LITUSD targeting the 1D MA200
Litentry (LITUSD) has been consolidating around its 1D MA50 (blue trend-line) for the past 6 days since it broke above it. Even though the long-term pattern is a Bearish Megaphone with some upside at the moment, the price is struggling due to a Lower Highs trend-line involved.
The 1D RSI pattern shows, that we might be ahead of a rally towards the 1D MA200 (orange trend-line) similar to that of July-August 2021. If you wish to buy upon confirmation, wait until a 1D candle closes above the Lower Highs trend-line.
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The 1D RSI pattern shows, that we might be ahead of a rally towards the 1D MA200 (orange trend-line) similar to that of July-August 2021. If you wish to buy upon confirmation, wait until a 1D candle closes above the Lower Highs trend-line.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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