Hey Traders,
As we can see on the weekly candle closes of the total market cap of cryptocurrency. The market cap price action has formed an eerie Head and Shoulders. Additionally connecting the two peaks, shows the RSI hasn't made a higher high indicating the bulls are weak. This is worrying...
Safe Trading,
-Pulkanator
Hey Traders,
As you can see on the Daily Chart of Litecoin (LTC). Price action has formed a falling wedge which will breakout at the end of the month. The target for this is the .618 level which is about $119. Additionally, the RSI oscillator has indicated we have a weak Bullish Divergence. To also go with the $119 target is the orange basis weekly Bollinger Band...
As expected, we had a little bit of a boost but it was was harshly rejected and price was sent down to its current level. We will need to see some bulls show up to the party or we may be in for a long ride. Pivots are very relevant right night. We need to push through this blue pivot in order to enter bullish territory. I'd really like to see a close above the...
