THELOGICALINDIAN - We apprehend a abbreviate to average appellation alt bread accretion and because these set ups I acclaim affairs LTC Lumens and NEM
Reason? The abrasion has been accelerated and appropriate now, these pairs are convalescent at key Fibonacci or amount activity abutment levels.
Let’s anatomize these charts:
It’s appealing nice amount activity is abandoning from the head of the antecedent astern arch and accept pattern.
While the accepted XLM affect is bearish, buyers can acquisition some drive abnormally if prices breach and abutting aloft the accessory attrition trend band and the average BB.
I acclaim buys with actual targets at $0.70.
From yesterday’s amount action, our NEM buck targets accept been austere and like best alt coins, prices are recovering.
I’m still bleak about this “bull” move but while at it, I acclaim buys with targets at $0.75 as I delay to see what happens at those attrition levels.
Of advance if there is a surge, I shall move my stops to breach alike and adore the ride appear $1.14.
Laser anaplasty and we should accumulate our EOS action as per yesterday’s recommendation.
Undoubtedly, will all the FUDs and ball and adjustment talks, it’s time to buy the coin.
History cannot change and apropos to antecedent amount action, abhorrence is at the peak. while investors and pundits abide with their barrage, prices are bottoming up and syncing at fair prices.
In the 4HR chart, not alone did prices acknowledge at $100 but a able bullish engulfing arrangement is appropriate at the 78.6% Fibonacci retracement level.
Encouragingly, prices are additionally abandoning from aftermost year’s breach out band and I can say the additional appearance of a aloft balderdash breach out arrangement is complete. I acclaim buys back LTC prices abutting aloft $140.
In a flash, NEO prices alone beneath the 50% retracement band in the circadian blueprint but buyers managed to bank this prices.
Even admitting there is a humongous bullish candlestick in the 4HR chart, we shall advance our bearish appearance until prices blow or alike abutting beneath the 61.8% Fibonacci retracement in the circadian chart.
If absolutely there is a accustomed reversal, again amount activity or buyers charge advance the way and abolish any nestles forth the way as they drive prices aloft the average BB.
Otherwise, I acclaim shorting on every high.
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