Prices move and breakout has remained undecided in the past 7 hours. Yet to decide what possible breakout will be. LTCUSD has been spotted forming a descending triangle chart pattern at the top , with price currently at the horizontal support level and yet to breakout to the downside. The descending which has been a potential pattern for day trader and its authenticity to breakout to the down side, is at the point of breaking out. As we all know the descending Triangle (Continuation) The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. At this crucial time price isn't give much signal and it is advice that all trader should always wait for that breakout to the down side( or placing a sell stop let order) VERDICT: SELL/SHORT:$50.98 BUY:$50.69 down to $ STOP LOSS:49.5 Risk Disclaimer: Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you. It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. If you do not fully understand these risks you must seek independent advice from your financial advisor.
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