DataPatron

DataPatron Updated 

Hi guys! As we can see Litecoin seems to be bullish short term but we should always look at bigger picture first. And bigger picture is clean - bear market. And I really do not think that bear market will end here by breaking 200 day MA. Another thing is I see nice bear flag with possible single digit target - probably bear market bottom. Good luck! -DP-

DataPatron

This type of candle describes itself. Next days will likely be red

DataPatron

Classic pattern says it clearly! Technical target is 5k

DataPatron

I have a little bit bullish bias here. Breakout up from here can be very strong - up to hard resistance cluster around 5k! Breakdown will send us back to 3k resistance or below. -DP-

DataPatron

As ETH wasn't able to break 195 overhead resistance, we will very likely to continue inside this descending channel down. As you can see price action showing possibility to form another descending triangle (not yet confirmed). I don't see any support between 195 and 80 so I expect nasty fall back to previous lows and probably new lows. On the opposite site bullish...