As we have watched bitcoin the the charge the last few months, I am expecting to see money flow into some of the larger caps in the coming months. LTC is one I have my eyes on. It is currently testing long term resistance near 141 USDT which also acts as a neck for a large a potential Adam and Eve formation. This opens up a few possibilities. Bull - LTC breaks...
Looks like VET/BTC has caught a possible double bottom around 60sats. Looks to be in accumulation again, possibly short lived with a move to the upside. If there is a break below 60sats downside to 45sats is possible as the next resistance zone. If a break to the upside of the trendline is confirmed with HIGH volume or retest, I am looking for targets around...
We saw a double top at 19.4k with a 15-16% rejection shortly after. We are now watching a rising wedge play out on the one hour - approaching VPVR resistance inside the pattern. I think we may see a rejection here - with the MacD crossing lower, as well as a potential double top on the RSI forming. This could lead to a check of the lower trend line, somewhere...
Looking at the BTC.d 1hr chart here. Looks like I may have spotted some bullish divergence on the MACD histogram (lower lows on candles not matching higher lows on the histogram). If we see a confirmed break to the upside alts could see some choppy trading and BTC possibly retesting the ATH. If we break to the downside, I'm looking for good ALT plays, and keeping...