After dropping to a lower low, bulls bounced back to the original tops and are currently trying to break the lower high pattern.
On the daily chart this is currently seen as a bullish reversal candle off EMA12 support.
Bulls are hoping for a strong close of this candle, but keep in mind we will need a 4H higher low and HH to change the trend back to bulls.
LTC ended up with a nice double bottom at the lows, and it and ETH are testing their resistances as well.
We get a lot of information judging what consolidation looks like and if that is it and the bulls resume a 4 hour uptrend from here, it is very favorable for bulls.
Bears will be scouting entries on daily lower highs, using recent tops as stop levels.
On the daily chart this is currently seen as a bullish reversal candle off EMA12 support.
Bulls are hoping for a strong close of this candle, but keep in mind we will need a 4H higher low and HH to change the trend back to bulls.
LTC ended up with a nice double bottom at the lows, and it and ETH are testing their resistances as well.
We get a lot of information judging what consolidation looks like and if that is it and the bulls resume a 4 hour uptrend from here, it is very favorable for bulls.
Bears will be scouting entries on daily lower highs, using recent tops as stop levels.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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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
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.