CRYPTOCAP:LTC macro trend can be analyzed using 3M timeframe channel. So far two support zones are observed on the channel line. If it's able to hold support, then the natural move will be towards the trend line, otherwise towards the prior support. #Litecoin #Crypto #LTC
US natural has gas had a step drop in last few months. However, now there is positive consolidation indication bottom formation. My MACD has indicated reversal.
Apple up-trend began in year 2009. There were ocassons where it got weak. However, the up-trend continued. Now, preparing for another leg up. 👍
MSwing shows two major recovery attempt in Blue with flag symbol. The weekly trend is still down. It has to break above Resistance-4 for trend reversal and that's far away currently. That means, DXY could put pressure while its bouncing but not a threat until Resistance#4 is broken above.
MSwing indicator says, Up trend is well and good. Nice bounce off the support-1.
RNDR had corrected twice in March followed by a new high. It's correcting for last two weeks. However, it has found support. That means, it could prepare for another leg on the upside towards new high. If the $1.65 support is broken then $1.45 is the next lower support.
The dollar Index has an inverse relationship with BTC. The Dollar index is on rise and near upward breakout.
ATOM has touched the white trend line multiple times. Now, it has reached to a level where the probability of breakdown has gone up. It means, the bull run is at risk if $21.3 is broken.
BTC has reached near the critical support at $40k. BTC is inline with NASDAQ (tech stocks). It is under pressure from rising interest rate. Ideally, BTC should have gone up but definitely not acting like an inflation hedge. $37k to $40k range is the most critical support range for BTC to recover otherwise it could go down up to $28k. $46k will change the game for...
ICP has reached to the Blue Trend (BT). It''s getting ready for upward breakout Once it breaks out, the next major resistance is 31 USD.
ADA was supported by the Red Trend (RT) on Jan 22. Since then, it has consolidated above the RT. Now, it's time make a move on the upside. The next resistance is 1.3 USDT, the Blue Trend (BT).
BTC got a clean upward breakout above the Red Trend (RT). The next one is the Blue Trend (BT) which is near $44700.
If NASDAQ could hold 14000 then we could get confirmation on bottom. It's showing sign of moving up towards the previous ATH, the 16000 to 17000 range (the TW1 level).
NASDAQ is at the inflection level. That makes the next week decisive in terms of a long term trend. Friday's (Jan 28th) bounce was amazing. It was a strong defensive move. However, it has to break above the stream. The stream has been a roadblock since correction started. The lower (red) line of the stream is touched 4th time, it's working hard to enter into the...