As shown on the chart, LTC has broken the month-long upward trend line, so probably here is a good short opportunity.
Also, from VPVR, we can see that $60 will be a key support.
Short at $72
Long at $60
By looking at this chart, we can see that in the first red box, ETH\LTC\EOS reached the top before BTC did, and soon the market collapse. Generally, when the correlation between BTC and other major coins enlarges, it suggests that there is not enough fund to support the ongoing upward trend. Thus, I would say now is a good short position.
In the timeframe of 1h, we can clearly see the trend line as a support level.
A good buy point will be fib 0.618 0.29 USDT
The 1st target will be at 0.36-0.38 USDT
The 2nd target will be fib 1.618 at 0.49 USDT
Stop Loss at fib 0.5 at 0.26 USDT
RISK/REWARD ratio: 3.25
Moving Average, MACD, and RSI shows no negative signals.
I will be very appreciated if you'd...
After a strong bullish uptrend, WICC is experiencing a callback on its way to new high.
The question now is at which price level the callback will stop.
From the Fib retracement, we can see that we are currently near the fib 0.5 level, and from the VPVR we can see the 0.236 level is a strong support level.
So my current opinion is that 0.5 fib is already an...