onalethatakolenyane

onalethatakolenyane Updated 

THIS IS WHAT I SEE AND MY INTERPRETATION A RED HORIZONTAL LINE/AREA THAT ACT AS A SUPPORT, TO ME THIS IS THE AREA THAT THE BULLS ARE DEFENDING IF IS BROKEN MORE SELLING WILL BE DONE GREEN DOWN TRENDING LEVEL OF RESISTANCE , THE FACT THAT IS CONVERGING TO A SUPPORT RED LINE IT INDICATING THE STRENGTH OF A BEARISH MOMENTUM IF IS BROKEN WE ARE LIKELY TO FIND...

onalethatakolenyane

some time is best that you zoom out and observe the price action from a distance. I am tracking the price action of LTC Comparing the risk vs the rewards,the risk is too less so i am not afraid of the downside i come from far therefore i can not give-up now

onalethatakolenyane

There is a lot of risk in trading this small cap coins as the can be easily manipulated or die. To me this small candle might mean the selling is done so bears are failing to take the price further to the down side or it can mean an indecision at this point if the base is broken there is a possibility for the price to go down another 20% or more if this happen...

onalethatakolenyane

The red line on the chart is probable 50% retracement from the beginning of wave 1 of that yellow line if the bulls do not show-up the bears will drive the price down and eventually the red line that is temporally acting as a support will break-down