LTCUSD IDEA

10 Des 2021

With indicators showing major oversold signals.. I'm expecting a dip into this green box to form Bullish RSI divergences. This will also clear out overleveraged longs that longed at the bottom of last week. It will also clear out shorts that will be shorting with a break below 148 when it pops back up. With it being the weekend I fully expect the break down and back up to happen and play out by sunday. I will be taking a long position for the relief bounce if I notice a bull divergence on the RSI in the green box area. By weekly close I expect us to be back over the White trend line sitting at 142 where we should continue into next week. This will be a max pain for overleveraged longs from last weeks low and late shorters this week.