TradingView
without_worries
Jan 21, 2023 10:10 PM

Litentry (LIT) Long

BINANCE:LITUSDT3D
LIT / TetherUSBinance

Description

⋅
On the above 3-day chart price action has corrected over 90% since April 2021. Today is great long opportunity. Why?

1) A strong buy signal prints (not shown).

2) Price action / RSI resistance breakouts.

3) Weekly BTC pair reclaims the 21-week EMA bull market support.


Is it possible price action falls further? Sure.
Is it probable? No.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: $2.15 is the first target

Trade active

⋅
Making good progress structurally speaking, lots of weak hands are flushed out from the candles printing, i.e. the underlying wicks.

Trade active

⋅
on support

Comment

⋅
GRM support confirmed

Trade active

⋅
Support confirmed

Comment

⋅

Trade active

⋅

Comment

⋅
Past resistance confirms support, expect a strong move over the coming weeks.
Support and ResistanceMultiple Time Frame AnalysisOscillators
Comments
slkmbnz37
⋅
thanks
ath1906
⋅
could you also provide your point of view on XVG?
without_worries
⋅
@athish19, It gets a score of 13 from 60 on my sheet. Must be 20 or above to be bullish. Need to have a buy signal, there isn’t one at this time.

1-day chart


When I’m looking for a buy signal it should print on the daily like so:

1-day


Or like this once recently

1-day


You get the point :)
ath1906
⋅
@without_worries, thank you for the detailed clarification with examples. much appreciated. I have been accumulating a huge bag over time. I hope it prints a strong buy signal soon. fingers crossed. Prost :)
Gainbtc
⋅
What do you think about FLOW?
without_worries
⋅
@Gainbtc, daily chart looks like

Gainbtc
⋅
@without_worries, thx boss, I did it
without_worries
⋅
@Gainbtc, did what?
rkazimi97
⋅
i thin now for bey
More