Evening Traders,
Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position.
Points to consider,
- Price Action Impulse
- Daily S/R Support (.50 Fibonacci Confluence)
- Upper Daily S/R Resistance
- Oscillators Extended
- Volume Climax
LTCUSDT’s immediate price action is impulsive; breaking key levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias.
The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries.
Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish.
Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias.
Overall, in my opinion, LTCUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember!
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position.
Points to consider,
- Price Action Impulse
- Daily S/R Support (.50 Fibonacci Confluence)
- Upper Daily S/R Resistance
- Oscillators Extended
- Volume Climax
LTCUSDT’s immediate price action is impulsive; breaking key levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias.
The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries.
Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish.
Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias.
Overall, in my opinion, LTCUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember!
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
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Claim $1000 Deposit Bonus 🎁
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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 ⚔️
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。