Hi friends,
First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term.
So let's take a look at what I've got here.
You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back under the 200dma. We're also under 58 on RSI, an important number as is 54, which we're currently just under and flirting with.
My suspicion is that little Litecoin just wants to kiss daddy 50 and mommy 200 one last time before a final send off into next year.
Be ready for that final discount window to open buyers.
Peace and happy trades.
First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term.
So let's take a look at what I've got here.
You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back under the 200dma. We're also under 58 on RSI, an important number as is 54, which we're currently just under and flirting with.
My suspicion is that little Litecoin just wants to kiss daddy 50 and mommy 200 one last time before a final send off into next year.
Be ready for that final discount window to open buyers.
Peace and happy trades.
Ghi chú
If I'm interpreting these charts correctly, this would be your new buy zone.
Ghi chú
Maybe another day or two or sideways to upward candle ticks before we drop down into our buy zone. But careful. You wouldn't be wrong to buy a little here as well. BTC is currently sitting on the precarious edge of a very important ascending wedge. BTC will be our leader on this move. Watch my other post for more on BTC's movement. If BTC stays within this wedge, we'll go higher before we go down. If it drops out, LTC will follow and should drop into our next "Buy Zone" rather quickly.
Ghi chú
In the "Buy Zone" now. You should start your buys here. I am not sure how much lower this thing will go. Nor am I sure how long it will hang out in the "Buy Zone".
Ghi chú
Here's a good TL to follow on the 4 hour. Once this breaks to the upside, it's all over. Bullish trend for the rest of the summer!
Good luck traders!
Ghi chú
This is it! Smack dab in the middle of my "Buy Zone". No better time than now! Buy. Buy. Buy. Buy.
Đóng lệnh: đạt mục tiêu
Buy target has been reached perfectly! Congratulations on y'alls patience! Now time to make some money on those LONGS!New post coming soon!
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.