Two potential paths that XMR / BNB takes. Idea may be validated by a close above resistance, or a candle testing the resistance and showing a rejection (closing below). Not in any positions here at present.
LTC / BNB is at all time lows, we have to bounce here or it goes into free fall. There is no historical support any lower on 1W, 1D or any timeframe. The 1H and 4H candles indicate the start of a bounce. If we close below the previous low then there is no known support level remaining - there may be some violent wicks downards.
Short term resistance level on the 1D has been hit and has acted as support, with the 25 MA also adding support at the same level. There has been a large sell of recently of LTC / USD and one would expect a bounce here. A trend of repeated higher lows also adds confluence and a level of support, so a bounce seems imminent. There are no strong resistance levels...
Potential path that BCH / EUR follows, taking into account recent support / resistance levels, massive sell-off on the RSI and big engulfing Bearish candles. Will be interesting to see how this plays out. if 1.32 level gets taken, expect a large drop.
2nd Retest of a strong historical support / resistance level, with an easy invalidation level to spot. Not the highest probability set up, but high R and low risk. Seem like quite an obvious set up on both the 1D and 4H. The strong rejection at the first retest indicates strength and increases the likelihood of a notable rejection this time around.
Potential Long, followed by Short at 99MA Resistance. Pattern spotted on the 1D and confluence on the 4H and 1H. Using Support and Resistance Levels as well as the moving Support and Resistance Levels of the Moving Averages. Basic Rounded and Micro-Retests taken into account when anticipating the bounces at both the Long Level and the Short Level.
Potential short position on 1H BCH/BTC Chart, based upon S/R Levels, number of retests and 25MA/99MA cross. Price has already had time to react from the 7MA/99MA cross on the 1H and now expecting a reaction from the 25MA/99MA cross.
As well as hundreds of indicators based on historical data leaning highly bearish, strong possibility of a head and shoulders pattern forming on both the 1D and 4H charts. Printing more money can only work for so long, before a correction is inevitable. Bubble could be about to burst.
Clear channel developing, with very little historical resistance on either side. Once channel is broken on the Daily close, expect a significant move one way or the other. Would lean towards shorting, RSI seems to indicate potential reversal. Awaiting confirmation.
Charts based almost entirely on slightly RSI downtrend on the low time frame, loosely correlated with FIB Retracement Levels from an earlier High/Low. First ever chart, definitely a very big WIP. Good to post to keep a record to look back on. Have opened a very small short with tight SL