Hi guys!
Here is another trading idea.
Litecoin seems to be finishing an ABCDE consolidation phase with lower highs where it found a bottom.
A breakout to the upside would not be crazy as the Price found support on the bottom 3 times in a row.
A first long time price target is the ATH where the Descending triangle begins. You can trade this by entering a position after the price breaks out of the Triangle and confirms the former resistance as a new support.
- Peace
Here is another trading idea.
Litecoin seems to be finishing an ABCDE consolidation phase with lower highs where it found a bottom.
A breakout to the upside would not be crazy as the Price found support on the bottom 3 times in a row.
A first long time price target is the ATH where the Descending triangle begins. You can trade this by entering a position after the price breaks out of the Triangle and confirms the former resistance as a new support.
- Peace
Nota
The Diagonal Resistance is drawn a bit sloppy, if you want to place your orders make sure to draw it yourself so it touches the price action. Good luck!
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.