This plan is based on the scenario that we are still in the middle of a long drawn out bear market. I hope we aren't, but in case we are, I wanted to come up with a plan.
A true correction, corrects things that are wrong with the chart. The main thing that stands out to me is that the $110-$185 range desperately needs volume back filling in order to provide a stable support for future growth. LTC just shot through that range so quick leaving a massive volume gap. This plan is based on correcting that.
The green boxes are buy targets and the red boxes are sell targets. I've arrived at these buy/sell areas using other indicators but didn't want to clutter the chart so I left them out.
In the event LTC doesn't just rocket over $215 in the next few days I'll use this plan as a starting point.
A true correction, corrects things that are wrong with the chart. The main thing that stands out to me is that the $110-$185 range desperately needs volume back filling in order to provide a stable support for future growth. LTC just shot through that range so quick leaving a massive volume gap. This plan is based on correcting that.
The green boxes are buy targets and the red boxes are sell targets. I've arrived at these buy/sell areas using other indicators but didn't want to clutter the chart so I left them out.
In the event LTC doesn't just rocket over $215 in the next few days I'll use this plan as a starting point.
Not
I forgot to mention I noticed a Death Cross on the 6hr chartNot
This scenario is looking less likely as a Stochastic Bullish Divergence is forming on LTC. I've updated this idea here:tradingview.com/chart/LTCUSD/GjFlMru1-LTC-is-meeting-criteria-for-a-Bullish-Stochastic-Divergence/
Not
Stochastic DIvergence pattern invalidated. This Bearish Scenario very possible.Not
LTC Touches 165 - If you are gambler you can enter here with a stop at 164. Target 195ish.
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.