LTCBTC - Looks due on 4h

What appears to be a falling wedge, and an extended period of time oversold on the Stochastic RSI makes me strongly consider going towards LTCBTC on the 4h chart. The same isn't entirely true for the daily chart here, but this isn't a longer play anyway.

DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.

Kommentera:

Price broken down from the lines, but part of the reason I thought this would be good is because the very close by 50 day sma. Price is right on that now, hoping to see a bounce.

Kommentera:

It took a bit, but finally the narrowing price action broke out upward. I'm going to consider this idea done.