SEELE forms a perfect rounded bowl, not much of a technical analysis to be made here just looks nice. I have been seeing the basics of this formation a lot across the cryptocurrency market lately.
DCB and drop back into the lap of 8k. Jk, who the heck knows. lol
LTC ratio just did a strong bearish TK cross while trading below the BB basis. After narrowing for a short period of time, the BBs are opening up -- price to the downside. Given the short period of BB squeeze, this shouldn't be that much of a drop for LTC.
Potential head and shoulders along with bearish %B, BB ratio, and RSI suggests it's time to take profits or cut losses.
Using fib-time extension tool, we can roughly estimate a correction window for entry/exit positions.
EOS took the scenic route through the 8h kumo and broke through 7.75 support. CBI volatility indicator is glowing green (green columns in lower oscillator) meaning BB are pinching tight. We will likely see prices sub-6 USD. Zooming out to the 15h chart shows kumo support, but that's a heavy price climb to maintain bullish support in addition to having a weak part...
The Generation and Growing Supply of OMNI Comes to an End. medium.com
Price destroyed Bollinger bands in Wave 5 completion; ABC correction to wave 3 upper BB peak.
Price is expected to decline until it hits that fib level.
It's still above the daily kumo, but I expect that to change. If price retreats back to the kumo, reshort.
I think its time for USD index to drop a little back as well as Japanese Yen to take some strenght again in January 2017.I will sell that right after the new year begin with small position.Then if it reach 119-120 levels,i will short that for big position again With good MM of course .I will Aim for 115 level where i will close some part of position and will...