-Lots of Hidden Bearish Divergence is showing up on the 4 hour chart, despite the recent, bullish 'W' pattern.
-Price is at a resistance zone, as well.
-These are significant barriers to upward movement, but the more price makes a run at the resistance zone, the more likely that zone will fail and become support.
-If BTCUSD or ETHUSD sell off, this could affect LTC/USD, so keep an eye on the big boys.
-Let's see what happens next!
Good luck, and have fun.
Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
-Price is at a resistance zone, as well.
-These are significant barriers to upward movement, but the more price makes a run at the resistance zone, the more likely that zone will fail and become support.
-If BTCUSD or ETHUSD sell off, this could affect LTC/USD, so keep an eye on the big boys.
-Let's see what happens next!
Good luck, and have fun.
Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
Comment:
I got this so wrong. I should have put the giant W together with the Bullish Exaggerated Divergence and made a long call. (This is why I don't really trade yet.)