Delchoni

Delchoni

still bearish

Delchoni

Only the lack of volume concerns me.

Delchoni

Just a possibility

Delchoni

My bullish count

Delchoni

If this plays out, LiteCoin will be worth 14$

Delchoni

Usually when the EMA Ribbon is so tight we can expect a "significant" move. Recently it was extremely painful to trade because of the lack of volatility. Although the ribbon is not in level with the price, I think that soon (before 2nd of Jan) there will be a move upwards.

Delchoni

Detailed chart.

Delchoni

As I mentioned before, I don;t think we have seen the bottom yet.

Delchoni

This is the most possible case IMO. However this is NOT A FINANCIAL ADVICE I'll short ETH. We are currently not in a bull market!!! Yeah 80$ is cheap for ETH, but it was 10$ when I started mining 2 years ago... Until the price hits the 50 dollar mark I'll remain being bearish. On the chart above I've suggested that 80$ is the final point, however, I think that...

Delchoni

First of all I want to declare that this is highly unreasonable case and I don't believe that this is gonna happen. However, I want to show to the bulls what are the possible targets and what they should looking for.

Delchoni

I expect a move to the mid level to the channel

Delchoni

Fib levels fit perfectly. I'm considering 2.2 to be possible bottom, however the wave movements are just to illustrate a possible movement. I think we can see something like HS but it will fail IMO

Delchoni

IMO there will be movement between the MA's, if we menage to break the 100 MA the next stop is 50.

Delchoni

As we take a look at the four hour chart we can see that the 55 MA is getting really close to the current price. Recently there were strong interactions between them so I think that ETH can bounce, however there is a lot of selling pressure and my opinion is still bearish.

Delchoni

It's worth considering it. 3700 then 5.5k lots of hopium

Delchoni

Didn't expect go to sideways for so long. I have some doubts it will complete the flag structure , but im sure price will go lower. If we break 3700 resistance next target is 3500.

Delchoni Updated 

Currently in a more complex correction than expected

Delchoni

Honestly im tired of those