We are seeing spectacular price action on LTCUSD with volume to back it.
The current extension reaching ~$400 LTCUSD (Coinbase) appears to be relatively sustainable, given the macro forces at work:
1) Litecoin marketing push
2) The cognitive bias and public perception of Litecoin's price being "cheaper" than BTCUSD, as such, more people are placing buys
3) The...
Although its very tough to predict from chart when the data is barely few days older and you dont have much of a history.
However, POWR is presenting an interesting structure with more potential on the upside and limited downside.
POWR has been resting at the same level against BTC for almost 5 days now, thats generally a sign of next big move on either side. Our...
NFLX is printing a bullish engulfing candlestick price bar right off its uptrending 50 DMA on heavier above average volume with my momentum/trending oscillators confirming the price move. I am adding to my NFLX long position on Wednesday using a limit order (GTC-BUY-LMT) @ 199.68. I will have two trailing sell stops (GTC-SELL-STP) @ 193.62 and 189.49 to protect my...
Shorting opportunity is close to completion on a 1hr time frame in the form of a Butterfly Pattern.
This short could be considered to be with the trend in higher time frames.
RSI is showing small traces of divergence, and the sell zone gives an excellent risk reward ratio with stops generously placed up at 0.97452. Please consider your own risk tolerance if taking...
With BTC at another ATH (All Time High), the question is - once it hits the magic 10K USD and everyones sell limit orders hit - where are we going next!?
| SUMMARY |
Based on the premise that "previous resistance becomes new support" (Thanks Nicholas Merten - Data Dash), as well as several other data points, we can carry out analysis as follows:
1) The...
The pair give back almost all the time most of the gains since the big trend is bearish .
I expect of give back at least 10 to 20 points from the gains of yesterday.
This is a short term trade spot.
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Support Resistance
131.74 132.85
131.34 133.56
130.63 133.96
Key Trading Level: 132.45
EURJPY - Trading Plan
The idea is to stay in buying above $131.600 with a stop below $131.150 in order to target $132.250. Good luck!
Read More: www.fxleaders.com
Have a close look at the 4- hour chart, the EURUSD is likely to find support at 38.2% Fibonacci retracement level of $1.1730 and $1.1675 61.8% retracement level.
Read More for Entry, Take Profit and Stop Loss: www.fxleaders.com
Several triangle breakouts in the past and a ascending trading channel are in place to several months now on Litecoin.
We are still located at the lower levels of these indicators and therefor a perfect spot to take positions. Break outside the bullish trading channe will acellerate the upward momentum rapidly. Based on historical date litecoin should climb a...
