Ambassadorj

LTCUSD 4H Scary MACD divergence

Ambassadorj Updated   
COINBASE:LTCUSD   Litecoin
LTCUSD large buy orders @ $72 but bears eating it up and now stuck below 200 EMA, relatively sideways in a descending triangle. Volume relatively low post halving. MACD divergence not always a reliable indicator of trend reversal.... see drop from $120's to $90's. Elevator is full and likely going down and accelerated after upcoming death cross. Good luck. Buy soon at a discount? Keep an eye on the 3 day MACD and RSI as well.
Comment:
Bull fatigue setting in....
Comment:
Please don't show Trader Max this chart!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.