Hi everyone,
Looking at the set up we have, it seems we are hitting a resistance not only from LTCBTC but also from BTCUSD/LTCUSD at the 4H TF.
It has been a good accumulation phase but you can now see exhaustion with the last candle. Additionally, RSI and MACD need to cool off a bit.
At the 1H TF, and from 17/08 until now we can see a cup forming...handle would come perfectly into play.
It may be time for a possible retracement for LTCBTC to 0.009/0.00895 maximum.
Any feedback is appreciated.
Looking at the set up we have, it seems we are hitting a resistance not only from LTCBTC but also from BTCUSD/LTCUSD at the 4H TF.
It has been a good accumulation phase but you can now see exhaustion with the last candle. Additionally, RSI and MACD need to cool off a bit.
At the 1H TF, and from 17/08 until now we can see a cup forming...handle would come perfectly into play.
It may be time for a possible retracement for LTCBTC to 0.009/0.00895 maximum.
Any feedback is appreciated.
Dagangan aktif
Target is reached on my S/R line and on the Fibs with an ABC wave retracement.My next target is 0.00956 with a tight SL at 0.00895
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.