Get started
Litecoin
Long

Revised analysis for Bulls using Modified Schiff

By tradingmotives
Updated
Revised location of blue zone support for Bulls using a modified Schiff
Trade active
Just hit blue zone. Now monitor reaction. If Bulls can hold support, then look for breach & close > red upper parallel. Trade setup invalid if price does not find support > 221
Trade active
Blue zone support holding for now. Monitoring breach > red Median Line Parallel
Comment
Blue zone support held. Looking for new highs while upper parallel holds as support
Comment
Note support in blue zone at the upper parallel held & buyers have stepped in above the upper parallel since. Overlapping price action though, so support on or above the median line parallel is important.
Trade closed: stop reached
Stopped out at 334. Deeper correction unfolding.
Comment
Potential complex correction (eg triangle)
FibonacciPitchforksSupport and Resistance
tradingmotives
Also on:

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.