The best buy signal will be when we break the downward green Resistance. That's where we get interested for long term as the weekly is starting to show a turnaround to the upside but still very early and not green yet.
We cracked the red upward support and now have bounced into an area where Resistance sits from old support.
Has wiggle room to go around 54$ but it would have to move along the Resistance to get there.
If all S&R holds it might be possible to see a drop to the $23-$25 previous low level.
If you pull up ltcbtc you will notice that we have a potential double bottom but currently formed under Resistance.
I say place buy limit in mid 20s in case of a drop. See if we can build some accumulation
Will update on the weekly close as btc pair approaches this double bottom on btc pair
Not aggressive on this one just yet.
Let it breathe.
Have an awesome day!
We cracked the red upward support and now have bounced into an area where Resistance sits from old support.
Has wiggle room to go around 54$ but it would have to move along the Resistance to get there.
If all S&R holds it might be possible to see a drop to the $23-$25 previous low level.
If you pull up ltcbtc you will notice that we have a potential double bottom but currently formed under Resistance.
I say place buy limit in mid 20s in case of a drop. See if we can build some accumulation
Will update on the weekly close as btc pair approaches this double bottom on btc pair
Not aggressive on this one just yet.
Let it breathe.
Have an awesome day!