This has acted as resistance since the 2017 bull run. Now LTC is trying on the daily to break out again.
Webjet looks promising. Increased focus on opening up borders, reduced covid rates, people gearing up for summer all speaks to more travel. Double bottom on the weekly suggests price has bottomed out. Macd has turned positive and RSI is rising.
Has dropped over the last few weeks. Sitting on support but RSI looks week and MACD is downward trend. Could be headed to $0.25
Weekly is showing weakness with rsi facing resistance and stochastic over-bought. Inverse head and shoulders forming as price moves to $7300 mark and prepares to for reverse towards the end of July given June and July are typically not good months for BTC.
$BTCUSD shorts bounced off support but now looking weak...time for BTC long..?
BTC shorts on the weekly are sitting on support. The last time they broke below this trend line was when we had the Nov 2017 parabolic rise to ath. If this breaks down again then we're likely to see BTC rise again. RSI is falling and stochastic yet to reach oversold for this timeframe.
Sentiment is moving to be positive, volumes are up, more fiat is moving into stable coins, and mainstream media are now talking about crypto again. Bitcoin is forming a penant that suggests it's going upward again from here towards the 6k mark. Lots of suggestions we need another pull back but these candles suggest more positive upward momentum.
Big wedge on the daily for $ETH and $BTC that is pushing to break-out. $ETH sitting on support from previous Q3 2017 resistance levels. Stochastic showing over-bought and RSI feel short of previous resistance at 62-63 suggesting a pull back is required before another attempt to break out.