It’s not the bottom. Just another bearish triangle.
Ichimoku showing bearish trend.
Broken support that now acts as a resistance.
RSI oversold, so it has to “reset” by pumping a bit. As I can see, when it’s oversold, it pumps a bit, dumps deeper, and so on to keep resetting the RSI.
Ichimoku showing bearish trend.
Broken support that now acts as a resistance.
RSI oversold, so it has to “reset” by pumping a bit. As I can see, when it’s oversold, it pumps a bit, dumps deeper, and so on to keep resetting the RSI.
Comment:
New update according to the new price level.
Trade carefully:).
Trade carefully:).
Comment:
I want to update the info because it resulted in a bearish flag more than in a bearish triangle. I don’t see LTC going any further since Stochastics is at the maximum level and it has to go down again.
Comment:
LTC is unable to get through the blue resistance. But if it does, it means it’s a clear trap and some people will lose their money.
I wouldn’t trade with this scenario, but as I always say, trade at your own risk and do what you consider to be right. :)
I wouldn’t trade with this scenario, but as I always say, trade at your own risk and do what you consider to be right. :)
Sorry for this mistake.