Huge divergence on the COINBASE:LTCUSD daily timeframe as we test a critical resistance level and as we zoom into the 4-hour we can see an ascending triangle has now started to form and we're seeing a lot of bearish divergence, indicating a strong possibility of a sharp sell-off. This may be an opportunity for a buy-back at 125.
I'd be interested to know the sentiment of all viewers so please drop your comments below.
Komentarz
⋅
Over the weekend we peaked at around 146 and this peak aligned perfectly with the descending resistance we've seen on the MACD divergence, following by a sharp sell-off back below 140 as expected.
P.S. Ignore the yellow arrow, it is not relevant to this setup.
Transakcja zamknięta: osiągnięto wyznaczony cel
⋅
125.00 reached.
Komentarz
⋅
Since 125.00 was breached, I am fully expecting this to test the $100 psychological even-number support level.