Looks oversold to me and with it's first ICO coming up next weekend, it's a buy. It could go lower along with the rest of the crypto market before 1 of August of course.
This is my LTC targets very short term. But I will have half of my base in LTC for now. I obviously had to sell my all-in ETH base earlier this month. LTC is strong in a down market and will ride out the BTC storm the best imo, even if BTC goes through smoothly. And it is an undervalued crypto in it of itself. So I will HODL.
So far the price is respecting the pitchfork. Also outlined some areas of past resistance. No real price target other than up, just trying to gauge when it gets overbought.
Looks like VIA could break out of the triangle soon. With a 90+ BTC buywall at 60.000sat I think it safe to say it is unlikely to go lower.
Bitcoin is still bouncing on my pitchfork, so I update the chart with some new tools I am trying on.
With a bit more experience, I've been drawing new lines pitchforks and fibs, also trying on Gann fan. Overlay the events of ICO launches at the end of the month. I expect the price to break above the trend line and pitchfork again. Let's see how it plays out.
Keeping it simple for my first charts. Pitchforks and fibs, we'll see if it works out.
Keeping it simple for my first charts. Pitchforks and fibs, we'll see if it works out.
Keeping it simple for my first charts. Pitchforks and fibs, we'll see if it works out.
Keeping it simple for my first charts. Pitchforks and fibs, we'll see if it works out.