If ETH rejects from its current levels, which in my opinion is high in probability as it heavy historical and fibonacci resistance, we could see price fall to support before testing $260 again. Should price break above in a second test, we would have a confirmed cup and handle with substantial upside. I am currently shorting ETH as a result of this resistance,...
Right before I went to bed last night I couldn't help but notice a smaller falling wedge had formed inside the larger wedge I had been tracking. This fractal presented a must take entry. As you can see LTC is currently doing about 15% on the day after breaking out. This could keep riding provided BTCs bull run continues. Possible exits are based on trendline...
Just a simple potential roadmap for LTC/BTC. We are currently attempting to hold support at some pretty historically relevant levels.
Nothing special here gals, simple fib pivot pulls, historical resistance, and trend lines.
LTC ought to find and hold some support at current level at 50 retracement. but this may be temporary, setting up for an ABC correction...
While bitcoin stalls the bigger alts are seeing movement. ADA is lagging behind but if we have breakout of triangle we could see some big price action provided bitcoin behaves itself.
First trade is already in progress.
My plan provided the market geometry still makes the trade viable is to switch short at my target as it is pretty heavy resistance, then switch...
ADA BTC LONG.
Price has broken out of triangle, however breakout lacking Volume confirmation plus RSI showing bearish divergence on multiple time frames.
Price will pull back in the short term and allow us an entry when it completes wave 2. Buy in here with tight 2-3% stop loss. Hold for lambo.
BCH has had a ridiculous Bullrun, have we topped? who knows, but if we have we can short the 2-3 down with a tight stop loss on the other side of the .618 retracement of this first push down.
Let's see what the market decides.