So that's in white here and that's, something that we really need to pay attention to because we'd been holding it as support for so long guys. All the way back to around April 6, 2020 it's been acting as support. Now, what you're, seeing on the 4 hour time frame here, I just want to give you a little better look. We will bounce out to the 1 day, but what you're seeing now is the 200s acting is overhead resistance, the 15 Pink's overhead resistance and in purple here this 20 EMA is also acting as overhead resistance, and what we don't want this to become is almost like. A little bear flag where we had this push down. We move sideways a little bit and then we have another leg down to potentially that area of support I've been looking at at eight thousand six hundred and seventy four. But this is where the Bulls really need to step up because breaking down out of this ascending triangle, guys, which happens thirty percent of time and that's still 30 percent the time it can happen. That would basically kill this entire uptrend. That we've been dealing with for a long time now, all the way back till we had our major dumped around March middle of March, we've been in this uptrend now, and what we've been looking at here is to see if this ascending triangle is going to be Continuation to the upside or basically this is distribution and we're gon na start moving to the downside, but this is a very sticky area where we're at right now, because the Bears are basically ready to pounce.
If we start breaking down through this ascending triangle here they can start shorting it down into these areas of eight thousand six hundred and seventy four. There could be room for them down around that 8400, even lower than that so it's so important. For today, the Bulls to step back in give us back inside this ascending triangle and then continuously trying to move to the upside. But right now guys this is a tough area for us and if we go out to the one day time frame, what you can see is that we're trading below this 50 moving average in pink now we're getting comfortable with trading below that we've had about four Days now that we've traded below it and that's significant, we never want to do that in uptrends. You can see this entire uptrend that we had back here. We are up above that 50. So now we have the 20 EMA, the 50 acting his overhead resistance. Yet again for us, so if we do break down hard guys, I would probably look to this 200 moving average to see if we could find support around 8000 318. If we do move to the downside there. What I also want to show you was trading view and if we take a look at trading view, we have a 15 cell 8 neutral and the 5 by so you can see how we've started to switch over into that cell territory and that's.
What the Bears are looking for right now guys. So if I were, you I'd be extremely careful. I'M gon na put an alarm here at about 9000 we'll, say 9000 34 right in that range. I want to be alerted if we do stop start dropping down through that area, so we'll throw an alert in there and then next one we're gon na cover guys is a theory. I'M. If you like me doing these, videos like subscribe share with your friends, hit that notification bell that's what's gon na help you with the most algorithm it's just been crushing me lately. So you guys with the notifications and the subscribers you're. The ones who are gon na be getting this information as quickly as possible, so subscribe to guys and leave it down low next we'll go to a theory of sitting of 230 dollars and the theorems ahead of Bitcoin right now, and if we take a look at This you can see we're still up above this 50 moving average, which is gon na, be so critical for us and now that's, almost coinciding with this 216 support level that I've been looking at for quite a while as well. You can see that in green right here, so we're basically wedged between two hundred sixteen dollars and that two hundred and fifty two dollars we've been just ranging moving sideways back and forth between these areas. But if we do lose, this 50 moving average guys I'd.
Look down to around that 200 and that's gon na be at 187 dollars that's. What I'm saying we're this 200 moving average is. There could be a big drop down into that area to see if we do find support there, but this still is just tough because the volumes been dying out as we're moving sideways in this area. If this is going to be consolidation, we want to see that volume start to swell, so we can start making strong moves to the upside. If we take a look at trading view, you can see also we're showing a 12 cell 9 neutral and a 7 by on the one day, time frame right now, so everything is starting to get just a little bit hairy here, guys in this, where you might Want to tighten up your stop losses and be careful because things can get out of control in this space, especially since we've been moving sideways for so long when you move sideways for so long like that, whenever we break to the upside of the downside, it is Gon na be brutal, most likely, okay and it's going to move really fast, so we need to pay attention that I'm. Also, looking at our momentum lower highs out our momentum, we have had a stock cross to the downside. We have not had that bullish cross to the upside, yet so running, really neutral. Therefore, aetherium and just being patient waiting to see which way we're gon na end up breaking out of this, so that's a theorem guys next, one we're gon na get into his light coin and, like I was saying in yesterday's video light coin.
