Currently trading within a triangle, Indicators support selling but will look for more clear signs to sell.
looking for the retest of the triangle to confirm this is not a false break out.
Price have failed to break the support point, I will keep watching for new opportunity. RSI is forming a double bottom
Price have failed to break the support point, I will keep watching for new opportunity. RSI is forming a double bottom.
If the resistance trendline hold firm then BTCUSD will resume it's downward movement to 2317. On upside a break of the two resistance trendline will invalidate my bearish view. Price bounce is always something to watch out for, it's a good deal for scalpers but for me it isn't. Price bounce is because of the support point in 1 day chart.
If the resistance trendline hold firm then LTCUSD will resume it's downward movement to 35.70. On upside a break of the two resistance trendline will invalidate my bearish view. Price bounce is always something to watch out for, it's a good deal for scalpers but for me it isn't. Price bounce is because of the support point in 1 day chart.
Using the 4 hours to study LTCUSD, you will observe that next target is probably 35.70 which a break of that support point will take the pair to 34.00 level MACD and EMA is in support of my view.
Using the 4 hours chart to study BTCUSD, you will discover that a break of 2317 support point will take the pair to lower channel at 2200
LTC/USD to target support point at 33.95 in few days.
Base on the uncertainty in the Brexit issue many traders are selling GBP but I stick with the trend. Looking at the weekly chart, you will notice that RSI is trading withing the upward trendline and the pair is trading inside a channel. Moving Average is acting as a leading indicator here. Using a 12 hour chart to analyze will show you that buying at 1.68762 ...
BTC/USD is currently trading at 2552 within a channel, On the downside a close below the red exponential moving average will take the pair to support point at 2415. The pair could not break the support in the first test but a break of support point at 2415 will take the pair to 2067 support point. On the upside a break of the channel will invalidate my view.