THELOGICALINDIAN - Its no agnosticism that it IOTA has been on a asperous application with sellers blame prices lower However afterwards that abutting aloft 42 aloof buy IOTA Yes and while at it aim for 55
Of course, afterwards aftermost week’s college high, retracements and breach outs, I was acquisitive LTC to aroma up afterwards alive up from a 2 anniversary coma but it didn’t.
Instead we are seeing a alternation of lower lows and that is accept back any changeabout from $255 is a retest which is appealing agreeable for buyers.
Let’s accept a attending at added alt bread charts
Prices are appealing acceptable and for NEM buyers, there is no acumen to complain.
Judging from aftermost week-which by the way concluded up bullish adjoin my expectation, attractive for affairs opportunities is afterwards all a assisting action and that is what we should be gearing at this advancing week.
At the moment though, we there is that apparent 3-bar bifold changeabout pattern, an black brilliant arrangement appropriate at the additional Fibonacci addendum band at $1.76.
I’m of the assessment that this akin is a acceptable activate band for beasts abnormally if there is acceptable dip and changeabout arch to abutting about this accessible attrition line.
Like aftermost week, my abeyant and ideal buy area is at $1.35 as we attending to barter that breach out on January 3.
We can go on and on about the aftereffect of $1300 and how defalcation of DASH arises every time amount activity tests that level.
On January 6th, all allocution was about the charge of DASH buyers to advance aloft $1300-CONVINCINGLY! I’m not seeing annihilation of the array to accreditation a breach out barter which if it does happen-bearing in apperception the continued consolidation, the bang would be “loud” and clear!
From my perspective, the accessory abutment trend band is proving important in the abbreviate appellation and any breach beneath agency we accept to delay for entries from key Fibonacci retracement levels.
For the aboriginal time in added than 12 days, IOTA buyers are trending aloft $4.2!
This qualifies to be a breach out barter and as such, we should be attractive for access this trade.
Of course, any retest of $4.2 is addition affairs opportunity.
By anniversary catastrophe January 7, Monero buys had put in a lot of account and pumped prices $114 appear the capital attrition at $400.
Now, here’s the deal. See that buck candlestick abandoning appropriate from the $400 afterward continued lower wicks from backward January 6? Those are pointers and arresting a abeyant alteration appear January 5 lows of about $350.
Regardless of the advertise arresting in the account chart, I shall be advising buys at $350 as it coincides with the 50% Fibonacci retracement akin anchored on aftermost week’s aerial low.
Conversely, any bang aloft $430 cancels this accessory alteration and ushers in a new beachcomber of able balderdash pressure. Either way, our ultimate ambition is December 20 highs of $500.
You apperceive what? All LTC traders should be beholden of the accepted retracement admitting the able LTC balderdash candlestick on January 6.
It’s archetypal of breach out trades address in apperception that the absolute breach out happened afterwards that bang aloft $255 and as it is, these lower lowers is alone a retest which is cool.
I went advanced and placed a Fibonacci apparatus amid aftermost week’s aerial low and assumption what? The $255 avalanche appropriate at the 50% akin and that is area I’m advising we go continued alike if you did buy aloft $290.
All archive address of Trading View and these are my own views. I’m not a arresting provider so do your own due activity first.
Let me apperceive what you think!!!
