"Top and Bottom Analysis" LITECOIN LTC/USD by ThinkingAnts
4H CHART EXPLANATION:
As we explained on the previous charts, we are looking for short opportunities. In 4H timeframe, we can see:
- Bearish MACD Divergence
- Actually doing a Bearish Flag Pattern bouncing on the Resistance Zone
- If the structure is broken, the down movement will be confirmed below 75.100, so, we will be looking for Short Setups towards 61.000 Support Zone, being careful of the Ascending Trendline
Updates Coming Soon!
MULTI TIMEFRAME VISION:
-Weekly
-Daily
As we explained on the previous charts, we are looking for short opportunities. In 4H timeframe, we can see:
- Bearish MACD Divergence
- Actually doing a Bearish Flag Pattern bouncing on the Resistance Zone
- If the structure is broken, the down movement will be confirmed below 75.100, so, we will be looking for Short Setups towards 61.000 Support Zone, being careful of the Ascending Trendline
Updates Coming Soon!
MULTI TIMEFRAME VISION:
-Weekly
-Daily
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