Litecoin / Bitcoin
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LTC Bullish Pennant Formation

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Bullish pennant is clearly seen on the daily chart. Bollinger Bands are extremely narrow, we expect huge movements when they are narrow like this. Stoch RSI is oversold, MACD is low and sell momentum is decreased.
These are all bullish signs and I expect the price to increase till we hit the first resistance line at 0.0194. If 0.0194 breaks we will easily reach to second resistance at 0.0213.


Here is my trading idea:
Long at: 0.0161
Take profit at: 0.0210
Stop loss: 0.140
Not
There was a typo at stop loss. It shall be: 0.0140

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.