If we flip 49$ on daily with volume. I think we go to 68$ (multi-year resistance trandline). Hopefully, BTC remains rangebound to allow LTC to make a move. Which I think it would A good Risk :Reward trade with tight stop loss IMO. Not financial advice. ~Cheers
We are breaking out of the low time frame channel (red), which earlier I described to be a bearish retest of the mid term long channel (yellow) and was expecting to go lower with a bearish target of 180$. However ETH looks strong and possibly is breaking out inside the mid time frame channel. I remain in cash for now, but if it reclaims $218 I would be long and...
Think this is a clear retest of the channel ETH broke earlier. Think we consolidate here between 180-200$ unless it wants to enter back the channel in which case I would go in cash and wait for it to break 218$ on daily.
This is a post to keep our Greed in check. IN my previous ETHUSD post I expected a small wave up to $235 before the drop. However I have closed my long positions that I entered at various levels when ETH crashed below 100$. Not a financial advice but it looks too risky to hold ETHUSD or ETHBTC specially with leveraged positions at this point. Both ETH pairs...
Think the bearish divergence is gonna play out on RSI. Least we correct to 7k’s range. Macro structure looks thats of a consolidation for a while.
Should correct from $50 for a nice swing retest , forming the handle for the cup, with a target of $55. A long term view of LTC to $75 was posted earlier. If you find value please like and share.
ETH reached our target from previous post at $218 and corrected back. Now ETH is Breaking out if $218 and going to challenge the long parallel channel at $235
Think it goes down. Cluster of resistance overhead. If broken upside would be huge. Tight stop loss if going short.
In my opinion a portfolio with both of them longed will profit in the long run. So its always a win-win when trading this pair. This is how I think XTZ behaves while its XTZUSD pair goes to make all time high soon.
I think we breakout to the upside. One can wait for confirmation to either side. Nonetheless, it should be volatile soon. Check long term potential below.
Think DASH takes off to 120$ For a more conservative trade a close above 85$ can be confirmed on daily before entering
Think we can get this in coming weeks. Stay safe people. ~Cheers
Golden cross on weekly, very bullish breakout approaching. If BTC gives a pump, waves can skyrocket.
A nice retest with incoming volume. I see $218 incoming.
Two possible scenarios. Leaning Bullish given Buy volume coming in.
Watching this closely. Pattern suggests downside, order book suggests bulls holding good. It would be a pain for bears if this thing breaks up. In both case looking for volatility
I am hoping it holds above the red moving average on daily close. I see a beautiful pop then.
THis is what I think plays out after retest.