LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )
Updated
LTCUSD
HELLO TRADERS
inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
TARGET LEVEL :
HELLO TRADERS
inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
- Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 .
- Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 .
- Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 .
TARGET LEVEL :
- RESISTANCE LEVEL : 65.88 ,68.41 .
- SUPPORT LEVEL : 49.77 , 47.45 .
Trade active
beware , breaking each turning level determine a direction .
RESISTANCE LEVEL : 65.88 ,68.41 .
SUPPORT LEVEL : 49.77 , 47.45 .
Trade active
until the price trading above turning level (1) , it means likely to rising of reach resistance level (1) .Trade active
as long as the price trading above turning level , our chances of reaching resistance level (1) will be higher .
Trade active
still continues to rising Trade active
until the price trading below resistance level (1) ,it suggest likely dropping to reach turning level (1) at 61.61Trade active
reached first target , currently until the price trading above resistance level (1) , support to push reaching resistance level (2) .
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