LTCUSD (Kraken) Ascending Triangle drawn from a high $38.30 (10/05) low of $17.50 (27/05) ascending to point $66 (29/07).
Price bounce off $55 psychological resistance. Expected bounce at $45 previous support. Ascending to triangle breakout, expected at ~75% range (07/07) continuation of upward trend with TP at ~$75 (~37% increase). Breakout measured against previous breakout (15/06). For this scenario to unfold, I'd expect news negative news on Bitcoin.
If we break below $45 support, next support at 50-day MA (~$42), followed by previous support at $38, breaking ascending triangle to the downside, indicating trend reversal. For this scenario to unfold, I'd expect news that Segwit is activating on Bitcoin.
Entry around 6-8 of July, short or long depending on scenarios above.
Price bounce off $55 psychological resistance. Expected bounce at $45 previous support. Ascending to triangle breakout, expected at ~75% range (07/07) continuation of upward trend with TP at ~$75 (~37% increase). Breakout measured against previous breakout (15/06). For this scenario to unfold, I'd expect news negative news on Bitcoin.
If we break below $45 support, next support at 50-day MA (~$42), followed by previous support at $38, breaking ascending triangle to the downside, indicating trend reversal. For this scenario to unfold, I'd expect news that Segwit is activating on Bitcoin.
Entry around 6-8 of July, short or long depending on scenarios above.
İşlem aktif:
Bounced off $45 support and can start thinking about entry long position to $75 take profit.
yeaahhh boooyyyy!
yeaahhh boooyyyy!
Hold tight till then boieez!