The market forms a pennant which is a continuation chart pattern. If the price breaks the resistance line of the pennant, we’ll get a signal confirming upward movement. RSI confirms price reversal from SMA50. MACD histogram is going to support the continuation of the uptrend. DMI allows opening long trades. Entry level can be at 270.00 with stop orders at 186.00 level.
Full article : https://hacked.com/trade-recommendation-litecoin-16/
hey @southforce , where did you learn this all TA? today I learned a bit about stochRSI, but i have been trying to find a place where all indicators and pattern theories are put together. Do you know any?
Thanks, threw you a follow, have a good day :)
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I guess LTCUSD is more-less copying the BTCUSD motion, but with higher velocity. Expecting upward movement. For a short-term should be pretty safe (around 1 month). I support the idea about 270 USD entry point. Thanks for your analysis.
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