LTC +16% to the upside
Good afternoon ladies and gents,
I'd love to share my most recent setup on Litecoin with you all. As usual with crypto this year - I'm bullish.
I'm not gonna lie - I've been prematurely bullish on a few stupid coins like Doge this week, so I've decided to stop being an idiot and only trade my fool-proof, guaranteed-win set ups.
- On the day chart we can see a rather bullish candle engulfing the previous swing low.
- On the 4hr if you look at the MACD graph below you'll notice not only falling bearish momentum but also a very strong bullish divergence
- Price is bouncing on the 61.8 fib level - the golden zone.
We will await further confirmation (candle close above 8MA) and a re-test before entering the trade.
There is potential price will drop a little lower to the trendline below - especially in the current environment. But this is just an opportunity to get in at a cheaper price.
I'd love to share my most recent setup on Litecoin with you all. As usual with crypto this year - I'm bullish.
I'm not gonna lie - I've been prematurely bullish on a few stupid coins like Doge this week, so I've decided to stop being an idiot and only trade my fool-proof, guaranteed-win set ups.
- On the day chart we can see a rather bullish candle engulfing the previous swing low.
- On the 4hr if you look at the MACD graph below you'll notice not only falling bearish momentum but also a very strong bullish divergence
- Price is bouncing on the 61.8 fib level - the golden zone.
We will await further confirmation (candle close above 8MA) and a re-test before entering the trade.
There is potential price will drop a little lower to the trendline below - especially in the current environment. But this is just an opportunity to get in at a cheaper price.
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