Short term downward trend should continue.
I believe our downward channel will continue until we hit one or both major supports at 14.5c or 12.5c.
A strong bounce north may occur, however, we may bounce back down if we can't break past 18.5c.
Great buy zone under 14c, I am waiting patiently.
Ascending triangle (bullish signal), I have a long position in play on LTC - don't believe it will drop too far below what it has the last couple of days.
In an ideal world, it'll bounce off the 18.5c support and trackback upwards, especially considering how low the RSI is. If it breaks that support line it'll most likely track downwards to fill that huge gap we have. Either way, it is healthy for this to happen to move upwards again.
Broke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto.
I will not touch this for a while and will be staring on the sidelines.
Broke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto. I would not be buying anytime soon and would be selling if I hadn't already.
Love this stock fundamentally but in my opinion, it has had a great short-term run and needs a pullback for the next leg up. Should see it retrace to these support levels and then continue upwards towards 5c short term. I will be selling a portion to rebuy at a lower price.
At the end of March, AGY will *hopefully* be releasing news that they can produce 99.5% < battery-grade lithium. The market is preparing themselves for the news which is evident by the new short-term trend line forming. The closer to the end of March we get, we'll see past resistance become support for the next leg up.
