Adamkm

Curious, LTC Rising wedge?

BITSTAMP:LTCUSD   Litecoin / Dollar
608 11 6
Looks like my wedge chips.
bought again by 80.3 and hope I will see 84 ! :) What do you think guys?
Balas
nice! still valid?
Balas
So, what is the possible outcome of a rising wedge? :) thank you.
Balas
@cgavel, trend reversal, falling
Balas
@DDIMM, thats my thought as well. Ive been watching the wedge continue to grow. The rising wedge could turn into a c/h formation.
Balas
cgavel DDIMM
@DDIMM, thanks for that response. Is it also possible, that break out of trend to upside or consolidate sideways? Or what is the most likely outcome based on the highest percentage resolution to a rising wedge? Thanks
Balas
@cgavel, Normally rising wedges fall downwards out of the wedge to a lower price. If you're doing stop loss, you can keep moving the stop loss up under the wedge. Careful it doesn't trigger to early with odd candle wicks otherwise you'll kick yourself, just keep a nice moving stop loss going up the trend line. This minute its on $80, so a nice stop loss would be between $77 and $78. For me, $77.7 would be good.
Balas
cgavel Adamkm
@Adamkm, ok, good information for my mental notebook. Thank You, good Trading :)
Balas
@cgavel, as soon as i know, rising wedge is always bearish. But it's a probabilities game, you know.
Balas
cgavel DDIMM
@DDIMM, Thank You! :) any knowledge is helpful.
Balas
Bahasa Melayu
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar