TradingView
spaznull
14. Febr. 2018 23:39

LTC trend change 

Litecoin / DollarBitfinex

Beschreibung

In my previous post with LTC
. I had shown a long down trend that was ongoing from the mid December 2017 run up. This previous path had broken out of it's channel (Shown in the yellow dotted lines, red dotted line being it's center). First on Feb 9 as a bull trap. Then again fully above on Feb 12. Using an inverted pitchfork, it seems to have created a new upward channel (Yellow solid lines). This is purely to show the general trend of LTC. Not to give any specific price predictions, you can see the RSI, MacD and Bollinger bands all point to over bought. I expect a little settling down while keeping within this channel.

Kommentar

It looks like we had another Boop off the upper 1.5 line on the inside pitchfork. A little sloppy, I know. I would say this needs one more Boop on the support before this channel is actually confirmed. The RSI is currently back to it's median line.
Kommentare
spaznull
I said "inverted pitchfork". I meant to say inside pitchfork. I had the idea of inverted H&S stuck in my head. Oblivious me.
Mehr