The daily formations on Doge may actually be interesting here.
We can see the middle of the bollinger band has historically provided support.
There seems to be strong support forming at the 0.618 FIB currently
If the current triangle formation (very visible on the hourly and 15 mins charts) breaks to the upside we could be looking at a bullish pennant...
I'll keep this brief.
As expected, Doge has been ranging. The daily chart has formed a Pennant, so we look to lower timeframes to get a feel. 4 Hour chart clearly shows higher highs and higher lows as you can see.
I expect Doge to breakout today/tomorrow and retest the 0.42 zone.
What I will be doing, is holding through that test because we also see a clear...
Hello traders.
I believe over the next hours ADA is a potentially interesting buy.
On the 4 hour chart a few things are happening:
1) Triangle pattern nearing it's end suggesting price will break out either direction.
2) The candle is showing a potential bounce on the 200 EMA. Historically ADA has performed well on these bounces on both higher and lower...
(Scalping/Short term trading)
The next couple of hours I think will determine the near term for LTC. We are caught in a strong downtrend, but meeting heavy resistance currently.
As marked on the chart - I think the check marks a great indicator of a reversal, and I think the X offers a great point for another short. Take a break and retest at the X is a safe...
