Whereas I'm not necessarily that bullish on LTC long term (just a BTC testnet). But this is a nice breakout setup.
We have nice support from previous lows and highs, the 88% retracement and the support of the pennant in the 55 USD area.
Therefor we would have to make one more leg down, which is also necessary to finish the E-wave.
Entry: 50USD - 55USD
Stop: 45USD
Target: 85USD
If we make that upward move it depends on the price action and volume to set higher targets. But for now I just expect a ABC-Correction wave in a continued downtrend.
We have nice support from previous lows and highs, the 88% retracement and the support of the pennant in the 55 USD area.
Therefor we would have to make one more leg down, which is also necessary to finish the E-wave.
Entry: 50USD - 55USD
Stop: 45USD
Target: 85USD
If we make that upward move it depends on the price action and volume to set higher targets. But for now I just expect a ABC-Correction wave in a continued downtrend.
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.
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.