Litecoin, Waiting for confirmation of uptrend in LTCUSD !!
Updated
Technical analysis:
LITECOIN is in Range bound but Resumption of uptrend is expected.
The price touched the strong uptrend line in Daily Chart. It is below the 21-Day WEMA which acts as a dynamic resistance and In the Bollinger Bands buy zone.
The RSI is at 38 and is above a RSI support level.
Trading suggestion:
Price is in the support zone (1.13 to 0.65), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (1.13)
.Ending of entry zone (0.65)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
1. First target is at 2.24
2. Second target is at 2.73
3. Third target is at 3.00
4. fourth target is at 3.51
5. without target
LITECOIN is in Range bound but Resumption of uptrend is expected.
The price touched the strong uptrend line in Daily Chart. It is below the 21-Day WEMA which acts as a dynamic resistance and In the Bollinger Bands buy zone.
The RSI is at 38 and is above a RSI support level.
Trading suggestion:
Price is in the support zone (1.13 to 0.65), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (1.13)
.Ending of entry zone (0.65)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
1. First target is at 2.24
2. Second target is at 2.73
3. Third target is at 3.00
4. fourth target is at 3.51
5. without target
Note
correction:Trading suggestion:
Price is in the support zone (175 to 121), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (175)
.Ending of entry zone (121)
Trade active
TP2 HIT!!Trade Setup:
We opened 5 BUY trade(s) @ 16.06 based on 'Hammer' entry method at 02.02.2018.
Total Profit: 481.99 Total Profit
Closed trade(s): 207.37 Profit
Open trade(s): 274.65 Profit
Closed Profit:
TP1 @ 213 touched at 02.14.2018 with 84.67 Profit.
TP2 @ 251 touched at 02.20.2018 with 122.67 Profit.
84.67 + 122.67= 207.37
Open Profit:
Profit for one trade is 219.88 (current price) - 128.33 (open price) = 91.55
3 trade(s) still open, therefore total profit for open trade(s) is 91.55 x 3 = 274.65
Trade closed: stop reached
All open trades closed on break-even stop
Trade Setup:
We opened 5 BUY trade(s) @ 128.33 based on 'Hammer' entry method at 02.02.2018.
Total Profit: 207.37 Total Profit
Closed trade(s): 207.37 Profit
Open trade(s): 0 Profit
Closed Profit:
TP1 @ 213 touched at 02.14.2018 with 84.67 Profit.
TP2 @ 251 touched at 02.20.2018 with 122.67 Profit.
84.67 + 122.67= 207.37
Recent closed trades :
3 other break-even trades closed at entry price, therefore no profit no loss.
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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