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Technical analysis by Bitgolder about Symbol LTC: Sell recommendation (2/21/2025)

https://sahmeto.com/message/3261110
Bitgolder
Bitgolder
Rank: 53
3.7
Sell،Technical،Bitgolder

Some bad news came out. Bybit got hacked for a lot of Ethereum. How this happens I dont understand but more than likely an inside job. These run out a basement exchanges are dangerous never leave your crypto on an exchange, NONE OF THEM. Anyways I dont like the break of this rising wedge or potential bear flag. If this deosnt break back into the wedge and close in it then we could se another drop to about 100 or so if the measured move plays out. Be cautious here. Not Financial advice.On the 6 hour some serious bearish divergence could be ready for a drop.This is a better angle without all the wicks and noise. We need to get back in the wedge.Still looks like were out of the wedge. I dont like how the RSI is looking it looks weak but we'll see how the market absorbs the biggest ETH hack in history if I read it right

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$127.58
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