WyckoffMode

LTCUSD: Possible 130 to 133 Floor on Current Push Down

WyckoffMode Updated   
KRAKEN:LTCUSD   Litecoin
Hi Everyone! Looks like a chance for a bounce off the White Lower B-Band in the 6-hour if we end up going down that far during the current 6-hour candle. Otherwise, the White Lower B-Band may meet the price action at the Blue Diagonal Trend Line at $130 during the NEXT 6-hour candle.

Happy Trading and Stay Awesome!

David
Comment:
UPDATE:

I mentioned to watch the Blue LSMA in the 2-hour time frame. It needs to get below Level 50 in order for the price action to REMAIN "below" the B-Band Basis (20-MA) in the 2-hour time frame for a SUSTAINED period of time. So, it's POSSIBLE for $135 to hold without falling to the Blue Diagonal Trend Line. We'll see...

2-hour time frame in top right corner:

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.