Long term channel XLM finds itself in. Will it move to the top of channel?
First target is blue box area. Will reassess position at that area. Potential long term hold with zcash halving in September.
Unsure is this is valid? Anyone?
For future reference. Do I want to see Btc hit $7.4k, not really. But it wouldn’t be crazy for that to happen. Would just prolong the consolidation. I’ve asked some smart men about Btc hitting ath this year and they were confident it wouldn’t. I’ve also seen traders I respect call for 18k this year and probably ath. Point is, no1 knows. But we can plan...
So listen. I couldn’t figure out how to use exchanges in 2017-2018 before xrp went from .03 to .23 to $3. My fault. I was new to the game. And listen, I don’t know time predications are anyone’s forte. Really, I’m on record saying less then half a percent of professional traders even get time predictions right 5% of the time. I’ve been charting xrp for...
If .75 breaks, $1.00 should be up for grabs. Watch closely to the reaction there and plan accordingly.
Thought it was forming a bullish ascending triangle earlier today but, the market is leaning towards rejecting these patterns and bullish patterns aren’t being playing out ($link at $3) and yes I understand both these assets were moving at well over 200% gains in the movement. Let’s see if this plays out. I’m still looking to take this asset out of the...
Re drew some trend lines and was looking at price on too small time frame. Looks like it could bounce around a bit before making another ascending triangle. It we head towards 1.00 things could get interesting. Sold at .65 and will re enter on a retest of the top of triangle if it breaks out later today. Not financial advice!
Oxt broke out of ascending triangle downward and should see support at .56. Coinbase coins, newly added moved up a lot and had a blow off top to .72. Potential buy at .56 Let me know your view of this coin.
LTC Currently sitting under the 200 DMA on the monthly.
We used the lower Bollinger bands as resistance for what feels like quite some time. Also LTC has not risen above the upper Bollinger band since it's parabolic rise. I think trading above the Bollinger bands could mean we continue to uptrend and consolidate. What will spark the next bull run, i can not see based on the charts. Charlie lees tweet the other day...
I have no technical training- just enjoying charts and charting. I may or may have not made much sense here. Just plotting the highs and lows using the shadows to draw the past path the price has moved on from. It's tough to really see where it heads next without the use of the FIB scale or Elliot wave theory. Many times since the last crash of LTC BTC...