ZaloRostam

ZaloRostam Updated 

Could this happen? as you see price always keep close to blue line( Forgot the name ;) ) so It might go that far down to stay close to his pal the blue line. IT MIGHT this is very important word. this could affect other altcoins to move in same direction.

ZaloRostam

what do you think of this?

ZaloRostam Updated 

Price target forecast of $LTCUSD at www.bitstamp.net.

ZaloRostam

I think it is bullish

ZaloRostam

I think the move to higher price will continue and once we are over 200MA then we have more certainty that price is going higher.

ZaloRostam

It might bounce back to 113.80 (200 MA @ 4hr CHART (resistance) ) and then resume downward after. As you can see @ daily chart it stopped at 38.2 % fib. I think I would just sit and wait for next few days.

ZaloRostam

We have lower highs and lower lows for DOW30 which is bearish.

ZaloRostam Updated 

I can see Head and shoulder in 2 hourly chart and looks bearish.

ZaloRostam

Have look at this monthly chart, it is out of the bollinger band and I think you shouldn't chase it, wait to cool down then You will have the opportunity to buy.

ZaloRostam

It looks to me that $BTC wants some correction. It might drag other cryptos too e.g $LTC $ETH.

ZaloRostam

This is 4 hourly chart, You decide which way is going. It will be helpful to check weekly and monthly chart both for $LTCUSD and $BTCUSD. Good luck.

ZaloRostam

Crossed MACD and descending resistance that has held so far suggest a bearish move for USD against JPY which would generally be positive for gold and silver.

ZaloRostam

Now we have break down the triangle I think we have next support at 200MA @ 4 hourly chart.

ZaloRostam

This pair is on important juncture which breakout will be bullish for US DOLLAR and bearish for precious metals. So sit tight and wait for the outcome of this triangle resistance/support.

ZaloRostam

This pair sitting on 200 MA weekly support, so I think must sit on wait to see that support hold up or not.

ZaloRostam

$ETH $170 (61% Fib) could be a short term support

ZaloRostam

BTC most likely heading down as MACD and RSI are pointing downward.

ZaloRostam

BTC is on the downside, it might go all the way down to 61.8% (about $1266.91) Fib retracement. Check MACD it has turned down as it was very over bought. it needs some correction.