will wait for some bullish candles to open the trade
Going to wait for the breakout first. This bipolar coin does what it wants. Transaction fees add up. Smallest fees on the market: www.binance.com
although price is making rallies, volume is decreasing. This may signal a reversal. On the higher time frames (6H) the chart is making spinning tops and doji One way that the reverse could happen is via H&S . I'm going to wait for confirmation because failed H&S patterns are very bullish.
We're at resistance 220 RSI way oversold last candles were Doji and spinning tops good place to set the stoploss ( close over the resistance / above the doji) good risk\reward ratio > 3
if the RSI comes down, i'm going to get in early. If not, gonna wait for some volume and a resistance break
broadening bottom has 5 touches , making it a valid formation partial decline is at a 0.5 or 0.6 level -> signaling a potential top breakout rsi is in the oversold region There are pretty strong signals to go long. Not sold on the idea yet, will wait for volume increase and a little more confirmation. Links to theory: thepatternsite.com...
There is a good channel trade potential. Be sure to use tight stops and use for partial decline . If a partial decline occurs - meaning that the price turns around before getting close to the other trendline - CLOSE YOUR POSITION and consider a long trade. Info on the pattern: thepatternsite.com Good luck
The RSI doesn't look good yet, but the pattern should be confirmed after the upper support is broken. A&A double bottom have the lowest performance post breakout.
I love this kind of trades where you have a clear entry and a clear stop loss . RSI is making divergences on different time frames. bottom seem to hold we had a bounce and a drop that re-tested the support . On the daily, today it looks like a doji at the bottom of ta bull flag.
RSI divergence , plenty of dojis and spining top candles that signal a reversal. Slow price rise with low volume. Support almost broken Good resistance to set the stoploss to.
RSI Divergence forming Support line offers a potential entry point.
I'm still bearish on LTCBTC at least on the short term. good scalping potential with a tight stop above 231 RSI divergence is still bearish
looks like momentum is slowing down on LTC. We got RSI divergence and a rising wedge . Because it's a trade against the trend, i recommend taking profits fast and closing the trade
ltc is forming a triangle after a quick ascend. in the triangle there is also a double bottom adam & eve. If this puppy breaks out, get on it for an fast 5%
failing to touch the resistance is a sign of a bearish market. Ascending broadening wedge is a bearish pattern most of the time the lack of volume is a bearish sign. Target ~4580 * there is also a small RSI divergence ( higher oscillator low, lower price low)
The head & shoulder pattern is starting to be more identifiable. The volume is lowest on the right shoulder which is a good sign for H&S. Lets hope it breaks the neck line. I reopened my short position at ~4800. Its not something i recommend but i have a good feeling about this.
STR has been added to etorro exchange but i don't think the hype is going to last. coins get news all the time, they spike up and then they come down hard. I thnk this is the case with STR today. The way the market looks these days, i think shorting is the way to go .
The triangle is near breakout. It would be nice if it would touch the support again so that we get in cheaper. This is crypto, the triangles break upwards mostly. Still, set stoploss .