The D1 is close to closing bullish, with higher highs and lows, during it's test of the 50EMA. However, there appears to be a rejection of the 20EMA as a resistance level. On the 4hr, prices are testing 50EMA resistance, pulling the 20 above the 200. On the 1hr, price has broken above the 200, but has lost momentum and begun consolidating, with HL and LH for the...
Late last night (UTC-6) we saw the 20-50-100-200 EMAs begin to cross into bullish territory, starting with the 1 minute timeframe and followed by the 5 minute. On the 15, the 20 EMA has crossed the 50. Keep in mind that the daily timeframe has remained overall bullish in regards to these indicators since November, with a convergence beginning after the peak of...
Been watching this possible wedge forming, now seeing a test of the support level. Using a similar chart setup with BTC showed a break below the support at the start of the last hour. Still early, but BTC also appears to be rejecting the 200 EMA, as well as a 8-13-21-55 EMA reversing into bearish trend signals. Expecting to see LTC follow suit. Possible bearish...
Watching the 15 minute market, drew the upper channel and then transposed down after the dump. If the price were to rebound off the lower trend or shift into the higher channel by 6pm(UTC-6), could i consider this for a basic range trading setup?
