Abulkury

Bearish crossover on daily chart

Short
KRAKEN:LTCEUR   Litecoin / Euro
To confirm my idea three days ago, I said (almost crossover) on the MACD chart. Today, the crossover happened, which is a bearish signal (MACD under Signal). I still think we are moving towards the support of the uptrend channel, with shorter uptrends and downtrends.

Another thing to watch is the ascending triangle more visible in the 4 hr chart.

My updated target is at 107 EURO

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