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.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (103.8).
. 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...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
after recent breakout from 116
price has made its first pullback on hourly chart
it look like a channel consolidation
if the price breaks down then it might act as breakout and retest at 116
if it breakout above from the channel then 138 would be next resistance
We can see a channel formation and a curve formation I expect the price to move upward to 440 USD. Also, the fibs recognize a good upward momentum
there will be more deviations this is a ling term review so probably we will see it reach the point by the end of next year
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "A" : Corrective wave completed
Wave "B" : correction completed
Wave "C" : Corrective wave completed.
Wave "X" : Started, so one can expect an down fall up to the support
Kindly hit the like button...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (185.9).
. 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 above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (173.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 4-5 times.
The number of new addresses joining the $LTC network has gone through the roof. Roughly 200K new addresses are being created today.
It represents a 37% increase from when #LTC was trading at $415 in mid-May.
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