LTC 4 hr equilibrium published 4/8/19

8 de abr. de 2019

Jumping into the 4hr we see what appears to be an ascending triangle bull flag with a base of support between 80.91 and 77.59. Being that our RSI is at 52 we could test this area but it would be a red flag if it breaks because we would lose the 12, 26, and 50 MA and break the bottom of our triangle bearish. The two most notable things here are that our new overhead resistance trend line meets our previous ascending channel resistance line at 77.59. This tells me that this area should be the lowest point to consider ourselves still in equilibrium. Volume is going to be our lead indicator as to where we go next on this chart. RSI under 35 on the 4 hr would be a buy signal for me as it has held as support for nearly the entire uptrend starting Feb 19 2019