Some (probably false) [h]opium for litecoin bagholders
1st black striped line; must break $127 today (27-05) for reversal.
1st dotted blue line; must break 125 (28-05) for reversal.
2nd black striped line; must break 122 (29-05) for reversal.
2nd dotted blue line; must break 120 (30-05) for reversal.
3rd striped black line; must break 118 (31-05) for reversal.
The longer this pattern continues, the lower the resistance (but also support) that needs to be broken/can fall.
1st dotted blue line; must break 125 (28-05) for reversal.
2nd black striped line; must break 122 (29-05) for reversal.
2nd dotted blue line; must break 120 (30-05) for reversal.
3rd striped black line; must break 118 (31-05) for reversal.
The longer this pattern continues, the lower the resistance (but also support) that needs to be broken/can fall.
Comentarios:
Yesterday's daily close (candle) looks like a doji, which usually indicates reversal. We bounced off support today. StochRSI and RSI declining further (oversold), while volume seems to be increasing a bit.
Comentarios:
So we broke above the plotted 2nd dotted blue line, broke 120 (resistance line 30-05). However, the daily must CLOSE above resistance (120) for it to be confirmed.
Comentarios:
Today also failed to break above 118. However, it looks like today closed with a doji candle, which is bullish!
Comentarios:
So we broke up. Buying now is highly recommended.