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LTCUSD Technical Analysis 4 hour - Buy opportunityHi there. Current state: Entering trade a $33.94. Good luck! Indicators/Charts analysis: RSI: is neither overbought or oversold. It is currently trending up. I think this is a bullish indication Stoch RSI: is on its way down. K at 39. It may come down a little bit more further pushing the price down (hopefully enabling our entry point). Bollinger Bands: We went to the top of the band, made a correction and have been moving laterally. This is also a good bullish indication signaling there is a good probability we will continue with the current trend. EMAs: 12 has crossed EMA 26 and 50. Price currently moving on top of EMA 12. Movement on the averages has been mostly lateral. This is the short term price consolidation. Awesome Indicator: Indicator on the bearish side. I am using the rest of the indicators to interpret this as price consolidation. Volume: Volume has not been above MA 26 which is disappointing, but it has not been low either. This would signal consolidation. If volume was high we would be on a breakout already. Renko: We have now 3 green bricks trending up. In most instances after trending 3 bricks, there is at least a 4th one on our way (not always but most of the time) Renko RSI/Stock RSI: Both indicators are exiting oversold conditions. This supports further movement in the up direction. Stop Loss: $33.35 - Pretty tight since I am not sure we are about to have a more aggressive correction after LTC rebounded nicely.. Target: $35.88 (+5.7%) - I am using the previous 4 hour high as target. May consider taking profit before or at a minimum setting a sliding stop loss. Will likely monitor this throughout the night...I bet you do the same too! Alarms: None at the moment. Conclusion: Entering the train. I am using the 15 min chart to find my entry point. I basically do the same analysis in the 15 min chart to determine when it is time to enter. I have also looked at the day chart for a longer term indication. If you look in the daily chart you will see that down rallies usually last about 20 days...then there is a lateral move and a trend towards the middle of the band (on the day). All of this makes me believe there is still room to go up. This is somewhat a risky trade so my stop loss is tight. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
COINBASE:LTCUSDLong
by mariobenitez1618
LTCUSD Technical Analysis 4 hour - Buy opportunity.Hi there. Current state: Got in at $34.10. Managing risk by only trading 50% of our account size. Indicators/Charts analysis: RSI: reaching overbought, but not there yet. I think there is room to go given that we have been on a down trend for quite some time. Stoch RSI: oversold, starting to move downwards. However price spikes usually happen when stoch RSI is on its way down. The RSI not being overbought signals that there is still room to go up. Bollinger Bands: We are at the top of the band. There is a possibility of price moving back. Hopefully correction won't go to the bottom of the band and it will stay in the middle. EMAs: 12, 26 have crossed. This is a bullish indication. Price is currently above EMA 50 and MA 50. This is also bullish. Awesome Indicator: Currently above 0. This is bullish. Volume: There has been several periods were volume is above MA 26 and in most cases it has been bullish volume. Most down moves have been on lower volume indicating buying pressure (bullish). Renko: On an up trend. Previously brick size was at 0.88 but also looked at ATR 14 (1.6) and it is also up. This is a good indication. We follow the trend and the trend is up. Renko RSI/Stock RSI: RSI just starting to go up which signal price action has room to go up. Also Stoch RSI is just getting to the top. Usually this is a good spot to buy. I am really liking this one. Stop Loss: No stop loss yet. We don't want to get stopped out. I think this is a bullish trend. Instead risk will be managed by not investing the whole account size, only 50%. Target: $36.39 (+6.7%). Price chosen based on Fib retractments. Note that if price is reached we will immediately place the stop loss at target and will start sliding up in case price continues to move up. Alarms: None at the moment. Conclusion: Enter a buy trade ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
COINBASE:LTCUSDLong
by mariobenitez1618
4
