Potential double bottom trend reversal with LTC breaking out from falling wedge. Depending on what BTC does LTC may be a step ahead of BTC in trend reversal with BTC following close behind. This is a pair to keep an eye on in the near term as there is a great deal of positive news surrounding LTC in the coming week ahead.
- oversold on stoch rsi - close to oversold on rsi - W bottom forming Technically you should wait for the full 'W' to form before entering, but where's the fun in that. Easy scalp for a short term play. I'm holding it long. Just bored.
Its a double bottom pattern... Looking for bullish now.
It should bounce from the bottom and come back to at least 1.0 fibbonacci.
Market Analysis: The pair is now trading near the demand zone. Now it has formed a double bottom near the zone level. If the market is able to break the resistance and closes above 295. We can go for a long with a target of 315. So let's wait and see what the market does in the coming days. Cheers!
This coin chart is very different from the rest of altcoins. I marked channel and it is very obvious that the coin is trading in between theses two levels(yellowish rectangle). It is quite possible that the coin will reach highest high again in some time unless the channel will be broken and down trend will occur. I marked double bottom as well. I think SL...
NEO/USDT is showing a potential double bottom reversal. if it can break both labeled resistance lines, target price is ~$51.5 based on pattern projection. one thing that could interfere with this is BTC and ETH dropping in price further, which seems likely; likeliness to interfere with this movement in NEO is uncertain. these 3 are all somewhat tied to each other...