Hi all, as promised this is the zoomed in 4H chart of the previous post I made on the daily chart. You can see clearly that LTC has broken the red diagonal support, so it looks like it'll continue on to the green major support line before I think it will bounce and continue upward. It is possible it may retest and confirm the red diagonal as resistance like was seen on the previous red diagonal I have marked. If it does, I still believe it'll continue downward. I don't necessarily think it'll be a straight plummet the rest of the way, but it is possible with the sell off we have seen the past day. Personally I believe in crypto as a whole and I don't believe it'll break the lower green trend line support. As I mentioned in the previous daily chart, I am personally shorting down to the support line and have a buy order placed. If it breaks the green support I'll start shorting again because I think we will at least see a double bottom of the previous low if that happens.
If you like this idea or have any comments feel free to mash the button or chime in. This is just a hobby for me more or less instead of going to the casino. Trade at your own risk and make your own conclusions. I am simply sharing my personal trading strategy. If you disagree feel free to post as well, I enjoy constructive criticism.
Thanks for checking it out.
If you like this idea or have any comments feel free to mash the button or chime in. This is just a hobby for me more or less instead of going to the casino. Trade at your own risk and make your own conclusions. I am simply sharing my personal trading strategy. If you disagree feel free to post as well, I enjoy constructive criticism.
Thanks for checking it out.
