In this video I point out the all time high of LTC/BTC (Top YELLOW line)
The Second YELLOW line is the most recent and strongest resistance level; once we see a few daily candles close above that line there should be a strong upward move.
Between those lines will be the new channel for a BULL RUN
Do you agree with my analysis? Give me some constructive...
I am new to technical analysis, so take this with a grain of salt!
- Red line is representing SUPPORT
- Yellow Line is representing RESISTANCE
- Green line represents BUY OPPORTUNITY
Please give me constructive criticism, I am trying to learn more (:
I am very new to technical analysis, so take this with a grain of salt!
At the green horizontal line there is some support level, and the trend line indicates that it should continue to decline.
Could be a buying opportunity; watch closely if it breaks through 1st support level
Please give me some constructive criticism, I am trying to learn more (:
