The price bounced from 57.00 and 59.00 levels. There is possible the chart to complete the cup & handle chart pattern. We have buy opportunity. If the market moves above 69.00 resistance level , it will be a signal of futher upward movement. Order execution only occurs if the price breaks the pattern’s resistance. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. Stop loss orders may be placed either below the handle (~ 57.00 level) or below the cup (~ 54.00 level) depending on the trader’s risk tolerance and market volatility .
Perdagangan aktif:
Price has broken resistance level
Komen:
If the price moves above the previous high at 69.00 level, it will be a confirmation of further upward movement.
Perdagangan tutup: sasaran tercapai
I'm very new and JUST starting... Can you tell me in plain english what you are saying here? LOL Are you saying "Keep an eye on LTC vs USD and if it goes above $69 before 14 nov. 04:00 then buy LTC with BTC or any other crypto you want to get rid of"? Sorry this is my first day! Please correct me where I am wrong - Appreciate the help! Thank you!!!
Balas
@VITBC, thanks for your comment. A new buy signal will be at 70.00, if price breaks 69.00 resistance level.
Balas
Love the chart! great analysis and its so clean. Haha you need to teach me how to chart like this.
Balas