2019-8-8 17:02 |
Lambda has a bearish short-term bias, with price still trading below key technical resistance on the four-hour time frame The four-hour time frame shows that a large inverted head and shoulders pattern is building The daily time frame highlights that the cryptocurrency is attempting to build strength above its 50-day moving average Lambda / USD Short-term price analysis
Lambda has a bearish short-term bias, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a large inverted head and shoulders pattern has formed, which would more than double the value of the LAMB / USD pair.
Technical indicators are bullish on the four-hour time frame and continue to issue strong buy signals.
LAMB / USD H4 Chart by TradingView
Pattern Watch
Traders should expect a test of key neckline resistance if price starts to stabilize above the LAMB / USD pair’s 200-period moving average.
Relative Strength Index
The Relative Strength Index on the four-hour time frame is bullish and shows scope for significant upside.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to generate a strong buy signal.
Lambda / USD Medium-term price analysisLambda has a neutral medium-term bias, with the LAMB/BTC pair attempting to gain strength above its 50-day moving average.
The daily time frame is showing that an inverted head and shoulders pattern is starting to take formation, which implies more medium-term upside for the LAMB / USD pair.
Technical indicators on the daily time are neutral and are currently failing to generate a clear trading signal.
LAMB / USD Daily Chart by TradingView
Pattern Watch
Traders should expect a test towards the neckline of the bullish pattern if the cryptocurrency continues to firm above its key 50-day moving average.
Relative Strength Index
The RSI indicator is flatlined on the daily time frame and is failing to issue a clear trading signal.
MACD Indicator
The MACD indicator is neutral on the daily time frame and is currently failing to generate a clear trading signal.
ConclusionLambda may see more strong gains ahead as both the four-hour and daily time frames are showing the formation of large bullish patterns.
Overall, further price stabilization above the LAMB / USD 50-day moving average is likely to trigger a test of key neckline resistance.
Lambda ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=LAMB&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-42700 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-42700 #ccc-chart-block .exportBtnTop, #ccpw-ticker-42700 a.tabperiods.tabperiods_active, #ccpw-ticker-42700 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-42700 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-42700 .coin-container:after, .ccpw-container_four #ccpw-ticker-42700 .coin-container:after {border-color:#ccc !Important;}
The post Lambda Price Analysis LAMB / USD: Going Strong appeared first on Crypto Briefing.
Similar to Notcoin - Blum - Airdrops In 2024
Lambda (LAMB) на Currencies.ru
|
