Dog Days of Summer: Bearish Short-Term, Bull Long-Term
See chart above for TA, below are a few comments:
LTCUSD pairing could take Path 1, supporting indicators include:
- Daily hammer formed 29JUL
- Stoch RSI is indicates that the pairing is oversold
LTCUSD pairing could take Path 2, supporting indicators include:
- MACD is deeply bearish
- Bearish divergence on volume since 16JUN upswing
- Looming SHS pattern.
I lean more towards Path 2. I will note that the $33 to $34.50 price range should provide some base support.
I am bullish on the long-term for this pairing, but some development news will be needed in order to help continue this uptrend.
LTCUSD pairing could take Path 1, supporting indicators include:
- Daily hammer formed 29JUL
- Stoch RSI is indicates that the pairing is oversold
LTCUSD pairing could take Path 2, supporting indicators include:
- MACD is deeply bearish
- Bearish divergence on volume since 16JUN upswing
- Looming SHS pattern.
I lean more towards Path 2. I will note that the $33 to $34.50 price range should provide some base support.
I am bullish on the long-term for this pairing, but some development news will be needed in order to help continue this uptrend.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.