As of the price of litecoin has fallen, it has formed a falling wedge. TRIX indicated a buy signal ~6 days ago. Volume has been tapering off steeply over the past few days. If the volume increases, this could signal a large market move which would be confirmed by a bullish cross on the MACD. In addition, the price seems to have consolidated currently pitched...
QLC/BTC Buy Around - 770 - 780 T1 - 825 (7%) T2 - 880 (13%) T3 - 937 (21%) Stop-Loss - 747 (3%) P/L Opportunity Upside: 7 - 21% Downside 3%
QKC/BTC Buy Around - 830 - 840 T1 - 879 (5%) T2 - 907 (8%) T3 - 965 (18%) Stop-Loss - 796 (4.5%) P/L Opportunity Upside: 5 - 18% Downside 4.5%
POLY/BTC Buy Around - 3584 - 3623 T1 - 3789 (5%) T2 - 3953 (10%) T3 - 4202 (17%) Stop-Loss - 3473 (3%) P/L Opportunity Upside: 5 - 17% Downside 2.5%
ADX/BTC Buy Around - 3650 - 3700 T1 - 3861 (5%) T2 - 3968 (8%) T3 - 4129 (12%) Stop-Loss - 3550 (3%) P/L Opportunity Upside: 5 - 12% Downside 3%
CDT/BTC Buy - 252 T1 - 267 (6%) T2 - 289 (15%) T3 - 322 (28%) Stop-Loss - 242 (3.75%) P/L Opportunity Upside: 6 - 28% Downside 2.75%
STORM/BTC Buy - 122 T1 - 131(7.5%) T2 - 138 (13%) T3 - 148 (21.5%) Stop-Loss - 118 (2.75%) P/L Opportunity Upside: 7.5 - 21.5% Downside 2.75%
IOTA/BTC Buy - 7717 T1 - 8069(5%) T2 - 8467 (10%) T3 - 8797 (14%) T4 - 9146 (18%) Stop-Loss - 7461 (3.5%) P/L Opportunity Upside: 5 - 18% Downside 3.5%
AMB/BTC Buy Near - 2559~ T1 - 2743 (7%) T2 - 2893 (13%) T3 - 3114 (21.5%) Stop-Loss - 2449 (4.5%) P/L Opportunity Upside: 7 - 21.5% Downside 4%
LSK/BTC Buy - 4576 T1 - 4854 (6%) T2 - 5032 (9%) T3 - 5231 (14%) T4 - 5573 (21%) Stop-Loss - 4412 (3.5%) P/L Opportunity Upside: 6 - 21% Downside 3.5%
AGI/BTC Buy - 608 T1 - 636 (4.5%) T2 - 659 (8.2%) T3 - 688 (13%) T4 - 735 (21%) Stop-Loss - 582 (4.2%) P/L Opportunity Upside: 4.5 - 21% Downside 4.27%
INS/BTC Buy - 684 T1 - 720 (5%) T2 - 790 (15%) T3 - 858 (25%) Stop-Loss - 657 (4%) P/L Opportunity Upside: 5 - 25% Downside 4%
WAN/BTC Buy - 1580 T1 - 1630 (3%) T2 - 1693 (7%) T3 - 1762 (11%) T4 - 1858 (18%) Stop-Loss - 1512 (4%) P/L Opportunity Upside: 3-18% Downside 4%
XRP/BTC Buy - 7235-7340 T1 - 7767 (7%) T2 - 8086 (12%) T3 - 8644 (19%) Stop-Loss - 6879 (5%) P/L Opportunity Upside: 7 - 19% Downside 5%
On a smaller time frame (4hr) we can see the price is forming a well defined bull flag which is in accordance with the cup and handle pattern forming on the daily chart. In addition, you'll notice the steep decline in the Stochastic RSI was mirrored by sideways price action. This tells us that buying pressure is waiting to move in. Lastly, the Ichimoku cloud...
The price is forming a very shoddy cup and handle formation. If the price respects the patterns and moves in accordance with the handle, we could see a retracement to the .618 fib level before a potential reversal, and extension to the .382 Fib line at the ~260 price level. At first glance, indicators look very overbought which could indicate the 224 price...
Yellow = Buy Zone Green = Sell Targets Red = Stop-Loss
The last market sell-off we had pushed the price of Bitcoin down to the ~6100 level where it traded in that range for about 4 days. The price has tested the bottom trendline 3 times now without a trend penetration surpassing that of 3%. However, the past two times the price of Bitcoin has tested the trendline resistance, it has been rejected. Currently, the...