LTC/USDT 6H (Binance Fut.) Ascending channel on support
FA: Litecoin partners with Atari Bolster Gaming and Cryptocurrency Industries.
TA: a parallel channel is forming inside a bigger one, MAs are showing good support too and the LTC/BTC pair found bottom few days ago.
Current Price= 43.99
Buy Entry= 44.04 - 43.20
Take Profit= 46.35 | 48.31 | 53.89
Stop Loss= 40.89
Risk/Reward= 1:1 | 1:1.72 | 1:2.66
Expected Profit= 25.04% | 43.00% | 94.2%
Possible Loss= -25.04%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 360h
TA: a parallel channel is forming inside a bigger one, MAs are showing good support too and the LTC/BTC pair found bottom few days ago.
Current Price= 43.99
Buy Entry= 44.04 - 43.20
Take Profit= 46.35 | 48.31 | 53.89
Stop Loss= 40.89
Risk/Reward= 1:1 | 1:1.72 | 1:2.66
Expected Profit= 25.04% | 43.00% | 94.2%
Possible Loss= -25.04%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 360h
Note
EDIT: R/R for TP3 is 1:3.76Trade active
All entries filled, time to go up now!Trade closed: target reached
TP1 with +25.04% (4x) from average entry.Took a bit of patience but went through the resistance!
Higher targets are still valid but don't forget to book some profit here
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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.