Everything is going as planned here, so I maintain my previous perspective. After the Dark Cloud Cover it will probably seek the previous top at 2,641.4 (orange line). When it reaches there, I expect two different scenarios: Scenario 1: SPX goes to the orange line (previous top region) and does a bullish pattern. Then it might have the strength to break the blue...
We see a flag in LTC. If it loses it, the prices could sink down under the U$ 38k, which is the optimal target of the flag and where it would meet the previous support (pink line). So it’s easy to assume that 37,5k – 38k is a very important region, but after that there are stronger supports near the 37k (Mar 27,28,29 and Apr 1). Also, there’s what seems to be a...
BTC is in a very decisive moment right now. It might trigger this Head and Shoulders pattern, what could bring the crypto down to U$ 3,850 (the optimal target for the HnS). It didn’t trigger yet, so that’s just a ghost that is haunting us. In any case, if we see a bullish pattern here, like a Harami or Piercing Line or Bullish Engulfing it could frustrate the Head...
After a successful Head and Shoulders pattern (inverted), it seems the bulls are going to take a rest today. The volume has been decreasing in the last seasons, indicating there’s a top here. Isn’t time to buy, neither to short, but I would sell my positions. The prices could drop to the blue line (previous top) without spoil the bull tendency, but I would wait...
In my first analysis we see that SPX is in a very important moment, when a Dark Cloud Cover appear in a previous bottom region (blue line). I see two scenarios where I could trade SPX. Scenario 1: It goes to the orange line (previous top region) and does a bullish pattern. Then it might have the strenght to break the blue line and seek the green line, or even...