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Long LTCUSD on break of 38.2 Fib of Sept high/low range Nov 20 1. Long on break of 38.2 Fib (61.8 of reversed Fib) of September high/low range 2. Momentum on steady uptrend - RSI & RSI Composite index moving averages crossed higher 3. RSI & RSI Composite index levels above moving averages 3. Good volume on break 4. Final target: 161.8 Fib extension of September high/low range 5. Stop: Below 50.0 Fib of September high low range 6. Potential RR: 1:5.95 7. Concern: Negative divergence on price and momentum on daily chart (happens more often in crypto's while price still rise)
BITFINEX:LTCUSDLong
by cobusvdm