Volume is mostly selling over last few days.
Could break out upwards but I feel people are looking for a lower entry point and holders are getting nervous with lack of upward price movement.
The prediction I pulled out of my ass is a downward movement possibly followed by a bounce.
This is not financial advice, it's just lines on a graph.
It would be good to have a feature in the chart that allows me to sellect volume and price bars. Then this slected bars will NOT AFFECT the volume and price scale axis.
This is because often we see huge volume bars and extremally wide spread price bars which make the other bars so small that are impossible to be read and compared (for technical anlaysis).
Hey Guys, We have analysed this swing trading opportunity on EU. This currency pair continues its bearish trend after breaking strongly through the support level of 1.17 last week. It consolidated slightly after this but not looks to continue its move lower creating lower highs. The target for this trade is 1.14438 with a 3/1 Risk Reward.
Whole week we watched the Bitcoin rise to new heights. Over the past 24 hours, we have seen growth of almost 3%. Capitalization of the entire crypocurrency market exceeded 200 billion USD, with BTC dominating over 62.5%. In the top ten only Bitcoin and Ethereum Classic record growth, the rest of the cryptocurrencies are falling.
We've reached 6200 USD, 6500 USD,...
Are we so sure this will retrace upto the 50/61? Im not this may be a shallow retracement itis a massive demand area to get back upto 150. if it does (Fundamentals aside) it will track up the trend line painfully so set an alert and be ready for it!
Strong Technicals on the hourly for a sell between 19.27 & 19.28
Should be short down to the 23.6 at least, but since it has broken the trend without retest lon term it should reach the peak area again.
Litecoin over the last 24 hours dropped about 0.5%. It still moves in the growth channel shown in the chart below. We see that support of 55.5 USD heavily defends against falls.
This level also coincides with the lower channel limitation. However, getting smaller peaks and smaller growth responses on this support suggest that it may be broken on the bottom. If...