Crypto Market Update - 20 April 2018 [Higher Low Confirmations, Breaking Out of Ichimoku Cloud]
Here are todays' quick Crypto Market Update.
BTC - 12 Hour Chart
Tools used: Fib Extension, Ichimoku Cloud, RSI and Trendlines
Here is a rough target for BTC breakout. As you can see that the previous resistance is align with the 0.618 fib level. So far BTC has made a higher low which confirm that the current trend is bullish and successfully breakout from ichimoku cloud.
ETH - 12 Hour Chart
Tools used: Fib Extension, Ichimoku Cloud, RSI and Trendlines
Since ETH breakout of ichimoku cloud, I adjust a few things here. Currently ETH is retesting previous high which coincides with key level resistance. If ETH successfully breakout from this resistance, the next target roughly would be around $600.
As I mentioned yesterday the bearish divergence wasn't really clean and clear and it turned out ETH had another rally. As a trader you should think about both scenarios and plan for both.
As I mentioned yesterday the bearish divergence wasn't really clean and clear and it turned out ETH had another rally. As a trader you should think about both scenarios and plan for both.
LTC - 12 Hour Chart
Tools used: Ichimoku Cloud, RSI and Trendlines
A quick update on LTC which is almost out from the ichimoku cloud on the 12 hour chart. At a glance crypto market overall is growing nice and steady so the likelihood of LTC breaking out of this resistance is quite high in my opinion.
Steem - Daily Chart
Tools used: Fib Extension, Ichimoku Cloud, RSI and Trendlines
Currently Steem is still trading inside ichimoku cloud and under resistance. I guess would be people locking profit from the bottom there. However, looking at BTC that is consolidating I think there is high probability that Steem will successfully breakout from ichimoku cloud.
Disclaimer
You know the drill guys. This is just opinion and not a financial advice. Do your own research and decide your own trades. Cheers!
You Learn More From Failure Than From Success. Don't Let It Stop You. Failure Builds Character.
All those year we are taught failure is bad and has to be punished which has run deep in our unconscious mind. Most people are afraid to leave their comfort zone and try something new, try failing at something.
You just planted 0.39 tree(s)!
Thanks to @devytan
We have planted already 6077.89 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 18695.86
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
Thanks
Coins mentioned in post:
Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around
Be advised @devytan
The comment from @greentomorrow is far from being sincere. It has been identified as being copy/pasted comment spam intended to trick their targets into upvoting them. Please, refrain from doing so. They have been reported to @steemcleaners as well as downvoted and we are giving people a heads-up until they are dealt with. Thank you!