XRPUSD Technical Analysis 4 hour - Buy opportunity approaching.Hi there. Current state: Still out. That means we have USD on hand. Indicators/Charts analysis: RSI: not longer in oversold conditions. Stoch RSI: in oversold conditions running back up. In cases like this I go with the RSI, since the stoch is an indicator of an indicator. Bollinger Bands: Price seems to be trending towards the middle of the band, however it has not breached it. Movement has been mostly lateral. EMAs: 12, 26 and 50 are all showing a down trend. Price however breached the EMA 12 several times during previous periods. This signals a push in the up direction. Awesome Indicator: Indicator is still bearish. Volume: Volume has been hovering around 26 MA line. Mixed (buy/sell). Indecision. Renko: Still showing a down trend, however we did get a green brick. At a minimum this should be considered as side movement/indecision. Renko RSI/Stock RSI: Oversold. Stoch RSI looking to exit oversold conditions. RSI is neutral at this time. Stop Loss: $0.38718 - This is our possible entry point. Target: $0.4066 (+ 5.01) - Based on fib retractments. We will evaluate if we keep this target or not, depending on price action. Alarms: None. Conclusion: Wait for a buy signal. Do not enter trade yet. I believe we may have an opportunity soon. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
KRAKEN:XRPUSD
by mariobenitez1618
XRPUSD Technical Analysis 4 hour - XRP trying to hold? can it?Hi there. Current state: Still out. That means we have USD on hand. Still waiting to see how ripple responds. Indicators/Charts analysis: RSI: heading into oversold territory, but not completely yet. Mostly moving horizontally, although price is moving down. Stoch RSI: is oversold. This may help boost xrp up a little At least in the short term. Bollinger Bands: We are at the bottom of the band, and band is widening. Not good. Price may continue to drop. EMAs: 12, 26 and 50 have all crossed in the down direction. These are lagging indicators so it means the momentum down has been happening for some time now. Awesome Indicator: Bears are still in control (red bars). Indicator finally crossed to the bearish area. Volume: Above 26 moving average. The great majority has been on the selling side. This again suggests people are offloading their xrp more than buying it. Renko: Switched to a down trend. Added a few more red bricks (size 0.0197). Renko RSI/Stock RSI: Neither indicator is oversold or overbought suggesting indecision (will the rest of the crypto market drag it down with it???). Stop Loss: Removed. Will wait to see what happens in the overall crypto market. All altcoins are being affected by the major drops and XRP is not exempt. I think price will likely drop to 0.38 soon. Target: None for now. Alarms: None for now. Conclusion: Do not enter trade yet. will not likely to enter a trade until price goes above EMA 12 (around 0.45 or 0.46) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
KRAKEN:XRPUSD
by mariobenitez1618
LTCUSD Technical Analysis 4 hour - and the bears have the ball!Hi there. Current state: Still out. That means we have USD on hand. I would get out now while there is time. There was a slim glimpse of hope today when price rebounded from $30.25 to $35.44 but that just attracted more sellers. We have to be careful not to enter a trade on these swings. Indicators/Charts analysis: RSI: leaving the oversold area. This does not look good, since prices has been dropping for a while. This suggests price will continue to drop. Stoch RSI: Approaching over bought. Also not good. It is not aligning with the RSI.. Bollinger Bands: We are at the bottom of the band. No clear sight of moving up yet. On the day time frame we are also out and it appears to be just the beginning of the BB opening. EMAs: 12, 26 and 50 are all showing a down trend. No signs of crossing either. Awesome Indicator: Bears are still in control (more red bars). Volume: Last 24 hour has been around 789,607 LTC. We have not seen such volume in months. This means that the majority of the market players were interested in liquidating their LTC. Obviously not good for the price. Renko: Still showing a down trend. Updated brick size to 0.88 to account for recent market volatility. Renko RSI/Stock RSI: RSI pointing down, suggesting more down movement. Stock RSI is overbought and pointing down. Also not a good sign, although overbought conditions last a while in renko stoch rsi and rsi indicators. Stop Loss: None. I probably won't enter a trade until price moves above 35 (if it ever does again) Target: None. Alarms: None. Will continue watching the market. Conclusion: No buy signal. I plan on waiting until prices show an indication of moving back up. There has been quite some swings as the prices continue to drop and lateral swings will get you good, so I rather avoid them and instead enter a trade once the trend is clearly up. It all seems to point down. I would get out now while there is time. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
