LTCUSD 4H Cup & Handle inside the larger cup and handle!
Updated
Well, it's very interesting to see that a cup and handle formed on the 4 hour time frame. This lends even further evidence that the shorter timeframe trend will be positive. Looking for a target around 79-81, based upon the depth of the cup, then maybe some cooling off, and then continuation of the uptrend towards my higher long term targets in the 160 range.
Safe trading everyone!
Safe trading everyone!
Trade closed: target reached
Hit just shy of 80. Good enough for me to close my position at this time, and wait for a little pull back before reentering. No need to get greedy. I still think the overall trend is to the 160 range, but comfortable taking profits here.If you don't protect your earnings, you will see them diminish as fast as you obtained them. No trader ever went broke using this mentality.
Safe trading!
Related publications
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.