Candle
Stochastic Divergence Channel Line BounceStochastic divergence in a channel. I'm playing this one a little conservatively as it looks to be forming a rising wedge. There is still room to move up, but keep an eye on any reversal signals after you enter the trade. I'm confident in the move up and really like the reversal candle on 10/5 right on the trend line.
Buy: 17.00
Stop: 16.70
Target: 17.50 - 18.50
CVC Buy SignalLast red candle on the 1hr chart has a long lower wick and lots of volume. To me this signals a good entry point and the final dump off before climbing higher. Lower wick on that candle was confirmed by bullish action on the next. RSI is also looking good.
Litecoin confirms bullish move. Target $55.This chart's pretty easy. After falling through our $50 support and then through an even stronger $46ish support we went all the way down to the bottom of our Bollinger Band. Bounced there. Made it back over our 50 MA and then used that as a resting place for about a week. This then helped lift us through an intersecting middle Bollinger Band and $46 resistance. We've managed to close above this level. This is an extremely bullish signal. Buy here if you haven't yet. We're set for the trip to $55, though I am not sure of the time frame to get there.
Happy trading all!