With the release of significant Tether/Bitfinex FUD today litecoin hardly budged and quickly regained the level taken.
In this case I'm going with "the trend is your friend" as everyone wants to call tops on this, we could easily see the current shockwave break up and challenge the recent highs to get around $100.
Price only goes up or down, but the paths it can take are infinite.
To help fight my biases I take a number of potential paths including important zones where price is more likely to stall or bounce.
With ETHBTC the over-all shape since the lows is that of a large flag which could lead to an impulsive break up. The move resulting from this would be powerful, but...
SNAP has thoroughly rekt millenials for a couple years now and finally reached a price where buyers were willing to accumulate down in the $5-$7 range. A lot of people are now convinced that snapchat is dead, but may end up being surprised.
Breaking this angle would have me targetting the volume core of 13-14, with a second target in the $15 range.
CNBC Level at 275 has proved to be an excellent level to play around. We dipped way below but made it nowhere near to $240. Now we look to long term for a break of this down-trending trajectory.
Breaking above 300 level would have me targetting 340.
There is also potential for this entire shockwave to break up and eventually reach the magic $420...
SCUSD is a similar story to SCBTC, only in this pair Sia has made a lower low and has a more impressive accumulation range.
Still the short term bull flag is similar and the play similar. Break below this zone = GTFO. Otherwise it may be a fun ride.
SCBTC (*1000 to show appropriate price history on log scale).
SC has taken a real beating and been in a consistent downtrend since June alt season.
However he has formed a new accumulation zone above the long term volume core, and been sideways since november.
This has created a potential higher low.
Zooming in to lower TFs (use binance for that) you see the...
Wax has pushed out of his accumulation zone for the second time and gone for the retest.
Targets and stops not given but two possible scenarios added. A third possible scenario is a re-entry of the accumulation zone before swift move up to truly rip faces off (ala BTC bottom in 2015).
Not on binance: Safe to pump in a low liquidity environment without too many...
Eth chart inverse has some similarities with the Peak of early 2018 and subsequent crash.
However as @kazonomics points out, looking the same is not enough: human emotions are what drives the charts.
Are ETH holders as salty now as they were euphoric in January 2017?