The technical analysis uses multiple indicators.
Some Moving Averages that are commonly used.
Trendlines
Cycles
Waves
Fibonacci Retracement (1 was drawn over all prices + 1 was drawn from last downfall)
RSI
> RSI is not a strong indicator, buy - sell undecided
> The 3 trendlines going down that I drew were all broken to the up side. This is a good sign...
EDG is a buy between 8000 and 8300 satoshi.
My target is near 14.5k satoshi based on the 0.5 fib lines lining up.
Breakout expected before April 28, 2018.
Neutral for now, long if we break. Could be any time.
We're testing the previous high 3425 satoshi. If we break up, we might be headed towards 4200+ satoshi which is about 20% profit.
After forming a nice cup, Basic Attention Token is now about to form the handle on a 4 hour chart which may reduce it's price a little closer to 5000 satoshi. After the handle it will breakout and double your money.
Concerning the MA used, 7 is above 77 which usually signals a buy.
LTC formed a perfect 'Symmetrical Triangle'. So a breakout or breakdown is to be expected.
As Charlie Lee tweeted, a lot of volume was moved within LTC.
twitter.com
Those two combined are the perfect mix for a breakout according to:
www.investopedia.com
Within the next three days LTC should breakout. At least an 80% increase is to be expected.
