Evening Traders,
Today’s analysis – LTCUSDT- trading towards a key trade location where a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fiboancci, Internal S/R Confluence
- Daily S/R Resistance
- Low Volume
LTCUSDT’s immediate price action is trading towards the Local S/R which is in technical confluence with the Internal S/R and the .618 Fibonacci, allowing for a long bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, LTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler
Today’s analysis – LTCUSDT- trading towards a key trade location where a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fiboancci, Internal S/R Confluence
- Daily S/R Resistance
- Low Volume
LTCUSDT’s immediate price action is trading towards the Local S/R which is in technical confluence with the Internal S/R and the .618 Fibonacci, allowing for a long bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, LTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.