momentum to drag price...
LTC/USD on potential drop to around 160-ish $.
Potential profit 17%.
Open position only when price confirms move direction.
We are at the top of channel so be extra cautious.
Once we have confirmation we ready to go down.
1 day chart - selling momentum fading. Volume decreasing. Big resistance around 10000$.
15M chart - higher lows and flat top. If top broke big chance price go to 9500 - 10000. Big buying volume right now.
Credit to Anna Coulling
"In my post of a little over a week ago which I entitled ‘Bitcoin et al….look out below’ and to the annoyance of many crypto fans, I suggested that the price of Bitcoin was set to collapse once the technical support region at $10,000 had been taken out.
As expected this has duly occurred with Bitcoin now trading well below this level at...