Had this trendline drawn from September 2017, and we hit it today. Everything has been so bearish that it may not hold, but there is a fighting chance for longs off the trendline.
Maybe inverse h&s. Target is 31 points higher.
LTC breaks 2 major trendlines with good volume. Target 270s/280s.
LTC is breaking above a trendline with decent volume. Target 270s/280s.
Looks like a cup and handle, with resistance at .02. A breakout above that level would send a buy signal, with a target of about 0.025 (depth of cup = .005)
LTC/USD in this key consolidation area. Looking decent right now -- I bought the dip. Stop below the consolidation area.
Not used to trading outside of crypto denominated in USD, but took .04300 of my original BTC purchase and got 1 ETH. ETH at all time highs ~$800 and this pair looking like it could break out from the descending trendline.
Call it a hunch, but I decided to short the SPX with SPY puts this morning. February $266 strike. Market is overbought on all timeframes. Today's gap up is producing something of a H&S pattern so I thought I'd take a shot. Above $2700, I will most likely abort the trade.
Long from 3.60, need to see it hold the 3.40s. Buy more in the 1.50s.
Potential for a breakout above $3.79. Would like to see it hold the 3.40s as support. Failing this, I would load the boat at $1.50
Current view of 15 min chart, based on 4-hr bars. Bounce happening now? Long LTC from $299.01. It would be nice to see LTC hold the 320s again.
Possible H&S forming on the hourly chart. A confirmed breach below the neckline of $19,000 could set the stage for a fall to $18,000, at prior highs.