Get started

Rsi_divergence

MN BreakoutBULLISH TSXV:MN On the left side, we have a 1 Month view and 1 hour chart. On the right side, we have a 1 Month view and a 30 minute chart (zoom in) I see a couple things here indicating a bullish breakout about to happen: ✅ A nicely formed Cup and Handle ✅Red flags: Indicating a Bullish RSI divergence. We have lower lows on the chart and higher lows with RSI ✅ A red candle closing the previous day that doesn't appear that bears are strong here + Waiting for the candles to break the trendline as confirmation before taking a position Find good entries, know your exits, secure your profits - Pocketfeeder
TSXV:MN
by pocketfeeder
$LTC.X, Does Litecoin have more room to grow?Hi Community, I am following up from my previous idea and I am trying to make sense of supply & demand zones, and volume. I am not an expert in this at all, so I'd appreciate your thoughts. The 4H chart shows decreasing volume and an RSI in overbought zone. What I can't make my mind up is whether the volume is suggesting a slight decrease to retest the previous resistance at 186$, or if we have exhausted supply. In the latter case, we would be looking at a stronger retracement to the 180$ area, or even down to 165$. The 1H chart shows a bearish divergence on the RSI, and decreasing volume. However, the 1D chart shows a wonderful cup & handle formation with price just breaking the entry point that promises well in the medium-longer term. So, what do you think Litecoin will do next? And what are your thoughts on the supply & demand + volume considerations? Still learning here, so any constructive feedback and positive vibes are welcome. Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
by BitfulMind
3