Good day for Litecoin today (up approx.14% as of timing of publishing idea) but reached previous resistance levels. Closed all Long positions and awaiting a correction till 44 or even 42.50 to start placing long positions again as momentum has subsided.
Awaiting ETHUSD breakout above $300 and GANN resistance line. Previous Fib Retracement indicate a possible Take profit around $400+
Awaiting confirmation to open additional long positions on bitcoin/usd. BB medium band breakout, GANN line resitance coincide at $2500
LONG BTCUSD - Buying at the dip - 61.8% Fib level Support. RSI/Stochastic Levels confirmation.
Support above the trend line GANN. Stochastics confirmation, RSI is undervalued area. Good Risk/Reward ratio for long term position. Careful as Fib Extension 161.8 and 261.8 could lead Silver down to $15 and $13.5 levels. Daily and Weekly charts.
Long above 50% Retracement Level, Record Level highs, following the trend with CAUTION in sight of another rally!
Short position after an extended rally. Take Profit at 50% Retracement Level, respecting GANN line as support.
ETHEUR slowing down, respecting Support trend lkines from Gann Projection. Bullish Outlook. Short below the respective Gann line.
Multiple Oversold confirmations, approaching previous resistance levels.
A nice pull back on Ethereum after an extended rally. Multiple confirmations for a good support level around 0.786 Fib Levels. Good buying opportunity with tight stops in place.