LTCBTC Bull Flag| Volume above average| Key Resistance
Hello Traders!
Today’s update will be on LTCBTC where we have had a bull flag breakout currently testing structural resistance, a close above this will confirm a trend change.
Points to consider,
- Resistance to break
- Bull cross imminent 200 MA & 20 MA
- Stochastics projected up
- RSI respecting trend line
- Volume above average
- VPVR decreasing in transactions
LTCBTC is testing a key structural resistance, a close above will confirm a trend change putting in a higher high. Bullish cross is imminent of the 200 and 20 MA, further puts emphasis on the probable trend change.
The stochastics are projected upwards, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI is respecting its trend line, coming close to its apex signalling a break it imminent.
The volume is above average which looks healthy, must sustain when LTC breaks structural resistance for follow through. VPVR is decreasing in volume of transactions from structural resistance and above, signalling low levels of resistance in terms of volume of transactions.
Overall, in my opinion, LTCBTC’s bullish MA cross may propel to break structural resistance. A close above will confirm trend change with a new higher high.
What are your thoughts?
Please leave a like and comment,
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
Today’s update will be on LTCBTC where we have had a bull flag breakout currently testing structural resistance, a close above this will confirm a trend change.
Points to consider,
- Resistance to break
- Bull cross imminent 200 MA & 20 MA
- Stochastics projected up
- RSI respecting trend line
- Volume above average
- VPVR decreasing in transactions
LTCBTC is testing a key structural resistance, a close above will confirm a trend change putting in a higher high. Bullish cross is imminent of the 200 and 20 MA, further puts emphasis on the probable trend change.
The stochastics are projected upwards, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI is respecting its trend line, coming close to its apex signalling a break it imminent.
The volume is above average which looks healthy, must sustain when LTC breaks structural resistance for follow through. VPVR is decreasing in volume of transactions from structural resistance and above, signalling low levels of resistance in terms of volume of transactions.
Overall, in my opinion, LTCBTC’s bullish MA cross may propel to break structural resistance. A close above will confirm trend change with a new higher high.
What are your thoughts?
Please leave a like and comment,
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
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