LTC / BTC - testing the bottom before revisiting upper channel
Updated
A lot of XXX/ BTC pairs are having very similar charts with price moving in this channel and currently resistance previous bottoms. I would like to see it bounce from here and test the upper resistance. If it breaks through, retests the support then the potential is for another 40+% upside. There is a visible divergence on the 1D chart so it is worth a throw of some money in it.
Note
Just a note, it is possible that price goes a bit lower first so if entering trade now, think through your SL and what risk you want to take.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.