the LTC price has remained stable during the past 24 hours. However, at the time of writing, LTC seems to be in bad shape after a massive drop down since late week Will the altcoin recover and push above $170 yesterday , I am thinking it will drop deeply caused by : 1- Head and shoulder formation on Weekly chart 2- Negative sentiment remain bearish within the...
WIth ETH just broken down the rising wedge with bearish engulfing weekly candle indicating ETH will drop down toward 852 , its suggested shorting from 1570 and all confirmed with Divergence
Rising Wedge , we will have a correction before next target @ 61000 , the falling wedge supported by Wolfe waves 6 and RSI divergence , be caution this pattern would be confirmed by breaking down the wedge up trend , this scenario would be canceled in case BTC would break 51000 and stand above this level for daily candle toward 61000 the same target we are may see.
Pannet Formation with increasing volume in AVAX indicating an uptrend toward 40s , 12.80 with SL 12 , if this formation failed and drop below 10.60 double positions would be taken from 7
Rectangle Breaks Up buy now and put your SL below 3.90 as its supposed to hold an we should exit if daily candle break down this level target is 5.49
Cup and Handle for Harmony , its better to wait for reversal to the support level to buy 0.012 and target 0.06 , the support should be hold on weekly candles
Takuri Candle mean flying to the moon , I wish i could have a weekly remain the same shape to fly with this candle toward 161% Extension to 412 soon
Finally LTC breaking up the formation nick line as long as its hold on weekly it will target the historical high 367 and seems the pattern formation would target 975 but lets delay this target and concentrate on our first target , things is moving fast and people are thinking that LTC is faster 4 times than BTC and it could be targeted considering the limitation...
Cub and Handle With NEO , with increasing volume the pattern would target 60 /80$ soon just we need the nick line to hold , it seems we are in impulse wave 3 confirmed with high volume this scenario will remain stable as soon as 29$ would hold
with BTC breaking up the channel it will target 54000 , safe buying could be 42000 and SL 36500 below the channel downtrend
In a short term as long 145 hold as SL , its supposed for EGLD to bounce up further with Trailing Stop every 40$ , i like 4H chart its indicating an up trend as long 166 will hold
THETA will resume its up trend as long as 2.39 will hold 4.4 would be the first target
Cub and Handle With Cordano still in third wave , its expected to resume its up trend toward the historical resistance 1.40 second target 4 if waves goes as expected
It would be dangerous to buy BTC without getting a confirmation with closing above the downtrend line 34821 , at least we need a daily candle body above this level to buy again and 41000 wont be the level to worry about , lets see how the daily candle would look like !
Bitcoin Will confirm its Bearish Head and Shoulder, we will need a breaking below 34080 with a daily candle to confirm its direction toward the next support 25000 and we may reach 20000 the strongest support for BTC
Wedge and a drop would happen soon with wedge and bearish divergence seen , we still need the confirmation with breaking down the upper trend on Weekly candle
61% Fibo + Bearish Divergence + Upper Channel are indicating a drop supported with bearish engulfing