A power move with really big targets by the bulls could be incoming for this pair. But they need to break 1.3330 - 80 first as I think this is key for such bullish scenario.
Still in sideways to down trading range forming a potential bull flag/descending wedge pattern. Very curious to see how the market would react to the trend line support of this broad channel. I think a test of breakout level 1.1500 is incoming. Note that market could also proceed to test 1.13700 later which is another another breakout level.
Inside bar forming at support (~0.0720) so we could see a break to lower prices next week. Alternatively, a bounce here could facilitate a possible break higher out of this consolidation.
Litecoin closed last week above 57.00 so I'd consider the breakout confirmed at this point. Also observably relatively performing well under recent volatility. Hence, I'm bullish right now and would buy this re-test if I see a nice bullish candle today. As long as 57.00 holds on a WEEKLY CLOSING basis, I'd say we should see this targeting the next resistance...
Current rally is at a confluence of resistance represented by the intersection of July 2019 high (horizontal resistance) and wedge trend line resistance from the February 2020 high. There may be enough momentum to break above this level but caution is advised given there are always risks of false breaks. Let's see how the markets navigate these levels in the...
After flirting around the 142 billion market cap level weeks, alts market capitalization seem to be pushing higher. We did see a quick spike this week (if the Tradingview data is to be believed) above 155 billion to test the recent highs but market pulled back quickly. Bulls will want to see a weekly close above 155B to increase likelihood that we'll see the...
A really big bull weekly candle forming indicates some urgency, especially if it closes near the high. Significance is increased considering it could be a breakout of a years-long consolidation pattern (since that year 2017 high of 420.00). Keep this in your radar if you are waiting to buy. A weekly/monthly close above 57.0 should confirm the breakout.
I am looking for a break higher but we are likely to see some kind of a pullback or consolidation before the market decides to break out of this multi-year consolidation (as seen in the HTF charts) or not. Market deciding to give us another bear leg is of course a possibility (In fact, I think there's a high probability that will happen in the short term so a...
Letting the chart speak for itself. Target/resistance levels already marked.
Strong moves off of an inverted H&S pattern and perhaps about to test resistance levels, a key one of which is 57.00 (IMO). Here's the weekly chart for reference:
Re-drew my chart again but this one looks to be a more significant breakout as it did so against a confluence of resistance levels. Waiting to confirm by a daily close above 1,935 (red line). Still watching this slow grind with utmost interest.
Looking at today's candle as a potential buy signal IF AND ONLY IF it closes near its high. If it does, a buy above the candle is reasonable. Setup invalidated if either of the following happens: market pulls back significantly before closing, market trades below 0.2767 (red line), or if market creates a lower low (below support level around 0.2626). Warning:...
Approaching the upper limits of a trading range that has been in play since August. Also in confluence with a possible wedge top. I think this will be a good test for this current rally. A break above 11,900 on a WEEKLY CLOSING should be indicative we are finally heading higher! Else, more sideways to down likely. Let's see now.
Last week's candle was a bullish pin bar. We might see another bullish pin bar this week, along with a possible inside bar pattern Little choice for the market but to break out. Question is, which direction? :) PS. Still a few hours to go before the weekly close so let's see if we do see an inside bar pattern here.
A daily and weekly close above 395 should signal strength for Ethereum and would probably be followed shortly by a test of the recent highs. I am particularly watching that 433 level which represents the highest weekly closing price since 2018.
A weekly close near the weekly candle high would be welcome development and should be great bullish signal considering where we currently are. Context is everything and right now, we are at a good place to launch! As long as that 0.01 level holds, we are good to go!
Inside bar forming just above support. A bullish follow through from here should open up next resistance level as target (around that 13.8 area).
Ethereum showing some strength recently but is still trapped within a 5-week range. Bulls need a weekly close above 395 which is the high of the range and which the bears might be viewing as the first lower high of a new bear trend forming. A show of strength from the bulls could help dispel that...