Litecoin On A Trend Break Down Point
Updated
1.Yellow Lines - Trend lines going up / Waiting to see if it breaks down from this trend line
2.Whitle Lines - Trend going down / Traded twice between these down trend lines.
3.Red Lines - Support Lines
Don't know what will be happening from this point on.MACD gave one false indication and waiting for another one at this point.I think Im just going to wait and see if it finds support around 200 and RSI around 30 or below.Hopefully by then MACD wont give me another false indication.
Or it could go up.If second candle or 3rd candle is bullish over 209 would consider buying and shorting it.
https://www.tradingview.com/chart/D97UWEvL/
2.Whitle Lines - Trend going down / Traded twice between these down trend lines.
3.Red Lines - Support Lines
Don't know what will be happening from this point on.MACD gave one false indication and waiting for another one at this point.I think Im just going to wait and see if it finds support around 200 and RSI around 30 or below.Hopefully by then MACD wont give me another false indication.
Or it could go up.If second candle or 3rd candle is bullish over 209 would consider buying and shorting it.
https://www.tradingview.com/chart/D97UWEvL/
Note
My limit buy order got picked at 209.10 and my limit sale at 215.50.
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.