LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )

9 Ağu

LTCUSD

HELLO TRADERS

inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .

• Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 .
  
  
• Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 .
  
  
• Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 .
  
  

TARGET LEVEL :

• RESISTANCE LEVEL : 65.88 ,68.41 .
  
• SUPPORT LEVEL : 49.77 , 47.45 .
  

12 Ağu

İşlem aktif

beware , breaking each turning level determine a direction .

RESISTANCE LEVEL : 65.88 ,68.41 .
SUPPORT LEVEL : 49.77 , 47.45 .

13 Ağu

İşlem aktif

until the price trading above turning level (1) , it means likely to rising of reach resistance level (1) .

14 Ağu

İşlem aktif

as long as the price trading above turning level , our chances of reaching resistance level (1) will be higher .

15 Ağu

İşlem aktif

still continues to rising

16 Ağu

İşlem aktif

until the price trading below resistance level (1) ,it suggest likely dropping to reach turning level (1) at 61.61

17 Ağu

İşlem aktif

reached first target , currently until the price trading above resistance level (1) , support to push reaching resistance level (2) .