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Litecoin analysis: 4 hr tf live updateLitecoin analysis is presented here on a 4 hour time frame candlestick chart. Price action from September 4 to November 14, 2018 is outlined in this analysis using a descending triangle chart pattern (ideally bearish). Price breaking out below $47.84 confirmed the bearish implication of the pattern. Besides, the width of the pattern provides a useful way to determine the minimum extent of the current bearish momentum, with Litecoin in the low $20’s plausible.
KRAKEN:LTCUSD
by Coin_Analyst
We continue to declineAt the moment, we observe that the pair is updating the annual lows against the backdrop of a stronger reserve currency and the pair has overcome the previously formed support level. Our technical indicators point to sales and the MACD shows a strong divergence between the MA’s, which may indicate a strong downward momentum. The next psychological level for traders will be the mark of 1.12, which should be the next level of support for our pair. Therefore, we advise you to look for points for entering short positions and consider your goals at the 1.12 and 1.1160 levels.
Short
by SuperForex
GBPCAD 1 hour tf analysisThe 1 hour timeframe of the GBPCAD is shown in this analysis from July 31 to current date. A symmetrical triangle (tentative) is identified as the most recent chart pattern in the GBPCAD from October 2, 2018 onwards. Further bearish action is anticipated to successfully hold support around ~1.66683 and 1.65933. On the other hand, lack of bearish momentum and a close above 1.72551 implies resumption of the current bullish price swing from October 30. 2018.
by Coin_Analyst
BTC/USD - Trading PlanPlease hit the 'LIKE' button to receive my daily analysis updates :) BTC broke our side-wards analysis very well, and has since had a small pop to the upside, touching on the moving averages. Now price has touched the moving averages, I am expecting some small expected corrective downside which could lead us back to the side-wards support line before a break up move. When price does this, it does NOT mean that price is weak at all, this is perfectly acceptable technical behaviour and would be normal of a healthy and prosperous up move. Price needs to correct slightly as is. It does not necessarily need to go all to the side-wards support, but it's a possibility that it does do this so it's one we need to keep a eye on. It is easy to get an entry here because we can simply just wait for the correction to be finished. The stop loss zone is easy, under the side-wards support is the obvious candidate because anywhere else is lower is illogical for it to be considered a buy anymore. Also bear in mind, when price does come out of the slump here, price will then hit the consolidation resistance, where there will be once again another correction to the downside before the upside fully prevails. We're in upside territory, but patience is still needed to get this trade perfectly right. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
BITFINEX:BTCUSD
by TomProTrader
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