It is likely that most altcoins will accomplish a 3-bar bull reversal pattern known spil a morning starlet right at key support levels te the weekly chart.
LTC, Lumens and EOS/USD will lead the charge and offerande wonderful buy opportunities next week.
My advice is for buyers to wait for meaningful entries next week and not to buy at peaks at current prices.
Let’s have a look at thesis charts:
XLMUSD Daily Chart for February 17, 2018
Ter the coming sessions, trading Lumens is pretty much straight forward.
Spil wij can see from the chart, prices are trending higher and with stochastics signals widening, it is likely that prices will proceed rally-as it is doing at the ogenblik, meaning every pull back ter lower time frames is another clear buying chance.
Let’s not leave behind that wij are trading from a top-down treatment. If this week’s end up bullish, then there will be a sweet confirmation of a 3-bar reversal bull pattern-the Morning Strak te the weekly chart.
Therefore, this means any lows that prints te lower time frames is another chance to buy on dips with bull targets at $0.70.
IOTUSD Daily Chart for February 17, 2018
Today’s candlestick looks like a sold block with no lower and upper wick-a marubozo-and this is no rocket science, it means buyers are strongly te charge.
Reminisce, upon checking yesterday’s candlestick wij note that prices did slow down ending up bearish.
But spil vanaf our trading strategy, our recommendation is to buy on every pull back-especially to the middle BB. If wij zoom to the 4HR chart, wij note that prices bounced off from that line.
Te this case, any higher highs is remains significant from IOTA bull perspective and today wij wait and see how prices react at $Two.Two, the mid range of this solid resistance zone.
EOSUSD Daily Chart for February 17, 2018
The reaction before today’s breach of the all significant middle BB at around $Ten has bot nothing brief of astounding.
Notice that before today’s bull caf, prices did stall along $9.5-our main resistance line now support with limitation on the upside by the 20 period Moeder.
Besides this bullish development ter the main chart, the stochastics proceed to hint of bullish pressure continuation.
With every diverging %k and %d, $9.Five should be a spring houtvezelplaat and a loading zone for buyers more so if there is a pull back.
LTCUSD Daily Chart for February 17, 2018
Now, this week’s LTC will end up bullish not just from a technical point of view but also from supportive fundamentals-LitePay and others.
Technically, wij remain bullish and trade according to a bull pauze out strategy. Despite prices being on a roller coaster and railing along the kinks of the upper BB-note the banding, somehow, there vereiste be a retrace back to the middle BB or even lower to $180 ter the coming sessions.
That’s what wij expect of such strong pauze outs-it happens all the time. Spil such, it won’t be a good idea to go long at the ogenblik.
After all, the stagnation ter the 4HR hints of bearish pressure and that’s why buyers should stay on the side lines until next week.
NEOUSD Daily Chart for February 17, 2018
This is exactly what wij want to see and now that prices are now above $130, position traders should refine their entries and buy with every stochastic buy signal te the 4HR chart.
At the uur, wij shall treat the middle BB and $130 spil potential support with ideal loading positions at around $120.