LTC has been in this channel for over a year. And now at this time, its getting close to the ceiling of the channel. There are two possible moves from here but a final result at the end:
1. If it breaks out the ceiling of the channel (In a few weeks) , It will be a great opportunity to go for a long position with a tight stop loss below the 40 support line.
2. If it fails to breaks it, Then there will be a probable fall down till the 25 Support zone. and after testing 25 again, It will finally breaks out the channel and go for reaching its targets.
In the case of break out:
Tp1: 70
Tp2: 85
Tp3: 110
SL: 39
**** Please note that Its not a financial advice. Its just a personal analysis and prediction. For entering a trade please be patient at first, avoid emotional decisions at second, and last but not least, Do further research before any action.
Good Lucks
1. If it breaks out the ceiling of the channel (In a few weeks) , It will be a great opportunity to go for a long position with a tight stop loss below the 40 support line.
2. If it fails to breaks it, Then there will be a probable fall down till the 25 Support zone. and after testing 25 again, It will finally breaks out the channel and go for reaching its targets.
In the case of break out:
Tp1: 70
Tp2: 85
Tp3: 110
SL: 39
**** Please note that Its not a financial advice. Its just a personal analysis and prediction. For entering a trade please be patient at first, avoid emotional decisions at second, and last but not least, Do further research before any action.
Good Lucks
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.