The Volume Profile is indicating which price areas have been traded actively recently. We can clearly see LTC/USD is at its most favorite position right now, people clearly love trading in this region.
To me, this indicates a lot of friction here in this important area with the bulls fighting the bears. It can go either way for me, but I do expect that once LTC makes a decision the volatility can increase in a short period of time.
Furthermore, the RSI here is near a perfect 50. The momentum is completely resetting at the moment, indicating that the prices are preparing to move to new levels.
I kept this as a neutral recommendation for now. I suggest you set some price alerts here and trade the direction of the breakout after this squeeze gets resolved.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
To me, this indicates a lot of friction here in this important area with the bulls fighting the bears. It can go either way for me, but I do expect that once LTC makes a decision the volatility can increase in a short period of time.
Furthermore, the RSI here is near a perfect 50. The momentum is completely resetting at the moment, indicating that the prices are preparing to move to new levels.
I kept this as a neutral recommendation for now. I suggest you set some price alerts here and trade the direction of the breakout after this squeeze gets resolved.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Comment:
Boom! And there you have it! Just three hours after my idea it showed the volatility indeed came.
Comment:
Here's a chart with the recent move. We can see the direction is bearish. The first move was incredibly strong, we need to keep an eye out now on whether we can enter for the reversal, or if it breaks further we need to put a short order on this one
Here's a chart with the recent move. We can see the direction is bearish. The first move was incredibly strong, we need to keep an eye out now on whether we can enter for the reversal, or if it breaks further we need to put a short order on this one
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(bắt đầu từ tháng 2 - 2023)
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(bắt đầu từ tháng 2 - 2023)