Litecoin looks like it could potentially see another revival, much like what we saw in 2017, and (somewhat) 2019. Their are rumors of new privacy features being implemented, which could easily kickstart a breakout from the technical setup. Volatility is current low, I expect within the next 6 months to a year for this coin to really start to bullishly reverse. Not...
I see two paths for Ripple ahead, both leading to an eventual test of the 5k sat region. XRP currently sits within a descending triangle, a pattern that is tradtionally bearish, however I have seen a number of times an altbtc descending triangle that breaks up, perhaps because it is actually a flat base. Volatility is currently at extreme lows, the squeeze...
Ethereum($ETH) has potentially reacted from it's resistance vs XRP. Historically XRP has often seen rallies during highs of the ratio, while it's declined during lows. The short call is relating to the ratio, the most logical way to play this is to LONG $XRP. You might also want to short ETH to trade the ratio.
I think Justin Sun said it best in regards to this one. You should seriously consider buying his (BEEP)coin. Rounding setup, plus on a higher timeframe what looks to be a flat base chart pattern getting ready for a potential longer term bullish play.
Price to earnings ratio is over 1000, everyone and their mother is trying to buy this stock, literally. I had multiple family members (none of whom are involved in actively managed investing or trading) reach out to me asking if I had purchased zoom shares. From a hindsight PoV, at the bottom, it would have made a lot of technical sense to do so, at current prices...
Not a huge fan of charting altcoins in Bitcoin, but as the USD chart also looks decent, it's possible $XRP might see some relief vs it's many year downtrend vs Bitcoin BTC here. The way I would play this is accumulate XRP exposure at the lows, and look to sell once public interest picks up if this pans out.
Cronos group is currently trading within a steep downwards parallel channel. My expectation is that this channel will break within a few months, steep channels like this rarely last this long on non logarithmic charts. I would love to buy an accumulation towards the bottom.
Bitcoin (BTC) has recently taken a nosedive in price. Here's one theory I've had over how the next breakout could play out. In 2018 the dump was started by a descending triangle, in 2020, a H&S formed before a large drop in price. I believe there is a decent chance we see a few weeks of consolidation and a bottoming pattern.
Would be interesting to see the 0.5 level retested. Following a small symmetrical triangle breakout, prices often move far beyond the "measure rule" target. My expectation is for this to test the old resistance and see if it can retake the recent highs.
In my experience trendly / volatile stocks have a tendency to have significant long term reversals from wedges and general downtrendline breaks. Extremely interested to see where this goes, if it does end up breaking out bullishly. Company could begin a new bull run, or simply reach target and mean revert.
The way I see it, Ravencoin could either continue it's uptrend, or resume the downtrend. From an R/R standpoint, betting on a long right now seems like a decent idea. The RVNBTC chart (not something I regularly look at) also looks relatively bottomy.
XTZ has broken out of a parabola curve, which predicts an 80% retracement of the advance. Personally I'd expect a retracement to the rectangle formation that Tezos originally broke out of. R/R is bad for a short setup, but if I owned any, I would consider liquidating or hedging here. Also might be worth looking at XTZBEAR tokens.
Ripple XRP has (barring a massive nuke before today's close) finished a rounding bottom pattern. I don't like the current price as an entry, but if we get a throwback to support, I'd love to get a long in. Target is based on height of the patterns (the "measure rule").