LTC Bullish Divergence
Uppdaterad
Was watching this last night before the breakout (look me up on twitter to see) but several indicators were aligning that made an LTC breakout imminent:
-Bullish Divergence with Lower Lows from Price while seeing Higher Lows from RSI
-Severe Disparity with Tenkan Sen and Kijun Sen (on 4H, not as much on 2H), indicating a correction needed to take place
-Price approached historical support/resistance level, indicating a potential for a bounce
And we got the bounce! Let's see if we can get into the cloud, because if we can, I'd be targeting for LTC to reach the opposite end of that cloud, but first we need to get through the Kijun Sen resistance. Either way, bullish!
-Bullish Divergence with Lower Lows from Price while seeing Higher Lows from RSI
-Severe Disparity with Tenkan Sen and Kijun Sen (on 4H, not as much on 2H), indicating a correction needed to take place
-Price approached historical support/resistance level, indicating a potential for a bounce
And we got the bounce! Let's see if we can get into the cloud, because if we can, I'd be targeting for LTC to reach the opposite end of that cloud, but first we need to get through the Kijun Sen resistance. Either way, bullish!
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Hope you got in while you had the chance! About to break out of the cloud on the 2H after a bullish TK cross shortly after this call took place.
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