Litecoin - Heikin Ashi, trend analysisLooking at the LTC chart with Heikin Ashi candlestick pattern, we can see the trend much clearer, and things are looking good with a strong uptrend, all green candlesticks with high wicks, which indicates the trend is currently strong.
However, I don't think we are completely out of the down trend just yet, price needs to make a higher high on the daily before i'm convinced, and that is shown by the first red line.
I do think we have a good chance of continuing up to this red line though, and taking profits here would probably be something to think about.
(this is not financial advice)
Heikin
WTI Crude Oil Excellent opportunity for WTI Crude OIL
Here is what can become an excellent opportunity, one of those I prefer. A nice double maximum in daily reached with extreme precision.
The graph to which I refer in this analysis is a 4h and shows very clearly how in area 66.70 there is a double maximum for oil. On these occasions, immediately within short placing no stop loss just above R1 and a first target in S1. As I have repeatedly explained in my analysis, my entry is not unique. I usually build a position in a market with multiple entries. Entering 65.73, for example, I start to build my position that I will strengthen if I had to get closer to R1 while keeping the same SL in order to take full advantage of the rebound. I will strengthen this position further if the daily gives me another bearish signal like that of a Heikin Ashi Bearish or a short signal from the EMA10. However, the opportunity is now really interesting, there was also a spike on R1, so I start to build my short operation.
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BINANCE COIN / BNBBTC / Ichimoku / Heikin AshiBNB is looking very bullish . I feel the fundamentals behind this token are strong. The long term decentralized vision of Binance makes a lot of sense to me, and they have the capital and liquidity to pull it off. The move to Malta, ability to bring fiat pairs, and a coin that actually has a use (exchange fees), all in all i like this coin a lot.
We have reached the all time high for a double top.
RSI is showing bullish divergence on the 4 hour & the 1 Day chart.
We are well above Kumo, Tenkan and Kijun, showing a very strong trend.
A retracement back to the trend line is likely , but the bullish RSI indicates we may break out and make a new all time high vs BTC.
I am waiting for a strong bounce off of the Tenkan, a white candle with no bottom wick, and a close above the 1 to enter.
I think this is worth keeping an eye on. it's nice to see an all time high in this market. go binance!
Looking BearishVWMACD is gaining momentum, both short term and long term. Also, ADX is increasing, whilst having DI- higher than DI+, meaning that a bearish trend is forming. In addition, SuperTrend's descending supertrend is beginning to fall. Considering the last few Heikin-Ashi candlesticks have been red, I think it looks bearish.
BTC Retracement to the Tenkan LineCOINBASE:BTCUSD should be pulling back to the Tenkan line as it's been off the Tenkan for a few days now. I had originally thought that pull-back would have already occurred but it appears we are going to head to the bottom of the Kumo Cloud (around $12k) before we get this push back. I do not see us breaking through the Kumo Cloud without retracing back to the Tenkan Line. After we get back to the Tenkan I believe we will make a run up into the Kumo Cloud and test the $14.5k zone.