Been a long time I posted and wanted to share this idea with you all.
Since BTC is currently going gaga, we sure expect some alts to go super crazy as well, and I believe LTC is one of them (the other being ETH). This is a long term idea for LTC which I believe will happen in a few weeks, months or if not days due to crypto's volatility. LTC has...
I have been studying these coins for weeks now, and the indicators and weekly chart strongly show that ETHBTC can go low to the 0.021 levels and potentially retrace or find support.
Please share your thoughts and hit the thumbs up button if you find this chart helpful.
Some of us like me have been trading this coin from the $0.157 levels and based on measured move in technical analysis, IOTA is likely to hit a major target and resistance of approximately $0.300 before retracing to test and potentially find support on $0.2201 comfortably.
NOTE - This is a weekly timeframe so it may take a couple of weeks or less to play...
I do not trade BTC but I follow it aggressively because it dictates other coins. However, the weekly time frame gives us a more filtered and clearer picture of where this coin may be heading. As you can see from the charts, this week's candle seems to be closing above a major resistance of $7788 which has served as strong support on several occasions in the past....
The Bulls couldn't close IOTA above a major resistance of $0.1877. If we find support on the top trendline then there may be a chance to challenge the resistance again and take this coin to $0.22 as the first target. BITCOIN price and the next day candle for IOTA will tell us where this coin is heading. RSI is not overbought which supports upward movement.
I have been following IOTA for weeks now and entered at $0.157. This coin has a high tendency to get to $0.22 as the first target, and $0.3 as a final target before seeing a retracement or if BTC price does not come down because it basically affects altcoins.
What do you think? Your analysis are welcome.
The weekly chart on LTCBTC looks very bullish! The past two weekly candles were a battle between bulls and bears but finally finished in green so we may have high price this week for LTC, and RSI looks bullish as a strong signal.
Your thoughts are welcome.
I have been following this LTC/BTC coin for the past weeks. LTC has confirmed and found support on this trendline from the daily chart, and potentially looks like it will find support on the weekly chart as well.
Normally, it is safer to wait for this week's candle to close before taking a short trade on this coin - that is why I named the title "Aggressive". However, there seems to be a huge potential for this coin to retrace to the following support illustrated in this chart because of the crazy rally it had some days ago.
Position - Already went short from...
A daily chart which shows the resistance that ETH is likely to test. I have been long from $164, and believe we are going to test $300.
What do you think? Are we going to test and potentially break the $300 mark? Share your ideas!
So from my previous analysis on Bitcoin, we surprisingly closed above the primary resistance at $7788, and are likely to close above $8500 resistance this week, judging from the bullish and current action of Bitcoin. In turn, if this $8500 serve as support, then we may likely test $9990 as seen from my analysis.
What are your ideas?
LTCBTC has been holding quite strong despite how other coins have seriously dropped in prices. However, this coin has the potential to fall more based on some little technical studies.
We found this analysis on two measurements.
1. The 38% and 50% Fibonacci retracement levels: You will notice a support and resistance were formed at 0.00759 and 0.00985 on the...
The weekly timeframe seems to clearly show where the sellers are pushing the price of Bitcoin to. Or are we going to have a retracement to test the $5000 resistance area at the end of this week, as the RSI approaches the oversold region? Please share your ideas?