LTC back on the upswing to a new ATHIt has been a rocky week for LTC as it has moved down a good 30% from reaching its ATH. This is to be expected though in the crypto markets and nothing to really worry about considering we are still in a bull market.
LTC has been trading inside a nice upward moving channel since October of last year all while mostly staying above the 50 day MA. The RSI has been making higher lows and the volume has been, on average, a lot higher since the end of March. Barring some FUD Elon tweets that could cause a temporary price dip, or a major BTC move, I see don't see a lot of reasons that LTC will not continue to rise based on the cart.
I would like to see the MACD cross above the signal line on the daily chart. This is really the only bearish sign on this chart. Perhaps even this is going to change soon because, at the time of writing, the histogram seems to have turned towards increasing.
This might not be the fasted play ever, but I think it is reasonable to say that LTC will be above its old ATH and at $450 in the next couple of weeks.
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EGLD up to $300EGLD has been trading in the same channel since February. Good new for us is that this is an ascending channel. Additionally we have testing the middle of the channel multiple times over the last three months and each time we have been rejected. This is not that big of a deal since a move back to the middle of the channel from our current price is a 60% increase in ELGD's price.
Other bullish signals include the MACD crossing the signal line, as well as the fact that the price has stayed over the 50 day MA for the last week. I would however like to see more volume.
A stop loss would be if EGLD closes the day under the channel
Have fun, trade at your own risk.
Sell scalpPresented is a 1 hr chart sell analysis
We currently see an immediate pivot at key resistance 0.70900. If this bar closes out with little retracement we have first confirmation of a reversal.
We can rely on indicators to detect pullbacks. We are seeing RSI trying to breach 50 while SRSI is making its reversal point. MACD and SIGNAL are setting up for a cross back down.
We can enter if this bar closes below 0.70600. Take profit at next key support of 0.70200.
Please comment with thoughts and ideas. Thank you.
HNT about to break its ATHHNT has been trading in the same upward channel for all of 2021. It bounced off its lower trend line a week ago and has recovered. It is currently meeting resistance at its previous ATH daily close at $18.50. I expect it to close well above this today and to continue its breakout. MACD is looking good and it seems that HNT is going to $30 in the next couple of weeks. If everything in the market stays bullish over May my price target is at $42; a price that is well within the channel after mid-May.
Stop loss should be set to a daily close under the trend line. 3:1 risk/reward if it goes to $30 or under $15 (in the very short term).
Have fun, trade at your own risk.
BTC will rise up. it will be more than $ 55k in next few daysEach time Bitcoin had a sharp downtrend, it applied a tighter uptrend. Also, long bearish shadows indicate that the price trend will soon rise.
The shortening of the MACD oscillator also indicates a sharp uptrend.
The Ichimoku cloud will also turn red in the next day or two. In the red cloud there will be a rising trend.
I hope that in the next few days, the price of bitcoin will rise to 55 thousand dollars and even more.
Beware: Bitcoin show weakness!!! The trend go to reversalAt the moment, looking in Daily timeframe, Bitcoin it's turn bearish in H12 timeframe, but if you look the smal timeframe like H4, it's turn bearish and we see an simetric triangle, but looking more in H12 timeframe, this candlestick it's a bearish signal. Right now, I will going to sell my altcoins and Bitcoin as I know htat if Bitcoin drop, Ethereum, Chainlink, Cardano, XRP, EOS, Tezos and Litecoin drop too.
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In Daily timeframe it's still bearish sentiment as MACD show higher low in the indicator, as we see in H12 timeframe too. So, I have a forecast that Bitcoin can to go back to $45,000 USD. The $45,000 USD level it's very important to support by long term, as Bitcoin continue up. This week, this movement was surprise for us as Bitcoin doesn't have success to make support above of $60,000 USD, maybe I thinking that was that Bitcoin it's overbought, and correction it's neccesary for the health asset.
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This it's the panoramic in 3 Daily timeframe
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And looking the weekly timeframe, it's look bearish, maybe in these weeks, Bitcoin show a consolidation during the past weeks. And then, I hope this movement to $45,000 USD level.
Guys, altcoins and Bitcoin may to reversal the trend, be carefull to trade.
DogeCoin Potential Path We are still moving parabolic here on the hourly chart . There is a good chance for a retrace down to 55% of the previous leg. The retrace hasn't happened yet. Allow the MACD to guide us to the start of the retrace . Look for a down trendline on the retrace into the FIB support.
Dual scenario Pending Presented is the 1 hr chart with 2 play outs depending on support and resistance.
Currently we see a straight consolidation riding top resistance of 83.450. A break above could trigger a buy entry to retest top resistance of 84.500.
A retest and break of 83.000 support can trigger a sell to retest 82.400.
Current indicators hint towards support retest for a potential break with MACD/SIGNAL trying to correct back into sellers favor while RSI pivoted below 50.
Be patient for entry. Please comment with thoughts and ideas. Thank you.
EOS on 1H - Two Scenarios - My First IdeaI've been working at day trading for a couple months now and have been greatly appreciative of all the help I've gotten from y'alls posts. This is my first idea and I'm an extreme novice, so both go easy on me and don't take this as expert advice. Just wanted to take a shot at contributing rather than just consuming.
I see trendline and psychological supports/resistances develop into zones over time and have outlined them as such. Currently EOS is making a mini pump through both on the chart and so I'm bullish on my bet for the coming hours, then off to retest the $7 recent time high (and fingers crossed up to the $8.6 mark. If support is broken down, I imagine a retest and then further downside to the next support of $6.25 or even $6.00.
MACD bull cross seems imminent and there is a nice positive slope leading us there.
RSI down trend line has been broken signaling a potential reversal.
OBV (just starting to play with this one) is on it's way back up to break the last positive volume push - if it passes, that'd signal a buy (again - as I understand it)
Alright, that's it - thanks in advance for any input and advice you may have on the analysis!
Final word: I have no idea if I'm using any of these tools correctly. I feel like I am, but am very open to feedback to improve my game. THANKS!
XLM is ggetting ready for collapsingAs you see the image above, XLM has moved within a impulsive wave. Wave 5 is the ending one and as candlestick pattern shows (Shooting Star) a collapsing may occur. Summary you should be very careful! Divergence probability is obvious and it's a another reason for what I've said.
pullback on ETHUSDTMACD has already signalled a pull back with bollinger midline still holding, if we break below the midline could be drop towards 1868-1873 based on fibs and also lower bollinger band movement. Could show potential for a small short. Will wait for price to break below midline first.