Before I begin, I must state my reservations: this is an occurrence witnessed once back in 2017 and has not been tested since. With that being said, I applied similar trend analysis to BNB back in early May, predicting the accurate outcome of $28 to the very date. So, I am equally convinced and skeptical...
First off, there's a ZEC fork in mid-July? Didn't know...
This is just a quick snapshot of where the alt market is positioned: we're hitting some slight resistance at these levels as they were established months ago. However, the next resistance level up is that from the Aug 2018 timeframe. If the alts break from this symmetrical triangle and resistances (which would be by default).....enough said!
Happy trading and be...
Let's make this quick: Please look at BTC over the past weeks. It takes zero TA to show a correction was imminent. When you hear people saying that the chart resembles Dec 2017...that should be your clue. That fact that BTC and the rest of the crew are down double digits shouldn't even be news today - it was pretty obvious this day was on the horizon. And in my...
I've been waiting for a strong pullback on BNB over the past couple of weeks-months, however, it just kept powering on. While a -10% fall is on the moderate side in crypto, let's take a look at where BNB price is finding support and potential landing spots in the coming days...
First off, like every crypto, BNB has a large love-hate community, however, the asset...
Sat back this morning, played some Madden, and extrapolated ETH's moves from $188 based on its arsenal of bullish patterns over the past couple of days. What a time to be in the market. Waiting for this monster 4hr candle to close and hopefully several after. The next macro resistance levels to clear are the 212-220 regions. Best of luck!
Not financial advice -...
Not stating this as definitive evidence, however, as traders and investors, if something sticks out to you do not ignore it... That being said, LTC last visited the $93ish resistance and failed just over a month ago. At that point, the 1-hr 50EMA was LTC's support on the way up, but after rejection it served as a substantial resistance...now look at today's chart....
BNB bull flag set up on the 1-hr - as we begin to fall out, I am still watching for candle body closes on the 4-hr chart. However, these large caps, namely LTC and BTC are experience a slight sell-off after yesterday's rally, even in these traditional continuation patterns. STAY ON THESE!
Over the past week, LTC has respected the $75 resistance, even after breaking its latest falling wedge. Great returns came from the falling wedge setup, however, if this resistance continues to suppress LTC price movement, then it will ease LTC's falling if the bearish scenario for Bitcoin plays out. Personally, I am long on LTC, just not at the moment --...
That recovery! If you're trying to trade this, be aware the smaller time frames are overbought - verify a confirmation of the trend line before making trades.
Be safe!
Well...
As I was posting another chart for LTC's respect for the trendline as it reached the upper line of the falling wedge, this monster sell came through.
This is the 1 hour timeframe...its tough to see the 4hr looking much better. However, keep a look out for candle body closes for confirmation.
Eyes open!
I was really rooting for NULS these past couple of days, but this 1hr bear flag seemed to do its job and cleared the long term support trendline and whatever ascending triangle was remaining...keep an eye on it!
The daily chart shows a falling wedge finding support along the long term trendline. I'd say bullish but the $100 resistance will force LTC to make a big move around June.
Invalidated if the wedge fails, which will ultimately cause a break in the long term trend. Confirmed short term at a close around $77. Daily RSI could favor a sustained upward price action....
After ~17% drop 4/24, NULS/USDT invalidated an ascending triangle on the 1h. Any thoughts on how this 4h AT is charted? Does anyone see a move to the upside if we close a couple candles along the trendline?
