RiskCity

RiskCity Updated 

Basic concept: resistance -> support. There is even a lower support level, but will not draw it at this moment. Couple of days ago we had a nice move, resulting in over 200% gains, when RSI broke out of previous resistance. The question now is: can it find support in the same area it broke out? Will the trampoline be enough?

RiskCity

Red line: resistance -> support -> resistance from the of highs 5 days ago. Teal line: support -> resistance from the breakout 3 days ago. Basically RSI has to break and hold above the barrier marked with yellow colour for price to reach new highs. Previous candle closed inside the marked range. Any close below 274sats would indicate the probability of lower prices.

RiskCity

On the RSI you can see the wedge we are currently inside of. We've had two nice bounces off of the lower ascending trendline so far. As for now we are trying to stay above it as well. IF the upper descending trendline gets broken, expect a big move to the upside!

RiskCity

Intraday looks bullish so far, IF LTC can break the red line and STAY above it. It tried to do so a few days ago and yesterday, but failed(marked with red circles).

RiskCity

This is a follow-up for the LTC daily chart I published earlier. Marked with yellow are is the point at which we are now on the daily timeframe. At the beginning of May RSI accelerated with a breakout from the descending trendline (blue & marked with green arrow). A week later RSI broke down at the same place, with the price around $30. Tried to move above with a...

RiskCity

Faster (14 period RSI) analysis: RSI finds it's way back to the breakout from the end of March. Since then it has come close to the line on only one occasion, in the end weeks of April. it did not perfectly touch the line, but I still see it as a valid reason to mark it on the chart. As of right now it is back at the green line and does it's best to hold above it....

RiskCity Updated 

bullishly biased, waiting for RSI to breach the teal line from the breka of most recent highs wedge pattern forming on RSI and on the price itself. also a 4H close of 117 or higher would indicate momentum

RiskCity Updated 

if you look at the chart i have pointed out several occasions where RSI hit the upper downwrad trending line(violet) and has made a slight pullback every time it has been hit also, the teal line could represent trouble, when you observe the period in the first yellow box, RSI broke above the teal line -> then found suppor from the teal line -> followed by...

RiskCity

the second time RSI comes to test the break line from the highs around 1870 seems to be holding so far. when this breaks, expect momentum to the upside published this as a private idea, reuploading

RiskCity

wanted to get this out over an hour ago, but i was on mobile device and couldn't upload it - is it even possible? anyways, look to buy from the green line, indicating the previous breakout with a significant move to the upside. be cautious when RSI is stalling around the green line area or falls below it!

RiskCity

look to sell when the RSI touches/crosses above&below the teal line look to buy when the RSI crosses above/bounces up from the teal line

RiskCity

teal line, from the break of March highs, has acted as resistance in the middle of April. RSI recently (in the end of April) successfully broke through the line and had a nice run to the upside. now, in the middle of May it is coming back to test the same line, will it act as a support or will it fall right throught it? teal line also represents the last place...

RiskCity

if this happens to be the case, the next place it can stall is around the green RSI line

RiskCity

possibly will fall below 1600

RiskCity

buy opportunity

RiskCity

its more likely to come and test the support than break of last highs. short to mid term trade

RiskCity

short to mid term bullishness

RiskCity

broke the resistance line from the last highs -> now testing to see if it holds as support