LTC has obviously been trending down since the January peak.
I think it is about ready for to break the descending resistance line but LTC doesn't seem to lead the market. It follows the market so if the market as a whole continues blah then LTC will continue to trickle downward in my opinion.
If BTC has a breakout or a bunch of the alts and ETH break higher...
Here is my idea for ADA in the short term. I think as soon as ETH and BTC. Start to slow down or retrace people will take profit and put it into alts that are ready to move up like ADA.
Like and leave comments if you have thoughts on this.
Just my opinion not financial advise.
Here is my idea for the near term on XVGETH. I think there is some upside momentum to keep within the ascending wedge. Quite a bit of recent volatility shows pent up desire for movement upwards.
Anyway I will be entering as the chart shows with the target as shown. Time will tell...
Give a like and/or a comment if anything occurs after looking at this.
Does this look like ETH is forming a double bottom? If so it could signal a reversal.
Time to start watching this after the long decline I think.
Watch for the final formation of the second bottom and then stand by for the breakout above $414.
A conservative target is $484.
Stop below the bottom of the "buns" at around $360
If this is indeed a true reversal...
On the 4-hour BNBUSDT chart we can see two cup and handle formations. They look pretty clear to me.
The current cup has a bottom of around $10.00 and a rim at $13.85 for a height of $3.85.
If it follows the classic pattern a buy should be placed at the breakout point above the handle tend lines around $13.00 or so.
Stop loss should be set below the handle...