On a daily chart, the faster EMA and slower MA is about to crossover if this bullish momentum continues. Volume profile is showing us key support levels here.
Same goes for the ADX and +DI, -DI indicator. What I like about this chart is the price movements are respecting each level of fib retracements.
If the price break and sustain at $1.20, this is going to be...
Volume Profile shows a few LVN and total lack of volume that can support the price. Heavy top might just put more pressure on the price to go lower.
Expect to re-test previous low at 0.63 and a retrace to 0.73.
After the accelerated momentum seen yesterday due to bitflyer listing news, LSK has been on a retracement.
Base on the fib retracement analysis, we can see that it has retrace to the support level that has been tested multiple times at $21 dollars.
The trendline and counter-trendline indicates that the price will consolidate in a few days.
However, 4 hour chart...
From the 4H chart, LTC price action seems to break the counter-trend line and heading north towards $200.
Base on the fib levels, if it breaks beyond $200, there's a good chance it can break the 200 EMA and hit $215 target.
BTC, ETH is rallying, time for LTC now.
Unless Charlie Lee open his mouth and says something stupid.
There's a huge demand for XLM recently after Stripe announce ending support of BTC. So my curiosity got to me and I can't help to think that this is a great trading setup.
Base on the EMA, MA lines, I see a sharp acceleration typically seen on a breakout.
Do I open a long trade now? I'm sure that the EMA will guide me and believe that there will be a price...
On the 4 hour chart, things looks quite interesting. For the past few days, the prices had neatly been tested on the faster EMA level.
However, on the daily chart, the spread between the slower MA and the faster EMA shows quite a considerable distance.
The trend line has been tested a few times and each time confirming the uptrend. The counter-trend and trend...
XRP bounces off the correction and we're seeing a considerable buy volume a few days ago to get in a nice entry price.
Assuming XRP prices will follow the same past patterns ( see ellipses ), I think we'll see a few days of consolidation before a new break is going to happen in the next 2 weeks.
New support level at $1.17. Next target $4 & $5.
If we survive this bounce from our last correction, I am quite bullish that ETH will hit $1600 next week.
The trendline looks positive but I'm still hoping for more volume. Seeing that we're heading to the weekends, expect we'll go sideways for a day or two before momentum really pushes up the price and demand.
I don't think we have reached the bottom for ETH yet.
Base on the daily chart EMA and MA, we're are heading towards a crossover and confirm a suppressed price heading downwards.
Base on fib at 78.6% level, it will possibly drop to $650. The 200 EMA indicator support at $480 region.
I will set buy entry at both $650 and $480.
Are we out of the woods yet? I don't think so.
From the support level at $5800 to the highest at almost $20k and now at $10k level, we're seeing a full retracement of the market.
On the daily chart, there seems to be confluence at the 78.6% fib level with the 200 EMA at the $8500 region.
The EMA, MA indicates that we are heading downwards to this...
Market is in a major correction today and from the daily chart perspective, XRP price has done a retracement since its all time high and currently respecting the 78.6% fib retracement level.
EMA and MA has crossover and we're seeing price being surpress even more and people are pressured to sell in fear of losing money.
If you're long on this, a great entry...