LitecoinUpdated LTCUSD: high probability opportunity
LTCUSD 2H
Hey guys, as you can see we have currently have a head&shoulders within the correction of a larger degree. I assume the current move we're in to be wave c of 2 or B. So once, price breaks the h&s to the downside and heads down to marked zone ($170-160), we might get a very high probability trade. Do definitely not miss this one. The minimum target is the $290-310 area. So unless we don't get an AB=CD, I even expect the next impulse to take out the minimum target. In this case, we might see an increase till $340-350ish.
Hey guys, as you can see we have currently have a head&shoulders within the correction of a larger degree. I assume the current move we're in to be wave c of 2 or B. So once, price breaks the h&s to the downside and heads down to marked zone ($170-160), we might get a very high probability trade. Do definitely not miss this one. The minimum target is the $290-310 area. So unless we don't get an AB=CD, I even expect the next impulse to take out the minimum target. In this case, we might see an increase till $340-350ish.
Note
Price is nearing the buy zone. Heavy confluence for a buy between $168-162.Note
Buy zone has been hit!Trade active
Targeting $290-310Trade active
Just accumulated more. I see a very low risk opportunity, with the worst case being a dump till $140 area - but also a chance that we might(!) bottom soon. Panic is increasing & sentiment is heavily bearish. Taking a contrarian approach and looking at key levels, it means for me that this might be a good time to buy more. Play it safe!
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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.