- Although an obvious pattern of Cup and Handle in larger part but price action has been downtrend by uprising of btc price make me rethink of this pattern come to fruition by the looking of indicator looks like.
- Symmetrical Triangle pattern is more visible in short term and made sense as the outcome is undecided. invalidated once the price action decided to sideways for a long time.
- If "Buy the rumor/hype, sell on the news" still a things. LTC/BTC only have a little room to pump the price to made a new high but we will see how the price react while approach halving date ( see the vertical line).
- My "undecided" opinion will be invalidated once the price action made a higher high above 0.019 satoshi regardless before and after the halving date.
- If the price action break below the up trendline (yellow line) would be devastating for bullish trend of this coin. Conversely, break above the downtrend line also a bullish sign for this coin.
Indicators :
- DMI : -DI and +DI is beginning to intersect, made a high probability for trend shifting is will occur. ADX (momentum strenght) is still relatively strong above 25 to support which ever trend that dominate in short future.
- MACD : although macd line is on a bullish area. it is beginning to pointing downward for now and the seller histogram is still building up.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
- Symmetrical Triangle pattern is more visible in short term and made sense as the outcome is undecided. invalidated once the price action decided to sideways for a long time.
- If "Buy the rumor/hype, sell on the news" still a things. LTC/BTC only have a little room to pump the price to made a new high but we will see how the price react while approach halving date ( see the vertical line).
- My "undecided" opinion will be invalidated once the price action made a higher high above 0.019 satoshi regardless before and after the halving date.
- If the price action break below the up trendline (yellow line) would be devastating for bullish trend of this coin. Conversely, break above the downtrend line also a bullish sign for this coin.
Indicators :
- DMI : -DI and +DI is beginning to intersect, made a high probability for trend shifting is will occur. ADX (momentum strenght) is still relatively strong above 25 to support which ever trend that dominate in short future.
- MACD : although macd line is on a bullish area. it is beginning to pointing downward for now and the seller histogram is still building up.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.