LTCUSDT: Detailed analysis;Long and short term analysis (part 2)
Hey mates!
I hope you are here reading the 2nd part of my previous post regarding the analysis of LTCUSDT chart.
Now, I would like to go into the details of the Daily time frame.
Time frame: Daily
The most alerting indicator is RSI! If RSI fails to surpass the 70 level, then we would expect a clear divergence =, and consequently, a fall back of the price. This sounds logical since price would need a retracement for its further upward movement.
Also, other indicators, such as, Momentum, MACD, Money Flow Indicator (MFI) are in EXTREMELY BOUGHT region!
More importantly, Bollinger Bands are unusually far apart which indicates the end of uptrend for now!
I would expect a retracement to somewhere between 105-95 region.
Conclusion: Bearish in short term (retracement)
I hope you are here reading the 2nd part of my previous post regarding the analysis of LTCUSDT chart.
Now, I would like to go into the details of the Daily time frame.
Time frame: Daily
The most alerting indicator is RSI! If RSI fails to surpass the 70 level, then we would expect a clear divergence =, and consequently, a fall back of the price. This sounds logical since price would need a retracement for its further upward movement.
Also, other indicators, such as, Momentum, MACD, Money Flow Indicator (MFI) are in EXTREMELY BOUGHT region!
More importantly, Bollinger Bands are unusually far apart which indicates the end of uptrend for now!
I would expect a retracement to somewhere between 105-95 region.
Conclusion: Bearish in short term (retracement)
Trade fermée: cible de profit atteinte
The price has been corrected as anticipated.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.