Update at LTC USDT (Bull Flag Formation)
After the bull flag there is a reversal trend. We already overcame the next fibonacci level and bounced at it (around the $169 area) giving the first indication that the orange fibonacci level became an important resistance zone .
The RSI is high but yet not oversold and the horizontal black lines show a heavy resistance level where I expect a bounce. At that level I expect the RSI to be oversold so I am setting up my automatic sell at the first orange circle, at $188. After reaching the resistance zone I expect a bounce down and a formation of a bull flag , therefore buying again at the green circle.
There is a bull flag formation in the 4H chart. We are close to reaching our first sell target at the resistance level at the $188-190 range. Looking for a healthy bounce down after reaching those targets.
The RSI is high but yet not oversold and the horizontal black lines show a heavy resistance level where I expect a bounce. At that level I expect the RSI to be oversold so I am setting up my automatic sell at the first orange circle, at $188. After reaching the resistance zone I expect a bounce down and a formation of a bull flag , therefore buying again at the green circle.
There is a bull flag formation in the 4H chart. We are close to reaching our first sell target at the resistance level at the $188-190 range. Looking for a healthy bounce down after reaching those targets.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.