I'm conscious of how price has behaved around the highlighted pivot zone. This could be a good spot for strong rejection.
indicators are showing a loss of momentum on low time-frames, and we have failed to break resistance for a couple of days.
We are now seeing a pronounced drop of buy volume visible on the daily and hourly charts which...
Some strong buy signals developing on the currently daily and 4 hour charts.
RSI is showing a healthy bounce with volume following a good defence by the bulls at the historic support level provided by the bottom at EUR6.24 in November 2017.
From a purely technical perspective I have decided this is strong enough to open a small long, with my target at the top of...
RSI : bearish trending down
MACD: Bearish cross over signal.
Net Force Index : Bears are in control of the market. Bounces are shallow and short lived.
Pattern: Descending Triangle (bearish).
Timeline: expected to continue for 1-2 days.
TD Sequential: Perfect 9 - This normally indicates a 1-4 candle reversal, but should be discounted for now.
We are now...
Litecoin showing an uptrend, we have a long opportunity on the dip here. Bullish outlook confirmed by MACD crossover to upside, aswell as RSI and TTM Squeeze trending up. SCMR trends also advises a long entry on this candle. I advise a 2:1 risk, our aim is to sell some or all at the resistance as shown. Keep an eye on market volume, if it breaks out, ride the wave.
COINBASE:BTCUSD made an overdue move up to the 11.5k range after a period of reduced volatility of consolidation.
Overall market sentiment is more bearish than the fundamentals warrant in my opinion, with promising improvements to bitcoin transaction handling and fees via lightning network implementation.
- Japanese exchange coincheck was hacked losing some ...