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Rsi_divergence

$LTC.X, Does Litecoin have more room to grow?Hi Community, I am following up from my previous idea and I am trying to make sense of supply & demand zones, and volume. I am not an expert in this at all, so I'd appreciate your thoughts. The 4H chart shows decreasing volume and an RSI in overbought zone. What I can't make my mind up is whether the volume is suggesting a slight decrease to retest the previous resistance at 186$, 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
BIDU NeutralWeekly resistance at 270 RSI divergence EMA20 Bollinger Band Upper band There might be a consolidation between 210 and 110. Sell Iron Condor -- limit 6.3 (Credit) SellToOpen Mar Call Spread C260/270 SellToOpen Mar Put Spread C200/210 Get Theta 2.04 per day $10 range, max profit 6.3, max risk 3.7, Reward:risk= 1.7:1 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
NASDAQ:BIDU
by PlanTradePlanMM
What does $LTC.X have in store for us?Hi Community, After a dramatic drop, Litecoin rebounded at the 112$ price level. Since then, it failed twice to break through the 150$ level twice. We have already seen that pattern before, and the RSI bullish divergence is a positive sign. Where do you think LTC will go next? 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