Alright, so LTC/USDT tested the blue resistance line. Then it dropped right through my more optimistic pitchfork and the .786 Fib line, stopping short of the 1 Fib line. I have to say, this is a really nice dip and it feels good to say that after having safeguarded against it.
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MACD is making bull/bear crisscrosses in the 6 hour, but check out the 1 day chart. Here we have a more pronounced bear cross, so we may be seeing that decrease in price continue.
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Even as I'm making this post it's looking like it might be dropping through that bottom Fib line.
So tonight I'll be doing more homework. I'd like to gain a better handle on all of the different fibonacci tools. Leave a comment and let me know your favorite indicators and tools! :)
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