Litecoin coming up against a couple of big resistances. Would not be surprising to see it be rejected--and then possibly pushing through in a few more weeks.
You can see it at the top of the parallel channel, as well as coming up against the downward sloping resistance from ATH in 2021.
Let's see what happens
Appears to be a diamond pattern that is reaching its end.
If it breaks towards the up side, then we're likely to see ALTS go down significantly, probably as the value of BTC decreases as well.
If it breaks towards the down side, then that means ALTS will increase relative to Bitcoin--probably in a way that means ALTS outpace gains in bitcoin.
Perhaps this...
This fractal on the monthly BTC.D chart has the potential to play out--especially if we close the weekly candle below 39.95%.
If the merge ends up being successful and bringing more money back into the altcoin eco-system--mixed with some positive macroeconomic news--there is a big chance for altcoins to have relative gains against Bitcoin. Dominance targets...
As many are saying, Litecoin has the potential to break upwards high and fast. Two pieces that I'm watching for include the weekly RSI and parabolic support from 2018.
Of course these are just my ideas, and not to be taken as financial advice.
Just chillin' on top of the support on the 4hr chart. Biding its time and waiting to make another move. As long as we stay above the support, I'm bullish. What's your opinion? Not financial advice, here--I'm making these charts for me alone and my own deep need to connect with strangers over the internet during a pandemic....
good luck all!
BATUSDC Has big time potential in the coming weeks. The Adam and Eve make it look like the bottom is in. The RSI is poised to break higher, and the macro price level resistance can be broken. Oh, and the fundumentals with BAT and Brave Browser are solid.
Also, this is a very similar chart to COINBASE:XTZBTC
Let's see what happens...
Not financial advice, obviously.
Looks like we're poised for further upside in XLMUSD. We're consolidating on top of the pennant, and the RSI is respecting a bullish trendline. Not financial advice.
The LTCUSD WEEKLY chart is showing strength. As many have pointed out already there is a massive Adam and Eve patter that can indicate a bottom. Depending on how jankily you want to drink your coffee, perhaps we have a cup and handle on the way as well. Finally, the RSI trendline is showing that here's still room for lots of positive price movement. Let's see what...
If the RSI bounces back up from the trendline touch, we've got a chance to break out of this wedge finally. There is also a nice hammer candlestick forming, which is encouraging for the LONG...Otherwise, let's just keep ranging like we're crypto-buffalos! This is not financial advice, seriously.
The weekly chart for ETHUSD is just so darn bullish. What really sticks out for me is the hammer candle that is a few hours away from closing. The fundamentals of ETH are improving as ETH 2.0 continues to grind along, and when we mix this with BTC's bull market, it really does feel like it's only a matter of time. You can see one of my other short-term ETH ideas...
As you can see, ETHUSD has re-entered the ascending triangle. It still seems link the trend is upwards with positive pressure building in the ascending triangle, but only time will tell. This builds upon yesterday's analysis, as seen below. Not financial advice, DYOR.
ETHUSD is currently looking to flip the resistance to support. If it does that, it's got a solid foundation for blasting off towards its old and a new ATH. Do you think we'll see some fireworks soon? Not financial advice. DYOR.
Looks like we might be shrugging upwards on the ADAUSD 4hr chart. If this plays out, and breaks the overhead resistance of the neckline/flag, we could see quite a jump. What do you think, possible? Not financial advice. DYOR.
Take a look at the 4-hr chart for ETHBTC. Looks like we're in the process of building out sweet bull pennant. You can see my projections on the chart. Let's see what happens as things keep getting more and more volatile. Good luck everyone and trade safe. This is just my idea and not financial advice, of course.
