- Currently it's testing the important trendline for a recent bullish trend. Broke that trendline would be a bad sign for bullish trend. Conversely, good probability for bounce up to retest 0.0185 satoshi resistance if the price action manage to get above it again with consecutive closes candlestick.
- There's 3 recent trend line is been lay from 2018 march until 2019. i expect these 3 line would act as a support or resistance in short distance future ( 5-6 month until it the price action already move far away from these trendlines)
- Currently the Indicator looks bearish AF - pardon my french -,
- Remember "buy the rumor and sell the news" ? 41 days remaining to LTC halvening event at the time i write this post.
i expect the bull would not give up so easy before the halvening event to pump up the price before dump the price near halvening date (see the vertical line).
- Orange line is a golden ratio fibonacci line that can act as an important support/ resistance. more closer with short term fibonacci indicate a strong resistance or support
Indicators on 1 day:
- RSI : rsi is already been broken it's recent up trend line and it's still continue it's down fall toward bearish area (below 40) for now.
- MACD : macd line is trying to enter bearish area (below 0) i expect a resistance around that area. histogram seller is very bearish for now and still expanding.
- DMI : -DI crossover +DI which is very bearish for now. ADX is around 25. Calm before the storm.
_Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace._
- There's 3 recent trend line is been lay from 2018 march until 2019. i expect these 3 line would act as a support or resistance in short distance future ( 5-6 month until it the price action already move far away from these trendlines)
- Currently the Indicator looks bearish AF - pardon my french -,
- Remember "buy the rumor and sell the news" ? 41 days remaining to LTC halvening event at the time i write this post.
i expect the bull would not give up so easy before the halvening event to pump up the price before dump the price near halvening date (see the vertical line).
- Orange line is a golden ratio fibonacci line that can act as an important support/ resistance. more closer with short term fibonacci indicate a strong resistance or support
Indicators on 1 day:
- RSI : rsi is already been broken it's recent up trend line and it's still continue it's down fall toward bearish area (below 40) for now.
- MACD : macd line is trying to enter bearish area (below 0) i expect a resistance around that area. histogram seller is very bearish for now and still expanding.
- DMI : -DI crossover +DI which is very bearish for now. ADX is around 25. Calm before the storm.
_Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace._