Still trapped in a trading range but seeing some upward pressure and we may be about to see noteworthy breakouts. I am personally watching that 560B level as a potential leading indicator of a bigger swing higher.
This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106. Looking for daily close confirmation and a bullish price action upon re-test of the level. See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it...
We may be at the beginning of the bull leg that takes us to 2,000. Just needs to break that 1,840. Watch how the market reacts to that price intra-day. Should give you clues on what it wants to do next (e.g. Breakout or pullback). Measured moves from preceding price action gives us near-term target of a little above 2,000. Good way to start the next leg of our...
Looking at 0.052 level as key to this potential breakout happening in the near term. This level is the highest weekly closing price so far which is a level that I always watch closely in terms of price action. I also used a big arrow so the market notices. :) Have a nice weekend, all!
From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation. Measured target for this move shown in the chart. This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what...
Watching that 127.00 as a potential support for a move higher to that 129.30 level. Needs a confirmed breakout signal first.
Almost at the measured objective. I'd say it's practically completed though. I do think it's set to go higher. IMO. Not trading advice.
Refer to a previous post for a higher time frame perspective on this breakout. Ascending triangle breakout in the making. Not trading advice.
I've been harping about this setup for a while now and kept getting stalled. Patience is a virtue they say. :) We really just need to take out that 0.49 level and there should be better probabilities we'll see that big move up.
Went into trading range for approximately 29 days and now things maybe looking up. Looking for a measured move off of consolidation to about 0.066. This bullish scenario likely happening soon if bulls manage to defend 0.0385 support level.
A nice textbook setup forming for this coin. Needs to be confirmed but looking good so far. Market has been all sideways lately so watch out for more of that (e.g. false break). Assuming this breakout is strong, one may expect the current candle to close near its high and a nice follow through candle tomorrow. A re-test of the trend line support is also a valid...
Another textbook pattern and a potential breakout setup. Measured targets marked. Not a trading advice. DYOR.
Theta looks to be breaking out of triangle pattern on daily chart. Setting up for a breakout also against Bitcoin.
We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed. Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.
Buying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later. A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters. The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this...
Been watching this setup unfold for a bit now. Seeing some follow through after breaking that tough 0.43 level on a daily closing basis (would love to see the weekly close too). Flip 0.49 and odds increase of a run to a measured move from this huge inverted H&S pattern.
Keeping it simple here as per usual. This as good as it gets if you're a breakout trader. This coin is in price discovery mode so.... moon? :)
Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either...