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EurGbp: Cypher bearish: Wait for the D leg.Hello Guys. Here we looking for a cypher pattern to short. We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam. We broke Down Again, and make the B leg, on the cypher. ( LH) After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg). Now we will wait for the D leg to complete. If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now. It, can also make decline the cypher, and broke under the C before there D. Remember to look at the RSI, and some chart patterns.
by McbmMM
Quick Litecoin analysis before bedJust putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings for when the bulls take back over and my account isn't completely dependent LTC being above 220/USD.(Rookie mistake, but a mistake none the less) I would like to see some constructive criticism or praise and speculation
BITFINEX:LTCUSD
by thetrueduane75
CHATBTC Descending Triangle 3 Day OutlookWe've been in this disgusting descending triangle for the last few candles shown. This is news for all you bears out there, in the short term we're looking at some decline. Candle touched the descending line at the 0.618 fibonacci retracement and was rejected hard, you can see where with the red arrow on top. Stoch RSI is overbought and we're on a decline there as well. Looking at the third indicator on the bottom, Vix Fix by Chris Moody, shows that we're not at (or near) a market bottom. We're looking to bounce in this wedge, and looking to break (hopefully upwards) in 3 days, keep and eye on the time block. Happy Trading! -Banana
CShort
by xBanana
SN has room for growth - expecting pattern repetitionThis stock definitely has been on a consistent down trend, and on the 5 year chart has been trending relatively sideways as of late, however - we recently hit a 52 week low of around 2.70, and are now seeing a rebound off of that. based on a decent amount of time watching this stock and giving it my best effort to understand SN - my hypothesis is that we will see it go up to around +/-3.60, and drop a final time before rising up to another resistance at around 9 dollars in the next three months. This is just based on my own due diligence, not to be taken as trading advice just sharing my thoughts on the future of this stock.
NYSE:SN
by Gcabr