mrmading

mrmading

Moving Averages 100 and 300 just crossed in 4h BTC/USDT. This along with the strong support built at 29k price is a good sign to expect a new bull run coming. However, we should expect new corrections below 40k, which is probably the best opportunity to buy. 29k support should remain strong for this long trend to be consolidated.

mrmading

Look at that beauty

mrmading Updated 

It looks like we have a forming ascending triangle. We will likely retest ATH and subsequently the psychological barrier of 50k. If it breaks, we would expect to visit 52k next. On the other hand, if drops below 45900, we may expect a visit to 44500 and later

mrmading

As you can see in the chart, the 4h EMA was crossed. This did not happen since October. We'll have to way to see if this is the start of drop to 27500. This is quite aligned with the current stock2flow valuation in 463D: digitalik.net

mrmading

Entry: 37400 Stop Loss: 35900 Target Price: 41500 Risk/Reward Ratio : 2.86:1

mrmading Updated 

Potential inverse H&S pattern for uptrend. Entry Price: 36500 Target Price: 41560 SL 1: 35200 SL2: 33600

mrmading

If stochastic cross comes with a break of the 191 resistance within next few hours we should see LTC go to next resistance at 214$ within next 24h. - If it declines it we will probably head within next few days to a correction back to 160-170$.

mrmading

if the cross on stochastics happens and the price breaks the 191 resistance we should see LTC go up to hit the next resistance point @214. - However if fails to break it we will face a new correction as it's forming a double top.

mrmading

So after going down the stochastic has crossed for an upward trend and is coming out from under 20 line. Good sign is price didn't go down a lot. So, it seems it could be the sign we waiting for the next push that breaks the 170$ resistance. Will keep an eye on it

mrmading

Stochastic seems heading down the 80 line, it will be important to watch the price evolution in the next hours and see if a new cross returning happens in the indicator. It may lead to break the 170$ and head quickly towards 200$ as next support.