NEO, End of first cycleShort term bearish, we are gonna end the a first minor cycle.
I think we still are in a bullish bigger cycle
Eliotwave
LTC/EUR - M30 - Three drives pattern / RSI resistanceLTC/EUR actually in a range, and in a Three drives pattern at B phase, waiting for 3rd phase to go long, you may actually go short until the bounce.
Signals:
- Three drives pattern actually in B phase (short until the bounce at 3rd phase)
- Moving average 25 and Bollinger Bands 35 are coming closer, should watch
- Bearish range
- RSI under resistance
Have a good night everyone, trade safe !
The correction is still not over (version B)Alternative:
It's look like Bitcoin is correcting to the blue box. Price target is around 3770. It's also the 38,2% fibonacci retracement (1830-4979).
The correction is still not over (version A)Bitcoin is still correcting. The 4-hours graph is forming a descending triangle. A positive break-out will start a new uptrend.
Ltc Correction.Increasing selling pressure, Rsi indicating over bought and a completion of the Eliot waver formation shows indications of an eminent correction. Expect a Double top formation at B as the markets tend to retest the Resistance level before heading down to the 38.2 Fibonacci level for a possible continuation or down to the 68.0 Fibonacci for consolidation to next move .
Resistance setup-EURJPYPrice has stopped in a resistance level (129,00 aprox) showing a clear bearish setup. Price is showing a corrective structure(flag) wich has rejected 61,8% of fibonacci retracement. Also, price is below MA200. We must see a clear breakout of the corrective structure to think about a short trade.
EURNOK buy setupHi guys,
The pair EURNOK looks like a buy. The pair nicely landed on the resistance turned support structure, and there has been a nice bullish engulfing signal and a clear follow on to the upside after. It is clear that there is more upside to be seen, and I am expecting a move to at least the previous structure high, as outlined on the chart.
Best regards,
Tom_Killick
ETH/BTC Eliott Wave Contracting TriangleWe are currently in an EW Contracting Triangle. This formation can raise the course by the resistance at 0.842 at the end of the triangle. Whether the assumption is confirmed can be seen at the latest at E. Here would be a good once in a long position.
Pitchfork/Wave AnalysisPitchfork analysis shows ethereum is going upward in trends with impulse wave 3 starting
