litecoin looks good and making higher high higher lows
my pov is that it might get rejection from 110 level as the bottom buyer maybe booking some profits
back to lvls of 85-95 will be retest zone or value zone for buyers after the rejection from 110
for medium to long time frame we can see 140 levels too
LITECOIN 4H marked POI important level for LONG.
Once market mitigate that POI then we see a clearly a LONG Opportunity.
WHY LONG? Because we already know where the price will go.
I marked 2 HIGHS on chart first @107.16 05MAY22
And we can see rejection on 16FEB23 @105.86 price couldn't touch the previous High which is @107.16
CORRECT ME IF I'M WRONG!!!
this technical analysis is done based on schiff pitchfork and fib time base trend , fib retracement
what to do?? refer the image of chart for inshort idea about LTC
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (57.46).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Time Frame: Daily
Structure :
Descending Channel:
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (108.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Its time to pull up all.
After long bearish week now it has changed Down trend to Up Trend so its time to do Long now..
its all about where we take entry make profit and just get out from it... (y)
Have a good luck to all.
after making upper trend it reverse to down trend now.
it looks like take lower low and lower high for next few days until reach particular support.
So it good time to short for one or two dads trade.
