StefanoMichelangelli

StefanoMichelangelli

First triangle (clear blue target): 919$ Second triangle (dark yellow): 949$ Third triangle (deep blue): 964$

StefanoMichelangelli Updated 

As my previous analysis, the target was reached, now we could see a price behavior like this. we have to get in the market with a long position wen properly correction occurs at 1332$ price, then we could manage the risk like i proposed, taking care of the targets at 1346$ level.

StefanoMichelangelli

We are in a long-term bearish channel, where a price recovery force and continuation of an upward trend was evidenced in the price level of 569 $, explained by the high volume and the exhaustion of the selling force. While this is happening and the price continues to recover, we will see a correction of at least 61% ($ 715) before following the bullish path. We...

StefanoMichelangelli

Reward/Risk ratio: 2.46 1st TP: 1.44 (TOP OF UPWARD CHANNEL) 2nd TP: 1.46 (PENNANT OBJ) 3rd TP: 1.59 (78% FIBO FROM LAST FALL AND PSYCHO. LEVEL)

StefanoMichelangelli

We are currently in a stretch of indecision, where the price will range between $ 1332 and $ 1325. However, in the last few hours a triangle pattern was generated, which by confirming its rupture, would dictate the course of gold in the medium term. if the price exceeds the resistance of this oscillation channel, we could enter the market expecting a TP in $ 1337,...

StefanoMichelangelli Updated 

Following the analysis, the fall of the litecoin is explained by the retracement of the BTC -5.77% (forecasted previously). For this reason, the analysis is intertwined and as expected a stronger fall of Bitcoin -5.77% (up to $ 8800 at least), the litecoin will also, at the levels established in the previous analysis.

StefanoMichelangelli

We are currently witnessing a stage of recovery, an idea supported in the volumes at the time of recovery, and the breaking of the wedge by a large bullish candle. The trading at this moment is configured in the following way, Stop losses located at $ 188 and $ 163, with price targets located as follows: Short term: $ 275 If the price exceeds $ 275 with a 90%...

StefanoMichelangelli

We are currently witnessing a stage of recovery, an idea supported in the volumes at the time of recovery, and the breaking of the wedge by a large bullish candle. The trading at this moment is configured in the following way, Stop losses located at $ 188 and $ 163, with price targets located as follows: Short term: $ 275 If the price exceeds $ 275 with a 90%...

StefanoMichelangelli

We are currently in a bearish channel, indicated by the two blue lines in parallel, if it manages to exceed the channel ceiling the short-term objective is around $ 18,000. After that, if the price exceeds this level, the following objectives to reach would be $ 28,000, this being a medium-term objective (the objective is confirmed after exceeding the...