Long
[LITUSDT] 60% possible recovery if BTC stabilizes
Hi all!
This is what I believe can happen on LITUSDT 4h timeframe.
This is why I'm bullish:
- We're reaching the end of a falling wedge
- RSI is bullish and shows bullish uptrend
- MACD is above the signal line and shows bullish uptrend being consolidated
Very simple chart but for me, the most probable scenario. Only if BTC remains bullish or keeps on ranging though.
Good luck everyone!
This is what I believe can happen on LITUSDT 4h timeframe.
This is why I'm bullish:
- We're reaching the end of a falling wedge
- RSI is bullish and shows bullish uptrend
- MACD is above the signal line and shows bullish uptrend being consolidated
Very simple chart but for me, the most probable scenario. Only if BTC remains bullish or keeps on ranging though.
Good luck everyone!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.