LitecoinShort
The Daily Show: LTC (D) Season Finale?????
Updated
There are a ton of lines on this chart. We are still in a downtrend from the height of 182. At this point in time, I am paying attention to price action. If I had played the 182 a little smarter I would have went long at the 129 level like we saw many people do today. The trend is your friend.
I am looking at the 123-117 to offer a significant bounce, but if this does not occur we drop with very little resistance and the testing of lower levels. From a classical chart perspective the bear flag has formed and has a bottom potential (blue arrow) of the low that we had on Feb 06 2018.
Not advice, just my observations.
I am looking at the 123-117 to offer a significant bounce, but if this does not occur we drop with very little resistance and the testing of lower levels. From a classical chart perspective the bear flag has formed and has a bottom potential (blue arrow) of the low that we had on Feb 06 2018.
Not advice, just my observations.
Note
We may not see the low 120's.Note
The failure at the 140.70 puts down back in play.Note
I am not sure that we will see anything much lower than 115.Trade closed: target reached
It has met my target. If it drops lower I will only play a small portion. I have made my gains for the monthly goal.
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.