Litecoin appears to be in a big bullflag pattern on the 2 hour chart, which could be a set up for a big move up. This type of pattern indicates a higher than average chance for a bullish move. Entry above bullflag trend line $315, to Fibonacci extension 1.61 which is around $430. 35% Profit. Stop below $300 , risk to reward ratio 6:1
Entry= $315
Target- $430
Stoploss- $300
Entry= $315
Target- $430
Stoploss- $300
Order cancelled
Yea this particular trade did not play out, never hit the entry criteria.
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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.