In upcoming days I'm expecting correction for ETHUSD. Depending on BTCUSD, it is uncertain which scenario will play out, as crypto markets often move in correlation.
We can see that after a downfall we have a prolonged rising wedge with bearish divergence. In addition to that, we have a historical resistance at $195-200 so this gives bigger chance of reversal. On the bullish hand, if ETH breaks $200 and confirms it as support, this chart will be invalid and bullish momentum will be preserved. Follow closely BTCUSD movement...
We often forget to look at bigger picture. I'm feeling positive and I think we are at bottom or really close to bottom - and not just of Bitcoin Cash, and on other coins as well. Obviously, we are making a huge risk by investing in this trend and it is advised to buy in increments every 2 weeks or once a month, until we see a trend change (which we expect to be in...
Let's try LTCBTC again. Before BTCUSD broke down and we managed to pull down to previous resistance/now support at 0.00855 and this could be a good place to buy with stop loss below previous low at 0.0082. Target could be at 0.01 or 0.012 if we break 0.01 with volume. If the trend continues, we could hit 0.0155, but unlikely in this bear market. That would be...
BCHBTC formed Bullish Descending Triangle (Flag) on 1D chart. BCH often breaks out violently, or just go sideways if no buyers show up - this is also an possibility. Also, the volume is currently low and if it doesn't increase, I doubt we will go higher.
Ascending Triangle could be forming on LTCBTC 4H, although small. 0.01 is historic resistance and we're still in bear market, so this idea might not play out.
ETHBTC on 4h appears to be in rising wedge + bearish divergence. Also, we can see declining volume. This is not the ideal time to buy, so be careful here.
