spaznull

spaznull Updated 

In my previous post with LTC HERE . 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...

spaznull

Here's a little history I pulled up online trying to find the reason being this massive spike in value.

spaznull

Attempts have been made a few times to break from the resistance within the red range (yellow arrows). The blue line is a possible established trend line from the January reaction. If you want to consider it that. The current candles appear to be influenced by this blue line. If this is the case. It could push itself into the green area out of the exhausted trend....

spaznull

Here is a step back view of the last month in downtrends. Now in log view! Just for the people who truly love trendy angled lines all over the chart. A long green upward trend support may act as either a candle bounce off point for a sideways movement for the next few days. Giving Sub a chance to break from the current downward movement. Seemingly around the...

spaznull Updated 

A step back look from mid Dec 2017 to Feb 2018. Not seeing any really obvious reversals in this bearish trend.