BTC and LTC are being driven down by EMA 12 hourly resistance, and we will have to see a higher low and higher high for the bulls to have any hope of shifting momentum and forming a lower wick on the daily candle.
Daily chart has pulled back more than 50% from the high of the bounce, same as BTC.
We are back to the game of looking for a trend change on the hourly... then looking for the same thing on the 4 hour.
The more we consolidate, the greater the odds we see a daily EQ rather than the potential for continuation right away (with the daily bounce).
Daily chart has pulled back more than 50% from the high of the bounce, same as BTC.
We are back to the game of looking for a trend change on the hourly... then looking for the same thing on the 4 hour.
The more we consolidate, the greater the odds we see a daily EQ rather than the potential for continuation right away (with the daily bounce).
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.