Hey all,
Hope everyone is staying safe.
First thing to note is that this is still a little early to enter.
Pros:
RSI - Breaking out and gaining momentum
PA - Appears to be forming a Inverse head and shoulders
EMA's - Appears to be holding and 55 will cross ema's
Cons:
PA - Hasn't made a higher low / higher high yet
Thoughts:
Ema's are getting closer to price while RSI is gaining momentum on this downtrend. Everything is falling into place, however I would remain patient for confirmation.
I think a breakout is coming real soon for LTC/BTC in my humble opinion. After the breakout, I would most likely buy EMA's as they are a good place to buy on an uptrend on high time frames.
This is solely for documentation purposes, and not financial advice.
Stay safe, much love
Hope everyone is staying safe.
First thing to note is that this is still a little early to enter.
Pros:
RSI - Breaking out and gaining momentum
PA - Appears to be forming a Inverse head and shoulders
EMA's - Appears to be holding and 55 will cross ema's
Cons:
PA - Hasn't made a higher low / higher high yet
Thoughts:
Ema's are getting closer to price while RSI is gaining momentum on this downtrend. Everything is falling into place, however I would remain patient for confirmation.
I think a breakout is coming real soon for LTC/BTC in my humble opinion. After the breakout, I would most likely buy EMA's as they are a good place to buy on an uptrend on high time frames.
This is solely for documentation purposes, and not financial advice.
Stay safe, much love