We are now consolidation and as I write this, LTC playing role of lead bear at the low of consolidation while BTC and ETH have bounced from the lows a bit.
We are looking for a daily higher low and the bulls best case is a bull flag that would need just a couple days of healthy consolidation.
If we pull back more than $117 we will see best case for bulls turn into an equilibrium pattern.
Consolidation this morning is leading to hourly oversold RSI levels, which the bulls want to see some decent bounces off of to keep confidence in the bulls. 15 min higher lows and higher highs are needed to cool off hourly RSI levels, LTC currently with an hourly RSI of 31.
We are looking for a daily higher low and the bulls best case is a bull flag that would need just a couple days of healthy consolidation.
If we pull back more than $117 we will see best case for bulls turn into an equilibrium pattern.
Consolidation this morning is leading to hourly oversold RSI levels, which the bulls want to see some decent bounces off of to keep confidence in the bulls. 15 min higher lows and higher highs are needed to cool off hourly RSI levels, LTC currently with an hourly RSI of 31.
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.
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.