The price has been respecting the dynamic resistance that was created after the triple top it was oscillating between from December 4, 2024, to March 6, 2025.
From what I can discern from the daily behavior, the price has as much chance of breaking the dynamic resistance as it does of continuing it, because it has shown favorable action towards the resistance over the weekend; however, today's candle retains the shape of a gravestone doji above the 7P EMA. Everything will depend on the decision made by the market as a whole and the impact of current events such as the trade war between the United States, China, and Europe.
It has been 8 days since the formation of the engulfing candle on April 6, 2025, and buying pressure has decreased without being able to reach the momentum to break the high of the engulfing candle. The behavior suggests a possible range formation around 81.02$ -64.43$. But one must not forget that the market is as much analytical as it is psychological, so attention should be paid to the facts and decisions should be avoided that could lead to regret. #LTC✅
$LTC A Napoleon Bonaparte one of the great strategists and military commanders in history is attributed the phrase "A sketch is better than a long speech" here is my sketch. May each one take responsibility for the risks and manage their capital wisely #tradingresponsable
$LTC Best regards to the entire community, today I had not logged in because I checked the app at 8:00 am and saw that it was not the right time to enter. I waited for the session from 8:00 am to 12:00 pm to have a better observation of the trading volume and the trend to understand if it is favorable to open a trade or not. I was reviewing and it has been a good decision; the market has rejected the key resistance level that has been functioning since May 2, 2022, with a breakout since November 25, 2024, which retraced on March 3, 2025, to confirm the resistance, consolidating a triple top at the breakout. During that triple top, the key support level was tested as support, with a height of $79.91 - $68.22, which functioned as an average level from August 7, 2023, to February 19, 2024, and then from July 1, 2024, to October 28, 2024. Currently, on the weekly chart, the price remains below the EMA 30P, the RSI is oscillating below the 50 level, and although the MACD is on the positive side, the charts have not yet confirmed a bullish trend change. Observing the T4H chart, I can see that those two bullish weeks with low trading volume have generated the formation of an ascending wedge (bearish pattern) since March 10, 2025. Considering that the entire month of March has been bearish, it is very likely that this movement is a pause in the bearish momentum that leads the price to the support level at $68.22 to close the triple top and regain bullish momentum there since the previous pattern was a double bottom that lasted from August 1, 2023, to November 1, 2024. Moreover, the RSI and MACD indicators on the monthly chart have a bearish direction. Given the convergence between Price Action and Indicators, I consider that the bearish trend continues; I will wait for the price behavior at the current key resistance level. Note: I am not an expert; I only share my observations and do not rule out the possibility of being wrong.
$LTC The market is dynamic and its cycles have been in effect since 2023, a triple top has been developing on the weekly chart. Such a decline was to be expected; the price must seek another level of support that will give it the momentum to break the resistance at 129.22 USDT. Always verify your analyses; remember that trading requires constant and informed preparation #tradingresponsable
$LTC The price is moving in an interesting context following a bearish breakout of the range from February 25 to March 4, the price broke the bearish channel with an accumulation range in which it has moved until today, reflecting two support catalysts and a bullish breakout in the middle of the period. Additionally, the price is breaking dynamic resistance at the EMA 200, so I can infer that a breakout may occur at the resistance level of $113, which could lead us back to the resistance zone between $128.20 and $135.67, but not without first retesting the zone of $97.49 - $94.37. Of course, we must not forget that the market has moved with a strong bearish trend this week. Evaluate your risks, analyze the market, and make your own decisions.
$LTC Two years ago, I conducted technical analysis on this asset; today it is at a resistance level that I expected it to reach back then. Definitely, trading is a job of patience and constant preparation to take advantage of market movements as they develop. From what I can observe in the monthly scenario, the bearish market has lost strength; however, since the February candle is a dragonfly doji, two things can still happen: a bullish breakout to the next resistance or the first two weeks of March will be bearish to fill that wick and balance the trading volume. An important detail is that despite the structure in T4h, I can see that the Key Level of resistance has been functioning since April 2022, meaning it has been in a resistant range for three years since then. Therefore, I can infer that the entire month of March will be bearish to fill the wick of February, but in April 2025, a breakout of the resistance is likely to occur.
$SHIB Everything has its time, everything has its hour, only those who have the patience of a good farmer are the ones who enjoy the benefits of an abundant harvest #perseverancia
$SHIB A few days after the inauguration and the current Crypto support of the new administration, the charts in several markets show an increase in community support, however, let us continue to operate cautiously, managing our capital well and observing the global landscape #tradingresponsable
$SHIB Good morning, preparing engines. According to the long-term Moving Average, the price has been in range for the last year, which means it will soon reach the support of that range. Let's get ready! Remember to invest only what you are willing to lose, the market has its own rhythm, manage your risks well #tradingresponsable
$SHIB Several weeks ago I observed the formation of an interesting pattern on the chart, the Rounding Bottom. This pattern has a duration of 50 weeks and we are already approaching the end of that period. Today I checked the behavior of the community on the chart again. In monthly timeframes, I observed that we are at a very important moment: Triangle Pattern with price at the vertex of the base and the Moving Averages in the support zone. Review your analysis, manage your risks, investigate the adoption of the asset and make informed decisions. #tradingresponsable
excellent analysis, I think the same as you, this is not the first time this type of behavior has occurred in the cryptocurrency market. And among the memecoins, it is the one that decreases the least.
$SHIB I am not an expert, I do not give investment advice, I research, study #BinanceAcademy , I research expert and commentator opinions, I observe the market, I try to avoid the syndromes of fear and greed, I move forward step by step, I believe that walking gets you there faster than running, and it also minimizes falls.
$SHIB To navigate successfully, you must chart on the map every change in the currents, the direction of the wind, the tides, even the temperature of the water and air are indispensable factors, as well as the speed and direction of the wind. Measure, chart, analyze, evaluate, research, and advance.
$SHIB I don't give investment advice, the market has its own rhythm, its own dynamics, it's psychological, it's statistical, it's like the ocean. So study, evaluate, analyze, understand the signals, read the currents, observe the horizon, draw your navigation routes, take the time to evaluate yourself, get to know yourself and move forward!
$SHIB "It takes at least 30 weeks for a round bottom pattern to form on a weekly price chart." Patrick Stockdale - round bottom chart pattern (Taken from Bapital.com)