This is just an idea, not 100% accurate, but I can see Stochastics too high and it has to go down again. That said, I think it will fall down deeper.
When Stochastics go very high and the price doesn’t go that high, it falls down deeper than when it started the pump.
Again, it’s not 100% sure, since this is a market and everything can happen. Even they can pump the price to fool people that think it goes up again.
I’m not responsible for your actions. Trade at your own risk.
Good trading :).
When Stochastics go very high and the price doesn’t go that high, it falls down deeper than when it started the pump.
Again, it’s not 100% sure, since this is a market and everything can happen. Even they can pump the price to fool people that think it goes up again.
I’m not responsible for your actions. Trade at your own risk.
Good trading :).
Note
I want to update the info because it resulted in a bearish flag more than in a bearish triangle. I don’t see LTC going any further since Stochastics is at the maximum level and it has to go down again.Note
LTC is unable to get through the blue resistance. But if it does, it means it’s a clear trap and some people will lose their money.I wouldn’t trade with this scenario, but as I always say, trade at your own risk and do what you consider to be right. :)
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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.