Evening Traders,
Today’s analysis – LTCUSDT – trading is a respected pitvhfork where a pull back into daily or weekly support is likely, allowing for a bullish bias,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
- Pitchfork Internal Resistance
- Low Volume
- Trend
LTCUSDT’s immediate price action is impulsive; a pull back into support area will greatly increase the probability of a trend continuation.
The current volume is below average, an influx is highly imminent when testing a key trade location.
Breaking the upside weekly S/R will increase the probability of a trend continuation.
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,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s analysis – LTCUSDT – trading is a respected pitvhfork where a pull back into daily or weekly support is likely, allowing for a bullish bias,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
- Pitchfork Internal Resistance
- Low Volume
- Trend
LTCUSDT’s immediate price action is impulsive; a pull back into support area will greatly increase the probability of a trend continuation.
The current volume is below average, an influx is highly imminent when testing a key trade location.
Breaking the upside weekly S/R will increase the probability of a trend continuation.
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,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
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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 ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.