I think the picture speaks for it self. We have 2 different in the making and both are showing the same target. In an update i will show both of them. I had them in this chart, but it became to unclear with all the other information.
For more information read my previous analysis and maybe even a few older ones as well, so you can see what my bigger game plan is. I am happy to say that i posted 6 Alt coin trades a week ago at the lows and all of them have reached their targets and some even went passed them. I have closed all of the trades, because greed is a loosing strategy on the long term.
While i was making this analysis price dropped through it's first , now we have to see if the purple line will hold.
If you like what i am doing here, than keep the likes coming guys. put me back on top again :)
Bulls are trying to fight this. That green level is an important support now,could also be the neckline of an H&S. So if we drop below it i think we can see 7700 very soon. If bulls can show some force now and break that small neck line of the inverse H&S it still has to fight that red resistance area. So we could say we are in a channel now, and hopefully we will see some direction soon.
Slowly dropping, could accelerate if we drop below the 8000
If something special happens i will try to keep you posted with my mobile, otherwise you will see updates later today. Good luck trading
My motivation is the like's guys, if you think i deserve it, keep m coming and put me back on top again :)
I am out again guys, sorry :)
It's been moving in a triangle for half a day now and there is not much room left. Now it can break both ways, but my guess is we go down, but it's more like a 65/35 chance. My gut feeling is not telling me anything. Also because i was not at home watching the price action and getting some clues out of it
It's no real use updating, no valuable info i can give, nothing tradable on the short time frame and at the 50 yard line still in the med term direction. The sun is shining today here, i am going to enjoy a day off i think. Good luck trading :)