Still a bit too early to tell, but a 2nd bearish (and stronger) divergence in a week is showing up and falling wedge started forming since ~7am GMT. Currently looks like it could still break out upwards, but trend *could* be stalling/reversing...
Yorum
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well, the temporary correction took place. now let's see if the support at 86.78 is holding on next retest. upward counter move doesn't seem to have sufficient steam and downward TL on 15M chart now turned into secondary resistance, in addition to 89.10 (upper edge of current swing zone)...
Yorum
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price went back up to 91.50 area, but bounced back on resistance w/ upward TL
According to you it will go back to 86 but not lower or if it break 86 it will go lower?
fxthing
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@ninadsawe How far it'll go down largely depends on BTC behavior, watch that one closely in parallel. will update chart as the situation develops. (FWIW I just sold 50% of my LTC to lock in profit)