Korastiz

LTCBTC Bearish Divergence

Kort
BITMEX:LTCH19   None
LTC is showing pretty textbook bearish divergence on the 1 hour and SHOULD dump soon (or else I will question divergences as a reliable indicator). Both RSI and AO are showing the divergence, making me more confident that it will happen. Typically in the past, I have aimed for the low value where the bearish divergence began as a target for the correction, which is around 0.01330. Another possibility if it overshoots this value is about 0.01330 which was a previous resistance that could be turned support. Finally, this could be the end of LTC's run up, and if both of those are passed then we may go considerably lower, I just wanted to put those both as possible bounce spots. Very clear divergence though, and I'm fairly confident that this will play out.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.