Double bottomed and oscillators showing class B bullish divergence on the 1 H.
Ltc reached the 0.382 fib level of the Fibonacci taken from 107 high to 62 low, some profit was taken on these levels and now we touched the 0.236 fib level for a second time creating what seems like a double bottom with a bullish divergence on the 1H.
Good entry point for taking...
Head and Shoulders played out , What followed was a retest on of the level of the last peak of the descending wedge we broke out from yesterday ,
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text...
Ltc price reached the lower end of the fib channel ,
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see...
BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish...
Drawing some lines on a few stocks, fast and loose style, to see opportunities for swing / range trading.
Where price hits the bottom of a channel and the market enters a downturn, we may see that acting as a catalyst for a trend change.
If price is still within mid to upper ranges of a channel it is more likely to hold stronger, chop sideways, or meet support at...
There is decreasing volatility in this pair and a triangle is forming.
The Daily/Weekly timeframes are trending downwards and so I am leaning towards a bearish position.
I expect an attempt to breach 107, at which point I will be watching closely for a low risk short.