BINANCE:LSKBTC travelling through this upward trending channel. Can it breakthrough?
Good sign BTC moving up and finding support around 0.382 retracement lvl. If it doesnt break we are going back to 20K.
COINBASE:LTCUSD is closing in for hourly chart.. will it hold? or follow the downward trend.? Will be interesting to watch.
COINBASE:LTCUSD will correct further down. Watching closely to enter around sub 200 levels. If the pattern breaks will change the entry positions.
I am very pessimistic about this trend as we are up ~100% recently. We definitely need some correction. But who knows, crypto has outlawed everything. Good Luck.
As described in my previous post , ETH did a good job of consolidating. Once we test some recent lows, its time to look at the sky. We saw an inverse proportion between BTC and ETH . We will follow that for a while. Expecting a quick correction to BTC which will move ETH price a lil higher. As we are approaching Dec 10th and 18th with a caution, BTC futures...
COINBASE:ETHUSD might retest the lows if it breaks the support level of ~$450. As we saw, it tried to break support multiple times in past few days and not successful. The triangles do suggest a movement. Assuming it follows the trend line in dark green there is a downward movement as noted yesterday . Looking for an entry point around ~$402.. if not, ~$420.
$XRPUSD, is consolidating. We can clearly see a head and shoulder formations.
ETHUSD Ready to drop .. May not be a huge sell-off but will be a slow killer. So far, buyers and sellers are balancing pretty well. Interesting to see who wins at the end. Will be watching closely to enter ~400? Maybe even below that based on the velocity of the downward movement.