ββ#Analytics πͺ LTC/USDT
Update to July 21 post
The halving of the Lightcoin network took place yesterday. As it often happens - on the news went fixation.
In the last analytics they warned that there was little time left before the Light halving, so there was little time for longing. They suggested to enter longing only at fixing above 95. As we can see in the end, the level of 95 turned out to be very strong and it was not possible to consolidate above it. But the recommendation remains the same - if we consolidate above 95, we buy.
On the weekly tf: we start to fall under the downtrend again, although there are still chances to bounce before the end of the week.
On the daily tf we came to 0.618 Fibonacci retracement level, but we can't buy just because of it. There is quite a good chance to go down to 0.786 level, which intersects with an important price level around 77-78. We can expect a good reaction from there because there is an uptrend in that area, which has proved itself very well.
In general, recommendations for Light: buy on a consolidation above 95 or buy after a reaction at 77-78.
Ocean TA | Education | P2P | Indicators | All trade agreements
Update to July 21 post
The halving of the Lightcoin network took place yesterday. As it often happens - on the news went fixation.
In the last analytics they warned that there was little time left before the Light halving, so there was little time for longing. They suggested to enter longing only at fixing above 95. As we can see in the end, the level of 95 turned out to be very strong and it was not possible to consolidate above it. But the recommendation remains the same - if we consolidate above 95, we buy.
On the weekly tf: we start to fall under the downtrend again, although there are still chances to bounce before the end of the week.
On the daily tf we came to 0.618 Fibonacci retracement level, but we can't buy just because of it. There is quite a good chance to go down to 0.786 level, which intersects with an important price level around 77-78. We can expect a good reaction from there because there is an uptrend in that area, which has proved itself very well.
In general, recommendations for Light: buy on a consolidation above 95 or buy after a reaction at 77-78.
Ocean TA | Education | P2P | Indicators | All trade agreements