I am buying this level. So, what we have here is a massive hammer candle, at the bottom of the lower Bollinger Band (Orange Line). Along with this we have a confirmed breakout from the bullish divergence based on the RSI (Yellow Lines). Nice pump after a lot of fear in the space, followed by a dump equally as big. Why are we okay with this and still buying this...
Treating this as a tweezer top. Confirmed up trend with a textbook harami cross as a tweezer top. Trend was definitely slowing down and should have told us the future was a little muddy. Retest of 16.5 is my target here.
Litecoin - probably lost a few there. I enjoy trading the charts, not the projects. Here LTC flipped the long term sig. level of $100 USD. Currently red on the day but back right at 100. Since the last bull market LTC has used this level as support and resistance, with BTC running, bull run blah blah, this is going to be support to me.
Here’s a couple spots showing us that TA is and always will be King. We are looking for patterns amongst the candles showing us a trend is slowing, and if we can get these signals at or near the billing we bands our likelihood increases.
That is what we have here circled. Big ‘ol green candle shooting yo through the previous red candle at the lower BB, and 4...
BINANCEUS:ATOMUSDT Atom has been one of the cleanest charts to trade on key levels alone. Here you have a few historically significant levels and we are approaching one around the 8.7 range. That coupled with the MA200 being at 8.5 right now, I’m picking some up at this level. I would get stopped out as soon as we have a daily close below the MA200.
