TheChartGuys

TheChartGuys

$50 is a must hold or we likely see stop losses trigger. Bulls need to break the hourly lower high pattern which as of now is $51 the recent bounce attempt top. Caution of correlations as a strong BTC and ETH did not correlate to LTC strength yesterday. If BTC sees an all time high it will likely steal some thunder from LTC which is now back over 12% from its...

TheChartGuys

Always watching the correlation to Bitcoin but the bulls have a very steady 4 hour uptrend intact. 4 hour inside bar of consolidation currently formed to keep an eye on. Not a lot of resistance in this range up to the $340s. BTC correlation last night favored bulls so bulls want to see BTC continue towards all time highs.

TheChartGuys

Higher lows and lower highs forming on declining volume will set us up for a clear break of this range some time within the next 6 hours in my opinion. The bulls have momentum in their favor, as well as the Risk/Reward scenario due to the proximity to all time highs. Key support is the consolidation low at $4300. Currently holding a position entered during the...

TheChartGuys

30 Min inside bar setup, watch for break of key levels on 3 min chart if testing the downside.

TheChartGuys

BCHUSD is close to a bear break if we lose $610. We continue to set lower highs, $711, $704 and pull back. At this point there is no bullish entry unless "bottom fishing" $610 support. With a bear break we will need to wait for a new support zone to be established. Daily chart has still not confirmed a bullish reversal candle since consolidation started.

TheChartGuys

Key support $4112 for the hourly higher lows to remain intact. Resistance is $4210 and $4218 for the bulls to take back over. We should see a break of this tightening range by this afternoon. Segwit priced into the market and not much action around it. I personally will only play a bull break of lower highs with bull momentum.

TheChartGuys

Lower highs on the hourly needs to break for the bulls to regain momentum. $50 a must hold on this consolidation or the bulls will have lost control of the short term action. Key Resistance $52.69 for the lower highs to break. Watch for a volume spike to indicate the break of the tightening range as well.

TheChartGuys

ETH over resistances in the $324s to start the day. Bulls have strong momentum on their side with lots of bullish signals on the hourly, 4 hour, and daily. Looking for some short term consolidation to cool off overbought RSI levels. One to watch for the rest of the day after setting the tone for the bulls. current top appears to have just set. Looking for...

TheChartGuys

Current hourly support to watch on consolidation: 312.52, 309.67 Bulls have been strong but if BTC begins to consolidate from a 2 day bounce, the correlation will likely drag ETH down with it. 4 hour equilibrium pattern lower high appears to be set, now we will look for a higher low to form.

TheChartGuys

We were watching this NEO pattern for the last 24 hours and the bulls have finally broken bullish. To show lots of strength the bulls we need to consolidate and break $42 turning it into support. The daily chart is now much more in favor of a higher low of consolidation being set. $42 is the number for the bulls to watch for the rest of the day.

TheChartGuys

Trade highlighted in the video: www.youtube.com Resistance from here is $4272, and not many levels before all time highs. The bulls are fairly extended on this 2 day bounce so cautious on any entries up here, just looking for short term gains. Bulls want to hold $4200 to keep the higher low pattern intact.

TheChartGuys

Same pattern as yesterday continues as we are on our 2nd inside bar on the daily time frame in a row. If not in a position we can patiently watch and look to enter on bullish momentum. If in a position we can have a stop level if the higher low pattern breaks. Move imminent and will come with a volume spike.

TheChartGuys

After a break of the lower highs we are currently consolidating with 4 hour inside bars. Watch the bull MACD cross closing in as well, we will look for a lower high if we see continuation, around the low $800s. Bear break of the inside bar will take away bull momentum on this bounce attempt.

TheChartGuys

The setup was there for a flush under key support, stop losses to trigger, and an oversold bounce to be the play last night. $3960 is the current top and $3900 must hold to keep the higher lows. Caution to bulls up at these levels as the bulls will likely run out of momentum on this bounce shortly. $4,000 psychological resistance will be key resistance if we see...

TheChartGuys

After the breakout to start the week, we saw a very significant pullback with the BTC dump. We need to be cautious of this correlation as BTC has now broken a key support $3800. Very nice gains from the lows also correlated with the BTC bounce. Need to see a recovery for a bull daily MACD cross, but an equilibrium pattern as things settle down is likely for today....

TheChartGuys

ETH and LTC both trying for bullish MACD crosses on the daily. As long as higher lows remain intact on the hourly, bulls keep control. Although we broke $47, the bulls could not keep it as support, which they need to do to affirm their strength and get ready for the next leg up.

TheChartGuys

Attention is on ETH but as we see ETH consolidate from very overbought hourly RSI levels, we could keep an eye on BTC here for a potential bull break and 4 hour bull MACD cross. No entry without bullish momentum in my opinion. Currently all cash and watching for sighs the bulls are showing up.

TheChartGuys

A break in the correlation in ETH and BTC as they remain stagnant, LTC is breaking downtrend resistance but will still have lower highs for the bulls to break at $47 as well. Anything under $47 will keep inside bars and tightening ranges on the daily, which we would look for a break in after the candlestick today closes, at 8 PM Est.