Hello dear traders.
my idea in ltc is that we are constantly making new lower lowes and we are under 50 ema so that means downtrend and i saw 2 double top in 1 hour chart so that means market will go short to.
red lane is support and green lane is resistance and both is based on 1hour chart and you can use them max in 1 day and after that they are useless but i...
Hello dear traders
my idea is that we had a double top and a little breakdown after that but i think the real breakout will happen in few days.
after that double top i saw a shooting star in uptrend so that means short may happens and pay attrition to volume and rsi we have higher rsi but lower volume that means divergence market is in uptrend now so divergence...
Hello dear Traders i have been busy and I didn't published any idea so sorry about that.
Lets talk about my idea i think we have 2 possible scenarios:
1- first we will have a divergence because of higher highs but in RSI we have lower lows (+ 2 shooting star with confirmation)
2- we are making a measured move pattern we just need a little volume to more...
Hello dear traders as we know we had a decrease on the volume and we are in under 50 ema so that means a downtrend (+making lower lows)
if we break the resistance (green lane) possible target is upper black horizontal lane.
if we break the support (red lane) possible target is down black horizontal lane.
Hello dear traders our resistance is green lane and our support is red lane and the black ones is our targets for shorts or longs.
we had a nice volume in daily chart so we can hopefully say bulls are going take control.