scorpiomanoj
Long

LTC/USD - Consolidation in progress; Bullish pattern formation

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC/USD
cmp 348.
4h chart - consolidation in progress with a uneven cup pattern formation.
Right side of the cup has a series of HH and HL formation.
Price currently has formed a HL and waiting to spike.
400 plus target is highly possible.
Trading is my passion.
Hi there, any trade ideas for current trend ?
Reply
@ntadakam, Not yet. Need to wait for a clear trend/signal.
Reply
ntadakam scorpiomanoj
@scorpiomanoj, any ideas now? should wait for few days to buy again or buying now on dips is a good idea?
Reply
@ntadakam, 120 should reverse. Wait till the price touches 120. At 120 buy only if there is a sign of reversal which can be guaged in the form of a bullis candle in daily chart or Stochastic 14,3,3 crossover in oversold zone.
Reply
ntadakam scorpiomanoj
@scorpiomanoj, Thanks Mate.
Reply
ntadakam ntadakam
@ntadakam, good idea to buy now?
Reply
@ntadakam, NO
Reply
ntadakam scorpiomanoj
@scorpiomanoj, Is a buying range now?
Reply
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