LTCEUR Triangle Pattern, Good Entry Point 127.- EUR

24 Nis 2018

Struktur Tradingviewpost

Depending on the possible trend swap in crypto, we can assume that it is time to go in and diversify our portfolio again.
We see bullish signals for LTCEUR on the daily chart:
-MACD positive
-RSI above 50 and not overbought yet
-DMI crossed and ADX line showing an accelerating/strong trend
-Awesome Oscillator crossed

Besides the technical indicators we see a triangle pattern. Price broke the down-trend-line yesterday which indicates a continuation of the uptrend of LTCEUR.

If we see the long awaited uptrend confirmed on BTCUSD – which is still the leading currency pair in cryptoworld – in the next few days, we should see a increase of price on LTCEUR of at least 30-40% to fibonacci level 50% (around 170.- EUR). This is also a next bigger resistance area.

I'm going long, entry at 127.- EUR (which is -5% from 132.- EUR on the hourly chart which is definitely possible and appropriate), target at 170.- EUR
Entry: 127.-
Target: 170.-
Stop-Loss: 115.-
Risk-Reward: 3.5


Good trading guys and do it responsibly – no trading with your student loans ;)

Best regards,
TimmiHendrix

26 Nis 2018

İşlem aktif

Bought at 120
Stop-Loss 115

27 Nis 2018

İşlem aktif

On the 4h chart we can see that DMI+ crossed DMI- and MACD short is about to cross the long.
The hypothesis is still active.

2 May 2018

İşlem aktif

Still active!
But be aware; look out for the price movement of BTC in the next few days!

The analysis on the 4h chart on LTC/EUR is still good.
But make sure you are getting out of the trade if 115.- Stop-Loss is broken!

7 May 2018

İşlem aktif

Trade still active, awaiting another reversal (doji candle). Watch out for BCT to break or reverse from 10k psychological barrier.