LTC breakthrough downtrend line. Pivot points.
Updated
LTC breakthrough of the downtrend line. If price fixes above the trend line, movement to the region of 71-75 $ is possible.
If there is no consolidation, then a possible return to support in the region of $ 51. Be careful here! This support is critical. If it is not held back, then a possible decrease in the downward channel to the region of 36-32 $.
If support is maintained, then some kind of sideways movement will begin, as in the previous downtrend. Further on the situation. I specifically highlighted this zone on the previous downtrend and the situation now.
In the past downtrend, too, many people believed in a market turn when a long lateral movement began. What came of it yourself you see on the chart. Those who believe and do not exit stop loss from the market received a halving of funds.
All levels with goals and pivot points, on which the further price movement depends, I showed on the chart.
At the expense of stop loss, it is important not the size of the stop loss, which is more likely to be knocked down if there is a good movement, but the ENTRANCE MOMENT.
I trade LTC periodically. You can see other trading ideas for the last half a year at my related trading ideas.
If there is no consolidation, then a possible return to support in the region of $ 51. Be careful here! This support is critical. If it is not held back, then a possible decrease in the downward channel to the region of 36-32 $.
If support is maintained, then some kind of sideways movement will begin, as in the previous downtrend. Further on the situation. I specifically highlighted this zone on the previous downtrend and the situation now.
In the past downtrend, too, many people believed in a market turn when a long lateral movement began. What came of it yourself you see on the chart. Those who believe and do not exit stop loss from the market received a halving of funds.
All levels with goals and pivot points, on which the further price movement depends, I showed on the chart.
At the expense of stop loss, it is important not the size of the stop loss, which is more likely to be knocked down if there is a good movement, but the ENTRANCE MOMENT.
I trade LTC periodically. You can see other trading ideas for the last half a year at my related trading ideas.
Note
LTC / USD. An expanding triangle forms. + 70%. Entry Points
Note
Note
There is a breakthrough of the downward channel line + 54% from the breakout zone. From the second time I think the consolidation succeeded. It seems that the trend has changed, at least a downtrend may change to sideways movement.
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