GBPAUD BUYI have reason to believe price will go up some off the double tap of the Weekly Support Zone (brown) with two targets, second one being at the Resistance Zone on the 1 hour.
Doubletarget
LTC as the dates getting closer we might see short term profits!As you see from the chart. MACD and price is showing positive inconsistency. (Bullish no. 1) And we are seeing two flag patterns that shows targets as green (Bullish no. 2). The left flag shows us a bit longer term target and I did not changed it. Yet we see another falling wedge formation and comes to wave 5. We have still 8-12 hours to understand and confirm that we are still bullish and people are not selling the news!(Bearish no. 1)
As fundamentals, bitpay is coming at 26th of this month and they made enourmous changes in codes including reducing the fee prices. This year we will have litpal as well. Do you remember MCO PAY TokenCard hype. Let's face it they were new coins. But this coin is not. And will have credit card! (Bullish no. 3)
I am suggesting that selling half of your position on first target and the other half at the second target. Because I beleive BTC will make a move in 2-3 days. Bullish or bearish. It doesnt matter but we will see lots of alts tanking. I want a last altcoin bullrun before btc does its movement. Yet I am not sure about it. People are expecting btc to 5k or 30k. Both makes on alt tank in these times.
I am strongly against using stop loss on this kind of volatile markets yet if you want you can set %10 stop from buttom of the wedge. Please check this pic i.ytimg.com
My strategy is getting my ETC into LTC. Probably before my ETC targets are reached because LTC's news are closer and has more potential I believe!!
Edit 1: You can zoom out to see why there is second target. Cheers!
Donation:
ETH: 0x9d8E87A0F35240b591FA69193B968a12f94613C6
LTC: LdAPTiapsEjdFWgiqrwnNx5iTLH5zc8Bz8 (I prefer LTC as the reasons you understand :) )
BTC: 1GKyaCbpm6U2HRuFNFvDoxaWeeQHVwNTnN
