Crypto Charters TA
taking a look at where litecoin could go in the weeks ahead
LTC fell out of the blue channel, then out of the red ascending wedge , but is still within the red channel.
Using ALL TIME high and low for the fib retracement. LTC 0.88% just made a strong move away off of trend line b and breached above trend line a, which is now support as we consolidate between trend line a and the 100% fib retracement (ie. the all time high). Support is then found at the 76% fib and support line b.
It will take a very strong move to get back up into the ascending wedge before the apex
Bear div on the RSI interrupted by this recent move toward the ATH and now its back above 70. Cloud spans, cloud relative to price, conversion relative to base and lagging spans are bullish
Could see short term pullback near the ATH , but for a longer term trade I think LTC is heading up
Using ALL TIME high and low for the fib retracement. LTC 0.88% just made a strong move away off of trend line b and breached above trend line a, which is now support as we consolidate between trend line a and the 100% fib retracement (ie. the all time high). Support is then found at the 76% fib and support line b.
It will take a very strong move to get back up into the ascending wedge before the apex
Bear div on the RSI interrupted by this recent move toward the ATH and now its back above 70. Cloud spans, cloud relative to price, conversion relative to base and lagging spans are bullish
Could see short term pullback near the ATH , but for a longer term trade I think LTC is heading up
Crypto Charters TA
Photo
Stochastics looking to embed and BCC has breached below its 100 dma. Price relative to clouds is bearish , conversion relative to base is bearish , plus bitcoin just broke out to new highs
A fall below 23% fib could take bcc lower along the blue diagnonal trend line b to the lower end of the black channel.
Resistance at blue line a, the upper end of the black channel and the red cloud
A fall below 23% fib could take bcc lower along the blue diagnonal trend line b to the lower end of the black channel.
Resistance at blue line a, the upper end of the black channel and the red cloud
Forwarded from Jay Sea
OMG broke out above its previous at , breaking away from the 100 dma and the clouds after a recent TK cross. OMG now has support at black trend line a and resistance at the lower end of the blue channel.
If stochastics continue above 80, look for OMG to continue higher into zone 2 toward the 162% fib retracement. If we make it into zone 3, resistance will be found at the upper end of the black channel, the lower end of the blue channel, and the 262 % retracement.
If stochastics continue above 80, look for OMG to continue higher into zone 2 toward the 162% fib retracement. If we make it into zone 3, resistance will be found at the upper end of the black channel, the lower end of the blue channel, and the 262 % retracement.
Forwarded from Jay Sea
https://www.tradingview.com/x/uj4okTYL/
pivxbtc needs to get back above the clouds and out of the blue triangle to see a real breakout... otherwise the downtrend continues (filling more of the blue triangle)
pivxbtc needs to get back above the clouds and out of the blue triangle to see a real breakout... otherwise the downtrend continues (filling more of the blue triangle)
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Crypto Charters TA
LTC fell out of the blue channel, then out of the red ascending wedge , but is still within the red channel. Using ALL TIME high and low for the fib retracement. LTC 0.88% just made a strong move away off of trend line b and breached above trend line a…
potential resistance at bottom of the red triangle.. support at 100% fib and line a... also peaking higher above 70 on the rsi...