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LTCBTC not giving up yetWelcome fellow Tradingviewers, In this analyses we are going to show you our view on the current market situation for Litecoin. We will be analysing LTC using a top-down strategy , including candlestick patterns , indicators and price patterns . Monthly: - The monthly close was a bullish engulfing candle. - We are still below all Ma's - MACD is still bearish (with potential) Weekly: - We had a darth maul close. (showing indecisiveness) - Litecoin just missed becoming a bullish engulfing on this weekly. - Bullish MACD divergence. - MACD in bullish territory. - Below all MA's. Daily: - The last couple of signals (boxed) we're hard to read but seemed bullish, we had a bullish engulfing, then an inside candle and a bullish engulfing darth maul candle where we tested the 200 MA. - We are above 100 and 200 MA. - MACD is bullish. In summary: The monthly close for LTC seems to be indicating more bullish momentum, we do however first need extra validation before thinking of way higher grounds. LTC has been lagging behind in the market at the moment, last month LTC even declined to the 10th place in all cryptocurrencies, where in the previous Bullruns, LTC led the market. LTC hashrate seems to be climbing back towards normal levels. The Weekly bullish MACD divergence seems real and if this continues upwards then we might start to think about a possible trendreversal. The Daily signals also seem pretty bullish. The short term is bullish but for the longer term we still need confirmation! So LTC has not given up yet and there are some signals that LTC might start following the rest of the market sooner than later, however nothing is decided yet so this month should be an interesting one! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
by ForAllCrypto
VETBTC trendreversal confirmedWelcome fellow Tradingviewers, This analyses is only showing you guys my vision on VET and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! We can clearly see that VETBTC has broken out of the falling wedge it has been trading in for the last year or so. Monthly : We have seen a huge bullish engulfing candle, with a lot of Buying volume last month which indicates a lot more room for the upside. Weekly : We have closed the last weekly candle in a huge bullish engulfing one, indicating more upside. We have also closed beautifly above the 50MA for the first time since this chart is live. Volume is increasing and seems to be confirming our positions. RSI and MACD are still nowhere near bearish territory. Daily : VETBTC is now fighting the first taking profit zone at 100 sats after seeing some sellof at 93 sats, we are now ready to try to test 100 after the beautiful bullish engulfing candle 2 days ago. The volume has been starting to increase on the way up, which usually is a very bullish sign coming out of a wedge like this. We are also above all moving averages on the daily graph which gives us even more confidence that the prices are going to keep on rising. RSI , MACD are also bullish on this breakout and ready for another leg up. What's next? We have set three targets from the falling wedge, they can be found at 100, 160 and 220 sats. Depending on how fast and well these targets are going to get reached will change our trading plan, but as we know falling wedges usually indicate a trendreversal and it is not uncommon that they easily override their targets! If you have any questions please let me know in the comments below! Kind regards, Forallcrypto
Long
by ForAllCrypto
BATBTC, above 200MA and ready for a golden crossWelcome fellow Tradingviewers, This analyses is only showing you guys my vision on BAT and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like! We are a huge fan of BAt because this is one of the crypto projects that is already showing real world use-cases. (if youre not familiar with the use case, check: Brave Browser) A few weeks ago we spotted a great buying opportunity because of the huge MACD and RSI divergences that were seen on the daily and weekly timeframe. Now that we have cooled of a bit from that first run it is time to see if we can go for a second leg up. BATBTC has been consolidating above the daily 200 MA for almost two weeks now, with the 50MA almost crossing above the 200MA to create a golden cross we are confident that prices will start rising again. This was a short one, still hope that you guys enjoyed! KR, Forallcrypto
Long
by ForAllCrypto