In terms of that, LTC BTC was looking a little better than just like coin itself, due to the double bottom it was setting, and we started to try to get up above that 50 moving average. So there's a few things. If you go back and look at yesterday's video, but in that video guys, you always have to be careful. That'S not me, saying, run rush in there and buy it I'm. Just saying put this on your radar, so you can start looking at it to see if it is a true trend reversal, because you're looking for those trend, reversals alright so for litecoin, we're, 42 dollars 55 cents and guys with light coin, has just been tough. Like we've talked about the 20 ma still acting his overhead resistance are 50 s. Overhead resistance are two hundreds overhead resistance. We would need to start getting back up above 44 and 49 cents. So then we can go back up and tackle 48 dollars and 27 cents, but this is just an area. You know we've had a pretty weak bounce out of this. We had a major move to the downside when Bitcoin and everything dumped, and then this move up has not been that impressive compared to coins like a theorem or Bitcoin, just really has been moving sideways right. Now so we're still determining if this is sideways, consolidation we're gon na get the next kick up or if this guy's was just a really weak bounce, we're moving sideways and we need to start looking down around 38 77 census.
Support then be down around that 37. 25 and then, ultimately down around 30, his support momentum has been extremely flat stock, not really doing a ton right now, we're at 22 and 20. So we are in that oversold conditions right now, but this is an area you need to be extremely careful with for litecoin. If we take a look at the technical analysis here, we're looking at a 17 cell 9 neutral and a 2 by okay, you can see the moving average very strong cell there and then our oscillator is running just a little bit more neutral. So if you like me covering like when guys, let me know if you're here for litecoin a lot of people been doggin and hate and unlike coin, but you know it's one that when i first got in its was the coin that i started buying and i I liked, like coin people can doggone it all they want. I enjoy it and then guys, where you're gon na go into. Did you bite next we'll? Take a look at this will do. Did you bite let's, see here, let's go to bit tricks for it. You guys just trying to make this as quick as I can for you all, but did you buy it same deal I mean we're just really moving sideways. You can almost put us in a symmetrical triangle right now. If we draw our trend lines, just a rough trendline trying to get as many touches as possible here, so we put it right about here, and this will give us one touch two and then we'd have our three down in here then we'll draw our bottom line As well good, so you can see guys – and this is just a really rough version of one just as we're doing this together here.
But what you can see is basically we're in this symmetrical triangle right now and with symmetrical triangles they're a neutral pattern about 54. The time they will break with the trend and the trend has been up and with the trend up that's when you really can get those strong moves to the upside. If we are to get out of this overhead resistance this over this top of the symmetrical triangle, because what you're looking for trendline breaks and when you get a big trend line break here with big volume, guys that could shoot us really really hard and fast to The upside, if we are to get that move but it's the same deal to the downside now and you can see how neutral we're running for digi bite, we're fighting with that 20 EMA we're fighting with that 50 moving average. We still have that 200 support, but you can see the big gap that we have right here between that 200. So, if we are to make a move to the downside, I wouldn't be shocked to read test that around that zero point: zero one: zero, zero! Six! That happens a lot and you can see we've caught a lot of air in between we've gotten really far away from it. So that does happen, but you can also see we're fighting to hold this 50 moving average. If we can hold it trade up above it, that may give us enough to start get that trend line break out to the upside there.
With this symmetrical triangle, momentum, starting to increase kind of put a little double bottom in right down there and we'll see if this we can get a stock cross to the upside it's gon na. Take a lot of volume to stock right now is at 33 and 32, and if we take a look at trading view, it's one of the only ones that's thrown a buy signal. But it is more neutral. You can see. 10, sell 9, neutral, 9 buy and basically guys we got a whole mixed bag here, especially the oscillators over here. A lot of neutral cell neutral, and just one by is what we are looking at there for digi bite, but you know guys. This is just the area where we have to be careful, because if we're, not careful and all the sudden Bitcoin starts making these massive breaks to the downside, regardless of what did you bytes doing, it's most likely going to bring the price down with it and that's? Just how it works that's why we always have to pay attention to Bitcoin. We have to pay attention to aetherium and if you're trading ERC 20 tokens that's, where you really need to pay attention to aetherium, because that's going to be one of the big drivers of the market. When aetherium pumps, it's gon na bring the all coins with it and vice versa, so all eyes truly are on Bitcoin and the theorem right now I like did you buy it.
I think it's a great project, but right now, in this symmetrical triangle, this neutral pattern. We'Re waiting for a break we're deciding whether this trends gon na want to continue to move to the upside or, if we're, gon na start having those strong aggressive breaks to the downside, so that's. What we're looking at today? Guys, if you get something from this like subscribe, hit that notification bell. I appreciate you all being here with me today have a wonderful Saturday. I wanted to try to get these four coins in quick for you. Didn'T want to make too long of a video, but I appreciate you being here with me today guys and we just have to continue to watch this market. I feel like a huge move, is gon na be coming in soon with how tight the candles been getting? So let me know down low guys, love you, god bless.