LTCUSD [REVISED] - 50% Cyclical Short Trade? Capitulation?!
Previously I posted a short trade for LTC following the November 2018 sell-off, but limited information invalidated the trade:
Now that the range is clear we can prepare to short this market again. Here's the weekly view:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Now that the range is clear we can prepare to short this market again. Here's the weekly view:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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The bearish divergence between price and RSI/MFI is now shining bright. Watch for a rejection around the current price level.
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Rising wedge...
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