Pretty self explanatory. Reds are resistances, greens are supports. Yellows are trends, purples are fractals.
Still looks good to me overall. This drop in the last 12 hours was bit of a weak move, but it looks to be creating a higher low if we're in any sort of a trend reversal. Now that RSI is oversold again, I expect buying to resume short term. MACD zoomed out on larger frames looks like it could be due for a slight pullback as well, so we could possibly see it fall to my lower support areas, but overall still looks good. (See previous charts where I lay that out).
Surprising to see the 4h RSI go from overbought to oversold in just a day. Looks to me like a few whales were just unloading and was not an overall market decision because it was so fast. What do I know? Look at the space of time it takes for it to usually go from overbought to oversold, it's way longer than 12 hours. Very curious move LTC, very curious indeed. Obviously LTC was not the only coin affected, it was just about everything.
Still looks good to me overall. This drop in the last 12 hours was bit of a weak move, but it looks to be creating a higher low if we're in any sort of a trend reversal. Now that RSI is oversold again, I expect buying to resume short term. MACD zoomed out on larger frames looks like it could be due for a slight pullback as well, so we could possibly see it fall to my lower support areas, but overall still looks good. (See previous charts where I lay that out).
Surprising to see the 4h RSI go from overbought to oversold in just a day. Looks to me like a few whales were just unloading and was not an overall market decision because it was so fast. What do I know? Look at the space of time it takes for it to usually go from overbought to oversold, it's way longer than 12 hours. Very curious move LTC, very curious indeed. Obviously LTC was not the only coin affected, it was just about everything.
Zoom out to the daily, I think the culprit is the 50 EMA. We can't get a close over it to save our skins.