Bearish Divergence on the monthly time frame indicating a big bearish morvment is about to happen.
RSI also showing market exhaustion where the bears are taking control
Stochastic showing the market is over bought.
and the candles on the chart is showing chop and wick to the top side.. indicating bulls loosing momentum and a reversal is imminent.
Multiple time touching at 1680 and bouncing back to 1800 and above range. In this correction it may take below 1680 look like which will take us to 1500 and below. As DXY is very Bullish.
Trend Analysis Fibonacci Multiple Time Frame Analysis XAUUSD Gold goldanalysis fibonaccianalysis Fibonacci Confluence
HI, LTC broke the resistance 80 again and kept ready to climb with the other Altcoins. The main resistors are 84 and 85, which if broken, reach the resistance zone of 90 and continue their way according to the high channel up to 100. In case of return, the first support is in the SMA 200 area. Of course, the first look is bitcoin to reach the target of 20000.
GOOD LUCK
The weekly stochastic is turning up after coming into contact with a trend line from Oct 2018. There is also bullish divergence present. Is this a real reversal or just a bump on the way down?
Here you see we are coming out of a zone of consolidation after failing to stay above the 50% retracement of weekly levels, have a H&S pattern on the weekly as well, 4H, D, W MA'S crossover for bearish sentiment and acting as resistance on 4H as we approach this monthly support. I am looking for a retest of the blue zone for a clean entry with a great risk to...
