MarketIntelligence

Ltc Bear market over?

Panjang
BITFINEX:LTCUSD   Litecoin
Doesn't take a rocket scientist to know the cryptos are in descent as of late. However, is this the end of the bearish trend and time for a move to higher levels again? The Dragon is clearly continuing to seek the oceans floor so the trend is down. However, the pitchforks indicate a strong level of support at the green upward slanted line, which has held it's ground for a while now. Look for a pierce of the Dragons Belly and support inside for a renewed move to the upside. If you are looking for a short position, trade the (red) downward pitchfork as the descent continues. Good trading!

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.