ASCENDING TRIANGLE CHART PATTERN.
On the lower time frame, price moves faster and pattern change form bearish to bullish. On the one hour time frame, the price chart of LTCUSD is showing a reversal chart pattern called the ASCENDING TRIANGLE CHART PATTERN.
It has a horizontal resistance which price will likely breakout from and an ascending support trend line from the downward right side to the upward left side. The breakout is current taking place but the candle stick needs to close at this levels for the up targets to be met.
VERDICT:
BUY: $46.21
SELL:$46.6 up to $47.6
STOP LOSS:$44
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.
On the lower time frame, price moves faster and pattern change form bearish to bullish. On the one hour time frame, the price chart of LTCUSD is showing a reversal chart pattern called the ASCENDING TRIANGLE CHART PATTERN.
It has a horizontal resistance which price will likely breakout from and an ascending support trend line from the downward right side to the upward left side. The breakout is current taking place but the candle stick needs to close at this levels for the up targets to be met.
VERDICT:
BUY: $46.21
SELL:$46.6 up to $47.6
STOP LOSS:$44
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.
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.
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.