4H RSI Bearish Divergence pattern is still intact. Buy range: 25.63 - 26.34 Possible major support level around that buy range. I am waiting for LTC to confirm the ABC waves which could turn into Wave 2 in a big 12345 waves, then one impulse wave 3 to the upside at a target of 35 At major resistance of 35, there are tons of bears waiting to short that...
BCHABC price is forming a potential bull flag on 4H chart. There are multiple selling candlesticks on 4H chart with declining volume, it could be sign of exhausted bears. Resistance @82.80 Support: 78.86 If the price breaks above 82.80, the bull flag is pretty much confirmed. Next resistance is @99.07, For that reason, it will be potentially resulted in a +19%...
The risk/reward ratio has now turned into a incredible 31:1 for those who are still in the trade right now. I don't see any reasons to get out of the trade. Since the bull flag pattern on the 4H timeframe, BCHABC bulls has been skyrocketing, so far over 80% in profit.
The very first signal to short LTC at this level. Buy range is between 25.89 -26.36
The potential RSI Bearish Divergence Pattern is forming on the 1H timeframe. Prices make multiple higher highs but RSI on the other hand, makes multiple lower highs. It indicates that bulls has been losing momentum and LTC can prepare for a short-term trend change. Interim support @ 27.39 Do no catch the falling knife until price hits that 1st support and wait...
BCHABC has been trading in a range between 95.87 -110.94 during the last 5 days. There was a moment it was breaking down from that range in one candlestick and the bulls managed to bring it back. Prices continue to struggle with the EMA 12 on 4H timeframe. If BCHABC succeeds to stay above EMA 12 during the next 12 hours, the bears will also be waiting for the...
ETHUSD is trading much weaker than LTCUSD on the 4H timeframe but it's worth paying attention. There has not been a breakthrough on the 4H chart like LTC. Until ETHUSD breaks above the interim resistance @ 91.65, the downtrend is still intact and you should be staying out of the coin. And as long as it breaks above the interim resistance, you need to zoom -in to...
One of the strongest coin among the community. LTC 4H managed to break through interim resistance on the 4H trend @ 24.64. Multiple 4H candlesticks has been closed and stayed above the EMA 12 but still struggling to fight with the EMA 26. Note: if any 4H candlesticks closes and stay above the EMA 26 within the next 12 hours, I am confidently saying that there is...
When I missed the boat, then I would look back the chart on multiple timeframes to see where were the signals to enter the trade. As you can see on the 15m timeframe, the bullrun was first approaching multiple resistances @ 5.4394, the bears pushed price back down tremendously right at that resistance. But when the bulls finally managed to break through that...
Bulls are showing some strengths on 4H and daily chart by buying the dips aggressively. In the parallelogram ABCD, an uptrend is clear. My suggestion is buying above 525 and below 538 would be safe. Stop loss should be triggered if prices broke below 524, in that case, the parallelogram ABCD is failed. The reason I set the target @572 (point C) is because the...
The DMI + just crossed DMI - yesterday indicating the bull signal on daily time frame. EMA 5 is about to cross above EMA 10 which has played out very well since the ATH in Jan. My first target would be 7789 somewhere in early Sep. The target is also the major resistance- where a lot of BTC supplies would be out from June 3-8. Safe trading.
With initial decline from 6480 to 5884 being considered as the pole of the flag, I am looking to see another leg down on 4Hr time frame to form a bear flag. Scaling in around 5500-5600 will be a good entry.
Ethereum is forming a potential Descending Triangle Pattern on 4H chart which is in favor of bearish. If the price does not hold the $455 major support level, then we can see ETH back towards the $400 price range again.