Just tried to look at 1D chart and right now there are too many coincidences from previous ATH. All similiarities marked.
That is my 5 cents on the matter. Do what you will with the info, but I am going short long term, but ofc using stop-loss and moving it as the price moves. So should You, always!
It seems that we might be going up soon (1-2 weeks), but we will make at least 2 more tops and 2 lows, when we brake out at the March of 2020 for similar run we had in 2017. Zoom out or move around, to see my entire picture.
It seems that BTC has knocked some fins out of most alts, less so with XLM. But there are still multiple plays on the table.
Version 1 is that we push through the 0.08900 resistance. Version 2 we fall through first support at 0.07770 level and there we bounce back up again. Eventually Fib 0.618 should act as the strongest support here and if that holds, then the...
We are at the the point where ADA is going down to support once again at 0.03850 price zone. Just for a short time :)
This pattern- ascending widening wedge is 80% of times bearish.
But I believe that we will bounce from the support zone right back up and then going to real bull season again. Right at the time when BAKKT is going live.
Like always, place a Stop...
Looking at the price where LINK started and where we got the stop (~2$), it was basically near on point at the 0.618 Fib line to make it perfect AB pattern. Now lets hope next run from C to D makes it same way up. So we can draw perfect AB=CD pattern.
I got the 1D buy suggestion from the bot as well, when the price was at $2.14 . Which indicates more...
I think that next stop is at 0.618 Fibonacci line, which in 3-day graph should put us roughly at $ 2.0400 mark.
Which may not hold if BTC moves even lower to around 8300-8100 usd level. If that happens we will definetly see LINK at $ 1.7 or lower.
MACD Indicator is showing us, that we are about to cross down from moving average, which is not a good sign.
It seems that we are going lower as two clear BEAR flags have formed when looking at 1hour chart.
Entry or buy zone with yellow. If it falls furter to 2.8, them Stop Loss activated. If we brake 2.8 usd we go down to 2.2 for sure.
I think that LINK has shown great gain and will rise even more. Right now I think that right shoulder is coming and then a small drop, even below the trend line. But it will bounce back with furious anger and intent :P
Right now price is at $2.34 , but 30.06-01-07 the price will be $3.2 . At least I hope so :D
Not an investment advice, like always, but my own...
IOST soon has a path to take. As a perfectly symmetrical traingle pattern is forming. It is always a 50-50 chance. It may go up or down at the tipp of that triangle.
So far it has been a status quo on the market.
All I can say is keep an I on the charts and make an alert if possible, when price moves up or down at that tiping point and go into the position as...
This is my first published idea, so hope this kind of scenario plays out.
LTC halvening is on 6'th of August (my birthday :P), usually after those events take part, price comes down.
It is forming a "cup and handle" formation on 1W. Until 06.08.2019 we will see price moving between 128$-145$, but after LTC catches 145$ again, it will brake through it, Then there...