TF-Trader141
On the daily, we broke through the 200MA. Looking to close above it (full candle) and possibly wick down as support. Next stop is 21MA (D) at around 1.1073. We just now have a MACD crossing of positive momentum. Below is link to 4HR timeframe
On the 4HR we manage to find suppport on the 21 and the 50 MA respectively. However, RSI shows we topped out around d 65 over a large time frame. We are in a falling channel. If the 21MA crosses the 50MA we see more upside and use it as support. On the daily we are currently trying to break and stay above the 200MA which was just recently formed.
LTC found support at 45.15 multiple times and has been making higher lows for the past few days. Next buy in target could be 47.99. Upside target around 53.65 (measure move target) *This is NOT financial, legal, or investment advice. I am not a license broker. This is an idea for educational purposes only.*
LTC playing a dangerous game. Very bearish because of the constant 4HR touches around $45 with lower highs forming.
First resistance will be bottom of the horizontal channel then purple line. We've wicked and closed above the purple support line. We will see once ocsilators reset if we hold support. We have seen 3-4 different patterns in the horizontal channel that were simultaneously trying to play out. In horizontal channel (continuation) -Ascending triangle...
Major support uprising trend line (purple uptrend line) almost oversold on Daily RSI. If we break this support, then we will crash to $1. Comment below ideas of this uptrend line.
Trading in parallel channel on the daily. Comment thoughts for all my Kyber people out there. As you know, we broke support for our ascending triangle which was beautiful. Now we are at the bottom of the parallel channel . With 4Hr RSI oversold and Daily approaching oversold.