Bullish Scenario
Price holds above the 217.44 support level
Price can commit above the 249.00 price level. Why- look at the amount of effort it takes for price to move through the 217.44 level to get to the 249.00 price level.
Price can break 249.00 and 264.50 and stay there. Why - Supply starts to overcome demand on the last two rallies that broke...
Litecoin just tested the lower trend line of the massive triangle it has been trading in. The pink dash by price at the lower portion of the triangle labeled d200 is the 200 MA on a daily time frame. As you can see price did break and currently has one candle that closed below it. Now it is time to see if price is going to bounce or hold and stay in the triangle,...
Hello traders. Looking at Litecoin on the 4 hour chart. There are many moving averages on this chart to look at. Litecoin is currently boxed in by resistance and support. If you look at the blue circle I have on the chart you will see all the resistance that is above Litecoin at the moment. The thick red MA is the 50 MA on a daily time frame. It is labeled 50d on...
Hello out there. I wanted to give an update on the Litecoin chart I posted last night. As you can see price did bounce lower off the overhead resistance levels I highlighted in the blue circle and is currently following the white line I put on the chart last night. The white line was not intended to be a trendline for price to follow if price did go lower. It is...
Here is an update on the last chart I did on ETC. We were watching to see if price would retest the high made on 2018-02-19 or if price would break the neckline of the inverse head and shoulders pattern. Price did break through the neckline and has found support again. Price is currently sitting on the 50% retracement level of the low made on 2018-02-05 and the...
Hello fellow traders. Attempting to publish my first chart on TradingView while looking at ETC.
When looking at the daily chart, we can see ETC has been trading sideways since the beginning of December, and price is now using old resistance as support (lower light blue line). When moving over to the 4 hour hour chart, we can see an inverse head and shoulders...
Looking at the 4 hour chart of ETC. Price did consolidated at the 50% retracement level as anticipated. Price was able to break through that level and has now found support at the second area I had drawn on the chart. As you can see there were a few changes made to the chart. The down trendline has been extended to the support area marked with the blue horizontal...
Hello fellow traders. Updating the chart from the last three Litecoin charts I posted on March 7th, March 9th, and March 10th. As you can see prices did bounce lower off the resistance area I marked on those charts and Litecoin did retest that area of resistance before dropping in price. I have left the two white lines on the chart showing a measured move. The...
We are looking at the one hour chart. Let's focus on what is going on in the blue circle on the chart after Litecoin broke below the horizontal support area shown on the chart by the blue horizontal lines.
Price is testing the horizontal support area as resistance. Price found the 120 bar moving average on the one hour chart in this old support area that is now...
Hello out there. I was looking at a few trendlines on the 4 hour chart of Litecoin and depending on want your requirements are to form a triangle, there could be one forming. Look at the yellow trendlines. Good trading to all.
Time to update XLM one last time for this move. We are looking at the 1 hour chart. This market did produce a decent move up. I added a set of fib numbers as you can see on the far right of the chart. These fib numbers show the retracement levels of the high at the top of the trading range that brought price to the support level where price bounced from. For those...
Hello to all traders out there. I wanted to take the time to post a chart of EOS for educational purposes only. We are looking at the 4 hour chart. I posted a chart a few days ago about XLM finding a support area above the lowest low made after an all time high. XLM did bounce up off the area of support. If you look at the chart of EOS, you will see it has also...
This is an update to the last chart I posted on XLM a few days ago. We are looking at the one hour chart. This market is alive. It has life. We watched this marked grind lower into a support area with little to no volume and while producing nothing but small ranging days. Today as you can see XLM has produced a few large ranging days with higher volume. On the 1...
Looking at a one hour chart of XLM. Price has been in a trading range since the beginning of February, and price is once again testing the lower support area of this trading range (lower two blue lines). I have drawn a down trendline within the trading range. Price has failed to break this trendline many times and we now also have all three moving averages...
