LTCUSDT - Projecting upcoming Targets - LOOKING GREAT
Updated
This is my second TA so I would love some feedback. I pulled some of these ideas from others but want to track. To me, it looks like the bears failed with the previous H&S, signal of bullish market. Break out from the falling wedge and succeeding peaks also signal bull market. Looking at the previous run, I'm projecting we hit 370 this week, new ATH around 550 in a few weeks. LTC seems to have a lot of support at 230 (.5 FIB). Placing stop loss around 180 from previous low.
Tips on estimating risk reward?
Tips on estimating risk reward?
Note
Bears broke upward trend, Finding support at 0.5 Fib at 230, Strong recovery after flash crash.
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.