Forex trading brokers in pakistan luman
Taking all that into the consideration, our outlook is negative and in the nearest future, we should witness a drop, aiming the lower line of the wedge lower orange. Stay up to date with the financial markets everywhere you go. Who will win this game? Comments 0 comment s Click here to cancel reply.
Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. Blocktix TIX ; the altcoin that seeks to disrupt the ticket hosting industry. Is it possible that Bitcoin BTC is still substantially overvalued? Ethereum Analysis - USD defended but Get the most recent news at your inbox. This can be potentially very painful for the owners of this crypto. Once the neckline will be broken, our attention will be shifted towards the areas around the USD.
In that report from Monday , we also mentioned Litecoin, which was in a super important place. The price was just breaking the lower line of the triangle, which in theory was a trigger to a major sell signal. Bearish success here, so a price closing a day below the support, would be a very strong sell signal on this crypto. If succeed, the first potential target should be around the black line USD. With the current overall sentiment and such a strong technical signal, we should get there with ease.
The price did close below the support and the movement did trigger the sell signal. After this, we got only bearish sessions. Quite impressive I have to admit. Our approach do not change, we should get there quite easily. I know that drop in the value of the Litecoin and other cryptos may be painful but in the same time I am happy that with my reports, I am able to help some traders with their decisions.
As you can see, vast majority of our analysis are spot on. Anyway, time for the last altcoin in this article — Stellar Lumens. Last time, we mentioned the XLM on the 20th of March:. For that, we need to see the breakout of the red and orange down trend lines along with the green horizontal support.
Price closing for a day above them, will be a strong signal to go long. The price did not manage to close above the green area.
Orange down trendline is also safe for now. Currently, the price is aiming the lower line of the wedge and the test of the 0. We are using a bearish momentum created after the bounce from the 0.