LTC/BTC Has a high chance to continue a 3% gain pattern
Updated
I'm trading LTC/BTC on binance right now and believe there are two critical support/resistance levels. The price has been showing pretty strong reactions to these bands and have responded extremely well. I'm expecting a 4th time considering that it has just hit Bollinger Band's 21 MA and did not break through (good sign). Ichimoku cloud is also giving us great news and shows no reversal under the desired time frame I have decided to trade in. Oscillators have not all confirmed quite yet but look to be headed that way. I'm still waiting on the double bullish cross by both MACD and Stoch RSI. I will keep this updated for when that happens.
Trade closed: target reached
I've exited my trade due to a common pattern I've seen in the hourly chart. Currently, we've just encountered the first few red heikin ashi candlesticks. From all the previous rejections, we know that after each time there was a red candlestick, the price basically dumped to bottom support level. A healthy 1% on the trade. If the candlestick reaches lower support and indicators show a possible turnaround, I will consider buying back in. In the meantime, off to the next opportunity!!Note
*I made a healthy 1% on the trade* ;)
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