We may have a distinct pattern to the bear trend we currently on. Price should fall just a tad bit more, but after that we should be getting a slow crawl upwards mirroring something of the likes of 2018's price movement!
If we do indeed bounce after falling a little bit that should give us a clear picture of how S&P 500 is gonna act in the next few years.
Things aint looking very good for LTC.
Currently cant even touch the bottom of the downward channel we are in without crossing into a negative price range.
Probably best to stay away from this Crypto currency until we have the a real confirmation of uptrend, if any that is.
Were just about at the bottom of the bearish channel that we entered into in January of this year. That being said we now have the potential upside of seeing Etherum hit around the 520 price region in the next coming months!
We should be at our short term bottom now, a potential bounce to the 1580 region is in the books, however once that is reached we should begin making our way towards 1280.
A nice scalp trade is available, just make sure to sell off 1500+
Those looking for a long term entry should wait until a opportunity around 1280 presents itself.
DXY up movement will continue up until the end of the month, at which point DXY will breakout downward.
1. DXY's movements have been forming within a bearish pennant.
2. 1D RSI has yet to fully reset since the beginning of 2018. Also its good to note that RSI is on a downtrend.
3.1D MACD is on a clear down trend as well. Since November MACD has continued on...
I believe we will hit the top of a downward channel by the end of the month.
1D chart RSI is very close to being overbought, one more price rally in the upward direction will result in the RSI achieving overbought status.
1D chart MACD's last movement failed to break the value of the previous macd wave. However price wise the second surge up was greater than...
Easy long entry.
-1D RSI has bottomed out paired the continued upward movement
-1D MACD continues is upward movement
-Bounced off the 78.6% fib retrace
1. Enter a long position, close out around 195.
2. Enter a short position shortly after, close around 175.
3. Re enter a long.
cheers!
1. Enter a long position under 1550, close out your position 1830-1885. Target will be reached at the end of the year.
2. Enter a short position above 1800, close out your position 1600-1650.
3. Enter a long position under 1680.
With the amazing bull run markets have experienced for the last good while, you begin to wonder if were finally close to the peak of market growth. Well I think there is a high chance we have already witnessed market peaks. In terms of the future of IXIC we should reach bottom by the end of December, afterwards we will be making a small bull run through the year...
