LTCEURO, Cup and Handle?
Perfect shape, round, nice flat bottom with side way.
The last green HA shows lose of momentum.
CCI and TSI also need to settle a little before going up further to €108/€112.
I appreciate all feedback
LTCEUR trade ideas
LTC not able to change trend directoin
LTC tried breaking through the declining line several times but always retraced again. Price bounced twice at two Fibonacci lines. Also 200 EMA is showing no sign of a trend change. Overall little volume in the past week. MACD also pretty bearish at the moment. Continuously lower highs throughout the week. Buying not recommended since it will likely go down even further.
LTC/EUR possible reversal for the next few daysHi everyone,
Still learning and attempting to spot a bullish momentum starting tomorrow.
Price found a support and is going sideways following the top yellow trendline
CCI(20) is oversold at -68 and also shows signs of support along the trendline for the past 5/6 days. CCI is oversold for about a month now
EOM(14) is negative (-12) which means the price has a hard time to decrease. Eom is also negative for quite a while already and slowly goes back up
TSI(20,7) is below 0 for a long time and has rebounded 5 days ago, also looking for support and has finally crossed up (-41/-42)
Additionally, we can see HA candles exhaustion after a 4 days downtrend.
Looking back, I found (I think I found like all newbies) the same rebound, support, TSI cross and HA candles formation beginning of February.
Right now, I only use the tradingview crypto screener to estimate LTC global Volume. But I have studied Gdax Volume for the past 3 months. It seems that LTC/EUR/USD, BTC/USD and LTC/BTC volume have all reach bottom as well.
If volume rises tomorrow, we'll have a few green candles . I wish i could tell you the weather for tomorrow, like...buy right about now, add a stop loss at €91/92 and take profit at €108/112 but dont!
I appreciate all feedback
This post is only for educational purposes.
Abbiamo raggiunto il fondo?Smanettando un po su questi indicatori si nota come il MACD dei segnali chiari e visibili sul lungo termine di Long e l'altro indicatore sottostante indichi che abbiamo raggiunto il fondo. Adesso aspettiamo di vedere se sia un falso segnale e il prezzo contiuera a scendere (come in precedenza sia entrato un segnale long per poi tornare subito short) oppure vedremo una piccola ripresa.
LTCEUR Possible scenarios for sideway trend break
Price movement and fibonacci retracement could indicate three possible scenarios if the price breaks the sideway trend with two in favor of descending price and one in ascending price. It is hard to predict with certainty which outbreak will occur so as of right now I'd recommend to wait for entering and see what the next breakout will look like
