Chase Corp $CCFIt started to make higher highs and not it is time for next move. It is above 50SMA and approaching to the MA zone.
CCF
LTCUSD - Is $34 a good entry point? Looks like the pair LTCUSD will touch $34 - previous resistance level or support level in the next 2-3 weeks.
For double confirmation of this level, observe how far shadows from June 26-27 went down. If price passes Fibs 0.236 there is a high chance that pair will consolidate at $34.00-34.50 and form the bottom. Also include Gann Fan and you will have strong uptrend channel.
To insure our positions, besides the $33.92 buy order, we’ll also place buy order at the $37.33.
Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. Thus, be careful with your trading decisions.
Regards,
Cryptocurrency Fund L.P.
Ethereum - optimistic or optimistic with a delay? With regard to previous 96% drop, most of us became skeptical with Ethereum. We estimate that downtrend may continue - until $160 (Fibs and historical price levels). If price does break $250 - we'll become bullish only at the entry point of $160. If price will find support level again at $222 (which will create double-bottom) and Fibs 0.618 will be passed after that, well $280-300 will be our entry points.
If this information in addition to the chart drawing was useful - please leave the comment or like below.
Thank you.
Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. We are not offering to take this information for granted. Thus, be careful with your trading decisions.
Don't be greedy, don't be panic - be an intelligent investor!
Sincerely,
Cryptocurrency Fund L.P.
medium.com
Nobody knows the futureYou can't be confident with your forecasts on 100%.
That’s why we estimate two scenarios at once. You can be either bullish or bearish. On our chart we show how to act in the worst case scenario and how to act in the best case scenario.
For basis we are using BTCUSD chart from GDAX (Coinbase Exchange).
We have used:
1. support and resistance levels
2. figures
3. fibonacci retracement
4. moving averages
1. From my observation historical and psychological levels are always very strong it doesn’t matter if they are support or resistance levels. We decided to take four levels that have core role for the next one-two months:
* $1700
* $2000
* $2700
* $3000
2. Additionally to the price levels we applied figure analysis which includes:
* Head and shoulders - bearish
* Ascending triangle - bullish
3. Another indicator that always proves its dependability is:
* Fibonacci retracement (critical levels are 0.618 and 0.382)
4. And the last one, but not the list is:
* Simple Moving average (14 and 50 periods)
We emphasize again, that nobody knows for sure where the market goes up or down, however you can prepare yourself with asking a simple question “What if” ?
1. What if the price breaks $2700 price level, 0.618 Fibonacci retracement level, MA 50 crosses MA 14 and ascending triangle will continue its forming? If four indicators are bullish the best point of entry will be $2800.
2. What if the price will find resistance level at $2700, break the 0.382 Fibonacci retracement level, “head and shoulders” will continue its forming and MA 50 will be crossed by MA 14? In this case bear position can be more appropriate and the best point of entry will be $2400-2350.
3. The third scenario will be flat, however based on previous fundamental news from Ethereum a lot of investors and traders converted their tokens in Bitcoin which created additional volatility on bitcoin market. Trading inside the channel we will discuss later.
Risk disclosure:
Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. We are not offering to take this information for granted. Thus, be careful with your trading decisions.
Do not be greedy, do not be panic - be an intelligent investor!
Sincerely,
Cryptocurrency Fund L.P.
medium.com
