nagihatoum

LTC RSI breadown from falling wedge sits on support

Long
BITFINEX:LTCUSD   Litecoin
I have drawn all possible short term moves. A retest of the RSI wedge is possible which corresponds to price rising to the top of the channel in the price action forming a bearish divergence with previous high and falling back down again. Otherwise price will fall to the target of the rising channel break out at $51, and i believe this a minimum. It would be more bullish if price falls below current lows and form a bullish divergence on the RSI and bounce up.

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