LTCUSDT - Double Bottom Broke and Retested - 4HR
Here we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D charts show overbought RSI unsurprisingly and if tomorrows Daily candle is red we will see major bearish divergence form on the day chart
If so we could see the price could short below the neckline of 146, down to regions of 140 and maybe below but I expect this to be bought up and we see this setup 100% play out - would provide great opportunities to buy
Especially if the weekly can close above 146 which I fully expect to happen given current market conditions!
Next post will highlight the weekly chart and my macro target...
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D charts show overbought RSI unsurprisingly and if tomorrows Daily candle is red we will see major bearish divergence form on the day chart
If so we could see the price could short below the neckline of 146, down to regions of 140 and maybe below but I expect this to be bought up and we see this setup 100% play out - would provide great opportunities to buy
Especially if the weekly can close above 146 which I fully expect to happen given current market conditions!
Next post will highlight the weekly chart and my macro target...