COINBASE:LTCUSD
by mariobenitez1618
XRPUSD Technical Analysis 4 hour - Wait for buy opportunity.Hi there. Current state: Still out. That means we have USD on hand. Indicators/Charts analysis: RSI: Neither overbought or oversold. Indicates indecision in the market. You can see this since ripple manage to survive massive price drops across the crypto market. Stoch RSI: Approaching oversold. This indicates that we could have a reversal in the up direction. The RSI current value lends itself for this as well. Keep an eye on these. Bollinger Bands: Price has been moving around mid band, although on the lower end. This is mostly lateral movement, but again it lends itself to an up trend. EMAs: 12, 26 and 50 are all bunched together. Again, this indicates indecision. Have to wait for confirmation. Awesome Indicator: About to reach zero. However it has been oscillating close to the mid line. Again, this indicates indecision.Have to wait for confirmation. Volume: Volume has been moving around the 26 Moving Average. The last few periods have been mostly on the sell side. Since buy and sell volumes have been mostly the same, we have again indication of indecision. Renko: We have a green brick formed now. This does not indicate a trend change, but it could be the beginning. We have to watch. Renko RSI/Stock RSI: Stock RSI has room to go up. RSI too. However RSI shows a slight trend down, indicating possible price drops again. Stop Loss: $0.51727 - This is our possible entry point. Upon entering we will then setup a stop loss at: $0.4531 Target: $0.59337 - Target was chosen based on current resistances. We will revisit this target as the possibility for a nice rebound exists. Alarms: None. Conclusion: Wait for a buy signal. Do not enter trade yet. Patience. A patient trader is a profitable trader. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
KRAKEN:XRPUSD
by mariobenitez1618
LTCUSD Technical Analysis 4 hour - Aren't you happy you waited?Hi there. Current state: Still out. That means we have USD on hand. Aren't you happy you waited? Take a look at my previous analysis. I keep saying to have patience until we have a clear buy setup. I am certainly glad I have waited this long. Indicators/Charts analysis: RSI: is definitely oversold. It has reached the oversold condition a couple of times now. Stoch RSI: is also oversold. Note that this does not mean the bleeding will stop soon, but we will definitely keep an aye on the price. Bollinger Bands: We are at the bottom of the band. No clear sight of moving up yet. Price movement will likely be lateral for a little while. EMAs: 12, 26 and 50 are all showing a down trend. No signs of crossing either. This indicates at a minimum upcoming lateral price action. Awesome Indicator: Bears are still in control (red bars). There has been 2 dips, however second dip was not as prominent suggesting sell pressure may be slowing down. Volume: Last 24 hour has been around 524,380 LTC. This is actually pretty sizable for coinbase. Usually anything above 200,000 moves the price in a significant way. So a drop in price with this volume is not likely to rebound soon without first consolidating. I expect again some lateral price action. Renko: Still showing a down trend. A few more bricks were added today of course. Brick size (0.74). There is currently some movement up, but not significant/long enough to create a new green brick. Renko RSI/Stock RSI: Way oversold. However, as I said, these stay in the oversold area way longer than typical RSI/Stoch RSI. Stop Loss: $38.63 - This could be our potential entry point. Will have to monitor and watch out for any whipsaws. If we enter at this price we should immediately place our stop loss at $36.26. It sucks that coinbase does not have conditional order. Will have to be watching! Target: $40.87 (+5.7%) - First target. $41.90 (+8.4%) - Second target. These are based on current volume profiles and Fib retractment. We have to monitor our targets because there seems to be a potential for a nice rebound. We will have to be very patient with our trade. We will revisit these Alarms: $37.88 - Should warn us if price is moving up towards our stop loss. Conclusion: Wait for a buy signal. Do not enter trade yet. Patience. A patient trader is a profitable trader. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
COINBASE:LTCUSD
by mariobenitez1618