Last cycle bottom was marked by a 50sma 100sma cross.
This time possibly a 50sma crossing the 100sma and then the 150sma to mark bottom, which has recently occurred.
Confluence in the horizontal support area with a rising non horizontal support trend line.
Do your own DD
Come to your own conclusions.
Hitting a Macro Support. I drew many areas of interest out on the chart for places to look for the price to turn and move about.
Pretty Straight forward. We are coming off a major support while the rsi is forming an uptrend.
I dont know much about the fundamentals of this token, this is more for the TA specifically.
Absolutely Not Financial...
RSI on the daily is in the NINETIES.
Provided a lot of areas of interest bases on fib extensions that line up with support and resistance zones.
This is a potential Short Trade Set-up. Followed by a monster long set-up. A nice 2'fer.
This is not financial Advice.
This looks to be bearish structure. Wanted to check against the community to ask for other opinions. Trend lines are valid.
Little more pump before the DXY drops off into the Low 80s?
Rsi indicated another pump to the top of the wedge, but I could see it falling through after that.
Not financial Advice. I am a hobbyist.
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They have been on a downward spiral with poor decisions around the products they offer now and players are getting sick of it.
On the 30th year anniversary, hasbro, via wizards of the coast, released an exclusive high end...
I am curious to see how this situation goes.
It seems like LTC needs to cool off on some of the lower time frames.
But here on the 4 hour, the stoch rsi is low and turned upward, and the price action is respecting the minimum .236 Fibonacci level.
The general trend is up, so my bias is another pump.
Only time will tell.
I sense a big cup and handle forming so I'd like to point it out early. The depth of the cup would put the price action at the 2.618 extension.
This would also align with and be a third touch in a rising non horizontal resistance.
I see a lot of similarities with the 2017 top and the breakdown that followed.
SMA 50 crossed the SMA 100 at almost an identical...
Blue horizontal line is my next target for LTC to grow against btc.
Looks like we are getting a retest over resistance now with a possible continuation impulse.
Not financial advice. Do your own DD.