Hi guys,
Here we are for a new analysis on LTCUSD and today we also take a loot at ETHUSD because I think it can give us some interesting pieces of information.
Cup and handle
The cup and handle pattern has been completely formed for LTCUSD and the break is confirmed today with that great green candle. According to that pattern, we would see a huge bullish move within the next days.
Comparison with ETHUSD
I chose that other chart because I noticed an obvious similarities but also a delay for the formation of the pattern.
As you can see, for the ETH cup and handle, we have broken with a 20%-bullish move. Compared with LTC, ETH shows 5 candles out of the cup and handle pattern.
In that case, we would see $187-$192 at the end of the week.
Support and resistance
The supports on that chart are given by the Fibonacci levels. Today, the red line is broken, this is a strong support, so we would not be under that support again within the next days.
Thank you for reading, react, agree, comment and follow. Have a great week ahead !
Here we are for a new analysis on LTCUSD and today we also take a loot at ETHUSD because I think it can give us some interesting pieces of information.
Cup and handle
The cup and handle pattern has been completely formed for LTCUSD and the break is confirmed today with that great green candle. According to that pattern, we would see a huge bullish move within the next days.
Comparison with ETHUSD
I chose that other chart because I noticed an obvious similarities but also a delay for the formation of the pattern.
As you can see, for the ETH cup and handle, we have broken with a 20%-bullish move. Compared with LTC, ETH shows 5 candles out of the cup and handle pattern.
In that case, we would see $187-$192 at the end of the week.
Support and resistance
The supports on that chart are given by the Fibonacci levels. Today, the red line is broken, this is a strong support, so we would not be under that support again within the next days.
Thank you for reading, react, agree, comment and follow. Have a great week ahead !