Possible correction. Triple bearish divergence on RSI
The chart shows triple bearish divergence on RSI, this is a strong signal for sellers.
The price might go to lower levels to hit RSI support at value 50. After that, if nothing special happen, LTCUSD might create new all time high.
Personally I've closed LTCUSD long trade, however if my assumptions are wrong, I'm ready to get into next leg-up.
Moreover on the daily chart, we can see Three White Soldiers pattern, which indicates further uptrend move after 1-2 days of red candles.
If bulls break the resistance at the last high, we are going much higher.
If that doesn't happen we are going lower.
The price might go to lower levels to hit RSI support at value 50. After that, if nothing special happen, LTCUSD might create new all time high.
Personally I've closed LTCUSD long trade, however if my assumptions are wrong, I'm ready to get into next leg-up.
Moreover on the daily chart, we can see Three White Soldiers pattern, which indicates further uptrend move after 1-2 days of red candles.
If bulls break the resistance at the last high, we are going much higher.
If that doesn't happen we are going lower.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.