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LRC - Update- We Aren't Done Yet!Continuing my theme recently, if you followed my last LRC trade it was good for.... 244%... Yeah - I don't know how that happened either. Anyway, looking at the chart, we saw almost a 30% retrace in value since hitting ATH at .6 area, nicely bring us out of oversold. Uptrend appears to still be in tact on MACD, interestingly the weekly has a ways to go still on RSI, see below Think we're good for at least another 120% here.. Likely higher as this has seriously legs behind it seemingly.
Long
by cryptosince1963
7
Market Update...USD edges higher in quiet trade as markets consider US stimulus, Brexit, virus. CAD modestly softer versus the USD, but intraday technicals are supportive. EUR holds relatively firm above 1.22, German Consumer Confidence sours. GBP softer as EU rejects UK offer on fish, Brexit talks grind on. JPY little changed, CHF out-performs on soft risk mood. AUD slides despite better-than-forecast 7% rise in Nov Retail Sales. The Euro is attempting to consolidate on the 1.2200 handle vs the Greenback after yesterday’s swoon below the round number and through technical support, with decent option expiry interest adding more layers of support given 2.3 bn at the strike and a further 1.1 bn at 1.2150. Meanwhile, the Loonie is still keeping an eye on crude prices before more Canadian data, albeit rather stale today and tomorrow compared to Xmas Eve (October average earnings, monthly GDP and November building permits respectively). Elsewhere, the Pound has regained a bit more composure following its extremely volatile start to the week, with Cable back near 1.3400 and Eur/Gbp pivoting 0.9100 after UK PM Johnson’s fishing concession and talks between himself and French President Macron aimed at unblocking the cargo route between Britain and France. However, reports that the latest offer on fisheries will be rejected by the EU has sparked another bout of selling in Sterling, in contrast to the Franc that is sitting tight just under 0.8850 and 1.0800 vs the Euro, in similar vein to the Yen keeping its head above 103.50, but likely to meet resistance at 103.00 in the form of 1.2 bn expiries.
by FTUKcom
8
Bitcoin MAJOR UpdatePlease review the current price action of BTC. 1. Bitcoin is still in the Ascending Channel 2. Just broke out of a small bull flag looking to test higher levels 3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels. 4. The top of the Channel is prices at 28-30K 5. Fear & Greed index is at an ATH. 6. Do NOT buy here 7. Expect a 20-40% Correction in the near future 8. Possible Alt Season During Correction - but not confirmed yet Forming another leg up but the trend will end soon.
COINBASE:BTCUSDLong
by GlobalHealthWealth
23/10/2020Hi guys and girls, I thought I would post a rough chart I have just done for ETH/USD. I am increasingly becoming more and more interested in Ethereum and it's use cases, though I admit, I'm a little late to the party when it comes to doing any TA lol. Here are some S/R levels I spotted that look to be relevant. To keep it short, ETH looks as if it's touching a local high from June this year. On the 4 hour TF we have been rejected a couple of times but there is all possibility there is more room to move upwards. Most say ETH will follow Bitcoin, and to me, all looks good for BTC so in theory we could go for another leg up however don't down play this resistance level. We do seem overextended on the momentum indicators and vol is slowly dropping off. The 21 and 50 day MA's are almost at the same point and the 21 is just a few $ more. We could see a pull back towards these levels but being new to ETH charts, I think I'll sit this out and watch for clarity though my gut says we go up a little more. Thanks :)
BYBIT:ETHUSD.P
by Crypto_Jakk