THELOGICALINDIAN - My appearance is that this anniversary will be cogent for best BTC alternatives and actuality beneath our alarm I absolutely anticipate we should attending to buy LTC
On our access blueprint we can see that prices are trending college and aloft the capital attrition line. Concurrently at the circadian chart, a 3-bar changeabout arrangement forth the capital abutment apparent by the 61.8% Fibonacci retracement band has formed.
While at it, attending to cash EOS because it is acceptable that prices ability move lower appear support.
Let’s anatomize these charts:
NEO buyers are in allegation afterwards our trade altitude were met aftermost week. The action now is to buy on balderdash back. Because the average acceptation on our access blueprint is significant, that will be our the absolute buy zone.
Even admitting we cannot abatement affairs of NEO prices ranging, our ideal propositions for activity continued is if prices abutting aloft $155.
A distinct glance at the circadian blueprint shows that prices are absolutely bouncing off the average BB which as we apperceive is a key abutment line.
A bifold cheers and a abutting aloft the attrition trend band of a wedge. It is acceptable that LTC ability be accepting drive for college highs and alike abutting aloft key attrition lines.
From my angle, the lower and high BB are alpha to diverge. This is what we appetite to see acceptable because candlesticks ability absolutely activate amalgamation forth the high BB as buyers footfall in.
It’s a appealing nice affair that we accept these college highs but as I blazon this LTC is absolutely at attrition band of a alliance at $185. Even admitting I apprehend LTC to abutting college any cull aback from this akin be an alarming affairs opportunity.
As it is, my anticipation is for EOS to apathetic bottomward and crawl aback appear $12 as amount activity corrects that over-valuation afterwards anniversary catastrophe January 21.
In this time frame, you can calmly see animation is cone-shaped as $15.3 is actuality tested. If anything, this is the capital attrition line. Traders can advertise now as we capitalize those spinning acme on the circadian blueprint and activate affairs this token.
