LTC/USD at decision point - Bounce to $130 of sell off to $50
Telah dikemas kini
Dear all,
Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.
This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge
1st target is $130.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart.
Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.
This trade is driven by 3 main factors:
- LTC currently sitting at key support $95
- RSI is oversold
- RSI forming falling wedge
1st target is $130.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Nota
A visual identification of the Bear zone and Bull zoneNota
We need this 2 candles pattern to stay for a reversalNota
We got a bullish engulfing, so far looking good
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Penafian
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