LitecoinPanjang
LTCUSD falling wedge divergence ready to break up
Hello everyone
LTCUSD pretty clear falling wedge.
We have a divergence on the RSI 14 and a Kick-off signal suddenly after.
The green support line represents, along with the blue and orange support (0,618 and 0,65 FIB lvl), a strong area of support that we are still testing.
will the price move lower for a last swing? forming another divergence and confirming the correction?
stochRSI and MACD suggest it is possible, if not likely to happen.
Currently I only have the orange box as a possible area to Take Profits (10-24%)
let me know what You think on this.
This analysis lines up with a lot of other cryptos' current set-ups, showing Divergences and falling wedges.
on Longer term price might move lower, but for now I am expecting a break up first.
Comment and give me feedbacks
LTCUSD pretty clear falling wedge.
We have a divergence on the RSI 14 and a Kick-off signal suddenly after.
The green support line represents, along with the blue and orange support (0,618 and 0,65 FIB lvl), a strong area of support that we are still testing.
will the price move lower for a last swing? forming another divergence and confirming the correction?
stochRSI and MACD suggest it is possible, if not likely to happen.
Currently I only have the orange box as a possible area to Take Profits (10-24%)
let me know what You think on this.
This analysis lines up with a lot of other cryptos' current set-ups, showing Divergences and falling wedges.
on Longer term price might move lower, but for now I am expecting a break up first.
Comment and give me feedbacks
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